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Cavendish tourism organization hopeful but worried for 2020 season

Tourism Cavendish Beach says it is hopeful the Confederation Bridge and province will reopen to certain visitors as soon as it is safe to do so.



  • News/Canada/PEI

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Summerside egg plant to cease processing operations in June

Officials with Maritime Pride Eggs say their Summerside, P.E.I., egg facility will cease processing operations on June 5.



  • News/Canada/PEI

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Health PEI planning to use section of PE Home for COVID cases from any long-term care home

Health PEI plans to create a COVID-19 unit within the Prince Edward Home to be used for any long-term care resident — living in any long-term care facility on the Island — who is diagnosed with the virus.



  • News/Canada/PEI

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P.E.I. craft breweries seek relief as sales plummet during COVID-19

The craft brewing industry in P.E.I. is suffering, with sales down from about 40 to 80 per cent.



  • News/Canada/PEI

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Islanders show and tell their pandemic creations

With time on their hands, many Islanders have tapped into their creative sides. Some people who are artistic had more time to create and try new things, while others discovered untapped potential as makers. 



  • News/Canada/PEI

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Neighbour relieved Souris gun incident ended peacefully

Sheldon Lavers didn't leave his window for hours Friday night as police negotiated with a man next door who they believed had a gun and was smashing items inside.



  • News/Canada/PEI

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International Art Project Seeks To Transform Flint's Image

Artists from Michigan and around the world are painting 50 murals in Flint to refocus the city's image on art rather than the lead-tainted water crisis.




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Ex-Governor's Phone Seized In Flint Water Probe

Authorities investigating Flint's water crisis have used search warrants to seize from storage the state-owned mobile devices of former Gov. Rick Snyder and 65 other current or former officials, The Associated Press has learned.




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Snyder Speaks Out About Search Warrants In Flint Probe

Former Gov. Rick Snyder says news coverage about search warrants being used to get his state-issued cellphone and computer from government storage in the Flint water investigation is "very sloppy and misleading."




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Michigan Bill Boosts Spending To Combat Lead, Abusive Clergy

A $28.8 million spending bill nearing legislative approval would allocate funding to combat lead in Michigan drinking water systems and investigate sexual assaults by clergy.




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Michigan Orders Flint Hospital To Reduce Legionnaires' Risks

Michigan officials are ordering a Flint hospital to take steps to reduce the risk of exposure to Legionella bacteria and Legionnaires' disease at the facility.




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Charges Dropped Against 8 People In Flint Water Scandal

Prosecutors stunningly dropped all criminal charges Thursday against eight people in the Flint water scandal and pledged to start the investigation from scratch.




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Flint Water Crisis Investigation To Start Over

All remaining criminal charges of city and state officials stemming from the Flint Water Crisis have been dismissed.




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Flint Hears From Prosecutors Who Dropped Water Charges

Prosecutors who dropped charges against eight people in the Flint water scandal explained their decision in a public forum Friday night, telling frustrated, shocked and saddened residents they must look at hundreds of mobile devices and millions of documents that a previous investigative team never reviewed.




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Former Gov. Rick Snyder Will Teach At Harvard

Former Michigan Gov. Rick Snyder is headed to Harvard University to teach, study and write on subjects related to state and local government.




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Ex-FBI Agent Defends Flint Water Probe After Criticism

A former FBI agent who investigated the Flint water scandal says the team was moving toward new charges when new prosecutors took over.




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Former Gov. Snyder Will Not Be Harvard Fellow After Backlash

Former Michigan Gov. Rick Snyder says he won’t continue with a fellowship at Harvard University following backlash over his role in Flint’s water crisis.




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Flint Registry Enrolls Residents Impacted By Water Crisis

The Flint Registry is holding in-person enrollment across the city of Flint all week. Officials are trying to track the health of residents made ill by the Flint Water Crisis.




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Frontline Gets Personal In Flint Water Crisis Film Airing Tuesday Night

Nearly 5 ½ years ago, the water source for the city of Flint was switched in an effort to save money. A disaster followed resulting in deaths, illness and mistrust of government. Tuesday at 10:00 p.m. on WKAR-TV, the documentary series Frontlin e examines the crisis by bringing to light conversations and documents never seen on television before. We spoke with Abby Ellis, the Michigan native who is the film’s director.




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Former City Councilman Neeley Ousts Incumbent Flint Mayor

Voters have elected a new mayor in Flint, Michigan, where recovery from a lead-contaminated water crisis remains a major issue.




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Childhood Well-Being In Flint Improving After Water Crisis

The Flint Water Crisis captured national attention about the dangers of lead contamination in public water supplies. Now, nearly six years after the problem was first detected, health officials are reporting on the well-being of children in Flint.




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Let’s Call It Trumpvirus

If you’re feeling awful, you know who to blame.




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The Presidency Is an Old Boys’ Club

Let’s pick someone who doesn’t keep us awake nights.




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Biden’s Best Bleeping Week

OK, you’re gonna hear a lot about Joementum.




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Well, at Least Trump Hasn’t …

Always look on the bright side of life.




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Trump’s Flounder Period

What this country needs is another group with a very long name.




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Lots to Lose on a Cruise

What happens when voyages go viral.




