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I am a business economist with interests in international trade worldwide through politics, money, banking and VOIP Communications. The author of RG Richardson City Guides has over 300 guides, including restaurants and finance.

Victoria BC Interactive Restaurant Guide

 Victoria BC Interactive Restaurant Guide: City restaurants (Canada Restaurant Guides) eBook : Richardson, R.G.: Amazon.ca: Books 


Victoria BC Interactive Restaurant Guide: City restaurants (Canada Restaurant Guides) Kindle Edition


Victoria BC Interactive Restaurant Guide searches using the power of the internet, continuously updated and never out of date. All editions use the power of the internet with over 12,900 links. Use your browser to search for a city in your language. Point and click, that is it, and with a 5G network, it is very fast! You can now avoid spelling mistakes and language difficulties, making your search accurate and simple enough for everybody to use. One thumb is required; simply pick and click the icon, and your search is done. Read everything you want to know and it is never out of date. Don't want to read, watch it all as it searches YouTube too! Restaurant guides have extensive restaurant (barbecue, buffet, bistro, cafeteria, fast food, fine dining, take-out, pub, ethnic restaurants) searches. Sit in the coffee shop and start searching away on their WiFi, and start using our interactive city search guides with multiple languages! For PC, Mac, Pad, iPhone or mobile IOS and Android phone enabled search tool with multi-search engine capability built right in. RG Richardson guides search for careers, food, hotels, real estate, historical sites, sports, transportation, concerts, even public toilets and water closets. Find everything that’s fun to do; with travel planning, maps and car rentals. Good for tourists, travellers, vacationers and business persons who have just moved to town, and even long-term residents who want to stay on top of what’s new and current in their area or city. These guides are great for those with disabilities; pick and click with one thumb, no typing! Finance interactive notes, dictionaries and glossaries for economics, financial, markets, money and banking for students and professionals. Are you financially literate? Financial literacy is the ability to understand and effectively apply various financial skills, including personal financial management, budgeting, and investing. Financial literacy helps individuals become self-sufficient so that they can achieve financial stability. Career and job interactive guides search cities worldwide helping you with career planning and search job boards for part-time and full opportunities in real-time. Real estate interactive housing, apartments, condominiums, vacation properties and commercial property guides for cities worldwide. All guides search in 10 languages including Chinese, French, English, German, Spanish, Russian, Arabic, Indian, Portuguese and Japanese! R.G. Richardson City Interactive Guides using the power of the internet. Over 230 guides are available in 190 countries worldwide. Published in Canada by: eComTechnology/RGRichardson Assign Centre, ISBN Division Library and Archives Canada Author R.G. Richardson Victoria, BC. V8R 5G9 Updated 10/13/2025

Countries in the Americas can act to protect the environment without the United States


Countries in the Americas can act to protect the environment without the United States


The Conversation – Articles (CA) · 7 days ago
by Alexandra R Harrington, Visiting Scholar, McGill University Faculty of Law, Centre for Human Rights and Legal Pluralism, McGill


The United States federal government recently revoked a landmark scientific ruling by the Environmental Protection Agency that stated greenhouse gases are a threat to public health. U.S. President Donald Trump said the ruling was a “disasterous” policy that “severely damaged the American auto industry and massively drove up prices for American consumers.”

The revocation is the latest move by a U.S. administration that has framed action to tackle climate change as hampering the U.S. economy. In this context, trade has become a buzzword over the past year. With the focus on tariffs, it is easy to overlook the impacts of U.S. trade policies on the environment and the organizations tasked with bridging the two.

My areas of research focus on international law, specifically environmental law and the intersections between trade and international organizations.

In January, Trump indicated that the U.S. will withdraw from the NAFTA/CUSMA-linked Commission on Environmental Cooperation and the process for dealing with claims that Canada, Mexico or the United States are shirking their environmental commitments — the submission on enforcement matters (SEM) process.

The U.S. withdrawal highlights the importance of these issues at the regional level. It also provides an opportunity for other countries in the Americas to take action on climate change without the United States.

Read more: Three ways Canada can navigate an increasingly erratic and belligerent United States
What are SEMs?

In 1994, Canada, Mexico and the U.S. adopted the North American Free Trade Agreement (NAFTA) along with two side agreements. One of these was the North American Agreement on Environmental Cooperation (NAAEC), establishing the Commission on Environmental Cooperation and the SEM process.

