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Premier David Eby made his annual visit to the B.C. business community this week, but if you were looking for specifics and good news, you were left grasping at straws. Paper straws, which fall apart pretty much right away. As evidence that he’s turned a page with the business community, Eby cited fast-tracking nine wind energy projects. There will be more examples, he promised vaguely, with no hint of what industries or projects he may be favouring. Or why. Or how. Or when. So it’s fair to say Eby is not exactly throwing caution to the wind to attract more investment into B.C. – which is seeing the conclusion of a $100 billion burst in energy infrastructure construction , and virtually nothing in line to replace it. B.C. Chamber of Commerce president Fiona Famulak tried her best to coax a commitment to natural resources out of Eby, asking a question that cited the Mining Association of B.C.’s analysis that it takes 12-15 years to permit a mine in this province. Pushing back, Eby claimed his government had reduced the timeline for mining permits by 40 per cent, but offered no corroborating evidence. Even if we take the premier at his word, that means the 12-15-year review period has been cut to seven to nine years. That’s some thin gruel. And even thinner when one considers it came just minutes after U.S. president-elect Donald Trump put this out on his Truth Social: “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!” Or, put another way: “Drill, baby, drill!” How does that affect Canada? It’s better understood that Trump’s proposed 25 per cent tariffs would be incredibly harmful. For example, the softwood lumber tariff has resulted in $9 billion paid by Canadian producers since 2017. That’s by one industry on one product, at a rate less than half of what Trump is threatening. And yet this policy of “fully expedited approvals” could be even more damaging to the B.C. economy. If you’re an investor in oil, natural gas, tech, automobile manufacturing, mining, battery plants, pipelines, large development projects or other big-ticket items, why would you ever come to B.C., when you could get to work in any American state far faster and cheaper? Where your jobs and investment would be welcomed with open arms and the removal of regulatory barriers? By contrast, the BC NDP government has slathered cost and red tape on to business since 2017: multiple tax hikes, anti-employer rhetoric, WorkSafe regulations skewed completely to labour. And their soft-on-crime and drug-friendly policies have ramped up petty crime, again harming business. “When you have a near-death experience as a politician, it focuses the mind,” Eby said at the end of his speech, turning the focus back to himself. That’s all well and good. But it’s our provincial economy and our businesses that are having a near-death experience right now, as the provincial deficit and debt rush out of control, government hiring and costs far outpace the corporate sector that has to pay for them, and both private sector payroll and hiring are falling . America’s arms are wide open. But despite his political near-death experience, B.C.’s premier seems as unfocused and as unhelpful as ever. Jordan Bateman is vice-president of communication at the Independent Contractors and Businesses Association.
Northumbria Police are "keeping an open mind" that a burglary at another business in Low Fell could be linked to others which have plagued the area recently. Police were called to Beacon Lough Road in the early hours of Wednesday morning, with reports that an offender smashed a glass door, entered abuilding and took cash. It follows a spate of burglaries at independent premises in the Gateshead suburb, with several targeted last weekend on Beaconsfield Road, Durham Road and Kells Lane. Two men, aged 41 and 43, were arrested in connection with last weekend's burglaries and have since been bailed . Northumbria Police have confirmed that they are considering that the burglaries are linked, but no arrests have been made following the latest alleged break-in. A Northumbria Police spokesperson said: "Shortly after 5.15am on Wednesday, we received a report of a burglary at a premises on Beacon Lough Road in the Gateshead area. It was reported that an offender smashed a glass door to gain entry to the premises before stealing a quantity of cash and leaving the scene. "Enquiries are ongoing and anyone with information is asked to contact us by sending a direct message on social media or by using the live chat function on our website. You can also use the report forms on our website. "If you are unable to contact the Force in these ways, please call 101. Please quote crime reference number 137381R/24." The force spokesperson added: "We are aware of a number of recent burglary reports in the Low Fell area of Gateshead. We are currently keeping an open mind as to whether these incidents are linked." Gateshead and Whickham MP Mark Ferguson told Parliament on Wednesday he was "absolutely disgusted" by the spate of burglaries in Low Fell. He asked policing minister Dame Diana Johnson MP how the Government's new package of reforms will tackle high street crime. Dame Diana replied: "Our package of measures will deal with antisocial behaviour, put in place the neighbourhood policing guarantee, allow new prosecutions under the legislation we will introduce about assaults on retail workers, and get rid of the £200 threshold for shop theft cases to go forward. "One approach will not solve the problems, so we will ensure we have a whole package of measures to make high streets, neighbourhoods and communities safer and to allow businesses to thrive. We need businesses to thrive so that they can pay their taxes, and we can invest that money back into public services." Join our Court and Crime WhatsApp community for all the latest court and crime news sent direct to your phone. In this private group, you can expect the day's top court and crime stories, including breaking news and live blogs To join you need to have WhatsApp on your device. All you need to do is click on the link and press 'join community'. No one will be able to see who is signed up and no one can send messages except the ChronicleLive team. We also treat our community members to special offers, promotions, affiliate content, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you’re curious, you can read our privacy notice . CLICK HERE TO JOINMEXICO CITY (AP) — Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving suppliers. Walmart de Mexico said in a statement that it had talked with suppliers to see if there were any concerns. The agency that issued the fine, known as the Federal Competition Commission, expressed concerns about a “relative monopolistic practice.” The commission, Mexico's main anti-monopoly regulatory agency, is one of several independent agencies soon to be eliminated as part of what the government describes as a money-saving measure. It apparently levied the fine after at least one rival store chain accused Walmart of using its substantial purchasing power to gain discounts that put other sellers at a disadvantage. Walmart is by far the largest retail chain in Mexico. It called the decision “incorrect” and said it contained “errors in applying the law.” The company said it would abide by the agency’s ruling Thursday, but would appeal the decision. Walmart's shares rose about 7.5% on the Mexican stock exchange Friday. Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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These were the words of Rayon Sports...", "keywords": "Rwanda Premier League,Rayon sports,Robertinho Oliveira", "inLanguage": "en", "mainEntityOfPage":{ "@type": "WebPage", "@id": "https://www.newtimes.co.rw/article/22139/sports/football/have-robertinhos-rayon-proven-their-title-credentials-yet" }, "thumbnailUrl": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/11/27/64905.jpeg", "image": { "@type": "ImageObject", "url": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/11/27/64905.jpeg" }, "articleBody": "We are not afraid of any team currently, we are in top form, if you bring Real Madrid, we can play against them. These were the words of Rayon Sports head coach Robertinho Oliveira after his team thrashed traditional rivals Kiyovu Sports 4-0 in a Rwanda Premier League week 8 game This is a clear assertion by a coach who is full of confidence and who believes in what his charges can do. ALSO READ: Iragire nets late equalizer as 10-man Amagaju upset Rayon Sports Second comings are always dangerous especially in football. Jo Bonfrere's second coming to coach Nigeria ended in a mess, Bukhard Ziese and Kwesi Appiah were not successful in their second spells coaching Ghana, even at club level, Jose Mourinho's second stint at Chelsea didn't end well. Several others can be mentioned as examples. ALSO READ: Bbaale's second half strike powers Rayon at the top For the case of Rayon Sports, few people gave Robertinho the chance to have a good start in his second spell at the club. This is a league which has, for over the past half-decade been dominated by the Blues’ closest rivals APR FC. The last time Rayon won the title was during the 2018/2019 season when the Brazilian coach was at the helm. Robertinho’s first stint at Rayon, which dates back June 19, 2018, was a great one, one that brought history to the club where he propelled them to the CAF Confederation Cup quarter finals. After leaving Rayon, Robertinho coached Gor Mahia, Vipers and Simba before returning to the Blues in June this year. He made history by qualifying Vipers to the Group stages of the CAF Champions League for the first time in their history in 2022. Rayon, prior to re-appointing their former coach in July, had been far from convincing in the domestic league since his departure. They finished as runners-up in the 2019-2020 season, 4th in the 2021-season, 3rd in the 2022/23 season, and again runners-up in the 2023/24 season. The run has been nothing but a total disappointment which has visibly felt by supporters who often voiced their frustration, calling for club management to step down as long as they can’t deliver the title which APR have won during the past five straight seasons. It is early days of the 2024/25 season yet but there seems to be light at the end of the tunnel. Rayon started the season with two consecutive draws against minnows Marines and Amagaju. Many people raised question marks about Robertinho's tactics but he quickly bounced back and got the team up and running, winning 7 games in a row. Robertinho’s side now sits at the top of the league table with 23 points from the 9 games they have played. Some of the Rayon Sports players are already brimming with confidence and they are optimistic they have what it takes to win the league title. It is possible we can win the league. We are on course and we have to continue winning our games, Hadji Iraguha told the press after scoring twice in their 4-0 win over Kiyovu. What has worked for Robertinho so far? Rayon's attack marshaled around Senegalese striker Fall Ngagne is on fire, the lanky forward has netted four goals so far in 10 games for the Blues. Fall is so dynamic and, though he plays number 9 role on paper, he commutes between 9 and 10. This gives skipper Kevin Muhire a free role to operate. Muhire has provided a whopping 6 assists in 9 games so far this season. Again, Rayon's acquisition of Richard Ndayishimiye has been a plus for the team; he is a box-to-box midfielder full of energy and he perfectly gets the defensive duties in midfield. Moreover, the partnership between defensive partners Youssou Diagne and Aimable Nsabimana, which struggled in the first two games, is finally clicking. Now, the duo plays with so much telepathic understanding and they complement the work of each other. Will Robertinho pass APR test? Despite Rayon's bright start to the league, which has seen them winning 7 games and drawing twice in 9 games, people still feel they haven't faced their biggest test yet. The Blues have a rescheduled match day 3 league game with defending champions APR at Amahoro Stadium on December 7 and this game will be the major litmus test for Robertinho to show his title winning credentials. Games between the two teams can make and unmake a coach and Robertinho is fully aware of that. You either become a hero or a villain in games between Rayon and APR as a coach. Robertinho played APR twice in the league games during his first stint in 2018. On December 12, 2018, he lost 2-1 at the hands of APR despite playing with a man down. When the two teams met in the return round on April 4, 2019, Rayon Sports the army side 1-0 courtesy of a late Michael Sarpong penalty. At least, Robertinho knows the atmosphere of the derby games and what it entails in Rwandans. This game will prove whether he is really in to wrestle the title from APR or he is just flattering to deceive. In the nutshell, credit must be given to Robertinho though it is early days yet. He has at least built a winsome team at Rayon in just some few months since he arrived.", "author": { "@type": "Person", "name": "Edmund Okai Gyimah" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }As stocks roll toward the end of the year, the Nasdaq is now up almost 33% and the S&P 500 has a 27% gain. The Nasdaq is running behind last year's 43.4% pace. But the S&P 500, up in four of the past five years, is now vying to top its 28.8% gain from 2019. IBD's Stock Market Exposure guide holds at the 80% to 100% level as indexes run at or near record highs. Distribution days remain low. But breadth has deteriorated sharply in December, with decliners outpacing gainers on the S&P 500 for seven straight sessions through Thursday. Investors should therefore be paying close attention to stocks that are extended, or which are not behaving well after breakouts. ( ) and ( ) are the heavy hitters on the coming week's earnings calendar. The Federal Reserve's policy announcement could stir some market action midweek. Buying opportunities are modest, but some interesting possibilities include ( ), ( ), ( ), ( ) and ( ). Technip is in buy range. Confluent is setting up in a long consolidation. Taiwan Semi has a new base on base. Goldman and Fortinet's short consolidations are not yet full bases. Economic Calendar: Divining The Fed's 2025 Strategy Any suspense over whether the Fed would cut its key interest rate went by the wayside with the November CPI and PPI, reported on Dec. 11. A quarter-point rate cut is virtually certain. But suspense remains over what the Fed might signal for 2025. The