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☆ Death toll from landslide at Uganda garbage dump rises to 13
▼ + stars: | 2024-08-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

The death toll from a landslide at a vast garbage dump in Uganda’s capital Kampala has risen to 13, police said on Sunday, as rescue personnel continued to dig for survivors. On Saturday, the Kampala Capital City Authority had put the death toll at eight. The landfill site, known as Kiteezi, has served as Kampala’s sole garbage dump for decades and had turned into a big hill. Efforts by the city authority to procure a new landfill site have dragged on for years. In 2017 at least 115 people were killed in Ethiopia, crushed by a landslide at a garbage dump in Addis Ababa.

Persons: ”, Patrick Onyango Organizations: Kampala Capital, Authority, Cross Locations: Uganda’s, Kampala, Uganda, Africa, Ethiopia, Addis Ababa, Mozambique, Maputo

☆ Georgia lawmaker charged with driving under influence after hitting bicycle in bike lane
▼ + stars: | 2024-08-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

ATLANTA — Georgia state Rep. Devan Seabaugh is accused of driving under the influence after authorities say he ran into a bicyclist who was riding in the bike lane of an Atlanta street. Seabaugh faces seven charges, including driving under the influence of alcohol, and driving under the influence of drugs, Atlanta Municipal Court records show. The Cobb County politician was arrested Thursday night in the Grant Park neighborhood of Atlanta by a Georgia State Patrol task force that targets drunken drivers. Seabaugh, a Republican, was elected to the Georgia House in a special election in the summer of 2021, The Atlanta Journal-Constitution reported. Seabaugh faces Democrat challenger Karl Gallegos in the Nov. 5 general election.

Persons: Devan Seabaugh, I’m, ” Seabaugh, Karl Gallegos Organizations: Atlanta Municipal Court, Georgia State Patrol, Atlanta City, Republican, Georgia, Atlanta Locations: ATLANTA — Georgia, Atlanta, Cobb, Grant, Cobb County, Marietta, Kennesaw

☆ Ukraine unleashes large drone attack on Russian airfield as Kyiv's offensive continues
▼ + stars: | 2024-08-09 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Ukrainian drones struck a key military airfield in Russia's Lipetsk region, forcing authorities to declare a state of emergency in another Russian region this week in the face of Kyiv's ongoing cross-border offensive. All are receiving the necessary assistance," Artamonov said in a later Google-translated Telegram update, without detailing the state of those who had suffered injuries. Kursk was still reporting missile danger alerts as of Friday, according to Google-translated Telegram updates from regional Governor Alexei Smirnov, who said the local situation remained "difficult." Moscow has continued its own advances, with a Russian missile hitting a supermarket in the town of Kostiantynivka in the front-line Ukrainian region of Donetsk on Friday. At least 10 people were killed and 35 others were injured as a result, according to Minister of Internal Affairs Ihor Klymenko in a Google-translated Telegram update.

Persons: Ukraine —, Su, Igor Artamonov, Artamonov, Alexei Smirnov, Ihor Organizations: Ukraine's, Staff, Command, Lipetsk, CNBC, Google, Internal Locations: Russian, Kostyantynivka, Donetsk, Ukrainian, Russia's Lipetsk, Lipetsk —, Ukraine, Lipetsk, Kursk, Belgorod, Kyiv, Moscow, Kostiantynivka

☆ As President Milei’s austerity hits hard, jobless Argentines appeal to the patron saint of work
▼ + stars: | 2024-08-08 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

Struggling to feed her family after losing her job as a cleaner earlier this year, 56-year-old Norma Villarreal went to church Wednesday in the hardscrabble outskirts of Buenos Aires and waited in the pre-dawn darkness for over an hour to petition St. Cayetano, the patron saint of bread and work. Throughout decades of political change in Argentina, the annual Aug. 7 pilgrimage to St. Cayetano Sanctuary has served as a potent, and grim, reminder that in Argentina, economic despair remains a constant. But this year might be unique in one thing: The desperation over rising joblessness that drives Argentines to call on St. Cayetano has been matched by rage at the painful austerity program of libertarian President Javier Milei. While Milei has prioritized combating the country’s dizzying inflation rate — which fell in June to 4.2% month on month, the lowest since January 2022. Unemployment has become a growing concern as Milei’s government freezes public works projects and shutters ministries in his campaign to cut down the state.

