An ariel view looking east above the new Highway 103 12A interchange in Bridgewater with the Michelin facility in the background People in the Bridgewater area will have a safer drive and local businesses will have improved access to Highway 103 with the opening of a new interchange The new Exit 12A connects to the Bridgewater Business Park and to about 50 hectares (125 acres) of land for development on the north side of the highway “This interchange will help keep heavy truck traffic off local roads making driving in the area safer and improving traffic flow for everyone,” said Justice Minister Becky Druhan on behalf of Public Works Minister Fred Tilley “This project also makes it easier for local businesses to transport their goods and expands the potential for new ventures to open their doors as the business park expands.” The project includes a new diamond interchange at Exit 12A Phillips Street overpass bridge and auxiliary lanes connecting Exit 12A and Exit 13 It also involved work done for the Town of Bridgewater Phillips Street to the newly opened business park lands The project cost $69.5 million with the Province investing $37.8 million More project information is available at: https://novascotia.ca/tran/highways/Highway103-Bridgewater-Interchange.asp Nova Scotia’s Five-Year Highway Improvement Plan: https://novascotia.ca/tran/highways/hwyconstruction.asp Department of Public Works on X: https://x.com/NS_PublicWorks Nova ScotiaNewsConfirmed hepatitis A case in Bridgewater, N.S.By Sean MottPublished: April 11, 2025 at 1:17PM EDT Twitter feed ©2025 BellMedia All Rights Reserved Please enable JS and disable any ad blocker Reporting by Summer Zhen; Editing by Michael Perry Our Standards: The Thomson Reuters Trust Principles., opens new tab Summer Zhen is a Hong Kong-based correspondent for Reuters, specializing in hedge funds and financial markets in Asia. She has over a decade of experience in financial journalism and the finance industry. Before joining Reuters, Summer was an investor relations professional at a hedge fund and worked as a business reporter for the South China Morning Post. She was the winner of Best Young Reporter at the 2014 Hong Kong News Awards. , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Santiago (Getty Images)Bridgewater Associates has a dire warning about President Donald Trump’s trade war: It’s increasing the “probability of a recession.” assets under the current administration’s policies that are facilitated by a “rapid shift to modern mercantilism.” with the rising probability of a recession,” Bob Prince “To state the obvious: We are now facing a radically different economic and market environment that threatens the existing world order and monetary system,” the co-CIOs wrote “We have been through many big economic shifts over Bridgewater’s 50-year history so we don’t speak lightly when we say this looks like a once-in-a-generation one.” The hedge fund’s senior officials said the recent shift has “sharply accelerated and become chaotic” as the macroeconomic and geopolitical paradigm is “turning past tailwinds into headwinds and reshaping global flows of capital.” They said there isn’t much overlap in the defining characteristics of past decades and those of today (and global) economy remains in chaos as a result of Trump’s tariff policies Markets are down heavily year-to-date and showed steep declines after the president’s “Liberation Day” announcement on April 2 — with heavy While many of the announced reciprocal tariffs have been paused trade tensions continue to heighten between the U.S and Karniol-Tambour wrote that the Trump administration’s policy changes create substantial risks to U.S “This shift in asset allocations has created risks if the future is different than the past Many portfolios are increasingly vulnerable to 1) any weakness in growth 2) central banks not being able to ease into problems underperformance relative to the rest of the world.” They said three dynamics are at the heart of the new economic reality: a new geopolitical and macroeconomic paradigm an “urgent” threat to investment portfolios because of this paradigm shift and a “once-in-a-generation” technological disruption everyone must adapt,” the three said in the newsletter “Those who adapt fast and well will gain at the expense of those who adapt slowly and poorly.” InternationalBridgewater Widens China Lead on 40% Asset Jump in Tough YearBy Bloomberg NewsPublished: January 08, 2025 at 8:10AM EST (Bloomberg) -- Bridgewater Associates widened its lead over global peers in China last year, after its multi-asset strategy’s stable returns attracted more wealthy local clients in a volatile market. The US giant’s Shanghai-based private fund management arm boosted assets under management to more than 55 billion yuan ($7.5 billion) as of Dec. 31 thanks to investment returns and new inflows, according to people familiar, who requested not to be named because the matter is private. That compares with less than 40 billion yuan at the start of 2024, suggesting an increase of around 40% year on year. The firm’s All Weather Plus onshore fund returned more than 35% for the full year, the people said. That was more than threefold the average return of 11% among local multi-asset funds, according to data compiled by Shenzhen PaiPaiWang Investment & Management Co. Bridgewater declined to comment via email. Bridgewater’s diversification across asset classes is helping it buck the trend in China’s 5.2 trillion yuan hedge fund industry, which saw combined assets shrink through November amid tightening regulations and wild swings in the stock market. The local arm even raised performance fees during the year when many Chinese peers faced pressure to cut fees to keep clients. The diversified approach is also helping the firm, founded by Ray Dalio and led by Chief Executive Officer Nir Bar Dea, in the rest of Asia where client interest remains strong, according to the people. Its Asia ex-China Total Return Strategy has delivered a net return of more than 25% since inception on Oct. 1 2023, they added. More than 30 global firms have set up wholly-owned hedge fund units in China since rules were eased in 2016. Bridgewater remains the only foreign player that has more than 10 billion yuan in assets, with closest global rivals D. E. Shaw & Co. and Two Sigma Investments LP still managing just more than 5 billion yuan each. The onshore fund’s performance of more than 35% was solid even by the standards of much smaller local rivals’. The top 10 local multi-asset products — each with less than 800 million yuan — by firms managing more than 100 million yuan generated returns from 38.8% to 76.5%, according to PaiPaiWang data. Bridgewater still sees opportunities this year for accommodative policy follow-through after top officials pledged to ramp up monetary and fiscal stimulus and stabilize asset markets, the people said.  Elsewhere in the region, the company expects economic conditions to remain supportive to equities, and holds positions in markets that offer more attractive risk premiums like Japan and South Korea, the people said. For interest rates, the firm believes Japan warrants more tightening than priced in, while Thailand is likely to see more easing as exports and inflation remain weak, they added.  