Thursday, April 24, 2025

News roundup, 24 April 2025

- Donald Trump is accusing Volodymyr Zelenskyy of jeopardizing the peace deal that Trump claims was "right around the corner", due to his unwillingness to surrender territory as part of the deal. Now it has to be admitted that Trump has a point of sorts when he says that Crimea "was lost years ago", but to expect Zelenskyy to just agree to this as part of a deal for which he wasn't even invited to the negotiations seems more than a little suspect.

- Trump is partially backing down on his threats against China, saying the tariffs will be coming down "substantially". He has also said that he no longer plans to fire Federal Reserve chair Jerome Powell. Markets have rebounded somewhat in response to these announcements.

- A substantial number of Canadian snowbirds are selling their winter homes in the US, for reasons that should be increasingly obvious. Florida's housing market is taking a particular hit, given the state's relative proximity to Canada's largest population centres.

- Some unnamed Conservative Party sources suggest that Pierre Poilievre could be at risk of losing his own seat in the riding of Ottawa-Carleton. The party has apparently deployed a lot of campaign workers to that riding and others in the area in recent days. Liberal sources also indicate that their candidate, Bruce Fanjoy, is in a dead heat with Poilievre.

- A Swedish company, Candela, has set a new speed and range record for an electrically powered vessel. The P-12 is a hydrofoil developed for use as a ferry, with a range of 40 nautical miles and a top speed of 25 kt. All this with a battery less than twice the size of the ones in some electric cars. The main downside is that it only has the capacity for 30 passengers.

- Gunmen opened fire on tourists in Indian-controlled Kashmir, killing 26 people and wounding 17. The Indian government is blaming Pakistan for the attack, and has taken a number of measures, the most significant of which may be the suspension of the Indus Waters Treaty. Several Pakistani officials warn that the unilateral suspension of the treaty is a violation of international law; an advisor to Pakistani prime minister Shehbaz Sharif went further, calling it an "act of war". This is not the kind of talk you want to hear in a dispute between two nuclear powers.

- A fund created by the Stefanson government in 2023 to subsidize WestJet flights between Winnipeg and two American cities (Los Angeles and Atlanta) has run out. Given the current political climate in the US, the Kinew government has no desire to top it up (myself, I wouldn't be in favour of doing that even under better circumstances). In any case, the demand for flights to the States is tanking; WestJet is reorienting their plans to offer more flights to Europe instead.

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