DIRS.INFO The most relevant business & tech news

☆ Home buyers are finally seeing a light at the end of the tunnel, but it is going to be painful for homeowners and sellers
▼ + stars: | 2023-10-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

There is no end in sight for high mortgage rates, and sellers are dropping prices. AdvertisementAdvertisementThe housing market is in an ugly place right now for buyers and while things may be stabilizing, that just means pressure will likely shift from buyers to sellers. Redfin CEO Glenn Kelman made headlines in recent weeks with several interviews where he said the housing market had hit "rock bottom." "The housing market is just taking a beating because affordability is at a four-decade low. While the market might not get worse for buyers, sellers are not yet at rock bottom after enjoying years of rising home values.

Persons: —, Glenn Kelman, Kelman, ZIlloq, Paul Bradbury, Zillow, Jeff Tucker, Redfin, Jeremy Grantham, Grantham, David Rosenberg, Rosenberg, Merrill Lynch, Luis M, Alvarez, Tom Barkin, Alou Diarra, Getty Organizations: Service, CNBC, Getty, Cleveland Fed, Altos Research, Rosenberg Research, North, AP, Richmond, Fed Locations: North American

☆ Israel could eventually divide the left — while Ukraine divides the right
▼ + stars: | 2023-10-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

If the conflict in Israel drags on for weeks, Democrats in Congress may eventually split over it. It would showcase a divide that echoes — but doesn't exactly mirror — GOP discord over Ukraine. It's a divide that might echo — though not exactly mirror — Republicans' divisions over Ukraine. When the invasion of Ukraine began in February 2022, lawmakers were relatively united in levying harsh sanctions against Russia and approving billions in aid to Ukraine. That arguments has in turn driven opposition to Ukraine aid among GOP voters; 71% of Republicans said that the US should not authorize any new funding for Ukraine in an August poll from CNN.

Persons: —, Marjorie Taylor Greene, Tucker Carlson, it's, Mohamed Zaanoun, Yoav Gallant, POLITICO, Benjamin Netanyahu, who've, Israel Organizations: Service, Democratic, Russia, Hamas, Christian, GOP, Israel Americans, US, Lawmakers, Republicans, Ukraine, Fox News, CNN, Washington Post, Getty, Israeli, Progressive Caucus, Gallup Locations: Israel, Ukraine, Gaza, Egypt, United States, combatting Russia, Russia, Palestine

☆ Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We do not see a path forward for legislation to cap credit card interest rates," Seiberg said. There are 70 million more credit card accounts open now than in 2019, it said. Credit card interest rates have predominantly remained below 36% due to "self-restraint" by banks, though that's still "extremely high" for a credit card, said Lauren Saunders, associate director at the National Consumer Law Center. I think some of the [political] lines are starting to blur a little bit, at least on credit card issues. How to reduce your personal card rate to 0%Rossman's general advice to consumers: Make your personal credit card rate 0%.

Persons: Luis Alvarez, Rossman, Seiberg, There's, that's, Lauren Saunders, Ted Rossman, Sen, Bernie Sanders, Alexandria Ocasio, Glenn Grothman, Grothman, Hawley Organizations: Digitalvision, Getty, Cowen Washington Research Group, Republican, Federal Reserve Bank of New, Federal Reserve, National Consumer Law Locations: Federal Reserve Bank of New York, Alexandria, Cortez, Jesús, Chuy, García

☆ Fenway Farms: On the roof of an iconic sports venue, this urban farm in Boston can grow 6,000 pounds of produce a year
▼ + stars: | 2023-10-10 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +10 min

Boston, Massachusetts CNN —Though home to the Boston Red Sox, Fenway Park is known for being green. Spanning a section of what was once an empty black rubber roof, a farm is making Fenway green in a completely different way. “We can produce anywhere from 4,000 to 6,000 pounds of fresh produce a year, depending on what we’re growing,” Grallert says. A little replica of Fenway Farms also opened at the Boston Children’s Museum last year. Green City estimates roughly 500,000 children and adults encounter Fenway Farms every year.

