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Sellers are reducing prices in cities with surplus housing inventory, according to Redfin data. As sellers lower prices and builders offer concessions, homebuyers are gaining more power. It means two things for prospective homebuyers: One, more sellers are likely to slash listing prices to attract buyers. To calculate which metros have the highest share of sellers reducing list prices, Redfin analyzed home price data from 85 US metros with populations of at least 750,000. Below are the 10 metros with the largest share of price drops in March, according to Redfin.
Persons: Sellers, Price, , Eric Auciello, Auciello, Redfin Organizations: Service Locations: Florida, Texas
Despite a US housing shortage, Florida and Texas have too much supply, Redfin said. AdvertisementA lack of US housing has fenced off most would-be buyers, but two states are dealing with the opposite problem — an overflow of homes. According to Redfin, Florida and Texas have properties stagnating on the market, as demand is shifting away from these areas. The number of homes also jumped 25% in McAllen, Texas, Redfin reported on Thursday. Of the country's top 10 metros where sellers were most likely to slash listed prices, seven are located in these two states.
Persons: Redfin, , Eric Auciello, Auciello, isn't Organizations: Service, North Port, First Locations: Florida, Texas, Redfin , Florida, Coral, North Port , Florida, McAllen , Texas, North, North Carolina, Tennessee
But, as they try to claim that mantle, many of those same forces in media and politics are behind a disturbing wave of book bans sweeping the nation. PEN America, a non-profit organization committed to protecting free expression, published an alarming report Tuesday indicating that the “book ban crisis” is only getting worse. “There were over 4,000 instances of book bans in the first half of this school year—more than all of last school year as a whole. In doing so, they have also disproportionately targeted books by women and nonbinary authors,” PEN America said. Ted Shaffrey/APSuch brazen book bans — unprecedented in modern American history — is at its worst in the red states of Florida and Texas.
Persons: New York CNN —, Nikole Hannah, Margaret Atwood’s, ” Amy Reed’s, Rupi, , , ’ ‘, Ted Shaffrey, Ron DeSantis, Abdi Nazemian, I’ve, ” Nazemian, “ I’ve, ” Kasey Meehan, Read, we’re Organizations: New York CNN, PEN America, The New York Times, ” PEN America, Central Library, Brooklyn Public Library, PEN Locations: New York, USA, birthed, , New York City, Florida, Texas, In Florida, In Texas, Iranian, Iowa
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNew York is the millionaire capital of the world, but some of those who want to stay rich are fleeing to low-tax states like Florida and Texas. The state tax department has a solution: AI letters. It is sending hundreds of thousands of AI-generated letters, mostly to wealthy remote workers or those who require a change in tax residency, according to CNBC. There were 771,000 audits in New York in 2022, according to a recent report by the state Department of Taxation and Finance cited by CNBC.
Persons: , That's, Alexander Spatari, Mark Klein, Hodgson Russ LLP, it's, It's, Klein, Shakira Organizations: Service, CNBC, Business, of Taxation, New, Henley, Partners, , York's Department of Taxation, Finance Locations: Florida, Texas, New York, New York City, York, Bahamas, Spain
Hiring is increasing in smaller cities and large hubs in Florida and Texas, according to a Gusto analysis. Cities like Orlando, San Antonio, and Houston saw significant increases in hiring share. Whereas major coastal cities accounted for 35% of hiring before March 2020, this percentage is now about 29%. Meanwhile, Florida and Texas cities are on somewhat of a hiring spree. AdvertisementDid you move away from the coasts to Florida, Texas, or a smaller city?
Persons: , Orlando, that's, Courtney Quinlan Organizations: Houston, Service, Rockies, San, Boise Locations: Florida, Texas, Northeast, California, Orlando, San Antonio, New York City, Los Angeles, Seattle, San Francisco, Jose, Washington, Miami, Austin, St, Louis, Midwest, Florida , Texas
And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.
Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas
John-Robert Rodríguez moved to Culdesac, a car-free community in Arizona, in October 2023. AdvertisementThis as-told-to essay is based on a conversation with John-Robert Rodríguez, 24, a teacher in Tempe, Arizona, who lives in the car-free community Culdesac. Of course, it's different because now I'm car-free, but I imagine growing up in Tempe or in the Phoenix area, having the light rail and having buses is an option for you. I'm going to be completely car-free. AdvertisementEven the phrase "car-free" implies that cars are the default, and it's a dependency that we have.
