Downtown L.A. declared unlawful assembly area
Downtown L.A. declared unlawful assembly area
CNN's Marybel Gonzalez reports from the scene where police and protesters clashed in L.A., providing an update on the situation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
30 minutes ago
- Globe and Mail
What Canadian investors need to know about the Trump tax bill
If the first six months are any indication, the reign of U.S. President Donald Trump is going to be a rough one for Canadian investors. First, the stock market plunged earlier this spring as Mr. Trump's tariffs started a global trade war. Stocks have mostly recovered, but a new threat has emerged in the form of legislation that would allow Washington to ramp up the taxation of Canadians holding U.S. stocks. The One Big Beautiful Bill Act is not yet law – it passed in the U.S. House of Representatives by a single vote but must still pass in the Senate – and may change in scope. For now, it has the potential to more than double the tax applied to dividends from U.S. companies received by Canadian investors and corporations. The ultimate effect of the tax changes could be costly in total but perhaps not so bad on an individual basis. Regardless, it's too early to make changes in your investment portfolio. 'Currently, we're not making any moves, and I'm recommending everyone do the same thing and just wait to see what the information actually is,' said Justin Bender, a portfolio manager at PWL Capital. 'Then we can assess and see if there's any changes necessary.' Wealth managers brace for proposed U.S. tax bill's impacts on Canadian clients What's in Trump's big budget bill? From cuts to taxes and Medicaid, here's what to know Ultimately, Section 899 of the legislation could introduce a withholding tax of 20 to 50 per cent of dividends received by Canadians. There are estimates that this extra tax could cost individual investors, pension funds and others billions of dollars. The point of Section 899 is to give the U.S. a weapon to punish what it considers to be unfair taxes in other countries. Thought to be a target is our digital services tax, which mainly applies to U.S. tech giants generating revenue in Canada. Estimates from Mr. Bender show a worst-case additional drag on returns of 0.46 percentage points from U.S. stocks and U.S. equity exchange-traded funds when the higher withholding tax is fully phased in over four years. Think of this cost as being in addition to the management expense ratio of an ETF or mutual fund. If your return from a U.S. equity fund was a net 10 per cent with the management expense ratio (MER) included, then a higher withholding tax could ultimately leave you with as little as 9.54 per cent. Note that fund returns are always published on a net basis, with the MER included and, where applicable, foreign withholding taxes already deducted. Under existing U.S. tax law, there is a base withholding tax rate of 30 per cent for foreign investors holding U.S. stocks. A Canada-U.S. tax treaty generally reduces this rate to 15 per cent. No withholding tax applies to U.S. dividends paid into registered retirement savings plans and registered retirement income funds by U.S.-listed stocks and ETFs. There's no clear sense of whether this exemption would continue to apply under Section 899. In a non-registered account, you can offset the 15-per-cent withholding tax by claiming an offsetting foreign tax credit. In a TFSA, registered education savings plan, first home savings account or registered disability savings plan, the withholding tax cannot be recovered; it is also non-recoverable in RRSPs and RRIFs if you hold a Canadian-listed U.S. equity ETF. Canadian investors have a massive level of exposure to U.S. stocks directly and through funds. About $60-billion is invested in just four TSX-listed ETFs that track the S&P 500 index. But investing in the S&P 500, and the even more tech-focused Nasdaq, is much more about growth than dividend income. The dividend yield on the S&P 500 right now is about 1.3 per cent, half the level of the yield on Canada's S&P/TSX composite index. 'It's very low, which is why this tax maybe isn't as much of an issue as people are making it out to be,' Mr. Bender said. 'Some extra withholding taxes are probably not going to blow up your financial plan.' Mr. Bender added that the impact is further diminished by the fact that most investors have diversified their U.S. exposure with bonds and Canadian stocks, plus international markets in many cases. Investors who use ETFs for exposure to U.S. stocks can buy funds listed on U.S. exchanges as well as those located in Canada. Among Canadian-listed funds, there are those that hold U.S. stocks directly and those that are effectively a wrapper for a U.S.-listed fund in the same corporate family. Mr. Bender said each of these three ETF types would be affected similarly by higher U.S. withholding taxes. Are you a young Canadian with money on your mind? To set yourself up for success and steer clear of costly mistakes, listen to our award-winning Stress Test podcast.
