Treaty 8 gears for battle with Alberta over ignored Treaty rights

first_imgAPTN National NewsFirst Nations groups from the Treaty 8 area in north-eastern Alberta say the province’s new land use plan violates their Treaty rights.First Nations from the area say they will take action.APTN National News reporter Noemi LoPinto has this story.last_img

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Elder concerned about harassment allegations at Edmonton prison

first_imgTamara Pimemtel APTN NewsTwo correctional officers and two managers were fired recently at the maximum security prison in Edmonton.There were allegations of harassment, intimidation, bullying and there may be possible criminal offences.Keith Chief Moon worked in correctional facilities across Alberta for over 30 years.He’s an elder and brings in cultural practices.He is concerned, but not surprised, about the allegations.tpimentel@aptn.calast_img

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Toshiba CEO promises turnaround in 5 years beefed up ethics

first_imgTOKYO – Nobuaki Kurumatani, the outsider tapped to lead scandal-tarnished Japanese electronics company Toshiba Corp., is promising a turnaround in five years by reshaping its operations and boosting profitability.Kurumatani, the first outsider to be appointed chief executive at Toshiba in more than half a century, acknowledged the system of governance and risk management had been weak. He stressed he brought to the company his experience in the financial sector, where compliance controls were tougher.Toshiba has been embroiled in an accounting scandal involving massive doctoring of books.“I feel that the organization is determined to change,” Kurumatani told reporters Tuesday at Toshiba’s Tokyo headquarters.Toshiba has also racked up heavy losses in its nuclear business and is selling its lucrative computer-chip business to avoid going belly-up.At the centre of the losses is the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse, which filed for bankruptcy protection last year.Kurumatani said the company will withdraw from all overseas nuclear operations, and the future of the energy business is moving toward renewables.Costs of building nuclear reactors have surged due to beefed-up safety measures after a March 2011 accident at a plant in Fukushima in northeastern Japan sent three reactors into meltdowns.“Toshiba has many dedicated employees and talented engineers,” Kurumutani said. “Things go well when things are good. But once things start going wrong, then it keeps going wrong.”Toshiba’s chairman stepped down last year, but veteran Satoshi Tsunakwa has stayed on as president and chief operating officer and will be working with Kurumatani toward a turnaround.Kurumatani’s rise is an effort by Toshiba to put on a fresh face to a long-pristine brand that has plunged from grace not only over the Westinghouse fiasco but also because of spiraling accounting scandals that raised serious questions about its ethical practices.Efforts to reform corporate governance turned up more embarrassing wrongdoing, which dated back years.A graduate of the prestigious University of Tokyo, Kurumatani most recently served as president of CVC Asia Pacific Japan, an investment fund.Before that, he was deputy president and a director at Sumitomo Mitsui Financial Group, one of Japan’s biggest banking institutions and a major Toshiba lender.Unlike previous Toshiba executives with backgrounds in engineering, Kurumatani built his career in corporate planning, public relations and auditing.Toshiba has been gradually selling off pieces of its operations, such as its medical equipment and household appliance businesses.But the key sale is its prized flash memory chip business to a consortium led by Bain Capital Private Equity. That sale was initially set to be completed in March but is ongoing, awaiting regulatory approval in China, according to Kurumatani.Toshiba has reached a settlement with American computer data storage giant Western Digital, its joint venture partner, which had initially fought the sale.Toshiba still has a sprawling infrastructure business, such as railways, power systems and factory automation. It’s still responsible for running and decommissioning dozens of nuclear reactors in Japan, including those at the Fukushima plant.Toshiba is forecasting a profit for the fiscal year that ended in March, a reversal from the red ink it had expected earlier. It racked up a loss for the previous fiscal year.___Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyamaHer work can be found at https://www.apnews.com/search/yuri%20kageyamalast_img read more