Persons: John, Robert Rodríguez, He's, , Rodríguez, he's, It's, Culdesac, I've, We're, I'm Organizations: Service, Culdesac, Texas, Arizona State University, . Locations: Culdesac, Arizona, Tempe , Arizona, Pflugerville , Texas, Florida, Texas, South Florida, Tempe, Phoenix, Venice, Florence, South Tempe
It is entirely possibly that millions of Americans encountered false claims about the bridge collapse when they woke up Tuesday morning before ever seeing the facts. Politics is everythingWhat is perhaps most notable about how quickly and widely conspiracy theories about a breaking news story spread is just how normal this all is right now. Jewish space lasersAs news unfolded on Tuesday, the conspiracy theories continued. Greene has not weighed in on the cause of the bridge collapse. Jewish space lasers were not responsible for the wildfires, nor the Baltimore bridge collapse.
Persons: Francis Scott Key, Israel, , Ben Decker, Andrew Tate, Tate, Tate’s, Elon Musk, meekly, Sandy Hook, Alex Jones, , ” Jones, Jones, Baltimore’s, Baltimore Mayor Brandon Scott, it’s, Biden, Taylor Swift, Joe Biden, Trump, X, David Simon, Simon, , Marjorie Taylor Greene, Greene Organizations: CNN, Facebook, Maryland State Police, Coast Guard, Baltimore Mayor, Equity, FBI, Republicans, Netflix, HBO, Georgia Republican Locations: Baltimore, Covid, USA, Romania, United Kingdom, Florida, Texas, California, Georgia
New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.
Persons: , Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California
PinnedThe Supreme Court will hear arguments at 10 a.m. on Monday on whether the Biden administration violated the First Amendment in combating what it said was misinformation on social media platforms. “This is an immensely important case that will determine the power of the government to pressure the social media platforms into suppressing speech,” he said. “Our hope is that the Supreme Court will clarify the constitutional line between coercion and persuasion. On Friday, the court set rules for when government officials can block users from their private social media accounts. had most likely crossed constitutional lines in their bid to persuade platforms to take down posts about what they had flagged as misinformation.
Persons: Biden, Alex Abdo, , Murthy, , Elizabeth B, Prelogar Organizations: Columbia University, U.S ., Appeals, Fifth Circuit, White, Centers for Disease Control Locations: Florida, Texas, . Missouri, Missouri, Louisiana
Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.Last year, Americans bought more than one million fully electric cars, trucks and SUVs, a record and a milestone for the country’s transition away from gas-powered vehicles. To fight climate change, the Biden administration and many state governments want to accelerate the transition to electric vehicles. experience from pretty easy and kind of hard,” said Ken Kurani, a researcher focused on electric vehicles at the University of California, Davis. Only two electric vehicles in the analysis, both made by Tesla, cost the same or less than similar gas models. But for now, “there are some very real ways in which, in comparison to conventional vehicles, electric vehicles either really are still struggling to be as good or better, or are struggling against the imagination that they’re not as good or better,” he said.
Persons: Tom Libby, Mr, Libby, , , Biden, Ken Kurani, Kurani, Brittany Greeson, Philip Cheung, We’re, Tesla, “ We’re, Jessica Caldwell, Kelley, Davis Organizations: P Global Mobility, P, Pew Research Center, University of California, The New York Times, BMW, Ford, Hyundai, General Motors Locations: Florida, Texas, West Coast, California, San Francisco Bay, Los Angeles, Detroit, Bismarck, N.D, United States, Davis, Chicago, Norway, Edmunds, U.C
Jobs in the state’s auto plants, parts factories and corporate offices shrank by 35% since 1990, according to figures from the Bureau of Labor Statistics. And those jobs make up only 3.7% of the jobs in the state, roughly half what it was in 1990. Some of the auto jobs disappeared because of automation. “But it is still the cornerstone of the Southeast Michigan economy. The categories understate the importance.”But other segments of the Michigan economy now rival autos.
