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“I know the story of my neighborhood town, and I know the plight that a lot of these people escaped. But I just wanted to set the record straight.”Bartolotta isn’t alone among Republicans fighting these narratives. They’ve pushed for the rhetoric to be toned down as the city deals with a series of bomb threat hoaxes at local schools. Springfield, Ohio, has found itself thrust into the national spotlight over lies about Haitian immigrants. Focus on the major issues that affect everybody.”In Springfield, Rue said he never could have foreseen this attention from the top of his party’s presidential ticket when he won his mayoral election in November.

Persons: Bartolotta, Donald Trump, Trump, Kamala Harris ”, ”, “, ” “, Rob Rue, Melanie Flax Wilt, Sen, JD Vance, Republicans haven’t, Vance, they’ve, They’ve, “ We’ve, ” Rue, Rich, Joseph Facun, ” Trump, Wilt, Rue, he’s, ” Laura Rosenberger, Flax Wilt, you’re, Mike DeWine, DeWine, ‘, ” Bartolotta, ” Sean Logue, Logue, Brian Hughes, Joe Manning, ” Manning, I’m, we’ve, “ I’m Organizations: Republican, Facebook, NBC News, Commission, Republicans, Democratic, Charleroi —, GOP, Springfield, Trump, Washington, Dayton ., NBC News Local, Clark County Republican Party, Ohio Gov, New York Times, Washington County GOP, Pittsburgh Post, Gazette Locations: Pennsylvania, America, Charleroi, ”, Springfield , Ohio, Clark, R, Ohio, Springfield, Arizona , Georgia, Washington County , Pennsylvania, Clark County , Ohio, Pittsburgh . Springfield, Columbus, Dayton, Clark County, Bartolotta, Butler , Pennsylvania, Western Pennsylvania, Mexico, Washington County, “

Stefany Serna, 30s, Miami, Florida Working in Miami's high-end restaurants where she has developed a strong reputation among patrons. Thanks to an informal connection to her landlord, the costs for the home she shares with her partner are below market prices. Serna said Miami Springs, a small upper-middle-class city just north of Miami International Airport, is a place where everyone more or less knows each other. According to Zillow, the average market rent for such a two-bedroom in Miami Springs is $2,800. “But I’m afraid I won’t be able to stay here because I can’t afford it in the long run.”

Persons: Stefany Serna, Serna, ” Serna, she’d, ’ ” Serna, Zillow, “ It’s, ”, “ Organizations: NBC, Dade, Cuban, Miami International Airport, U.S ., Miami, ” Management Locations: Miami, Florida, Coral Gables, Miami Springs, U.S, East Coast, ”

☆ This US man failed Spanish in school. Now he’s running a language school in Spain
▼ + stars: | 2024-09-22 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +11 min

Ted Purdom, from San Anselmo, California, graduated in 2011 with a bachelor’s degree in English and enrolled in an overseas language program, aiming to learn Spanish. He ended up in Mallorca, the capital of the Balearic islands off the east coast of Spain, for the nine-month program. A friend told him about another program that placed American “language coaches” in Spain, called “Auxiliares de Conversación,” (conversation assistants), run by the Spanish Ministry of Education. So that November he opened The Bridge English Academy in Manacor, converting a former wine store into classrooms to give English language courses to locals. Then there’s the fact that the islanders’ first language isn’t Spanish, but Mallorquin, a dialect of Catalan.

Persons: he’d, Ted Purdom, ”, Purdom, –, “, – Lluïsa, Apollonia, Neme Jimenez, iStock, ” Purdom, Llombards, Dennis Fischer Organizations: CNN, University of Oregon, Spanish Ministry of Education, Mallorca, English Academy, San Francisco Bay Area Locations: California, Mallorca, San Anselmo , California, Balearic, Spain, Spanish, Oviedo, Asturias, Mallorca’s, Palma, Manacor, American, kickstarting, San Francisco Bay, Francisco, Bay

☆ A California Gen Xer who retired early to Colombia on a $3,423 monthly pension explains how much he pays for housing and other bills
▼ + stars: | 2024-09-22 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

Read previewTo Jeremy Teitelbaum, the weather in Pereira, Colombia, feels like "eternal spring." According to documents reviewed by Business Insider, he lives on his $3,423 monthly teaching pension. According to the Social Security Administration, over 700,000 US workers retired abroad in 2022, the latest available data. This trend comes as millions of baby boomers are living on fixed Social Security or pension incomes with limited savings. Once he begins collecting Social Security, Teitelbaum said his teaching pension will be reduced.