When NAFTA was renegotiated in 2018, the SEM process was incorporated into the Canada-United States-Mexico Agreement (CUSMA), and the NAAEC was replaced by the Agreement on Environmental Cooperation.

The Commission on Environmental Cooperation is charged with overseeing this agreement, while SEM is the process for dealing with claims that Canada, Mexico or the U.S. are not living up to their environmental commitments.

That process can lead to the creation of a “factual record”; an investigative report detailing the commission’s findings. Although not a legal decision, the factual record is a powerful evidentiary and fact-finding tool to generate reforms.

Reporting on derelict environmental commitments through the SEM process remains a vital tool. It has provided important factual records on leakage from Alberta tailings ponds and failures to protect species such as the loggerhead turtle, North Atlantic right whale and vaquita porpoise, among other issues.

The SEM model was replicated in U.S. trade agreements with Central American states, Colombia, Panama and Peru. In each of these agreements, however, the U.S. was exempted from SEM jurisdiction because it was already under the jurisdiction of CUSMA.

Given the U.S. decision not to provide the core funding needed for these entities to function, it would be possible for the Central American states, as well as Colombia, Panama and Peru, to enter into a separate agreement regarding SEMs. The same would be true for Canada and Mexico under CUSMA.
A new generation of environmental accountability

The U.S. was a driving influence in the creation of the SEM process. And the U.S. retreat could be accepted as a way to end systems that have brought significant issues in national enforcement of environment law to light.

Examples include the failure to properly monitor implementation of environmental laws and standards, ranging from those intended to protect communities living near pollution discharge points to those intended to protect species on the edge of extinction.

Other countries in the Americas now have an opportunity to create a larger environmental oversight mechanism. This would demonstrate their ability to step into the governance gap left by the U.S. and generate stronger regional alliances. This would not only benefit the Americas. It would also provide a model for other international organizations as they face the loss of a powerful member state.

This alternative would entail creating a new SEM process, along with an equivalent to the Commission on Environmental Cooperation to oversee it, linking all members of the impacted agreements and any other interested countries in the Americas. The most comprehensive way to do this would be to negotiate a new multilateral agreement similar to current regional agreements but without the emphasis being on trade.

Similar to the current SEM process, individuals and groups could make submissions claiming that a member state is failing to fulfill its environmental obligations. Once a submission is received, the SEM unit would determine whether it meets basic requirements. If so, the submission would move on and, ultimately, a factual record could be developed.

This alternative framework would demonstrate the collective commitment of countries across the Americas to environmental protection. It would reflect the reality that the Americas face significant shared environmental threats that are also increasingly threats to national security and economic interests.

Such an agreement could mainstream the SEM process, building on provisions established in NAFTA, NAAEC and CUSMA. Existing regional offices could be maintained to ensure strong connections on the ground, and the procedures used could largely be unchanged.

At a time when many countries seem to be focusing on narrow self-interest and military spending rather than the environment, this is a challenging proposition.

However, integrating the SEM process into a new, broader, collective effort would allow American countries to assert hemispheric leadership without having to reinvent the wheel. It would also allow citizens the continued ability to bring claims and to have some accountability.

As the U.S. government withdraws from its international obligations, reconceiving international organizations that are under existential threat is now a necessity. Reconfiguring SEMs throughout the Americas would serve as a model for other organizations and as a way of shifting international organizations to be less dependent on any one state.

Alexandra R Harrington does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Milliard invested as Liberal candidate in Orford


Milliard invested as Liberal candidate in Orford



Sherbrooke Record · 18 hours ago
by Matthew Mccully · News


New Quebec Liberal leader says he identifies with Townships’ energy and passion

Michael Keegan
The Record – LJI

Newly acclaimed Quebec Liberal leader Charles Milliard was officially named the party’s candidate in the riding of Orford for the coming provincial election, the first of 125 candidates, he says he’s eager to present to Quebecers for the 2026 campaign. The investiture took place before a very enthusiastic audience of 200 party members at the Hôtel Chéribourg in Orford on Feb. 28.

To the delight of the party faithful, Milliard, whose remarks were predominantly in French, proclaimed that the Quebec Liberal Party was “finally back in Estrie,” referring to the party’s hold on the riding ever since it was created in 1973, up until the Coalition Avenir Québec’s (CAQ) Gilles Bélanger was first elected there in 2018.

