US housing market in ‘deep recession’
as homebuilder confidence tanks: economist
Posted By: Ribicon, 9/19/2022 2:13:58 PM
The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Home builder confidence declined for the ninth straight month in September as surging mortgage rates and steep prices priced many buyers out of the market, according to the National Association of Home Builders. Builder confidence fell to its lowest level since 2014 when excluding the early days of the COVID-19 pandemic, the index showed. The prolonged downturn in confidence shows the housing market has been “in a tailspin for the whole of this year,”
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
person likes this.
person likes this.
person likes this.
people like this.
Below, you will find ...
Most Recent Articles posted by "Ribicon"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
Ribicon"
Exclusive— Peter Navarro: ‘Everything’
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 9 replies
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 9 replies
Peter Navarro, former White House director of trade and manufacturing policy and author of Taking Back Trump’s America: Why We Lost the White House and How We’ll Win It Back, told Breitbart News on Tuesday that Senate Majority Leader Mitch McConnell (R-KY) subverted former President Donald Trump’s “drain the swamp” pursuit by delaying appointments for top officials at federal government agencies and departments.(Snip)He continued, “The worst thing he did, in my judgment, was to slow-walk all of the Trump appointees to the major departments and agencies, so if you don’t have those folks in the top of those agencies, you cannot drain the swamp
Detroit—The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes of highway deaths in the U.S.(Snip)The recommendation also calls for systems to monitor a driver’s behavior, making sure they’re alert. She said many cars now have cameras pointed at the driver, which have the potential to limit impaired driving. But Homendy says she also understands that perfecting the alcohol tests will take time.
The US Air Force will unveil its next-generation stealth bomber, the B-21 Raider, during the first week of December, lifting the tight cloak of secrecy that has surrounded the aircraft's development.
Northrop Grumman and the Air Force confirmed the timeline for unveiling the B-21 on Tuesday, saying that it will offer an 'exclusive view' of the aircraft at the company's facility in Palmdale, California. The bomber, which will be nuclear-capable, will cost about $639 million per plane, and the Pentagon plans to buy at least 100 of them to complement and eventually replace the aging B-2 Spirit. 'The B-21 is the most advanced military
On the northern shores of the Firth of Forth, royal blue waters lap against the weathered walls of Methil Docks. The quays were once a hub for coal exports but, since the late 1970s, haven’t dealt in the black stuff. Now, the town on Scotland’s east coast is flirting with another era in the energy industry–but it doesn’t appear to be going to plan. In what has been dubbed a “world-first project”, called H100, about 300 homes in Methil and neighbouring Buckhaven in Levenmouth were planned to be powered by “green hydrogen” gas from next year. Customers are offered free hydrogen-ready boilers and cookers under the scheme,
Biden mocks Florida Gov. Ron DeSantis
over asylum seeker flight to Delaware:
‘He should come visit’ 17 replies
over asylum seeker flight to Delaware:
‘He should come visit’ 17 replies
President Biden brushed off Florida Gov. Ron DeSantis’s latest effort to score political points by apparently sending a plane filled with asylum seekers to the president’s home state of Delaware. As local officials scrambled to prepare for the incoming immigrants on Tuesday, Biden refused to take the bait from reporters who shouted questions about the GOP stunt after an unrelated White House event. “He should come visit. We have a beautiful shoreline,” Biden said about DeSantis. The plane that that started the day in Texas is the same aircraft that DeSantis used to ferry immigrants to Martha’s Vineyard in Massachusetts over the weekend. DeSantis refused to say whether the plane
Not everyone was impressed by Patagonia founder Yvon Chouinard’s decision to transfer his ownership of the company to a climate change group. After Mr. Chouinard received glowing reviews for his philanthropy, led by a New York Times exclusive headlined “Patagonia Founder Gives Away the Company to Fight Climate Change,” those crunching the numbers pointed out that the move offers considerable tax advantages. “Patagonia founder Yvon Chouinard has described his decision to give away the company as his last-ditch effort to do all he could to protect the planet, however, it’s also helping him skirt around $700 million of tax bills. Funny that!” tweeted Net Zero Watch.
The U.S. Securities and Exchange Commission said Tuesday that Morgan Stanley failed to protect the personal data of approximately 15 million users. Morgan Stanley agreed to pay a $35 million penalty to settle the charges related to the security breakdown, the SEC said.
