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Contracts for the purchase of troubled Boeing 737 MAX aircraft have been suspended indefinitely by a number of Russian airlines, according to Vladimir Afonsky, a member of the State Duma Committee on Transport and Construction.

He told TASS, with a reference to Deputy Transport Minister Aleksandr Yurchik, that these were contracts for the supply of several dozen aircraft to UTair, Ural Airlines, Pobeda Airlines and S7.

The indefinite suspension will last “until the circumstances of this situation [the two recent crashes of the Boeing 737 MAX planes] were ascertained,” Afonsky said.

Ural Airlines had ordered 14 MAX aircraft from Boeing, with the first jet expected to arrive in October. Pobeda Airlines (part of the Aeroflot Group) was planning to buy 30 planes. It has not sealed a firm contract yet but had already made an advance payment for the aircraft.

Aeroflot CEO Vitaly Savelyev said earlier that the company could refuse operating twenty MAX planes ordered for Pobeda.

Earlier this month, Boeing 737 MAX planes were grounded worldwide after two similar crashes just months apart. Last October, a Lion Air jet crashed in Indonesia, killing all 189 people on board. On March 10, another crash killed 157 people in Ethiopia.

For more stories on economy & finance visit RT’s business section

Continuing on the road to the Women’s College World Series (WCWS), ESPN will televise every game from the NCAA Division I Softball Super Regionals providing fans up to 24 games across ESPN networks from Thursday, May 24, to Sunday, May 27. Games will be available on ESPN, ESPN2 and ESPNU.

Road to the Women’s College World Series 
What started as a field of 64 has been reduced to 16 heading into the Super Regionals with this weekend determining the eight teams that will compete in the Women’s College World Series. For the second consecutive year, all 16 national seeds advanced following regional play with only three of those teams needing a game seven to punch their ticket.

The two-time defending champions No. 4 Oklahoma Sooners will host the No.13 Arkansas Razorbacks who make their first ever appearance in the Super Regionals. No. 1 seed Oregon will host No. 16 Kentucky in Eugene for the second consecutive year. Perhaps the most-storied Super Regional will be Los Angeles, where fans will witness the two most winningest teams in NCAA softball history in No. 3 UCLA and No. 14 Arizona—who, between the two schools, hold 19 of the 35 WCWS titles.

Shaggin’ Stats

  • The SEC continues on a three-year streak of being the conference to send the most teams to the Super Regionals with nine, breaking its own record of eight from last year.
  • No.12 Alabama has made the highest number of appearances at the Super Regionals (format began in 2005) with 14, followed by No. 8 Arizona with 13, No. 4 Oklahoma and No. 5 Washington both with 12
  • Three of the Super Regional match-ups will be between Pac-12 and SEC Schools. The Pac-12 is currently 3-1 against the SEC in the post-season.

The Voices of ESPN 
ESPN’s WCWS commentator team will reunite for the Los Angeles Super Regional when Sunday Night Baseball analyst and two-time Olympic softball player Jessica Mendoza joins fellow college softball analyst Michele Smith, play-by-play commentator Beth Mowins and reporter Holly Rowe. Mendoza began her career with ESPN as a softball analyst and has contributed to many WCWS telecasts. Amanda Scarborough—who is the analyst on the dayside team for the WCWS—will be in Gainseville alongside play-by-play commentator Tiffany Greene.

The additional commentator teams for the weekend: Eric Frede and Jennie Ritter (Seattle), Alex Loeb and Megan Willis (Athens), Mark Neely and Danielle Lawrie (Eugene), Kevin Brown and Erin Miller (Tallahassee), Pam Ward and Carol Bruggeman (Norman) and Courtney Lyle and Jenny Dalton-Hill (Tempe).

7Innings Podcast
Fans can keep up with all of the action thanks to 7Innings, a weekly softball podcast chronicling the Road to the WCWS. Each week ESPN personalities covering the sport shine a spotlight on the teams and players that make the sport so special. The talent line-up includes Beth Mowins, Michele Smith, Jessica Mendoza, Amanda Scarborough, Holly Rowe, Laura Rutledge and Adam Amin.

