RCMP ‘did their best’ in response to N.S. mass shooting: federal Justice Department

HALIFAX — The RCMP’s response to the 2020 shooting rampage that left 22 Nova Scotians dead was far from perfect, but police did their best, the federal Justice Department said Friday. During the final day of public proceedings at the federal-provincial inquiry into the mass shooting, Lori Ward, general counsel for the federal Department of … Read more

Fed rate hike could add $2.1 trillion to federal deficits, new analysis finds

The Federal Reserve’s widely expected move to hike interest rates on Wednesday aims to tame inflation, but it could have other side effects — including a possible recession. It turns out a rate hike could also explode federal deficits even further in the years ahead. A new analysis from the budget hawks at The Committee … Read more

Federal Reserve eyes another historic rate hike on Wednesday

All eyes are on the Federal Reserve as the central bank kicks off a two-day policy meeting Tuesday, as officials are widely expected to raise short-term interest rates by three-quarters of a percentage point at the conclusion of their meeting Wednesday. In the face of stubborn inflation, officials are expected to raise the central bank’s … Read more

R. Kelly Found Guilty in Federal Child Pornography Case

A Chicago federal jury found guilty on Wednesday of three counts of child pornography for filming himself sexually abusing his then-14-year-old goddaughter. According to the , of the indictment’s 13 charges, Kelly was also found guilty of three counts of child sex trafficking through coercion and enticement. He was acquitted on charges that he conspired … Read more

Canada’s federal holiday to mourn the Queen leaves a patchwork of confusion

On Canada’s east and west coasts, schools and government offices will be closed on the day of Queen Elizabeth II’s state funeral. But in the two most populous provinces, employees will be at work – unless they are federal employees. Banks and other federal industries, however, have been given the option to close – or … Read more

Federal Judge Stomps All Over Trump Russiagate Lawsuit Against Hillary

A federal judge in Florida has tossed a racketeering lawsuit that Donald Trump filed against Hillary Clinton and a slew of other defendants—dismantling his claims one by one in an absolutely withering critique. “It is not simply that I find the Amended Complaint ‘inadequate in any respect,’” Judge Donald Middlebrooks writes at one point. “It … Read more

Your Mortgage Could Skyrocket if Federal Funds Rate Goes from 2.25% to 4%

As of today, August 26, the for a 30-year fixed is 5.5%, rising 0.42% from last week, according to Freddie Mac’s Primary Mortgage Market Survey. That’s compared to just 3.079% a year ago. The average mortgage rate for a 15-year fixed is 4.85%, and for a 5/1 ARM, it’s 4.36. Amid sky high inflation and … Read more

Mortgage Rates Could Skyrocket Even More If the Federal Funds Rate Goes from 2.25% to 4%

As of today, August 26, the for a 30-year fixed is 5.5%, rising 0.42% from last week, according to Freddie Mac’s Primary Mortgage Market Survey. That’s compared to just 3.079% a year ago. The average mortgage rate for a 15-year fixed is 4.85%, and for a 5/1 ARM, it’s 4.36. Amid sky high inflation and … Read more

Twitter is overhauling its spam-fighting team after a whistleblower accused the company of lying to federal regulators a

Twitter is merging its team that combats spam accounts with a team that fights toxic content. An internal memo on the matter was sent Tuesday after an explosive whistleblower complaint was published. The complaint accused Twitter of lying to federal regulators and Elon Musk about bots. Twitter is overhauling its spam-fighting team in the wake … Read more

Federal, state regulators put pressure on Tesla’s Autopilot safety

Tesla is coming under fire from federal and state regulators over both the safety and the capabilities of its Autopilot advanced driver assistance system. The National Highway Traffic Safety Administration (NHTSA) asked Tesla on Thursday to answer questions about its cabin camera as part of an ongoing probe into 830,000 Tesla vehicles that include Autopilot. … Read more