Persons: Norma Villarreal, Cayetano, ” Villarreal, Javier Milei, Milei, ”, Ana Maria Muñoz, hasn’t, “, I’m, Orlando Ortega, we’ve, Milei’s, Wednesday’s, Manuel Adorni, Rodolfo Aguiar Organizations: Roman Catholic, National Secretariat for Children, Ministry of Human, ” Union, State Workers Association Locations: hardscrabble, Buenos Aires, Naples, Argentina, St

☆ Banks are restricting employees from donating to the Harris-Walz campaign. Here's why.
▼ + stars: | 2024-08-08 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Financial-services firms risk the wrath of the Securities and Exchange Commission if their employees make campaign contributions to state or local officials such as Walz. Donating to the campaign would violate the regulator's "pay-to-play" rule, which keeps firms from trying to sway politicians for favors such as managing their state's pension fund. Those employees are also required to get permission to donate to the Harris-Walz campaign. It is possible to sidestep the pay-to-play rule by donating to PACs or Super PACs that aren't directly tied to the relevant candidate. "The Pay-to-Play Rule, although well-intentioned, imposes unique, unquantifiable costs on individuals by impeding their ability to participate in the political process."

Persons: —, Joe Biden, Kamala Harris, Tim Walz, Walz, Harris, Donald Trump's, Wells, Mike Pence, Pershing, Patricia Crouse, Crouse, aren't, Hester Peirce Organizations: Service, Street, for Responsive, Democrat, Minnesota Gov, Financial, Securities and Exchange Commission, Business, Citigroup, Citi, JPMorgan, Bank of America, Trump, Pershing, SEC, University of New Locations: Wells Fargo, Indiana, Massachusetts, Tallahassee , Florida, University of New Haven

☆ When ICE Agents Use Deadly Force, the Shootings Go Unprosecuted.
▼ + stars: | 2024-08-01 | by ( Lila Hassan | ) www.businessinsider.com time to read: +46 min

AdvertisementYet when and how ICE agents use deadly force has long been shrouded in secrecy. ICE agents shot people in public places, such as traffic intersections and strip-mall parking lots. Yet in over half of the shootings we identified, ICE agents never made an arrest. But Ramos still became one of dozens of people on the receiving end of an ICE agent's deadly force. A significant number of the shootings documented in the logs happened while ICE agents were off-duty or in plain clothes.

Persons: Nemesia Martinez, wouldn't, Martinez, Gabino Ramos Hernandez, Ramos, Ramos wasn't, Soledad Ramos Hernandez, Ramos's, Soledad, Timothy Ivy, Donald Trump, We've, Ramos —, Chuck Wexler, haven't, Genia, Miguel Alvarez, Alvarez, Jake Driskell, Driskell, Phillip Causey, Causey, Laurel Police Department Ramos, gurney, Mario Bass, Bass, Prince William, Bryan Cox, Bradley Epley, Epley, Rueben Coray, Hector Santana, Santana, who'd, Othello Jones, Jones, Johnathan Liddell, Douglas, Ryan Leonard, Joe Biden, García Ramos, it's, they're, he'd, Leo Clemons, Doctors, Clemons, Ramos moans, wasn't, Bailey C, Martin, Prince William County, HSI, Chris Baroni, Ronaldo Gonzalez, Gonzalez, Baroni, Jerry Robinette, General, OPR, Gretta Goodwin, Robinette, doesn't, Goodwin, Tommy Cox, Donald Trump's, reining, Jennifer Chacón, Biden, Timothy Cerniglia, Cerniglia, Hernandez's, hasn't, Business Insider Ramos, He's, Loevy Organizations: Investigations, Business, Customs, Laurel, Facebook, ICE, Immigration, Homeland Security Investigations, New York City Police Department, Los Angeles Police Department, Department of Homeland Security, Police, Research, New, Immigrant Defense, DHS, Border Patrol, Laurel Police Department, Mississippi Bureau of Investigation, Nissan, Ramos, FBI, Justice Department, Denver, Phoenix, Border Protection, Maricopa County Attorney's Office, General's, Department of Justice, Force, Ohio State University Moritz College of Law, Mississippi Bureau of, MBI, Laurel Police, NBC, Sheriff's, ICE's Homeland Security Investigations, Scottsdale police, Howard Center, Investigative Journalism, Arizona State University, Attorney's, Federal Homeland Policy, Maricopa County DA, Firearms, ICE's, Homeland Security, Justice, DHS's Office, Army, Center, New American Security, Congress, Stanford Law School, Ohio State Law, Trump, White, GAO, Service, Biden's, Ohio State, Business Insider, Fund, Journalism Locations: Jackson, Laurel, Laurel , Mississippi, Woodbridge , Virginia, New York, Puebla, Mexico, Mississippi, United States, Arizona, Phoenix, Dumfries , Virginia, Nashville, Denver, arm's, Maricopa, Mesa , Arizona, Maricopa County, Lithia Springs , Georgia, Soledad, Metairie , Louisiana, Jefferson, Virginia, Scottsdale , Arizona, Scottsdale, Chula Vista , California, Washington , DC, Africa, New American, Oaxaca