 

The most recent edition “Sunset Skirmish” posted on Tuesday, May 22 and is available via iTunes and Google Play. An additional full-length, edition will be availableTuesday, May 29, leading into the WCWS and as an added bonus, shorter editions called “Extra Innings” will be available every morning of the WCWS.

espnW

espnW will continue to provide in-depth softball coverage with news, scores, highlights and analysis throughout the Super Regionals. In addition, espnW will announce its espnW Player of the Year on Wednesday, May 23.

Eugene Super Regional

Date

Time

Game

Network

Thu, May 24

9 p.m.

No. 16 Kentucky vs. No. 1 Oregon 
Mark Neely, Danielle Lawrie

ESPN2

Fri, May 25

11 p.m.

No. 1 Oregon vs. No. 16 Kentucky
Mark Neely, Danielle Lawrie

ESPN2

Sat, May 26

9 p.m.

Game 3: If Necessary

ESPN

Tempe Super Regional

Date

Time

Game

Network

Fri, May 25

11 p.m.

No. 9 South Carolina vs. No. 8 Arizona State 
Courtney Lyle, Jenny Dalton-Hill

ESPNU

Sat, May 26

9 p.m.

No. 8 Arizona State vs. No. 8 South Carolina
Courtney Lyle, Jenny Dalton-Hill

ESPN2

Sun, May 27

9 p.m.

Game 3: If Necessary

ESPNU

 

Seattle Super Regional

Date

Time

Game

Network

Fri, May 25

9 p.m.

No. 12 Alabama vs. No. 5 Washington
Eric Frede, Jennie Ritter

ESPNU

Sat, May 26

7 p.m.

No. 5 Washington vs. No. 12 Alabama 
Eric Frede, Jennie Ritter

ESPN2

Sun, May 27

7 p.m.

Game 3: If Necessary

ESPNU

Norman Super Regional

Date

Time

Game

Network

Fri, May 25

5 p.m.

No. 13 Arkansas vs. No. 4 Oklahoma 
Pam Ward, Carol Bruggeman

ESPN2

Sat, May 26

1 p.m.

No. 4 Oklahoma vs. No. 13 Arkansas 
Pam Ward, Carol Bruggeman

ESPN

Sun, May 27

1 p.m.

Game 3: If Necessary

ESPN

Los Angeles Super Regional

Date

Time

Game

Network

Thu, May 24

9 p.m.

No. 14 Arizona vs. No. 3 UCLA 
Beth Mowins, Michele Smith, Jessica Mendoza, Holly Rowe

ESPN

Fri, May 25

9 p.m.

No. 3 UCLA vs. No. 14 Arizona

Beth Mowins, Michele Smith, Jessica Mendoza, Holly Rowe

ESPN2

Sat, May 26 

7 p.m.

Game 3: If Necessary

ESPN

Tallahassee Super Regional

Date

Time

Game

Network

Fri, May 25

7 p.m.

No. 11 LSU vs. No. 6 Florida State 
Kevin Brown, Erin Miller

ESPNU

Sat, May 26

5 p.m.

No. 6 Florida State vs. No. 11 LSU

Kevin Brown, Erin Miller

ESPN2

Sun, May 27

3 p.m.

Game 3: If Necessary

ESPNU

Athens Super Regional

Date

Time

Game

Network

Fri, May 25

5 p.m.

No. 10 Tennessee vs. No. 7 Georgia 
Alex Loeb, Megan Willis

ESPNU

Sat, May 26

3 p.m.

No. 7 Georgia vs. No. 10 Tennessee 
Alex Loeb, Megan Willis

ESPN

Sun, May 27

3 p.m.

Game 3: If Necessary

ESPN

Gainesville Super Regional

Date

Time

Game

Network

Thu, May 24 

7 p.m.

No. 15 Texas A&M vs. No. 2 Florida 
Tiffany Greene, Amanda Scarborough

ESPN

Fri, May 25

7 p.m.

No. 2 Florida vs. No. 15 Texas A&M
Tiffany Greene, Amanda Scarborough

ESPN2

Sat, May 26 

5 p.m.

Game 3: If Necessary

ESPN

— Courtesy of ESPN media

China undermines US monopoly, making cheaper goods and equipment America cannot spy on, veteran economist Michael Hudson told RT’s Max Keiser. He warns that the world is to split if the two powers fail to settle their row.