Persons: , Stellantis, Jeff Kowalsky, Patrick Anderson, “ I’m, ” Anderson, Brian Peters, Peters, ” Peters, Anderson, Bill Pugliano, Gretchen Whitmer, Whitmer, there’s, , Monique Stanton, Stanton, ” Stanton, Matthew Hatcher, Donald Trump, Joe Biden Organizations: New, New York CNN, Republican, Democratic, Bureau of Labor Statistics, Motors, Ford, Fiat Chrysler —, GM, Fiat Chrysler, Getty, Anderson Economic Group, Michigan Center for Data, Michigan Health & Hospital Association, Health, Big, Chrysler, United Auto Workers, General Motors, North, Gov, Census, ICE, Michigan, Michigan League, Public, Missouri Economic Research, Information, Fox News, Democrats, Shoppers, Bloomberg, Washington Post, Monmouth University Locations: New York, Michigan, Mexico, Southern, Edmunds, Dearborn , Michigan, AFP, Southeast Michigan, Lansing , Michigan, North America, Marshall , Michigan, Florida, Texas, Illinois, California, Living, Somerset, Troy , Michigan
A stop sign as seen on traffic light near a statue at the Supreme Court in Washington, DC, February 26, 2024 as Justices are set to make a decision on landmark cases over social media content moderation. WASHINGTON — The Supreme Court on Monday questioned laws in Florida and Texas that seek to impose restrictions on the ability of social media companies to moderate content based on the assumption that they disfavor conservative speech. Various other tech companies that routinely moderate user content oppose the laws, including Reddit, Discord and Yelp. After the first of two oral arguments concerning the Florida law, it appeared a majority of the justices had concerns that the measure violates the free speech rights of big social media companies by prohibiting them from limiting the speech of some problematic users. The arguments over Texas' law were ongoing Monday afternoon.
Persons: WASHINGTON —, Elena Kagan, Neil Gorsuch, Donald Trump Organizations: Facebook, YouTube, Computer and Communications Industry Association, Republican, Twitter, U.S, Capitol Locations: Washington , DC, WASHINGTON, Florida, Texas
Supporters of the state laws say they foster free speech, giving the public access to all points of view. One contrarian brief, from liberal professors, urged the justices to uphold the key provision of the Texas law despite the harm they said it would cause. “Social media platforms exercise editorial judgment that is inherently expressive,” Judge Kevin C. Newsom wrote for the panel. To the surprise of many, some prominent liberal professors filed a brief urging the justices to uphold a key provision of the Texas law. In the second case, Miami Herald v. Tornillo, the Supreme Court in 1974 struck down a Florida law that would have allowed politicians a “right to reply” to newspaper articles critical of them.
Persons: Samuel A, Alito Jr, , Scott Wilkens, Ron DeSantis, John Tully, Donald J, Trump, Greg Abbott of, , Ken Paxton, , Andrew S, Oldham, Kevin C, Newsom, Lawrence Lessig, Tim Wu of, Teachout, Mandel Ngan, Richard L, “ Florida’s, Moody, Paxton, Robins, William H, Rehnquist, Pat L, Tornillo, Warren E, Burger Organizations: Facebook, YouTube, Columbia University, Big Tech, The New York Times, Gov, Republican, Computer & Communications Industry, New York Times, Fox News, U.S ., Appeals, Fifth Circuit, ISIS, Harvard, Tim Wu of Columbia, Zephyr, Fordham, Twitter, Manchester Union, Citizens United, Agence France, University of California, Miami Herald, Florida, Representatives, Constitution Locations: Florida, Texas, Greg Abbott of Texas, Ukraine, Los Angeles, Campbell , Calif
The Supreme Court heard arguments for nearly four hours on Monday on a pair of First Amendment cases challenging laws in Florida and Texas that seek to limit the ability of internet companies to moderate content on their platforms. Here are some takeaways:The cases could shape the future of internet discourse. The coalition won preliminary injunctions blocking both states from enforcing the laws while broader First Amendment issues are litigated. The court might send the cases back down. Both liberal and conservative justices signaled that they would prefer to have a more developed record about how the law would operate, raising the possibility that the Supreme Court could return the case to lower courts for more fact finding.