☆ The D.M.V.’s Lessons on Equality - The New York Times
▼ + stars: | 2024-07-31 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +5 min

Don’t Tell My Friends, But… is a seriesin which we asked Times columnistswhateveryone else is wrong about. (To the credit of those department workers’ good humor, I’ve seen a photo of that sloth posted in my local D.M.V.) I hate the way people hate the D.M.V. But that does not account for why it is cool to hate the D.M.V. We should revel in the fact that there is no express lane for beautiful, rich people to renew their licenses.

Persons: “, I’ve, revel Organizations: Corporations Locations: Target, New Jersey

☆ What to do now that the Fed is signaling lower interest rates
▼ + stars: | 2024-07-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

Given the many ways lower rates can affect your finances, here are some things to consider when deciding what steps to take in response. Here’s how lower rates may affect key areas of your financial life, along with tips on what to do about it. If that proves difficult to get, see if you can transfer your balance to a credit card from a credit union or local bank that offers lower rates than the biggest banks. And because many variables determine what that factor will be, it will be hard to figure out the impact of lower interest rates. His advice: Don’t keep more than six months’ to a year’s worth of living expenses in cash or cash equivalents.

Persons: ”, Greg McBride, ” McBride, “, Chris Diodato, Diodato, you’ll, McBride, ” Dodiato, Collin Martin, don’t Organizations: New, New York CNN, Federal Reserve, Bankrate, Schwab Center, Financial Research, AAA Locations: New York, Schwab.com

☆ Justice Department sues Norfolk Southern, accusing rail company of creating delays for Amtrak passengers
▼ + stars: | 2024-07-30 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +3 min

CNN —The Justice Department said Tuesday it filed a civil lawsuit against Norfolk Southern, alleging the company knowingly created large delays for Amtrak passengers traveling between New York and New Orleans. Norfolk Southern said it has worked with Amtrak and states to expand passenger service and is committed to complying with the law. “Over the past several months with Amtrak, we have focused on the on-time performance of the Crescent passenger train. On another occasion, dispatchers made an Amtrak train wait over an hour while allowing three separate freight trains to pass, officials said. This photo taken with a drone shows the cleanup of portions of a Norfolk Southern freight train that derailed in East Palestine, Ohio, in 2023.

Persons: General Merrick Garland, ”, Tom Crosson, “, Gene J, CNN’s Chris Isidore, Holly Yan Organizations: CNN, The Justice Department, Norfolk, Amtrak, Department, “, Crescent, Norfolk Southern, Justice Department, Environmental Protection Agency, National Transportation Safety Board, NTSB Locations: New York, New Orleans, Washington ,, Norfolk Southern, East Palestine , Ohio, East Palestine

☆ Yields on cash are likely to drop. Put money to work here instead, Janus Henderson says
▼ + stars: | 2024-07-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors who are camped out in cash are nabbing sweet yields, but the clock is ticking on that attractive income. Money market fund assets totaled $6.14 trillion as of the week ended July 24, according to the Investment Company Institute . The largest money market funds are offering an annualized 7-day current yield of 5.12%, per the Crane 100 Money Fund Index. "Investors must also remember that the liquid securities held in money market funds have maturities capped at slightly over a year," he said. While these short-term bonds may be an attractive alternative to hiding out in cash, investors should avoid making them the lion's share of their fixed income holdings.

