Tuesday, May 17, 2022

1 million COVID-19 deaths in the United States


ABC News on Youtube shows that in less than two and a half years, one million people in the United States have died from COVID-19. More than 250,000 children have lost a parent or caregiver to the virus.

Monday, May 9, 2022

Bitcoin falls to more than 50 per cent below its all-time high


Bitcoin certainly fell to more than 50 per cent below its all-time high. Crypto plunges again and again, it seems.

The valuable Bitcoin cryptocurrency was down 10 per cent Monday after decreasing again over the weekend. Bitcoin prices have now plummeted nearly 20 per cent in the past week. At a price of about US$31K, bitcoin is more than 50 per cent below its record high of near US$69K from late last year and at its lowest point since July 2021.

Other cryptocurrencies, sometimes referred to as altcoins, also decreased a lot. Ethereum, binance, solana and cardano are all down about 15 per cent in the past week, while Elon Musk's so-called dogecoin fell 10 per cent.

Keep in mind, it seems that Bitcoin is not immune to the global inflation risk spreading across most other asset classes. The falling Bitcoin trend is likely to continue.

Bitcoin seems to be hit by the same problems that cause falling stocks.

Inflation fears, worries about big interest rate hikes from the Federal Reserve and fears of a possible economic slowdown certainly exist.

Some investors think that Bitcoin could fall as low as US$20K by the end of the year.

Broker Coinbase Stock price fell 17 per cent Monday and is down more than 65 per cent this year.

"Robinhood" (also used to trade cryptocurrencies) has fallen more than 45 per cent in 2022.

Is COVID-19 becoming more like the flu?


CBC News on Youtube certainly shows how Respirologist Doctor Samir Gupta discusses virus COVID-19 on Canada Tonight. 'We are becoming a more immune population,' he said.

Majority of Canadian non-homeowners have “given up” on buying a home, poll finds


Global News in Canada shows that the dream of homeownership is looking increasingly bleak for a majority of Canadians shut out of the so-called housing market, according to a new poll from Ipsos.

The survey conducted exclusively for Global News shows six out of 10 (63 per cent) non-homeowners have "given up" on ever owning a home. 

That sentiment is highest in British Columbia, Quebec and Ontario, the polling shows.  

Anne Gaviola reports on the new findings, and whether measures meant to clear a path to homeownership will certainly have an impact.

High-tech gear to protect Canada's naval ship from rust


CBC News on Youtube shows that the Canadian government is seeking high-tech solutions such as ultrasound devices, magnetic sensors and drones to protect the ships of the Royal Canadian Navy from corrosion.

Gas prices across Canada hitting near or above $2


CBC News on Youtube shows the gas story.

CBC News looks at rising expensive gas prices across the country and discusses how long they'll continue to climb, indeed.

Canada’s COVID-19 emergency benefits come to an end


Global News on Youtube:

On this episode of Global national: They were a lifeline for countless Canadians during the pandemic. But Canada’s remaining COVID-19 emergency benefits expire this weekend. The federal government points to Canada’s record-low unemployment as evidence the programs are needed no longer. Abigail Bimman reports.

Ukraine’s deputy prime minister says all women, children and seniors were evacuated from the Azovstal steel plant in Mariupol. The plant has been under siege for weeks and remains the last Ukrainian outpost in the strategic port city. As Reggie Cecchini reports, Russian forces are working to complete their conquest of Mariupol in time for Victory Day.

Ukrainians are relying heavily on foreign donations to repel the Russian invasion. But, Ukrainians themselves are also providing supplies and transporting them across the whole country to people in need. As Crystal Goomansingh reports, those volunteers are proving to be a critical link in the conflict.

The Conservative leadership candidates are gathering this week for the party’s indeed first official debate. All six candidates are expected to be there and after this week’s unofficial debate descended into a verbal brawl, many are expecting more fireworks. Eric Sorensen spoke to former leadership candidate Peter McKay on the West Block to hear his thoughts on the debate.

Russia’s war in Ukraine has caused turmoil in international commodity markets, raising prices at the grocery store. The latest item affected is cooking oil. Ukraine makes up nearly half the world’s sunflower oil exports and with those supplies stalling, the price for other oils has skyrocketed. As Dan Spector explains, a major move by another player in the global market could have significant consequences in Canada.

How far would you go for your favorite slice of pizza? One Ontario-born man who now lives in British Columbia went to extreme lengths for a taste of home. Kylie Stanton explains.