Milliard and the members of the party establishment who welcomed him put great emphasis on the importance of being first and foremost an attentive and effective representative in one’s riding. Milliard invoked the names of former Orford MNAs George Vaillancourt, Robert Benoit, and Pierre Reid. Present to offer their support to Milliard were the wife of Benoit, Gisèle, and Benoit’s former attaché Lynn Blouin.

Former premier of Quebec Daniel Johnson Jr. gave a speech that sought to contrast what he said were the Liberal party’s values from those he said were being demonstrated by the CAQ government. He said Liberal values consist in “respecting the values of one another.” In a clear reference to the CAQ’s Bill 1, their proposed Quebec Constitution, Johnson said, “Rights must be expanded, not removed, not limited.”

Early on in his approximately 30-minute speech, Milliard said the Orford riding executive reflected what he would like every executive to be, “a mix of experience and renewal that reflects the diversity of the riding.” He thanked Notre-Dame-de-Grace MNA Désirée McGraw for having been present in the riding and said that “job is coming to an end and reinforcements are on the way.”

Milliard praised the Townships as having “something balanced and authentic.” He said one finds there “an economic dynamism that is impressive, led by its local businesses, but also great cultural vitality.”

After describing the people of Estrie as innovative entrepreneurs, elected officials who take their responsibilities seriously, and engaged voters who follow the issues and aren’t shy about making their voices heard, Milliard said, “I identify with your energy and I want to embody with you that passion for the region which unites us.”

“The riding of Orford also includes a significant proportion of English-speaking Quebecers,” said Milliard in the longest of three brief remarks he made in English. “For too long this community has been overlooked or taken for granted. I’m committed to listening to its needs, listening to its concerns and making them my own, especially when it comes to obviously protecting, fundamental rights, but also on crucial issues like the economy, agriculture, and the living conditions of our seniors.”



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L’article Milliard invested as Liberal candidate in Orford est apparu en premier sur Sherbrooke Record.

The traveling boom town

 

Live event travel

The stage for the BTS reunion concert in South Korea. Chung Sung-Jun/Getty Images

It stings when out-of-towners flock to a nearby concert that you couldn’t get tickets to, but at least your economy might get the last laugh. Taylor Swift’s and Beyoncé’s GDP-shifting world tours showed how restaurants and hotels can reap massive benefits when big arena shows come to town. So, go ahead—let all those other fans drop $300 on nosebleed seats while you bask in the economic ripple effects.

The next Eras Tour: Flights and hotel rooms in 34 cities around the world quickly sold out this year after the K-pop phenomenon BTS announced it was back together and going on an international tour. The group’s return is so eagerly anticipated that Booking.com searches surged 6,700% compared to a year prior for a November tour date in one Taiwanese host city.

Globally, the World Economic Forum (WEF) estimates that music tourism could surpass $9 billion in value by 2030 (driven by millennial and Gen Z spending power), marking a 50% increase from 2023.

That’s peanuts compared to sports tourism, which could comfortably surpass $1 trillion in the next few years, per the WEF. A chunk of that spending will happen in California, where tourist revenue is already among the highest in the US:

  • After putting on the Super Bowl and the NBA All-Star Game last month, the Golden State will host FIFA World Cup games this summer, the Super Bowl (again) next year, and the Olympics in 2028.
  • All together, the upcoming events are expected to generate billions of dollars locally.
  • For context, the CEO of the San Francisco 49ers said the most recent Super Bowl alone brought in ~$500 million to the Bay Area (though some academics are skeptical of that figure).

Other hot spots include…Sydney, London, Barcelona, Paris, Dubai, and New York, which top the leaderboards for event-based travel overall. For host cities, concerts and sports matches can be the perfect lure—30% of international event tourists plan to return to wherever they’re visiting, per the WEF.

Calls for a boycott of the 2026 FIFA World Cup are growing

 Calls for a boycott of the 2026 FIFA World Cup are growing, but how realistic is one?


The Conversation – Articles (CA) · 7 days ago
by Noah Eliot Vanderhoeven, PhD Candidate, Political Science, Western University


The next major international sporting event, the 2026 FIFA Men’s World Cup hosted jointly by the United States, Canada and Mexico, is already garnering international scrutiny. There have been numerous calls to boycott it.

Calls for a boycott were amplified recently following U.S. President Donald Trump’s threats to annex Greenland from Denmark, prompting soccer officials in Germany and France to broach the possibility of both countries boycotting the tournament.

Both countries’ soccer federations have pushed back against calls to boycott the World Cup for now, although recent events in Minneapolis have heightened concerns about the U.S.’ role in hosting the tournament and what that will mean for visitors.