Persons: Daniel Siluk, Janus Henderson, Matthew Mish, Siluk Organizations: Investment Company Institute, Federal, UBS, SEC, BBB, Treasury Bond ETF

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ These 10 U.S. states are America's least-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

In 2021, Maryland adopted a ten-year Climate Adaptation Resilience Framework aimed at making the state's infrastructure more sustainable by 2030. 2024 Infrastructure Score: 230 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 100% Renewable Energy: 14% 9. 2024 Infrastructure Score: 235 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 54% Renewable Energy: 4% 5. 2024 Infrastructure Score: 246 out of 425 points (Top States Score: B+) Climate Extremes Index: 39.82% Properties at risk: 14% Renewable Energy: 5% 4. 2024 Infrastructure Score: 179 out of 425 points (Top States Grade: D+) Climate Extremes Index: 48.6% Properties at risk: 100% Renewable Energy: 6% 1.

Persons: There's, Jeremy Porter, Maria Lehman, Governor Moore, Sarah L, Voisin, Ming Li, Wes Moore, Baltimore's Francis Scott Key, Kevin Dietsch, Danielle Villasana, Joseph Prezioso, Pennsylvania Al Walker, Audrey, Jeff Swensen, Drew Koch, Zbigniew Bzdak, Aaron Wilson, Joe Biden, Lady Jill Biden, Peter Zay, Winter Storm Lorraine, Anibal Martel, Louisiana Farmer Chad Hanks, Justin Sullivan, John Bel Edwards, Jeff Landry, Lokman Organizations: NOAA National Centers for Environmental, First Street Foundation, U.S, Infrastructure, American Society of Civil Engineers, Companies, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Maryland, Preparedness, Washington Post, University of Maryland Center, Environmental, Gov, Energy, Delaware Contractors, Army Corp of Engineers, Texas, Lone Star State, Climate Center, Georgetown University, The, New, New Hampshire Workers, AFP, Getty, Environmental Protection Agency, University of New, Pennsylvania, Grow, Keystone, Pennsylvania Department of Environmental, Chicago Tribune, The Buckeye State, Mississippi Residents, Anadolu, Connecticut Municipal, Winter, Constitution, Connecticut Department of Public Health, Louisiana, NOAA, Task Force, Republican Gov Locations: U.S, States, , Maryland, Silver, Maryland, Montgomery, Chesapeake, Bethany Beach , Delaware, Delaware, Houston , Texas, , Texas, The Texas, New Hampshire, Nashua , New Hampshire, University of New Hampshire, Grow Pittsburgh, Braddock , Pennsylvania, Pittsburgh, Midwest, Ohio, Sandusky, Lake Erie, Erie, Mississippi, Rolling, United States, Connecticut, Hartford Area , Connecticut, Kaplan , Louisiana, Louisiana, Jersey, Lodi , New Jersey

It sounded like a story ripped from a narco thriller: One of the biggest drug lords in Mexico was lured onto an airplane, flown across the border and presented to American federal agents by the son of his former partner in crime. As improbable as it may seem, that is exactly what appears to have happened on Thursday evening, when a Beechcraft King Air turboprop landed at a small municipal airport outside El Paso, and off stepped one of the most wanted men in Mexico: Ismael Zambada García, a founder of the notorious Sinaloa drug cartel. Mr. Zambada García, known as El Mayo, had for decades evaded capture by both Mexican and American officials, living a life of luxurious simplicity in the mountains of Sinaloa — despite the $15 million U.S. bounty on his head. But in the end, U.S. officials said, he was betrayed by an unlikely foe: a son of his closest criminal ally, Joaquín Guzmán Loera, the infamous drug lord known as El Chapo, who is now serving a life sentence in an American federal prison.

Persons: Ismael Zambada García, Zambada García, Sinaloa —, Joaquín Guzmán Loera, El Chapo Organizations: Beechcraft King Air Locations: Mexico, El Paso, Sinaloa, El Mayo, U.S

☆ France’s forgotten athletes: As the world tunes in to the Olympics, many of Paris’ poorer suburbs see little benefit
▼ + stars: | 2024-07-24 | by ( Emily Blumenthal | ) edition.cnn.com time to read: +13 min

But if you walk a short distance away from the sparkling Stade de France, which is about six miles from downtown Paris, you’ll find a very different world. The Stade de France will host track and field events and Rugby sevens game during the Paris 2024 Olympic Games. Geoffroy Van Der Hasselt/AFP/Getty ImagesWorkers prepare an information board outside Stade de France in Saint Denis on July 3. Investment fueled by the Olympics has poured into Seine-Saint-Denis to fund improved public transit, more green spaces and better-quality housing, Troussel said. Funding for track and field facilities is entirely dependent on local governments.