Persons: Donald J, Trump Organizations: Facebook, YouTube, Capitol Locations: Florida, Texas, Silicon
During several hours of arguments today, the Supreme Court appeared skeptical of laws in Florida and Texas that ban major social media companies from making editorial judgments about which messages to allow. The justices seemed to align more closely with the social media companies, which accused the laws of violating the First Amendment. The court’s decision, which is expected in June, will almost certainly be its most important statement on the scope of free speech in the internet era. A ruling in favor of the states would expose users to a greater variety of viewpoints but would almost certainly amplify the ugliest aspects of the digital age, including hate speech and disinformation. A ruling in favor of the social media platforms seemed more likely, though the justices seemed poised to return the cases to the lower courts to answer questions about how other websites — like Gmail, Venmo and Uber — should be allowed to moderate users’ speech.
Persons: Uber, Donald Trump Organizations: Capitol Locations: Florida, Texas
The most important First Amendment cases of the internet era, to be heard by the Supreme Court on Monday, may turn on a single question: Do platforms like Facebook, YouTube, TikTok and X most closely resemble newspapers or shopping centers or phone companies? The two cases arrive at the court garbed in politics, as they concern laws in Florida and Texas aimed at protecting conservative speech by forbidding leading social media sites from removing posts based on the views they express. Picking the apt analogy from the court’s precedents could decide the matter, but none of the available ones is a perfect fit. If the platforms are like newspapers, they may publish what they want without government interference. If they are like private shopping centers open to the public, they may be required to let visitors say what they like.
Organizations: Facebook, YouTube Locations: Florida, Texas
Monday’s Supreme Court showdown in NetChoice v. Paxton and Moody v. NetChoice will determine whether states can forbid social media companies from blocking or removing user content that goes against platform rules. The Florida and Texas laws are broadly written, but officials from both states say the laws will keep social media sites from unfairly silencing conservatives. Social media platforms have insisted for years that they don’t discriminate against right-wing speech. It also allows individual social media users to sue platforms if they believe they have been unfairly censored or “deplatformed.”Florida Gov. The NetChoice cases reflect a deep divide in how many people see social media.
Persons: Paxton, Moody, Ron DeSantis, Florida’s, Carl Juste, Greg Abbott, Donald Trump, Biden, David Paul Morris, , , ” David Greene Organizations: Washington CNN, Facebook, YouTube, Social, Gov, Florida Gov, Miami Herald, Texas ’, Circuit, Republican, Texas, Bloomberg, Getty, Frontier Foundation, EFF, CNN, Freedom, Press Locations: Texas, Florida, . Texas, NetChoice, Miami, Walnut Creek , California
After Nikki Haley’s disappointing finishes in Iowa and New Hampshire earlier this year, she promised she would storm back in the next big Republican primary to deliver “a great day in South Carolina,” the state where she was born and raised and where she occupied the governor’s mansion for six years. South Carolina has, since 2017, had a net gain of 372,000 new residents who are old enough to vote. That means that nearly 10 percent of the current electorate did not experience Ms. Haley’s state leadership. South Carolina beat out Florida and Texas last year to be the fastest-growing state in the country. And the largest contingent of new South Carolinians hails from New York and New Jersey, many of them bringing with them an affection for the Republican front-runner, former President Donald J. Trump.
Persons: Nikki Haley’s, Donald J, Trump’s, Carolinians, Trump Organizations: Republican, South Carolina, United Nations, South Locations: Iowa, New Hampshire, South Carolina, Florida, Texas, New York, New Jersey
AdvertisementEarlier this month, Bezos announced plans to unload 50 million Amazon shares , worth about $8.5 billion, over the next year. Last week, he sold 12 million shares worth more than $2 billion, per SEC filings. But he stopped in 2022 — the same year Washington state imposed a 7% capital gains tax on gains of over $250,000 for those domiciled there. Florida, in contrast, has a capital gains tax rate of zero. In fact, it is one of the eight states that does not have a capital gains tax.