Persons: Boston , Massachusetts CNN —, Benjamin Moore, ”, Chris Grallert, ” Grallert, Bob Crowley, Grallert, Chef Ron Abell, Abell, he’s, lettuces, Danielle Morgan, Samantha Bresnahan, ” Abell, they’ve, Abell’s, Nature’s, we’ve, ” Read, Haley Bergeron, John Cumberland, “ Organizations: CNN, Boston , Massachusetts CNN, Boston Red Sox, Fenway, Green City Growers, Red Sox, Fenway Park, Green City, Major League, Sox, Coors, Oracle, Boston, Boston Children’s Locations: Boston , Massachusetts, Green, Fenway, Boston, reinvigorating, Massachusetts, Colorado, San Diego, San Francisco

☆ Laphonza Butler’s ascent to the Senate is a key moment for Black LGBTQ representation, advocates say
▼ + stars: | 2023-10-10 | by ( Chandelis Duster | ) edition.cnn.com time to read: +8 min

“It’s about time,” Franco-Clausen, co-chair of the National Black Justice Coalition’s Good Trouble Network, an initiative that aims to advance policies that benefit the Black LGBTQ+ community, told CNN. She is currently the only Black woman serving in the Senate, and the third ever to serve in the chamber. But Franco-Clausen said she hopes the California senator will usher in a new era of representation. Among Democrats, 52 Black women have served in the House and three have served in the Senate. David Johns, the executive director of the National Black Justice Coalition, said he believes Butler’s presence in the Senate is reflective of the work of previous Black LGBTQ+ political leaders.

Persons: CNN — Shay Franco, Clausen, Laphonza Butler, Franco, Sen, Dianne Feinstein, “, ” Franco, Coalition’s, Butler, ”, Kamala Harris –, Feinstein, Gavin Newsom, Charles Schumer, Alex Padilla, Tom Williams, Feinstein … Laphonza, “ Sen, Dianne Feinstein’s, ” Butler, Adam Schiff, Katie Porter, Barbara Lee, Hillary Clinton’s, Kamala Harris ’, who’s, Arnulfo De, Arnulfo De La Cruz, “ Laphonza, Laphonza, Shirley Chisholm, Melanie Campbell, David Johns Organizations: CNN, National Black, Network, Senate, San Francisco, of Supervisors, Committee, Senate Intelligence, Inc, Getty, Washington , D.C, Democratic, Congressional Black Caucus, House Democratic, Jackson State University, University of California, Regents, National Children’s Defense, Service Employees International Union, SEIU, Center for American Women, Republican, Victory, National Coalition, Black, National Black Justice Coalition Locations: California, D, Washington ,, Mississippi, Arnulfo De La, Congress

The program, called the U.S. President’s Emergency Plan for AIDS Relief Program, or PEPFAR, started in 2003 by President George W. Bush. Congress missed the Sept. 30 deadline to renew funding for PEPFAR before it expired. The policy had not been included as a part of PEPFAR funding until 2017, when the Trump administration expanded the policy to include it as a part of the program. Advocates for PEPFAR contend the program does not directly or indirectly fund abortion services. For some countries, the health benefits of the PEPFAR program go beyond its mission of reducing the spread of AIDS.

Persons: George W, Joe Biden, PEPFAR, “, ”, Chris Smith, Biden, Ronald Reagan, Trump, Bush, George Ingram, Matthew Miller, ” Miller, reauthorization, Ingram, ” Ingram, Carlos del Rio Organizations: U.S, President’s, AIDS Relief, U.S . State Department, PEPFAR, Congress, House Republicans, Biden Administration, House Global Health, Senate, Senators, Republicans, Center for Sustainable Development, Brookings Institute, Kaiser Family Foundation, Program, Emory University School of Medicine, State, Committee, Infectious Diseases Society of America Locations: U.S, New Jersey, Mexico, Washington, Africa, China, Russia

For the bottom 40% by income that means a smaller slice of the pie even as their net worth has risen at the swiftest pace in years. said Elise Gould, senior economist at the Economic Policy Institute, a Washington-based think tank focused on labor issues. The newest data suggest that trends of higher wealth and income concentration survived pretty much intact. Yet Dynan noted that the rise in wealth over that period was 30% for families in the 80th to 99th income percentiles and more than 40% for the top 1%. Reuters GraphicsOLD TRENDS HOLD FASTThe Fed's quarterly data on wealth distribution estimates asset holdings and liabilities across racial, educational, age and income groups, and their shares of national totals.

