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With sustainable practices and cutting-edge snowmaking technology, Canada's ski industry ensures the future of winter recreation while supporting communities nationwide. TORONTO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Winter sports enthusiasts across Canada eagerly anticipate the first snowfall, signaling the start of a season filled with fresh air and fun in a snowy wonderland. However, a changing climate is making those first flakes increasingly unpredictable, challenging an industry that supports communities and promotes healthy lifestyles nationwide. In response, the Canadian Ski Council has launched snowissnow.ca , a resource showcasing the industry's commitment to sustainability and innovation. The initiative provides a behind-the-scenes look at how Canada's ski areas are adapting to ensure snowy days remain a hallmark of winter for generations to come. Why is it Important for Canadians to Know that Snow is Snow? "Responsibility and resilience are at the heart of the ski industry's investment in snowmaking,” says Paul Pinchbeck, President and CEO of the Canadian Ski Council. Snowmaking is essential for ski operations across Canada, providing consistent snow coverage that enhances the experience for recreational skiers. "It ensures visitors can enjoy the slopes even during fluctuating temperatures and unpredictable weather while supporting the communities that rely on winter tourism,” Pinchbeck adds. Snowmaking also plays a vital role in kickstarting the winter season, offering early access to slopes before natural snowfall is dependable. This early-season reliability not only attracts visitors eager to embrace winter activities but also supports competitive athletes by providing critical training opportunities. As a foundation of operations, snowmaking bolsters the resilience of Canada's ski industry and its capacity to adapt to the challenges posed by climate change. Snowfall Trends and the Need for Adaptation Snowfall data from Environment Canada reveals that winter in Canada is changing. While snow cover has decreased in regions like the Pacific Coast and the Rockies, areas in southern Canada and central British Columbia have seen an increase in days with snow cover. Meanwhile, the Weather Network's 2024/2025 Winter Forecast predicts near- to above-normal precipitation across most of Canada, ensuring an active winter ahead. The Economic and Health Impacts of Snowmaking Ski areas are at the heart of many communities, supporting the economy through job creation and attracting millions of visitors annually. For example, Canada's ski areas welcome 17.9 million skier visits annually, including 2.4 million active skiers and riders, and generate $4.4 billion in spending. Beyond economics, skiing and snowboarding deliver significant health benefits. Outdoor activity improves cardiovascular health, balance, strength, and coordination while supporting mental well-being. Studies show that skiers may be at a lower risk of anxiety disorders like Seasonal Affective Disorder (S.A.D.) and benefit from natural boosts to sleep, metabolism, and immune function. Snowmaking: A Modern, Sustainable Solution The stakes are high, and the industry is taking a proactive approach to adapting to the many challenges it faces. Snowmaking technology has evolved dramatically, becoming more efficient and environmentally friendly. The snowissnow.ca resource seeks to provide insights into the snowmaking process while debunking myths about made snow. Key facts about snowmaking: About the Canadian Ski Council The Canadian Ski Council is a national not-for-profit organization dedicated to promoting skiing and snowboarding across Canada. Through a variety of programs and initiatives, the Council works to make winter sports accessible to all Canadians, fostering a love for the outdoors and encouraging active, healthy lifestyles. Visit www.skicanada.org for more information or follow the Canadian Ski Council on social media: X: @CDNSKICOUNCIL | Instagram: goskiinggosnowboarding | Facebook: GoSkiingGoSnowboarding | LinkedIn: canadian-ski-council | YouTube: CanSkiCouncil #SkiCanada #GoSkiingGoSnowboarding #SnowStartKidzPass #CanadianLiftPass #Winter20242025 MEDIA CONTACT: Leslie Booth Communications & Media Liaison Canadian Ski Council [email protected] 416.427.1588
WASHINGTON — Linda McMahon once claimed an unearned education degree from East Carolina University. Now she is nominated to lead President-elect Donald Trump’s Department of Education. Trump announced Tuesday that McMahon, best known as a founder of World Wrestling Entertainment, is nominated to be the next education secretary. She is his first nominee to have served in his previous administration. “It is my great honor to announce that Linda McMahon, former Administrator of the Small Business Administration, will be the United States Secretary of Education,” Trump wrote in a news release. McMahon now must wait for the Senate to confirm her nomination. North Carolina roots McMahon grew up in New Bern. Her parents worked 30 minutes away at Marine Corps Air Station Cherry Point, and she attended the nearby Havelock High School. It was during high school that she met her now-estranged husband and business partner, Vince McMahon. Together they attended East Carolina University where, in 1969, she earned a degree in French. After college, they moved away from the Tar Heel State. But in 2010, McMahon’s ties to North Carolina would be noted in a story by the Hartford Courant, which reported that she received a position on the Connecticut Board of Education after wrongfully claiming to then-Gov. M. Jodi Rell that she graduated from ECU with an education degree. In response to the allegations, McMahon told the Courant, “she first thought she had been right, because