An ariel view looking west above the new Highway 103 12A interchange in Bridgewater An ariel view of the new Highway 103 12A interchange with the Bridgewater Business Park on the left A former custodian and Sunday school teacher at the Mormon church in Bridgewater has admitted sexually abusing seven boys whose families were members of the congregation in the late 1970s and early 1980s of Toronto pleaded guilty Tuesday in Nova Scotia Supreme Court in Bridgewater to six counts of indecent assault and one of common assault Subscribe now to access this story and more: Subscribe or sign in to your account to continue your reading experience Create an account or sign in to continue your reading experience Justice Diane Rowe accepted the guilty pleas on what was supposed to be the opening day of a judge-alone trial on 22 charges involving seven complainants Rowe ordered Nauss to co-operate with preparation of a presentence report and scheduled his sentencing hearing for June 6 Crown attorney Rob Kennedy told the court he and colleague Peter Dostal will recommend a sentence in the range of seven to eight years was informed of the Crown’s sentencing position before he decided to enter the guilty pleas The identities of the victims are protected by a publication ban According to an agreed statement of facts read into the record by Kennedy Nauss lived in Bridgewater between 1977 and 1980 when he was employed at the Church of Jesus Christ of Latter-day Saints on Aberdeen Road One boy was 11 or 12 years of age when he was indecently assaulted by Nauss in the boy’s mother’s home office Nauss put the boy on his lap and then rubbed his genitals under his shorts The second victim was eight or nine years of age when Nauss invited him into a broom close at the church turned the lights off and touched his penis on the outside of his pants Another complainant was 10 when he was molested at the church After telling the boy he wanted to show him how the church organ worked they accessed the organ speakers by ladder put a hand down the front of his pants and masturbated him he reported the incident to his babysitters Church leadership convened a meeting that was attended by the boy who confessed to sexually abusing both boys The fourth victim was swimming at a hotel pool in Bridgewater with his brother and Nauss at the age of 10 or 11 when he was abused Nauss twice put his hands on the boy’s genitals over his shorts Another boy was 11 or 12 years old when he was indecently assaulted in his own home after swimming at Fancy Lake with Nauss and others Nauss gave the boy a neck massage before putting his hand down his damp swim trunks and touching him Nauss was one of the sixth victim’s Sunday school teachers when he was 11 or 12 Nauss went to the boy’s house after lunch to help him memorize scriptures or articles of faith but instead instructed him to lie down and touched his genitals under his clothing The seventh victim was 13 or 14 when Nauss committed a common assault on him The court was told Nauss invited the boy on an overnight trip to Shelburne Nauss reached across the seat and placed a hand on the teen’s inner left thigh without his consent The Bridgewater Police Service began investigating Nauss in February 2022 after receiving a complaint about a historical sexual assault The department announced in June of that year that Nauss was facing 19 charges involving six victims: nine counts of gross indecency and 10 of indecent assault Bridgewater police said Nauss had been arrested by members of the Toronto Police Service and released on an undertaking with strict conditions They said he would be appearing in Bridgewater provincial court that August and encouraged any other victims to contact them Kennedy said Nauss’s roles with the church gave him “frequent access to young boys.” Nauss had the boys’ best interests at heart,” the prosecutor told The Chronicle Herald Nauss betrayed that trust by sexually abusing them to satisfy his own selfish sexual desires.” Nauss left “a path of destruction in his wake” that continues to impact the victims and their families to this day “The victims have shown great courage in coming forward over four decades later to tell their stories “The Crown was prepared to begin the trial this morning This development saves the seven victims and others from having to testify in open court.” Kennedy said Nauss has a 1980 conviction for indecent assault involving another boy in the Bridgewater area Reviews and recommendations are unbiased and products are independently selected Postmedia may earn an affiliate commission from purchases made through links on this page The British Virgin Islands is an explorer's dream with more than 60 isles and cays to discover Expert-backed tips and a step-by-step breakdown to ward off 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Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy A former Bridgewater-Raritan High School gym teacher and coach who pleaded guilty to sexually assaulting a student has lost her teaching license was sentenced by Superior Court Judge Peter Tober on Feb 14 to 364 days in the Somerset County Jail after she pleaded guilty on Nov Pinto agreed to relinquish her certificates to teach health and physical education driver education and students with disabilities The State Board of Examiners in the Department of Education voted in April to accept Pinto's decision Pinto had also coached field hockey and girls lacrosse at the school Pinto was charged in November 2023 with first-degree aggravated sexual assault and two counts of second-degree sexual assault in connection with a long-term sexual relationship with a former student More: Piscataway police officer charged with child sexual misconduct The investigation began in October 2023 when the Somerset County Prosecutor’s Office Sex Crimes/Child Abuse Unit was notified by the Bridgewater Police Department of an anonymous email alleging an inappropriate relationship between a teacher and a former student according to Somerset County Prosecutor John McDonald was identified and interviewed by detectives from the Sex Crimes/Child Abuse Unit and the Raritan Borough Police Department The former student reported engaging in a relationship with Pinto and said the relationship turned sexual when they were between the ages of 14 and 15 and continued until the senior year of high school In a lawsuit later filed against the school district, the victim alleged it was the "classic textbook case of the sexual grooming of a child by an adult authority figure" to physical acts of abuse. The lawsuit alleges the teacher would take the student, who was "shy, vulnerable," out for ice cream, give her alcoholic beverages and take her to her home where they watched "The Real L. Word," a Showtime show with lesbian themes. While most of the physical acts of abuse took place at the teacher's home in Raritan Borough, most of the grooming and "emotional abuse" of the student took place on school grounds, according to the lawsuit. SALEM, Va. (BC Athletics) – The Bridgewater College softball team went 1-1 on the opening day of the ODAC Tournament Sunday as they dropped their first game in 11 innings to Roanoke, 6-4, but stayed alive in the tournament with a 2-0 victory over Ferrum in game two.adButlerLazyLoad("1291202590838275296",100,["688446","688446","688446"],"177034"); — BC Athletics —adButlerLazyLoad("2295461074784014258",100,["688446","688446","688446"],"177034"); VDOT is seeking feedback on a transportation study assessing potential solutions on Route 42 (Virginia Avenue) between Gay Street and the Harrisonburg city limit. Meet Atlas and Pekka, the RHSPCA Pets of the Week sponsored by Bob Wade Subaru! The Augusta County Sheriff’s Office responded to multiple calls Monday morning about a Staunton individual which led to him being unresponsive in-custody. Showers and thunderstorm will be possible again today. Your GPS did not respond. Be sure you have your GPS enabled and try again. 2 months agoDuration 1:21Bridgewater man charged with first-degree murder in wife's death2 months agoNewsDuration 1:21Police in Bridgewater, N.S., say they're investigating what they believe is a case of intimate partner violence. Blair Rhodes has the story. B.C. moves to speed up energy projects amid growing demand and environmental concerns2 hours agoVideo2:02 Advocates, families call for coroner's inquest into deaths of Indigenous women, girl2 hours agoVideo2:44 Duty free shops fear Trump’s trade war will force them out of businessThe National |2 hours agoTrending NowVideo2:17 Video evidence, NHLer testimony raise questions in world junior sexual assault trialThe National |May 2Video4:45 Trump repeats 51st state taunt as Carney prepares for White House visitThe National |May 5Video11:28 It is a priority for CBC to create products that are accessible to all in Canada including people with visual Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. 13 days agoDuration 2:04Bridgewater courthouse lost money to scheme involving fake cheques13 days agoNewsDuration 2:04As Shaina Luck reports, investigators warned it might not be over yet. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem Bridgewater Police say the death of an elderly woman in the town Sunday is considered a case of intimate partner violence Police went to a home on Haven Drive just after 11:30 a.m on Sunday after receiving a 911 call about a woman in medical distress they found the victim suffering from injuries they said appeared to be a result of an assault with a weapon She was pronounced dead at the scene by paramedics An elderly man was located with what police called “related injuries” inside a second room of the residence Deputy Chief Danny MacPhee said police were called by a family member who went to check on the couple after not hearing from them for a bit Police believe the woman died between Friday and Sunday MacPhee said the Tanners had a long-term relationship and there had not been any prior reported incidents of intimate partner violence involving them MacPhee said it’s believed that the man had injuries that were self-inflicted The man was taken into custody and transported to hospital by paramedics for treatment of his wounds was arraigned by telephone from the hospital on a charge of first-degree murder in the death of 83-year-old Patricia Tanner He will remain in the custody of the sheriff’s department until he is released from hospital and taken to a correctional facility MacPhee said Haven Drive is a quiet part of Bridgewater There have been suggestions in some online posts that Andrew Tanner was suffering from a medical condition MacPhee said that police “will explore every avenue that we can in this investigation At this time we have no indication that there was either dementia or a mental health disorder He said the department has always seen domestic-related violence as the most likely factor in the possibility of homicides in the town of 8.800 people we don’t have a lot of the problems that bigger cities do but we still have intimate partner violence,” he said “The thing that was most shocking to us was more the ages Mayor David Mitchell said police were quick to get information out to the public and he thinks that helped keep concerns from the public in check along with word that there was no threat to the community He said the incident “is concerning and heartbreaking.” he described the Haven Drive area as quiet It’s at least the seventh homicide in Nova Scotia since October that police allege were cases of men killing women in intimate partner violence Half of those have been in the southwest part of the province Kings County was found dead in a home that was on fire a woman was found dead in her home in Mahone Bay Cole Harbour and Yarmouth were killed by current or former partners Police are asking anyone with information to contact them at 902-543-2464 The world's biggest hedge fund has sounded the alarm on a seismic global shift warning investors they're dangerously exposed and must adapt to the new reality Bridgewater Associates' three co-chief investors — Bob Prince, Greg Jensen and Karen Karniol-Tambour — issued the dramatic caution in their latest letter to clients and included an excerpt in a company newsletter this week The trio said the transition to a "new macroeconomic and geopolitical paradigm" is roiling markets The world is moving from the post-war era of globalization and free trade to one of "modern mercantilism," they said The Trump administration's efforts to disrupt multinationals and upturn trade and security agreements as part of its "America First" agenda are accelerating the change Prince, Jensen, and Karniol-Tambour predicted governments would increasingly intervene in their economies and industrial policy to support companies and sectors that fit their strategic mission to "increase wealth which were largely assets like US equities that benefited from rising growth The three investment gurus cautioned that many portfolios appear vulnerable to weaker growth "We expect a policy-induced slowdown, with rising probability of a recession," they said suggesting the Federal Reserve won't be able to cut interest rates as freely as some other central banks given the risk of resurgent inflation They also flagged that the stock market is still pricing in strong earnings for companies even though they're "under threat." "We see exceptional risks to US assets which are dependent on foreign inflows," they said nodding to the vast amount of overseas money invested in American stocks and bonds In a LinkedIn post on Thursday, Dalio said he dreamed of US-China trade negotiations leading to a "beautiful rebalancing." had become too reliant on selling to and investing in the US and other countries "This is an unsustainable imbalance that one way or another — i.e. well-managed way or in a crash — must come to an end," Dalio said asked to review quarry approval near Bridgewater | CBC.ca LoadedN.S asked to review quarry approval near Bridgewater 3 months agoDuration 2:09N.S. asked to review quarry approval near Bridgewater3 months agoNewsDuration 2:09The company that wants to use the quarry says it is following the rules set out by the province, but some environmental groups and local municipalities are concerned about its location within a watershed area. Luke Ettinger has the story. READINGTON – A Bridgewater man was critically injured Thursday evening when a car crossing Route 22 struck his motorcycle was in critical condition at Morristown Medical Center where he was taken by Atlantic Mobile Health helicopter after the 7 p.m crash at the intersection of Route 22 and School Road in the area of Berry Farm Road according to a joint statement by the Hunterdon County Prosecutor's Office and the Readington Township Police Department The accident is under investigation by the Readington Township Police Department and the Hunterdon County Prosecutor's Office Anyone with any information is asked to contact either the police department at 908-534-0431 or the prosecutor's office at 908-788-1129 More: Historic home in Readington damaged by fire: police and the Hunterdon County Prosecutor’s Office responded to the scene The accident occurred at about the same time as many township emergency responders were at a fire at a historic home on Pleasant Run Road Detroit kept Bridgewater active and listed Hooker as the emergency quarterback for the divisional playoff game The Lions signed the 32-year-old Bridgewater last month after he coached at his high school alma mater leading Miami Northwestern to the Florida Class 3A state title He was Goff's seldom-used backup during the 2023 season drafted in the first round by Minnesota in 2014 has started 65 regular-season games for the Vikings was 6 of 9 for 62 yards in three games this season as Goff's backup The Commanders activated tight end Colson Yankoff, who had a hamstring injury, from injured reserve and cleared reserve linebacker Mykal Walker to play after he was slowed by an illness Both were questionable on the injury report earlier in the week Washington elevated defensive end Andre Jones Jr. and cornerback Kevon Seymour from the practice squad and previously ruled out reserve rookie linebacker Jordan Magee with a hamstring injury The Lions ruled out rookie cornerback Ennis Rakestraw He was listed as questionable with a hamstring injury and an illness The Lions previously ruled out starting right guard Kevin Zeitler who left the final regular-season game with a hamstring injury and reserve defensive lineman Pat O’Connor because of a calf injury Detroit elevated defensive lineman Chris Smith and cornerback Stantley Thomas-Oliver from the practice squad. Reporting by Isla Binnie; Editing by Cynthia Osterman Isla Binnie reports on how company directors and executives manage stakeholder and shareholder interests, with a focus on compensation, corporate crises, dealmaking and succession. She also covers how politics, regulation, environmental issues and the broader economy affect boardroom discussions. Isla previously covered business, politics and general news in Spain and Italy. She trained with Reuters in London and covered emerging markets debt for the International Financing Review (IFR). US equity investors have experienced an extraordinary run from the AI boom to Trump—presenting distinct opportunities and challenges How can investors position to continue capturing great returns given the wide range of ways the world could play out This paper explores these questions and introduces Bridgewater’s All Weather® approach designed for investors seeking to reliably compound their wealth Out of any 15-year period to be invested in equities dating back to 1970 the one we’ve just lived through was the best Stocks (especially US stocks) have been on a relentless tear Returns have been more than double the average This run-up has enriched investors greatly How can investors lock in gains and continue to capture great