The government said Morgan Stanley did not properly destroy devices containing people’s information, including by hiring a moving and storage company to decommission thousands of hard drives and servers with the information despite the moving company having no experience in data destruction. The SEC said its investigation found the moving company sold thousands of the servers and hard drives, some of which eventually ended up
A health care advocacy group has sued Pfizer in federal court, alleging the pharmaceutical giant violated the Civil Rights Act by excluding Whites and Asians from a racial equity fellowship. Do No Harm filed the lawsuit Thursday in the U.S. District Court for the Southern District of New York. It claims the New York-based company’s Breakthrough Fellowship Program defies the law’s color-blind definition of racial discrimination under Title VI because it accepts reimbursements from federal healthcare programs. The complaint cites Section 1557 of the Affordable Care Act, which extended the race neutrality requirement of the 1964 law to private entities that accept federal funds
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are “wise and necessary.”(Snip)“As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company,” Lawson wrote. “Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs–while a business necessity today–were carried out through an Anti-Racist/Anti-Oppression lens.”
Florida Gov. Ron DeSantis’ plane he used to send 50 migrants to affluent Martha’s Vineyard is on the move again–heading for President Biden’s Rehoboth home in Delaware. DeSantis last week sparked a spectacular escalation in the ongoing immigration war between the Republican GOP’s in charge of the border states and Democrat officials in so-called ‘sanctuary cities’. It now appears that he is sending the Ultimate Air Shuttle to Georgetown, which will touch down at around 1.30pm. The plane had started its journey from Longview, in Texas, before heading to San Antonio, and then Crestview, in Florida. An hour after landing on the coast of Delaware, the plane
The head of mobility services for German electronics giant Robert Bosch GmbH has warned the electric vehicle industry of the reliance on battery cells and possible shortages in the future. Bloomberg reports that Markus Heyn, the head of mobility services for Bosch, has warned the electric vehicle industry over its overreliance on a single fuel source—battery cells—as Europe’s energy crisis worsens.
Heyn, who’s also a board member of the auto parts giant, told the Monday edition of the Stuttgarter Zeitung: “We’re currently seeing the consequences of the gas shortage for Germany and Europe because we prepared too few alternatives. In the automotive industry, we should use this occasion
Lawmakers want answers on why the federal government allegedly handed over to China expensive, advanced battery technology that cost taxpayers millions of dollars to develop.(Snip)“We are concerned that this is an overt dereliction of duty by DOE, and that this case may be emblematic of a department that routinely and flippantly permits government-funded technology to be transferred to China,” the senators wrote to Energy Department Inspector General Teri Donaldson. The senators said an NPR report about the government transferring vanadium redox battery technology prompted their request for an investigation. Scientists at Pacific Northwest National Laboratory took six years and $15 million in taxpayer funding to develop
Most Active Articles (last 48 hours)
Why Is Biden Playing With His Tongue At
The Ceremony For The Late Queen Elizabeth
II (Photo & Video) 36 replies
The Ceremony For The Late Queen Elizabeth
II (Photo & Video) 36 replies
At the funeral of Queen Elizabeth II, hundreds of world leaders, royals, and dignitaries of every shape crowded Westminster Abbey, the seating chart is imbued with meaning. Still, the position of U.S. President Joe Biden and First Lady Jill Biden was a huge surprise as they were stationed 14 rows back.
They were behind the president of Poland and ahead of the Czech Republic prime minister. The president of Switzerland sat one seat over, next to the U.S. First Lady.
The reason why is ridiculous, he was late for the funeral!
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are “wise and necessary.”(Snip)“As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company,” Lawson wrote. “Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs–while a business necessity today–were carried out through an Anti-Racist/Anti-Oppression lens.”
My husband, who was a Marine during the Vietnam War, was always talking about the IQ levels of fellow soldiers, and he would express surprise at the low level of intelligence of some draftees.
We would then get into arguments on the validity of IQ testing, which I questioned did not take into consideration an individual’s environment. But considering the past decade as the utter complete dumbing down of our populace, maybe I should reconsider my dismissal of testing. What exactly does a person’s IQ mean?
U.S. doctors should regularly screen all adults under 65 for anxiety, an influential health guidelines group proposed Tuesday.
It's the first time the U.S. Preventive Services Task Force has recommended anxiety screening in primary care for adults without symptoms. The proposal is open for public comment until Oct. 17, but the group usually affirms its draft guidance. The recommendations are based on a review that began before the Covid-19 pandemic, evaluating studies showing potential benefits and risks from screening. Given reports of a surge in mental health problems linked with pandemic isolation and stress, the guidance is "very timely," said Lori Pbert, a task force member and co-author.
