Harvard affirmative action case goes to trial Monday

A lawsuit challenging Harvard University’s use of race as a factor in admission decisions heads to trial Monday in Boston. At issue is whether the school unfairly discriminates against Asian-American applicants, whom the lawsuit says would have a better chance of acceptance — all other things being equal — were they white, black, or Hispanic. Harvard says it considers applicants using a “whole person review” and cultivates a “diverse campus environment.” “The case is critically important,” said Nicole Gon Ochi of Asian Americans Advancing Justice–Los Angeles, which backs Harvard, “as it’s really about diversity at colleges all across the country.” Harrison Chen, an Asian-American student who was rejected by Harvard… Read More

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Deciem CEO Brandon Truaxe Out After Estee Lauder Intervention

TORONTO — The founder of Deciem, the self-professed “Abnormal Beauty Company,” saw his reign at the Toronto cosmetics brand come to an unusual end on Friday. Brandon Truaxe was ousted from his role as the company’s chief executive and board member on an interim basis after a judge approved an Ontario court application from Estee Lauder Companies Inc., which holds a one-third stake in Deciem. New York-based Estee Lauder pushed for Truaxe to be removed from the company, barred from “issuing statements or circulating media” on Deciem’s social media accounts and restricted from talking to the company’s employees or making personnel and business changes to Deciem. View this post on… Read More

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Nearly 1 In 4 Canadians Feel Crushed By Their Debts: BDO Canada Affordability Index

In a country where the average personal non-mortgage debt is $20,000, it’s no surprise about one in four Canadians are feeling overwhelmed by how much they owe, according to a new survey. According to BDO Canada’s first Affordability Index released this week, Canadians struggling the most with debt tend to be younger, earning less, and are dealing with the cost of raising a family while paying down a mortgage. One-fifth of Canadians (20 per cent) without kids say their debt is so overwhelming they don’t know what to do about it, compared to more than one-third of those with children (34 per cent). Women are more likely to carry heavier… Read More

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(Nearly) Free Oil, Anyone? Oilsands Product Sells At Bargain-Basement $16 A Barrel

Canadian oil can’t get to the world, and the world won’t pay for what it can’t have. The result? Canadian crude was trading at a 77-per-cent discount to benchmark North American oil at the end of this week. Canadian crude prices have fallen for much of the past two weeks, with Western Canadian Select (WCS) — the benchmark price for product from the oilsands — dropping to US$16 a barrel on Friday. That pretty much ties for the lowest prices in records going back to 2009, and it’s down nearly 37 per cent since its close on Monday. By comparison, West Texas Intermediate (WTI) — the benchmark price for North… Read More

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Ontario Government Cancels Beer Tax Increase

TORONTO — The Ontario government says it will cancel a scheduled increase in the provincial beer tax that was set to kick in next month. The Progressive Conservatives say the three-cent-per-litre increase was planned by the previous Liberal regime and will be scrapped. The government says beer taxes have increased by three cents per litre each year since 2015. It says it’s stopping the increase that was set to go into effect Nov. 1 as it reviews the province’s approach to beer and wine sales, including the possible expansion of sales into corner and big box stores. The government could not immediately say how much tax revenue it will forgo… Read More

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