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Canada "Not Intimidated," $1 Million Apple, Adorkable

A three-month-old baby was killed in a Jerusalem car crash Wednesday
A three-month-old baby was killed in a Jerusalem car crash Wednesday

Thursday, October 23, 2014

Details of the suspected Ottawa gunman who killed Canadian soldier Nathan Cirillo in Ottawa yesterday are starting to emerge. The Globe And Maildescribes 32-year-old Michael Zehaf-Bibeau as “a man who had had a religious awakening and seemed to have become mentally unstable.” The Toronto Star portrays him as a small-time criminal with a long rap sheet. It appears that the suspect had failed to secure the required documentation for a trip abroad and was designated a “high-risk traveler.” After shooting the soldier, Zehaf-Bibeau turned towards the parliament where he also opened fire before being shot dead by Kevin Vickers, the House of Commons sergeant-at-arms. The Guardian notes, however, that “it remains unclear how the he made his way past the armed guards protecting the building.”

In a televised address to the nation last night, Canadian Prime Minister Stephen Harper said "we will not be intimidated. Canada will never be intimidated." He added, "this will lead us to strengthen our resolve and redouble our efforts to take all necessary steps to identify and counter threats and keep Canada safe." Although admitting these attacks show Canada is "not immune to terrorist attacks," he also insisted the perpetrators "will have no safe haven" in the country.

Yesterday’s attack came after another Canadian soldier was killed in a hit-and-run Monday by Martin Rouleau-Couture, a Muslim convert who had his passport confiscated amid suspicion that he might be trying to join a Syrian jihadist group. It’s unclear whether the two events are connected or related to Canada’s recent decision to join the U.S.-led coalition against ISIS.

In a strongly worded editorial, The Globe And Mail asks “why these men, considered sufficiently high-risk to be denied the right to travel, were never charged” and wonders “whether Canada needs to change.” Replying to a tweet from New York Times columnist Roger Cohen — “When Canada goes, it’s all over” — the editorial concludes, “We have had a bad week. There is much loss to mourn. But we are still here. We are still standing. The True North remains, strong and free.”

Kurdish officials and doctors in the Syrian border town of Kobani said yesterday that ISIS fighters had released “a sort of toxic gas” in eastern parts of the embattled city, though they lack equipment to say precisely which agent was used, Iranian Press TV reports. Meanwhile, the parliament in the autonomous Iraqi Kurdistan region has approved sending Peshmerga fighters to Kobani to assist Syrian Kurds. The Syrian Observatory for Human Rights says that U.S.-led airstrikes in Syria have killed 553 ISIS fighters and 32 civilians, but the exact number of strikes is not known. Meanwhile, The Washington Post reports that moderate Syrian opposition fighters will be trained by the U.S. not to attack ISIS-controlled territory, but only to defend ground, an approach that some U.S. and allied officials consider “flawed.”

As German expat Beate Wild explains in Süddeutsche Zeitung, American microbrews are getting it all wrong. “As a Bavarian, I’m having a hard time getting used to the brews they call beer here,” Wild writes from California. “That may sound arrogant, but what can you do: I grew up with beers brewed in accordance with the German Purity Law. These beers are praised worldwide. (It is true that many of the beers mentioned here, like German beer made in accordance with the purity law, do not contain additives.) An informal poll among German expat friends here from Hamburg, Hesse and Saxony showed that they feel the same way about American beer as I do.”
Read the full article, In San Francisco Microbrew Mecca, Yearning For Bavarian Beer.

Mexico’s attorney general has ordered the arrest of Iguala Mayor Jose Luis Abarca and his wife, and accused the pair of being behind the killing of six students and the disappearance of another 43 after they clashed with police last month, EFE reports. Abarca and his wife, who are believed to be on the run, were accused of having ordered the police operation against the students on Sept. 26 to prevent protesters from disrupting an event hosted by the mayor’s wife. At least 52 people have already been arrested in connection with the case. Investigators are still working to establish whether 30 bodies found in a mass grave could be those of the missing students. The first tests returned negative, but further DNA samples have been taken by an Argentinian team, and the results are expected soon.

A rare Apple-1 computer sold for nearly $1 million at an auction in New York yesterday.

A three-month-old baby was killed and seven people were injured when a car slammed into pedestrians at a Jerusalem light railway stop late Wednesday. Israeli officials have called the incident a terrorist attack, and it comes amid rising tensions in the city. The driver was shot by the police and died later in hospital. The Jerusalem Post reports that this morning that “Arab assailants hurled stones at a kindergarten” in East Jerusalem. After yesterday’s events, Prime Minister Benjamin Netanyahu accused Palestinian leader Mahmoud Abbas of encouraging “terrorist attacks.”

The Director General of Moscow’s Vnukovo International Airport and his deputy have resigned less than three days after a private jet crashed and killed four people, including the CEO of French oil giant Total. Russian news agency Tass also reports that four staff members have been arrested on suspicion of negligence. Among them is the man who was overseeing snow clearing on the night of the accident, Reuters reports. In an editorial, The Moscow Times writes that public safety in Russia “is compromised because of negligence on the part of the authorities tasked with upholding it” and argues that this crash is similar to that of MH17 in eastern Ukraine in that it will attract “international attention to what was previously seen as an essentially local problem.”

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It’s that time of year again. As many as 50,000 new words have been added to the Collins Dictionary. Among them: photobomb, bakeoff, twerk and our personal favorite, adorkable.

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How SVB Is Different Than Lehman — And Not Different Enough

The fall of Silicon Valley Bank revives memories of Lehman Brothers' bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.

Photo of a person in front of a Silicon Valley Bank

A Silicon Valley Bank (SVB) branch office in Pasadena, California

Jean-Marc Vittori


PARIS — In finance, brands can be the omens of disaster. On Monday, April 2, 2007, New Century Financial collapsed. The fall of this "financial institution of the new century," which had failed to properly assess risks, was the true starting point of the great financial crisis that culminated 18 months later with the bankruptcy of Lehman Brothers.

On Friday, March 10, 2023, Silicon Valley Bank (SVB) was shut down by U.S. authorities following the largest bank run in history. Its clients wanted to withdraw $42 billion in a single day.

The closure of the Silicon Valley bank was a result of disastrous management, but also from its central role in a start-up ecosystem that's been weakened by a scarcity of money.

The key question is: Is this closure the starting point of a new crisis?

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