Persons: Elise Gould, They've, Biden, Karen Dynan, Dynan, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, U.S . Census Bureau, Economic Policy Institute, United Auto Workers, Harvard University, Thomson Locations: U.S, Washington

☆ Analysis: Putin banks on wavering support for Ukraine, amid a race against time
▼ + stars: | 2023-10-08 | by ( Nathan Hodge | ) edition.cnn.com time to read: +8 min

Last week, President Joe Biden signed into law a stopgap bill to avert a government shutdown, but funding for Ukraine was a casualty of the brinksmanship on Capitol Hill. The Biden administration emphasizes that that the American public’s support for Ukraine remains strong. Ukrainian President Volodymyr Zelensky walks down the White House colonnade to the Oval Office with President Joe Biden during a visit to the White House in Washington, DC, on September 21. In his remarks at Valdai, he clearly implied that Russia intends to outlast the West over Ukraine. Paraphrasing Putin, Mylovanov said that the Kremlin believes that “Ukraine will have one week left to LIVE once Western supplies are over.

Persons: Donald Trump, he’d, Vladimir Putin, Putin, ”, “, Joe Biden, Biden, Kevin McCarthy, Volodymyr Zelensky, Kevin Lamarque, —, Robert Fico, Fico, Ukraine —, Wolfgang Schwan, Rob Bauer, brazenly, Tymofiy Mylovanov, Putin’s Valdai, Mylovanov, Wagner Organizations: CNN, Kremlin, Ukraine, Capitol, White, Pentagon, of, Republican, Trump, European Union, NATO, Russia, Anadolu Agency, Warsaw Security, Royal Netherlands Navy, Committee, Kyiv School of Economics Locations: Ukraine, Ukrainian, Washington, Washington ,, United States, Europe, Slovakia, EU, Russian, Bakhmut, Russia, Siberia, Eastern Siberia, Valdai, West, Brussels, Hroza, Kharkiv, Ukraine’s

☆ You Can Tell Rover He’s a Bad Dog From 3,000 Miles Away
▼ + stars: | 2023-10-07 | by ( Julie Jargon | ) www.wsj.com time to read: 1 min

Millions of households use security cameras on their doorsteps and in their homes to prevent burglaries, monitor packages and keep an eye on the babysitter. People are also using them to catch their pets in the act of mischief—and hound them to behave.

CNN —A band of House Republicans made a historic move this week to punish their own leader, sending the House into chaos by ousting Kevin McCarthy as speaker. For Democrats, the House GOP drama puts them in a wait-and-see mode. Scalise, Jordan make their pitchesBoth Scalise and Jordan have spent the past several days making their pitches to different constituencies in the GOP conference. Democrats waiting on the sidelinesBiden jabbed at House Republicans on Friday while saying he was willing to work with whomever was ultimately elected by the House to be speaker. House Republicans, it’s time for you to do your job,” Biden said at a White House event touting the economy’s better-than-expected job numbers Friday.

Persons: Kevin McCarthy, McCarthy, Donald Trump, Jim Jordan, Steve Scalise, Jordan, McCarthy –, ”, Mark Amodei, Trump, Tom Emmer, Scalise, Emmer, –, there’s, ‘, Patrick McHenry, McHenry, Jordan’s, Trump’s, Still, ” Jordan, CNN’s Manu Raju, he’s, There’s, McCarthy’s, Matt Gaetz, “, we’ve, Garret Graves, Republicans –, Joe Biden, Biden jabbed, ” Biden, let’s, Hakeem Jeffries, Biden, Jeffries Organizations: CNN, House Republicans, Capitol, Fox News, Jordan, Republicans, Republican, Ukraine, Nevada Republican, Ohio Republican, GOP, Trump, Florida Republican, ”, Democratic, Conservative, Democrats, White, Biden, Washington, ’ Locations: Washington, Scalise, Nevada, Ukraine, ”, Louisiana

☆ The student-loan payment restart is about to put pressure on an already-fragile economy
▼ + stars: | 2023-10-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The resumption of student-loan payments is expected to add further strain. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy has thrived over the past three years, since the initial shock of COVID-19 gave way to a rapid recovery. Here's what banks and economists are saying about the impact of the student-loan payment resumption on the economy. AdvertisementAdvertisementWhat will happen to the economy with the student-loan payment restartIt's difficult to predict how exactly the economy will respond to a surge of borrowers facing student-loan payments again — and it depends on a number of factors.