Washington cannot stand and feels insecure when it cannot totally control other countries, allowing it to make others do “whatever we want in foreign policy and treat you like we are treating Iran,” professor of economics at the University of Missouri and a researcher at the Levy Economics Institute explained in a New Year’s special of Keiser Report.

The same applies if the US is unable to put spyware in different devices, the analyst added. But China manufactures its own chips among other high technology equipment thus making this mission impossible.

“China is making telephones and computer equipment that we can’t spy on and that is a threat to our national security because they’re interfering with our ability to spy on you and on it,” Hudson said.

The world anticipates the upcoming high-level talks between the two world biggest economies, that is to take place on January 7-8. While markets rallied on and oil jumped on the news on Friday, the economist warned that the outcome of the trade “cold war” can literally change the global economy.

“Each country splitting and going its own way – the Chinese ‘Belt and Road’ group, the Eurasian group…will go their way and the Americans and their satellites – Canada and Europe and Latin America – will go its way. So you’ll have a fracturing of the world,” Hudson explained.

For more stories on economy & finance visit RT’s business section

Ontario Premier Doug Ford says executives with “outrageous” salaries will lose their jobs as the province merges 20 health agencies into one.

A reporter asked the premier at a Cambridge, Ont. announcement whether his government’s comments that no “frontline” workers will lose their jobs is an admission that others will. The government has changed its messaging in recent weeks, after Ford promised repeatedly during last year’s election campaign that no public servants would lose their jobs under a Progressive Conservative government.

“You know who’s going to lose their jobs, unfortunately, are the people in the [Local Health Integration Networks], the CEOs, that are making hundreds of thousands of dollars, the big silos they have there, the big executives, presidents, vice presidents, making outrageous amounts of money,” the premier said Wednesday.

“We’re going to take that money and put it to the frontlines.”

Ford’s minister of health, Christine Elliott, announced in February that the PCs will merge Ontario’s 14 Local Health Integration Networks (LHINs) and other health agencies into one “super agency” to oversee health care.

Elliott refused to directly answer questions about layoffs at the time.

“That is something that we can’t answer right now,” she said.

Ford blamed the impending layoffs on former premier Kathleen Wynne’s government.

“I’ll tell you, when we came into office, those books were a financial disaster, absolute disaster,” he said. “You look at all the files, no matter the autism file, the energy file, I don’t know how this government even worked.”

Ontario’s deficit skyrocketed under the Liberals, with the province now spending $12.3 billion more than it brings in every year. As a result, total debt stands at nearly $350 billion.

Ford said Wednesday that his government’s first budget, on April 11, will include a plan to get back to balance.

“We’re not going in there with a big hack saw, chopping everything up,” he said. “We’re going to do it responsibly.”

Asked if managers in areas other than health care, like education, can also expect to lose their jobs, Ford said that is still under review.

“I’ve always said we’re going to protect our frontline people,” he said, even though that was not his message during the campaign.

“We’ve kept our promise made, promise kept on that.”

Some frontline workers are losing their jobs, however.

Brant Child and Family Services in Brantford says that the Ontario government has asked it to cut about 24 staff members. And Grand River Hospital in Waterloo, Ont. recently eliminated 40 nursing positions, though 30 of those nurses were offered other positions and some left through early retirement.

This story has been updated with details about layoffs at Brant Child and Family Services and Grand River Hospital.

Also On HuffPost:

LOUISVILLE, Ky. – The NFCA is excited to announce that Easton Diamond Sports, LLC will continue its relationship with the Association. The longtime official sponsor renewed with the Association, signing a multi-year deal and will continue as the title sponsor for the NFCA’s Scholar-Athlete, Top Academic Team and Assistant Coach of the Year awards.

 To learn more about these awards, please visit NFCA Awards.

“The NFCA gives so many young coaches and players the opportunity to learn and network with the best of the best in our sport,” said Don Cooper, Director of Marketing/Sponsorships – Associations at Easton Diamond Sports. “Additionally, the annual Convention is the ultimate gathering of players, sponsors, manufacturers and coaches.”

Easton is the world’s leading manufacturer of baseball and softball equipment and one of the most iconic brands in these sports. Headquartered in Thousand Oaks, Calif., Easton Diamond Sports, LLC, manufactures bats, ball gloves, apparel bags, batting gloves, helmets, catcher’s equipment and related accessories. The company’s commitment to innovation and game-changing technologies drove its growth to the No. 1 position, including the introduction of the first true aluminum bat in 1972. As a result of this commitment to R&D and its storied brand heritage, Easton has long-standing relationships with the Little League World Series, professional sports organizations and NCAA collegiate teams.