she did a semester of student-teaching, and after state testing, emerged with the certificate to teach — although she never did,” the Courant reported. Education background Her college degree was one of several misleading statements the newspaper reported McMahon had made on her application. McMahon’s opponents had argued her connection to WWE, and its violent, sexual and vulgar content, sent the wrong kind of message. They also criticized her lack of experience in education, though supporters saw that as a win. She still faces that criticism as Trump’s nominee. McMahon’s resume also includes serving on the board of trustees for Sacred Heart University in Connecticut. Despite the opposition, and news of her misidentified degree breaking in the Stamford Advocate a month before her confirmation hearing, the Connecticut legislature approved Rell’s nomination of McMahon. She would serve on the board for around a year. McMahon took to social media Thursday following the news that Rell died suddenly at 78. “Her dedication and approach to public service is the gold standard to which we all should aspire to,” McMahon wrote. “I was honored to have her appoint me to serve on the CT State Board of Education and so enjoyed working with her.” When McMahon resigned from Connecticut’s board in 2010, she told the Courant it didn’t have to do with their pending story. She said it was instead because of the board’s rules wouldn’t allow her to raise money for her Senate campaign while serving. She would go on to lose two separate Senate campaigns. Political work But McMahon never walked away from politics. She became a major donor and fundraiser for Republicans. During Trump’s 2024 campaign, she donated more than $20 million to the former and future president, NBC News reported. McMahon supported Trump from the beginning of his political career and it paid off for her when he nominated her to lead the Small Business Administration. After three years, McMahon resigned to lead America First Action, a Trump super-PAC. She chairs the America First Policy Institute board. Trump’s news release about her most recent nomination credits her for working on parents’ rights and universal school choice policy at the institute. She also serves as co-chair of Trump’s transition team. Education’s future McMahon is one of several of Trump’s nominees who could face a tough nomination process. For McMahon, she’s accused of allowing one of her employees to use his position to sexually abuse five teenagers 15 and under The accusation is part of a lawsuit filed anonymously by former teenage employees. If McMahon clears the Senate nomination, she faces a different hurdle. It’s unclear how long her position might even exist. And once again, that might be left up to Congress to decide. One of Trump’s constant campaign promises was to shutter the Department of Education. However, that’s a promise Trump can’t keep without congressional approval.
NEW YORK (AP) -- President-elect Donald Trump's lawyers formally asked a judge Monday to throw out his hush money criminal conviction, arguing continuing the case would present unconstitutional "disruptions to the institution of the Presidency." In a filing made public Tuesday, Trump's lawyers told Manhattan Judge Juan M. Merchan that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. "Wrongly continuing proceedings in this failed lawfare case disrupts President Trump's transition efforts," the attorneys continued, before citing the "overwhelming national mandate granted to him by the American people on November 5, 2024." Trump's lawyers also cited President Joe Biden's recent pardon of his son, Hunter Biden, who had been convicted of tax and gun charges. "President Biden asserted that his son was 'selectively, and unfairly, prosecuted,' and 'treated differently,'" Trump's legal team wrote. The Manhattan district attorney, they claimed, had engaged in the type of political theater "that President Biden condemned." Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump's second term ends in 2029. In their filing Monday, Trump's attorneys dismissed the idea of holding off sentencing until Trump is out of office as a "ridiculous suggestion." Following Trump's election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump's prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse the conviction, which involved efforts to conceal a $130,000 payment to porn actor Stormy Daniels, whose affair allegations threatened to disrupt his 2016 campaign. He has denied any wrongdoing. Trump takes office on Jan. 20. Merchan hasn't set a timetable for a decision. The defense filing was signed by Trump lawyers Todd Blanche and Emil Bove, who represented Trump during the trial and have since been selected by the president-elect to fill senior roles at the Justice Department. A dismissal would erase Trump's historic conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Merchan could also decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump's parallel effort to get the case moved out of state court or choose some other option. Trump was convicted in May on 34 counts of falsifying business records to conceal a $130,000 hush money payment to porn actor Stormy Daniels, just before the 2016 presidential election, to suppress her claim that they had sex a decade earlier. He says they did not and denies any wrongdoing. Prosecutors cast the payout as part of a Trump-driven effort to keep voters from hearing salacious stories about him. Trump's then-lawyer Michael Cohen paid Daniels. Trump later reimbursed him, and Trump's company logged the reimbursements as legal expenses - concealing what they really were, prosecutors alleged. Trump has pledged to appeal the verdict if the case is not dismissed. He and his lawyers said the payments to Cohen were properly categorized as legal expenses for legal work.Why some brewing companies are producing more hop-forward ales and light-bodied lagers