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Canada Goose shares up after betterthanexpected results plans for new stores

first_imgTORONTO – Shares of Canada Goose Holdings Inc. rose more than 30 per cent on Friday after it reported stronger-than-expected earnings and announced plans for three new stores in North America.Canada Goose stock closed up $18.02 at $78.01 on the Toronto Stock Exchange.The increase came after the luxury parka maker reported a fourth-quarter profit of $8.1 million or seven cents per diluted share compared with a loss of $23.4 million or 23 cents per diluted share a year ago.Revenue for the quarter ended March 31 totalled $124.8 million, up from $51.1 million in the same quarter a year earlier.On an adjusted basis, Canada Goose said it earned $9.9 million or nine cents per diluted share.Economists on average had expected a loss of eight cents per share for the quarter, according to Thomson Reuters Eikon.Canada Goose also announced Friday that it would open new stores in Short Hills, N.J., Montreal and Vancouver this fall as part of its retail expansion plan.The locations are expected to open ahead of the 2018 holiday shopping season.For its full financial year, Canada Goose says it earned $96.1 million or 86 cents per diluted share on $591.2 million in revenue. That compared with a profit of $21.0 million or 21 cents per share on $403.8 million in revenue in the previous year.Companies in this story: (TSX:GOOS)last_img read more

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MTV acquires SnowGlobe Music Festival

first_imgNEW YORK — MTV is expanding its live events business in the U.S. by acquiring the SnowGlobe Music Festival.The three-day New Year’s Eve festival takes place in South Lake Tahoe, California. This year’s lineup includes Above & Beyond, Diplo, Eric Prydz, Rezz and RL Grime headlining among more than 40 artists. SnowGlobe will also showcase extreme winter sports demonstrations.Terms were not disclosed in Monday’s announcement. MTV says it’s taking the next step in “its resurgence by expanding deeper into live events.”MTV plans to reinvent its New Year’s Eve coverage, connecting SnowGlobe with MTV’s Times Square studio in New York. The cable network also plans to expand SnowGlobe to additional dates and locations worldwide and leverage its team to launch other new events.MTV launched MTV Studios in June.The Associated Presslast_img read more

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Resource firm planning new NB wells if Tories lift fracking moratorium

first_imgFREDERICTON — A major player in natural gas development in New Brunswick is making plans for new wells if the province’s new Tory government follows through on a pledge to lift a moratorium on fracking.Corridor Resources currently has 32 producing wells in the Sussex area and operates a 50 kilometre pipeline, a gathering system comprising 15 kilometres of pipe, and a natural gas processing facility.The company wants to expand but the previous Liberal government imposed a moratorium in 2014 that prohibits hydraulic fracturing — a process that involves pumping water and chemicals at high pressure to fracture shale rock and release gas.The new Tory government has proposed lifting the moratorium in specific areas, like the Sussex region, if there is public support.In a corporate presentation the company says, if the moratorium is lifted, they would drill five vertical evaluation wells, complete three existing wells, identify “sweet spots,” and drill a second round of up to five horizontal wells.The company says with the impending end of Nova Scotia’s offshore production, natural gas will have to come from outside the Maritimes if the New Brunswick deposit is not further developed.The Canadian Presslast_img read more

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Hostile Husky takeover bid for MEG Energy now expected to succeed as

first_imgCompanies in this article: (TSX:HSE, TSX:MEG, TSX:IMO, TSX:SU, TSX:CVE, TSX:CNQ)The Canadian Press CALGARY — A CIBC oil and gas analyst says the recent deterioration in crude oil prices makes it unlikely that a better offer will emerge to force Husky Energy Inc. to sweeten its hostile takeover bid for an oilsands rival.Husky reported Tuesday that it had received all necessary regulatory approvals for the takeover of MEG Energy Corp. and is now waiting for shareholders’ response to its offer which expires in mid-January.Analyst Jon Morrison says in a research report that Investment Canada approval of the proposed deal could at one time have prompted the emergence of a rival bidder — and a higher bid — for MEG, but the weakening macro oil economy of the past couple of months makes it unlikely now.He says he doesn’t expect any of the four most likely competing bidders — Imperial Oil Ltd., Suncor Energy Inc., Cenovus Energy Inc. and Canadian Natural Resources Ltd. — to make a bid.CIBC moved its price target for MEG down from $9.50 to $8.30 per share, with the new target matching the current Husky cash-and-shares offer.The takeover was worth about $3.3 billion when proposed in September but has fallen to about $2.5 billion because of deterioration in Husky’s share price.“While we held the view earlier in the year that there was the potential for Husky to modestly bump the bid to get the deal across the line, given the weakening macro market over the last couple months we no longer believe that to be the case,” said Morrison in his report.last_img read more

