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Following the deadly Hamas rampage across southern Israel on Oct. 7, which killed more than 1,300 people, Israel ordered an immediate cut-off of the country’s water supplies to the Gaza Strip. REUTERS/Ahmed ZakotOn Sunday, Israel’s energy minister said that a decision to renew water supplies to parts of southern Gaza was agreed on between Prime Minister Benjamin Netanyahu and U.S. President Joe Biden. On Monday, Hamas said that Israel had yet to resume water supplies for the Gaza Strip despite pledging to do so, while an Israeli official responded that some water was being provided to an area in the south of the enclave. Bar chart comparing the daily water consumption in litres per capita in Gaza and Israel. Map showing 3 desalination plants and 6 wastewater plants in the Gaza Strip.

Persons: Khan Younis, Ahmed Zakot, Benjamin Netanyahu, Joe Biden, Israel, ” Organizations: United Nations, REUTERS, U.S, Health, WHO, Palestinian Central Bureau of Statistics, Water, Palestinian Water Authority, Records, UNSCO Atlas, Sustainable, Resources, Israeli Information Center, Human Rights, World Bank Locations: Gaza, Israel, Sinai, Egypt, B’Tselem, Territories

☆ Asking prices of UK homes show smallest October rise since 2008
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 16 (Reuters) - Asking prices for homes in Britain have risen at their slowest pace for the time of year since 2008, property website Rightmove said on Monday in a latest sign of how the climb in borrowing costs has slowed the housing market. Average asking prices for homes increased by 0.5% between Sept. 10 and Oct. 7 from the previous four weeks, well below the average increase for the period of 1.4%, Rightmove said. Prices were down 0.8% compared with a year earlier and the number of agreed sales was down 17% in annual terms. Other measures of Britain's housing market - which boomed during the COVID-19 pandemic - have also cooled with the Royal Institution of Chartered Surveyors' measure of house prices showing the most widespread falls since 2009 in September. Reporting by William Schomberg; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Rightmove, Tim Bannister, William Schomberg, William James Our Organizations: Royal Institution, Chartered Surveyors, Bank of England, Thomson Locations: Britain

The U.S. Capitol is seen at sunrise as Republican House members will today continue their search to find a House speaker following the ouster of Kevin McCarthy, in Washington, U.S., October 13, 2023. The House of Representatives has drifted leaderless for 12 days since eight of its 221 Republicans ousted Speaker Kevin McCarthy. Some House Republicans voiced frustration and anger that they have gone so long without being able to choose a leader. Our adversaries are watching what we do and ... quite frankly, they like it," said Republican House Foreign Affairs Committee Chairman Michael McCaul. Former President Trump, the frontrunner for the 2024 Republican nomination, has at times been a cheerleader for the chaos.

Persons: Kevin McCarthy, Kevin Lamarque, Donald Trump's, Israel, hardliner Jim Jordan, Joe Biden, Michael McCaul, McCaul, Trump, Zach Nunn, Nunn, Pete Aguilar, Tommy Tuberville, Tuberville, Vladimir Putin, Elizabeth Hoffman, William Hoagland, Congress doesn't, Scott Perry, Richard Cowan, Patricia Zengerle, Scott Malone, Cynthia Osterman Organizations: U.S, Capitol, Republican, REUTERS, Rights, U.S ., Hamas, Republicans, Democratic, House, Republican House Foreign, Reuters, Israel, Democrats, House Democratic, Pentagon, Center for Strategic & International Studies, Center, Congress, Caucus, Thomson Locations: Washington , U.S, East, Ukraine, Washington, Middle, Israel, Gaza, Iowa, Des Moines

☆ What Is the Mortgage Interest Deduction?
▼ + stars: | 2023-10-15 | by ( Aly J. Yale | ) www.wsj.com time to read: +11 min

That’s thanks to the Home Mortgage Interest Deduction, which lets you write off the interest you pay on your mortgage loan throughout the year. What is the mortgage interest deduction? The mortgage interest deduction is a type of itemized tax deduction that has been around in some form since a federal income tax was introduced in 1913. Mortgage pointsMortgage points—an upfront fee you can pay at closing to lower your interest rate—are another form of mortgage interest, just prepaid. Whether you should take the mortgage interest deduction comes down to the age-old question of itemizing vs. using the standard deduction.