returns as the world evolves Almost every investor is positioned the same way and there is a paradox at work in that positioning The run-up in equities has left investors more concentrated than almost ever before—the only time it’s come close was after the ride up to the top of the dot-com bubble in the early 2000s This means that whether explicitly or implicitly investors are betting that strong stock performance will continue and that the US will keep on winning out over other countries the run-up in US equities makes it harder for them to continue outperforming going forward It's like what happens when everyone expects one sports team to win a game As anyone who has tried their hand at betting on sports knows you don’t profit much just by betting on them to win—you need to bet on them to win by more than expected US equities’ great performance has pushed valuations higher effectively baking lofty expectations into the price—which raises the hurdle to continue generating the outsize returns investors have experienced in the recent past and are implicitly positioned for The table below shows how what is “baked in” to US stock prices has evolved over the last decade US companies have to not just deliver on already high expectations—but to beat them It’s also exactly what portfolios are (implicitly) betting on Is it likely that US companies will live up to such high expectations There are plenty of reasons to question whether the recent extraordinary returns can be sustained Achieving them took a unique confluence of low starting valuations a long runway for strong growth without creating inflation or triggering Fed tightening and a backdrop of increasing globalization and pro-business policies such as corporate tax cuts The table below synthesizes the key drivers and the shifts that we are monitoring we feel both their optimism and excitement What is safe to say is that there’s plenty of uncertainty about where we are going The good news is that there’s power in recognizing that uncertainty One of the most timeless insights of investing is that you don’t need to bet on knowing how it will all turn out Investing wisely is about preparing for a range of outcomes: no matter how much you may have benefited from the recent extraordinary equity run moving into diversifying holdings can cushion you if and when stocks experience a drawdown Even incremental shifts can be quite impactful Because most portfolios are starting from a concentrated equity position even relatively small moves can have an outsized impact on making your portfolio more resilient hold assets to address the different reasons that equities can experience a drawdown—and what can protect you in each Here’s what this has looked like in practice scanning across the 10 instances since 1970 when global equities fell more than 15% you can build a resilient portfolio that includes not just equities but also assets that can do well at times when equities do poorly—in a way that is not simply resigning yourself to a 60/40 or 70/30 mix Since a broad liquidity pullback tends to hurt all assets in the affected country one of the key ways to avoid such losses is simply to spread your exposure more across countries which capture different opportunities and get hit by different risks when all kinds of US assets suffered from Fed tightening Japanese policymakers were on an all-out offensive to support the economy and assets To recap: investors can position to prosper across a wide range of possible futures by putting some of their investments into assets that can do well in different economic environments and across different countries facing different pressures That is the foundation of what we do at Bridgewater in our “All Weather” strategy 60/40 and 70/30 refer to mixes of stocks and bonds The recipient should not solely rely upon the materials enclosed to make an investment decision Bridgewater invented the All Weather approach back in the ‘90s originally for Ray as he was thinking about what investment portfolio to hold to preserve and compound wealth for future generations Ray and the Bridgewater team sought to build an approach that could thrive across different types of economic “weather,” even when equities suffered They designed it to be as balanced as possible to how growth and inflation transpire—drawing on deep fundamental understanding of how macro conditions affect different assets as well as expertise in engineering portfolios to minimize risk without sacrificing return the strategy has grown to invest in nearly every major liquid market in the world including many that didn’t exist back in the ‘90s and foundations have utilized it to deliver strong and resilient returns and compound wealth for future generations Important Disclosures and Other Information This research paper is prepared by and is the property of Bridgewater Associates LP and is circulated for informational and educational purposes only There is no consideration given to the specific investment needs Bridgewater's actual investment positions may vary from its conclusions discussed herein based on any number of factors portfolio rebalancing and transactions costs Recipients should consult their own advisors This material is for informational and educational purposes only and is not an offer to sell or the solicitation of an offer to buy the securities or other instruments mentioned Any such offering will be made pursuant to a definitive offering memorandum This material does not constitute a personal recommendation or take into account the particular investment objectives or needs of individual investors which are necessary considerations before making any investment decision Investors should consider whether any advice or recommendation in this research is suitable for their particular circumstances and No discussion with respect to specific companies should be considered a recommendation to purchase or sell any particular investment The companies discussed should not be taken to represent holdings in any Bridgewater strategy It should not be assumed that any of the companies discussed were or will be profitable or that recommendations made in the future will be profitable The information provided herein is not intended to provide a sufficient basis on which to make an investment decision and investment decisions should not be based on illustrative information that has inherent limitations Bridgewater makes no representation that any account will or is likely to achieve returns similar to those shown The price and value of the investments referred to in this research and the income therefrom may fluctuate Every investment involves risk and in volatile or uncertain market conditions significant variations in the value or return on that investment may occur speculative and carry a high degree of risk including the risk of a complete loss of an investor’s entire investment Past performance is not a guide to future performance and a complete loss of original capital may occur give rise to substantial risk and are not suitable for all investors Fluctuations in exchange rates could have material adverse effects on the value or price of Bridgewater research utilizes data and information from public including data from actual Bridgewater trades Sources include Absolute Strategy Research Organisation for Economic Cooperation and Development Pensions & Investments Research Center While we consider information from external sources to be reliable we do not assume responsibility for its accuracy related to financial and non-financial characteristics The data and factors that Bridgewater considers within its investment process may change over time This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution or use would be contrary to applicable law or regulation or which would subject Bridgewater to any registration or licensing requirements within such jurisdiction No part of this material may be (i) copied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Bridgewater® Associates The views expressed herein are solely those of Bridgewater as of the date of this report and are subject to change without notice Bridgewater may have a significant financial interest in one or more of the positions and/or securities or derivatives discussed Those responsible for preparing this report receive compensation based upon various factors the quality of their work and firm revenues In the News Distinguished