DIRS.INFO The most relevant business & tech news

☆ My son died 15 years ago while playing in a pool. It changed me.
▼ + stars: | 2024-05-08 | by ( Karen Cohn | ) www.businessinsider.com time to read: +5 min

The author's son's arm got stuck in a pool drain. It is not just a summertime issue; water safety is essential 365 days a year. First, pool drains should comply with drain safety laws, which we helped enact after Zachary's death. Finally, a secured pool cover that can withstand the weight of a child is another safety option. In addition to physical barriers around pools, it's vital to equip families with the skills necessary for a lifetime of water safety.

Persons: Zachary, Brian, Tragically, ZAC Camps Organizations: Service, Business, ZAC Foundation Locations: Sydney

☆ Less booze, more healthcare: How the spending habits of today's millennials compare to boomers 30 years ago
▼ + stars: | 2024-05-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.

Persons: —, Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials

☆ A millennial couple moved from Arizona to China to teach at an international school. The cost of living is much cheaper, though the language barrier is challenging.
▼ + stars: | 2024-05-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

His wife, a teacher, had been to China before and realized she could get a visa to teach at an international school there and bring Scott along. The school that hired her also hired Scott, and the two put their lives in the US on hold and relocated to China. His wife got a job as a teacher at an international school, and the two moved to China on her visa. Related storiesBefore moving to China, the couple paid $1,900 a month in rent in Arizona. He said their internet bill was $130 a month, their cellphone bill was $70, and their electricity bill was $100.

Persons: Scott Vleeschouwer, weren't, Scott, Vleeschouwer, it's, they've, China Vleeschouwer, DiDi —, He's, they're Organizations: Service, China's, Business Locations: China, Shenzhen, Maryland, Roanoke , Virginia, San Antonio, Phoenix, Mexico, Beijing, Shanghai, India, Hong Kong, Philippines, Indonesia, Kenya, Southeast Asia, Arizona, They've

☆ Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers
▼ + stars: | 2024-05-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.

Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver

☆ I've saved thousands and traveled to dozens of countries using a home-swapping website
▼ + stars: | 2024-05-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

The website helps facilitate accommodation exchanges between 150,000 users in 145 countries. Then HomeExchange sent me an offer, and I said to my husband, "Shall we give it a go?" The way it works is you subscribe to the website, make a profile, and list your home. We've stayed in places in Australia that are totally off the grid in conservation areas that don't have electricity. I think we've saved well over £100,000 using HomeExchange.

Persons: Julie Williams, HomeExchange, We've, That's, we've, John, I've, Martin, Mia, Monkey Mia, I'm Organizations: Service, NASA Locations: Devon, England, HomeExchange, Italy, Australia, New Zealand, Caribbean, St, Rarotonga, Cook Islands, Tasmania, Singapore, Nevis, Cook, Bali, Hong Kong, Ireland, France, Germany, Switzerland, Denmark, Belgium, Holland, Western Australia

☆ The US needs immigrants to fill jobs, but can't house them. Nowhere makes this more clear than New York City.
▼ + stars: | 2024-05-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

An influx of over 175,000 migrants in New York City has further exposed the city's housing crisis. AdvertisementNo country in the world attracts more immigrants than the US — and no place symbolizes this better than New York City. Pushing migrants out of sheltersNew York City has managed to absorb much larger influxes of immigrants in the past. The New York City comptroller's office says the Adams administration is intentionally making life more difficult for asylum-seekers as a way to force them out of the city. "It is just a system that is meant to really discourage people from getting help from the city and from exercising their rights that they have as residents of New York City."