“The NFCA is thrilled to continue our partnership with Easton,” said executive director Carol Bruggeman. “Easton is an industry leader, associated with excellence. Our coaches are excited to see their ongoing commitment to the NFCA and its Convention. We truly appreciate their support of the fastpitch community.” 

Russia will speed up its oil production cuts this month and plans to reach its share of the OPEC/non-OPEC output reduction by end-March or early April, Russian Energy Minister Alexander Novak said on Monday.

There is an understanding that Russia will reach higher compliance levels in March, Novak said, as carried by Russian news agency TASS. At the end of March-early April, Russia will have reached the planned reduction, 228,000 bpd, Novak added.

As part of the OPEC+ production cuts between January and June, Russia is taking the lion’s share of the non-OPEC cuts and pledged to reduce production by 230,000 bpd from October’s post-Soviet record level of 11.421 million bpd, to 11.191 million bpd.

Moscow, however, has repeatedly said that due to weather and geological conditions in the cold Russian winter, it cannot cut its oil production too quickly.

In mid-January, Khalid al-Falih, the energy minister of Saudi Arabia—the OPEC kingpin and key Russian ally in all OPEC/non-OPEC production policy deals since early 2017—had said that Russia was moving with the cuts “slower than I’d like.”

READ MORE: Global outages boost oil prices

Referring to Russia’s share of the cuts, Novak said last month that as of February 14, the country had reduced its production by 80,000 bpd-90,000 bpd from October’s levels. Novak said last month that the Russian companies would try to accelerate the cuts to reach the target by April.

Last Friday, the minister held a meeting with Russia’s oil companies to discuss the cuts and the situation on the oil market.

Russia is fully complying with its pledges to gradually reduce production, Novak said, as carried by the Russian energy ministry. In February, Russia cut its oil production by around 97,000 bpd compared to October levels, and as of end-February, the country had cut a total of 118,000 bpd compared to October 2018, the energy minister said on Friday.

This article was originally published on Oilprice.com

LOUISVILLE, Ky. – The 2018 NFCA Convention kicks off in less than a month on Wednesday Dec. 5 and runs through Saturday, Dec. 8 at the Sheraton Grand Chicago.  Over the course of four days, attendees have a wide array of opportunities to educate themselves, network, conduct business, be recognized for their achievements, discover innovative products and have fun.

To get those more acquainted with the on-going proceedings, this feature takes a look at the first two days of activities. But before we dive into things, the most important item to point out is registration. Be sure to pick up your credential and lanyard. Without this combination, attendees will be unable to attend all the great sessions and social events offered in the Windy City.

For those arriving on Tuesday, Dec. 4 and want to beat the crowd, there is a four-hour window (noon-4:00 p.m.) available to pick up your credentials and lanyards. The registration booth will be open 7:00 a.m. to 9:00 p.m. on Wednesday, Dec. 5 and Thursday, Dec. 6. On Friday, Dec. 7 hours will be 7:00 a.m. to 1:00 p.m., while Saturday, Dec. 10, the booth opens at 8:00 a.m. and closes at noon.

At 5:00 p.m. on Wednesday, the NFCA’s “First Pitch” Opening Welcome and Keynote gets the ball rolling with NFCA Executive Director Carol Bruggeman, NFCA President Karen Weekly and keynote Holly Rowe.

REGISTER HERE | SCHEDULE | SPEAKERS | EXHIBITORS

Business

Wednesday
Committee meetings are held at 12:15 and 1:30 p.m., respectively. It is a chance to discuss changes and have healthy conversations about the future of the sport in an intimate setting with your peers. Later in the evening, the NCAA Division I, II and III Head Coaches committees meet to discuss the important issues leading into their respective business meetings on Thursday.

Thursday
The morning (8:30-11:30 a.m.) is set aside for our several of our membership’s caucus meetings. New to the fold in 2018 is a combined High School & Travel Ball caucus. The meetings bring together the respective membership groups to discuss current issues, review and discuss pending legislation, create action plans for future changes to the game and collaboratively shape the sport for the future.

