Skip to main content

Featured

5 Things to Know Today: Warsh Rattles Markets as Gold Plunges and TSX Slides

  Sunday, August 30, 2026 Fed Chair Kevin Warsh's first Jackson Hole keynote as chair on Friday didn't say the words "rate hike" — but markets heard them anyway. Gold had its worst day in weeks, the TSX closed out the week almost 300 points lower, and the loonie slipped, all while Canada's own economic story (a surprisingly strong GDP print) got drowned out. Here's what actually matters for your money heading into a week that includes the Bank of Canada's rate decision, a gas tax deadline, and new retaliatory tariffs. 1. Fed Chair Warsh's hawkish tone just moved the goalposts Speaking at Jackson Hole on Friday, Warsh stopped short of promising anything, but he said the Fed will "have work to do" if inflation doesn't clearly head back to 2% — language markets read as an unusually direct nod toward a possible hike rather than a cut. By the end of the day, market-implied odds of a September Fed rate increase had jumped to somewhere in the 50...
Post a Comment
Read more

article

Labels

A Symbol of Hope: Tiny Christmas Tree Amidst Church Ruins in Lebanon

 

In the southern Lebanese town of Dardghaya, amidst the ruins of the 18th-century St. George Melkite Catholic Church, a tiny Christmas tree now stands as a symbol of hope and resilience. The church, devastated by an Israeli airstrike in October, once served as a vibrant community center. 

Georges Elia, a 40-year-old municipal worker and churchgoer, took it upon himself to bring some normalcy to the holiday season. "This year, Christmas is arriving with sadness for us, but we didn't want it to be a sad one for the town's residents and its church," Elia said. 

The modest tree, shorter than Elia himself, is decorated with a shining garland and a star. Despite the lack of lights and a traditional Nativity scene due to the war's destruction, the tree stands tall among the fallen stones and shattered pews. "But, of course, Christ is born in our hearts, lit with our love for him," Elia added.

The church's priest, Father Maurice el Khoury, who has served for 11 years, conducts Sunday Mass in a small underground room that once housed visiting bishops. "This room is more like the cave where Jesus was born," he said, reminding families of the true essence of the holiday season.

The community's faith remains unshaken, and despite the staggering financial toll of the damage, estimated at nearly $3 million, they continue to celebrate Christmas with hope and love.



Labels:

Comments

Post a Comment