Speaker Series Newsletter Signup Job Openings Investment Careers Technology Careers Bridgewater China Investment Management (BCIM) The regular monthly meeting of the Bridgewater Township Board of Trustees was called to order by Supervisor Fromhart at 7:02 p.m Five board members were present (quorum) with 5 citizens in attendance The board approved the 3-Apr-25 meeting minutes as presented The board approved the agenda as presented regarding the monthly inspection at the Gerkens gravel pit The Board voted to approve drainage work on Fisk Rd The board approved monthly claims of $80,315.97 The Board approved the revised fee schedule The board received written reports from the Assessor & Zoning Administrator by Sara Swanson writer and founder of the Manchester Mirror BRIDGEWATER, Mass. -- Bridgewater State University senior first baseman Amelia Blake has been selected as the Massachusetts State Collegiate Athletic Conference (MASCAC) Softball Player of the Week five runs scored and eight RBI in a 5-1 week for the Bears Blake went 4-for-6 with three RBI as the Bears swept a MASCAC doubleheader from conference regular season champion Westfield State a run and three RBI in a doubleheader split with Salve Regina; and 2-for-5 with a pair of walks four runs and two RBI in a twinbill sweep of Vermont State Lyndon Blake is batting .344 (31-90) with three doubles 13 runs scored and 19 RBI to go along with a .400 slugging percentage and a .392 on base percentage In 103 games over three seasons with the Bears Blake is sporting a career batting average of .337 (88-261) with 13 doubles The MASCAC Player of the Week honor marks the second of Blake's career The BSU softball team wrapped up the regular season with an overall record of 19-17 including an 8-6 MASCAC mark The Bears are the #4 seed in this week's MASCAC Tournament and will host a preliminary round game against #5 Salem State University on Tuesday afternoon at 3:30 We use cookies to ensure you have the best browsing experience on our website. By using our site, you acknowledge that you have read and understood our Privacy Policy & Terms of Service Teddy Bridgewater is hoping his success as a high school head coach can translate back to the NFL The one-time Pro Bowler is set to lace his cleats back up and rejoin the Detroit Lions as a backup quarterback Lions head coach Dan Campbell confirmed the signing at a press conference on Thursday Bridgewater, 32, announced his retirement from the NFL earlier this year after a decade-long career spent between six different franchises. He became the head coach at Miami Northwestern Senior High School, his alma mater, and led them to a state title. He last played for the Lions in the 2023 season, making one appearance without a passing attempt. His last start came with the Miami Dolphins in 2022. The former 2014 first-rounder spent the first four years of his career with the Minnesota Vikings, earning his first and only Pro Bowl nod in 2015 after leading the team to an 11-5 record with 3,231 passing yards and 14 touchdowns. He has 15,120 passing yards, 75 touchdowns and 47 interceptions over his 10 years in the league. Bridgewater suffered a brutal injury during pre-season in 2016, dislocating his knee and tearing several ligaments, causing him to miss the entirety of the season. The veteran signal-caller will bring experience to a Lions quarterback room that has Hendon Hooker, a second-year QB, backing up everyday starter and three-time Pro Bowler Jared Goff. Detroit is 13-2 and sits atop the NFC North. The playoff-bound Lions are set to take on the San Francisco 49ers on Monday then will face the Vikings in a game that will potentially decide the division in Week 18. Report: Dolphins waive LB Shaquil Barrett from retired listNFL Playoff Tracker: Commanders can clinch post-season berthCOMMENTS When submitting content, please abide by our submission guidelines Should you violate our submissions guidelines we reserve the right to remove your comments and block your account Sportsnet reserves the right to close a story’s comment section at any time The Province is funding the Nova Scotia Community Transportation Network to run a pilot project to increase ridership with transit operators in three towns Public transit will soon become an easier and more affordable choice for people in Antigonish “Our roads are getting busier and busier and they’re often filled with vehicles occupied by one person going to work shops and services they need for their daily lives,” said Tory Rushton Minister of Natural Resources and Renewables “To help us reduce greenhouse gas emissions we want to make public transit the easiest option possible.” The Province is funding the Nova Scotia Community Transportation Network to run a pilot project to increase ridership with transit operators in the three towns Some fixed-route transit systems in smaller communities currently operate on limited hours and don’t always run during early mornings This makes it difficult for people needing key trips like commuting to work or school hours and/or days of service will be extended and fares reduced Partners will also test and develop new strategies to reduce single-person vehicle trips and learn what types of supports people need to use public transit more often Transportation efficiency strategies are a commitment in Our Climate Our Future: Nova Scotia’s Climate Change Plan for Clean Growth healthier and more sustainable future for all Nova Scotians It includes initiatives to reduce greenhouse gas emissions make homes and buildings energy efficient and able to stand up to the impacts of climate change and help Nova Scotians adapt to the changing climate Nova Scotia Community Transportation Network: https://communitytransitns.ca/ News release – Student Transit Pass Pilot Program: https://news.novascotia.ca/en/2024/08/29/student-transit-pass-pilot-expands Natural Resources and Renewables on X (formerly Twitter): https://twitter.com/NS_DNRR Reporting by Carolina Mandl in New York; Editing by Lananh Nguyen With central banks on the verge of achieving their goals—supporting stability and asset prices—global political shifts risk upsetting the balance global economies are converging on a reasonable state of equilibrium a condition that is generally good for assets are responding to the stabilization of conditions within tolerable ranges by gradually cutting rates toward what they view as a neutral posture which has been a deflationary outlier over this period has begun to recognize the problem and is prioritizing boosting domestic demand even if the policies are not yet clearly defined And AI technology has advanced to show real potential to enhance productivity over time If these were the only developments in the world you should expect an era of stability and strong profits That’s what markets are discounting and what is therefore required to generate a strong positive return which are pricing an even more exceptional decade than the last Enter President-elect Trump and a team of aggressive interventionists We can assume that the bias will be pro-growth and pro-business and keeping the fiscal pipe open are likely to challenge the Fed’s ability to achieve the goals that they have not quite achieved particularly in external-surplus economies like China and Europe which have been the most reliant on the existing global trade system This political turn of events now fully entrenches a shift in the global world order from free-market globalization to mercantilism Mercantilism is government’s response to local populations whose dissatisfaction with their circumstances calls for governments to do something about it This call to action is reinforced by the learnings that fiscal and industrial policy can be powerful tools having reversed severe economic downturns in the US and Europe and supported the rapid development of dominant industries in China A mercantilist consensus is now deeply established in the US but US policy makers are less experienced with it policy makers have experience with the approach but have mainly used it to stimulate supply rather than demand Europe threatens to be left behind due to weak central policy making and the competition it now faces on two fronts the risk of tit-for-tat escalation in mercantilist competition (and of broader conflict) threatens the path to equilibrium A template is needed to assess this combination of actual and discounted