Additionally, several NCAA Division I conference coaches and members of WeCOACH will gather to discuss their business.

Educational Opportunities
There are many opportunities to gain valuable knowledge from our preconvention seminars (additional coast) to our keynote speaker on the first day, followed by Thursday’s first two speaker sessions.

Wednesday
Held simultaneously 9:00 a.m. to Noon, the seminars offered are “Fill Up the Boxscore! Developing a Complete Offense,” “Lessons in Leadership: A Letter to my Younger Self” and “Team Culture Toolkit.” Click HERE for an earlier preview of these educational offerings.

Also on the docket is the Rookie Orientation presented by Triple Crown Sports for first-time attendees (2-2:45 p.m.), featuring head coaches Pat Conlan (Georgetown), Mickey Dean (Auburn) and Rhoda Revelle (Nebraska) and Pregame Chatter: A Discussion of Issues Surrounding the Game of Softball. The latter will be moderated by NFCA President Karen Weekly and is an opportunity for coaches of all levels to come together and address current issues in the sport at the beginning of the 2018 National Convention.

Thursday
The first two coaches take the stage in the afternoon. At 3:00 p.m., LSU head coach Beth Torina talks pitching in “The Center: Creating the Complete Pitcher”. She is followed by Lonni Alameda, head coach of the 2018 Women’s College World Series champions Florida State, who talk about her team’s run to the title in “The Championship Journey of Team 35.”

One of the most anticipated and helpful sessions of the NFCA Convention, the Mentoring Workshop, is being held from 7-9:00 p.m. Grab a seat next to some of the best and the brightest in the game. This event pairs coaches at all levels for conversation and promotes professional growth and networking between coaches at all levels of the game. 

Extra Inning Fireside Chats follows the mentoring session. Attendees can build on the connections made in the mentoring workshop or just stop by to hear perspectives on other subjects from top coaches in a laid back setting.

LGBT and ally coaches can join the Equality Coaching Alliance’s “LGBT Equity, Diversity and Inclusion Gathering (5-6:00 p.m.). From 9-10:00 p.m., Fellowship of Christian Athletes’ (FCA) Softball Director Dana Jenkins leads a devotional aimed specifically at the trials a coach may face.

New Tools
With another sold-out exhibit show, the exhibit hall opens its doors to members at 11:00 a.m. and runs through 6 p.m. The growth of our sport depends on the investment of these entities, so come show your support and discover innovative products, apparel and services and cultivate relationships that will ultimately benefit your teams.

Awards

Thursday
Following the morning business meetings, head over to the Victory Club Luncheon where head and associate head coaches receive recognition for milestone victories obtained during the 2018 season, while enjoying lunch and conversation with peers.

Being Social

Wednesday
Added to the menu this year is an exclusive gathering geared towards our high school, travel ball and our affiliate memberships. The Grassroots Forum: Meet & Mingle (1:30-2:30 p.m.) allows youth coaches and instructors from around the country to grow their network and join in on various discussions from X’s and O’s to player and team management.

Following the First Pitch Opening Session, join attendees at the USSSA Leadoff Reception, a two-hour (6:30-8:30 p.m.) event filled with networking, laughter and FREE food, beer and wine. End your day by joining Wilson Sporting Goods as it hosts the evening’s afterparty from 9-11:00 pm.

Thursday
After you’ve perused the exhibit hall and mingled with company representatives, you can relax and socialize at the only NFCA Convention Happy Hour (5-6:30 p.m.) hosted by Scrap Yard Sports. Additionally, NFCA items and company products will be on hand to give away throughout the evening.

If you want to venture out into the city later in the evening, Diamond Sports and PGF will hold a reception at Pinstripes from 10:00 pm to 1:00 a.m.

Health & Fitness
Thursday
Want to start your day off right with a little exercise before you dive into a full day of convention programming? Join Dartmouth head coach Jen Williams, as she returns for a third year to lead her “Windy City Workout” boot camp. New to the early morning workout schedule is our 7th Inning Stretch Yoga with Benthany College’s Cassie Moore.

Cannabis, vaporizers, and grinders have all been flying off the shelves this Christmas season in some of the US states and Canada as the perfect stocking stuffers.

Many cannabis businesses reported having five times as many customers or more during the days leading up to the holidays.

