Home Blog Page 20

Real Estate Expert Warns of Unprecedented Housing Market Challenges

0

Former Bravo star and “Million Dollar Listing” agent Kirsten Jordan, along with many other high-profile brokers, are grappling with a challenging real estate market characterized by unprecedented conditions.

Jordan highlighted the rarity of prolonged sub-5% mortgage rates, comparing the current situation to conditions not seen since the 1950s. This remark underscores her perspective on the gravity of the current housing market challenges.

The overarching issue, as Jordan described it on “Cavuto: Coast to Coast,” revolves around the overvaluation of homes across the United States.

Fitch Ratings’ report, cited by Jordan, revealed that by the end of 2023, homes were overvalued by an average of 11.1% in approximately 90% of U.S. metro areas. This trend is exacerbated by steep mortgage rates, recently escalating to over 7%, which have continued to impact housing affordability and market dynamics.

Real estate expert warns of very tough housing market.
Real estate expert warns of very tough housing market.

Despite the pessimistic outlook, Jordan expressed a cautious optimism regarding the future. She predicted a slight correction in home prices, suggesting a potential opportunity for buyers to enter the market amid these adjustments.

However, she also emphasized the persistent inventory shortage in prime locations, which has contributed to the resilience of home prices in those areas.

Looking ahead, Jordan forecasted potential price adjustments ranging from 5% to 10% across various real estate markets in the U.S. throughout the year. Her analysis suggests a complex interplay of factors influencing the housing market, including historical interest rate comparisons and contemporary consumer behavior marked by high levels of spending and debt.

Jordan acknowledged the uncertainty surrounding the housing market’s future trajectory, cautioning against premature predictions of a housing crash. She highlighted the multifaceted nature of the current economic environment, where housing trends are intertwined with broader economic indicators and consumer habits.

This nuanced perspective underscores the challenges and opportunities facing both buyers and sellers navigating today’s intricate real estate landscape.

Biden Campaign Criticizes Trump’s Business Record Before CEO Event

0

President Biden’s re-election campaign is actively shaping public perception of former President Trump’s business acumen as Trump prepares to address a gathering of nearly 100 CEOs at the Business Roundtable event in Washington, D.C.

Hosted by Larry Kudlow, the event is seen as a pivotal moment for Trump to court support from corporate leaders ahead of the upcoming general election. Trump is expected to highlight his extensive corporate experience, positioning himself as a seasoned leader capable of steering the nation’s economy.

In contrast, Biden’s campaign is pushing a narrative that challenges Trump’s business credentials. Biden spokesperson, James Singer, characterized Trump as incompetent and fraudulent, alleging that Trump’s tenure as both a businessman and president left the country economically devastated.

The campaign pointedly criticized Trump’s track record with bankruptcies in casinos, hotels, airlines, and his eponymous university, aiming to underscore what they perceive as a legacy of failed ventures.

Donald Trump and Joe Biden
Donald Trump and Joe Biden

Highlighting Biden’s economic achievements, the campaign emphasized a booming economy characterized by low unemployment rates, rising wages, and reduced inflation.

They credited these improvements to Biden’s policies, contrasting them with what they view as Trump’s economic missteps. The campaign positioned Biden as the candidate capable of sustaining economic growth and addressing the needs of American workers and families.

Conversely, Trump’s campaign defended his business record vigorously, asserting that he successfully built a billion-dollar real estate empire and fostered what they described as the greatest economy in American history during his presidency.

Trump’s spokesperson, Karoline Leavitt, criticized Biden’s economic policies for allegedly exacerbating inflation and increasing the cost of living without offering viable solutions. She portrayed Trump as a strong leader capable of revitalizing the economy and reaffirmed his popularity in recent polls as evidence of his enduring appeal.

The White House, represented by chief of staff Jeff Zients in Biden’s absence, sought to maintain a presence at the Business Roundtable event. With Biden traveling to the G-7 Summit in Italy, the administration continued to advocate for Biden’s economic agenda, aiming to counter Trump’s narrative directly to the corporate leaders in attendance.

The upcoming event represents a clash of narratives between Biden and Trump regarding economic stewardship and leadership qualities. Both campaigns are strategically leveraging Trump’s business background and Biden’s economic achievements to sway public opinion and corporate support ahead of the critical upcoming election.