Persons: Jeff Bezos, he's, , Rich, Lauren Sanchez, Blue, Sanchez, Miami, Bezos, It's, Ken Griffin, Carl Icahn, Daniel Och, Josh Harris, Griffin —, it’s, it's, Bill Gates, Steve Ballmer, MacKenzie Scott Organizations: Miami, Service, SEC, CNBC, Sunshine State, Evergreen State Locations: Washington, Florida, Miami, Canaveral, Texas
Some bills would bar financial institutions from discriminating against those who refuse to participate in DEI programs. Meanwhile, Democrats have filed about two dozen bills in 11 states that would require or promote DEI initiatives. The Supreme Court’s June decision ending affirmative action at universities has created a new legal landscape around diversity programs in the workplace and civil society. Rob Standridge, who has authored four bills aiming to hollow out DEI programs in the state, said it has become a salient campaign theme. In a 2023 report, White said Mississippi’s public universities are spending millions on DEI programs instead of student scholarships.
Persons: JACKSON, Republican Oklahoma Sen, Rob Standridge, Standridge, , Trump, ” Mike Gonzalez, Josiah Magnuson, ” Magnuson, Kevin Stitt, it’s, Sen, Marko Liias, Liias, Ron DeSantis, , Shad, White, Becky Currie, Currie, Spencer Cox, Cox, Robin Vos, Jonathan Butcher, ” Butcher, Fentrice, ” Driskell, Trisha Ahmed, David Lieb, Hannah Schoenbaum, Todd Richmond, ___ Michael Goldberg Organizations: Republican, Associated, Democratic, Republican Oklahoma, Heritage Foundation, Rep, Republican Gov, Oklahoma State Regents, Higher Education, , Washington, Utah Gov, The Heritage Foundation, Democratic House, Associated Press, America Statehouse News Initiative, America Locations: Miss, Washington, South Carolina, Oklahoma, Florida, Texas, Mississippi, Wisconsin, Minneapolis, Jefferson City , Missouri, Salt Lake City, Madison , Wisconsin
But while overall migration is down, state-to-state moves are slowly on the rise again. Nearly 20% of all Americans moved each year from the mid-1940s through the 1960s, according to census data . The Great Recession in 2008 hobbled the economy and slowed migration, sending the overall rate to 11 or 12%, according to census data. Getty ImagesLong-distance moves are on the upWhile the overall migration rate is low, big moves are slowly on the rise. Younger people are more likely to make big moves, according to census data.
Persons: , James Gregory, Gregory, Gregory said, Jim Crow, Gregory . Migration, deindustrialization, Brookings, Matthew, he’s, Rose Kemp, millennials, Florida ., X, Zers, Marie Bailey, Dallas, ” Bailey Organizations: Service, University of Washington, Gregory ., Brookings Institution, Golden State, realtors, Community Survey, Realtors, Business, Matthew Bank, ” Bank, Orlando Regional Realtor Association, Survey, University of Minnesota's Locations: Texas, New York, California, Florida, Detroit, California , Oregon, Washington, Midwest, nonresponse, Golden State for Texas, Georgia, X . Texas, migrators, millennials, homeownership
Utah's governor signed a bill into law Tuesday that makes the state the latest to prohibit diversity training, hiring and inclusion programs at universities and in state government. The measure signed by Spencer Cox, a Republican who previously said he supported the idea, had cleared the state House and Senate by wide, party-line majorities. The measures have a heavy focus on higher education, but Republicans are also sponsoring ones that would limit DEI in K-12 schools, state government, state contracting and pension investments. They include measures to reverse Florida’s recent ban on DEI in higher education and measures to require considerations in the K-12 school curriculum. Republican-led Florida and Texas were first to enact broad-based laws banning DEI efforts in higher education last year.
Persons: Utah's, Spencer Cox, Cox, vetoing, We’ve, ” Cox, Keith Grover Organizations: Republican, Associated Locations: Washington, New Jersey, Florida, Texas, Iowa, Oklahoma
Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.
Persons: , Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, , Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California
OneTen has helped its members rewrite job descriptions for hundreds of roles to remove unnecessary degree requirements and clearly state the skills sought and needed. The organization has helped to design apprenticeship programs for enterprises like Delta and the Cleveland Clinic, tailored for different fields. Lawsuits have been filed threatening businesses like a fund in Atlanta focused on backing Black female entrepreneurs. And the resignation of Claudine Gay, a Black woman, as president of Harvard has been celebrated by opponents of D.E.I. initiatives in academia and business who claimed she was a diversity hire.
Persons: , OneTen, , Kenneth Frazier, Claudine Gay Organizations: Cleveland Clinic, Merck, , Harvard Locations: Delta, Florida, Texas, Atlanta
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