Persons: Eric Adams, —, It's, it's, aren't, He's, who've, Elon Musk, Selcuk Acar, Susan Pozo, Pozo, Goldman Sachs, Adams, Celeste Hornbach, they've, they're, Sam Stanton, Hornbach Organizations: Service, New, New York City, Getty, Immigrants, Western Michigan University, Goldman Locations: New York City, Southern, New York, York, stoke, New

☆ Israeli and Hamas Negotiators Are in Cairo Under Pressure for Cease-Fire
▼ + stars: | 2024-05-08 | by ( Isabel Kershner | ) www.nytimes.com time to read: +5 min

The Israeli ground-and-air operation in the eastern part of Rafah on Tuesday further hampered the area’s struggling medical system. Fearing a raid by Israeli forces, like those that have been carried out at hospitals across Gaza, the medical staff at al-Najjar rushed to relocate more than 200 patients. But even during the scramble to evacuate the hospital, Israeli airstrikes on Rafah continued. The Israeli military’s actions also immediately limited access to more basic health services across Rafah. That delegation was also supposed to deliver the salaries of the aid group’s medical workers in Rafah — cash they desperately needed to secure housing and transportation during the chaotic evacuation.

Persons: Abu Yousef al, ” Dr, Marwan al, Najjar, Khan Younis, Hams, ”, Israel, —, Chessa Latifi, Hatem Khaled, Kamal Adwan, “ We’ve, ” Ms, Latifi, Dr, John Kahler, MedGlobal, Kahler Organizations: Najjar, Hams, European Hospital, International Medical Corps, HOPE, ., Project HOPE, Kamal Adwan Hospital, Health, Awda Locations: Rafah, Gaza, Israeli, Israel, Khan, al, U.S, Gaza City, Cairo

☆ Israel and Hamas are pushing forward with tense cease-fire talks despite Israel's military incursion into Rafah
▼ + stars: | 2024-05-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Israel and Hamas are engaged in tense cease-fire talks despite fighting in Rafah. Israel wants to keep its right to conduct more operations in Gaza, an analyst told Al-Jazeera. AdvertisementCease-fire talks to end the fighting in Gaza are still taking place in the background, despite Israel's military incursion into Rafah. The IDF's ongoing military operation comes as Israel and Hamas are engaged in tense talks to broker a cease-fire deal. This could lead to Netanyahu, Israel's longest-serving prime minister, losing power and an investigation into how Hamas' October 7 terrorist attacks were allowed to happen on his watch, he said.

Persons: Netanyahu, —, Nadav Shoshani, Shoshani, Al Jazeera, Benjamin Netanyahu, didn't, Ismail Haniyeh, Israel, Mairav, Yossi Mekelberg, Israel's, Mekelberg Organizations: Al, Service, The New York Times, Israel Defense Forces, Business, Sky, Crisis Group, Chatham House's, North Africa, International Court of Locations: Israel, Rafah, Gaza, Cairo, Egypt, Qatar, East

☆ How 360,000 Haitians Wound Up Living in Empty Lots and Crowded Schools
▼ + stars: | 2024-05-08 | by ( Frances Robles | ) www.nytimes.com time to read: 1 min

Many places have no running water, flushing toilets or garbage pickup. The lucky ones are sleeping on a friend’s sofa. “There are kids at my camp who have no parents,” said Agenithe Jean, 39, who left her home in the Carrefour Feuilles neighborhood of Haiti’s capital, Port-au-Prince, in August for an improvised camp in an empty lot about six miles away. “We need latrines. We need somewhere to go.”

Persons: ”, Agenithe Jean Organizations: United Nations Locations: Haiti, United, Carrefour Feuilles, Haiti’s, Port

☆ Live updates: Israel-Hamas war, Rafah airstrikes, Gaza ceasefire deal
▼ + stars: | 2024-05-07 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Palestinians flee from Rafah, Gaza Strip, on May 6. Ramadan Abed/ReutersPalestinian civilians told to evacuate eastern Rafah by the Israeli military have described their fear and despair at being uprooted from their homes and shelters, as Israel airstrikes hit Gaza’s southernmost city. “We left because they distributed leaflets,” Mohammed Ghanem, a resident in eastern Rafah told a CNN stringer in the area on Monday. Another woman from eastern Rafah said, “The Israelis sent us messages ordering us to leave. In a statement, the office of Israel’s prime minister said the country’s war cabinet had “unanimously decided” to continue with the Rafah operation “to exert military pressure on Hamas.”Read the full story.