Persons: Aly J, you’re, won’t, ”, Paul T, Joseph, Joseph & Joseph, We’ll, “, Aaron Cirksena, “ You’re, ” Cirksena, Jan Organizations: Yale, Home, Joseph &, Joseph & Joseph Tax, MDRN, IRS, — Locations: Williamston, Mich, California, Annapolis, Md, “

CNN —A number of House Republicans are in talks to block Rep. Jim Jordan’s path to the speakership as the Ohio Republican tries to force a floor vote on Tuesday, according to multiple GOP sources. The GOP source said that Jordan may decide to go to multiple ballots on the floor if necessary. Video Ad Feedback Republican's claim about Jim Jordan stuns Jake Tapper 01:07 - Source: CNNYet there is still sizable opposition to Jordan. Video Ad Feedback What's going on with the House GOP? That means Jordan or any other Republican nominee can only afford to lose four GOP votes on the floor if every Democrat votes for House Minority Leader Hakeem Jeffries.

Persons: Jim Jordan’s, Jordan, I’ve, “, Katherine Clark, Jim Jordan, Jake Tapper, Kevin McCarthy, Steve Scalise, ”, Scalise, –, Hakeem Jeffries, Dan Crenshaw, ” Crenshaw Organizations: CNN, Republicans, Ohio Republican, Republican, GOP, Jordan’s, CNN’s, Union Locations: Ohio, Texas, CNN’s “ State

Bloggers Marques and Shyra paid off their Sacramento home 21 years early. They paid an extra 1/12 of their payment twice per month, totaling two extra payments every year. You take your monthly mortgage payment amount and divide it by 12," Marques told Insider by email. With just 1/12 of their payment, they didn't notice the extra money they were putting towards their mortgage payment each month. They automated this extra payment to their mortgage lender so they didn't have to think about it.

Persons: Bloggers Marques, Shyra, —, Black, they'd, Marques, hustles Organizations: Bloggers, Sacramento, Service, Debt Free, Marques Locations: Sacramento, Shyra

In turn, higher rates will dampen interest-sensitive expenditure and likely lead to slower growth in oil consumption in 2024. Services are less energy-intensive but more labour-intensive than manufacturing, so the sector’s inflation rate tends to be more persistent and a better indicator of the overall amount of inflationary pressure within the economy. Most rate traders anticipate the central bank will be forced to keep overnight rates higher for longer to squeeze persistent inflation out of the economy. In the short term, the renewed expansion of the U.S. manufacturing and service sectors is supporting oil consumption and prices. In the medium term, however, the higher-for-longer rates needed to bring inflation back to target will likely depress business activity and slow oil consumption growth in 2024.

Persons: Eduardo Munoz, John Kemp, Rod Nickel Organizations: Exxon, REUTERS, Institute, Supply, Federal Reserve, Treasury, Thomson, Reuters Locations: Newport , New Jersey, U.S, United States, Europe, Ukraine

Hawaiian Electric, the state’s primary electric utility company, has acknowledged its power lines started a wildfire on Maui that morning. One caller said cars were being routed into a gated parking lot and were forced to turn around. A third caller told dispatchers they needed to open a road on the south side of town, warning that the blocked exit would result in people dying. One dispatcher told a caller stuck in traffic that emergency workers were busy “because Lahaina has a couple of house fires going on right now.”“If you’re safe, you need to stay there,” she said. Associated Press writers Lisa Baumann in Seattle; Chris Keller in Albuquerque, New Mexico; and Claire Rush in Portland, Oregon, contributed.

