PIMCO's Cantrill on Possible Impacts of Trump's Tariffs
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
B.C. child watchdog urges more progress 1 year after report into 11-year-old boy's torture and death
One year after a landmark report into the horrific death of an 11-year-old Indigenous boy in foster care called for a "complete overhaul" of B.C.'s child welfare system, the province's child watchdog says the NDP government has a long way to go in improving conditions for the most vulnerable. "We can do so much better for children and families," said B.C.'s representative for children and youth, Jennifer Charlesworth. Charlesworth says she's worried that as the province faces a $10.9 billion deficit, key social services that keep families out of poverty and children safe will be cut. "What we worry, because we have seen it many times … is that what gets cut are social programs. What gets cut are the very things that help stabilize and support families through those difficult times," she said. "Poverty has a direct impact on child well-being." Charlesworth was speaking one year after the report into the 2021 death of an 11-year-old boy, who was beaten and tortured by the foster parents who were meant to care for him. That report, Don't Look Away, included recommendations to fix what Charlesworth calls an "outdated, siloed, discriminatory" child welfare system that requires "a complete overhaul." The report detailed the many missteps by the Ministry of Children and Family Development and a number of other agencies that contributed to the child's death. Charlesworth called on the government to create a new child welfare strategy which includes more accountability for child welfare workers and helps First Nations take responsibility for child welfare in their communities. The government has not yet completed the new child welfare strategy and provided no timeline for when it will be done. Charlesworth says action is still needed on providing support to vulnerable families, including preventative services such as a basic income and housing. The report also calls for more work on preventing violence within the home and providing more resources to extended family caregivers. "In the absence of doing the preventative services, we see very expensive services needed to be provided when a child is older, when the family is in a significant state of crisis or when the child has come into care," Charlesworth said. She says, for example, staffed group homes can cost up to $100,000 a month per child. "Surely, we can do much more and much better for many families, with $1.2 million that might [be the] cost [of] the housing of one child with very significant needs, if we backed up the bus." Short-staffing must be addressed, Charlesworth says Charlesworth also says the government must address the short-staffing among child welfare workers that can allow children to fall through the cracks. She says demand outstrips the current workforce capacity in the child welfare system. Jodie Wickens, the minister of children and family development, says her office has added tools for oversight and tracking to make sure social workers are visiting children and youth at least once every 90 days. According to the report, social workers had not visited the 11-year-old or his sister in seven months before he was found badly beaten in February 2021. The child was flown to a hospital in Vancouver, where he later died. The identities of the boy and his sister are protected by a publication ban on children in care, but he is referred to as Colby in the report. Wickens said her ministry has increased its workforce by almost 20 per cent in the last two years to address short-staffing concerns. However, Charlesworth says those numbers seem "inflated" because the government is filling vacant positions, not increasing the overall staffing level of front-line social workers. "So staffing has increased ... but too many workers say they can't fulfil their responsibilities to children with their current caseload," Charlesworth said. First Nations child welfare agreements Wickens says the government has hired a new Indigenous child-welfare director, Jeremy Y'in Neduklhchulh Williams. "He is the first of this kind in the entire country," Wickens told CBC News. He is helping facilitate agreements with First Nations who want to reclaim jurisdiction over child welfare. The province has signed agreements with 12 Nations, and dozens more are being negotiated. Charlesworth says none of those 12 First Nations have consented to oversight from her office. She says she's concerned about the possibility of children falling through the cracks during the "transitional period" when First Nations communities are taking over jurisdiction from government agencies. The Indigenous child-welfare director's role includes ensuring that doesn't happen, says Wickens, and "ensuring that there is communication and co-ordination and that roles and responsibilities are clearly outlined." Charlesworth says new training has been delivered to over 800 child welfare workers to ensure that they are better prepared to work with Nations that are taking over child and family services from the government. Charlesworth also says the government has not done enough to tap into the knowledge of First Nations communities and other community services to find better ways to support children and families. Colby was a member of a First Nation in the Fraser Valley. Colby and his sister were placed in the care of his mother's cousin and her partner. This was despite the mother asking that the kids stay with their grandmother, and despite recorded allegations of sexualized violence involving the cousin's partner. According to the report, Colby asked several times not to be sent back to the home. In 2023, the foster parents were sentenced to 10 years in prison for aggravated assault of the boy and his sister, and manslaughter.
