KeatsConnelly Cross-Border Weekly Best of the Web 2014-5-9

(Please pardon our slight delay in publishing last week’s Weekly Best of the Web as we overcame some technical difficulties.)

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles include a piece on potential legislative action on the Keystone Pipeline, an interesting discussion on the value of passive investing and finally some welcome news for Canadian expats.

Senate Prepares For Keystone Pipeline Vote (www.wsj.com) – Senate Majority Leader Harry Reid said Thursday he was prepared to bring a measure approving the Keystone XL pipeline to the Senate floor, despite the Obama administration’s reluctance to decide its fate during an election year. Supporters were still searching for the handful of votes needed for such a bill to pass the Senate, but they were energized by the prospect of a floor vote. The Republican-controlled House strongly supports the pipeline. The administration two weeks ago said it was extending a State Department review of the proposed TransCanada Corp. pipeline—first proposed in 2008—because of litigation related to the project in Nebraska

Will invest for food (www.economist.com)Some of the greatest fortunes in the modern world have been accrued by those who look after other people’s money. Hedge-fund and private-equity managers have become billionaires thanks to their ability to claim a chunk of their funds’ annual return. The irony is that many of these fortunes have been built at a time when investors no longer have to pay high fees to earn the market return for equities or government bonds. “Tracker”, or “passive”, funds do not try to beat the market. They just replicate the components of an asset class, and their fees amount to only a few “basis points”, as a hundredth of a percentage point is called in the lingo

Long-term expat Canadians win back voting rights after judge nixes law (www.winnipegfreepress.com) – More than one million Canadians living abroad are now eligible to cast ballots in the next federal election after a court struck down a law stripping them of their voting rights. While mass murderers have the right to vote, long-term expats “who care deeply about Canada” do not have the right, Ontario Superior Court Justice Michael Penny said in his decision. Penny found part of the Canada Elections Act, which bars expatriates who have lived abroad for more than five years from voting, is unconstitutional

Come back next week for more interesting news and articles. Enjoy your weekend!


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