Persons: —, Jeremy Teitelbaum, Teitelbaum, Teitelbaum hasn't, Pereira — Organizations: Service, Business, International, Social Security Administration, Security Locations: Pereira, Colombia, San Luis Obispo , California, America, Texas, Panama , California, Italy, Minnesota, Mexico, California, Machu Picchu, Buenos Aires, Los Angeles

☆ Why housing affordability could be a key issue for swing state voters in November, according to Redfin
▼ + stars: | 2024-09-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The report says median asking rents in swing states have shot up almost 24% since 2020, with especially big increases in key states like Michigan. As rent prices have climbed, housing affordability remains stretched. AdvertisementThat's a $10,365 difference, meaning renters in swing states earn 17% less than they need to afford the typical apartment. "America's swing state voters will decide the outcome of the next presidential election based on the candidates' plans for tackling key issues including the housing affordability crisis," Fairweather said. In July, Redfin found the median monthly housing payment in swing states has nearly doubled in the last four years, rising by 92% to reach a record high of $2,161.

Persons: —, Redfin, Daryl Fairweather, Donald Trump, Kamala Harris, Harris, Trump, Fairweather Organizations: Service, Business, Midwest Locations: Michigan, Arizona , Nevada , Wisconsin , Michigan, Pennsylvania, Georgia, North Carolina, Arizona

☆ My children are having a better, more fun childhood than I did. I think I'm jealous.
▼ + stars: | 2024-09-22 | by ( Joe Harless | ) www.businessinsider.com time to read: +5 min

Read previewA recent sleepover made me consider how different my childhood was compared to my children's. While my sleepovers were better than theirs, their experiences in other areas of their childhood seem much better. And while I'm happy they get to have those experiences, I'm also starting to get a little jealous. They don't have to spend hours at church like I didOf all the shared life experiences, church activity makes me the most envious. And it's nice to think that someday in the future, my oldest will be hesitant to let his kid mow the lawn, too.

Persons: —, Sleepovers, I'm, Trunchbull, I'd, they've, Zelda, That's Organizations: Service, Business, Disney, Methodist Locations: West Virginia, Orlando, Chattanooga, Asheville, North Carolina, Breckenridge

☆ What the top 2024 election issues are for these young voters
▼ + stars: | 2024-09-22 | by ( Elise Hammond | Shania Shelton | ) edition.cnn.com time to read: +19 min

Along with the economy, young voters also name abortion, immigration, foreign policy, climate and gun control as other priorities. A recent GenForward survey conducted by the University of Chicago supports what dozens of young voters told CNN. Foreign policyAmerica’s position on the world stage is also top of mind for young voters. The Israel-Hamas war has proved to be a key sticking point for progressive and young voters, as well as Arab American and Muslim communities. Regardless of what issues are galvanizing young voters to head to the polls, many say they think their turnout in November will surprise some people.

Persons: N’Dea Gordon, ” Gordon, Gordon, who’ve, ”, Donald Trump, Kamala Harris –, they’ve, Logan Paul, Adin Ross, Harris, Vivek Rallabandi, Joe Biden, “ I’m, I’m, ” Rallabandi, Trump, Rallabandi, he’s, “, hasn’t, she’s, Vivek, Darius Diggs, Biden, Diggs, –, Darius Dupri Diggs, Darius Dupri Diggs Chaim Birzen, Birzen, “ That’s, Tyler Sands, Beyton Owens, Finn Gaensler, Finn, “ It’s, ” Gaensler, Roe, Wade, Ava Pallotta, Pallotta, Gen, Erin Clark, Kalkowski, Katelyn, Sebastien Ostertag, Sebastien Ostertag That’s, Ostertag, we’re, Jacob Telenko, ” Telenko, Jean Kojali, ” Kojali, Harris doesn’t, Harris ’, Noe Nunez, Nunez, ” Nunez, “ it’s, Jed Lyons, Joseph Yang, Yang, Joseph Yang “, “ We’re, CNN’s Kate Sullivan, Dana Elobaid Organizations: CNN, Western Governors University, University of Chicago, Trump, Federal Reserve, White, Republican, Marquette Law School, Senate, Trump’s, Harvard University, Boston Globe, Young, America, Democratic, US, Republican Party, Immigration, state’s Young Republican, United States Postal Service Locations: Columbus , Ohio, Pennsylvania, Rockland County , New York, America, Montana, California, Idaho, Santa Cruz , California, “, Port Chester , New York, Chapel Hill , North Carolina, Dearborn , Michigan, Israel, Gaza, Ukraine, Henderson , Nevada, United States, Cobb County , Georgia, Mexico, Zebulon , North Carolina, Mexican American, Gilbert , Arizona, Phoenix, Korean, Chandler , Arizona