Former FIFA President Sepp Blatter — who was suspended by FIFA in 2015 and replaced by current FIFA president Gianni Infantino amid a corruption scandal he was later acquitted of — recently voiced concerns over the marginalization of political opponents and violent crackdowns on immigration in the U.S.

The World Cup has historically been an event that brings together fans from across the world. Many fans rely on tourist visas, and ICE is expected to be responsible for security at the World Cup. ICE’s director has refused to commit to pausing the agency’s operations during the tournament.

Human rights groups have raised concerns over whether World Cup visitors will be detained and handed to ICE if they engage in actions deemed critical of the U.S. government.
Boycotts at international sporting events

In the history of international sporting events, boycotts have been far less common than bans.

Austria, Bulgaria, Germany, Hungary and the Ottoman Empire were not invited to attend the 1920 Olympic games after losing the First World War.

South Africa was invited to the 1964 Tokyo Games but saw their invitation rescinded due to apartheid, and only rejoined Olympic competition in 1992Rhodesia saw its invitation to the 1972 Games rescinded due to its government enacting a white supremacist regime.

Notably, both instances of rescinded invitations to the Olympic Games came after other African nations threatened to boycott the Games if South Africa and Rhodesia were invited to participate.

There were also partial boycotts at the 2022 Beijing Winter Olympics. Several nations announced a diplomatic boycott of the 2022 Winter Olympics to protest China’s mistreatment of the Uyghur Muslims, prohibiting many government officials from attending in an official capacity, while still permitting athletes to compete. Russia has been banned from most major international sports competitions since it invaded Ukraine in 2022.

However, the most famous boycott of an international sporting event occurred in 1980 ahead of the Summer Olympics in Moscow following the Soviet invasion of Afghanistan. More than 60 countries boycotted those Games, led by the U.S. In turn, 19 countries boycotted the 1984 Summer Olympics in Los Angeles, led by the Soviet Union and other Eastern bloc countries.

Yet there has never been a World Cup boycott by qualified teams on political grounds. In 1934, Uruguay famously chose not to travel to the second-ever World Cup in Italy because several European teams, including Italy, declined to travel to Uruguay for the inaugural tournament in 1930.

Prior to the 1966 World Cup, all African teams withdrew from qualifying in protest because FIFA had only allocated all of the teams from Africa, Asia and Oceania one combined place at the tournamentThere were calls for Norway to boycott the 2022 Men’s World Cup in Qatar, but they did not qualify for the tournament.
How likely is a boycott?

As of yet, no leaders of major soccer federations have endorsed calls for their country to boycott the tournament, despite pressure from some executives and politicians. It would likely take decisive action from a federation head, akin to the action President Jimmy Carter took prior to the 1980 Summer Olympics in Moscow, to arrive at a country boycotting.

Furthermore, given the relationship Trump has built up with FIFA president Gianni Infantino, the effect of a boycott, or any credible threats of one, on the United States’ immigration policy or hosting responsibilities would likely be rather limited, making a boycott an unpopular decision that may not achieve the desired goal of any boycotting nation.

Infantino attended Trump’s inauguration and controversially awarded Trump FIFA’s inaugural Peace Prize. More recently, he signed an agreement with Trumps’ Board of Peace on behalf of FIFA.

Infantino was also a staunch defender of Qatar’s building practices in the face of heavy human rights criticism and was willing to change FIFA’s policies at the last minute to acquiesce to Qatar’s demands for limited alcohol sales during the 2022 Men’s World Cup.

Trump could still escalate geopolitical tensions enough to spark further boycott discussions. But for now, a boycott remains unlikely, and even credible threats would likely do little to shift Infantino and Trump from the status quo.

Noah Eliot Vanderhoeven does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Almost 800 Quebec organizations utterly reject Bill 1


Almost 800 Quebec organizations utterly reject Bill 1

Sherbrooke Record · 3 days ago
by Matthew Mccully · News


Group opposing the CAQ’s Quebec constitution says the number of signatories is unprecedented

Michael Keegan
The Record – LJI

A declaration categorically rejecting the Coalition Avenir Québec’s proposed bill to create a Quebec constitution has been signed onto by 779 civil society groups from across the province, according five major organizations who held an online press conference on March 17.

