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By Rob Ferguson Queen's Park Bureau Thu., Feb. 14, 2019 Jeff Lyash resigned his chief executive post at Ontario Power Generation to helm the Tennessee Valley Authority, created in the Great Depression to provide electricity and economic development to what was a hard-hit region of the southeastern United States. The authority, an $11 billion federal corporation, announced the appointment of Lyash, 57, on Thursday, a day after Crown-owned OPG revealed the Pennsylvania native was leaving at the end of March for a new challenge. “I am excited about the opportunity to lead TVA, an organization with a great sense of purpose not only to provide reliable, low-cost energy — which is a critical underpinning for how we live — but to improve the lives of people of the Tennessee Valley and the United States through economic development and environmental stewardship,” Lyash said in a statement. The authority was part of U.S. president Franklin … [Read more...] about Departing OPG CEO lands U.S. job leading the Tennessee Valley Authority
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U.S. online broker Redfin dives into GTA’s real estate market
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By Tess Kalinowski Real Estate Reporter Tues., Feb. 12, 2019 Redfin CEO Glenn Kelman wants to know how cold it is in the polar vortex that gripped Toronto in January. “You could die,” he yelps after quickly converting the -30C windchill to Fahrenheit in the relative comfort of Redfin Corp.’s Seattle headquarters. But it is the real estate climate that concerns Kelman, 48, who is expected in Toronto on what is forecast to be a snowy Tuesday, to launch Redfin’s Canadian expansion. Redfin is the latest in a series of offshore, web-based real estate businesses to come to Canada. Despite the quieter Toronto market and Vancouver’s slump, these companies know the population is growing and the Canadian financial system supports home ownership, one real estate insider told the Star. It’s not a coincidence either that, since last year, Toronto-area members of the Toronto Real Estate Board are no longer prohibited from publishing … [Read more...] about U.S. online broker Redfin dives into GTA’s real estate market
Free mac and cheese, clean closets, empty bank accounts are part of life during U.S. government shutdown
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By Marc Fisher Danielle Paquette and Annie Gowen, The Washington Post Fri., Jan. 18, 2019 WASHINGTON—The pantry was looking awfully empty, but now there will be mac and cheese, followed by more mac and cheese, and then maybe on the next day, how about maybe just a little mac and cheese? Because it’s free, the latest giveaway for federal workers who are not being paid for their work, and because, in Shawanda Hardy’s house, there’s a son who’s in middle school and getting taller every hour or so, and the rent went up $50 last month, and even if the government says you should ask your landlord to let things slide for a while, that’s not really how life works, is it? “God is going to see us through,” said Hardy, a single mother In Prince George’s County, Maryland, who works as an assistant to the head of the Equal Employment Opportunity Commission. Except she’s not working now, as the politicians in Washington, … [Read more...] about Free mac and cheese, clean closets, empty bank accounts are part of life during U.S. government shutdown
Premier Doug Ford says he’s not to blame after U.S. regulator zaps Hydro One takeover of Avista
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By Robert Benzie Queen's Park Bureau Chief Thu., Dec. 6, 2018 Premier Doug Ford insists he’s not to blame for U.S. regulators zapping Hydro One’s $6.7 billion takeover of Avista Corp., which will cost Ontario taxpayers tens of millions in cancellation fees and reduced share value. In his first public statement since Washington state rejected the Ontario utility’s proposed takeover of Avista citing political meddling by Ford’s government, the premier was unrepentant. “Upon assuming office we acted decisively to keep our promise to Ontario voters,” Ford said Thursday, referring to his decision to get rid of Mayo Schmidt, the Hydro One CEO he derided as the “$6-million man” for his hefty salary. “I will never apologize for keeping my promises to the voters. We are reducing hydro rates and, after years of neglect, finally putting the ratepayer first,” the premier said. “Yesterday’s news from … [Read more...] about Premier Doug Ford says he’s not to blame after U.S. regulator zaps Hydro One takeover of Avista
U.S. adds 250,000 jobs, pay growth fastest since 2009
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By Christopher Rugaber The Associated Press Fri., Nov. 2, 2018 WASHINGTON — U.S. employers added a stellar 250,000 jobs last month and raised average pay by the most in nearly a decade. The Labour Department’s monthly jobs report, the last major economic data before Tuesday’s congressional elections, also showed that the unemployment rate remained at a five-decade low of 3.7 per cent. The influx of new job-seekers in October increased the proportion of Americans with jobs to its highest level since January 2009. Consumers are the most confident they have been in 18 years and are spending freely and propelling brisk economic growth. The U.S. economy is in its 10th year of expansion, the second-longest such period on record, and October marked the 100th straight month of hiring, a record streak. The resulting strength in customer demand has led companies to steadily add workers. Though economists predict that hiring will eventually slow as the pool of … [Read more...] about U.S. adds 250,000 jobs, pay growth fastest since 2009