Tragic Plane Crash Kills Malawian Vice President and Nine Others

0

Malawian Vice President Saulos Chilima and nine others were killed in a plane crash in the mountains of Malawi, as confirmed by President Lazarus Chakwera. The wreckage was located near Mzuzu after an extensive search a day after the plane vanished. President Chakwera expressed his deep sadness and confirmed that there were no survivors.

President Chakwera provided details during a live television address, explaining that the plane was found completely destroyed in the dense forest and hilly terrain. Chilima, aged 51, was among the victims, along with former first lady Shanil Dzimbiri and several other passengers and military crew members. They were en route to Mzuzu to attend a funeral for a former government minister.

Malawian Vice President Saulos Chilima and Nine Others Killed in Plane Crash
Malawian Vice President Saulos Chilima and Nine Others Killed in Plane Crash.

The ill-fated flight was supposed to be a short 45-minute journey from Malawi’s capital, Lilongwe, to Mzuzu. However, the plane disappeared from radar after air traffic controllers instructed the pilot to return to Lilongwe due to poor weather conditions and visibility issues at Mzuzu’s airport. This led to a major search operation involving 300 police officers, 200 soldiers, and local forest rangers.

Saulos Chilima was in his second term as vice president, having previously served from 2014 to 2019 under former President Peter Mutharika. Despite facing corruption charges recently, these were dropped last month, with Chilima consistently denying any wrongdoing. His unexpected death marks a significant loss for the nation.

The crash not only claimed the lives of key political figures but also highlighted the challenges of aviation safety in adverse weather conditions. The nation mourns the loss of its vice president and others, reflecting on the impact of this tragic event on Malawi’s political and social landscape.

Israel Vows to Continue Gaza Conflict Despite UN Ceasefire Plan

0

Israel has promised to keep fighting in Gaza and won’t talk to Hamas if the discussions don’t lead anywhere. This comes after the United Nations Security Council strongly supported a plan, backed by the US, to stop the eight-month-long conflict.

Reut Shapir Ben-Naftaly, Israel’s representative to the UN, reiterated her country’s commitment to ensuring Gaza’s future non-threatening status to Israel, emphasizing that the war would persist until all hostages were released and Hamas’ capabilities dismantled, accusing the militant group of using negotiations to stall for time.

After a 14-1 vote in favor of the US-drafted resolution at the UNSC, with Russia abstaining, the comprehensive three-stage peace deal, proposed by US President Joe Biden on May 31, received international support, intensifying pressure on both Hamas and Israel to cease hostilities.

Israel Vows to Continue Gaza Conflict Despite UN Ceasefire Plan
Israel Vows to Continue Gaza Conflict Despite UN Ceasefire Plan.

US Secretary of State Antony Blinken, during his diplomatic visit to the Middle East, affirmed Prime Minister Benjamin Netanyahu’s backing of the ceasefire proposal and hostage release plan, contingent upon Hamas’ acceptance. Netanyahu reiterated his stance to continue the Gaza war until Hamas is eradicated and hostages freed.

Hamas welcomed the UNSC resolution, expressing readiness to engage in implementing measures such as Israeli forces’ withdrawal from Gaza and prisoner exchange. The resolution stated Israel’s acceptance of the plan, despite Netanyahu’s previous statements indicating otherwise.

While US officials assured Israel’s compliance with the obligations outlined in the plan, negotiations between Israel and Hamas to implement its provisions are ongoing. The deal, divided into three phases, includes an initial ceasefire, followed by the release of hostages and Palestinian prisoners, and ultimately culminating in the permanent cessation of hostilities and Israeli withdrawal from Gaza.

Rishi Sunak Reveals Conservative Manifesto Amid Election Challenges

0

Amidst a challenging period for the Conservatives, British Prime Minister Rishi Sunak revealed the Conservative Party’s election manifesto. The manifesto pledges support for first-time homebuyers and additional tax cuts.

This announcement comes as the Conservatives confront the possibility of defeat by the Labour Party in the forthcoming July 4 general election. Sunak’s leadership has also faced criticism during the campaign, adding to the party’s difficulties.

Sunak addressed controversies, including apologizing for departing early from D-Day commemorations and facing accusations of misleading the public regarding Labour’s tax plans. Despite these challenges, he reiterated pledges to reduce National Insurance by 2 pence and revive the national service program, requiring 18-year-olds to engage in community service or military training for a year.

Rishi Sunak
Sunak reveals Conservative manifesto, pledging support for first-time homebuyers and additional tax cuts amid challenges.