Leaders from the Confederation of Trade Unions (CSN), the Quebec Federation of Labour (FTQ), the Quebec Women’s Federation (FFQ), the Autonomous Community Action Network of Quebec (RQ-ACA), and Quebec’s Rights and Freedoms League (LDL) held a press conference in French at the National Assembly in Quebec City to lay out the reasons why they and hundreds of organizations from across Quebec say Bill 1 must be withdrawn altogether.

On the LDL’s website, the English version of the declaration they all signed onto reads as follows:“Bill 1, the Quebec Constitutional Act, 2025, is a deliberate attack on democracy and human rights. The process is unilateral and rushed, and does not meet any of the democratic criteria for drafting a legitimate constitution. Furthermore, it perpetuates a colonial mindset by denying Indigenous people’s right to self-determination. Instead of addressing the issues that actually concern citizens (health, education, housing, the environment, gender equality, the cost of living, etc.), the government is attacking rights and freedoms, checks and balances, and the rule of law. Consequently, the undersigned groups demand the complete withdrawal of Bill 1.”

Caroline Senneville, President of the CSN, spoke first. Calling a constitution the foundation of a nation, she said, “What we have before us is a partisan bill from a government that day after day is losing its legitimacy, with a premier who has a known expiry date in April, a few weeks from now.”

Senneville said the bill had three fundamental flaws, the first being that it ignores First Nations. She said the second is that a constitution should be the law of laws, and the closest Quebec already has to such a thing — the Quebec Charter of Rights – is weakened by the bill. The third, she said, was that it was an extremely divisive document.

“That’s starting with three strikes,” she said.



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L’article Almost 800 Quebec organizations utterly reject Bill 1 est apparu en premier sur Sherbrooke Record.

Home sale contracts signed last month fell to the lowest point since 2001

 

Home for sale

Anchiy/Getty Images

Buying a starter home in 2026 is equivalent to medaling at the Olympics, at least in terms of how much your parents will brag about it to their friends. That’s because becoming someone who doesn’t shut up about their HOA a homeowner has become a feat attainable only in The Sims for most young Americans.

Though prices have come down slightly in the past year, the current median home sale price of $405,000 is far above the $329,000 from 2020. And on top of the initial price tag, there’s the eye-popping cost of a home loan, which has been driven up by the Federal Reserve hiking interest rates starting in 2022:

  • The average US mortgage rate may have dropped below 6% this week for the first time since 2022, but it’s still more than double the 2.97% rate in 2021.
  • Rising prices and mortgage rates pushed the average monthly mortgage payment to $2,329 in 2025, up from $1,924 two years prior, according to Rocket Homes.

Meanwhile, homeowners who locked in low mortgage rates pre-2022 are now reluctant to list their properties, constraining supply. As a result, prices for preowned homes are elevated, and fewer keys are changing hands. The number of home sale contracts signed last month fell to the lowest point since 2001, per the National Association of Realtors.

Older buyers, smaller homes

Pricier homes mean that by the time Americans have saved up for a down payment, they might need glasses to read the fine print on their mortgage documents: The median age of first-time homebuyers has climbed to 40 in 2025, from 30 in 2010.

While Americans are paying more for homes, they’re getting less floor space. The size of an average new home dropped by 11% over the last decade, while the price per square foot rose 74%, according to a recent LendingTree study. Developers are building homes with fewer hallways in order to scrimp on increasingly expensive labor and materials.

Silver linings

But there might be more housewarming parties soon. Mortgage rates have started to come down in recent months, thanks to the Fed slashing interest rates. Economists predict that rates continuing to decline could lead to more homeowners listing their dwellings as they look to move.

And though preowned homes are growing pricier, they’re also becoming more affordable for some, as price growth slowed and income growth outpaced home inflation last year. The rate of homeownership by Gen Zers rose by 1 percentage point last year to 27%, per Redfin, driven by new condos becoming more affordable.

But many youths are done chasing the white picket fence dream…instead turning to other ways to grow their piggy banks, like investments in stocks and crypto, particularly by those with spare cash but not enough of it to afford a home.

Americans are ditching America in droves

 

Illustration of the American flag, as if the stripes were roads or paths, and groups of people with luggage are using them to walk offscreen.

Nick Iluzada

If you hear someone with a Texas twang ordering a tall iced coffee with seven sugars in a Parisian cafe, they might be a local. Americans are moving abroad in record numbers, with at least 180,000 US citizens relocating overseas in 2025, according to the Wall Street Journal.

