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The Canadian Press

Loeffler’s wealth, Trump loyalty face scrutiny in Georgia

ATLANTA — In the fight to retain her U.S. Senate seat, Republican Kelly Loeffler has boasted she is “more conservative than Attila the Hun” and has a “100% Trump voting record.” She has backed the president’s baseless allegations of voting fraud and rallied with a far-right candidate who expressed support for a conspiracy theory that sees Democrats as part of a Satanic child sex ring.
It’s not the type of campaign that supporters expected from the superrich former finance executive. Before she entered politics in 2019, Loeffler ran in Atlanta’s elite circles and didn’t appear fired up by ultraconservative zeal. Her appointment to the Senate by Gov. Brian Kemp in December last year was widely seen as a way for the Georgia GOP to appeal to moderate suburban women.
So as she heads into a runoff election on Jan. 5 against Democrat Raphael Warnock, Loeffler, 50, faces lingering questions about her political identity and her alignment with President Donald Trump. With Democrat Joe Biden in the White House, would she be the pro-Trump firebrand who slammed Black Lives Matter and claimed Democrats want to overturn the country’s way of life? Or would she heed the plea for bipartisanship made in a farewell speech by her predecessor, retired Republican Sen. Johnny Isakson?
Loeffler has no political experience other than her year in the Senate, and her campaign has not focused on detailed policy proposals that might offer clues about a future approach. For critics, that leaves her background to parse.
For years, Loeffler was a deep-pocketed donor to mainstream Republicans. She and her husband, Jeff Sprecher, hobnobbed with Mitt Romney and contributed hundreds of thousands of dollars to support his presidential campaign in 2012, when he was the party’s nominee. She has also helped Maine Sen. Susan Collins and Democrat Chris Dodd.
Loeffler also has shown some inclination toward bipartisan comity. As co-owner of the Atlanta Dream, a WNBA team, she posed with Democrat Stacey Abrams on the court when Abrams was running for governor of Georgia in 2018.
In one of her first public appearances after being appointed senator, Loeffler followed Isakson’s example and attended a ceremony on the Martin Luther King Jr. holiday at Ebenezer Baptist Church, where King preached and Warnock is now pastor. Isakson regularly went to Ebenezer on the holiday.
Critics say Loeffler took a hard-right turn once she drew a challenge from staunch Trump ally and fellow Republican Doug Collins. Collins, a member of the U.S. House, attacked her for donating to Romney and appearing with Abrams. On the other side of the coin, Loeffler’s campaign accused Collins of voting with Abrams more than 300 times when they were in the state legislature together.
Loeffler soon went out of her way to hype her conservative credentials — most notably campaigning with Marjorie Taylor Greene even after the GOP nominee for Congress in northern Georgia made racists remarks and embraced the online conspiracy fiction QAnon in a video. QAnon supporters believe Trump is waging a secret campaign against enemies in the “deep state” and a child sex trafficking ring they say is linked to Democrats.
Loeffler’s moves have not won over some of her targeted voters.
“She’s not genuine, and if she’s elected, I fully believe she will be another Romney moderate Republican, that she will revert back to her true self,” said Debbie Dooley, a national tea party organizer in Georgia. Dooley said she was not going to vote for Loeffler, but would cast a ballot for Georgia’s other Republican senator in a runoff, David Perdue.
Loeffler’s campaign did not make her available for an interview and did not respond to questions sent by email. She has insisted, however, that she is a lifelong conservative, and since her appointment she has railed against socialism, abortion and gun restrictions.
In July, amid protests following the killing of George Floyd, she sent a letter to the commissioner of the WNBA objecting to the league’s plans to honour the Black Lives Matter movement, saying it “promoted violence and destruction across the country.” Players on her team — many of whom are Black — responded by wearing “Vote Warnock” T-shirts. Loeffler doubled down on her criticism, saying the protest was “more proof that the out-of-control cancel culture wants to shut out anyone who disagrees with them.”
Loeffler has refused to acknowledge Trump’s loss to Biden. She expressed support for a far-fetched lawsuit by the attorney general of Texas demanding that justices toss Electoral College votes in four states, including her state of Georgia, where Kemp certified them. The U.S. Supreme Court rejected the suit.
Former Republican Sen. Saxby Chambliss, who also represented Georgia, said he is confident that Loeffler will find ways to work with Democrats if she continues in the Senate.
“She’s on a very steep learning curve right now,” he said. “I think over the last year she has gotten a real appreciation for the job, of what it means to be a senator, and I think she’s learning that you have to develop relationships across the aisle.”
At her core, Loeffler is a real conservative, said Cole Muzio, a former Republican consultant who heads an influential conservative policy group in Georgia.
“I think she ran a very authentic campaign in terms of her conservative credentials,” he said. “I think at the same time, a lot of the attacks on her hindered the ability from the outset to really share a lot of her personal narrative, which I think has sometimes gotten lost.”
Loeffler has tried to play up that backstory. In an early ad, she stressed her roots “working in the fields” and “showing cattle” while growing up on her family’s farm and said she waited tables to pay for school.
“We lived simply,” she has said. “Life revolved around farming, church, school and 4-H.”
Today, Loeffler is among the wealthiest members of Congress. In 2009, she and her husband spent more than $10 million on a European-style mansion named Descante in Atlanta’s tony Buckhead neighbourhood. She loaned her campaign more than $20 million before beating Collins in November to advance to the runoff and has travelled the state in her private jet.
She earned an MBA from DePaul University and worked in financial services before moving to Georgia in 2002 and joining Intercontinental Exchange, a company founded by Sprecher that operates the New York Stock Exchange and other marketplaces for securities and commodities. Sprecher is still the company’s CEO.
Loeffler’s connection to the company poses potentially deep conflicts of interest on Senate matters dealing with the regulation of financial markets. Loeffler told the Atlanta Journal-Constitution in a statement in February that she would never take a vote that benefits her or her family.
The senator has also faced scrutiny for offloading parts of her investment portfolio and purchasing new stocks as Congress was receiving briefings on the growing threat of the coronavirus pandemic. She has said she played no part in the trades and has not attempted to profit from her time in the Senate.
“I’m here because I’ve earned everything I got,” she said at a debate in October when Collins was still in the race. “I am the true conservative.”

Sudhin Thanawala, The Associated Press

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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

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S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

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