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Crews working to extinguish forest fire near the Site C Dam

first_imgThe smoke covering Fort St. John is coming from the fire that is currently uncontrolled.If the current fire suppression doesn’t work, more crews will be brought in to fight the fire Thursday.There is another fire northwest of Fort St. John, that is approximately 100 hectares in size.  The fire isn’t creating a lot of smoke today and crews are working to put out that fire.If you have any information about forest fires in our region, email news@moosefm.ca.  You can also send along any pictures or video as well. UPDATE as of 5:45 p.m. – B.C. Hydro has confirmed the fire is located approximately 3.5km upstream from the Site C Dam project.  At this time there is no concern for the workers on site or the worker accommodation.  Hydro and the B.C. Wildfire Service are monitoring the situation and their first priority is the safety of workers on site and the public.  Hydro was burning waste wood debris on Friday and Saturday near Tea Island.  The cause of Wednesday’s fire is unknown at this time.FORT ST. JOHN, B.C. – Crews from the Forest Fire Service and B.C. Hydro are working to contain a fire near the Site C Dam.The fire broke out on Wednesday and is approximately 4 hectares in size.  Crews from the Forest Service and B.C. Hydro are working to contain the fire and B.C. Hydro has hired a helicopter to help with the suppression efforts.last_img read more

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Woman reported missing in Fort St John

first_imgBrown is described as First Nations, standing 5’4″ tall, with a slim build, and medium-length brown hair.Anyone with information about her whereabouts is asked to call the Fort St. John RCMP at (250) 787-8100, or Crime Stoppers at 1 (800) 222-8477 (TIPS). UPDATE – As of 8:30 p.m. Wednesday, Sadie Brown has been located.  The RCMP would like to thank the public for their help.FORT ST. JOHN, B.C. – The Fort St. John RCMP are asking for the public’s help in the search for a woman who was reported missing last Friday.54-year-old Sadie Brown was last seen at her home in Fort St. John early Friday morning before her roommate left for work. She requires a walker to get around, and is said to suffer from memory loss stemming from a previous medical incident.last_img

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PRRD to allow residents to remove vehicles used for work from Old

first_imgFor more information on the permit, click here.The Regional District is also reminding residents to respect and obey security checkpoints.  The slide is still active and the community remains under an evacuation order.  In a posting on the PRRD website, the District says “Security has been put in place to ensure the security of residences left unattended, and to know the number of contractors that working in the area restoring utilities.  Entry permits can be obtained from the PRRD; this is so that the PRRD knows who is in the evacuation area.” FORT ST. JOHN, B.C. – The Peace River Regional District will start to issue permits to residents of the Old Fort so they can remove work vehicles from the community.The PRRD says if you have a 4×4 vehicle that is still in the community of Old Fort that sustains a business, you can contact the PRRD at 250-784-3200 and they will look at issuing entry permits to remove those vehicles.“The passage for getting out of the community location is a 4×4 road, so please take this into consideration before you submit your permit application.”last_img read more

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Northeast BC unemployment rate increased in January 2019

first_imgFORT ST. JOHN, B.C. – The unemployment rate in Northeast B.C. saw an increase in January.The unemployment rate in January was 5.5 percent compared to 4.7 percent in December of 2018.January has been the highest recorded unemployment percentage since September 2018 at 5.6 percent, an estimated 39,900 people are employed in a labour force of 42,100. A recent statement made by Bruce Ralston, Minister of Jobs, Trade and Technology, on the release of the January Labour Force Survey from Statistics Canada;“As demonstrated in the newest results, higher wages, low unemployment and good jobs in British Columbia show that people are at the centre of our strong and stable economy.Wages continued to rise in January, with B.C. among the top provinces for year-over-year growth. In the past year, B.C.’s average wages grew by 4.1%, the highest among provinces. In fact, 2018 was B.C.’s highest annual wage growth in the past 10 years.B.C.’s unemployment rate remained the lowest in Canada — for the 17th month in a row — at 4.7%. Private sector jobs have been fuelling employment growth in the province, with an increase of 64,800 in the past year.This means people continue to see the benefit of a high-performing economy following many years of wage stagnation.”B.C.’s economy is expected to outperform the rest of Canada over the next three years. The Economic Forecast Council, a group of bank economists and analysts that are independent of government, estimates that B.C.’s real gross domestic product is expected to grow by 2.6% in both 2019 and 2020. “We’re working hard to nurture a sustainable economy that works for people.”last_img read more

