Uh oh: Home sales fall, mortgage demand
crashes to 22-year low
Posted By: Dreadnought, 7/21/2022 12:04:33 AM
If the economy can be likened to a game of musical chairs, it looks like the music is ending for the housing market — fast. Two big indicators today show that the Federal Reserve’s actions to tighten money supply as a brake on inflation has already had a big impact. Mortgage demand crashed to a 22-year low last week, leaving sellers potentially in a situation where prices may have to fall: Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home dropped 7% for the week
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WWE founder and CEO Vince McMahon, who stepped aside from his executive duties last month amid a board probe into alleged misconduct claims, is retiring from the company.
The WWE announced the decision in a statement Friday, adding that his daughter Stephanie McMahon and WWE president Nick Khan would become co-CEOs, with McMahon serving as chair. McMahon will remain the company’s majority shareholder, and he added in his statement that “I will continue to support WWE in any way I can.”
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon said in a statement.
Man Accused of Attack on GOP Rep. Zeldin
Immediately Released after Being Charged
with Felony 16 replies
Immediately Released after Being Charged
with Felony 16 replies
A 43-year-old man accused of attacking Representative Lee Zeldin (R., N.Y.) with a sharp object at a campaign stop in upstate New York on Thursday evening was charged with a felony and released from custody just hours after his arrest, police said.
Zeldin, who is New York’s Republican gubernatorial candidate, was giving a speech on bail reform at a stop on his “Unite to Fire Hochul” bus tour in Perinton when David G. Jakubonis allegedly charged at him and pulled out a sharp object.
Jakubonis was charged with attempted assault in the second degree and was released on his own recognizance
Twitter reported a surprise decline in quarterly revenue on Friday — and partially blamed its ongoing battle with Elon Musk for the unexpectedly weak results.
The social media site reported $1.18 billion in revenue during the March through June quarter — a 1% year-over-year decline. Analysts had expected Twitter to post $1.34 billion in revenue, according to Refinitiv data. In a release, Twitter blamed “headwinds associated with the macro-environment as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.”
Twitter shares were down 2.3% in pre-market at $38.60 trading on Friday.
Ukraine and Russia have signed a UN-backed deal to allow the export of millions of tonnes of grain from blockaded Black Sea ports, potentially averting the threat of a catastrophic global food crisis.
A signing ceremony at Dolmabahçe Palace in Istanbul was attended by the UN secretary general, António Guterres, and Recep Tayyip Erdoğan, Turkey’s president, who had played a key role during months of tense negotiations.
Guterres said in remarks at the ceremony that the deal would open the way to significant volumes of food exports from Ukraine and alleviate a parallel food and economic crisis in the developing world. He said “the beacon of hope
Trump watched supporters attack Capitol
on television as aides begged him to act,
committee says 29 replies
on television as aides begged him to act,
committee says 29 replies
Donald Trump watched his supporters storm the US Capitol on television while his senior staff begged him to call the rioters off, the January 6 committee has claimed.
Democratic congresswoman and committee member Elaine Luria introduced a prime-time hearing on Thursday by saying the committee would present evidence to show Mr Trump failed to act while the attack unfolded.
“This hearing is principally about what happened inside of the White House that afternoon, from the time when President Trump ended his speech until the moment when he finally told the mob to go home. A span of 187 minutes, more than three hours,” she said.
The New York Times opinion section actually published a shocking project where eight of their columnists admitted they were wrong about either economics, tech, foreign affairs or politics. At the top of the list was none other than “transitory” inflation gaslighter Paul Krugman.
The Times’s economic columnist published an op-ed with a headline that didn’t beat around the bush – for a change – and acknowledged how bad his unrealistic takes on the inflation crisis were for the past year. “I Was Wrong About Inflation,” says the headline. The disgruntled economist actually conceded that Biden’s irresponsible $1.9 trillion stimulus package was inflationary, despite his earlier objections to the contrary.
Joe Biden Breaks Mask Habit After Coronavirus
Infection — Even in Close Proximity
to Photographer 12 replies
Infection — Even in Close Proximity
to Photographer 12 replies
President Joe Biden broke CDC guidelines on Thursday by refusing to wear a mask around others while infected with the coronavirus.