WASHINGTON— House Democrats are voting this week on changes to a 19th century law for certifying presidential elections, their strongest legislative response yet to the Jan. 6 Capitol insurrection and former President Donald Trump’s efforts to overturn his 2020 election defeat.
The vote to overhaul the Electoral Count Act, expected Wednesday, comes as a bipartisan group of senators is moving forward with a similar bill. Lawmakers in both parties have said they want to change the arcane law before it is challenged again.
Trump and his allies tried to exploit the law’s vague language in the weeks after the election as they strategized how they could keep Joe Biden out of office,
British royals expert Hilary Fordwich stunned CNN anchor Don Lemon into silence with her argument that African slave owners owe "reparations" rather than the British Empire, in a viral clip from CNN’s coverage of the death of the queen. Conservatives on Twitter found the clip hilarious, as it depicted Lemon getting swift pushback for trying to promote the narrative that the British crown owes reparations for slavery.
Observers noted Lemon meekly switching topics without protest after Fordwich’s unexpected response
California Gov. Gavin Newsom is “undeniably, unequivocally” preparing to seek the Democratic presidential nomination in 2024 if President Biden decides not to run for a second term and is poised to take on Vice President Kamala Harris, according to a report on Monday.
Newsom, who recently challenged Florida’s Republican Gov. Ron DeSantis to a debate over his sending 50 migrants to Martha’s Vineyard, plans to make an announcement after the midterm elections once the president relays his intentions, The Wrap reported.
President Joe Biden said Sunday on CBS’s “60 Minutes” that he was not concerned about his son Hunter Biden’s behavior in any way.
Anchor Scott Pelley said, “His son, Hunter, has been a lightning rod for suspicion. Hunter Biden’s former addiction to crack cocaine led to a life he describes as nonstop depravity. He has also acknowledged a federal investigation into his taxes. Congress investigated Hunter Biden’s job with a Ukrainian company at the time that his father ran Ukrainian policy in the Obama administration. A Republican investigation, however, uncovered no wrongdoing by then-Vice President Biden.”
It’s been pretty obvious for months now that California Gov. Gavin Newsom has his eye on the White House, and though a new report doesn’t quote straight from the horse’s mouth regarding his intentions, it does shed more light on his mindset regarding 2024. According two well-connected California Democratic insiders, Newsom absolutely plans to throw his hat into the ring in the event President Joe Biden decides not to run again:
California Governor Gavin Newsom is “undeniably, unequivocally” planning to run for president in 2024 if President Biden chooses not to seek a second term, two individuals with knowledge
New Republic: The Left Has an Invisible
Abortion Army That Will Ruin Republicans
in the Midterms 21 replies
Abortion Army That Will Ruin Republicans
in the Midterms 21 replies
From The New Republic’s headline, you’d think chills would be sent down the spines of Republicans as their worries have heightened since August regarding their 2022 midterm chances. There’s a secret abortion army that’s coming to wreck the GOP. The Democrats are heavily betting that Americans will care more about abortion than the high inflation that’s torching home budgets and the economic recession that’s engulfed the nation, which the Biden administration points to as an indication that they’re leading the greatest economic revival in history.
Florida Gov. Ron DeSantis’ plane he used to send 50 migrants to affluent Martha’s Vineyard is on the move again–heading for President Biden’s Rehoboth home in Delaware. DeSantis last week sparked a spectacular escalation in the ongoing immigration war between the Republican GOP’s in charge of the border states and Democrat officials in so-called ‘sanctuary cities’. It now appears that he is sending the Ultimate Air Shuttle to Georgetown, which will touch down at around 1.30pm. The plane had started its journey from Longview, in Texas, before heading to San Antonio, and then Crestview, in Florida. An hour after landing on the coast of Delaware, the plane
President Biden may be the world’s most powerful man, but it didn’t ensure him a front-row seat at Queen Elizabeth II’s funeral in London on Monday.
The president and first lady Jill Biden were seated 14 rows back during the service at Westminster Abbey that drew 2,000 guests — including some 500 of the world’s presidents, kings, princes and prime ministers.
Perhaps taken into consideration was that the couple was among the few dignitaries who were granted permission to travel in their own presidential limousine, nicknamed “The Beast,” for security reasons.
Comments:
This has got to be the Russians at it again. And regardless, single-family homes are for the ultra wealthy, per Reset rules. The rest of us will be eased into soul-crushing Soviet bloc-style high density brutalist concrete hives where we can be more easily controlled. And we can live side by side with all of the New Americans being imported by Brandon.