☆ How promises of a ‘post-Roe future’ have fallen short
▼ + stars: | 2024-09-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +17 min

Few address child care, for infants or beyond. Since Dobbs, seven states have had ballot initiatives on the topic, with the abortion rights position winning in each state. In November, at least 10 more initiatives aimed at restoring or protecting abortion rights will be in front of voters across the country. But Brahm has also rallied an array of political, faith, academic, medical and advocacy leaders into a coalition called “Building a Post-Roe Future” that calls for more affordable health care and child care, expanded child tax credits, paid parental leave, flexible work hours and enforced pre-natal support. Though paid parental leave has been a big topic of discussion around the country, the only states to enact such measures since Dobbs are those where abortion rights are protected.

Persons: CNN — Weeks, Roe, Wade, ”, Mike Johnson, Dobbs, Johnson hasn’t, there’s, It’s, ’ ”, Samuel Lee, that’s, haven’t, Josh Brahm, Brahm, Kamala Harris, Donald Trump, Tate Reeves –, Chris Seward, Phil Berger, Lee, ” Lee, “, Louis, Angela Weiss, Brenda Shields, Shields, ” Shields, Mike Parson, Crystal Quade, Parson, ” Quade, aren’t, they’re, Kim Reynolds, Pat Grassley, Grassley, ” Grassley, Zach Wahls, couldn’t, Reynolds, Kent Nishimura, Johnson, Taylor Haulsee, Claudia Tenney, York –, Tenney, Mariannette Miller, Meeks, Miller, Young Kim, Kim, Callie Strock, Dave Schweikert, tweeting, Schweikert, Utah Sen, Mitt Romney, Republican Sen, Marco Rubio, ” Brahm Organizations: CNN, Social, Republican, Rights Institute, IT, Lifeline, North, North Carolina Senate, Democratic, National Center for Health Statistics, Getty, Republicans, Missouri Chamber of Commerce, Republican Gov, ”, “ Iowa Press, Food and Drug Administration, Energy, Commerce Committee Locations: Louisiana, Roe America, Washington, Iowa, Missouri, Roe, Georgia, Atlanta, America, Wilmington , North Carolina, Mississippi, ” In Mississippi, , Kentucky, Ohio, North Carolina, Raleigh, St, Washington , DC, York, California, Arizona, Utah, Marco Rubio of Florida

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

As the Fed lowers its benchmark rate, mortgage rates are expected to ease in 2024 and 2025. A lot of people assume that when the Fed cuts rates, mortgage rates will drop, too. By the time the Fed actually gets around to cutting rates, mortgage rates typically already reflect the impact of that cut. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Federal Reserve, Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ Record rains bring flooding and landslides to Japan’s quake-stricken region
▼ + stars: | 2024-09-22 | by ( Lex Harvey | ) edition.cnn.com time to read: +2 min

Japan’s weather agency issued its highest emergency warning for Ishikawa prefecture Saturday, urging residents to take extreme precautions in what it said is the heaviest rainfall the region has ever experienced. At least six people are missing, Ishikawa authorities said, and tens of thousands of people have been forced to evacuate, according to NHK. According to the Ministry of Land, Infrastructure, Transport and Tourism, four workers who were doing earthquake restoration work in Wajima city have gone missing. People remove mud to dislodge a car following flooding in Wajima city, Ishikawa prefecture on September 22, 2024. Yuichi Yamazaki/AFP/Getty ImagesA collapsed bridge is seen following heavy rain in Wajima city, Ishikawa prefecture on September 22, 2024.

