Monthly Archives: September 2019
OTTAWA – The plunge on stock markets in recent days may have rattled investors, but a financial adviser says the drop is a reminder of the importance of understanding your risk tolerance and building a strong financial plan.
The S&P/TSX composite index is down more than 15 per cent from its high reached last year, while the Dow Jones industrial average is off more than 10 per cent from its high reached earlier this year.
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“If you are telling me today that your risk tolerance is not what you thought it was and you’re in the wrong model and you don’t want any downside losses, then we have some things to chat about,” said Brent Vandermeer, a portfolio manager with HollisWealth.
“This is part of what equity markets have consistently done and will continue to do and we have to endure these downside storms even though we get very fearful and worried it is going to keep going down to zero.”
MORE: TSX, North American stocks recover from turbulent plunge
If the plunge in the markets has rattled your nerves and you’ve realized that you really can’t tolerate the risk like thought you could, Vandermeer recommends making changes to your portfolio now, not waiting for a little bounce back.
“You can’t postpone and hope that tomorrow is better,” he said. “The trend is usually persistent for a while and that’s the unfortunate part.”
While the drop in recent days looks big, compared with the downturn during the 2008-09 financial crisis, the move remains relatively small.
During the financial crisis, the S&P/TSX composite index dropped more than 7,000 points from its high in 2008 before the crisis to its low point in 2009.
The drop in the market follows a move by China earlier this month to devalue its currency amid concerns about growth in its economy.
The stock market has also been fuelled in recent years by the flood in cheap money made available by central banks, which helped keep interest rates low.
TORONTO – The Toronto Blue Jays are in first in the American League East and looking like a serious post-season contender for the first time since they won the 1993 World Series. Here’s a look at five members of the 1992 and 1993 World Series champion Blue Jays and where they are now.
The right-handed pitcher was drafted by Toronto in 1986 and debuted with the Blue Jays in 1991. He came out of the bullpen throughout the 1992 season with a total of 50.1 innings pitched. Hentgen’s impact was really felt in 1993 when he led Toronto with a 19-9 record in the regular season with 122 strikeouts and 3.87 earned-run average.
He won Game 3 of the 1993 World Series against the Philadelphia Phillies, giving up one earned run over six innings of work as Toronto rolled to a 10-3 victory.
Pat Hentgen throws a pitch during a game against the California Angels at Anaheim Stadium in Anaheim, California.
Hentgen continued to improve on the mound, winning the American League’s Cy Young in 1996. He retired in 2004.
Today, Hentgen is still involved with the Blue Jays, working in the team’s front office as Special Assistant to the Organization.
Olerud became Toronto’s full-time first baseman at the start of the 1992 season and immediately made an impact. His sharp defensive play – with trademark batting helmet always on in the field – coupled with his strong hitting made him an important piece of both World Series teams.
John Olerud tries to tag out Oakland A’s Rickey Henderson in a pick-off attempt at first base on October 12, 1992 in the third inning of game five of the American League Championship Series in Oakland, CA.
Chris Wilkins/AFP/Getty Images
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He led the American League in batting average (.363), intentional walks (33), times on base (321), on-base percentage (.473) and doubles (54, also a career high) in 1993. That season he made career highs in home runs (24), RBIs (107), runs (109), and hits (200). An exciting subplot to Toronto’s season that year was his quest to become the first player since Ted Williams in 1941 to hit .400 in a season. His average staying higher than .400 as late as Aug. 24.
Olerud played for the New York Mets, Seattle Mariners, New York Yankees and Boston Red Sox before retiring in December 2005.
He nows lives in Washington with his wife and children. The NCAA’s John Olerud Award is given to the best two-way player in American collegiate baseball after his All-American play for Washington State University as a pitcher and first baseman. He was inducted into the National College Baseball Hall of Fame in 2007.
Tom “the Terminator” Henke was Toronto’s dependable closer in 1992, with Ward serving as an increasingly reliable setup man. But in 1993 Henke had moved on to the Texas Rangers, allowing Ward to take over the coveted closer’s role.
Ward earned 45 saves with 97 strikeouts in the regular season, with saves in Game 1 and Game 4 against the Philadelphia Phillies. He was also the pitcher of record when Joe Carter hit his walkoff three-run homer in Game 6 of the 1993 World Series, handing the Blue Jays closer the win. Amazingly, it was Ward’s last appearance as a closer in the majors. He missed the entire 1994 season with bicep tendinitis and retired after pitching four games for the Blue Jays in 1995.