Migration reduction and support for first-time property buyers were highlighted in Sunak’s announcements, addressing critical issues like the housing crisis. Economic growth, cost of living, and tax policies have become central themes for both Sunak and Labour leader Keir Starmer in their campaign narratives, with polls favoring Labour to secure its first parliamentary majority in over a decade.

The Conservative manifesto proposes significant tax cuts, projected to reach £17.2 billion annually by 2029-30. However, critics, including the Institute for Fiscal Studies (IFS), question the funding mechanisms, citing uncertain savings and lack of specificity in cost reduction strategies, particularly in welfare spending and tax enforcement.

Reaction to the manifesto has been mixed. While some commend the commitment to addressing issues like retail crime, others express concerns over unresolved matters such as business rates and apprenticeships. Helen Dickinson, Chief Executive of the British Retail Consortium, acknowledges certain positives but criticizes the manifesto’s failure to decisively tackle key challenges, calling for more comprehensive solutions.

Tragic Fire at Bangkok’s Chatuchak Market: Hundreds of Caged Animals Perish, Prompting Calls for Reform

0

A devastating fire at Chatuchak Weekend Market in Bangkok, Thailand, resulted in the deaths of hundreds of caged animals early Tuesday morning. The blaze, reportedly caused by an electrical short circuit, rapidly engulfed more than 100 shops in the pet section of the market.

Despite the quick response by authorities who managed to control the fire within an hour, the fire claimed the lives of numerous animals, including puppies, fish, snakes, birds, and rabbits. Fortunately, no human casualties were reported.

Bangkok Governor Chadchart Sittipunt visited the scene following the containment of the fire. He encouraged the public to support the affected shop owners by offering temporary homes for the surviving animals.

Throughout the morning, officials were seen examining the burnt shops and rescuing animals that had survived the ordeal. The authorities are currently assessing the financial impact of the fire and have advised affected shop owners to register for compensation.

Devastating Fire at Bangkok's Chatuchak Market Kills Hundreds of Caged Animals
Devastating Fire at Bangkok’s Chatuchak Market Kills Hundreds of Caged Animals.

Chatuchak Weekend Market is a significant tourist attraction, drawing almost 200,000 visitors every weekend who come to explore its diverse array of goods, including food, clothing, furniture, plants, books, and pets.

However, the market has long been under scrutiny for allegations of wildlife trafficking. In 2013, Thai police discovered numerous protected animals, including 14 white lions imported from Africa, linked to an exotic pet shop owner at the market.

In response to the fire, People for the Ethical Treatment of Animals (PETA) emphasized the need for urgent reforms. PETA’s senior vice president, Jason Baker, condemned the use of animals for entertainment and called on the Thai government to prevent the market from reopening under its current conditions. The organization highlighted the suffering of captive animals and advocated for their protection.

The Wildlife Friends Foundation in Thailand echoed these sentiments, criticizing the market as a disgrace to Bangkok. The foundation’s director, Edwin Wiek, condemned the illegal smuggling and mistreatment of animals, pointing out the ethical, health, and safety concerns associated with such practices. The incident has intensified calls for stricter regulations and better enforcement to prevent further cruelty and ensure animal welfare.

Benny Gantz Resigns from Netanyahu’s Government Over Gaza Strategy Dispute

0

Benny Gantz resigned from Benjamin Netanyahu’s government, citing Netanyahu’s hindrance in achieving victory in Gaza. Gantz emphasized the need for a genuine strategy. Despite Netanyahu’s plea for unity, Gantz proceeded with his decision. This leaves the war cabinet with limited representation, raising concerns about decision-making diversity in the conflict.

Gantz, viewed as Netanyahu’s primary political rival, asserted his resignation eight months after the Hamas attacks on October 7, expressing dissatisfaction with the current state of affairs both in the country and within the decision-making processes.

He accused Netanyahu of prioritizing personal political gains over devising a comprehensive post-war plan for Gaza, urging him to call for elections in the near future.

This decision from Gantz fulfills an ultimatum he issued to Netanyahu, demanding a new strategy for the conflict with Hamas by June 8.

Initially expected to resign on Saturday, Gantz postponed the announcement following the successful rescue operation conducted by Israeli forces, which saw the liberation of four hostages but led to significant casualties in Gaza.

Benny Gantz and Netanyahu
Gantz quit because Netanyahu’s plan for Gaza wasn’t working well.

Despite Netanyahu’s plea for Gantz to remain in the emergency government, emphasizing the need for unity, Gantz proceeded with his resignation. Netanyahu urged Gantz to reconsider, stressing the importance of collective efforts in achieving victory in the conflict and ensuring the safety of Israeli citizens.