economic stability on the one hand Our template views the economy as a sum of spending transactions driven by three big forces: productivity The operation of these forces is mediated by policy levers (monetary and fiscal) as policy makers vie for a sustainable equilibrium And asset returns depend on how these economic conditions transpire in relation to what was discounted In terms of what we see as we apply this template across the world today: In the US: Short-term cyclical dynamics are sustaining nominal spending at too-high levels while the advent of mercantilist policy (e.g. stimulus in China) tilts the risks of inflation higher the currently discounted mixture of high profits and easing) against this backdrop requires sustained which an AI revolution makes possible but does not ensure debt burdens have shifted from the private to the public sector and are once again manageable via interest rate cuts leaving us in an interesting configuration where monetary easing and private credit creation can support growth but the sustainability of fiscal spending is in question In China: Deflationary pressures from the long-term debt cycle are weighing on credit growth Stimulus is needed to transition from what is now an ugly deleveraging which is good for bonds but bad for just about everything else to a beautiful deleveraging that stabilizes conditions and supports a movement of money from cash to assets China has endured years of deleveraging because it did not monetize unsustainable private and local government debts; instead it used mercantilist production-side stimulus to support healthy industries and national champions But now signs are emerging of more proactive central government fiscal support which is needed more than ever as proposed tariffs threaten China’s export-driven growth model Almost any stimulus is likely to support Chinese assets as its stocks are discounting a depression and bonds are not discounting much easing as well as the ripple effects for global spending will depend on the effectiveness of policy choices Europe remains in a state of long-term stagnation losing the productivity and tech battle to the US and the manufacturing battle to China While real growth looks stable around potential as ECB easing pumps growth into the periphery European powerhouses Germany and France face export stagnation and debt challenges The risks to economic growth are tilted downward as we pencil out the likely impact of tariffs on the bloc and the challenges faced by Europe’s weak central institutions in formulating a domestic fiscal or international mercantilist response In terms of what this means for investors: Diversification is crucial as markets are pricing certainty connected to stable economic conditions whereas uncertainty is high and rising for the reasons described above The forms of diversification that look most important include balancing exposure between economic growth and inflation as the threats are in both directions; another is geographic diversification which can take advantage of the decline in country correlations that results from mercantilism It’s more important to pick and choose the assets that are most appropriate to the conditions and your goals rather than relying on static weights or the market-cap portfolio given the range of possible outcomes and how concentrated most institutional allocations and the market cap-portfolio have become the environment favors assets relative to cash True alpha and diversifying alpha are exceedingly valuable and most investors could use as much as they can find We describe these dynamics below in more detail Our starting point to assess conditions and asset pricing is to recognize that an economy is simply a sum of transactions—exchanges of money for quantity These transactions culminate in three broad economic forces—productivity and a short-term credit cycle or business cycle—which impact the cause/effect linkages of the system and the pulling of the monetary and fiscal policy levers to achieve the desired conditions Policy makers have two main levers to navigate the interaction of these forces: monetary policy and fiscal policy (including macroprudential policies) policy makers’ aims are to keep conditions in sustainable equilibrium and to avoid limits that would make the status quo unsustainable A unique feature of the environment today is that all three forces are highly relevant to what conditions look like and how they are likely to evolve while each of the policy levers and their combinations are in play In terms of how recent developments fit into this template: Most developed economies have moved closer to short-term debt cycle equilibrium which is typically supportive of stable economic activity and asset returns and fiscal policy stimulation more than offset the collapse in incomes decreasing the compensation on offer in assets relative to cash without immediately solving inflationary problems only a handful of major economies were in what we would call sustainable equilibrium conditions This facilitated disinflation and enabled central banks to shift toward easing restoring a discounted risk premium in assets versus cash This sequence brings us toward sustainable equilibriums across most developed economies Environments like these are typically supportive to assets broadly as the falling return on cash drives investors out the risk curve and stability encourages economic activity The chart below puts the big movements into perspective showing how far we’ve come over the past two years The way policy makers will use their levers to manage the cycle going forward is evolving given the crystallizing trend of mercantilist policy applied not with a focus on broad growth but on national security and on the composition of economic growth rather than its level (e.g. manufacturing being important for certain kinds of jobs but mercantilism applies more broadly to measures aimed at avoiding trade deficits bolstering self-reliance in key industries The key implications of mercantilism within our template include: some headwinds to productivity growth given the impacts of uncertainty on long-term capital formation upward pressure on cyclical inflation in the short-term debt cycle from measures like tariffs and restrictions on immigration (which has been an important driver of labor supply growth) and increased salience of fiscal policy for individual company performance and profits mercantilism introduces policy incentives and effects that need to be understood by investors in much the same way as traditional monetary and fiscal measures as well as the risk of cascading tit-for-tat measures that need to be accounted for in assessing the potential paths of conditions and asset pricing Applying our template across major economies the cycle is self-sustaining at a somewhat higher level of nominal spending than the Fed has laid out The Fed expressed their expectations for future conditions in their quarterly summary of economic projections We find this more useful than their dot plot because it describes the conditions compatible with their plans to bring short-term interest rates to a given level the Fed shifted up their projections for growth and rates by the end of 2025: they are now projecting a move to a short-term interest rate of 3.9% given nominal spending of 4.6% with real growth stabilizing around potential at 2.1% This is an interesting projection because it implies lower real growth and wages without a clear impetus to get there The Fed’s 2.1% real growth assumption for 2025 implies productivity growth of not more than ~1% would make their inflation target compatible with wages around 2.5% to 3% but not higher we’d need to see a decline in wages without much labor market weakening growth and its components are sustainably higher than the Fed’s projections with nominal spending currently running a bit above 5% supported by wages around 4%—which is generating inflation of a bit above 2.5% and then only because high productivity growth sustained around 2% has absorbed inflationary pressure And the labor market is tightening rather than softening as the Fed is projecting since strong coincident demand financed by incomes is pulling up employment (compared to this summer when labor market easing pulled employment down) we see several drivers of spending where the balance of probabilities is tilted toward higher rather than lower nominal spending