Persons: you’ll, Denis, Geoffroy Van Der, Pierre Crom, Stéphane Troussel, Troussel, –, Denis –, “, “ It’s, ” Stéphane, Annette Kellermann, Emmanuel Macron, Laurence Baillargeau, Kylian Mbappé, Baillargeau, ” Baillargeau, ” Troussel, There’s, Denis Émotion, ”, Sandra Ribeiro, Ribeiro, ” Ribeiro, CSME Athlétisme, Cedric Jacqué, Anna Viallard, Athlétisme, Ville, Viallard, Mallory Leconte, Mallory Leconte “, ” Leconte, ‘, ” Viallard, doesn’t, Mbappé, Baptiste Fernandez, Ait, Mouffok Organizations: CNN, Stade de France, Paris Olympics, Games, ” Regional, Olympics, Rugby, Getty Images Workers, Paris, Denis Departmental Council, Investment, Greater, Local, Real Madrid soccer, AS Bondy, Saint, Bois, CNN Sport, Parc Municipal des Sports, FFA, Team France, team, AS Bondy can’t Locations: Paris, France, Saint, Geoffroy Van Der Hasselt, AFP, Saint Denis, Seine, – Paris, Greater Paris, Île, La Courneuve, Bondy –, Montreuil, Portugal, Beijing, Aulnay, Perfe, Bondy, Épinay, Parc, Tenerife, Stade, €, CA Sevran, Ait Mouffok, CSME, London

☆ A self-declared 'free citizen' flying an unlicensed plane almost caused a midair crash, feds say
▼ + stars: | 2024-07-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA pilot calling himself a "free citizen" is accused of almost causing a midair crash after taking off in the direction of landing planes, federal investigators say. The federal indictment said that Marsan pointed his Piper Cherokee against the flow of landing air traffic. Statements like this are hallmarks of the Sovereign Citizen movement, according to the Anti-Defamation League, although the indictment has not identified him as such. In court, Marsan said that he didn't consider himself the defendant, according to the Anchorage Daily News.

Persons: —, William Brian Marsan, Warren, Bud, Marsan, Piper, didn't, commenter Organizations: Service, FAA, Palmer, Airport, Business, Sovereign Citizen, Defamation League, Southern Poverty Law, Anchorage Daily News, Sound Aviation, Anchorage . Locations: Palmer , Alaska, Anchorage

☆ The Senate has a new plan to ban congressional stock trading. Here's what's in it.
▼ + stars: | 2024-07-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewOn Wednesday, a key Senate panel approved a bill that would ban lawmakers from trading stocks. The Senate Homeland Security and Government Affairs Committee approved the legislation — known as the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act — by an 8-4 vote. AdvertisementPolling has shown for years that the idea of banning lawmakers from trading stocks in broadly popular among members of both parties. This is the most significant progress on a stock trading ban in yearsThe last time either chamber got close to passing a stock trading ban was in September 2022, when House Democrats proposed a sweeping bill that included a major loophole and had little time to be vetted by members. Many saw the effort as a sham designed to appease those who had been pushing for a stock trading ban.

Persons: —, Republican Sens, Rand Paul of Kentucky, Ron Johnson of, Mitt Romney, James Lankford, Democratic Sen, Jeff Merkley, they've, There's, Merkley, Jon Ossoff, Josh Hawley, Missouri —, Gary Peters of, Wednesday's, Chuck Schumer Organizations: Service, Senate Homeland Security, Government, Committee, Holdings, Congressional, Republican, Business, Democratic, Treasury, House Democrats, Gary Peters of Michigan Locations: Ron Johnson of Wisconsin, Utah, Oklahoma, Oregon, Georgia, Missouri

☆ Pennsylvania state police commissioner reveals stunning details about Trump shooting
▼ + stars: | 2024-07-23 | by ( Holmes Lybrand | Hannah Rabinowitz | ) edition.cnn.com time to read: +5 min

CNN —A local law enforcement commissioner revealed during a House Homeland Security hearing on Tuesday stunning new details about the security failures that led to the near assassination of Donald Trump, raising more questions for the embattled US Secret Service. Paris told lawmakers about the communications between the Secret Service and local law enforcement who initially spotted Thomas Matthew Crooks, the would-be assassin. “That is my understanding,” Paris said, adding that the officers went searching with other local officers in the area. State Police then received a call and a text from the ESU about Crooks’ activity that they immediately relayed to Secret Service. State Police “verbally turned right around and gave it to the Secret Service,” Paris said.

