Category: Business

At the right-wing news channel One America News Network, “there’s still serious doubts about who’s actually president,” as OAN correspondent Pearson Sharp said in a March 28 report. OAN “has become a kind of Trump TV for the post-Trump age,” The New York Times reported Sunday, and some of its “coverage has not had the […]

The Biden administration is considering measures that would force tobacco companies to reduce the amount of nicotine in all cigarettes to nonaddictive or minimally addictive levels, people familiar with the matter told The Wall Street Journal. The administration is also weighing whether to ban menthol cigarettes, the Journal reports. Federal data shows that every year, […]

Some accountants who specialize in preparing personal income tax forms are calling for Ottawa to extend the April 30 filing deadline. To illustrate why, Vicki Burgess points out the instrumental music in the background. “That’s Revenue Canada on hold. It plays here probably half of every day,” said Burgess of Burgess Kilpatrick, a small accounting […]

Bankruptcy, especially as portrayed by bankruptcy lawyers, promises “a fresh start from your debts,” John Oliver said on Sunday’s Last Week Tonight. Between 800,000 and 1.5 million Americans file for bankruptcy each year, “and many worry that once the current pandemic assistance stops, more and more people will need the type of help” bankruptcy offers. […]

During an appearance on Fox News Sunday, Sen. John Cornyn (R-Texas) said if an infrastructure bill is introduced with an $800 billion price tag, that’s one Republicans “could pass.” “Let’s do it and leave the rest for another day and another fight,” he added. President Biden has proposed a $2.3 trillion infrastructure plan that would […]

A specialty products sawmill in Quesnel that fell into bankruptcy last summer will reopen at the end of this month after being taken over by Richmond-company Kandola Forest Products. KFP president Neal Kandola said the mill — which turns lumber into engineered wood, wall panelling, shiplap and glulam products — would rehire around 90 experienced […]

Canadians of colour are somewhat more drawn to cannabis consumption than the general population, according to a giant consumer survey. People of colour are more likely to have used cannabis in the past three months, more likely to believe it’s less harmful than alcohol and more likely to find cannabis marketing “trendy and innovative,” suggests […]

Consumer bankruptcies and debt-settlements in B.C. have plummeted during COVID-19, which sounds like a good thing, but insolvency trustees worry that troubles lurk beneath the surface. Government assistance programs and bank payment deferrals have cushioned the economic blows of the pandemic for many, but once those all end in the coming months, financial stresses will […]

The futuristic vision of bullet trains shooting down a corridor from Vancouver through Seattle to Portland, supercharging the Cascadia region’s tech sector, is still being sketched out, despite the intrusion of a global pandemic. Washington state’s Department of Transportation produced a “Framework for the Future” last year that lays out a path to move the […]

NASA on Friday tapped SpaceX to help bring humans back to the moon later this decade as part of its Artemis Program. The agency announced Friday that it will award Elon Musk’s company a $2.89 billion contract for the development of its Starship vehicle, an uncrewed flight test to the moon, and, finally, a crewed […]

Health officials need to break from the vaccination plan it wrote before COVID-19’s third wave and use B.C.’s vaccine doses to stem the spread in Surrey, which is being hit disproportionately hard, an infectious disease expert argues. “The landscape has changed compared to when you originally designed the program,” said Dr. Brian Conway, medical director […]

It reads like a storyline for a sit-com, or the opening line of a satire. So, a family company that began in the Ozarks with good Christian values that owns Dolly Parton’s amusement park, the Harlem Globetrotters, and aquariums in Kentucky and New Jersey, buys a public aquarium in the city that spawned both Greenpeace […]

Farming is a risky business. According to Kristjan Hebert, reducing that risk comes down to numbers. “You used to be able to blame financial losses on the weather,” he says, “You can’t do that anymore.” He uses an 8,000-acre (32 square kilometre) farm as an example. To him, that’s one seeder, two combines, one sprayer […]

The Senate on Wednesday confirmed President Biden’s pick to lead the Securities and Exchange Commission, Gary Gensler, 53 to 45. Gensler, a former Goldman Sachs partner who cracked down on Wall Street as head of the Commodity Futures Trading Commission after the 2008 financial crisis, has laid out an ambitious ramping up of regulatory enforcement […]

A look at sales of buildings involving the current owner of Vancouver Grace Seniors Home to non-profit groups to build affordable housing reveals how low-income housing for Chinese seniors is being lost. There is high demand and long waitlists for housing and care options that cater to East Asians of all incomes, according to a […]

IRS Commissioner Charles Rettig told the Senate Finance Committee on Tuesday that the gap between federal taxes owed and paid “could approach and possibly exceed $1 trillion per year,” more than double the official estimate of $441 billion. IRS research shows that $175 billion of those underpayments come from the wealthiest Americans, Rettig said, and […]