On top of surging deportations and lower immigration, departing Americans have flipped the migration balance, pushing US departures above arrivals for the first time since 1935, according to the Brookings Institution. An estimated 4 million to 9 million Americans are now expats, and their ranks grew last year:

  • The American population of Portugal grew more than fivefold from 4,768 in 2020 to 26,000 in 2025.
  • The number of Americans moving to Ireland more than doubled from 2024 (4,900) to 2025 (9,600), while British citizenship applications from US nationals grew to a record 8,790—42% more than the previous high of 6,192 in 2024.

Why seek greener pastures? A lower cost of living on a US income appeals, as do sangria lunches a Euro lifestyle and social-safety-net perks. Some transplants also cite concerns about the US political climate.

The American dream, for many, is now a villa in Barcelona. The share of US adults who desire to relocate overseas permanently doubled between 2010 and 2025, to 20%. And 40% of American women age 15 to 44 now say they want to leave the country, per Gallup.

The Epstein files are toppling business bigwigs

 

Jeffrey Epstein

Véronique Tournier/Getty Images

Besides bringing a windfall to crisis communications consultants, revelations in the Jeffrey Epstein files recently released by the Justice Department are spurring a parade of high-profile resignations across the business sector.

Some VIPs appeared to have been chummy with the disgraced late financier even after his crimes became Googleable. Many of those caught in the files’ fallout are now putting in their two weeks:

  • Hyatt Hotels Executive Chairman Tom Pritzker announced yesterday that he’ll retire from the board, citing his Epstein ties. Pritzker said he “exercised terrible judgment” after emails showed that he planned meetings with Epstein in the years after the financier was convicted of soliciting sex work from a minor in 2008.
  • Goldman Sachs accepted the resignation of its top lawyer, Kathryn Ruemmler, who corresponded with Epstein extensively in the late 2010s, thanking him for luxury gifts and addressing him as “Uncle Jeffrey.” She recently said she regrets having ever known him.
  • Hollywood talent agent and 2028 Los Angeles Olympics Chair Casey Wasserman is selling his agency after several celebrity clients like Chappell Roan defected over revelations that he exchanged flirty emails with Epstein’s convicted accomplice, Ghislaine Maxwell. Wasserman said his communication with Maxwell happened before her crimes were revealed publicly.
  • Brad Karp, the chairman of white-shoe law firm Paul Weiss, vacated the role (but remained at the company) after his emails with Epstein suggested the two were closer than previously known.

The files have also sent shockwaves through DC: Commerce Secretary Howard Lutnick is facing bipartisan calls to resign amid accusations that he downplayed the extent of his relationship with Epstein. Lutnick said they didn’t have a personal relationship but acknowledged stopping by Epstein's private island with his family in 2012.

The fallout is global…with the head of Dubai’s largest port operator, Sultan Ahmed bin Sulayem, leaving the position last week over Epstein links. Meanwhile, UK Prime Minister Keir Starmer’s chief of staff departed earlier this month for his role in appointing Epstein’s friend, Peter Mandelson, to the US ambassadorship. Mandelson was sacked from the post last year and resigned from parliament earlier this month.

54% of teens use AI for schoolwork

 

High school students on laptops

Getty Images

The days of cramming a SparkNotes summary of A Midsummer Night’s Dream 10 minutes before an in-class essay appear to be over. Instead, high schoolers are turning to chatbots for help.

According to a recent Pew Research Center survey:

  • More than half of US teens (54%) use AI chatbots to get help with schoolwork.
  • Even more students (59%) think that using AI to cheat happens regularly at their school.
  • They find it useful: More than a quarter of teens said chatbots are “extremely” helpful with schoolwork, while just 3% said AI is of no help at all.

When reached for comment, your former history teacher just kind of stared into the distance without saying anything, before walking away.

Companies seeking tariff refunds face uphill climb

 

President Trump with members of his administration at a press conference

The Washington Post/Getty Images

What do the businesses that shelled out $175 billion for Trump tariffs and anyone who was supposed to fly to the Northeast today have in common? They’re figuring out how to get refunds in light of drastic turns of events.

ICYMI: On Friday, the Supreme Court ruled that President Trump lacked authority to impose tariffs under the International Emergency Economic Powers Act without congressional approval, and that means the ones he created cannot stand.

In theory, that means the tariffs already collected ought to be refunded. But the Supreme Court stopped short of saying how, leaving it to the US Court of International Trade to figure out the refund process.