Persons: Donald Trump, Christopher Paris ’, Kimberly Cheatle, Thomas Matthew Crooks, Crooks, Paris, Dan Bishop of, ” Paris, ” Bishop, “, ”, –, Dan Goldman, Trump, State Police “ Organizations: CNN, Homeland, Secret Service . Pennsylvania State Police, Paris, Secret Service, Trump, Crooks, Emergency Services Unit, ESU, Republican, ”, New, New York Democrat, Service, ” Communications, Crooks . State Police, Local, State Police, Secret Locations: Pennsylvania, Butler, Dan Bishop of North Carolina, Paris, New York, “

☆ The housing market is close to a rare buying opportunity with prices set to drop in pandemic boom towns, analyst says
▼ + stars: | 2024-07-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewProspective homebuyers may be better off staying on the sidelines: the housing market is on its way to a rare buying opportunity, with steep home price declines bound for key areas of the real-estate market in the coming years, according to one analyst. That's an additional ingredient on the top, which just makes it more likely that prices fall," Gerli told BI. AdvertisementThe situation in the South's housing market also bears some similarities to previous housing bubbles, Gerli noted. In key boom towns, home prices have shot up 50%-70% since the pandemic, though incomes have only risen 10%-20%, he said, citing municipal data. It'll take a long time for housing to become more affordable overall, given how overvalued the market is, Gerli said.

Persons: —, Nick Gerli, Gerli, Freddie Mac, That's, Southern homebuilders, we've, it's, Redfin, Homebuyers, It's Organizations: Service, Business, National Association of Realtors, Builders Locations: Florida, Southern, Texas

☆ The housing market is close to a rare buying opportunity as prices are set to drop in pandemic boom towns, analyst says
▼ + stars: | 2024-07-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

A key question after an assassination attempt on former President Donald J. Trump a week ago is why the Secret Service excluded from its secured zone a nearby warehouse the gunman used for his assault. But another possible flaw in the Secret Service’s plans for the campaign rally at the farm show grounds in Butler, Pa., is emerging. The protection agency expected the sizable contingent of officers from local law enforcement agencies to contain any threats outside of the secured zone but assigned almost all those officers to work inside it, according to numerous interviews with local law enforcement and municipal officials. More specifically, the local law enforcement officials say that none of them were assigned to safeguard the complex of warehouses just north of the farm show grounds. The gunman was able to use the roof of the warehouse closest to the stage — about 450 feet from the podium — from which to shoot.

Persons: Donald J, Trump Organizations: Service, Pennsylvania State Police, Police Department, Butler County Sheriff, Pittsburgh, of Police Locations: Butler, Pa, Butler County

☆ China economy: Key meeting offers few clues on how to tackle worsening downturn
▼ + stars: | 2024-07-19 | by ( Laura He | ) edition.cnn.com time to read: +8 min

While it offered few clues on how to tackle economic difficulties, the meeting did provide further insight into a shake-up of high-level personnel over the past year. If past sessions are a guide, a more detailed report may be released in the following days, but for now, “the plenum communique is light on specifics,” Evans-Pritchard added. That came days after China released disappointing economic data for the second quarter of this year. Analysts say that the coming months could offer more details on how Xi plans to revive the economy. Emphasizing short-term economic policies is rare in the history of the third plenums, said Larry Hu, chief China economist for Macquarie Group.

Persons: Hong Kong CNN — China’s, Xi Jinping, Xi, ”, Julian Evans, Pritchard, Qin, Li Shangfu, Li Yuchao, Jinming, Evans, “, ” Evans, Mao, Larry Hu Organizations: Hong Kong CNN, Communist Party, Capital Economics, Central, Defense, Liberation Army Rocket Force, of America, National Bureau, Statistics, Analysts, Macquarie Group Locations: Hong Kong, party’s, Beijing, China, policymaking, outflows, United States, Mao China

☆ Sheila Jackson Lee, long-serving Democratic congresswoman and advocate for Black Americans, dies at 74
▼ + stars: | 2024-07-19 | by ( Michelle Shen | ) edition.cnn.com time to read: +7 min

CNN —Sheila Jackson Lee, a longtime Democratic congresswoman from Texas who was an outspoken advocate for Black Americans for decades, has died. Jackson Lee announced in June that she had been diagnosed with pancreatic cancer. Brett Coomer/Houston Chronicle via Getty ImagesDuring her congressional tenure, Jackson Lee was an outspoken advocate for progressive interests and Black Americans. “Congresswoman Jackson Lee was a patriot and a fighter to the very end. She will be deeply missed by all who knew her,” Congressional Black Caucus Chairman Steven Horsford and members of the Congressional Black Caucus said in a statement following her death.