Christmas shoppers in California have been lining up and packing into Bay Area cannabis dispensaries to buy holiday gifts including gummies, chocolates, cartridges and flowers.

A customer holding a cannabis product gestures in Canada © Reuters / Chris Wattie

Customers should be 21 years old in order to enter a dispensary and purchase one of the cannabis products.

Medical marijuana is legalized in 33 US states. Recreational pot use has been legalized in ten states and Washington, DC, for adults over 21.

The shopping frenzy for legal weed has also engulfed Canada where recreational cannabis has been legalized earlier this year. Shoppers were flocking to cannabis stores for gifts this Christmas.

“It’s a new and exciting industry and a lot of people are very curious about it, so it’s a fun new thing this year for Winnipeg and Canada,” a store manager told CBC News.

“It’s legal now, so it is a good opportunity to give my dad something he would appreciate for real instead of socks,” said the store’s customer.

“It seems ironic, like never did I think I would be buying my dad a bunch of pot for Christmas,” she added.

In October, Canada followed Uruguay, which became the first country in the world to legalize the production, sale and consumption of marijuana in 2013.

On Tuesday, Thailand legalized medicinal marijuana, calling it a “New Year’s gift.” It thus became the first Asian country to do so, following the parliament’s unanimous approval.

“This is a New Year’s gift from the National Legislative Assembly to the government and the Thai people,” Somchai Sawangkarn, chairman of the drafting committee, said during a televised extra parliamentary session. He added that the amended legislation will allow for more opportunities to help patients suffering from chronic illness.

For more stories on economy & finance visit RT’s business section

OTTAWA — “(Prime Minister Justin Trudeau) thinks today’s budget will distract Canadians from all of this. He is using the budget — a critical element of any government’s agenda — as nothing more than a political prop in an unprecedented cover-up.” — Opposition Leader Andrew Scheer, March 19

Andrew Scheer and his Conservative caucus members have been scathing in their attacks on this week’s decision by the Liberal-dominated House of Commons justice committee to abruptly end its examination of the SNC-Lavalin affair.

In addition to calling it a cover-up and a snub to all Canadians, the leader of the official Opposition called it an attempt by Prime Minister Justin Trudeau to undermine the role of Parliament.

The committee’s decision came on the same day as the federal budget was being tabled. So Scheer wove that into his broader criticism of the government, describing the budget as a “political prop” by a prime minister determined to divert the public’s attention from the scandal engulfing his government.

That raises a question that cuts to the core of this week’s two big national political stories, the budget and the everlasting SNC-Lavalin saga: can the regularly scheduled tabling of a federal budget be described as a political prop?

Spoiler alert: The Canadian Press Baloney Meter is a dispassionate examination of political statements culminating in a ranking of accuracy on a scale of “no baloney” to “full of baloney” (complete methodology below).

Scheer’s remark earns a rating of “a lot of baloney” — the statement is mostly inaccurate but contains elements of truth.

THE FACTS

The SNC-Lavalin controversy slammed like a runaway train into Finance Minister Bill Morneau’s delivery of Tuesday’s budget, the government’s final spending blueprint before a federal election scheduled for this fall.

While the budget lockup was underway several blocks east of Parliament Hill, the Liberal majority on the House of Commons justice committee voted to end its five-week inquiry into the controversy, enraging Conservatives and New Democrats alike.

By the time Morneau reached the Commons to deliver his 4 p.m. budget speech, he faced some serious Conservative roadblocks. The Conservatives forced a vote on a motion to allow MPs on the fisheries committee to travel. Several Tory MPs voted both for and against.

They then stood — one at a time — to apologize for voting twice. But they each managed to also denounce the Liberals’ earlier decision, which prevented former attorney general Jody Wilson-Raybould from reappearing before the justice committee. Chants of “Let her speak” filled the chamber, while more points of privilege and points of order ate up the clock.

Morneau’s speech was delayed an hour, and when he finally rose to speak, he was drowned out by opposition MPs. Eventually, the Conservatives walked out of the Commons, with Scheer calling the committee’s decision “an assault on democracy.”

Watch:

Morneau’s budget aimed billions in new spending at a variety of areas — from pharmacare to retraining workers to helping first-time homebuyers. It was a deficit-friendly, pre-election platform that contrasted with the Conservative mantra of balanced books. Morneau decided the government would use up a big windfall, and run near-term deficits of almost $20 billion. He offered no timeline for bringing the budget back to balance, and made no apologies.