{ "@context": "https://schema.org", "@type": "NewsArticle", "dateCreated": "2024-12-03T23:21:46+02:00", "datePublished": "2024-12-03T23:21:46+02:00", "dateModified": "2024-12-03T23:22:40+02:00", "url": "https://www.newtimes.co.rw/article/22325/news/economy/rwanda-has-successfully-completed-imf-commitments-resident-representative", "headline": "Rwanda has successfully completed IMF commitments – Resident Representative", "description": "In October 2022, the International Monetary Fund (IMF) approved $319 million for Rwanda as the first African country and the third in the world to...", "keywords": "", "inLanguage": "en", "mainEntityOfPage":{ "@type": "WebPage", "@id": "https://www.newtimes.co.rw/article/22325/news/economy/rwanda-has-successfully-completed-imf-commitments-resident-representative" }, "thumbnailUrl": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/12/03/65498.png", "image": { "@type": "ImageObject", "url": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/12/03/65498.png" }, "articleBody": "In October 2022, the International Monetary Fund (IMF) approved $319 million for Rwanda as the first African country and the third in the world to benefit from the Resilience and Sustainability Facility (RSF). The facility was a three-year arrangement that the IMF launched to help countries tackle long-term challenges, such as climate change. As the arrangement comes to an end, The New Times’ Business Editor Julius Bizimungu spoke to Gabor Pula, Resident Representative for IMF in Rwanda to discuss lessons learnt, how the facility has enabled Rwanda to embark on reforms that will shape the economy, and how the country can strike a good balance between financing its ambitious economic agenda and managing rising debt levels. Below are the excerpts: The RSF under which the IMF approved $319 million for Rwanda in 2022 is coming to an end. What lessons have you learnt? Rwanda’s early access to the RSF was made possible by the country’s preparedness and already existing climate policies. For example, at the time of the RSF approval, Rwanda already had a comprehensive climate diagnostic, which identified priority areas for reforms that could be supported by the RSF facility. Such a detailed climate strategy ensured a head-start to RSF reform implementation. Overall, the Rwandan authorities’ performance under the RSF programme has been exceptionally strong. To demonstrate their unwavering commitment to the RSF-supported climate agenda, the authorities even accelerated the implementation of the originally agreed reform measures. As a result, Rwanda has now successfully completed all its RSF commitments, six months ahead of the initial timeline (of December 2024). Rwanda is the first and only country among our members that managed to do this, and it highlights Rwanda’s ability to accelerate reforms ahead of schedule. Close cooperation with development partners has been also key to this success. Climate investments require complex technological and financial considerations, which – due to their novelty – are challenging even in the most advanced economies of the world. Rwanda has been particularly successful in absorbing external technical expertise provided by its development partners and integrating it with home grown solutions. As a result, Rwanda has managed to develop a unique approach to catalyze climate private financing, which could serve as a blueprint for other developing countries. This unique approach combines three main components: the advanced infrastructure of Private and Public Climate Investment Facilities (Ireme and Intego) that were established already before the RSF, the transparency frameworks, such as the climate budget tagging, green taxonomy and adoption of international climate reporting standards that were developed in the context of the RSF. Finally, it includes the use of innovative climate finance instruments, which ensure affordability of climate finance for Rwandan green entrepreneurs by blending concessional resources with market-based funding. Rwanda has a climate action plan that requires $11 billion through 2030. Do the reforms being undertaken enough to enable Rwanda raise this necessary funding? Given its limited fiscal space, Rwanda needs to rely on concessional and private climate financing to implement its ambitious climate agenda. Indeed, the overall cost of implementing Rwanda’s Nationally Determined Contributions (NDCs) strategy is estimated at $11 billion, which would imply investments amounting to 7 per cent of GDP each year during the 2020-2030 period. Given Rwanda’s already elevated debt level, room for public sector borrowing is limited. Domestic efforts to mobilise revenue and improve spending efficiency will help, but they take time. This puts the focus on efforts to mobilise private climate investment. Rwanda successfully leveraged the RSF and managed to secure an extra EUR 300 million with the help of bilateral and multilateral partners, on top of the RSF’s $319 million contribution. However, this amount is still only a small portion of the total financing needed to implement Rwanda’s climate agenda. In this context, Rwanda must continue its efforts to mobilise concessional and private climate resources. The IMF has said that Rwanda needs to accelerate the development of green projects and lending operations. What are these projects and why is it important to accelerate them? The RSF-supported reform measures helped address impediments to concessional and private climate flows to Rwanda. Private climate inflows to Rwanda, similar to other low-income countries, have been constrained by low risk-adjusted returns, persisting information asymmetries, and market size