Persons: —, Marshall Steinbaum —, University of Utah —, Jerome Powell, Wells Fargo, Goldman Sachs, Jeff Gennette, Michael Fiddelke, Jefferies, Education James Kvaal Organizations: Service, Family Institute, University of Utah, Education Department, Federal, United Auto Workers, Bank of America, Education Locations: Helena

☆ Lack of House Speaker Could Complicate Israel Assistance
▼ + stars: | 2023-10-07 | by ( ) www.wsj.com time to read: 1 min

A senior administration official said that the recent dysfunction in Congress, including the vacant speakership, had been the topic of discussion at the White House with regard to options for assisting Israel. “Without a speaker of the House, that is a unique situation we're gonna have to work through,” the official said while noting there was also a role for the Senate to play should emergency assistance for Israel be needed. The Biden administration’s nominee for Ambassador to Israel, Jacob Lew, has yet to be confirmed by the Senate.

Persons: Israel, Biden, Jacob Lew Organizations: White, Senate Locations: Israel

☆ UK house prices fall by most since 2009 in 12 months to Sept-Halifax
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Carl Recine/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - British house prices fell at the fastest pace since 2009 over the 12 months to September, data from mortgage lending Halifax showed on Friday, echoing other measures of the housing market which have slowed after a jump in interest rates. Halifax said house prices were 4.7% lower last month than in September 2022, compared with a 4.5% annual fall in August. Prices fell by 0.4% in September from August, a less severe monthly drop than August's 1.8% slide. Rival lender Nationwide said on Monday its measure of house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, although prices were unchanged in monthly terms. The fall in house prices so far remains much less marked than the climb during the coronavirus pandemic which lasted into last year.

Persons: Carl Recine, Kim Kinnaird, William Schomberg, Sarah Young Organizations: REUTERS, Halifax, Bank of England, Nationwide, Thomson Locations: Liverpool , Merseyside, Britain, Halifax

☆ Moderate US job growth slowdown expected in September
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.

Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts

Previously, Democratic governors who had backed school choice measures had done so in compromise deals with Republican-controlled legislatures. Vouchers have long been viewed in stark partisan terms: Democrats and public school allies say they drain critical resources from public schools. Republicans and school choice advocates say they give freedom to families who may not like their local public schools. That had motivated public school advocates and Democrats to demand billions more for the poorest public schools, a quest that Shapiro has said he supports. Those fluent in the history of school vouchers could think of no other Democratic governor who had embraced them.

Persons: Josh Shapiro —, Shapiro, ”, Robert Enlow, ’ ”, Matthew Brouillette, Christopher Borick, Jeffrey Yass, Jeff Yass, Charlie Gerow, ” Shapiro, Joshua Cowen, Peter Schweyer, —, recriminations, “ cowering, Shapiro shrugged, we've, Marc Levy Organizations: —, Republican, Pennsylvania, Democratic, Republicans, Roman Catholic, Muhlenberg College Institute of Public, GOP, Fox News, Michigan State University, Republican Party, Senate Republicans, Lehigh . Teachers, AFSCME, SEIU, AFL, House Democratic, Wall Street Locations: HARRISBURG, Pa, Indianapolis, Pennsylvania, statehouses, Yass, Milwaukee, Wisconsin, “, Philadelphia

☆ Trump endorses Jordan as he injects himself into House chaos
▼ + stars: | 2023-10-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The ex-president dived into the mayhem following the ouster of House Speaker Kevin McCarthy, characteristically seeking to cast himself as kingmaker and to steal the spotlight for himself. Then Trump teased the possibility that he could even step in as speaker himself on an interim basis. But the ex-president’s biggest bombshell was still to come – shortly after midnight, he endorsed Judiciary Chairman Jim Jordan for the job. Jordan, who is running against Republican House Majority leader Steve Scalise of Louisiana for the top job, would likely augur a new period of fierce combat with the White House if he wins the speakership. He has opposed the US lifeline of arms and ammunition to Ukraine, and a Republican House majority led by Jordan would likely increase the chances of a government shutdown next month in a showdown over spending with Democrats.

Persons: –, Donald Trump, Kevin McCarthy, Trump, Jim Jordan, “, ” Trump, Joe Biden, Jordan, Steve Scalise, Scalise, McCarthy, ”, ” William Cohen, Bill Clinton, CNN’s Anderson Cooper, McCarthy –, Matt Gaetz, Nancy Pelosi, Steny Hoyer, it’s, ” Rep, Dusty Johnson, ” Johnson, Biden, Volodymyr Zelensky, Matt Rosendale, Rosendale, Jim Sciutto, CNN Max, Vladimir Putin Organizations: CNN, Republican, Trump White House, Capitol, Ohio Republican, Trump, Republicans, Washington, GOP, Democratic, White, ABC News, Biden, ”, CNN News Central, Ukraine Locations: Washington, Louisiana, Ukraine, Jordan, bankrolling, Russia, Maine, Florida, California, South Dakota, Southern, Matt Rosendale of Montana, Russian

