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CPP Investments sees rate hikes, stronger dollar offset its gains

Published Tue, 25 Feb 2025 11:16:43 GMT

TORONTO — The Canada Pension Plan Investment Board says its net return amounted to a loss of 0.8 per cent last quarter.The country’s largest pension fund manager says its net assets as of June 30 totalled $575 billion, up from $570 billion at the end of the previous quarter.Chief executive John Graham says the gains were offset by higher interest rates as well as a stronger Canadian dollar compared to the U.S. dollar and other major currencies.The Toronto-based fund manager says investments in public equities and renewable energy as well as gains by external portfolio managers all added to the quarter’s results, while investments in credit and real assets stayed fairly flat.However, CPP Investments says fixed income assets declined in value due to higher interest rates set off by central banks, and foreign exchange losses negated any other gains.Over a 10-year period, CPP Investments says its cumulative net income totalled $314 billion, with a 9.8 per cent net nominal re...

Rising flood risks threaten many water and sewage treatment plants across the US

Published Tue, 25 Feb 2025 11:16:43 GMT

LUDLOW, Vermont (AP) — The crack of a summer thunderstorm once comforted people in Ludlow, Vermont. But that was before a storm dropped eight inches of rain on the village of 2,200 in two days last month. And it was before the devastation of Tropical Storm Irene in 2011. Now a coming rainstorm can stir panic.“We could lose everything again,” said Brendan McNamara, Ludlow’s municipal manager.The rainfall that walloped Vermont last month hit Ludlow so hard that floodwaters carried away cars and wiped out roads. It sent mud and debris into homes and businesses and forced officials to close a main road for days. Thankfully, the facility that keeps the village’s drinking water safe was built at elevation and survived. But its sewage plant fared less well. Flooding tore through it, uprooting chunks of road, damaging buildings and sweeping sewage from treatment tanks into the river. Even now the plant can only handle half its normal load.It’s not just Ludlow. Water infrastructure across th...

Travelers return to Chicago from Hawaii amid deadly fires

Published Tue, 25 Feb 2025 11:16:43 GMT

CHICAGO -- One of the first flights from Hawaii landed in Chicago Thursday morning as the deadly fires burn through Hawaii.Travellers have been trying to evacuate for the last 48 hours but haven't been able to due to road closures.An Illinois resident who landed at O'Hare Thursday morning was one of the first travelers to leave Maui as the fire spread throughout the island."We had power outage for about 36 hours, there were hurricane winds. It was really bad," Mark Mautino from Spring Valley, Illinois said. He and his wife got off the island before the fires spread but road closures kept them close to the resort. "We went for a walk. We turned the corner and Laianna was just on fire," Mautino said. Lahaina Maui, Photo Courtesy of Mark MuatinoAt least 36 people have died from the fires. Hurricane Dora winds whipped up brush fires that have now devastated the island. Some people were fortunate enough to jump in the Pacific Ocean to escape the smoke and flames. Mautino said it looked l...

Paddleboarder discovers body of Wilmette man in Lake Michigan

Published Tue, 25 Feb 2025 11:16:43 GMT

WILMETTE, Ill. — A paddleboarder discovered the body of a Wilmette resident in Lake Michigan Wednesday evening.Just after 5:10 p.m., authorities responded to Gillson Park on the report of a body in the water.Police said the paddleboarder discovered the body of a 56-year-old man from Wilmette approximately 50 to 100 yards offshore in Lake Michigan. 4 dead, including suspected ‘aggressor,’ after shooting inside home in Crystal Lake: police Authorities believe the man was not in the water for a prolonged period of time and there were no obvious signs of trauma.

Taylor Swift announces '1989 (Taylor’s Version)' at Eras Tour show in Los Angeles

Published Tue, 25 Feb 2025 11:16:43 GMT

LOS ANGELES (AP) — Taylor Swift closed the 2023 U.S. leg of her landmark Eras Tour in Los Angeles in a big way, announcing the fourth edition of her re-recording project: “1989 (Taylor’s Version).”After playing a few tracks from her “1989” era live, the pop superstar approached the center of the stage with an acoustic guitar in hand and suggested to the audience that she had been working on something big.“Instead of telling you about it, we’ll just show you,” she told the crowd as the screen illuminated behind her. “'1989 (Taylor’s Version)' available Oct. 27!” she cheered.Just last month, Swift released her re-recording of “Speak Now” and soon claimed the record for the woman with the most No. 1 albums in history. The “Taylor's Version” projects were sparked by music manager Scooter Braun's purchase and subsequent sale of her early catalog. Beyoncé vs Taylor Swift vs NASCAR: Who’s been the biggest boon to Chicago? Aside from breaking some news, across more tha...