Persons: Ishikawa, Yuichi Yamazaki, JIJI Press Organizations: CNN, Ishikawa prefecture, NHK, Ministry of Land, Transport, Getty, JIJI Locations: Japan, Suzu, It’s, Noto, Ishikawa, Infrastructure, Tourism, Wajima, Earthquakes, Ishikawa prefecture, AFP

The NYPD on Friday released body-worn camera footage from a weekend shooting at a Brooklyn subway station that started as a confrontation between police and an apparent fare-beater who they have said charged at officers with a knife. According to police and surveillance video from the station, Mickles jumped a turnstile at the subway station just after 3 p.m. Sunday, right in front of two officers. When a train pulls into the station, Mickles backs onto it once the doors open. All shots were fired by NYPD officers, authorities have said. “There was no need for any bullets to fly in the subway station, especially in a setting where the officers put innocent bystanders at risk.

Persons: Gregory Delpeche, Mickles, Jonathan Fink, ”, Fink, “, ’, Bystander’s, Nick Liakas, Gregory, ” Liakas, Derell Mickles “, Tasers, Thomas Donlon, John Chell, Loyda Colon, Chris Banks, Eric Adams, ” Adams, Mickles “ Organizations: Woodhull Hospital, NYPD, ” Police, Communities United, Police Reform, New, York City, “ Police Locations: Brooklyn, Brownsville, New York City, York

☆ Return-to-office mandates are helping drive up housing prices in these 10 cities
▼ + stars: | 2024-09-21 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Read previewThe rise of remote work freed many Americans from the daily commute to an office, empowering them to live wherever they choose. According to Realtor.com, San Jose leads the nation, with homes selling 6.2% above their asking prices. As a result, the demand for housing, combined with a perpetual housing shortage, has made the real-estate market exceptionally competitive. AdvertisementReturn-to-office policies from various companies could make the San Jose market even hotter, a local real-estate broker said. "The real-estate market will probably heat up even more as people move from far areas to be closer to work," Orosco said.

Persons: —, It's, Hannah Jones, Realtor.com, Lex Orosco, Orosco Organizations: Service, Business, Federal Reserve, Realtor.com, California Bay Area, PayPal, eBay, Adobe, Google Locations: West Coast, Texas, Florida, California, San Jose, San Francisco, Silicon Valley, Bay

☆ Half of renters live somewhere they can't afford
▼ + stars: | 2024-09-21 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Half of US renters spend over 30% of their income on housing, Census data shows. Skyrocketing home prices and rents, driven by supply shortages and high interest rates, are to blame. African-American and Hispanic renters are the most cost-burdened, with over half exceeding the 30% rule. But as home prices and rents have skyrocketed in recent years, that so-called 30% rule is increasingly challenging to follow. And for a whopping half of US renters, it's become impossible.

Persons: —, it's Organizations: Service, US, Bureau, Survey, Business

☆ Rate cuts might make it cheaper to buy a house, but they won't fix the US housing market's biggest problem
▼ + stars: | 2024-09-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

The Fed's interest rate cut will ease financing conditions for homebuilders, analysts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Federal Reserve's rate cut will surely impact the housing market, but its effect likely won't affect arguably the most important part of the equation: keeping affordability tight. But how this translates into a much-needed supply boost is a different story, and there are factors the Fed cut won't fix. Lingering uncertaintiesAdvertisementFor instance, Nanayakkara-Skillington noted that material pricing, from drywall to steel mill products, has weighed heavily on homebuilders since the pandemic.

Persons: —, it'll, NAHB's, Skillington, NAHB, Michael Neal, Fitch, Neal Organizations: Service, National Association of Home Builders, Urban Institute senior, Fitch

☆ These stocks should benefit the most as the Fed keeps lowering rates, analysts say
▼ + stars: | 2024-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.

Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software, —

☆ This is the most expensive U.S. city to retire—and it isn't in California or Hawaii
▼ + stars: | 2024-09-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

New York City ranks as the priciest city in the U.S. to retire, according to WalletHub's 2024 analysis of the best and worst places to retire. Following NYC, the two Hawaiian destinations that offer the highest quality of life for retirees — Pearl City and Honolulu — tied for second place. The median rental price for a one-bedroom apartment hit $4,500 a month in August, per Zumper's latest data. That's pretty steep compared with the national median rental price of $1,534 for a one-bedroom and $1,915 for a two-bedroom. The median rental price for all bedroom types in Manhattan is $5,000 versus $4,209 in Brooklyn, according to Zumper.

Persons: it's, WalletHub, New York City It's Organizations: Broadway, New York City, —, Honolulu —, U.S . Census Bureau, for Community, Economic Research, Tax, Boston, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San, Jersey, Index, Metropolitan Museum of Art, New Yorkers, New York City's Department Locations: Central, New, U.S, — Pearl City, Honolulu, New York Honolulu, Pearl City, Hawaii, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San Francisco, Fremont , California, Jersey City , New Jersey South Burlington, Burlington , Vermont, New York City, New York, Manhattan, Brooklyn, NYC

☆ Residents of one European city just voted Airbnb out of their neighborhood
▼ + stars: | 2024-09-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

Read previewResidents of a bustling neighborhood in downtown Budapest, Hungary, have voted to ban Airbnb-style rentals. The move comes as a growing list of European cities have cracked down or plan to levy restrictions on short-term vacation rentals. The mayor of Terézváros, Tamás Soproni, cheered the vote as a sign that residents were reclaiming the district. There are currently over 15,000 short-term rental listings in the city of Budapest, according to analytics site AirDNA. Terézváros' ban will need to be approved by Hungary's Parliament, but the national government has made it easier for local governments to hold these kinds of referendums on Airbnbs.

Persons: —, It's, Tamás Soproni, Soproni, Terézváros Organizations: Service, Business, Reuters Locations: Budapest, Hungary, Terézváros, Hungary's, Barcelona, Prague, Lisbon, Florence, Europe, New York City

☆ Every Falsehood, Exaggeration and Untruth in Trump’s and Harris’s Stump Speeches
▼ + stars: | 2024-09-21 | by ( Linda Qiu | Elena Shao | ) www.nytimes.com time to read: +54 min

They’re going to take away your guns, you saw that, they’re going to take away your guns. And at the end it was, “Thank you, thank you, thank, thank, thank, thank, thank, thank.” I said, “What the hell’s… What’s wrong with her?” I say, “Thank you.” And you wait a couple of seconds. “Thank you, thank, thank, thank, thank.” There’s something wrong with her, okay? She was all talk, I’m going to do this and I’m going to do that, and then I’m going to cut tax and then I’m going to give you 25,000 per house and then I’m going to go, over and over. When Biden was president — going to give up the whole thing to Russia, it looks like.

Persons: I’m, Kamala Harris, Rasmussen, We’re, Kamala, Sleepy Joe Biden, ”, “, can’t, Country’s, Harris, we’ve, you’re, You’re, “ Donald Trump, Donald Trump, – Joe Biden, didn’t, Sleepy Joe, ” “ I’m, Joe, That’s, Trump, What’s, Kamala …, she’s, Bernie Sanders, Nancy Pelosi, She’s, let’s, Kamala Harris …, I’ve, David Muir, David Muir barged, Sir, President Trump, FBI …, don’t, –, There’s, Donald J, You’ve, we’ll, – Mr, You’ll, Where’s Harris, would’ve, Jimmy Carter, Xi, Del Cueto, Biden, They’ve, “ They’re, ” They’re, They’re, it’s, it’ll, Let’s, Forbes, Michael, Jacky Rosen, Crooked Joe Biden, Joe Biden’s, Jacky, Sam Brown, Nobody’s, He’s, Joe Lombardo, Joe’s, that’s, It’s, they’re, Tampon Tim, tampons –, Governor Lombardo, we’re, Ding, haven’t, Russia would’ve, Bush, Barack Hussein Obama, —, Russia’s, Korea’s, Muhammad Ali, Muhammad, Henry, “ I’ll Organizations: Philadelphia TV, gaslight, JD, FBI, Department of Justice, of Justice Statistics, Communist, Border, Marxist, Street, The New York Times, New York Times, Washington, White, ICE, DHS, Forbes, United Auto Workers, Biden, Unions, Keystone XL, United States, Paris Climate, Nevada Climate Accord, Police, California, ABC Fake, Trump Reciprocal Trade, Green New, Washington D.C, We’re, America, Make Locations: Las Vegas, Aurora , Colorado, Springfield , Ohio, Colorado, Iowa, Pennsylvania, United States, McDonald’s, – Pennsylvania, ”, America, Idaho . Idaho, Haiti, Chile, Colombia, New York, Chicago, Florida, Middle America, Aurora, Virginia, Tennessee, Honduras, So Nevada, Nevada, American, You’ve, Texas, Western Nevada, Mexico, China, Paris, Russia, Saudi Arabia, California, Nevada , Wisconsin , Pennsylvania, Michigan, Washington, Manhattan, Ukraine, Israel, Italian, Venezuela

