The Globe and Mail – Report on Business | September 15, 2016 

 

Michael Babad’s Top Business Stories of the day

 

Morning Briefing: Why we’re so beholden to our banks

What a 1-percentage-point rise in mortgage rates could mean Read more

Today’s Business Headlines

Wal-Mart’s ban on Visa spreads to Manitoba

Starting on Oct. 24, Wal-Mart will stop accepting Visa in all 16 of its Manitoba stores Read more

Golf Town to be sold off to debt holders, close some stores

Ailing specialty chain has been struggling to draw in customers while battling online competition in a weak market, and will be closing stores Read more

Canada given lukewarm grade on anti-money laundering efforts

Financial Action Task Force says efforts have improved, but significant gaps leave the country open to illicit financial activities Read more

Empire Co. profit falls as challenges in Western Canada persist

Parent company of the Sobeys grocery store chain earned $65.4-million in its latest quarter compared with $108.8-million a year ago Read more

Bayer-Monsanto deal the latest merger to sweep beleaguered agri-foods sector

Bayer agrees to $128 (U.S.) per share offer; companies agree on $2-billion break-up fee Read more

Source: The Globe and Mail 

NHL exec notes link between fighting, concussions: report

Deputy commissioner Bill Daly (l.) and commissioner Gary Bettman (r.) in 2012.

BY   NEW YORK DAILY NEWS

Monday, March 28, 2016, 9:23 PM

Emails unsealed by a U.S. federal court in Minneapolis revealed NHL deputy commissioner Bill Daly wrote in September 2011 that fighting in hockey leads to more brain injuries, including “personal tragedies,” according to a TSN report.

Daly was responding to an email from commissioner Gary Bettman, sent to Daly and then-player-safety executive Brendan Shanahan. Bettman was commenting on a Globe and Mail article Shanahan sent the other two with the headline “Getting rid of hockey’s goons.” Three NHL enforcers, Derek Boogaard, Rick Rypien and Wade Belak, all died during a span of less than four months in 2011.

“Do you remember what happened when we tried to eliminate the staged fights?” Bettman emailed to Daly and Shanahan on Sept. 3, 2011, according to TSN. “The ‘fighters’ objected and so did the pa [NHLPA]. Eliminating fighting would mean eliminating the jobs of the ‘fighters’, meaning that these guys would not have NHL careers. An interesting question is whether being an NHL fighter does this to you (I don’t believe so) or whether a certain type of person (who wouldn’t otherwise be skilled enough to be an NHL player) gravitates to this job (I believe more likely).”

“I tend to think its a little bit of both,” Daly responded in an email the NHL sought to keep sealed. “Fighting raises the incidence of head injuries/concussions, which raises the incidence of depression onset, which raises the incidence of personal tragedies.”

Bettman then replied that he believed “the fighting and possible concussions could aggravate a condition. But if you think about the tragedies there were probably certain predispositions. Again, though, the bigger issue is whether the [NHLPA]would consent to in effect eliminate a certain type of ‘role’ and player. And, if they don’t, we might try to do it anyway and take the ‘fight’ (pun intended).”

Shanahan then wrote that the previous NHLPA regime would be against that. He also said that while fighters used to aspire to rise above the fourth line, now those players train to be fighters.

The fighters used to ingest alcohol or cocaine to deal with their role, Shanahan said, but “now they take pills. Pills to sleep. Pills to wake up. Pills to ease the pain. Pills to amp up. Getting them online.”

The discussion contradicts the NHL’s public stance on the dangers of concussions. Last year, Bettman tried to downplay the link between concussions and chronic traumatic encephalopathy (CTE.) This month at the NHL general managers’ meeting, after NFL safety executive Jeff Miller admitted a link between CTE and football, Bettman said “I think it’s fairly clear that playing hockey isn’t the same as playing football.”

After former players filed suit against the NHL in September 2013 alleging the league covered up knowledge of the long-term effects of head trauma, the NHL hired Edelman Berland, a market-research company, to find out how fans perceive violence in the NHL compared to the NFL.

In response to Michael Berland, the market-research company’s chief executive, NHL executive vice president of communications Gary Meagher described the NFL’s concern for player safety as “smoke and mirrors”

Meagher also wrote “The nhl has never been in the business of trying to make the game safer at all levels and we have never tried to sell the fact that this is who we are… The question is: should we be in that business and if we were, what could we possibly achieve without throwing millions of dollars at education.”

He later added that the NHL doesn’t see selling safety “as an important part of our mandate.”

Source: NHL exec notes link between fighting, concussions: report – NY Daily News

Teck Resources Ltd lower today, after setting a new 100-day high

screenshot-www theglobeandmail com 2016-03-08 06-50-26

Teck Resources Ltd is sharply lower today, dropping $0.36 or 3.35% to $10.39 after setting a new 100-day high. Over the last five days, shares have gained 30.53% and 94.57% year to date. Shares have underperformed the S&P TSX by 32.22% during the last year.

Source: http://www.theglobeandmail.com/