Persons: ”, “, “ It’s, Alana Pico, Hale, cinders, we’ve, ‘, We’re, Mahina Martin, ” Martin, ” ____ Lauer, Johnson, Lisa Baumann, Chris Keller, Claire Rush Organizations: Associated Press, Electric, Hawaiian Electric, Flames, Maui Police Department, AP, Lahaina Civic Locations: LAHAINA, Hawaii, Maui, Lahaina, Philadelphia, Seattle, Boone, Boise , Idaho, Albuquerque , New Mexico, Portland , Oregon

☆ A little-known Georgia congressman is now running against Jim Jordan to be speaker of the House
▼ + stars: | 2023-10-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Georgia Rep. Austin Scott is running against Jim Jordan to be the GOP nominee for speaker of the House. Rep. Austin Scott, a Georgia Republican who's served in Congress since 2011, announced on Friday that he would be seeking his party's nomination to be speaker of the House. "We are busily googling Austin Scott right now," another House Democrat told Axios reporter Andrew Solender. AdvertisementAdvertisementScott appears to be running primarily to deny the nomination to Jordan, who he blames for denying Scalise the nomination. "I don't necessarily want to be the speaker of the House," Scott told Punchbowl News on Friday, adding that he doesn't think "anyone can get 217 votes."

Persons: Austin Scott, Jim Jordan, He's, Jordan, —, you've, Georgia Republican who's, Jim Jordan of, Steve Scalise, they'd, Scott, Andrew Solender, Mike Collins, Collins, they're, CNN's Manu Raju, I'm, Mike Pence Organizations: GOP, Service, Georgia Republican, —, Democrat, House Intelligence Committee, Armed Services Committee, Agriculture Committee, House Republicans, Electoral, Punchbowl News Locations: Georgia, Jim Jordan of Ohio, Pennsylvania, Arizona

☆ Wall Street prepares to dish economic dirt on US
▼ + stars: | 2023-10-12 | by ( John Foley | ) www.reuters.com time to read: +7 min

They are also among the handful of banks which can buy Treasury debt straight from the central bank. That puts leaders like JPMorgan chief Jamie Dimon at the center of the global financial spiderweb. To be sure, the financial statements that the banks will start to release on Friday will be backward-looking. Interest income will reflect the sharp and continued rise of central bank rates, which drag up the price banks must pay for customer deposits and what they charge for loans. It’s a big economic question, since plastic-related debt in the United States hit a record $1 trillion in August.

Persons: Jamie Dimon, Marco Bello, Brian Moynihan’s, Jane Fraser, Wells Fargo, Dimon, Dean Athanasia, Banks, Wells, Peter Thal Larsen, Sharon Lam Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan, Bank of America, Citigroup, of America, Treasury, Citi, Fraser, Reuters Graphics Reuters, Federal Reserve, Federal, Bank of, Reuters Graphics Reuters Graphics Bank, Alpha, Thomson Locations: Miami , Florida, U.S, Wells Fargo, Wells, United States

☆ Free daycare for teachers' kids could help fix the crisis for all parents
▼ + stars: | 2023-10-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US is in a childcare crisis due to cost and lack of available teachers. The state now gives free tuition to the children of childcare teachers. However, one potential solution appears to be working, but only if governments are willing to step in and help. AdvertisementAdvertisementNPR found one example of a center offering free tuition to employees without state assistance in West Virginia. Many childcare centers may be forced to close.

Persons: —, Kentucky Daniel Light, Sinead, ZipRecruiter, Luis Alvarez, Clive R Organizations: Service, Census Bureau, Center for American Progress, Bluegrass State, NPR, Bureau of Labor Statistics, Economic, Institute, Walmart, View, National Association for, Education of Young Locations: Kentucky, West Virginia, NPR , Kentucky

☆ Delta's quarterly profit tops estimates on booming international travel
▼ + stars: | 2023-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCHICAGO, Oct 12 (Reuters) - Delta Air Lines (DAL.N) on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs. In an interview, he said the demand for Delta's products remain "high" as its customers are in "a very healthy condition." Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. In the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. Ultra-low-cost carrier Spirit Airlines (SAVE.N) last month cut its profit outlook for the third quarter, citing "heightened promotional activity with steep discounting."

