Skip to main content

Featured

5 Things to Know Today: Oil Surges, Tariffs Land Tomorrow, Your Gas Tax Break Survives

  Monday, September 7, 2026 — Labour Day | Canadian Money Brief Markets are closed for the holiday, but the week ahead is loaded. Here are five things worth knowing before you head back to your desk tomorrow. 1. Oil Hits a Five-Week High as the Iran Conflict Escalates Crude climbed to $92.06 US/barrel on Saturday — up 17.75% over the past month and nearly 48% year over year — after Iran and the United States exchanged missile strikes this week. Israel's defence minister has threatened "crippling" attacks on Iran's energy infrastructure, the EU has formally joined the US-led sanctions campaign, and US Vice President JD Vance said Washington won't hold peace talks until Iran stops targeting ships in the Strait of Hormuz. What it means for you: Even with the federal gas tax break extended (see #4), pump prices track the price of crude itself. If your tank's getting low, filling up early this week may beat whatever the Strait of Hormuz situation does to prices by...
Post a Comment
Read more

article

Labels

Larry Summers Retreats from Public Life Amid Epstein Email Fallout

 

                                   Larry Summers, a former president of Harvard University amongst other positions held

Former U.S. Treasury Secretary and ex-Harvard University president Larry Summers announced he is stepping back from public roles following the release of extensive correspondence between himself and the late financier Jeffrey Epstein. The documents revealed years of communication between Summers and Epstein, continuing up until 2019.

Summers, who served under Presidents Bill Clinton and Barack Obama, expressed regret in a public statement, saying he is “deeply ashamed” of his actions and takes full responsibility for maintaining ties with Epstein. He emphasized that while he will continue his teaching duties at Harvard, he will withdraw from other public commitments as part of an effort to “rebuild trust and repair relationships with the people closest to me.”

The release of more than 20,000 Epstein-related documents has reignited scrutiny of prominent figures connected to the disgraced financier. Summers’ decision to step back comes amid mounting criticism from political leaders and academic circles, with calls for institutions to distance themselves from him.

Summers’ retreat underscores the broader fallout from Epstein’s network of influence, which continues to cast a shadow over high-profile individuals years after Epstein’s death. His statement reflects both personal accountability and the growing pressure on public figures to address past associations with the convicted sex offender.

Labels:

Comments

Post a Comment