He is charged with illegal campaign financing, embezzling, passive corruption and related counts. Investigators examined claims that Gadhafi’s government secretly gave Sarkozy 50 million euros for his winning 2007 campaign. The sum would be more than double the legal campaign funding limit at the time and would violate French rules against foreign campaign financing. After becoming president in 2007, Sarkozy welcomed Gadhafi to France with high honors later that year. In an unrelated case, Sarkozy was sentenced to a year of house arrest for illegal campaign financing of his unsuccessful 2012 reelection bid.

Persons: Nicolas Sarkozy, Sarkozy, ”, Moammar Gadhafi, Ziad Takieddine, Takieddine, Gadhafi, Gadhafi’s Organizations: PARIS, Sarkozy, NATO Locations: Libya, Lebanese, France

☆ Republicans are asking their Twitter followers to help them decide who should replace Kevin McCarthy
▼ + stars: | 2023-10-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

House Republicans are set to choose a new speaker next Wednesday, and it's unclear who that will be. Some of them have apparently turned to Twitter to help their decision-making — or to make a point. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As House Republicans try to settle on a candidate to take the reigns after Kevin McCarthy's sudden defenestration this week, some of them are polling their Twitter followers on who they'd like to see in the top job. "That said, who would you like to see as the next Speaker of the House?," wrote LaLota.

Persons: —, Kevin McCarthy's, Marjorie Taylor Greene, Donald Trump, Jim Jordan of, Steve Scalise, Marjorie Taylor Greene 🇺🇸 ( Organizations: Republicans, Twitter, Republican, Service, Trump, — Locations: Marjorie Taylor Greene of Georgia, Jim Jordan of Ohio, Jordan

☆ Strong U.S. Job Growth Shows Economy Is Defying Challenges
▼ + stars: | 2023-10-06 | by ( Talmon Joseph Smith | More About Talmon Joseph Smith | ) www.nytimes.com time to read: 1 min

In a sign of continued economic stamina, American payrolls grew by 336,000 in September on a seasonally adjusted basis, the Labor Department said on Friday. The increase, almost double what economists had forecast, confirmed the labor market’s vitality and the overall hardiness of an economy facing challenges from a variety of forces. It was the 33rd consecutive month of job growth, and the increase was the biggest since January. The unemployment rate, based on a survey of households, was steady at 3.8 percent. It has been below 4 percent for nearly two years, a stretch not achieved since the late 1960s.

Persons: payrolls Organizations: Labor Department

☆ US job growth sizzles; wage inflation cooling
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The report followed news this week that job openings jumped in August and first-time applications for unemployment benefits remained low in September. "Moreover, it underscores that they will be in no hurry to cut rates - higher rates for longer." The economy needs to create roughly 100,000 per month to keep up with growth in the working-age population. Monthly wage growth also remained moderate, with average hourly earnings rising 0.2% after a similar gain in August. But as fewer people quit their jobs in search of greener pastures, wage growth could moderate, though recent hefty union contracts pose a risk.

Persons: Elizabeth Frantz, Kathy Bostjancic, Lucia Mutikani, Andrea Ricci, Chizu Organizations: REUTERS, Federal Reserve, Labor Department, Financial, Treasury, Nationwide, Reuters, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Manufacturing, Labor, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, payrolls, Washington .

The House speaker election is days away after Kevin McCarthy’s historic ouster that has left the chamber in need of a successor. Two candidates have formally announced their bid for the speakership – House Majority Leader Steve Scalise of Louisiana and Rep. Jim Jordan of Ohio. House Republicans are set to hold their own candidate forum behind closed doors on Tuesday before holding an internal election and chamber-wide vote in the following days. “No candidate for Speaker is likely to receive 96 percent of the Republican Conference vote required by this new precedent,” Rep. Tom McClintock of California said in a statement. But the California Republican made clear after the vote to boot him from the role that he wouldn’t run for speaker again.