National Post
31 minutes ago
- National Post
‘Call Her Daddy' podcast star accuses her ex-soccer coach of sexual harassment
The star of the popular Call Her Daddy podcast is calling out her former soccer coach with a bombshell allegation of sexual harassment. Article content In her upcoming documentary, Alex Cooper claims that she was sexually harassed by her soccer coach during her time at Boston University. Article content Article content In the doc, titled Call Her Alex and releasing on streaming platform Hulu in the U.S. on Tuesday, Cooper says that the ordeal occurred a decade ago over the course of three years and that the alleged sexual harassment at the hands of former head coach Nancy Feldman escalated until Cooper left the team in her senior year. Article content 'I felt a lot of anger — anger at my coach, anger at my school, and anger at the system that allowed this to happen,' the podcast host said in the documentary, according to Vanity Fair. 'I don't think anyone could've prepared me for the lasting effects that came from this experience. She turned something that I loved so much into something extremely painful.' Article content Feldman coached the school's women's soccer team for 22 years before retiring in 2022. Cooper said that Feldman began to 'fixate on me way more than any other teammate of mine' during her sophomore season. Article content View this post on Instagram A post shared by Alex Cooper (@alexandracooper) Article content Article content Cooper was a member of the Terriers from 2013-15, when Feldman allegedly took an interest in her and would make uncomfortable comments about her body and her personal life — including asking Cooper if she had been sexually active the previous night. Article content Article content Cooper also alleges that the former coach would try to get her alone and inappropriately touch her thigh. Article content 'It was this psychotic game of, 'You wanna play? Tell me about your sex life. I have to drive you to your night class, get in the car with me alone,'' Cooper said, according to the outlet. 'I started trying to spend as little time as possible with her. Taking different routes to practice where I knew I wouldn't run into her, during meetings, I would try to sit as far away from her as possible. Article content 'Literally anything to not be alone with this woman.' Article content View this post on Instagram A post shared by Alex Cooper (@alexandracooper)
CTV News
35 minutes ago
- CTV News
Sean ‘Diddy' Combs' ex-girlfriend says she cried for three days after reading Cassie's lawsuit
Sean "Diddy" Combs appears at the premiere of "Can't Stop, Won't Stop: A Bad Boy Story" on June 21, 2017, in Beverly Hills, Calif. (Photo by Chris Pizzello/Invision/AP, File) NEW YORK — Sean 'Diddy' Combs' recent ex-girlfriend told Combs that she cried for three days after reading R&B artist Casandra 'Cassie' Ventura's 2023 lawsuit against the music mogul, a case that described hundreds of drug-laced marathon sex sessions with Combs and other men as 'horrific encounters.' The woman, who is known in court by the pseudonym Jane, testified Monday that she felt like she was 'reading my own sexual trauma' as she read the lawsuit, which was settled within a day for US$20 million. She read aloud in Manhattan federal court a text message that she sent Combs three days after the lawsuit was filed in November 2023. She said that she had been crying for three days and felt nauseated. She said three pages of the lawsuit addressing what Cassie referred to as 'freak-offs' and what Jane has called 'hotel nights' followed her experience with the Bad Boy Entertainment founder 'word for word, exactly my experience.' Assistant U.S. Attorney Maurene Comey raised the subject of the lawsuit as Jane testified for a third day about her experiences with Combs for over three years until his arrest last September. Cassie testified for four days earlier in the trial, saying she engaged in the weekly sexual performances as Combs mostly watched or filmed her sexual activities with male sex workers in sessions that often lasted for days. Cassie dated Combs for nearly 11 years, ending in 2018. Combs has pleaded not guilty to sex trafficking and racketeering conspiracy charges that could put him in prison from 15 years to life if he is convicted. Prior to bringing up Cassie's lawsuit on Monday, Comey elicited from Jane that she had protested the way Combs was treating her in the weeks before Cassie sued. She read aloud for the jury hundreds of text messages that she had exchanged with Combs, including some in which she complained that he seemed to be forcing her into the sexual encounters by threatening to take away her Los Angeles home. He had begun paying for the residence months earlier. She pleaded with him to recognize the damage the sex marathons were doing to her, writing: 'I am not an animal.' Jane's testimony was expected to fill the bulk of the trial's fifth week, as prosecutors move closer to finishing the presentation of their evidence before the defense gets its turn. As in her previous two days on the stand last week, Jane became emotional and cried briefly on Monday, but was mostly composed as she discussed her experiences with a man she said she loved. She acknowledged that she had reviewed some of the sex sessions with prosecutors prior to beginning testimony last Thursday. Comey asked her what she saw on them. 'I saw me,' she responded, before adding: 'following a pattern.' She added that with the 'majority of these tapes it was like the same show over and over again.' Jane said that after she expressed her frustrations and desire to only have sexual relations with Combs, the verbal fights between them would sometimes be resolved when he would say all the things she wanted to hear and promise to spend time with her without a 'hotel night.' Then, she said, when she saw Cassie's lawsuit, 'I almost fainted.' Article by Michael R. Sisak, Larry Neumeister.