That might take a minute…

After the Supreme Court’s announcement on Friday, President Trump suggested refunds would not be easy to come by for companies seeking them, saying, “We’ll end up being in court for the next five years.”

But many businesses seem eager to get money back ASAP, since they began legal proceedings long before Friday. According to Reuters:

  • Two big US firms have filed hundreds of tariff refund cases since Liberation Day in April 2025, including those for J. Crew, Illumina, Dole, Diageo, Costco, EssilorLuxottica, Revlon, and more.
  • Smaller firms are handling hundreds of additional tariff lawsuits. Richard O’Neill from the 10-person law firm Neville Peterson said of companies that want to file suit, “The time to do it was yesterday. The next best time to file is today.”

Tariff Magic 8 Ball says “Cannot Predict Now”

International trade lawyer Nancy Fischer told Reuters that the amount of time it will take to disburse refunds “depends on whether the administration decides to play hardball. It could get resolved quickly…but I am not so sure that necessarily is going to be the case.”

Zoom out: Some companies may never try to get their refunds in an attempt to stay on the administration’s good side. US Trade Representative Jamieson Greer told ABC’s This Week that Trump’s tariff policy hasn’t changed and that the president will enact tariffs by other means.

10% attendance drop at AMC

 

Empty seats at AMC movie theatre

Jason Kempin/Getty Images

AMC moviegoers last year didn’t have to settle for seats in the first row as often as they did the year before. Yesterday, the company reported mixed results for Q4: It shrunk its losses, but theater attendance was down 10% for the year.

The problem isn’t just domestic: In fact, US attendance fell just 7.5% compared to international markets, which experienced a 15% drop, according to the report. But AMC isn’t raising alarm bells. It has been investing in premium screen experiences and tricking out its auditorium equipment for cinephiles, like Imax and Dolby Cinema screens, and even laser projection. And it believes 2026’s box office lineup will put all that gear to work and drive ticket sales higher.

With flicks like Christopher Nolan’s The Odyssey due out, a lot of folks probably will get excited to see Matt Damon’s anachronistic helmet rendered in exquisite detail. Even if some of us wish Ralph Fiennes were wearing it.

Private equity’s insatiable appetite for restaurants

 

McAlister’s Deli sandwiches

McAlister’s Deli

Subway, Dunkin’, Arby’s, P.F. Chang’s, Denny’s, Buffalo Wild Wings, Jimmy John’s, Hardee’s/Carl’s Jr., Auntie Anne’s, Baskin-Robbins, Cinnabon, Moe’s, Panera, and Bob Evans all share a common ingredient: private equity (salt, too, probably).

Between 2014 and 2024, PE firms invested $94.5 billion in bars and restaurants, CNBC reported, citing PitchBook data. And while that cash can be a much-needed boon for a growing restaurant chain, it can also be a major source of indigestion.

The upsides of private equity: At its best, a PE investment can be like making a deal on Shark Tank. You get a big capital infusion, as well as some expertise on how to scale the business, operate more efficiently, and grow the brand. One of PE’s biggest success stories has been fast-casual eatery McAlister’s Deli. Per Restaurant Business Online:

  • McAlister’s was acquired by PE firm Roark in 2005.
  • By 2025, its system sales had grown 530%.
  • It’s now worth more than $1 billion.

But PE acquisitions can also be a recipe for disaster. Nearly half of the restaurant and bar chains that filed for bankruptcy in 2024 were backed by private equity, per CNBC and PitchBook. Some of them were doomed, in part, by classic PE tactics, like leveraged buyouts. That’s when a PE firm borrows a ton of cash to buy a restaurant chain, then passes that debt onto the restaurant after the sale.

Then, there’s the tactic that cooked Red Lobster: sale-leasebacks, which involve a PE firm selling a chain’s real estate out from under it, then making the restaurant pay above-market rent.

PE firms currently making bread: Blackstone acquired sandwich chain Jersey Mike’s early last year for about $8 billion. Now, the company is looking to go public at a valuation of at least $12 billion, Bloomberg reported.

Is private equity past its prime?

 

A large office building with a shiny dollar sign emerging from the top.

Morning Brew Design

There’s a good chance that the person who chastises you for not flossing answers to folks who can’t stop talking about discounted cash flow.

Private equity (PE) funds now own a record number of US businesses—from dentists’ offices to carwashes and national bookstore chains. Firms like KKR and Blackstone have armies of vest-donning management pros that raise money from pension funds and other institutional investors to buy companies, give them a Bar Rescue-style revamp, and eventually (hopefully) sell them at a profit.