Persons: Ramadan Abed, ” Mohammed Ghanem, “, ” Ghanem, ”, Khan Younis Organizations: CNN Locations: Rafah, Gaza, Israel, “, Mawasi

☆ I spent 18 months and $34,000 traveling the world but was burnt out and unhappy—this was my No. 1 mistake
▼ + stars: | 2024-05-07 | by ( Helen Zhao | ) www.cnbc.com time to read: +4 min

Looking to heal my burnout and find happiness beyond work, I spent a year and a half — and $34,000 — exploring South America and Asia. That's when I realized I'd made a huge mistake: I had changed my circumstances, but not my state of mind. But my burnout gave me the clarity I needed to slash my sabbatical bucket list in half, to focus on quality over quantity. I accepted that I'd continue traveling later if I wanted to, even if it meant less time to pursue professional goals. I gave up trying to work and make money while travelingIn my first few months traveling, I frequently stayed up late to formulate and pitch freelance story ideas.

Persons: I'd, Helen Zhao I, Chiang Mai Organizations: Starbucks Locations: South America, Asia, Patagonia, Thailand, Island, Korea, Japan, Tokyo, Pai , Thailand, Cartagena, Colombia

☆ Ahead of retail earnings, here's what we know about the consumer so far
▼ + stars: | 2024-05-07 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

There are signs that the U.S. consumer is still spending, especially on experiences. But stubbornly high prices are squeezing consumers with lower incomes, pressuring everyday purchases and corporate profits. Broadly speaking, credit card companies like American Express, Visa and MasterCard have described spending trends as "relatively strong," "relatively stable," and even "healthy." Priceline parent Booking Holdings told analysts there are no signs consumers are taking shorter vacations or trading down in their hotel choices. McDonald's added that "the consumer is certainly being very discriminating in how they spend their dollar."

Persons: Brandon Bell, Morgan Stanley's Michael Wilson, Morgan Stanley, Mike Stocker, Stanley Black, Decker, —, Anton Pinsky, Beata Zawrzel, Laxman Narasimhan, Shack, Domino's, Pavlo Gonchar Organizations: Getty, Home Depot, Walmart, American Express, Visa, MasterCard, PayPal, Booking Holdings, Las, Port, Tribune, Service, Consumers, Whirlpool, Corp, Starbucks Corp, Nurphoto, Lightrocket Locations: Austin , Texas, U.S, Las Vegas, Port of Miami, Krakow, Poland, Russia, Ukraine

☆ Super-aged Japan now has 9 million vacant homes. And that’s a problem
▼ + stars: | 2024-05-07 | by ( Chris Lau | Mayumi Maruyama | ) edition.cnn.com time to read: +6 min

“This is a symptom of Japan’s population decline,” said Jeffrey Hall, a lecturer at Kanda University of International Studies in Chiba. “It’s not really a problem of building too many houses” but “a problem of not having enough people,” he said. According to figures compiled by the Ministry of Internal Affairs and Communications, 14% of all residential properties in Japan are vacant. “When an earthquake or a tsunami occurs, there is a possibility that vacant houses will block evacuation routes as they break down and get destroyed,” he said. In other rural areas with a high concentration of vacant houses, akiya have stalled development, the professor said.

Persons: ”, Jeffrey Hall, “ It’s, don’t, Akio Kon, it’s, “ They’re, Buddhika Weerasinghe, Yuki Akiyama, Akiyama, ” Akiyama Organizations: CNN, Kanda University of International Studies, Ministry of Internal Affairs and Communications, Kanda University, “, Bloomberg, Getty, Ministry, Internal Affairs, Communications, Tokyo City University, Homes Locations: Japan, New York City, Tokyo, Kyoto, Chiba, Kanda, Yato, Yokosuka City, Kanagawa prefecture, Tambasasayama, Noto, Ishikawa, Europe, West, “

☆ These 10 states are the most frustrating places to buy a house. See where homebuyers are surprised with the biggest fees.
▼ + stars: | 2024-05-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Unexpected homebuying costs include loan origination fees and property taxes. Home-services firm Frontdoor listed the states with the highest unexpected homebuying costs. A report by home-services company Frontdoor identified the states that shackle buyers purchasing a median-priced property with the highest unexpected costs. AdvertisementWhen prices of homes alone are so high, these additional costs — which can total from about $11,000 to almost $18,000 — can further burden and frustrate homebuyers. Here are the 10 states where homebuyers spend the most on unexpected property fees.