☆ Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.
▼ + stars: | 2024-09-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Khurana thinks what has made boomers the wealthiest generation — stocks and housing — also makes them a risk to economic stability. AdvertisementSuch a scenario is an '"underappreciated risk," he said, given how much boomers' spending habits have fueled economic growth in recent years. The demographic spends around $548 billion a year, more than any other generation, according to a report from marketing research firm Epsilon. AdvertisementBroken down by each generation's holdings of property and stocks, boomers accounted for 42% of all real estate ownership and 54% of all corporate equity and mutual fund ownership. That's not to say boomers will cause the next recession, but the risk during a recession is dialed up under the current paradigm, Khurana said.

Persons: —, America's, Brij, Khurana, boomers, they've, John Hussman, That's Organizations: Service, Wellington Management, Business, McKinsey & Company, New York Fed, Epsilon, New, Boomers, Federal Reserve, Governors Boomers, Governors Locations: New, New York, Florida and Texas

☆ Trump grapples with fallout from Mark Robinson’s latest scandal: From the Politics Desk
▼ + stars: | 2024-09-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, we look at how Donald Trump is handling the political fallout from CNN's bombshell report on North Carolina gubernatorial candidate Mark Robinson. “North Carolina is a vital part of that plan. Additionally, Republican members of the North Carolina congressional delegation, including Sens. The political fallout from Robinson’s past comments could be particularly tough for Trump because of the importance of North Carolina as one of seven key swing states on the presidential map. The DNC launched digital ads and billboards featuring Trump heaping praise on Robinson, while a new Harris campaign ad links Trump to Robinson’s past anti-abortion comments.

Persons: Donald Trump, Mark Robinson, Kristen Welker, Trump, Matt Dixon, Katherine Doyle, Olympia Sonnier, Kristen Welker Donald Trump, Robinson, Martin Luther King, Trump’s, ” Trump, Karoline Leavitt, Biden, Harris, Ted Budd, Thom Tillis, Michael Whatley, Ben Kamisar, What’s, Joe Biden’s, Kamala Harris, I’m, they’ve, Bridget Bowman, Emma Barnett, Alex Tabet, Katherine Koretski, “, ”, Kenneth Hauck, Harris ’, Hauck, ” Norna, Read Organizations: NBC, White House, Capitol, North Carolina, NBC News, CNN, White, Trump, North, Republican National, DNC, “, Press Locations: “ North Carolina, North Carolina, Sens, Wilmington , North Carolina, Michigan , Pennsylvania, Wisconsin, San Diego, Florida

But many people are still wondering, what does a rate cut mean for my money? For those who’ve been waiting it out, the rate cut “will instill some hope in folks,” said Elizabeth Renter, senior economist at NerdWallet. Consider your (improved) debt repayment optionsThis week’s rate cut was good news for those struggling to unload themselves of credit card debt. They’re a popular savings instrument when interest rates are high, and as most economists expected, CD rates have already started declining since the Fed’s interest rate cut. “This rate cut is not something that should trigger you to go make any drastic changes to the overall direction of your portfolio,” he added.

