06 Market

Colombian Leaders Embarrassed by President Petro After Backing Down from Trump Threats– townhall.com

pgnewser January 28, 2025 0

Colombian Leaders Embarrassed by President Petro After Backing Down from Trump Threats– townhall.com
Source Link
Excerpt:

Colombian political leaders are calling for the impeachment of President Gustavo Petro, citing his recent public feud with President Donald Trump as a source of national embarrassment. Critics argue that Petro’s short-lived “trade war” with Trump damaged Colombia’s international reputation, particularly in its relations with the United States. The controversy stemmed from Petro refusing deportation flights from the U.S., which resulted in Trump threatening the nation with harsh tariffs. Petro then tried to turn the table on Trump and threaten him with a 50 percent tariff on U.S. goods.

 

Facebook, X, YouTube to do more against online hate speech, EU says – Reuters

pgnewser January 27, 2025 0

Facebook, X, YouTube to do more against online hate speech, EU says – Reuters
Source Link
Excerpt:

 Meta’s (META.O), opens new tab Facebook, Elon Musk’s X, Google’s (GOOGL.O), opens new tab YouTube and other tech companies have agreed to do more to tackle online hate speech under an updated code of conduct that will now be integrated into EU tech rules, the European Commission said on Monday.
Other signatories to the voluntary code set up in May 2016 are Dailymotion, Instagram, Jeuxvideo.com, LinkedIn, Microsoft (MSFT.O), opens new tab hosted consumer services, Snapchat, Rakuten Viber, TikTok and Twitch.

Canada Faces 9 More Months of Anti-Liberty Rule

pgnewser January 27, 2025 0

Canadians must wait until October 20, 2025, to remove the leftist scourge currently occupying its lands in the form of the Liberal Party under far-left authoritarian extremist Justin Trudeau. As of right now, polling shows the Liberal party is 27 points behind the Conservative party, with Liberals getting 20 percent support to the Conservatives’ 47 percent.

President Trump is continuing to threaten Canada with tariffs to offset what he claims is a bad trade deal for the U.S. The Liberal government is doubling down, threatening to match Trump’s tariffs with their own tariffs, and even bans on selling energy to the U.S. Pierre Poilievre appears ready to deal with Trump, but 9 months is a long time for America to wait for a good faith negotiator.

Pierre Poilievre: The Conservative Leader Set to Transform Canada’s Political Landscape – MSN
Source Link
Excerpt:

Canada’s political landscape is shifting as Conservative leader Pierre Poilievre emerges as a strong contender following Trudeau’s resignation. Recent polls show Conservatives with 47% voter support, compared to the Liberal Party’s 20%, indicating a significant shift in political preferences.

Poilievre’s leadership reflects growing public dissatisfaction with current policies, driven by economic challenges and social changes. Consistent polling results show strong support for Conservative positions across various demographic groups, highlighting a readiness for new approaches to governance and policy-making.

Canada inquiry found no evidence of ‘traitors’ in parliament, but warns against disinformation  ABC News

Bank of Canada cuts rates, says tariff war could be very damaging  Reuters

LA wildfire insurance-loss estimates approach $40bn– www.moneyweb.co.za

pgnewser January 15, 2025 0

LA wildfire insurance-loss estimates approach $40bn– www.moneyweb.co.za
Source Link
Excerpt:

The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion.

The fresh figure Tuesday from Keefe Bruyette & Woods analysts is double their rough initial estimate from just a day earlier. In a note to clients, they cited “continuing upside insured loss potential” as the fires across the region remain largely uncontrolled. Their most optimistic scenario implies insured losses of $25 billion.

Los Angeles is bracing for increased fire risk through at least Wednesday as hot, dry winds pummel the area. After raging for a week, the blazes killed at least 24 people and incinerated entire neighbourhoods.

The containment of the Palisades and Eaton fires, which unleashed the most devastation over the past week, stood at 17% and 35%, respectively, as of Tuesday, according to California’s Department of Forestry and Fire Protection.

Allstate Corp, Travelers Cos and Chubb are the firms that could face the most gross primary losses from the fires, according to the KBW analysts.

However, insurers for high-net-worth homeowners such as Chubb, American International Group and Cincinnati Financial Corp, may have

Tyler Perry blasts insurance companies over ‘greed’ amid LA fires – USA TODAY

pgnewser January 15, 2025 0

Tyler Perry blasts insurance companies over ‘greed’ amid LA fires – USA TODAY
Source Link
Excerpt:

Tyler Perry is speaking out against insurance companies amid devastating Los Angeles wildfires.

The movie producer took to Instagram Sunday to voice his dissatisfaction with insurance providers who have canceled plans in the state as wildfires become more common.

“Does anyone else find it appalling that insurance companies can take billions of dollars out of communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich on?” Perry wrote.

Billionaire couple faces criticism over water control during Los Angeles wildfires – Yeni Şafak English

pgnewser January 15, 2025 0

Billionaire couple faces criticism over water control during Los Angeles wildfires – Yeni Şafak English
Source Link
Excerpt:

Stewart and Lynda Resnick, a billionaire couple who own around 60% of an important California water resource, have come under intense criticism for using more water than every home in Los Angeles combined, with critics arguing that their actions may be hindering efforts to contain the city’s ongoing wildfires.

The Resnicks, California’s wealthiest farming family, with a $13 billion fortune, have come under renewed criticism for their alleged overuse of water during Los Angeles’ worst wildfires in history, according to the UK’s Daily Mail.

The controversy traces back to 1994, when their advisors played a key role in the Monterey Plus Agreement, a deal that transferred the taxpayer-funded Kern Water Bank from public ownership to private control.

Originally designed to ensure a stable water supply during droughts, the bank is now seen as a tool benefiting private interests.

Mark Zuckerberg Tells Joe Rogan That Biden Admin Would ‘Scream’ And ‘Curse’ At Meta Employees To Censor ‘True’ Content– dailycaller.com

pgnewser January 10, 2025 0

Mark Zuckerberg Tells Joe Rogan That Biden Admin Would ‘Scream’ And ‘Curse’ At Meta Employees To Censor ‘True’ Content– dailycaller.com
Source Link
Excerpt:

Meta CEO Mark Zuckerberg told podcast host Joe Rogan on Friday that officials in President Joe Biden’s administration would yell and hurl profanities at his company’s employees over content censorship.

The Biden administration pushed Facebook to censor posts about COVID-19 that it deemed misinformation, according to documents published by House Judiciary Committee chairman Jim Jordan in July 2023. Zuckerberg, on “The Joe Rogan Experience,” revealed that also Meta faced investigations and backlash after Biden accused Facebook of “killing people” in July 2021 for not censoring so-called COVID-19 misinformation.

WATCH:

 

?u=https%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.XsEsrHEm6nWr4NtOrb1v5AHaDt%26pid%3DApi&f=1&ipt=dddfa606adef3cf2d4775654934f757b5485d472b32153f3402f3a5d09951226&ipo=images

Meta Walks Back for Censorship as the Trump Presidency Looms

pgnewser January 9, 2025 0

Meta employees criticize Zuckerberg decisions to end fact-checking, add Dana White to board – CNBC
Source Link
Excerpt:

  • Meta employees took to their internal forum, criticizing the company’s decision to end third-party fact-checking on its services two weeks before President-elect Donald Trump’s inauguration.
  • One worker said it appears Meta is “sending a bigger, stronger message to people that facts no longer matter, and conflating that with a victory for free speech.”
  • The announcement comes a day after Meta announced that UFC CEO and longtime Trump friend Dana White is joining the board.