While Gantz’s departure does not immediately jeopardize Netanyahu’s government, as it still retains a majority in the Knesset, it leaves the war cabinet with only Likud representation. This raises concerns about the diversity of perspectives within the decision-making body, particularly regarding crucial matters related to the conflict with Hamas.

Gantz’s decision to resign comes amidst mounting pressure on Netanyahu from both international allies and families of hostages in Gaza to end the conflict. Despite the prolonged duration of the war, Israel has yet to accomplish its objectives, with key Hamas leaders still at large and a significant number of hostages remaining in captivity.

Haiti’s New PM Garry Conille Discharged from Hospital, Vows to Tackle Security Crisis and Improve Healthcare

0

Haiti’s new Prime Minister, Garry Conille, left the hospital after a quick visit for a health problem. In a video on YouTube, he said he’s ready to lead during the country’s security crisis and wants to make healthcare easier to get.

Arriving in Haiti on June 1st, Conille faces the challenging task of tackling widespread gang violence and alleviating deep-rooted poverty, with inflation hitting a record high of 29%. Gangs controlling a significant portion of Port-au-Prince have displaced hundreds of thousands of people in recent years and impeded critical goods transportation.

Conille’s predecessor, Ariel Henry, resigned in April amid escalating gang attacks that targeted police stations, prisons, and even the nation’s main airport during his official trip to Kenya. The Haitian government now awaits the deployment of a UN-backed police force from Kenya and other nations to combat the escalating violence.

Garry Conille
Conille leaves the hospital and pledges to tackle Haiti’s security and healthcare issues.

Reports suggest Conille, who previously served as UNICEF’s regional director for Latin America and the Caribbean, is asthmatic and experienced breathing difficulties prompting his hospitalization. However, he appears optimistic in the released video, expressing determination to form a government swiftly to address the ongoing crisis.

Conille is confronted with a complex array of security challenges, economic instability, and healthcare accessibility issues. His dedication to promptly forming a functional government underscores the urgent nature of the situation and the imperative for decisive action to stabilize Haiti amidst its multifaceted crises.

British TV Host Michael Mosley Missing, Body Found in Greece

0

British TV presenter Michael Mosley, known for his health advice, went missing after taking a solo walk on the Greek island of Symi. His wife, Dr. Claire Bailey, expressed devastation over losing her husband, describing him as wonderful, funny, kind, and brilliant. Efforts to recover his body for identification and a post-mortem examination are underway, involving multiple authorities and volunteers.

Despite extensive search operations involving the police, fire brigade, coast guard, and volunteers, Mosley’s whereabouts remained unknown until a body was discovered.

The focus of the search was concentrated around the Pedi area of the island, where a witness reported seeing him. The location where the body was found is near this area, suggesting a tragic end to his disappearance.

Michael Mosley
Michael Mosley is missing after the walk-in Symi.

Dr. Bailey explained that her husband likely veered off course during a climb, leading to his collapse in a location not easily visible to search teams.

Mosley, a well-known figure in British television for his documentaries and appearances on various shows, notably promoted intermittent fasting diets like the 5:2 diet and authored books on rapid weight loss through time-restricted eating.

Beyond his television work, Mosley engaged in documentary series delving into scientific subjects and willingly exposed himself to parasite infestation for research. Collaborating often, he and his wife hosted theater tours and participated in literary gatherings like the Hay Festival. The announcement of his passing has evoked condolences from both his admirers and official sources.

Representatives from the UK’s Foreign, Commonwealth, and Development Office have affirmed their assistance for Mosley’s relatives and are coordinating with Greek authorities to ascertain the details surrounding his demise.

The passing of Michael Mosley has created a noticeable absence within British media and health advocacy, as accolades continue to pour in recognizing his significant contributions and enduring influence throughout his professional journey.

UN Halts Gaza Aid from US Pier Due to Safety Concerns After Conflict

0

The U.N. World Food Program has temporarily halted its humanitarian aid distribution from an American-built pier in Gaza due to safety concerns following a deadly day of conflict.

This decision came after an Israeli military operation that resulted in casualties on both sides, as well as damage to two WFP warehouses in Gaza and injuries to a staff member. The pause marks a setback for the U.S. sea route initiative aimed at delivering aid to Gaza’s vulnerable population.