The CDC website states, “It is important to wear a mask or respirator when you are sick or caring for someone who is sick with COVID-19.” Biden shared a photo and video of himself, seemingly alone, on social media. In order to capture those images, he had to be in close proximity to an individual holding a camera — and chose to go maskless: Biden had criticized former President Trump for not wearing a mask as president, calling him “falsely masculine.”
The Bibbidi Bobbidi Boutiques at Disneyland and Walt Disney World will re-open on August 25 after being closed due to the pandemic. This is good news for young children who want a makeover in the dress-up salon to transform into a princess or a knight. There is a catch, though. Disney has not learned the lesson yet that not all of its customers wish to live in a world of gender neutrality in every aspect of their lives, especially in the lives of their young and impressionable children.
Fairy Godmothers in Training provide little girls and boys between the ages of 3 and 12 with makeovers that allow them
As I’ve pointed out a couple of times recently, China’s zero Covid lockdowns continue to impact hundreds of millions of people throughout the country, even though it’s having a negative impact on the country’s economy. But there’s some indication that the impact could be much worse over the long term than it is in the short term. In May the South China Morning Post reported on the uptick in professionals looking to leave China.
Emigration consultants in China have seen a rise in enquiries in recent months, with a noticeable spike since the end of March when outbreaks of the Omicron variant emerged in Shanghai…
There are no hard statistics
New comic book publisher Rippaverse is bringing non-woke audiences the superhero entertainment they have craved in the cancel culture age, inviting a new fleet of heroes to the entertainment realm without the "woke" makeovers recently witnessed from Marvel and DC Comics.
Rippaverse founder Eric July and comic book artist Gabe Abdul Eltaeb joined "Fox & Friends" Thursday, offering insight into their mission and how their first issue, ISOM #1, brought in more than $2 million in presales.
"What I wanted to do was be a part of the solution instead of griping about the problem, so I had the idea, it made sense financially, and it was the perfect
Members of then-Vice President Mike Pence's security detail were calling their loved ones to "say goodbye" as violence escalated at the Capitol on January 6, 2021, a former White House security official told the January 6 committee in testimony played on Thursday evening.
"The members of the VP detail at this time were starting to fear for their own lives. There was a lot of yelling, a lot of very personal calls over the radio, so it was disturbing. I don't like talking about it," the official, who was unnamed for security purposes, told the committee.
"But there were calls to say goodbye to family members, so on and so forth,"
Washington - The Supreme Court on Thursday declined a request from the Biden administration to prioritize certain immigrants for deportation but said it would hear arguments in the dispute later this year. It's the first big emergency case of the summer and the first for Associate Justice Ketanji Brown Jackson.
What did Biden want?: Biden's Department of Homeland Security wanted to prioritize for deportation immigrants it believes pose a threat to national security or public safety. Other immigrants would have been less of a priority. The administration asked the court to allow it to continue the policy temporarily.
Who sued and why?: Texas and Louisiana
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Donald Trump has plans to purge the so-called 'deep state' beyond what any president has done before if he runs for and wins the presidency in 2024 and as many as 50,000 government workers could find themselves on the chopping block. The former president, if elected again, would move in with a plan being drawn up now to 'drain the swamp' and cut tens of thousands of civil servants from what are typically apolitical roles, according to an Axios report.(Snip)The Trump official who came up with the Schedule F order said it could apply to as many as 50,000 of the some-two million federal workers.
President Joe Biden has tested positive for Covid-19, the White House said Thursday.
The 79-year-old president, who is fully vaccinated and has received two Covid booster shots, is experiencing “very mild symptoms,” press secretary Karine Jean-Pierre said in a statement.
It's going to be a long, hot summer — and I'm not just talking about the weather.
Take a handful of hallucinogens, sedatives and edibles, wash them down with a healthy amount of your favorite liquor during a backyard barbecue with people you love, some you barely know and others you can't stand, and you'll approximate the political climate in the United States today on the eve of the midterm elections.
The summer of 2022 is hot and furious. We are dealing with a world literally on fire due to climate change.
Vulnerable House Democrat says she ‘might
have to school’ rural Trump voters to
win their support 37 replies
have to school’ rural Trump voters to
win their support 37 replies
A Pennsylvania Democrat facing one of the toughest races in the midterm elections said she "might have to school" rural Trump voters in order to win their support.
Rep. Susan Wild, D-Pa., is running for reelection in Pennsylvania's redrawn 7th congressional district, which now includes Republican-friendly Carbon County. During a virtual meet & greet on Monday, Wild said the Republican voters of Carbon County may need to be educated on the error of their ways.