Persons: —, homebuyers, Frontdoor Organizations: Service, homebuyers

☆ Israel's attack on Rafah shows the troubling limits of Biden's influence
▼ + stars: | 2024-05-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewEarly on Tuesday, Israeli tanks seized control of the vital Rafah border crossing between Gaza and Egypt. But throughout its eight-month war, Israel has shown that it is willing to reject and ignore the advice of its most important international ally, the US. Israel on Monday warned civilians in eastern Rafah to evacuate, indicating that an attack may be imminent. His coalition is fragile, and he relies on the support of far-right lawmakers who are demanding an attack on Rafah. AdvertisementThe Gaza war has repeatedly threatened to spill into a wider regional conflict, and scenes of new civilian suffering in Rafah could intensify that threat.

Persons: —, Joe Biden, Benjamin Netanyahu, Matt Duss, Biden, John Kirby, Netanyahu, Israel Biden, Israel, JIM WATSON, He's, Aaron David Miller, Dave Harden Organizations: Service, Hamas, Israeli, Business, Washington, Center for International, House, Monday, Biden, Getty, US, Carnegie Endowment, International Peace, Wall Street, New York Times, US Agency for International Development, West Bank, BBC Locations: Gaza, Egypt, Israel, Rafah, Ukraine, Israel —, Qatar, New York City, Palestinian, Saudi Arabia

☆ Biden brags about his environmental record to win young voters, but most have no idea what he's done to fight climate change
▼ + stars: | 2024-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. President Joe Biden has sought to use his pro-environment policies to boost his support among young voters, but most of them have little to no knowledge of his administration's actions to tackle climate change, according to a recent survey. And many of the administration's climate policies are seemingly popular with the American public. The most polarizing Biden policy in the survey was the allowance of tax credits for electric vehicles, but even it had a plurality of support (43 percent) among respondents. Meanwhile, 35 percent of respondents opposed such credits, and 21 percent of respondents indicated they hadn't heard about it.

Persons: Joe Biden, Biden, Donald Trump's Organizations: Service, CBS, Business Locations: White House, Paris, United States

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ A French castle owned by royals and a Rothschild is on the market for $454M — which would make it one of the most expensive homes ever sold
▼ + stars: | 2024-05-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

A 12th-century French castle, Château d'Armainvilliers, is being auctioned for around $454 million. The castle was previously owned by King Hassan II of Morocco. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 12th-century castle that once belonged to a Rothschild is being auctioned for a staggering €425 million, or around $454 million. It was once owned by Edmond de Rothschild, before being sold to King Hassan II of Morocco, a spokesperson for Meuwissen told Business Insider.

Persons: Château, King Hassan II, —, Rothschild, Ignace Meuwissen, d'Armainvilliers, Edmond de Rothschild, Meuwissen Organizations: Service, Meuwissen, Business Locations: Morocco, Paris

☆ Whoopi Goldberg says her drug abuse hit rock bottom when she got 'sloppy' at work and a hotel maid found her sitting in a closet with cocaine all over her face
▼ + stars: | 2024-05-07 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Whoopi Goldberg wrote about the low point of her cocaine abuse in her new memoir "Bits and Pieces." Goldberg said that after a year of using, it started affecting her at work and she became "sloppy." Goldberg recalled a hotel maid finding her sitting in a closet with cocaine all over her face. AdvertisementWhoopi Goldberg revealed the extent of her cocaine abuse and the moment she knew she needed to get clean. Goldberg recalled celebrating her birthday at "a very upscale hotel in Manhattan" and receiving an ounce of cocaine.

Persons: Whoopi Goldberg, Goldberg, —, wouldn't, Michael Loccisano, Tribeca Festival Goldberg, You've, It's Organizations: Service, Tribeca Festival Locations: Los Angeles and New York, Manhattan

☆ Want to fire your real estate agent? Try this.
▼ + stars: | 2024-05-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

A $418 million legal settlement in March upended the residential real estate market. It's the brainchild of Lewis Buckley and Allan Wood who met during a private home sale process that — you guessed it — involved no real estate agents. In the US, commissions on home transitions have hovered between 5% and 6% of the sale price for decades. In the UK, real estate agents charge a 1% to 3% of the property sale price, and then sellers usually have to hire someone else to handle the legal stuff. Even with the lowest 1% commission rate of a traditional estate agent, a homeowner would save £4,605 if they paid Hiizzy's £395 flat fee.