The U.S. Agency for International Development (USAID) announced the pause to facilitate a security review by the humanitarian community in Gaza. The pier, operational for a brief period after its completion in mid-May, had just resumed operations on Saturday, bringing in substantial aid before the pause was announced.

However, details regarding the duration of the pause and its implications remain unclear, as WFP spokespeople have not provided further information.

UN Halts Gaza Aid from US Pier Due to Safety Concerns After Conflict
UN halts aid distribution from US-built Gaza pier over safety concerns after deadly conflict.

Cindy McCain, representing the WFP, expressed concerns about the safety of personnel and the need to reassess the situation before resuming operations. She highlighted the rocketing of WFP warehouses and emphasized the importance of ensuring the safety of aid workers and facilities.

USAID echoed these sentiments, stating its commitment to working with humanitarian partners to resume aid movements safely and effectively following the security review.

The establishment of the U.S. pier was part of President Joe Biden’s initiative to address the humanitarian crisis in Gaza, exacerbated by Israeli restrictions on land crossings and ongoing conflict.

Despite the pier’s return to operation coinciding with an Israeli military assault that rescued hostages from Hamas, USAID clarified that the pier was not involved in the operation. Maintaining the independence of humanitarian efforts from military missions is a core principle to safeguard aid operations and personnel in conflict zones.

The events highlight the pressing requirement for a ceasefire to enable the continuous delivery of aid to Gaza’s inhabitants. McCain stressed the importance of ending the conflict to guarantee the substantial flow of aid from multiple organizations.

The humanitarian sector remains committed to lessening the crisis’s effects on civilians and offering crucial support, all while addressing the intricate challenges posed by conflict dynamics and security issues.

Nium Raises $50 Million, Targets IPO in 18 Months Despite Valuation Dip

0

Nium, a financial technology startup, has secured $50 million in new funding and is eyeing an initial public offering (IPO) within the next 18 months.

Led by an undisclosed Southeast Asian sovereign wealth fund, the funding round included support from venture capital firms BOND, NewView Capital, and Tribe Capital, valuing Nium at $1.4 billion—a 30% discount from its previous valuation of $2 billion in 2022.

Prajit Nanu, Nium’s CEO, indicated that the fresh capital would be used to pursue mergers and acquisitions, particularly targeting other growth-stage payment firms.

CEO Prajit Nanu optimistic about Nium’s growth, remains unfazed by public market challenges.

Despite the lower valuation, Nanu remains confident in Nium’s growth trajectory and is optimistic about going public in the third or fourth quarter of 2025.

He emphasized that the IPO valuation is not a primary concern, citing examples such as Stripe, which saw fluctuations in its valuation before going public.

Nanu also mentioned that Nium is currently not interested in acquiring companies in the cryptocurrency space, citing a lack of significant merchant demand for crypto payments.

He noted that Nium operates as a layer on top of many banks worldwide and views crypto infrastructure as still in its early stages.

This decision comes despite the recent surge in cryptocurrency prices, including bitcoin, which has seen a 150% increase in the last 12 months following the approval of spot bitcoin exchange-traded funds in the U.S.

Bay Area Luxury Home Market Soars Amid Tech Boom and Wealth Influx

Luxury home sales in the Bay Area jumped by two-thirds in April compared to last year. This increase is due to a rising stock market and investment in AI companies.

According to Compass Chief Market Analyst Patrick Carlisle, there’s a lot of wealth in the Bay Area, which is home to many billionaires and people with at least $100 million to invest.

This influx of wealthy buyers led to about 450 sales of over $3 million and over 100 sales of homes priced above $5 million, marking a 66 percent rise in both categories from the previous year.

Santa Clara County Tops Luxury Sales Charts

Santa Clara County, home to tech companies like Apple and Google, leads in luxury home sales, especially in the $3 million to $5 million range, with 590 deals from January 1 to May 15.

Luxury home sales in the Bay Area jumped by two-thirds in April compared to last year.
Santa Clara County leads in high-end sales, with 590 deals in the $3-$5 million range.

The county also leads in the $5 million to $10 million category with 113 sales.

San Mateo County, which includes areas like Atherton, Woodside, and Hillsborough, leads the $10 million-plus market with 21 sales. San Francisco, while behind Santa Clara and San Mateo, still saw 200 deals over $3 million, including 40 for condos and co-ops.

Trends in Buyer Activity and Market Behavior

The increase in luxury home sales is due to a strong tech-focused Nasdaq and growing trust in AI technologies, impacting wealthy households more than changing interest rates.