"Carbon County has many attributes, but it is a county that – although it was once an Obama county – it since has become a Trump county," she said.
NYC Mayor Eric Adams mooted housing 3,000 illegal immigrants who've overwhelmed homeless shelters in hotels - and said he wants taxpayer cash from Joe Biden to do so.
During a press conference on Thursday, Adams told a room of reporters that in order to house those who cross the border illegally: 'If we have to get hotel rooms, we get hotel rooms.'
Adams also said 'our team has been in constant contact with the White House' and added that he wants the federal government to release funds in order 'to deal with this unprecedented surge' of migrants.
According to reports, the city is struggling to cope
Rep. Liz Cheney (R-WY) claimed on Thursday her fixation with former President Donald Trump is not political.
In an interview with the New York Times, Cheney alleged her alliance with Democrats on the partisan January 6 commission to attack Trump is not political but rather educational.
“I don’t look at it through a political lens,” she claimed about her work on the committee. “I look at it through the angle of: People need to understand how dangerous he is and how unfit for office he is.”
Cheney, who has received praise from Democrats for joining them in combatting Trump, is running behind in primary polls against Trump-endorsed opponent Harriet Hageman
A dispute between two families in line at Disney World turned ugly on Wednesday when the altercation escalated into an all-out brawl. Somewhere in Fantasyland between Cinderella's Castle and Peter Pan's Flight, the warring families traded punches and profanity, as onlookers screamed in the background, Fox 35 reported. The fracas continued at the Orlando, Florida, theme park for several minutes before park personnel and deputies broke it up. "We came upon it, and it appeared as though it took about two minutes for two security personnel to arrive.(Snip)According to the Daily Mail's reporting, the incident began when a female Disney guest waiting to get into Mickey's PhilharMagic
Elon Musk recently declaring that we need to move on from President Donald Trump is the latest example of chatter I have noticed lately on the news and conservative blogs about why we need to do an about-face to Governor Ron DeSantis as our presidential nominee in 2024.
(Snip) First, I am a big Governor DeSantis fan. He is showing what strong state leadership looks like and how it is possible to constitutionally resist a tyrannical federal government. DeSantis has been a profile in courage, toughness, sensibility, and even love as he stands for the citizens of Florida. He is the living embodiment of a patriotic executive.
The New York Times opinion section actually published a shocking project where eight of their columnists admitted they were wrong about either economics, tech, foreign affairs or politics. At the top of the list was none other than “transitory” inflation gaslighter Paul Krugman.
The Times’s economic columnist published an op-ed with a headline that didn’t beat around the bush – for a change – and acknowledged how bad his unrealistic takes on the inflation crisis were for the past year. “I Was Wrong About Inflation,” says the headline. The disgruntled economist actually conceded that Biden’s irresponsible $1.9 trillion stimulus package was inflationary, despite his earlier objections to the contrary.
Lucky for you, you’re probably not a neighbor of Supreme Court Justice Brett Kavanaugh, but if you were, your evenings would be punctuated by “loud and vulgar,” almost-nightly protests from abortion proponents shouting about the recent SCOTUS overturn of Roe v. Wade.
The Washington Post went to the tony Washington, D.C. suburb of Chevy Chase, Md. to interview Kavanaugh’s neighbors, and although many in the predominantly liberal enclave refused to go on record, most of the ones who did were not pleased with the disruptions.
Members of then-Vice President Mike Pence's security detail were calling their loved ones to "say goodbye" as violence escalated at the Capitol on January 6, 2021, a former White House security official told the January 6 committee in testimony played on Thursday evening.
"The members of the VP detail at this time were starting to fear for their own lives. There was a lot of yelling, a lot of very personal calls over the radio, so it was disturbing. I don't like talking about it," the official, who was unnamed for security purposes, told the committee.
"But there were calls to say goodbye to family members, so on and so forth,"
Did Joe Biden just announce he has cancer?
After hiding out at the White House for 3 days, Joe Biden on Wednesday traveled to Brayton Point in Massachusetts where he will talk about his Marxist climate change agenda.
About 20 chairs were laid out for Joe’s big speech… but he totally got 81 million votes in 2020.Biden struggled to read the teleprompter during his garbled speech and at one point it appeared he announced he has cancer.
“And my mother drove us and rather than us being able to walk, and guess what?