Over the last 15 years, the number of US companies under PE ownership more than doubled, from just over 6,000 in 2010 to almost 13,000 as of the end of 2025, and they currently account for about 7% of US GDP.

But as the industry’s grip on the economy grew, so did the ranks of haters pointing out cases where funds saddled businesses with debt and conducted layoffs, leaving them with degraded service. Pro-PE economists, meanwhile, say that acquisitions often save struggling businesses from bankruptcy by making them more productive, boosting employment, and delivering investors handsome returns.

But now, investors have soured

PE’s heyday—when it paid returns that leave the S&P 500 in the dust—is roughly the investor equivalent of your grandparents’ memories of when a gallon of milk cost a nickel. Rising interest rates in recent years have depressed the valuations of portfolio companies and made it more difficult for private equity funds to find buyers, delaying their ability to pay back investors:

  • While company sales by private equity funds rose almost 5% last year, the total proceeds from the sales declined by 21%.
  • From 2022 to Q3 2025, annual returns from an index of private equity funds were 5.8%—only about half of the S&P 500’s 11.6% during the same period, according to research firm MSCI.

In some cases, private equity funds have had to resort to controversial financial engineering to return money to investors.

Declining returns have made investors skeptical about shoveling more cash into the business buyout houses: Private equity funds raised 11% less money last year than in 2024. But signs of a rebound in dealmaking are making industry giants optimistic. PE-owned Medline completed the biggest IPO since 2021 late last year.

Retail investors to the rescue? President Trump recently signed an executive order to make it easier for Americans’ 401(k)s to invest in PE funds, saying that it would allow rank-and-file workers to capture the returns from these funds. But critics say that the industry needs Americans’ retirement piggy banks more than they need PE, arguing that private equity funds have far fewer transparency requirements than the stock market and that management fees eat up returns.

How Mars went from candy to pet care superpower

 

Two photos of a woman eating chocolate and a dog eating from a bowl

Morning Brew Design, Photos: Nastasic/Getty Images, Adobe Stock

There’s a company that makes candy bars. There’s a company that runs veterinary clinics. Somehow, this is the same company. Thanks to one savvy pivot nearly a century ago, Mars has become a $137 billion business that sells both candy bars and pet food.

While it seems counterintuitive that one company manufactures Snickers and Pedigree, Mars, which started selling confectionery in 1911, has been in the pet food business since 1935, when it bought Chappie, a UK-based dog food company, which eventually became Pedigree. That diversification was only the start for Mars in the pet world:

  • The company acquired and launched more pet foods in the 1960s—Whiskas for cats and Kal Kan for dogs. In 1965, Mars established the Waltham Petcare Science Institute to study the dietary needs of pets and tailor the food with the backing of pet health scientists.
  • With the bellies of dogs and cats full, it was time to get into pet health and diagnostics. Mars bought into Banfield Pet Hospital in 1994 and took on the entire operation in 2007. It bought up more pet clinics between 2015 and 2018, including the $9.1 billion acquisition of VCA (formerly Veterinary Centers of America), a company with 800 animal hospitals.

Pet hospitality: Mars now owns more than 3,000 veterinary clinics worldwide. Hopefully, there’s always a loaded candy dish with Milky Ways and Skittles at the front desk (for humans only).

Bottom line: Mars makes more money from your pet than your sweet tooth. Per Acquired Briefing, the privately held family company makes ~60% of its revenue from the pet care side of the business and runs neck-and-neck with Purina (owned by Nestlé, another major candy player) as the world’s biggest pet care company, with both reaching ~$22 billion revenue annually.

$3,400 an hour for lawyer fees

 

A statue of Lady Justice is blindfolded with a 100 dollar bill, while more money blows into the distance behind her.

Morning Brew Design

Don’t let Saul Goodman hear about what lawyers today are getting away with. Amid a competitive market for talent and increased law firm expenses, hourly rates for America’s top lawyers are skyrocketing. According to the Wall Street Journal:

  • Some senior partners charge $3,400/hour—up from $2,500 about a year ago.
  • Rates for partners at the 50 biggest firms spiked by 16% last year.
  • One California lawyer charges $6,000/hour for consulting on compliance issues in telecom regulation.

Meanwhile, lower-level attorneys’ fees haven’t ballooned in the same way because firms are increasingly turning to AI tools to do their routine work, like reviewing documents and completing regulatory filings.

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