Persons: John F, Andrew Kelly, Ed Bastian, Delta, Stephen Trent, Hopper, airfare, Bastian, Rajesh Kumar Singh, Mehr Bedi, Jamie Freed, Arun Koyyur, Nick Zieminski Organizations: Delta Air Lines, Kennedy International Airport, REUTERS, Rights, Delta, U.S, Wall Street, Citi Research, Spirit Airlines, Frontier Airlines, Thomson Locations: Queens , New York City, U.S

NEW YORK (AP) — Troye Sivan was initially going to begin his third full-length album with a ballad, a wistful song looking back at lost love. “It was a feeling that I knew that I was feeling in life that I hadn’t yet managed to distill,” Sivan says. And I’m really happy about that.”The new album has the potential to cement Sivan among today's pop elite. “I didn’t really feel the pressure to prove anything this time around,” he says. Whereas now I’m like, ‘No, this sounds really cool and I love it.’ So I want to I want to just go for it," Sivan says.

Persons: — Troye Sivan, Frisky, ”, —, Rush, ” Sivan, ‘, ’, “, I’m, “ Bloom, Ariana Grande, Alessia Cara, Charli, Zedd, Betty Who, Sivan, Ian Kirkpatrick, ” ___ Mark Kennedy Organizations: “, Sivan Locations: ”

☆ A 36-year-old real estate investor who owns hundreds of units acquired his first property months after graduating college. He shares the strategy he used to live for free in his first home.
▼ + stars: | 2023-10-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

As a college senior in 2010, Ricky Beliveau wrote a paper about how to invest in multi-family real estate. Six months after graduating, he used his capstone project as a blueprint to actually purchase a multi-family unit himself. He quit his day job in 2015 to go all-in on real estate. Today, at 36, he runs several real-estate related businesses, including Volnay Capital and EVO Real Estate Group. Consider what real estate investor Todd Baldwin did at the beginning of his career.

Persons: Ricky Beliveau, —, she'd, Beliveau, he'd, Todd Baldwin, Baldwin, it's Organizations: Northeastern University, Volnay Capital, EVO Real Estate Group Locations: Boston, Seattle , Washington

☆ Americans are flocking to Mexico City where rent is cheaper and life is more laid-back—for locals, it’s complicated
▼ + stars: | 2023-10-12 | by ( Celia Fernandez Tasia Jensen Beatriz Bajuelos Castillo | Celia Fernandez | Tasia Jensen | ) www.cnbc.com time to read: +18 min

Moran moved to Mexico City in 2019 and is now a permanent resident and lives with Dai, her Mexican boyfriend. "When North Americans come to Mexico, especially to Mexico City, they do not come for survival reasons," Osorno says. Alberto Martinez believes that the Mexican government needs to come up with a way to control rent prices in Mexico City. In 2022, the Mexico City government partnered with Airbnb to promote the city as a global remote working hub. In 2022, Airbnb and Mexico City announced a partnership that caused an uproar among CDMX locals.

Persons: it's, Gene Kim, Kyla Moran, Moran, Dai, Tasia Jensen, Beatriz Bajuelos, Hutchins, Caitlin Hutchins, Cora, Victor, Adalia, —, Aborisade, Hutchins isn't, I'm, Keith Brown, Brown, George Floyd, There's, doling, I've, Darnell, Tiara Darnell, Guillermo Osorno, Frida Kahlo, Diego Rivera, Leticia Lozano, Lozano, Anais Martinez, Martinez, It's, Leticia Lozano López, Alberto Martinez, Airbnb, Lozano López Organizations: CNBC, Mexico City, Black American, Spanish, U.S, Spotify, National Institute of Statistics, Human Rights, Osorno, Roma, Mexico's Foreign Affairs, New, of Labor Statistics, National Autonomous University of Mexico, The New York Times, Urban Regeneration, MIT, Airbnb, Nurphoto Locations: Mexico City, Mexico's, Ciudad, North America, Mexico, U.S, American, Hutchins, North Carolina, Texas, Mexico City's, United States, Buffalo , New York, Buffalo, Roma Norte, La, Osorno, Tourism Secretarait, Mexican, New York City, —, La Condesa, Airbnb, Latin America, Barcelona, Florence, Congress

