Folklorama 2015 – Day 1 in pictures

Four Jets clear waivers to join Moose

The Winnipeg Jets organizational depth has yet to take a hit on the waiver wire.

On Saturday afternoon, all four players exposed to waivers — defenceman Isaak Phillips and forwards Nikita Chibrikov, Noah Gregor and Parker Ford — cleared, which means they can be assigned to the Manitoba Moose of the American Hockey League.

Owing to injuries to captain Adam Lowry and winger Cole Perfetti, both Chibrikov and Ford started last season on the NHL roster but spent the bulk of last season with the Moose.

Chibrikov, chosen in the second round of the 2021 NHL Draft, has dealt with multiple lower-body injuries during the prior two seasons and is still working his way back to peak form.

Perfecting profitability

More jaded of investors may roll their eyes at another book offering up a formula for the “perfect portfolio.”

Veteran portfolio manager Peter Lazaroff, based in St. Louis, and host of the Long Term Investor podcast understands the scepticism around his recently published book The Perfect Portfolio: a Proven Guide to Smart Investing for Long-Term Success.

Yet the chief investment officer at Plancorp Wealth Management, which has about US$10.2 billion in assets under management, has a caveat to the notion of the perfect portfolio.

“The perfect portfolio on paper is probably a lot different than the perfect portfolio for you in real life because what’s ‘perfect’ is a formula you can stick with for decades on end.”

Folklorama 2015 – Day 1 in pictures

The 2015 Folklorama Festival kicked off Sunday, Aug. 2 and runs until Aug. 15.Photos by John Woods / Winnipeg Free Press

Explaining Canada’s superior employment rate

Donald Trump regularly makes outrageous claims. Fentanyl was pouring across the northern border from Canada and had to be stopped. Canada is nasty to deal with and has the highest tariffs in the world. Canada needs the U.S. but the U.S. doesn’t need Canada. Canadians want to become the 51st state. And so on.

In the latest trade dispute, after Mark Carney walked away from negotiations, Trump made a new claim that Canada’s unemployment rate was 10 per cent and climbing rapidly. Insofar as the unemployment rate is closely monitored, reported monthly, and given similar attention to the rates of inflation and economic growth, the comment was likely intended to signal Canada’s weakness. It fits Trump’s narrative that Canada needs the U.S. for its livelihood and protection and would be better off more directly under U.S. influence as a 51st state, or perhaps a protectorate like the Philippines or Panama in the past.

Fact checkers quickly reported that Canada’s unemployment rate is really 6.4 per cent for July, not 10 per cent, has fallen from 6.9 per cent in April, and is at its lowest rate since May 2024. Some astute observers pointed out that Canada’s method for the calculation of the unemployment rate leads to a higher rate than the U.S. by about one per cent. Under the American methodology, then, our unemployment rate would be 5.4 per cent, not that far off the U.S. July rate of 4.1 per cent.

Detection of unemployment is less straightforward that might appear, as it is sandwiched between the labour force statuses of employment and inactivity at a particular point in time. The internationally established standard for determination of unemployment is the notion of searching for work — you are unemployed if you do not have paid employment and you are looking for work without success. Surveys have been developed to categorize respondents as employed, unemployed or inactive, including the labour force survey (LFS) in Canada and the current population survey (CPS) in the U.S.

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Horror stories about China’s treatment of Uyghurs gives issue more attention.