Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days…
What Does It Mean – Mark Carney, former governor of the Bank of Canada and Bank of England, secured the Liberal Party of Canada leadership with 86% of the vote, positioning him to replace Justin Trudeau as prime minister within days. His victory comes amid economic challenges posed by U.S. President Donald Trump’s administration. Carney’s extensive financial expertise is expected to shape Canada’s response to these pressures. The transition may prompt an imminent national election, signaling a strategic shift in governance. This leadership change underscores a critical juncture for Canada’s economic and political landscape. Read more.
Stock Meltdown Fuels Worst Nasdaq Day Since 2022…
What Does It Mean – A sharp decline in major U.S. stock indices reflects escalating economic concerns driven by anticipated tariffs and government downsizing, threatening global growth. The S&P 500, heavily impacted by a big tech selloff, neared correction territory with an 8.6% drop from its peak. The Nasdaq 100 experienced its steepest single-day fall since 2022, while the Magnificent Seven megacap index plummeted 5.4%. Treasury yields dropped as investors sought safety amid recession fears, anticipating Federal Reserve rate cuts. Bitcoin also fell below $80,000, underscoring broad market unease. Read more.
Volatility Traders Revel in S&P 500’s Wild Tariff-Driven Swings…
What Does It Mean – Volatility traders are capitalizing on significant S&P 500 fluctuations triggered by President Donald Trump’s trade policies. The CBOE Volatility Index spiked above 26 intraday last week, a peak not consistently observed since the 2020-2022 Covid period. February saw zero-day-to-expiry options volume hit a record share, while intraday swings reached their widest since August’s volatility surge. For traders like Kris McConnell, a Las Vegas-based day trader, these conditions have boosted profits by 80% compared to 2024’s steadier markets, reducing the need for overnight trading sessions. Read more.
China’s Inflation Declines Below Zero for First Time in Year…
What Does It Mean – China’s consumer inflation fell to -0.7% year-over-year, dipping below zero for the first time in 13 months, as reported by the National Bureau of Statistics. This marked a significant decline from the prior month’s 0.5% increase, undershooting analyst expectations of a 0.4% drop. The deflationary shift, though influenced by seasonal distortions in February’s data, highlights persistent downward pressure on prices within the world’s second-largest economy. This aligns with China setting its inflation target at a 20-year low, signaling ongoing economic challenges. Read more.
One moment, calm waters. The next, a 900-pound dolphin landed on their boat…
A placid fishing trip turned “berserk” for three New Zealand men when a dolphin weighing more than 400 kilograms (900 pounds) appeared to fall out of the sky before crash-landing in their small boat.
No one was badly hurt when the 3.4 meter (11-foot) bottlenose dolphin jumped aboard the open-top boat Friday, said Dean Harrison, the owner of the nearly 16-foot vessel.
Harrison and two companions were fishing near the Hole in the Rock, a picturesque spot off the far north coast of New Zealand’s North Island, while dolphins frolicked ahead. The men saw a shadow across the bright summer sun and heard an almighty boom — before chaos unfolded.
“This one decided to jump on board and say hello,” Harrison said. “One minute everything was fine and then just like lightning striking, there’s a big dolphin in our boat thrashing around and breaking everything.”
The creature’s flailing snapped “every single fishing rod we had in the boat” and severely damaged the bow as the trio clung to the sides of the vessel, said Harrison. One man had minor injuries to his arm where the juvenile male dolphin grazed his back and shoulder, but all three fishermen and the dolphin were otherwise uninjured.
But returning the majestic creature to the sea was not an option for the trio due to its size.
“We looked at the dolphin still alive and breathing and we thought, we’ve got to start looking after him and figure out what to do,” Harrison said. “Because he’s stuck in the boat for now, so he’s coming along for the ride.”
The men alerted New Zealand’s conservation agency and were directed to a boat ramp an hour away, where workers waited to help the dolphin. On the way, the trio used a hose to keep the creature wet and protected it from the sun using a damp towel.
On shore, members of a local Māori tribe prayed for the dolphin before it was returned to the ocean using a tractor. Helpers gave the 2- 3-year-old creature a name: Tohu, which means “sign” in the Māori language.
Tohu is now also the name of Dean Harrison’s boat.
“The dolphin got to swim away, and we got to walk away and we’ve all got a story to tell,” he said. “It’s a good ending in a situation that could have been very different.”
“When the facts change, I change my mind.
What do you do?” ~ John Maynard Keynes
Our plan is “the plan will change.”
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