disadvantage. To overcome these obstacles and establish incentives for private capital, Rwanda needs strong legal frameworks, governance and data disclosure standards guiding its climate investments. As an example, Rwanda’s new climate budget tagging system and green taxonomy will strengthen investor confidence by mitigating their concerns about greenwashing. In the next step, these newly developed taxonomies will be used to identify private and public investment projects that can strengthen the economy’s resilience to climate shocks. Rwanda is also a pioneer in this area among developing economies. Ireme Invest has started its lending operations with a total value of its green projects pipeline estimated at about $30 million over the 2024-25 period. The scaling up of the pipeline is challenging, as both the Rwanda Development Bank and businesses need time to strengthen their understanding of the technical requirements for climate investments. To address this obstacle, Ireme Invest has established a Project Preparation Facility managed by the Rwanda Green Fund (FONERWA). Rwanda’s Public Green Investment Facility (Intego) has also identified public investment projects at the total value of $34 million. A well-developed project pipeline should play a critical role in mobilising additional resources to finance Rwanda’s ambitious climate agenda. The IMF has a 3-year Policy Coordination Instrument that ends next year. The aim was to support the government to build on the progress in macroeconomic, fiscal, and financial reforms. Have any of these reforms happened? Under the Policy Coordination Instrument (PCI), the Rwandan authorities put together a medium-term reform plan for the 2022-25 period to ensure macroeconomic stability, advance fiscal consolidation, strengthen monetary policy transmission and deepen financial markets, and build socioeconomic resilience. The PCI is a non-disbursing arrangement, which means that the IMF does not provide financial support related to the programme. We support the authorities in the design of their reform plan, provide technical assistance to build institutional capacity, monitor the implementation of the reforms and report on their progress. The benefit of such a non-disbursing arrangement for the authorities is what we call the IMF’s “seal of approval” of their policies. It provides assurances for development partners and financial markets that Rwanda’s macroeconomic policies are sound. Rwanda’s performance under the PCI has been broadly strong. Key achievements under the PCI include the introduction of more efficient and transparent frameworks to manage public investments, formulation of a medium-term spending rationalisation strategy, gradual deepening of the interbank and foreign exchange market to strengthen monetary policy transmission and the launching of the dynamic social registry, which is a state-of-the-art system that will allow for better targeting of social protection benefits. In December 2023, the authorities also requested a 14-month financing arrangement under the so-called Stand-by Credit Facility (SCF) to help them preserve foreign exchange reserves, which came under pressure following an increase in the import bill, due to high food imports and the reconstruction after the devastating floods last year. As a result of the recalibration of macroeconomic policies, the $260 million total financing under the SCF, and its catalytic effect that allowed Rwanda to secure additional concessional financing mainly from the World Bank, foreign exchange reserves have now stabilised at comfortable levels. The IMF has previously indicated that Rwanda faces fiscal risks from state-owned enterprises. What are these risks and how can they be mitigated? Besides raising more revenues, fiscal consolidation can be achieved via more efficient spending. Rwanda has limited resources, and it is critical that those limited resources are not wasted and put in the most productive use possible. Enhanced transparency is key to scrutinise the use of resources, and so it is an important achievement that the Ministry of Finance started to publish the list of major public projects and their selection criteria on its website. In a similar vein, state-owned enterprises (SOEs) need to be managed efficiently. This means several considerations. First, the authorities need to revisit which SOEs are critical for the functioning of the economy, and which are the SOEs that could possibly be replaced by the private sector. Second, the corporate governance of remaining SOEs needs to be improved. Finally, it is important that any financial support provided by the budget to SOEs, in the form of direct subsidies and guaranteed loans for example, are fully accounted for. At the end of the day, the authorities will need to ensure that budget resources are not subsidising loss-making activities in SOEs. What about the forex exchange market, has Rwanda made reform progress? With regard to the exchange rate, the central bank did a good job so far in managing pressures on its FX reserves. The exchange rate was allowed to depreciate since early 2023, which was necessary to facilitate the much-needed external adjustment. Similar to most developing countries, Rwanda’s imports exceed its exports, which implies that the demand for foreign currency is larger than its supply. The trade deficit puts the exchange rate under pressure, unless it is fully financed by capital inflows, such as remittances, foreign direct investment, or concessional borrowing. Continued exchange rate flexibility will be critical to help absorb external shocks and support the current account adjustment.", "author": { "@type": "Person", "name": "Julius Bizimungu" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }NoneNone
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