The budget document credited a stronger economy for an extra $27.8 billion in revenue over the next six years, compared with the numbers in the government’s fall update. The new budget will spend about $22.8 billion of that additional cash, and the government said it has earmarked another $4 billion in spending since the fall update.

Morneau called this “investments to grow our economy for the long term — while we bring the books back towards balance.”

Trudeau, meanwhile, accused the Conservatives of using the SNC-Lavalin affair to avoid talking about their own “failed” approach to the economy. “The Conservatives still don’t want to talk about jobs, about growth, about investing in Canadians because they’re realizing they have no plan,” he said.

WHAT THE EXPERTS SAY

Financial experts say that while budgets can certainly be used by governments to make political gains, they are an annual ritual of government that are scheduled to take place on dates that are set weeks in advance.

“The content of the budget is the real issue, and here the claim the budget was used as a prop is weak,” said Brett House, the deputy chief economist at Scotiabank. “Though the revenue windfall was spent, and we would have preferred to see it saved, the amount was not large and wasn’t devoted to a big signature project or program.”

Kevin Page, the former parliamentary budget officer, agrees there is no single big initiative in the budget to draw attention away from other issues such as SNC-Lavalin.

“Budgets are not mandatory but it is a long-standing tradition and a best practice to table a fiscal plan before the start of the fiscal year,” said Page, the president of the Institute of Fiscal Studies and Democracy at the University of Ottawa.

“This budget does not look like a prop.”

Doug Porter, the chief economist of BMO Financial Group, says there is little doubt the government would like to shift the focus to other matters, including the economy and fiscal policy.

“But, it’s also fair to say that, as the quote suggests, a budget is ‘a critical element of any government’s agenda,'” he said.

Porter said the convention has generally become to unveil a new budget in February or March before the start of the new fiscal year on April 1.

“It’s a convention that is followed by all 10 provinces as well.”

THE VERDICT

The government usually releases a budget at this time of year. Though a lot is riding on the pre-election blueprint the Liberals tabled Tuesday, and Trudeau wasted no time in using it to attack the Conservative record, it didn’t feature a showcase signature initiative aimed at changing the political channel.

For those reasons, Scheer’s assertion that the Liberals were using the budget as a political prop contains “a lot of baloney.”

METHODOLOGY

The Baloney Meter is a project of The Canadian Press that examines the level of accuracy in statements made by politicians. Each claim is researched and assigned a rating based on the following scale:

No baloney — the statement is completely accurate

A little baloney — the statement is mostly accurate but more information is required

Some baloney — the statement is partly accurate but important details are missing

A lot of baloney — the statement is mostly inaccurate but contains elements of truth

Full of baloney — the statement is completely inaccurate

By 2030, seven of the world’s top 10 economies will be current emerging markets, according to the latest report by London-based multinational banking and financial service company Standard Chartered.

The long-term projection shows that India is likely to become larger than the US, while neighboring China will reportedly steal the crown of world’s most powerful economy (currently held by the US) as soon as 2020. At the same time, Indonesia may break into the top five economies.

Out to pasture? Delhi minister suggests elderly people & cows live together

“India will likely be the main mover, with its trend growth accelerating to 7.8 percent by the 2020s partly due to ongoing reforms, including the introduction of a national goods and services tax (GST) and the Indian Bankruptcy Code (IBC),” says the report, as quoted by Quartz.

The GST, one of the largest tax reforms to be implemented by Delhi, was rolled out in 2017. The measure is aimed at simplifying the country’s cumbersome tax regime. The IBC, launched in 2016, consolidates the bankruptcy and insolvency laws in India.

The UK firm noted that the aging population is set to have a significant impact on global growth, but India, which is currently ranked as the world’s sixth biggest economy, will remain unfazed, as the country has the world’s largest group of young people. Nearly half of the Indian population is under the age of 25.

“The rising aspirations of a young population will continue to support consumerism in India’s economy,” according to the report.

Standard Chartered also said that the country would need to create 100 million new jobs in the manufacturing and service sectors by 2030 to cope with demand for massive employment.

“India needs to train circa 10 million people annually, but currently has the capacity to train just 4.5 million,” the report reads.

For more stories on economy & finance visit RT’s business section