Baseball fans in the Toronto area know exactly where Ward is today. He is regularly featured on local Blue Jays radio broadcasts, filling in for colour commentator Joe Siddall.
Blonde-haired third baseman Gruber was selected by the Blue Jays in the 1983 Rule 5 Draft, taking him from the Cleveland Indians organization. He was the first player in Blue Jays history to hit for the cycle, earning four hits in six at bats on April 16, 1989.
However, Gruber’s best known for his role in a non-call in Game 3 of the 1992 World Series. Gruber made a diving tag on Braves baserunner Deion Sanders’ foot between second and third base to record the final out of a triple play. It would have been only the second such play in World Series history. However, the second-base umpire ruled Sanders safe.
Kelly Gruber readies for a play during a game against the California Angels at Anaheim Stadium on May 10, 1992 in California.
Stephen Dunn/Getty Images
Gruber tore his rotator cuff on the play but he still hit a key game-tying home run in the eighth inning, and the Jays would go on to win the game and the Series.
He was traded to the California Angels in 1993 but had to retire after 63 games due to a bone spur on his spine that threatened paralysis. Gruber attempted a comeback with the Baltimore Orioles in 1997 but decided to retire for good to preserve his health.
Today Gruber holds baseball seminars and does public appearances as a motivational speaker for charitable organizations.
The trade that brought Carter and Roberto Alomar from the San Diego Padres to Toronto in 1990 was the crucial move that created the Blue Jays dynasty of the early 1990s. Carter was a clubhouse leader in Toronto and made the final out of the 1992 World Series.
Toronto Blue Jays Paul Molitor and Joe Carter stand with the World Series trophy in the Jays clubhouse after defeating the Philadelphia Phillies 8-6 to win their second straight World Series on Oct. 23, 1993.
Frank Gunn/The Canadian Press
However, he is best remembered for his walkoff three-run home run in the bottom of the ninth inning of Game 6 in the 1993 World Series. Carter’s exuberant jumping around the bases is the most memorable moment in Blue Jays history.
He stayed in Toronto until 1997 and briefly played with the Baltimore Orioles and San Francisco Giants before retiring in 1998.
Carter had a brief career as a TV broadcaster for the Blue Jays and Chicago Cubs before focusing on doing charitable works for the Children’s Aid Foundation. He was also featured on the cover of Drake’s song “Back to Back,” a track devoted to insulting Philadelphia-based rapper Meek Mill.
©2015The Canadian Press
REGINA – A former care aide will spend the next year on probation after slapping a resident at the Regina seniors home she worked at.
Tessie Weigetz, 56, was first charged with assault on December 31, 2014, after Santa Maria Senior Citizens Home had passed a video of the incident to police earlier in the month.
In addition to probation, Weigetz will have to do community service and was ordered to write an apology to the victim and his family.
Court heard Monday that Weigetz also dismantled the resident’s alarm system so he could not call for help.
The victim’s family says they installed a surveillance camera in November 2014 because the senior, who suffers from dementia, had complained of being hurt during the overnight hours.
In a victim impact statement, Doreen Small, the victim’s wife, said her husband always described his tormentor as “the woman in red.” Small said she feels guilty for not doing something to help her husband sooner.
Crown prosecutor Mitchell Miller called it a breach of trust. “This gentleman is in, basically, what’s his home. The family is expecting he’s taken care of well and I think that standard was breached.
“Nobody should be assaulted in their own home.”
“It’s just felt never-ending, so we’re very relieved that it’s finally over now,” said the victim’s daughter, Lori Hallas. “Maybe we can move forward and make changes to the system.”
Weigetz had pleaded guilty to the charge. Her lawyer noted a 15-year, “excellent” employment record prior to the assault, saying she’s sorry for the incident – also admitting frustration, feeling Santa Maria was understaffed at the time of the assault.
Both the Crown and defense agreed on the sentence.
Government creates oversight committee in wake of alleged senior assault
UPDATED: Care home workers share worries about workload, patient neglect
WATCH ABOVE: Peggy Hubbard’s rant about Black Lives Matter activists has been viewed over 7 million times since it was uploaded to Facebook late last week.