Persons: Sheila Jackson Lee, ”, Jackson Lee, ’, Elwyn Lees, Brett Coomer, Donald Trump, Trump, George Floyd’s, “, ” Jackson Lee, Steven Horsford, Jackson Lee’s, –, Lee, Nancy Pelosi, Bill Clinton, Hillary Clinton, Lina Hidalgo, Sen, John Whitmire, Amanda Edwards, Hakeem Jeffries, Houston “, ” Jeffries, Chuck Schumer, Jamie Raskin, “ Laura Coates, Al Green, Bebe Organizations: CNN, Democratic, Black, “, United States, Congressional, of, Yale University, Texas, Congressional District, Houston, Getty, House Democrats, Congressional Progressive Caucus, Congressional Black Caucus, Congressional Black, Enron, The New York Times, Congressional Black Caucus Foundation, Houston City, Democrats, Congressional Black Caucus and House Democratic Caucus, Texas Rep, State of, Huffington Locations: Texas, of Texas, Queens , New York, Houston, Iraq, House, Washington, Harris, America, State

☆ Global tech outage hits financial services companies, including Charles Schwab
▼ + stars: | 2024-07-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Amid a widespread global IT outage, some investors were experiencing disruptions on Friday at financial services companies, including Charles Schwab , one of the country's largest brokerage firms. The issues stem from a faulty software update from cybersecurity company CrowdStrike, which affected businesses worldwide, including airlines, banks and media outlets. CrowdStrike CEO George Kurtz said the company is "actively working with customers impacted by a defect found in a single content update for Windows hosts." A banner across Charles Schwab's website said "certain online functionality may be intermittently slow or unavailable," noting that phone services may be disrupted with "longer than usual hold time." Charles Schwab did not immediately respond to CNBC's request for comment.

Persons: Charles Schwab, George Kurtz, Charles Schwab's Organizations: Windows, Finance, Education Department

☆ Spanish town to fine tourists for hogging beach spots
▼ + stars: | 2024-07-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +1 min

CNN —While tourists in Barcelona risk being squirted with water pistols, those in the town of Calpe on Spain’s Mediterranean coast face another threat: a hefty fine for reserving space on the beach for themselves. Those who do not comply with this rule face being reported, their belongings being removed and fines of €250 euros (around $270). Chairs, hammocks and umbrellas that are left unattended for more than three hours during the day may be removed, the council said. In May, there were further crackdowns on party boats and public drinking on the islands of Ibiza and Mallorca. And in April, locals in the Canary Islands protested against excessive tourism, blaming visitors for pricing them out of their homes and causing environmental damage.

Persons: beachgoers Organizations: CNN, – Locations: Barcelona, Calpe, Benidorm, Spain, Ibiza, Mallorca, Canary

The fleet of 500 vehicles operating in the city belongs to Apollo Go, a unit of Chinese tech giant Baidu (BIDU). There have also been complaints from residents in Wuhan about traffic jams, as driverless cars fail to respond to traffic lights. Uncertainty over the safety and reliability of driverless cars has cast a long shadow over the industry in the US. Last week, authorities in Shanghai’s Pudong New Area started handing out licenses to driverless car operators, including Apollo Go and Alibaba-backed AutoX, according to state media China Daily. California-based startup Pony.ai, backed by Toyota and Saudi Arabia, was also given the green light to test driverless vehicles in the financial hub.

Persons: You’ll, ” Tu Le, robotaxi, Apollo Go’s, Apollo, Waymo, Elon Musk, Go Organizations: Hong Kong CNN —, Weibo, Baidu, Global Times, Sino, CNN, National Bureau of Statistics, Apollo Go, United, GM, Department of Justice, McKinsey, Pudong New Area, Toyota, Beijing Municipal Bureau of, Information Technology, People’s Daily Locations: China, Hong Kong, Wuhan, Weibo, United States, United Arab Emirates, California, Beijing, Shenzhen, Pudong, . California, Saudi Arabia, Bao’an district, People’s

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