adplus-dvertising
Connect with us

News

Alberta government expecting a boost in its 2024-25 surplus largely due to oil prices

Published

 on

 

EDMONTON – Alberta’s first-quarter fiscal update shows the government expects a surplus of $2.9 billion but won’t have surplus cash in the short term and will need to borrow hundreds of millions of dollars.

Finance Minister Nate Horner said it’s an accounting surplus, meaning the money is tied up, so in the meantime the province will need to take on $641 million in short-term borrowing.

That surplus is up $2.6 billion from the slim surplus of $367 million forecast in February’s budget — largely due to higher-than-expected oil prices.

The province is pegging the price of West Texas Intermediate oil at US$76.50, up US$2.50 per barrel than what was forecast at budget.

In 2024-25, the government plans to spend $73.3 billion and rake in $76.2 billion in revenues.

Despite the operating surplus, the government has no plan to immediately introduce the personal tax cut Premier Danielle Smith promised in the 2023 election.

This report by The Canadian Press was first published Aug. 29, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

News

Democrats devastated by Vice-President Kamala Harris’ defeat |

Published

 on

Supporters of Vice-President Kamala Harris say they are devastated the Democratic party leader lost the United States presidential election. Harris was set to address Democrats at her alma mater Howard University in Washington, D.C. after conceding the race in a phone call with Donald Trump. (Nov. 6, 2024)



Source link

Continue Reading

News

Democrat Elissa Slotkin wins Michigan’s open Senate seat, defeating the GOP’s Mike Rogers

Published

 on

DETROIT (AP) — Democratic U.S. Rep. Elissa Slotkin has won Michigan’s open U.S. Senate seat, giving Democrats a bittersweet victory in a swing state that also backed Republican President-elect Donald Trump in his successful bid to return to the White House.

Slotkin, a third-term representative, defeated former Republican congressman Mike Rogers. Democrats have held both Senate seats in Michigan for decades, but this year were left without retiring incumbent Sen. Debbie Stabenow.

Michigan’s was among a handful of Senate races Democrats struggled to defend. They lost their U.S. Senate majority despite Slotkin’s narrow win.

The race was incredibly close. Just minutes before it was called for Slotkin, she addressed supporters in Detroit, acknowledging that many voters may have cast their ballots for her while also supporting Trump, who won the state’s electoral votes over Democrat Kamala Harris.

“It’s my responsibility to get things done for Michiganders. No matter who’s in office, just as I did in President Trump’s first term,” said Slotkin. “I’m a problem solver and I will work with anyone who is actually here to work.”

Slotkin’s win provides some solace for Democrats in the state, many of whom entered Election Day with high confidence following sweeping victories in the 2022 midterms. Democrat Gov. Gretchen Whitmer still controls the executive branch and Democrats held onto the Senate, but their state House majority was in peril.

And Republicans also captured a mid-Michigan seat vacated by Slotkin, considered one of the most competitive races in the country.

Slotkin, a former CIA analyst and third-term representative, launched her Senate campaign shortly after Democratic Sen. Debbie Stabenow announced her retirement in early 2023. With a largely uncontested primary, Slotkin built a significant fundraising advantage and poured it into advertising. Her high-profile supporters included former President Barack Obama and Stabenow, who helped her on the campaign trail.

On the Republican side, Rogers faced multiple challengers for the party’s nomination, including former Reps. Justin Amash and Peter Meijer, the latter of whom withdrew before the Aug. 6 primary. Rogers served in the U.S. House from 2001 to 2015 and chaired the House Intelligence Committee.

Trump won Michigan in 2016 by just over 10,000 votes, marking the first time a Republican presidential candidate had secured the state in nearly three decades. This time, he expanded that margin to about 80,000 votes.

Slotkin and other Michigan Democrats focused much of their campaigns on reproductive rights, arguing that Republican opponents would back a national abortion ban, although Rogers said he wouldn’t. How effectively the issue motivated voting in a state where reproductive rights were enshrined in the constitution by Michigan voters in 2022 remained to be seen on Election Day.