With buyers returning, more sellers are listing homes, resulting in over 200 homes priced above $5 million being listed in April, the highest in three years.

Increased AI investments and stock market gains drive affluent buyers to the Bay Area’s luxury real estate.

However, expensive homes still stay on the market longer and are less likely to sell above the asking price compared to lower-priced homes, due to fewer buyers and varying opinions on luxury features.

Impacts on the Broader Real Estate Market

The surge in Bay Area luxury home sales reflects broader trends in the real estate market, especially in wealthy and tech-centric regions.

The rise in high-end real estate highlights the ongoing demand for luxury properties, fueled by tech company success and stock market gains. This trend is also seen in other affluent areas, showing the strength and appeal of luxury real estate as an investment.

Pfizer’s Drive for Efficiency and Growth Amid Industry Shifts

0

In New York City, Pfizer’s headquarters represents innovation and resilience. Facing changes in the pharmaceutical industry, Pfizer has announced a plan to save $1.5 billion by 2027 to recover from falling Covid-related revenues.

This new plan builds on last year’s $4 billion cost-reduction initiative. As demand for its COVID-19 vaccine and Paxlovid has dropped, Pfizer plans further cuts focused on making its operations more efficient. These cuts will include a $1.7 billion expense for severance costs due to layoffs.

Revamping Operations and Stock Performance

Pfizer is also enhancing its product range and adjusting its manufacturing and supply chains to be more agile. These changes are necessary to stay competitive.

Pfizer’s shares fell nearly 50% in 2023
Strategic portfolio enhancements and manufacturing adjustments drive Pfizer’s competitive edge.

A Pfizer spokesperson said the program aims to streamline operations, reduce complexity, and increase productivity. The company acknowledges that manufacturing adjustments will take careful planning and time.

Restoring Investor Confidence

Pfizer’s shares fell nearly 50% in 2023, losing over $100 billion in market value. However, better-than-expected first-quarter financial results have improved investor confidence.

Moving away from its reliance on Covid-related products, Pfizer is focusing on financial prudence and diversifying its portfolio. Despite some challenges, Pfizer aims to regain its footing and continue its legacy of innovation.

This realignment, with significant cost cuts and operational streamlining, shows Pfizer’s proactive approach to the pharmaceutical industry’s challenges. The company is focused on sustainability and growth to stay at the forefront of healthcare innovation.

French Officials Reportedly Raise Questions About Noem’s Claim of Macron Meeting Cancellation

0

South Dakota Governor Kristi Noem’s new book hit a roadblock after a French official questioned her story about canceling a meeting with President Emmanuel Macron. Noem said she canceled the meeting because she felt Macron made anti-Israel comments. However, Macron’s office stated there was no record of such a meeting being scheduled or an invitation extended to Noem.

Noem’s spokesperson explained that she was in Paris for a political conference and was invited to Macron’s private box for the Armistice Day parade.

This controversy adds to other mistakes in the book, including a story about meeting North Korean leader Kim Jong Un, which has no record, and another tale about former U.N. Ambassador Nikki Haley. These stories were removed from the book after criticism.

French Officials Reportedly Raise Questions About Noem's Claim of Macron Meeting Cancellation
South Dakota Governor Kristi Noem

The book, titled “No Going Back: The Truth on What’s Wrong with Politics and How We Move America Forward,” also faced scrutiny over a story about Noem killing her hunting dog. Noem defended her decision, saying it was for safety reasons.

This controversy comes as Noem is reportedly a potential running mate for former President Trump. The backlash led to Noem cutting short her media tour, and some speculate it may have harmed her chances of being on Trump’s ticket.

US Report on Israel’s War Conduct Falls Short, Says Democratic Senator

0

Former New York City Mayor Rudy Giuliani’s (R) radio show on WABC Radio has been canceled, and he was suspended by the station over claims he made about the 2020 election, according to a report from The New York Times.

“We’re not going to talk about fallacies of the November 2020 election,” WABC Radio owner and host John Catsimatidis said, according to the Times. “We warned him once. We warned him twice. And I get a text from him last night, and I get a text from him this morning that he refuses not to talk about it.”

“So,” Catsimatidis added, “he left me no option. I suspended him.”

In a thread of his own posts on the social platform X Friday, Giuliani said that Catsimatidis and WABC “fired me for refusing to comply with their overly broad directive stating I’m, ‘prohibited from engaging in conversations relating to the 2020 Presidential Election.’”