WARNING: This post and video contains graphic language that may offend some users. Discretion is advised.
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Over seven million people have viewed Peggy Hubbard’s six-minute long video in which she critiques a portion of the Black Lives Matter movement after it protested the killing of a young black man but not the death of a 9-year-old girl killed by a stray bullet.
Hubbard, a Ferguson, Missouri grandmother and a veteran of the U.S. Navy, posted the video on Thursday with the short abstract “From my heart!”
In it, she laments the fact Black Lives Matters activists protested the police-involved killing of Mansur Ball-Bey during an attempted arrest in St. Louis. The 18-year-old teen was shot in the back, according to the local medical examiner, while officers attempted to serve a search warrant. According to a report in the Wall Street Journal, Ball-Bey pointed a gun at officers prior to being shot.
“They went to execute a warrant for arrest for a very, very bad guy,” Hubbard said in the video. “Within the same time frame, news broke out about a nine-year-old girl in Ferguson who died in a drive-by shooting, in her room, doing her homework. She dies by a stray bullet to the chest.”
“Last night, who do you think they protested for? The thug. The criminal. Because they’re hollering police brutality, are you f—ing kidding me? Police brutality? How about black brutality?”
Black Lives Matter is a political movement borne out of a spate of police-involved deaths of young black men in the United States: Most notably, the death of Michael Brown in Ferguson and Freddie Gray in Baltimore, which sparked widespread, sometimes violent, protests.
Hubbard suggested the movement should focus on problems within its own community rather than strictly police brutality.
“You want to be upset about black lives? You want to be upset about police brutality? There is real police brutality out there, I’ll give you that,” Hubbard concedes.
“But night after night after night, on channel 4, channel 2, channel 5, channel 30, channel 11, St. Louis Post-Dispatch, murder, murder, murder, murder, black on black murder. But yet you a–holes are out there tearing up your own s–t… for a criminal, for a thug?”
WATCH: A Spokane, Washington inmate tried to escape his prison cell by tying bed sheets together to make a rope and hanging it from his cell window. Briana Bermensolo has more.
SPOKANE, Wash. – Staffers at a jail in eastern Washington state foiled an escape attempt by spotting a long trail of knotted bed sheets hanging from the window of a cell housing a suspect in a murder-for-hire plot.
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They saw the rope of sheets that nearly reached the ground around 4:30 a.m. Thursday and put the Spokane County Jail on lockdown. The escape “was thwarted by the good work of the staff,” FBI spokesman Frank Harrill told the Spokane newspaper The Spokesman-Review.
The cell belongs to James Henrikson, a felon linked to fraud and terror in North Dakota. He was sent to Washington state to face federal charges of ordering the killings of a business associate that owed him nearly $2 million and his former trucking company employee.
READ MORE: Escaped inmate arrested by Prince Albert police
After finding the dangling sheets, officials moved Henrikson and a cellmate to another part of the jail. The cell window is about 4 feet tall but less than 5 inches wide, according to Spokane County Jail Commander John McGrath.
In February, authorities investigated after another inmate reported that Henrikson planned to escape by having a team attack a U.S. Marshals Service van with guns, grenades and gasoline, according to court records.
Last September, Henrikson was indicted on murder-for-hire charges in the deaths of Doug Carlile and Kristopher “K.C.” Clarke in Washington state. He was extradited to Washington from a North Dakota jail, where he was being held on illegal weapons charges.
The indictment came nine months after Carlile, 63, was shot in the kitchen of his house in an upscale Spokane neighborhood after returning from church, and two-and-a-half years after Clarke, 30, was last seen at Henrikson’s trucking company, Blackstone LLC. Clarke’s body has never been found.
READ MORE: U.S. prison worker pleads guilty in escape of 2 killers
Henrikson, 36, formerly of Watford City, North Dakota, has told investigators that Carlile owed him nearly $1.9 million for their dealings in Kingdom Dynamics, an oil development firm.
The indictment also alleges that Henrikson conspired to kill three other people.
Ken Coburn, who was working out near the jail around 6 a.m. Thursday, said he was surprised to see the knotted-together bed sheets hanging from one of the jail’s windows.
“That’s the oldest trick in the book, next to putting a file in a cake,” he said.
©2015The Canadian Press