Persons: Jerome Powell, ”, Elizabeth Renter, Michele Raneri, “, “ It’s, Rodney Lake, It’s, cardholders, Now’s, Lake, don’t, Freddie Mac, ” Renter, they’ve, Raneri, Lee Baker, there’s, Bankrate, Baker, it’s, —, “ Don’t Organizations: NerdWallet, TransUnion, Federal Trade Commission, GW Investment, George Washington University School of Business, Apex Financial Services, P Locations: U.S

☆ Minneapolis housing program and Kentucky sheriff accused of killing judge: Morning Rundown
▼ + stars: | 2024-09-20 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A Minneapolis program might offer a solution to the housing shortage. A Kentucky sheriff is expected to be charged with murder in the fatal shooting of a district judge. One city’s secret to fixing housing: Build moreRoughly five years into a program in Minnesota aimed at adding to the housing supply, Minneapolis Mayor Jacob Frey says "the results speak pretty clearly for themselves." 🏡 The housing stock in Minneapolis grew 12%, compared to 4% statewide between 2017 and 2022, according to a Pew Research report. Minneapolis’ program offers potential solutions to address housing supply and affordability.

Persons: Trump, Harris, Jacob Frey, ected to Organizations: Minneapolis Locations: Minneapolis, Kentucky, Minnesota

☆ Harris could win the presidency but lose the Senate, giving Republicans a veto over her agenda and judges
▼ + stars: | 2024-09-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil_Hs.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +6 min

A Republican-controlled chamber could thwart Harris’ nominees to fill out her administration and the courts, along with her legislative agenda. Top Senate Republicans told NBC News she would need their sign-off to secure votes on any judicial nominees, including for the Supreme Court. The prospect of a split Congress looms over a possible Harris win even if Democrats have a strong year and sweep every swing state. And if it’s a GOP-led Senate, Republicans would control a floor vote. Sen. Chuck Grassley, R-Iowa, would have seniority to be the next Judiciary Committee chair and said he intends to claim the position if Republicans win control.

Persons: Kamala Harris, Harris, “, ”, Frankie Veltri, Biden, ” Sen, John Cornyn, Mitch McConnell, “ They’re, ” Cornyn, Democratic Sen, Jon Tester, “ It’s, you’ve, Nanette Barragán, ” Charlie Veltri, Frankie, Ruben, Gallego, We’ve, She’s, didn’t, Jimmy Carter, it’s, John Thune, Sen, Chuck Grassley, “ I’m, Richard Blumenthal, Conn, Merrick Garland, Barack Obama’s, Blumenthal, Sheldon Whitehouse, they’d, Henry Wade, he’s, ” Louis Olivas, he’s “, “ she’s, ” “ They’re, ” Olivas, Sahil Kapur, Alex Tabet Organizations: Republican, Top, Republicans, NBC News, Supreme, GOP, Senate, Democratic, Pentagon, Republican Party, City Locations: Montana, Goodyear , Arizona, Texas, — West Virginia, Florida, Arizona, Iowa, Maricopa , Arizona, Tempe , Arizona, Washington, Phoenix

“If we’re going to put up affordable housing, we don’t just want to house one family. We want to house five or six or eight or 25 families,” said Minneapolis Mayor Jacob Frey, who has overseen the Minneapolis 2040 plan. Trump campaign national press secretary Karoline Leavitt blamed the higher housing costs on the current administration’s policies, as well as an “unsustainable invasion of illegal aliens.” The campaign broadly said Trump’s housing plan involves freeing up federal land for housing and cutting regulations. Walz, whom Frey said was “committed to the mission” on affordable housing, signed the measure into law in May. We also need to have more active state, local and federal government policies that look to support the housing market.”

Persons: ”, Minneapolis Mayor Jacob Frey, Ben Brewer, Donald Trump, Kamala Harris, Harris, Tim Walz, Karoline Leavitt, It’s, Frey, Hennepin, Ryan Allen, “, ” Allen, Cody Fischer, ” Fischer, ” Jeremy Wieland, Wieland, didn’t, it’s, ” Wieland, Fischer, ’, Walz, University of Minnesota’s Allen, that’s Organizations: National Association of Realtors, Minneapolis Mayor, Currie, Bloomberg, Getty, Minnesota Gov, Trump, Pew Research, NBC, Ford Motor Co, Minn, University of Minnesota, Minneapolis, California Bay Area, Minnesota Environmental, Minnesota Supreme, University of Minnesota’s Locations: MINNEAPOLIS, United States, Minnesota, Minneapolis, U.S, Harrison, Hennepin County, St, Paul, California Bay, San Francisco, Oakland, ”, Northeast Minneapolis, “

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