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Grande Prairie RCMP Crime Reduction efforts result in arrests

first_imgCharged was 38-year-old Patrick Edens of Red Deer with traffic Safety Act offences as well as a total of 11 Criminal Code offences. Edens appeared in court on September 9.Also charged was a female youth with possession of a controlled substance. The female youth appeared in September 16. GRANDE PRAIRIE, A.B. – On September 5, at approximately 8:00 p.m., while conducting patrols, the Grande Prairie Crime Reduction Unit located a vehicle with a stolen licence plate.According to RCMP, The CRU unit conducted a traffic stop and as a result of an investigation the driver and one passenger were arrested.During the stop, police seized a small amount of methamphetamine, a loaded restricted firearm with a tampered serial number, $300.00 in counterfeit currency, two cans of bear spray, a machete, two throwing knives and an imitation firearm.last_img read more

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In highstate of preparedness to deal with threat from Pak

first_imgNew Delhi: The Indian Air Force on Thursday said it was in a high state of preparedness to pro-actively engage any perceived threat from Pakistan, in clear indication that underlying tension between the two countries remained.Citing a document of Pakistan’s civil aviation authority, the IAF said the neighbouring country has opened its airspace with Oman, Iran, Afghanistan and China only and the 11 entry and exit points located along Indo-Pak airspace were still closed. Also Read – How a psychopath killer hid behind the mask of a devout laity!”The Indian Air Force is in a high state of preparedness, to pro-actively engage any perceived threat in the present security scenario,” the IAF said in a statement. It said a strict vigil in the skies to detect and thwart any act of aggression from Pakistan Air Force is being maintained. Officials said all the frontline IAF bases along India’s western border have been kept on maximum alert. Tensions between the two countries escalated after Indian fighters bombed terror group Jaish-e-Mohammed’s biggest training camp near Balakot deep inside Pakistan on February 26. Pakistan retaliated by attempting to target Indian military installations on February 27. However, the IAF thwarted their plans. The Indian strike on the JeM camp came 12 days after the terror outfit claimed responsibility for a suicide attack on a CRPF convoy in Kashmir, killing 40 soldiers.last_img read more

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S Korean police apologise for 70yearold island massacre

first_imgSeoul: South Korean police apologised for the first time Wednesday over massacres that killed 10,000 people decades ago and the military expressed deep regret as President Moon Jae-in seeks to re-examine history. On April 3, 1948 members of the communist Workers’ Party of Southern Korea — an ally of the organisation that still rules the North — launched an armed uprising on the southern island of Jeju, attacking a dozen police stations. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US At the time the division of the peninsula had yet to be formalised and the Korean War was still two years away, but the US-supported South was ideologically split following the end of World War II and Japanese colonial rule. The revolt was quickly put down, but while sporadic clashes continued more than 10,000 civilians were killed by South Korean security forces over the next six years, including beyond the end of the Korean War. “We apologise to the innocent people whose lives were sacrificed,” said Min Gap-ryong, the commissioner general of the Korean National Police Agency, at a commemoration of the uprising’s 71st anniversary. Also Read – Record number of 35 candidates in fray for SL Presidential polls “We promise to be an organisation that only thinks about and works for Korean citizens so that a tragedy like this will never repeat in our future.” The country’s defence ministry also expressed “deep regret” to the victims, while stopping short of a full apology. The Jeju Incident, as the events are known, remains a highly politicised issue in South Korea, as do some other aspects of the country’s post-war history. Some Jeju-based research and NGOs have claimed it was “Jeju people’s resistance against national division and ‘American Imperialism'”. The police apology and ministry’s expression of regret come after left-leaning South Korean President Moon Jae-in has repeatedly spoken on the importance of “setting our history right”. Moon, who brokered talks between Washington and Pyongyang, has stressed the independence struggle against Japan’s colonial rule is at the heart of national identity in both Koreas, while framing the South’s right-wing — who say the victims of Jeju were all communist rebels — as descendants of pro-Japanese collaborators. Last year, Moon became the first South Korean president in more than a decade to attend the annual memorial ceremony on Jeju. At the event he said: “Young people who were falsely accused of being communists during the April 3 Incident defended their country in the face of death. Ideology was nothing more than a cause that justified the massacre.” In 2003 the then South Korean president Roh Moo-hyun — whom Moon served as chief of staff — offered an apology to the victims of the Jeju incident.last_img read more