☆ Most Japanese firms expect China's economic slowdown to persist into 2025 - Reuters poll
▼ + stars: | 2023-10-11 | by ( Tim Kelly | ) www.reuters.com time to read: +3 min

Of 502 major Japanese companies surveyed by Reuters, 52% said they expected the slowdown in China to continue into 2025, with 17% predicting weaker economic growth to persist until the end of 2024. The value of that cross-border economic activity jumped 14% to 43.8 trillion yen ($294 billion) last year, according to the Japanese government. Japanese companies also operate from more than 31,000 locations in the country. Some 45% of the firms that responded to the survey said the slowdown in China had affected their businesses. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research between Sept. 27 and Oct. 6, canvassed 502 big non-financial Japanese firms.

Persons: Dado Ruvic, Fumio Kishida, Tim Kelly, Stephen Coates Organizations: REUTERS, Reuters, Cargo, Reuters Corporate Survey, Nikkei Research, Thomson Locations: China, Japan TOKYO, Japan

☆ UK housing market challenging but rate pause offers hope -RICS
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the difference between the percentage of surveyors seeing rises and falls in house prices, edged down to -69 after August's sharp drop to -68. Echoing other gauges of British house prices, RICS' latest figure was the weakest since February 2009 and was below the median forecast of -63 in a Reuters poll of economists. Britain's housing market boomed during the coronavirus pandemic as demand for homes with more space surged, but it has been a victim of the BoE's run of 14 interest rate hikes, which began in December 2021. "Although the decision to pause monetary policy tightening a few weeks ago provided a glimmer of relief for the market, interest rates are likely now set to remain on hold for a prolonged period," Parsons said. The weak state of the housing market has hurt companies such as building materials supplier Travis Perkins (TPK.L), which on Wednesday downgraded its annual profit forecast by as much as 27%.

Persons: Henry Nicholls, RICS, Tarrant Parsons, Parsons, Travis Perkins, William Schomberg, Kylie MacLellan Organizations: REUTERS, Bank, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain

☆ Putin's Spy Master Says Issue of Ukraine Support Turning 'Toxic' in US
▼ + stars: | 2023-10-11 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

MOSCOW (Reuters) - Russian President Vladimir Putin's foreign intelligence chief said on Wednesday that the issue of support for Ukraine was becoming toxic in the United States and that the divisions would deepen ahead of next year's U.S. presidential election. Since Russia invaded Ukraine in February last year, the United States and the European Union have made more than $160 billion in commitments to Ukraine, including tens of billions of dollars in weapons. Republican lawmakers' ouster of House of Representatives Speaker Kevin McCarthy has raised questions about the future of aid to Ukraine. The United States has also repeatedly urged Kyiv to do more to tackle corruption, CNN reported this month. Naryshkin, who has served as Russia's foreign spy chief since October 2016, said the ouster of McCarthy illustrated the "malignancy" of the Ukraine issue in the U.S. body politic.

Persons: Vladimir Putin's, Joe Biden, Volodymyr Zelenskiy, Sergei Naryshkin, Naryshkin, Putin, Kevin McCarthy, McCarthy, Guy Faulconbridge, Gareth Jones Organizations: European Union, Russia's Foreign Intelligence Service, Diplomats, Republican, United, CNN Locations: MOSCOW, Ukraine, United States, Russia, Baku, Washington, Kyiv, U.S, Western, Moscow

CNN —House Republicans picked Rep. Steve Scalise as their nominee for speaker on Wednesday, but the Louisiana Republican lacks the votes needed to win the gavel and it remains unclear whether he will be able to win over holdouts. Scalise won out over Rep. Jim Jordan in a closed-door vote by the House GOP conference to pick their speaker nominee on Wednesday. House Republicans hold a narrow majority and Scalise can only afford to lose four GOP votes on the floor and still win the speakership. McCarthy’s ouster, which was driven by a group of hardline conservatives, has intensified deep divisions within the House GOP conference and escalated tensions. Scalise is a veteran of House GOP leadershipScalise has risen through the ranks of leadership during his time in Congress.