US Report on Israel's War Conduct Falls Short, Says Democratic Senator
Former New York City Mayor Rudy Giuliani’s (R) radio show on WABC Radio has been canceled

“This directive is a clear violation of free speech,” Giuliani said in his thread. “WABC’s decision comes at a very suspicious time, just months before the 2024 election, and just as John (@JCats2013) and WABC continue to be pressured by Dominion Voting Systems and the Biden regime’s lawyers.”

Giuliani has been a common spreader of false claims about fraud in the 2020 presidential election, for which he has faced financial consequences. He filed for bankruptcy at the end of last year shortly after a jury ordered him to pay $148 million to former Georgia election workers that he inaccurately alleged had committed fraud in the 2020 election.

In a filing earlier this week, lawyers for the former New York City mayor said that he is struggling with finding someone to assist in accounting duties for his bankruptcy case. He has contacted “a number of accounting firms” for help, however, “no one seems interested in taking the assignment.”

Survey Finds Decline in Expectations for Trump Conviction in Hush Money Trial

0

A new survey by YouGov/Economist released Thursday shows that fewer Americans think former President Trump will be convicted in his New York hush money trial.

Compared to a similar poll last month, there’s a decrease in belief from both Democrats and Republicans. In late April, 39 percent of Democrats thought Trump would be convicted; now, it’s 34 percent. Among independents, it dropped from 21 percent to 17 percent, and among GOP voters, it decreased from 17 percent to 14 percent.

Overall, only 22 percent of Americans think Trump will be convicted in the Manhattan case. Trump faces 34 felony counts for falsifying business records related to payments made to his former lawyer, Michael Cohen, who paid $130,000 to Stormy Daniels, a porn actress, to keep quiet about an alleged affair she claimed to have had with the former president in 2006.

Survey Finds Decline in Expectations for Trump Conviction in Hush Money Trial
Former President Trump

In a similar survey released in mid-April, 24 percent of Americans believed Trump would be convicted, while 36 percent said he wouldn’t.

The seriousness of the case has also seen slight shifts since late April. About 90 percent of Democrats see the case as “very” or “somewhat” serious, which is up by 5 points. The increase among independents and GOP voters was small. Now, 50 percent of independents view the case as serious, up 3 percentage points from late April. Among Republicans, it increased from 23 percent to 25 percent.

The survey was conducted from May 5-7 among 1,813 U.S. adults, with a margin of error of 3 percent.

Controversial Election Claims Lead to Giuliani’s Radio Show Cancellation

0

Rudy Giuliani, the former Mayor of New York City, had a radio show on WABC Radio. But now, it’s been canceled because of things he said about the 2020 election, according to The New York Times.

John Catsimatidis, who owns WABC Radio, said, “We’re not going to talk about fallacies of the November 2020 election. We warned him once. We warned him twice. And I get a text from him last night, and I got a text from him this morning that he refuses not to talk about it.”

“So,” Catsimatidis added, “he left me no option. I suspended him.”

On the social platform X, Giuliani said that WABC “fired me for refusing to comply with their overly broad directive stating I’m, ‘prohibited from engaging in conversations relating to the 2020 Presidential Election.’”

Controversial Election Claims Lead to Giuliani's Radio Show Cancellation
Rudy Giuliani, the former Mayor of New York City

“This directive is a clear violation of free speech,” Giuliani said. “WABC’s decision comes at a very suspicious time, just months before the 2024 election, and just as John (@JCats2013) and WABC continue to be pressured by Dominion Voting Systems and the Biden regime’s lawyers.”

Giuliani has spread false claims about fraud in the 2020 presidential election. He had to pay $148 million to former Georgia election workers after falsely accusing them of fraud. This led him to file for bankruptcy at the end of last year.

Giuliani’s lawyers recently said that he’s having trouble finding someone to help with his bankruptcy case. He reached out to several accounting firms, but none of them wanted to help.

Consistency Key to Restoring Trust in Judicial System, Says Kavanaugh

0

Supreme Court Justice Brett Kavanaugh talked about trust in the U.S. judicial system during a judicial conference on Friday, according to The Washington Post.

Kavanaugh said, “Individual decisions don’t have to be popular. … The losing party has to respect the decision.”

He added, “Consistency builds respect. It’s showing up every day in the courtroom and trying to be respectful to the parties, to write your opinion in a way that’s clear and understandable, to get out when you’re speaking and try to explain, to the bar, the judicial process, to try to be transparent and to be impartial as a judge.”

According to a CNN poll from February, most Americans don’t trust the Supreme Court to make the “right decisions” regarding legal cases related to the 2024 election.

Consistency Key to Restoring Trust in Judicial System, Says Kavanaugh
Supreme Court Justice Brett Kavanaugh

Fifty-eight percent of the respondents said they didn’t trust the court much or at all on this issue. Eleven percent said they trusted the court “a great deal,” and 35 percent said they trusted it “a moderate amount.”

Kavanaugh also mentioned unpopular decisions made by previous Supreme Court versions, saying, “and a lot of them are landmarks now that we accept as parts of the fabric of America, and the fabric of American constitutional law,” according to The Associated Press.

He also said that federal judges “stay as far away from politics as possible.”

“It’s an everyday thing. I don’t think it’s a ‘flip the switch.’ It’s showing up every day in the courtroom and trying to be respectful of the parties in a way that is clear and understandable,” Kavanaugh continued.

Netanyahu Opens Up About Israel’s Missteps in Dr. Phil Conversation

0

Israeli Prime Minister Benjamin Netanyahu spoke in an interview with “Dr. Phil” McGraw on Thursday. He admitted that there were “failures” by Israel on October 7 when Hamas attacked Israel.

Netanyahu said, “There were failures, obviously. First of all, government. The government’s first responsibility is to protect the people. That’s the ultimate enveloping responsibility. And the people weren’t protected. We have to admit that.”

The attack on October 7 resulted in nearly 1,200 deaths, and Israel’s ongoing war in Gaza since then has led to more than 34,000 Palestinian deaths.

Netanyahu also mentioned the need for a “thorough explanation” of what happened in Israel in October 2023. He said, “I think we’re gonna have to have a thorough examination, once the war ends, of exactly what happened, how it happened, and who… you know, who made it happen?”

Netanyahu Opens Up About Israel's Missteps in Dr. Phil Conversation
Israeli Prime Minister Benjamin Netanyahu

This interview with Netanyahu came after President Biden warned that he would stop providing offensive weapons like bombs and artillery shells to Israel if its forces invaded Rafah.

Biden stated, “Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers.” He added, “I made it clear that if they go into Rafah — they haven’t gone in Rafah yet — if they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities — that deal with that problem.”

Decline in Mortgage Loans to Low-Income Americans Highlights Housing Market Shift

Recent data from Redfin shows that fewer low-income Americans got mortgage loans last year compared to 2020. The U.S. Federal Reserve raised interest rates a lot, making it harder for people to buy homes.

The usual 30-year mortgage rates went up over 7%. People who already own homes are sticking to their low rates from the pandemic time, which makes fewer homes available for sale and pushes prices up.

Because of this, the percentage of new mortgages going to low-income Americans dropped from 23.2% in 2020 to 20.6% last year, going back to how things were in 2018.

Is This Like the 1970s Housing Market?

The current housing market reminds some people of the 1970s. Back then, there was high inflation and a big drop in stock prices. But today’s market is different because jobs are growing and the economy is strong.

Mortgage Loans to Low-Income Americans Highlights Housing Market Shift
Homeownership dreams dashed as pandemic-era low rates maintained by existing homeowners.

The big problem now is that there aren’t enough homes for sale. This was a problem even before the pandemic, but the pandemic made it worse.

Even though more new homes are being built, there still aren’t enough, mainly because people don’t want to give up their low interest rates and because there haven’t been enough smaller, cheaper homes built over the years.

The Struggle for Low-Income Homebuyers

It’s harder than ever for low-income Americans to buy homes. The progress they made during the pandemic is gone. Homes cost a lot more now, and mortgage rates are higher, so it’s tough for low-income people to buy them.

Also, home prices have gone up much faster than wages, so it’s even harder for people with low incomes to afford homes.

The housing market reshaped as low-income mortgage share dropped, returning to 2018 levels.

It’s kind of ironic because the strong economy should help everyone, but it’s making it harder for less wealthy people to own homes, which makes the gap between rich and poor even bigger.

Looking Closer at Different Areas

The impact of these changes isn’t the same everywhere. Low-income people have better chances of buying homes in places like the Midwest and some parts of the East Coast, where homes are more affordable.

Cities like Minneapolis and Detroit have more low-income people getting mortgages, but in places like Anaheim and Los Angeles in California, fewer low-income people are getting them.

This shows that where you live in the U.S. makes a big difference in whether you can buy a home or not.