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BIS global liquidity indicators at end-June 2019

US dollar credit to non-bank borrowers outside the United States grew by 4% year on year at end-June 2019, to reach $11.9 trillion. Foreign currency credit denominated in euros and Japanese yen continued to expand at a faster pace than that in US dollars, growing at annual rates of 9% and 8%, respectively. US dollar credit to emerging market and developing economies (EMDEs) grew at an annual rate of 2% (to reach $3.7 trillion), though growth varied substantially across regions.




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BIS Statistical Bulletin, December 2019

The BIS Statistical Bulletin is published quarterly and summarises all BIS statistics in tabular form. It includes introductions to each data set and a glossary of statistical terms.




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BIS international banking statistics at end-September 2019

Global cross-border bank claims continued to expand rapidly, growing at 9% year on year. As in previous quarters, the expansion was mainly due to claims on the non-bank sector, which grew at 12% year on year. The growth in claims on non-bank financial institutions was particularly strong (+17%). European banks' cross-border lending, which went through a prolonged contraction after the Great Financial Crisis (GFC) of 2007-09, has been expanding again since the start of 2018.




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BIS global liquidity indicators at end-September 2019

US dollar credit to non-bank borrowers outside the United States grew by 5% year on year at end-September 2019, to reach $12.1 trillion. Euro-denominated credit outside the euro area continued to expand at a fast pace (9%). In contrast, the growth rate of yen-denominated credit outside Japan fell to 1%. Strong debt securities issuance drove expansions in US dollar and euro credit to emerging market and developing economies (EMDEs). US dollar credit to EMDEs grew at an annual rate of 3% (to reach $3.8 trillion); euro credit to EMDEs expanded by 9% (to reach €0.7 trillion).




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Residential property prices: selected series (nominal and real)

Global real residential property prices rose 1.4% year/year in aggregate in Q3 2019, reflecting subdued developments both in advanced (+ 1.5%) and emerging market economies (+ 1.3%).




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BIS international banking statistics at end-December 2019

The annual growth rate of global cross-border bank claims fell to 6%, down from 9% at end-September 2019. The short-term share of foreign banks' claims, a key indicator of external vulnerability, is elevated for a number of borrowing emerging market and developing economies (EMDEs). Borrowers in EMDEs had untapped credit lines of $610 billion, or roughly 10% of the stock of global foreign claims on EMDEs at end-2019. Saudi Arabia joined the reporting population for the locational banking statistics (LBS) with data starting from Q4 2017, bringing the number of countries reporting these data to 48.




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Locational banking statistics

The locational banking statistics provide quarterly data on the outstanding claims and liabilities of internationally active banks located in reporting countries against counterparties residing in more than 200 countries. They capture the currency composition of banks' balance sheets and the geographical breakdown of their counterparties.




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Consolidated banking statistics

The consolidated banking statistics provide quarterly data on the worldwide consolidated positions of banks headquartered in reporting countries. They are designed to analyse the exposure of internationally active banks of different nationalities to individual countries and sectors.




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BIS global liquidity indicators at end-December 2019

US dollar credit to non-bank borrowers outside the United States grew by 6% in 2019, to reach $12.2 trillion at end-2019. The annual growth rate of euro-denominated credit outside the euro area slowed to 6%, while that of yen-denominated credit outside Japan turned negative (-1%). In 2019, euro-denominated credit overtook US dollar-denominated credit as the largest stock of foreign currency credit to emerging Europe. The debt securities share in US dollar credit outside the United States has risen considerably over the past decade across a number of major borrowing regions.




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Global liquidity indicators

The term global liquidity is used by the BIS to mean the ease of financing in global financial markets. Credit is among the key indicators of global liquidity, and is the focus of the quarterly indicators estimated by the BIS.




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The Economic Stimulus/Relief-Debt Paradox

Long-term interest rates have remained low despite a surge in the issuance of sovereign debt to mitigate the economic impact of the pandemic.




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Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




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Conflicting Narratives

At a time of conflicting narratives, a range of markets from equities to energy to gold may persist in volatility until one narrative gains the upper hand.




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Equities: A Clash of Narratives

Equities are likely to keep trading in volatile ranges until the many conflicting narratives in the market give way to a singular message for investors.




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Equities: Will Early Trends in Select Sectors Last?

Information technology, health care, and consumer discretionary stocks that outperformed in the last decade have done well in the first four months of 2020.




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Fertilizer Monthly Update – May 2020

See volume, open interest, and other trading highlights for Fertilizer swaps and futures markets offered by CME Group.




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Gold Outshines Silver as Economics Widen Price Ratio

Gold and silver prices often move in tandem, but the gap between them widened by 31% January through April in line with a trend that began nine years ago.




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US Policy Responses to Labor Market Distress

A look at support and regenerative policy initiatives by the Federal Reserve and the Government as more than 20 million jobs were lost in April 2020.




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Biden’s Rise Gives the Establishment One Last Chance

If he fouls this up, we’re doomed.




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Pandemics Kill Compassion, Too

You may not like who you’re about to become.




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The Moral Meaning of the Plague

The virus is a test. We have the freedom to respond.




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Mental Health in the Age of the Coronavirus

The struggle between fear and comfort.




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The Age of Coddling Is Over

Learning what hardship has to teach us.