Persons: Steve Scalise, Kevin McCarthy’s, Scalise, Jim Jordan, Donald Trump, Jordan, Trump, McCarthy’s, It’s, “ I’m, I’ll, Marjorie Taylor Greene, CNN’s Manu Raju, “, Jake Tapper, Thomas Massie, Massie, McCarthy, hasn’t, Steve, ”, Kevin Hern, Byron Donalds of, Tom Emmer, – Organizations: CNN — House Republicans, Louisiana Republican, holdouts, Republicans, House GOP, Committee, Scalise, House Republicans, GOP, CNN, ” Republican, Oklahoma GOP, Oklahoma, Rep, Republican Locations: Louisiana, Georgia, Byron Donalds of Florida

The war provoked by Hamas' attack on Israel has shaken American politics — and put the primary race in her wheelhouse. Iran has long supported Hamas, though U.S. officials say there's no conclusive evidence yet that Iranian agents were involved in the most recent attack. Ron DeSantis proposed state-level sanctions against Iran for its ongoing support of Hamas. Since before the war, Haley has gone after her rivals on issues such as U.S. support for Ukraine against Russia's invasion and how Washington deals with China. And, in keeping with how he treats rivals, Trump has given Haley a nickname, “Birdbrain."

Persons: CLIVE, — Nikki Haley, peppering, —, Haley, Donald Trump, ”, we’re, wouldn't, Israel, Kevin McCarthy, Joe Biden, South Carolina Sen, Tim Scott, Ron DeSantis, Trump, Vivek Ramaswamy’s, “, ” Ramaswamy, ” Haley, DeSantis, ” DeSantis, Bill Strong, ” Strong, Nikki, doesn’t, Bruce Rauner, Rauner, She’s, Linda Marks, ” Marks, Thomas Beaumont, Elliot Spagat, ___ Meg Kinnard Organizations: Republican, United Nations, Department of Homeland Security, Israel, Saturday, Banking, Gov, Ukraine, Washington, GOP, Lockheed, Raytheon, Boeing, Trump, Disney, ” Former Illinois Gov, doer, Palestinian, Security, The Associated Press, NORC, for Public Affairs Research, Associated Press Locations: Iowa, China, Russia, Israel, U.S, America, Mexico, Iran, Tehran, South Carolina, Florida, Ukraine, Taiwan, ”, Texas, United States, Gaza, Des Moines, Windsor Heights , Iowa, Boone , Iowa, San Diego

☆ China's consumer spending isn't roaring back to pre-pandemic levels yet
▼ + stars: | 2023-10-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China's consumer spending still isn't growing as fast as it did before the pandemic, analysts said. Retail sales for the Sept. 29 to Oct. 5 holiday period rose by 9% from a year ago, according to state media reports of Ministry of Commerce data. China's retail sales fell by 0.2% in 2022, according to official figures. In the Asia-Pacific region, Chinese spending on luxury goods has already recovered to 2019 levels, the report said. Consumer spending has lagged China's overall economic growth since the pandemic started in early 2020.

Persons: Kevin Frayer, Christine Peng, Christine Peng UBS, Peng, Imke Wouters, Oliver Wyman, Wouters Organizations: Getty, BEIJING, Ministry of Commerce, UBS, CNBC, Consumers, Christine Peng UBS UBS, HSBC Locations: Beijing, China, Hainan, Europe, Asia, Pacific, U.S

[1/33] A dove flies over the debris of houses destroyed in Israeli strikes, in Khan Younis in the southern Gaza Strip, October 11. And, with hundreds of Israeli strikes raining down on their tiny enclave, they have nowhere to run. The blitz is retaliation for a devastating attack on Israel by Gaza's ruling group Hamas which the Israeli military says killed more than 1,200 people. Men and boys stood near one of the few supplies in Khan Younis loading huge tanks onto three-wheeled rickshaws, carts they dragged by hand and a small wagon pulled by a horse. In Khan Younis, an ambulance stood at the end of an alleyway with its siren blaring, a man sat inside cradling his young daughter, their eyes staring wide from faces covered in dust.