going forward: Stepping back to a long-term debt cycle perspective: debts have shifted from the private to the public sector changing the channels for stimulus and the impact of government borrowing looking ahead The aggressive MP3 policy mix deployed post-COVID radically improved private balance sheets both via transfers and because the self-reinforcing cycle of rising spending and wages they kicked off kept incomes and growth strong throughout the recent tightening cycle replacing collapsing private credit creation The cost of achieving this good growth outcome was a rise in inflation (which was dealt with via tightening) and a rapid rise in public sector debts That leaves us in an interesting configuration: households and businesses are not too indebted and they can support an expansion by borrowing as rates fall raising the question of the sustainability of public debts and the government’s current fiscal stance (a topic we cover in more detail in the linked research) government borrowing is now positively aligned with private sector credit growth which increases the risk of rising total debts and inflation when policy makers increase fiscal spending In terms of policy tools to navigate future downturns: monetary and fiscal policy are both available but are about one bad cycle away from exhaustion there is no particular limit on either monetary policy or fiscal policy but once they are utilized over time in one way or another limits can be reached in terms of their usability After 30 years of cutting interest rates from 1980 to 2010 the ability to use interest rates to stimulate in the US and other economies reached its limits because debt burdens were too high and rates hit 0% That required a shift to what we refer to as MP2 which during the pandemic by and large reached the limits of its effectiveness to stimulate growth That led to the need for MP3 and fiscal policy to reflate the economy post-pandemic which hit initial limits in the form of inflation and which are pulling forward the future limits of government debt sustainability The good news is that the rise in interest rates that was required to fight inflation gives the US room to ease through interest rates again and healthy private sector balance sheets may be more responsive to that easing than pre-COVID But we are essentially one big easing cycle away from rates being back at zero If at that stage fiscal sustainability becomes an issue depending on the severity of the issues to be managed a future downturn could require more drastic steps than fiscal stimulus US assets face a significant hurdle to sustain outperformance and limited inflation is positive for US assets What is more challenging is for US assets to repeat a decade of outperformance like they have just experienced At their current level of global market capitalization US stocks need to attract ~65 cents of every dollar that flows into stocks just to keep rising And the pricing sets a high hurdle for these flows: in 2010 US earnings were discounted to grow modestly and at a similar rate to the rest of the world The US then had an exceptional decade because its companies were more dynamic had more supportive governance for shareholders and operated against a more favorable policy backdrop but it’s also the case that US equity indexes and bond markets are extrapolating very fast earnings growth outright and versus the rest of the world The outcome that could square this challenge would be if the US captures the lion’s share of benefits of the AI revolution over time both pushing back its structural inflationary limits via sustained high productivity and driving substantial profit growth That outcome is possible but far from assured and we’re tracking it closely in our AI research China is still working through a long-term debt cycle deleveraging China’s private sector and local governments are over-indebted The interest rate lever by itself is not enough to drive spending sustainably above debt service both because the burdens are large relative to incomes and because lowering rates may have undesirable consequences such as increasing debt growth in the real estate sector or putting pressure on the renminbi Most stimulus to date has come through “targeted” fiscal measures aimed at raising industrial production rather than broad demand in view of the challenges above as well as policy makers’ stated desire to shift the composition of growth toward higher-value-add “new economy” sectors The effect of this policy has been to capture manufacturing share from the rest of the world and raise political ire but not to pull China out of its deflationary rut The good news is that China’s central government unlike its private sector and local governments and policy makers have the ability to stimulate through that channel if there is the will to do so Nominal spending in China has been too low by half China needs roughly 6-7% nominal spending growth but has been running nominal spending around 3.5% That nets growth around 4% with intolerable deflation that is making economic problems worse especially in the indebted real estate sector and by hurting corporate profits and sentiment resulting in a self-reinforcing downward spiral The path forward to sustained 6-7% nominal growth (i.e. the 5% real growth target plus acceptable inflation) is undefined at this point the central government has made commitments to take additional steps to stimulate broad demand It hasn’t said it will do “whatever it takes” to generate growth and we’re tracking the scale and mechanics of stimulus announcements closely it is likely to be supportive for Chinese assets In studying dozens of reflations across hundreds of years we see that policy makers tend to get the conditions they want and that getting there requires making assets attractive relative to cash But which assets will do well over what timescale depends on the policy mix and the resulting economic conditions the “beautiful deleveraging” policy mix used since 2008 created demand through a combination of monetary easing It was pro-growth without being too inflationary contributing to an extraordinary rise in the stock market the approach of relatively restrained macroprudential policy and some liquidity provision since COVID has resulted in low growth and a substantial decline in the stock market but a huge bond rally both Chinese stocks (which are discounting a depression) and Chinese bonds have the potential to benefit if policy makers stimulate vigorously Europe risks stagnation unless it can better manage political constraints on economic policy Europe’s deleveraging from the sovereign debt crisis depended on the strength of core economies like Germany and France which benefited from export growth and increased fiscal spending and ECB support to offset weakness in periphery countries and austerity throughout much of the bloc those conditions have turned on their head: growth in Europe’s periphery is moderate but European conditions are weak overall because German exports have stagnated in the face of Chinese competition and France faces a debt reckoning The ECB’s recent tightening cycle and Germany’s low government debt levels should in theory give policy makers room to maneuver and stimulate game-changing stimulus is unlikely given political constraints: at the country level Germany has to contend with fractious politics and its “debt brake.” At the EU level there is not enough pain to generate the political will that would be needed to reconsider the Stability and Growth Pact The net of this: there is more inertia in Europe for events to take their course without meaningful policy intervention That is worsening the dislocations that lost Europe the productivity battle to the US and the manufacturing battle to China over the last 10 years The challenges created by this lack of coordinated policy making are worsening as global policy takes on a more mercantilist character and Europe faces industrial policy challenges from the US in addition to those it is already managing with China Europe has not yet achieved its inflation goals and it may be challenging to ease as aggressively as is discounted though the risks to spending are tilted to the downside The pressures Europe is balancing are drags from the roll-off of pandemic-era fiscal spending Germany’s export competitiveness challenges versus green shoots of a private sector response to easing and low