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National Post
17 minutes ago
- National Post
For Sale: Used U.S.-Canada border crossing going on auction block
The U.S. government is selling a former border crossing facility in Madawaska, Maine, across the Saint John River from Edmunston, N.B. Article content An online auction for the property starts on Wednesday, Aug. 20. The asking price is US$25,000. Article content Bidding for the old Port of Entry (POE) will increase in $1,000 increments, says the U.S. General Services Administration in a press release about the sale. (The GSA is the U.S. government's shared services arm, managing a real estate portfolio of over 360 million rentable square feet.) Article content While the commercial space listing has primarily been used as an office, the real estate ad suggests other potential purposes: manufacturing, warehouse, storage facility, garage/shop. Article content 'GSA is transforming an underutilized border facility into an opportunity for community and economic development,' said Public Buildings Service Regional Commissioner Glenn C. Rotondo in the release. Article content Article content The first floor of the building is 2,900 square feet. There is also a 2,900 square foot finished basement. Article content The southern portion of the property is flat, paved and has a one-storey brick building with two canopies, a guard shack and shed for a generator. Article content The northern half of the property is on a floodplain and can't be built upon. Instead, it consists of a steep, wooded slope leading from a retaining wall down approximately 50 feet to the water line of the Saint John River. The river surrounds the northern edge of the property. A paper mill with a rail line is situated on the other perimeters. Article content Article content The 1959 facility was closed last year when U.S. Customs and Border Protection ceased operations there and relocated to the new Madawaska POE and International Bridge. The new facility will include room for increases in traffic. The new facility, worth roughly $73 million, is also aiming to be include administrative offices and training space. Article content Parts of the old bridge were saved by the town, according to Maine newspaper The County. A local artist pitched a plan to create a 20-foot sculpture of an Acadian star out of materials from the bridge to celebrate the Francophone cultural connection shared by the two countries, across the old bridge created. Article content Acadians are descendants of French settlers who originally settled in Canada's Maritime Provinces in the 17th and 18th centuries. Aroostook County later became a hub of Acadian culture, with a large population still maintaining their heritage.
CTV News
17 minutes ago
- CTV News
Minnesota sues TikTok, alleging it preys on young people with addictive algorithms
The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Oct. 14, 2022, in Boston. (AP Photo/Michael Dwyer, File) ST. PAUL, Minn. — Minnesota on Tuesday joined a wave of states suing TikTok, alleging the social media giant preys on young people with addictive algorithms that trap them into becoming compulsive consumers of its short videos. 'This isn't about free speech. I'm sure they're gonna holler that,' Minnesota Attorney General Keith Ellison said at a news conference. 'It's actually about deception, manipulation, misrepresentation. This is about a company knowing the dangers, and the dangerous effects of its product, but making and taking no steps to mitigate those harms or inform users of the risks.' The lawsuit, filed in state court, alleges that TikTok is violating Minnesota laws against deceptive trade practices and consumer fraud. It follows a flurry of lawsuits filed by more than a dozen states last year alleging the popular short-form video app is designed to be addictive to kids and harms their mental health. Minnesota's case brings the total to about 24 states, Ellison's office said. Many of the earlier lawsuits stemmed from a nationwide investigation into TikTok launched in 2022 by a bipartisan coalition of attorneys general from 14 states into the effects of TikTok on young users' mental health. Ellison, a Democrat, said Minnesota waited while it did its own investigation. Sean Padden, a middle-school health teacher in the Roseville Area school district, joined Ellison, saying he has witnessed a correlation between increased TikTok use and an 'irrefutable spike in student mental health issues,' including depression, anxiety, anger, lowered self-esteem and a decrease in attention spans as they seek out the quick gratification that its short videos offer. The lawsuit comes while U.S. President Donald Trump is still trying to broker a deal to bring the social media platform, which is owned by China's ByteDance, under American ownership over concerns about the data security of its 170 million American users. While Trump campaigned on banning TikTok, he also gained more than 15 million followers on the platform since he started sharing videos on it. No matter who ultimately owns TikTok, Ellison said, it must comply with the law. TikTok disputed Minnesota's allegations. 'This lawsuit is based on misleading and inaccurate claims that fail to recognize the robust safety measures TikTok has voluntarily implemented to support the well-being of our community,' company spokesperson Nathaniel Brown said in a statement. 'Teen accounts on TikTok come with 50+ features and settings designed to help young people safely express themselves, discover and learn. 'Through our Family Pairing tool, parents can view or customize 20+ content and privacy settings, including screen time, content filters, and our time away feature to pause a teen's access to our app,' Brown added. Minnesota is seeking a declaration that TikTok's practices are deceptive, unfair or unconscionable under state law, a permanent injunction against those practices, and up to $25,000 for each instance in which a Minnesota child has accessed TikTok. Ellison wouldn't put a total on that but said, 'it's a lot.' He estimated that 'hundreds of thousands of Minnesota kids' have TikTok on their devices. 'We're not trying to shut them down, but we are insisting that they clean up their act,' Ellison said. 'There are legitimate uses of products like TikTok. But like all things, they have to be used properly and safely.' Minnesota is also among dozens of U.S. states that have sued Meta Platforms for allegedly building features into Instagram and Facebook that addict people. The messaging service Snapchat and the gaming platform Roblox are also facing lawsuits by some other states alleging harm to kids. Steve Karnowski, The Associated Press
Globe and Mail
17 minutes ago
- Globe and Mail
Why Rigetti Computing Stock Is Sinking Today
Key Points Q2 revenue was $1.8 million, down roughly 42% year over year; net loss neared $40 million. Soft jobs data and hotter-than-expected inflation data weighed on risk assets like quantum stocks. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) are sinking on Tuesday, down 8.7% as of 2:46 p.m. ET. The drop comes as the S&P 500 loses 0.7% and the Nasdaq Composite loses 1.5%. The quantum computing company's stock is continuing its slide after its recent earnings failed to impress investors and as macro concerns about the direction of the economy are leading investors to jump out of risky stocks. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Rigetti Computing stock drops on weak Q2 and macro jitters Last week, Rigetti released its Q2 report, revealing that its sales and earnings were down significantly year over year. The company's $1.8 million in revenue was nearly 42% less than last year in the same period, and its net income dropped nearly 220% as the company lost nearly $40 million in the quarter. While the loss was exacerbated by some one-off accounting charges, the performance still showed how far the company is from justifying its current market cap of nearly $5 billion. Adding to the pain, recent economic data is putting pressure on riskier stocks like Rigetti. The latest jobs report shows the economy may be slowing, while at the same time, inflation numbers came in higher than expected. Investors should be cautious The company did share some promising operational updates and leaps in its technological development in its earnings release, but I believe we are likely many, many years, if not decades, away from viable quantum computing. Despite this, Rigetti and other quantum computing companies are reaching multibillion-dollar valuations already. I think there is a major disconnect here, and quantum investors may get burned if the economy does really take a dive. Should you invest $1,000 in Rigetti Computing right now? Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,076% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025