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Theresa May condemns appalling church attacks in Sri Lanka on Easter

first_imgLondon: British Prime Minister Theresa May Sunday condemned the “truly appalling” multiple blasts at churches and hotels in Sri Lanka on Easter, killing over 160 people, including at least nine foreigners. Six near-simultaneous and coordinated explosions rocked three churches and three five-star hotels frequented by tourists as the Easter Sunday mass were in progress. “The acts of violence against churches and hotels in Sri Lanka are truly appalling, and my deepest sympathies go out to all of those affected at this tragic time,” prime minister May said in a statement on Twitter. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US “We must stand together to make sure that no one should ever have to practise their faith in fear,” she said. The statement came soon after she called for the UK to stand up for religious freedom in her annual message to mark Easter. No group has claimed responsibility for Sunday’s attacks. However, most of the deadly attacks in the past in Sri Lanka were carried out by the Liberation Tigers of Tamil Eelam (LTTE) which ran a military campaign for a separate Tamil homeland in the northern and eastern provinces of the island nation for nearly 30 years before its collapse in 2009 after the Sri Lankan Army killed its supreme leader Velupillai Prabhakaran. Also Read – Record number of 35 candidates in fray for SL Presidential polls No group has claimed responsibility for Sunday’s attacks. However, most of the deadly attacks in the past in Sri Lanka were carried out by the Liberation Tigers of Tamil Eelam (LTTE) which ran a military campaign for a separate Tamil homeland in the northern and eastern provinces of the island nation for nearly 30 years before its collapse in 2009 after the Sri Lankan Army killed its supreme leader Velupillai Prabhakaran.last_img read more

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Algeria summons Moroccan Ambassador over expulsion of Syrian refugees

first_imgRabat – Algerian Foreign Ministry summoned on Wednesday Abdullah Belkeziz, the Moroccan ambassador in Algiers, to inform him of its rejection of what it called “the allegations of the expulsion of Syrian refugees to the Moroccan territory.”In a statement published by the official news agency , the spokesperson of the Ministry of Foreign Affairs Ammar Bllani  said “we summoned the Ambassador of the Kingdom of Morocco on Wednesday to the Ministry of Foreign Affairs, where he was received by the Secretary General of the Ministry, Noureddine Awam, who expressed the Algerian government’s full rejection of the unfounded allegations mentioned by the Moroccan party on the alleged expulsion by the Algerian authorities of Syrian nationals to the Moroccan territory.”This move comes less than 24 hours after Morocco summoned the Algerian Ambassador to Rabat to express to him Morocco’s “strong disapproval,” following the alleged expulsion by the Algerian authorities to Moroccan territory of more than 70 Syrian nationals. “While calling on Algeria to fully assume its responsibilities, Morocco deeply regrets this inhuman act, especially as it affects women and children in a situation of extreme vulnerability,” read a statement of the Moroccan Ministry of Foreign Affairs.A Video footage aired by the Moroccan channel Al Oula shows official Algerian stamps on the passports of the Syrian refugees, which proves that they have legally entered the Algerian territory before they were expelled to Morocco.©Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributedlast_img read more

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Father of Palestinian Infant Who Died in Arson Attack Succumbs to

Rabat – The father of the Palestinian toddler who was killed last week by Israeli settlers in the West Bank succumbed to his injuries on Saturday. Saad Dawabsha passed away in hospital in the southern Israeli city of Beersheba where he was being treated for third degree burns.“Saad Dawabsha died and plans are underway for his funeral,” Palestinian official Ghassan Daghlas told AFP. “Before the funeral in the Dawabshas’ home village, a post-mortem will be conducted to provide evidence for a complaint to the International Criminal Court (ICC) in The Hague.”Dawabsha reportedly saved his wife and 4-year-old son. However, he failed to save his 18-month-old infant Ali, who died in an arson attack carried out by Israeli right wing terrorists in the occupied West Bank.His wife Riham Dawabsha and four-year-old son Ahmed are still fighting for their lives in the hospital.On Wednesday, Mordechai Meyer, an Israeli terrorist was given a six-month administrative detention order in connection to his involvement in the killing of the Palestinian toddler. He is from the West Bank settlement of Maaleh Adumim.At a meeting with Palestinian President Mahmud Abbas in Cairo on Wednesday, Arab foreign ministers consented to calling on the United Nations to protect the Palestinians from “terrorist crimes” by Jewish settlers.© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed without permission read more