Persons: —, Lewis Buckley, Allan Wood, Albert Fox Cahn Organizations: Service Locations: Hiizzy

☆ Watch out for these momentum losers that could underperform, Evercore ISI says
▼ + stars: | 2024-05-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of so-called momentum misers are already seeing their 2024 earnings estimates revised downward and the stocks have few reasons that could drive them higher, according to Julian Emanuel, Evercore ISI managing director and head of equity, derivatives and quantitative strategy. Lowe's first-quarter results are due out on May 21, but 2024 earnings estimates have fallen 4.7% year to date, according to Evercore. LOW YTD mountain Lowe's stock. MicroStrategy also made the Evercore list. Still, its 2024 earnings estimates have been revised down by more than 116% since the year began.

Persons: Julian Emanuel, Emanuel, Russell, Lowe's, Morgan Stanley, Simeon Gutman, Gutman, MicroStrategy Organizations: ISI, Coterra Energy, Citigroup

☆ A 93-year-old who started running marathons in his 50s goes to spin class every morning. He does 3 things to stay healthy.
▼ + stars: | 2024-05-07 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Read previewAt 93, John Starbrook competes in water polo games, hits the gym up to twice a day, and only stopped running marathons five years ago. As average life spans rise and an aging population becomes a global reality, interest in staying healthy for longer is growing. But a healthy lifestyle appeared to offset the effects of genes linked to a shorter lifespan by 62%. But he really amped things up at age 53 when he got into running marathons. Research suggests social bonds are an important part of a long, healthy life.

Persons: —, John Starbrook, Starbrook, Judy Organizations: Service, UK, Guardian, Business, McKinsey, US News, University of Bergen, US Health Department, Department, London, Research Locations: Norway, London

☆ I started a business with my mom right out of college and we've grown it to 7 figures in revenue. I've never had a real job, and I love being my own boss.
▼ + stars: | 2024-05-06 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.

Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, —, It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York

☆ Opinion | The Case for Letting Mortgages Move With Us
▼ + stars: | 2024-05-06 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

At the moment, the market for existing homes is partly frozen because people who have 3 percent mortgage loans don’t want to give them up for 7 percent loans on new homes. Making mortgages portable sounds unrealistic. After all, mortgages are tied by contract to particular pieces of property. “We’re getting this question a lot, even from our own members,” Mike Fratantoni, the group’s chief economist, told me. Nevertheless, he said he couldn’t imagine that owners of securitized loans would go along with the idea.

Persons: Fannie Mae, Freddie Mac, “ We’re, ” Mike Fratantoni, there’s Organizations: Federal Housing Finance Agency, Mortgage Bankers Association

☆ Brazil floods death toll rises to 83, dozens remain missing
▼ + stars: | 2024-05-06 | by ( Jack Guy | Julia Vargas Jones | ) edition.cnn.com time to read: +2 min

CNN —The death toll from a series of catastrophic floods in the southern Brazilian state of Rio Grande do Sul has risen to at least 83, the state’s civil defense unit said Monday. A further 276 people are reportedly injured and at least 111 people are missing, while at least 121,000 people have been displaced, according to the Civil Defense of Rio Grande do Sul. Military firefighters rescue a man using a helicopter. Yesterday (Saturday) were we able to intensify operations,” Sallet said. The climate crisis, caused primarily by humans burning fossil fuels, is supercharging extreme weather around the world, making many events more intense and more frequent.

Persons: Renan Mattos, Amanda Perobelli, José Carlos Sallet, ” Sallet, Diego Vara, Gustavo Ghisleni Organizations: CNN, Authorities, Civil Defense, Reuters, Reuters CNN, Rio Grande do Sul Military Firefighters, Roca Sales, Getty Locations: Rio Grande do Sul, Canoas, Jacarezinho, Roca, AFP

Search resuls for: "Homes"

25 mentions found