Yahoo
23 minutes ago
- Yahoo
Trump Curses as White House Faith Office Lunch Takes Bizarre Turn
Things got a bit awkward during the White House Faith Office luncheon on Monday. Not only did President Donald Trump curse in front of faith leaders—calling Biden-era indictments against him 'bulls--t'—he raged that he he had been investigated more than the gangster Al Capone, bragged he has 'always made money,' and incorrectly claimed gas prices are the lowest they have been in 50 years. Those topics did not appear to be part of Trump's prepared remarks. As he addressed assembled religious business leaders from the podium, he looked down occasionally at his speech but went off on tangents as he worked his way through the text. 'I've ended the radical left war on faith, and we're once again protecting religious freedom instead of destroying it, and God is once again welcomed back into our public square,' Trump said, clearly part of his prepared remarks. Trump, 79, compared himself to Capone moments later. He characterized the notorious gangster, believed to have murdered over 200 people, as 'great.' 'I was under investigation more than the late, great, Alphonse Capone,' Trump said. 'Think of it. Al Capone would kill people for dinner. If he left the room and he didn't like him, he'd have him shot, killed, buried under a building someplace, as part of the foundation of a building. They're all over the place, and I said I had more time under investigation than the legendary Alphonse Capone, or probably anybody else.' Trump then misremembered that he had been indicted four times in 2023, not five. 'The one thing I did that was very helpful, I was indicted five times. Indicted, that wasn't a word that was in—my father's looking down, my mother's looking down, that my son's not supposed to be indicted,' he said. 'I think I got indicted five times, impeached two times. All bulls--t, right? Terrible stuff.' The luncheon crowd, comprising 60 CEOs and business leaders who donate to faith-aligned charities, did not appear to mind the president's meandering, as they clapped and cheered throughout his speech as he rambled. 'Gas prices have reached the lowest level in five decades,' Trump remarked at one point. 'Actually, it's going to be, we're going to see some really good numbers where, you know, drill, baby drill, drill, baby drill. I've got to make sure that people can afford to produce the gas. ... 'But the gas has gotten to the lowest level in decades, and you're seeing $1.99 $1.98. I saw $1.95 at certain states, not California, because every time it goes down, they add taxes onto it,' Trump rambled. 'All they do is they keep adding taxes. Terrible governor, doesn't know what he's doing. He may be, he may be a candidate, but if you, if you go by success, you can't have him be a candidate.' Fox News reported that the White House luncheon is the 'first event of its kind.' The White House Faith Office was created by executive order in February. Trump grew up in a Reformed Church but rarely attends services as an adult. He has made a habit of name-dropping God since entering politics a decade ago, and he won the presidency in 2016 off the backs of Evangelical voters who later became his MAGA base.
Yahoo
24 minutes ago
- Yahoo
Galaxy Schedules Webcast and Investor Call to Review Second Quarter 2025 Results on August 5, 2025
NEW YORK, July 15, 2025 /CNW/ - Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) ("Galaxy" or the "Company") is pleased to announce that it will report second quarter 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday August 5th, 2025. Michael Novogratz, CEO and Founder of Galaxy, and members of management will host a conference call to provide an update to investors and analysts on the Company's activities and results on the same day at 8:30 AM Eastern Time. A live webcast will be available at The conference call can also be accessed by investors and analysts in the United States or Canada by dialing 1-844-746-0741, or +1-412-317-5107(outside the U.S. and Canada) using the Conference ID: 2449863. A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company's Investor Relations website. About Galaxy Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Disclaimers The TSX has neither approved nor disapproved the contents of this press release. View original content to download multimedia: SOURCE Galaxy Digital Inc. View original content to download multimedia:
