Home Prices Show No Signs Of Dropping

Home prices grew more quickly than usual at the end of 2023 to finish at an all-time high. It’s a side effect of the market for existing homes that dried up as mortgage rates rose. Prices rose 6.1% from year-ago levels in the S&P CoreLogic Case Shiller Home Price Indices, which tracks prices in 20 …

READ MORE

The U.S. Banking System is on the Verge of Collapse

Banks Must Do More on Counterparty Risks, Fed’s Barr Says (Bloomberg) — Wall Street lenders must do more to spot risks from firms they do business with as the Federal Reserve steps up oversight of counterparty risks, according to the central bank’s vice chair for supervision. Michael Barr said Tuesday that banks should bolster how …

READ MORE

Significant Risk of Tornadoes Today 2/27. Ohio River Valley and Areas around Chicago

SPC just upgraded. Convective Cap beginning to break along the southern shore of Lake Michigan. Monster jet overhead. Stay tuned for a very active evening. https://www.spc.noaa.gov/products/outlook/day1otlk.html Day 1 Convective Outlook NWS Storm Prediction Center Norman OK 1026 AM CST Tue Feb 27 2024 Valid 271630Z – 281200Z …THERE IS AN ENHANCED RISK OF SEVERE THUNDERSTORMS …

READ MORE

Boeing Employee: “I Just Want… Off This Plane”

You are now warned: In 2018, Ed Pierson decided that he could no longer work as a senior manager for Boeing’s 737 MAX program. At the company’s production facility in Renton, Washington, he had watched as employee morale plummeted and oversight and assembly procedures faltered. He told his superiors but retired soon after. But then …

READ MORE

It’s been 30 years since food ate up this much of your income.

IT’S BEEN 30 YEARS SINCE FOOD ATE UP THIS MUCH OF YOUR INCOME The last time Americans spent this much of their money on food, George H.W. Bush was in office, “Terminator 2: Judgment Day” was in theaters and C+C Music Factory was rocking the Billboard charts. Source:… pic.twitter.com/9CMWtL8RiF — Rob Bluey (@RobertBluey) February 27, …

READ MORE

What’s Next When Policy Makers Can’t Hide Their Sins?

via Matthew Piepenburg It’s almost comical to watch policy makers of all stripes and country codes caught in a corner yet pretending we don’t notice. Children In Charge I’m reminded of the kid with his hand in the cookie jar while pretending his parents can’t see him—denying his guilt despite the crumbs falling from his …

READ MORE

Chinese ‘Cyberattack’ Will Be ‘100% Worse’ Than Cell Phone Outage, Top Republican Warns

A 100 percent worse?!? What soes that even mean? Phones out for 5 hours instead of 3? Or did he mean 100 times worse? The recent AT&T network outage, which affected millions of cell phones and access to emergency services across America, would pale in comparison to a cyberattack from China, according to a prominent Republican who …

READ MORE

Brazil puts reform of UN at heart of its G20 presidency

Brazil has put the Bermuda triangle of international diplomacy – reform of the United Nations and other multilateral bodies – at the heart of its presidency of the G20, arguing that the war in Gaza and shifts in the economic power balance finally make change possible. A two-day meeting of G20 foreign ministers in Rio …

READ MORE

California gasoline tax goes up 4 cents per gallon

You’re now paying 4 cents more per gallon at the gas station after an increase in California’s gasoline excise tax went into effect at the start of the new fiscal year July 1. The annual bump is due to the passage in 2017 of Senate Bill 1 — commonly called the gas tax — that …

READ MORE

Fani Willis Awarded $600K in Taxpayer-Funded Cars While Stonewalling County Audit

“Fulton County district attorney Fani Willis (D.) on Wednesday secured over $600,000 in taxpayer funds to buy her staff a fleet of brand new cars—even though lawmakers don’t know what she plans to use them for. Four of the Fulton County Board of Commissioners’ Democratic members voted to approve Willis’s request, with one Democrat joining …

READ MORE

Oh look, another coward running away.

IRS Official Alex Mena SPRINTS a mile down 7th avenue in NYC after O’Keefe shows footage of him calling the IRS AI programs ‘unconstitutional’ Mena then attempted to hide by standing in a shadowy doorway on Commerce Street, before O’Keefe found him and Mena began running again. Mena, who said he works with Criminal Investigations …

READ MORE

It’s official: Sweden to join NATO

BUDAPEST — At last, Sweden will get to join NATO. Sweden cleared the final hurdle to become the military alliance’s 32nd member after Hungary — the last holdout among the countries — held a parliamentary vote to approve the move. In recent years, Russia’s invasion of Ukraine pushed Sweden away from its decades of military …

READ MORE

Interventions in China’s current stock market crash initially made things worse. Market freedom now = zero.

(Bloomberg) — Chinese hedge funds were looking forward to a holiday break from the market turmoil when trouble started brewing last month. One manager had his short-selling orders abruptly rejected by brokers. Another was cut off from the stock market completely. Regulators turned up on trading floors at multiple funds to monitor transactions in person. …

READ MORE

March Worries for Banks: High Interest Rates and Real Estate Debt Pile on Pressure

March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set the stage for a financial storm, and the expiration of a short-term federal loan program …

READ MORE

Argentina’s Javier Milei to introduce bill jailing any central bank official that prints money to finance deficits

Argentine President Javier Milei said on Thursday evening that he will present a bill to Congress to punish with jail time any Central Bank official that issues money to the National Treasury to finance fiscal deficits. Milei, in an interview with the news channel Todo Noticias, said that the intention is to define the practice …

READ MORE

Is AOC complaining about Bidenomics.

AOC laments the results of one-party rule and Bidenomics: "Rent in New York City, just like across the rest of this country, has gotten out of control. Our housing crisis has gotten to such epic proportions!" pic.twitter.com/3JptMsMfag — RNC Research (@RNCResearch) February 26, 2024