Latest news with #reserve
Yahoo
6 days ago
- Politics
- Yahoo
Lawyer says tenants 'crushed' by court ruling they must leave B.C. mobile home park
The Chief of the Songhees Nation on Vancouver Island says a group of mobile home park residents on the Nation's reserve are continuing to resist being evicted after losing a court challenge, while the Nation's members live in "unsafe housing, unable to access their own lands." Chief Ron Sam says most the Nation's members can't live on the reserve due to lack of housing, and the Songhees Nation's government gave residents of the mobile home park three years notice to relocate "to make way for urgently needed community housing." The Chief says some residents challenged the eviction in court, and lost the case last month. The court ruling posted Tuesday says residents of E. George Estates Manufactured Home Park have lived there for decades, believing they'd have a "long-term or perpetual interest" in the lands even though they didn't own the properties. A lawyer for the tenants says his clients are "absolutely crushed" after losing a lawsuit challenging their evictions. The park was established in the 1970s and the Songhees Nation took control of it in 2019, then moved two years later to end tenancies of the plaintiffs who are not members of the nation. The ruling says the reserve is overcrowded and the Nation wants to develop the lands for "much-needed housing for its members," telling plaintiffs in June 2021 that they'd have to move out in three years. Justice Veronica Jackson said the court has "a great deal of sympathy" for the plaintiffs, many of them elderly with health problems, but mobile home park tenants anywhere face the prospect of lease terminations, and three years' notice was "more than reasonable." Lawyer Michael Drouillard, representing more than two dozen plaintiffs, said his clients are "overwhelmed" at the prospect of having to leave, and have been given until Aug. 15 to vacate under threat of having their utilities turned off. Drouillard said he has filed an appeal of the ruling, which he said the court delayed releasing publicly for a month "to respect the privacy of the plaintiffs during a period of transition." He said the decision was "absolutely crushing" to the plaintiffs. "Most of them, their finances are now wiped out because they paid a lot of money for these homes that they now have to move and which are actually not really capable of being moved as a practical matter because of the costs and logistics involved," he said. He said one of the plaintiffs had a stroke and is no longer able to take care of himself, and others lack a support network to help them figure out what to do now that they've lost the case. "It's very overwhelming for these folks," he said. The ruling says many of the tenant plaintiffs were under the mistaken impression the mobile home park lands were covered by a 99-year lease, but instead were month-to-month tenants. It says some thought that if they paid their rent and taxes and followed park rules "they could stay forever." The judge said the situation facing the tenants has been a source of "tremendous personal hardship and financial distress." "However, the situation is not of the Songhees Nation's making," Jackson ruled. "None of the plaintiffs were ever entitled to a long-term interest in their sites." Drouillard said he worries that some tenants are at "immediate risk of homelessness" if they're forced to leave by the deadline set out in a letter sent by the Songhees Nation on July 15. "The reason why I'm saying they're at heightened risk for homelessness is because this eviction has both required them to leave, but it's also annihilated their life savings," he said. Chief Sam said in a statement that most of the reserve's residents are not members of the Songhees Nation. "Even after the Nation succeeded on every point in court, some residents are still trying to fight us and prevent us from using our lands to help our members in need," he said. "We cannot move forward with our housing plans until we know the state of the land and any remediation requirements — things that can't happen until the park residents leave." "Meanwhile, our members remain in unsafe housing, unable to access their own lands." The ruling says the park was established in the 1970s and operated by a company owned by a nation member who later died, before the Nation took it over. This report by The Canadian Press was first published July 23, 2025. Darryl Greer, The Canadian Press
Yahoo
13-07-2025
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus.
Yahoo
13-07-2025
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus.
Yahoo
13-07-2025
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
05-07-2025
- Business
- CTV News
Brokenhead Ojibway Nation creates new reserve land in East St. Paul
Sign for the economic development zone of Brokenhead Ojibway Nation is shown. (Scott Anderson/CTV News Winnipeg) More than 60 acres of land in East St. Paul has officially become reserve land for Brokenhead Ojibway Nation (BON). On Friday, July 4, 2025, BON announced the creation of a new reserve on 60.76 acres east of Highway 59 and south of the Perimeter Highway, near the boundary of Winnipeg. BON said it is exploring a range of potential uses for the land, including residential and commercial development, recreation and wellness facilities. 'This site has incredible potential to create jobs, expand services, and support our ongoing work to build a stronger economic future for our Nation,' said Chief Gord Bluesky in a news release. 'It reflects our Nation's commitment to growth, self-reliance, and working in true partnership with our neighbours.' The reserve designation follows 20 years of negotiations with the federal government. BON said the land acquisition will help unlock new economic development opportunities. 'Through the expansion of Brokenhead Ojibway Nation's land base, we are not only advancing reconciliation and fulfilling past obligations under the Treaty Land Entitlement process, we're also creating new opportunities for growth and development,' said Rebecca Alty, federal minister of Crown-Indigenous Relations.