Fed's new set of quarterly projections, to be released with the policy statement on Wednesday, might only signal a half-point in cuts, to a range of 3.75% to 4%. On the data front, retail sales for November, out Tuesday, are expected to rise a solid 0.4% overall, and 0.5% excluding autos, FactSet says. Personal income and outlays, out Friday, will include November's update of the core PCE price index, the Fed's key inflation rate. Blue Chip Radar: Focusing On Nike's New Chief With ( ) and ( ) in the midst of healthy rallies, Nike continues to grovel through a downtrend begun early last year. On Thursday, its fiscal 2025 report faces expectations for ongoing steep earnings and revenue declines. The outlook doesn't offer much relief. Analysts have been lowering price targets for the Dow Jones retailer ahead of the report, with UBS noting Monday that sales growth trends have deteriorated over the past three months, forcing retail price cuts. Morgan Stanley on Friday said it thinks investors will focus more on commentary from new CEO Elliott Hill, who took over for John Donahoe in October. Transportation: Tracking FedEx Air, Ground Consolidation FedEx reports fiscal second quarter 2025 earnings and revenue after the market closes on Thursday. Analyst consensus sees narrow earnings and sales gains. The company has implemented several cost-cutting initiatives in recent months, including combining its ground, air and other operations in a single company. The goal is to reduce costs by $4 billion by the end of its current fiscal year, ending in May. But shares gapped down sharply on Sept. 20 after cost cuts did not offset weakness in lucrative priority services. FDX stock then fell out of a two-month rebound in early December, finding support at its 10-week moving average. Aerospace: Benefiting From Boeing's Struggles ( ) checks in with its Q4 results late Thursday. Investors will listen for progress on the aircraft components maker's recent acquisitions, including a specialty components maker and, separately, U.S. producers of jet cabin components and power distribution systems. They will also be tuned to any news suggesting that Heico is benefiting from Boeing's (BA) ongoing struggles, including its recent strike. With a year-to-date gain of 44%, Heico is now approaching a 10-year advance of 850%. 2025 Outlook: Underestimating the S&P 500 Standard & Poor's reported operating earnings for S&P 500 companies rose to record levels in Q3, the seventh straight quarter of positive results. At the end of last year, FactSet analysts set their bottom-up target price for the S&P 500 at 5131.92. The index on Friday traded at 6051, 18% above the estimate. Over the previous 20 years (2004 – 2023), FactSet reports the average difference between the bottom-up target price estimate at the beginning of the year (Dec. 31) and the final price for the index for that same year has been 6.9%. Stock Market Earnings In Brief ( ) will post its fiscal first-quarter results early Wednesday. The electronics contract manufacturer is predicted to earn $1.88 a share, down 28% year over year, on sales of $6.61 billion, down 21%. After consolidating since March, Jabil is in a cup-with-handle base with a buy point of 139.21. ( ) will deliver its fiscal first-quarter results late Wednesday. Analysts see the memory-chip specialist earning $1.76 a share, vs. a year-earlier loss of 95 cents a share. Sales are forecast to rise 84% to $8.7 billion. ( ) reports on its Q4 performance Wednesday. Analysts predict the maintenance services supplier's quarterly profit will slip 14% to 87 cents per share with sales easing to $2.08 billion. ABM stock has gained 26% in 2024 and is below a cup-with-handle buy point of 59.15. ( ) serves up its fiscal first-quarter earnings early Thursday. Analysts project a 5% increase in adjusted earnings to $3.42 per share, according to FactSet. Sales for the management consulting firm are seen rising 6% to $17.2 billion. Accenture stock has spent most of 2024 consolidating and is just below a buy point in a cup-with-handle base. Additional Earnings Briefs ( ) reports early Thursday. Analysts see a 10% EPS jump on a 5% sales gain. Same-store sales are seen rising 1.5%. That would mark a rebound after three weak quarters, during which the parent of Olive Garden and other restaurant chains saw a sharp pullback among inflation-weary, lower-income consumers. ( ) reports Q4 results early Friday. FactSet estimates put earnings at 7 cents per share, up from a loss of 7 cents last year. Revenue is expected to rise 10% to $5.92 billion. The stock, up 39% in 2024, is trading at its best level since late 2021. Barclays raised the stock's price target to 31 Friday, 20% above current levels.
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Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration
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