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Comedian Gad El Maleh Bartended to Make a Living

Rabat – Famous Moroccan-French comedian Gad El Maleh posted a photo on his Instagram account Wednesday, recalling his early days before his successful career as a comedian when he made his living as a bartender in Canada in 1990.El Maleh appears with two of his colleagues, wearing a shirt and bow tie in the photo.El Maleh indicated that he had worked in many different professions before embarking on his career as a comedian. “I had to make a living …. Barman. Montréal 1990 #Everything is Possible,” El Maleh posted.Meanwhile, El Maleh is planning to perform a show in Moroccan Darija after his successful performances in French and English.In his first interview speaking in Darija as a guest on the France24 Arabic program “Thaqafa” (or “culture”), Gad El Maleh said that the performance may be entitled “Ouled Leblad” (“The Native”). read more

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Spanish Queens Alleged Visit to Ceuta May Anger Morocco

Rabat – Queen Sofia of Spain may visit Ceuta on September 9, according to the local news site El Pueblo de Ceuta.The outlet cited unofficial sources stating that the Queen might make the trip to the city and that there are efforts to get the Minister of Defense, María Dolores de Cospedal, to come as well.The source said nothing is confirmed yet, but affirmed that preparations are underway “in total discretion.” The visit, if confirmed, is likely to anger Morocco as the kingdom still sees Ceuta and Melilla, as well the Chafarinas Islands along the Mediterranean coast, as part of its national territories.Despite a significant improvement in relations between Rabat and Madrid in recent years, the issue of the two enclaves remains a source of contention.Queen Sofia’s last visit to the city was in November 2007 with her husband, former King Juan Carlos. The royal couple paid a visit to both Ceuta and Melilla amid criticism of the Moroccan government.The then-Moroccan prime minister, Abbas El Fassi, said that the kingdom will work “to recover the two occupied cities and the neighboring islands,” asserting that Morocco has “inalienable, legitimate” rights to the territories. read more

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As Wall Street spasmed with fear 401k savers held steady

NEW YORK — While professional traders on Wall Street scrambled to sell stocks amid a fear-fueled, nearly 20 per cent drop for the S&P 500 late last year, most people at home remained relatively calm when it came to their own retirement savings.So say numbers from Fidelity Investments, which show that the vast majority of 401(k) participants continued to sock savings away in their accounts and refrained from the perhaps-tempting choice to abandon stocks and hide out in the safety of cash.Investors held the steadfast approach even as the average 401(k) balance dropped to $95,600 by the end of the year, down 10 per cent from three months earlier. The chief culprit was a fear about a possible recession, which sent the S&P 500 down 19.8 per cent between setting its latest record high on Sept. 20 and hitting a bottom on Christmas Eve.It’s an encouraging sign because stocks have historically provided the best returns over the long term. So, as long as someone is willing to stomach such bouts of volatility and hold on for years, owning stocks is one of the best ways an investor can have a bigger pot to pay for retirement.“The most encouraging thing is that most people didn’t have a knee-jerk reaction, and they continued to save or increased their savings rates” said Jeanne Thompson, senior vice-president at Fidelity. “This is the proof that the messaging has gone through. We’ve come a long way in the last 10 years.”Much of the credit goes to one of the most powerful forces in investing: inertia. People often lean toward making no changes, particularly when it involves something as big and complicated as saving for retirement. Employers and the investment industry have tried to harness that for good by automatically enrolling workers into 401(k) plans, automatically setting them up to increase their contributions each year and automatically placing their savings into target-date retirement funds.That way, if workers take no action with their 401(k) accounts, they’re still saving a portion of each paycheque and putting their money into investments that are appropriate for their age. Last quarter, 99.1 per cent of all 401(k) participants at Fidelity continued to regularly contribute, the highest percentage since early 2011.Target-date funds take care of how to divvy up an investor’s nest egg, and they keep a lot of money in stocks when retirement is decades away and shift to more bonds as time goes on. That allows savers to put the investment decisions on auto-pilot, and only 5.6 per cent of Fidelity’s 401(k) investors changed how their assets were divvied up during the fourth quarter.“The market went down,” Thompson said, “but in terms of employees’ behaviour, it continues to remain incredibly positive.”Stan Choe, The Associated Press read more

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