Elon Musk auctioning Twitter signs, memorabilia 

Published Tue, 25 Feb 2025 11:16:43 GMT

(The Hill) -- X owner Elon Musk will be auctioning off Twitter signs and other memorabilia starting next month, including the sign hung on the outside of the company’s headquarters.The auction event is labeled “Twitter Rebranding: Online Auction Featuring Memorabilia, Art, Office Assets & More!” and is slated to be held Sept. 12-14, according to the auction website. The site lists 584 things to be auctioned off, including signs of Twitter’s iconic blue bird logo, office furniture and a variety of musical instruments.One of the bird signs open for bidding includes the logo hung on the building of Twitter’s headquarters in San Francisco, with the listing reading, "Bird is still mounted on the side of the building. Buyer is responsible for hiring an SF Licensed Company with appropriate Permits.” Musk mulling ‘noble’ debate with Zuckerberg instead of cage fight There are also multiple LED signs with the bird logo, hashtags and "@" signs, as well as a wooden bird table and h...

Children take cover in basement as tornado rips home apart while parents are away

Published Tue, 25 Feb 2025 11:16:43 GMT

YUMA COUNTY, Colo. (KDVR) — Three children who scrambled to safety while their parents were away said it sounded like a bomb exploded as a twister ravaged their Colorado home Tuesday.Their parents were at a nearby hospital when they saw a storm chaser's live video of the tornado heading for their home. They ran out of the hospital, where they were visiting a relative, and headed for their children hiding in the basement. Photos: Tornado damage in Yuma County “We were watching that live feed. And I was watching him drive, because we know the roads out here real well, and I was like, dude that's coming by our house. I called my kids, 'Go get your helmets!'" Clint Monk said.“We got a phone call from my daughter, and we heard the house just cracking and creaking. So my husband and I busted out of the hospital as fast as we could,” Amanda Monk said.A tornado in Yuma County, Colorado on Aug. 8, 2023 (Credit: twitch.tv/stormchaserirl)Tornado 'was like a bomb exploding'Kennadee Monk, 16, ...

How to catch the Perseid meteor shower as it peaks this weekend

Published Tue, 25 Feb 2025 11:16:43 GMT

(WANE) - Nature's fireworks will be flashing as they move through the sky — and you'll be able to see them without a telescope. This weekend (August 12-13) you'll be able to watch the peak of the Perseid meteor showers, the so-called "fireworks finale," which at times may produce roughly 90 meteors per hour, according to the EarthSky.org.Look in the northeastern sky after midnight Saturday and before dawn Sunday (WANE)Since the moon will be in its waning stage, the meteors will be more visible in the darker sky between midnight and sunrise. Just look in the northeastern sky, where you'll see the constellation called Perseus, which is below Cassiopeia. For best viewing, NASA says to look during the pre-dawn hours, although meteors and fireballs could be visible as early as 10 p.m.The Perseids are usually visible from the middle of July to the beginning of September but the number of meteors per hour will diminish each night for the rest of this month. There are two more meteor showe...

St. David's Medical Center resumes normal operations post-parking garage explosion

Published Tue, 25 Feb 2025 11:16:43 GMT

AUSTIN (KXAN) — St. David's Medical Center on East 32nd Street has resumed normal operations Thursday following a vehicle explosion in a parking garage Wednesday night.During a news briefing Wednesday evening, the Austin Police Department said one person was detained after a vehicle explosion in a parking garage at the central Austin hospital. APD said the call came in at 5:23 p.m. at St. David's Medical Center.On Thursday, St. David's Medical Center's CEO Todd Steward said in a statement the hospital was no longer on diversion status and that typical visiting hours had resumed.All parking garages -- including the one related to the incident -- have since reopened, Steward added in his statement. Those with vehicles in parking garage 1 are welcomed to retrieve them at any time, with parking fees for the garage waived through close of business Thursday. All other parking garage fees still apply, he said."The safety of our patients, families and employees is our number one priority, a...

'Endless Summer' on the way at West Mountain

Published Tue, 25 Feb 2025 11:16:43 GMT

QUEENSBURY, N.Y. (NEWS10) - At West Mountain, summer doesn't stop. The mountain has announced "Endless Summer" is on the way. Get the latest news, weather, sports and entertainment delivered right to your inbox! The mountain is running a special promotion with free and discounted adventures on Saturday, Aug. 26. Visitors can take a free ride on the mountain's chairlifts from 9 a.m. to 3 p.m. Once they're up there, many of the summer attractions running at the mountaintop come at a steep discount. Mountain biking, bike rentals, the rope course, and mountaintop picnics are all priced at $15 for the day. “We look forward to hosting this brand new promotional event at West,” said West Mountain General Manager Sara Montgomery. “We have so many amazing summer offerings at West and we look forward to having guests experience everything West has to offer in the summer at this wonderful event.” PHOTOS: A historic surrender at Fort William Henry Live music and vendors will also be on the ...