Persons: Khan Younis, Abu Mustafa, Gaza's, Yamen Hamad, they'd, Yoav Gallant, Beit, Ala, Sheikh Radwan, Kafarneh, Youssef Dayer, Mahmoud Abbas, Fatah, Hisham Muhanna, Mohammad Abu Mughaseeb, Younis, didn't, they'll, Nidal al, Abir Al, Angus McDowall, Pravin Organizations: REUTERS, Hamas, Reuters, European Union, Israeli, Beach Refugee, United Nations, International Committee, Medecins Sans, Pravin Char, Thomson Locations: Gaza, Israel, Beit Hanoun, Khan, Egypt, United States, Canada, Japan, Gaza City, Zeitoun, U.N, Abir Al Ahmar, Dubai

☆ The US economy's safety net is bigger than anyone thought
▼ + stars: | 2023-10-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Americans' excess household savings are much higher than previously thought. The household savings rate was revised from an annual average of 7.9% between 2017 and 2019 to 6.5%. This could be good news for the economyPrior to the revisions, though, many economists thought excess savings would run out quickly. A San Francisco Fed study updated in August estimated excess savings would likely be depleted during the third quarter of 2023. AdvertisementAdvertisementPerhaps more excess savings than previously thought could cheer up some Americans gloomy about the economy.

Persons: —, Société Générale, Bankrate Organizations: Service, Bureau, JPMorgan, BEA, San, San Francisco Fed Locations: San Francisco

☆ Student loan payments are back. Here’s where some Americans are trimming their budgets
▼ + stars: | 2023-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +14 min

Student debt relief activists participate in a rally at the US Supreme Court on June 30, 2023 in Washington, DC. “Of course, the lowest-earning households still collectively owe around $7 billion a year in student loan repayments. After the Supreme Court dashed any hopes of loan forgiveness, more Americans started making loan payments before the official repayment period, as well as interest, kicked in. “It’s just all the supplemental spending, a lot of that will disappear so that we can make room for the [student loan] payments,” he said. Jonnisha McCleod was able to wipe out $12,000 of her student loan debt.

Persons: Minneapolis CNN —, they’re, ”, Justine Lyons, “, pesky, Lyons, — Lyons, Robin Nathan “ It’s, you’ve, it’s, Kevin Dietsch, Emerson Sprick, Biden, Sprick, Shannon Seery, Wells, ” Seery, Nancy Vanden Houten, Brian Snyder, Snyder, “ It’s, Megan Lopez, ” Lopez, you’re, Logan Ricketts, Jamie, they’ve, ” Logan, Jonnisha, ” McCleod, ’, McCleod, Jonnisha McCleod, I’m, “ I’m, Katrice Williams, Williams couldn’t, Edna Monroy “, Williams Organizations: Minneapolis CNN, National Student, Federal Reserve Bank of New, US, Biden, New York Fed, Coalition, Department of Education, Education Department, CNN, Oxford, Oxford Economics, SAVE, Cleveland State University College of Law, Trump Locations: Minneapolis, Decatur , Georgia, States, Federal Reserve Bank of New York, Washington , DC, Wells Fargo, Baltimore , Maryland, Las Vegas, Cedar Park , Texas, Omaha , Nebraska, undergrad, Cleveland , Ohio

☆ In a Chaotic House, the Next Speaker Must Unite These Three Factions
▼ + stars: | 2023-10-10 | by ( Kara Dapena | Aaron Zitner | ) www.wsj.com time to read: 1 min

Speaker candidates Reps. Steve Scalise of Louisiana and Jim Jordan of Ohio must unite an unruly group of House Republicans with diverse political needs and interests. On the political right, about 40 members belong to the Freedom Caucus, who are among the most fiscally conservative and often refuse to compromise on their views. By contrast, 18 House Republicans represent districts that President Biden won in 2020, and all but one lean toward the political center.

Persons: Steve Scalise, Jim Jordan, Biden Organizations: House Republicans, Freedom Caucus, Republicans Locations: Louisiana, Ohio

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