productivity means that a high share of that spending is translating to inflation (around 3%) Markets are discounting that short rates will come down ~100bps over the next year ending 2025 with rates about 100bps lower than was discounted midyear we see this priced-in easing as marginally aggressive for countries like Spain and Italy and therefore unlikely to proceed quite as quickly as discounted unless we see further progress on wages and inflation—but at the same time probably not enough to revive economies like Germany suffering from a manufacturing recession keeping overall growth and wages roughly steady the balance of risks to nominal spending is tilted downward notably due to the impact of likely Trump tariffs on the bloc this environment argues for quality diversification One dimension is diversification across the range of possible growth and inflation outcomes If the shift to easing extends the cycle by spurring higher private sector borrowing we could get even higher nominal growth than discounted could drive spending down relative to benign pricing there is diversification across geography: the fragmentation of global trading blocs in response to geopolitical conflict and the pursuit of mercantilism has the effect of reducing the correlation of economic conditions and market movements around the world That offers the free benefit of global diversification—we’d take it particularly as competitive dynamics increase the chance that there will be clear winners and losers A third dimension is between currencies and other storeholds of value (e.g. gold and commodities) given the potential for continued monetized deficit spending at much higher levels of government indebtedness and as conflict raises the risks entailed by saving in foreign reserve assets it’s prudent to consider geopolitical alignment it tends to be the case that neutral countries do relatively well through conflicts while the losers do the worst for obvious reasons and the winners tend to be a mixed bag given the cost of waging even winning conflicts this is an environment where you need to pick and choose the assets that are most appropriate to the conditions and your goals A static asset allocation mix and market-cap portfolio are low-cost and efficient to implement but relative to history most institutional allocations and the market capitalization portfolio are more concentrated than they have ever been (the largest recipients of capital being a handful of US companies and the US government being the biggest debtor) the pricing of those assets is as optimistic as it has been and the range of outcomes relating to more secular forces is extremely wide This is an environment where we expect that moving away from benchmarks to pick the securities and assets that can benefit from the environment or that are diversifying or safe will yield benefits consider the US equity index: large-cap stocks are discounting optimistic earnings growth across the board nominal growth looks very different by area—e.g. 7% in services—and each company has varied exposures to foreign operations and sales meaning their earnings are very differently affected by tariffs and the international policy responses to them we’d tilt toward the equities that can earn the steady elements of US nominal growth and are not exposed to these challenges rather than the similarly priced equities that are exposed to weaker growth and more uncertainty In terms of how we would allocate given these macro conditions and a long-only allocation: we would tilt toward assets versus cash and the US dollar relative to other currencies we are in a macro environment in which true alpha is essential and environmental biases should be recognized and managed Dynamics that were muted for the decade pre-COVID—such as inflation and shifts in monetary and fiscal policy paths—are now crucial drivers of market outcomes which can have favorable or unfavorable impacts depending on one’s environmental biases Mercantilism raises the uncertainty of macro conditions on market outcomes which are coming off one of the best decades in history and investors are as concentrated as they ever have been in the assets that did well uncorrelated alpha that adds diversifying return to portfolios It also raises the value of alpha and beta strategies that improve portfolio resilience by reducing environmental bias We see this most notably in areas where investors have stopped looking—for example where allocations are about as small as they have ever been despite the diversifying potential of such allocations We also see it in the ability to engineer alpha strategies that are complementary to asset portfolios by tactically reducing environmental biases you agree that this material is confidential intellectual property of Bridgewater® Associates LP and that you will not directly or indirectly copy publish or redistribute this material and the information therein or otherwise make any commercial use of this material without Bridgewater’s prior written consent objectives or tolerances of any of the recipients The information provided herein is not intended to provide a sufficient basis on which to make an investment decision and investment decisions should not be based on simulated hypothetical or illustrative information that have inherent limitations Unlike an actual performance record simulated or hypothetical results do not represent actual trading or the actual costs of management and may have under or over compensated for the impact of certain market risk factors Medley Global Advisors (Energy Aspects Corp) availability or use would be contrary to applicable law or regulation or which would subject Bridgewater to any registration or licensing requirements within such jurisdiction photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Bridgewater ® Associates known as "papering the house" as Director/Choreographer Kelley J Baran gives instructions during the Bridgewater-Raynham Regional High School's Raynwater Players' production of Hadestown Teen Edition by Anais Mitchell on Wednesday Cast members brought their stuffed animals to fill the empty seats as spectators known as "papering the house" in Bridgewater-Raynham Regional High School's Raynwater Players' production of Hadestown Teen Edition by Anais Mitchell on Wednesday known as "papering the house" Derek Storment played Orpheus in Bridgewater-Raynham Regional High School's Raynwater Players' production of Hadestown Teen Edition by Anais Mitchell on Wednesday Judy and Thomas Mailman of Bridgewater are the western region and provincial winners of the 2024 Woodland Owners of the Year Award “I’d like to congratulate the Mailmans and thank them for passing along their extensive forestry knowledge to future generations of Nova Scotians,” said Tory Rushton “Private woodlot owners are crucial to preserving our forests and an important part of our economy and it's fantastic to see so many collaborating with us to promote ecological forestry in Nova Scotia.” The Mailmans have worked hard to take care of their woodland They have taken part in a project on silviculture for hemlock woolly adelgid – an insect that attacks hemlock trees – hosted classes from Nova Scotia Community College worked with researchers on tree care and wood heating They have also teamed up with the Western Woodlot Services Cooperative to promote their woodlands The central region winners are Julia and David MacMillan of Tatamagouche and the eastern region winners are brothers Brian and Steven Eadie of Clydesdale The awards honour private landowners for exceptional management of their woodlands and superior forestry practices on private land They promote sustainable stewardship and raise public awareness about the significance of private woodlands in Nova Scotia Nominations were assessed based on integrated resource management practices enhancement of woodlots and understanding of forestry and woodlot management Woodland Owner of the Year Award: https://novascotia.ca/natr/woodlot/woya/ Information on ecological forestry in Nova Scotia: https://novascotia.ca/ecological-forestry/ Department of Natural Resources and Renewables on X (formerly Twitter): https://twitter.com/NS_DNRR Nova Scotia Woodlands on Facebook: https://www.facebook.com/NovaScotiaWoodlands/ Nova ScotiaNewsU.S. auto tariffs bring uncertainty for N.S. communities with tire plantsBy Jonathan MacInnisPublished: March 06, 2025 at 3:11PM EST