About 4 in 10 Michigan voters said the economy and jobs is the top issue facing the country, according to AP VoteCast, a sweeping survey of more than 110,000 voters nationally, including about 3,700 voters in Michigan. About 2 in 10 Michigan voters said immigration is the most pressing issue, and roughly 1 in 10 named abortion.

Slotkin used her funding advantage to establish her narrative early, aiming to connect both with her base and disillusioned Republicans.

“For the Republicans who feel like their party has left them over the last few years, you will always have an open door in my office,” Slotkin said during their only debate.

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Dodgers star Fernando Valenzuela remembered for having ‘the heart of a lion’ at his funeral

Published

 on

LOS ANGELES (AP) — Fernando Valenzuela was remembered for “having the heart of a lion” throughout his stellar pitching career with the Los Angeles Dodgers during a funeral highlighting his Catholic faith on Wednesday.

Archbishop José Gomez sprinkled holy water on Valenzuela’s casket and later waved incense over it. Nearby a portrait of a smiling Valenzuela rested against the altar.

“His death came too soon,” the Rev. James Anguiano said in his sermon.

The public Mass at the Cathedral of Our Lady of the Angels in downtown Los Angeles included fans wearing Dodgers gear, some in Valenzuela’s No. 34 jersey. Many held up cell phones to record moments.

Valenzuela died on Oct. 22 at age 63, three days before the Dodgers began their eventual run to the franchise’s eighth World Series championship, beating the New York Yankees in five games last week. No cause of death was given.

“I really think Fernando hoped to witness the Dodgers win the World Series this year but you know he did witness the Dodgers as champions,” Anguiano said. “Fernando had a front-row seat, perfect from heaven.”

“I know like I’m standing here that Fernando is up there, he’s letting us know he’s doing well and he’s celebrating along with the Dodgers in their World Series championship,” said Mike Scioscia, who caught Valenzuela in many of his starts in 1981, including a five-hit shutout on Opening Day.

The Dodgers went on to win the World Series that year, in six games against the Yankees. The Mexican-born Valenzuela is the only player to earn the NL Cy Young Award and Rookie of the Year honors in the same season.

Scioscia, at times speaking in Spanish, eulogized Valenzuela for having “the heart of a lion.”

“He was 20-years-old in 1981 when he was going through Fernandomania and he just kept perspective the whole way,” Scioscia said. “Fernando never got too big for his britches. He was always well-grounded, he knew that he had a talent and he wanted to go out there and do it every time. He always felt he was the best in the world but he never told anybody about it.”

Fernando Valenzuela Jr. gave a tearful eulogy of his papá in Spanish, pausing to wipe his face with a white cloth. Valenzuela’s wife, Linda, and other children Ricardo, Linda and Maria sat in the front row, along with his grandchildren.

“Fernando no longer has to look up nor does he have to look down,” Anguiano said, referring to Valenzuela’s skyward glance during his unusual delivery. “Fernando is alive and present in our hearts and in our lives.”

The nine-member Mariachi Sol de Mexico played and sang throughout the service. It concluded with eight pallbearers ushering his casket covered in white roses to a waiting hearse.

Former Dodgers Orel Hershiser, Ron Cey, Reggie Smith, Jerry Reuss, Manny Mota, Justin Turner, Rick Sutcliffe, Nomar Garciaparra and Jesse Orosco were among the mourners. They were joined by former Dodgers owner Peter O’Malley, current president and CEO Stan Kasten, team COO Bob Wolfe, team general counsel Sam Fernandez and actor Edward James Olmos.

Valenzuela’s colleagues on the team’s Spanish-language broadcasts, Jaime Jarrín who retired in 2022 and, José Mota, were there.

___

AP MLB:

The Canadian Press. All rights reserved.



Source link

Continue Reading

Trending