Wednesday morning news drop
Bank of Canada maintains policy rate of 0.25%, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank’s quantitative easing (QE) program, which is being maintained at a target pace of $2 billion per week. (Bank of Canada)
Inequality, Interest Rates, Aging, and the Role of Central Banks Bad things lead to more bad things. But (some) bad things can be fixed. (The Overshoot)
What Really Predicts Happiness? One of the longest studies on human happiness started in 1938 and followed the lives of 268 Harvard sophomores. Known as the Harvard Study of Adult Development, it tracked everything about these men over decades. Their health, their careers, their relationships, and much more were recorded for the study. And after analyzing the lifetimes of data, the researchers came to a surprising conclusion. (Of Dollars and Data)
Life in the heart of B.C.’s brutal summer drought For ranchers, farmers and foresters alike, the extreme dry conditions in the Kettle River watershed have forced a reckoning with the region’s intensive clearcut logging — and what people across the region can do to remedy decades of human impact to sensitive ecosystems (Narwhal)
Where They Stand: The Parties on Child Care A former daycare worker analyzes pledged changes to daycare, foster care and Indigenous child welfare. (Tyee)
The Search for America’s Atlantis Did people first come to this continent by land or by sea? (Atlantic)
The Pro Wrestling Business Is Heating Up To Levels Not Seen In 20 Years. Will It Last? The professional wrestling landscape is really heating up. Over the weekend, World Wrestling Entertainment, Inc.'s (NYSE: WWE) SummerSlam was reportedly the highest grossing and most-viewed SummerSlam in the event's 34-year history. On Friday, the return of CM Punk after a seven-year absence from pro wrestling boosted All Elite Wrestling's “Rampage” TV ratings by 52.5%, and Pro Wrestling Tees announced Punk’s new shirt is already the highest selling design in its history. (Yahoo Finance)
Secret meetings, negotiations and ice cream bars: The inside story of CM Punk's return to wrestling CM PUNK arrived at the United Center in Chicago at about 4:30 p.m. local time on Aug. 20, about 4½ hours before he was scheduled to make his return to professional wrestling after more than seven years away on All Elite Wrestling's "Rampage." (ESPN)