Persons: Kevin McCarthy’s, Steve Scalise, Jim Jordan of, they’re, Jordan, MAGA, McCarthy, Biden, Scalise, “, ” Jordan, Donald Trump, who’s, Kevin Hern, Tom McClintock, Kevin McCarthy, hadn’t, Carlos Gimenez of, ” Gimenez, Mitch McConnell Organizations: Republican, Fox News, Capitol, House Republicans, Republican Conference, California Republican, “ Locations: Louisiana, Jim Jordan of Ohio, Oklahoma, California, –

☆ Opinion: McCarthy’s downfall offers a clear lesson for Republicans
▼ + stars: | 2023-10-06 | by ( Stuart Ross | Opinion Geoff Duncan | ) edition.cnn.com time to read: +6 min

CNN —As the dust settles on the tenure of former House Speaker Kevin McCarthy, there are lessons the Republican Party should learn. As the Republican caucus considers its next steps, they must choose a leader whose stewardship signals a clear break from the past. Here are the ways that Trump triggered the events that fueled McCarthy’s downfall. In 2022, Republican Senate candidate Herschel Walker, a former football star whose controversial candidacy was fueled by his connection to the former president, met the same fate. Fast forward less than a year and Trump was nowhere to be found when McCarthy’s fate as speaker hung in the balance.

Persons: Geoff Duncan, Kevin McCarthy, Geoff Duncan Geoff Duncan, Donald Trump’s, Trump, Jim Jordan of, That’s, McCarthy, MAGA, Matt Gaetz, Republican Sens, David Perdue, Kelly Loeffler, Herschel Walker, Vance of Ohio —, Gaetz, Marjorie Taylor Greene, speakership, Joe Biden, “ Organizations: CNN, GOP, America’s Conservative Party, Republican Party, Republican, Trump, Republicans, Senate, ” Voters, Democratic, Trump - Locations: Jim Jordan of Ohio, Florida, Georgia, Arizona , New Hampshire , Ohio, Pennsylvania, Washington ,

☆ Trump doesn't have enough clout on Capitol Hill to make Jim Jordan the House speaker
▼ + stars: | 2023-10-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Trump endorsed Jim Jordan for speaker of the House — but it won't be enough to get him the job. AdvertisementAdvertisementThe race to succeed former House Speaker Kevin McCarthy is on, and Rep. Jim Jordan just scored what may be the best outside endorsement a Republican could get — former President Donald Trump. Since Trump endorsed the Ohio Republican on Thursday evening, several House conservatives have done just that. Just ask former Rep. Liz Cheney, or any of the other House Republicans who voted to impeach Trump and were primaried out of a job. Trump doesn't have as much sway on Capitol Hill as you thinkThis may come as a surprise, but Republicans on Capitol Hill — even those that support his 2024 candidacy — ignore Trump all the time.

Persons: Trump, Jim Jordan, —, Kevin McCarthy, Donald Trump, Jordan, Steve Scalise, Kevin Hern, you've, Republicans who've, Liz Cheney, McCarthy, Matt Gaetz, didn't, he's, Mitch McConnell, McConnell, Sen, Rick Scott of, that's, — Vern Buchanan, Lisa McClain, Chuck Fleischmann of Tennessee, It's, outlast Organizations: Service, Republican, Caucus, Jordan, Trump, Ohio Republican, Republicans, GOP, Capitol, Senate, House Republicans Locations: Ohio, Oklahoma, Florida, Rick Scott of Florida, Lisa McClain of Michigan

The House is set to elect a new speaker in the days ahead, following Kevin McCarthy’s historic ouster and announcement that he would not run again. Even so, a number of House Republicans are expected to jockey for the gavel, teeing up an eventful speaker fight to come. For now, Rep. Patrick McHenry of North Carolina, has stepped into the role of “speaker pro tempore” until a new speaker is elected. House Republicans are expected to meet on Oct. 10 for a candidate forum, setting up a vote the following day. These are the possible candidates for House speaker:Candidates Who Announced a Bid for Speaker:Rep. Steve Scalise, Louisiana Republican:The No.

Persons: Kevin McCarthy’s, McCarthy, Patrick McHenry of, ”, Steve Scalise, Kevin McCarthy that’s, he’s, “, Scalise, Biden, ” Scalise, Jim Jordan, Jordan, Donald Trump, He’s, ” Jordan, Kevin Hern, Elise Stefanik, Trump, Rep, Byron Donalds Organizations: Republicans, Louisiana Republican, Republican, Ohio Republican, Committee, Fox News, Kevin Hern , Oklahoma Republican, Elise Stefanik , New York Republican, GOP, Florida Republican Locations: Patrick McHenry of North Carolina, Louisiana, Ohio, Jordan, Kevin Hern , Oklahoma, Elise Stefanik , New, Florida, Donalds

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

Search resuls for: "of House"

25 mentions found