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☆ The CEO of the biggest homebuilder association blames pricey land, a worker shortage, and bureaucratic obstacles for high housing costs
▼ + stars: | 2024-11-20 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

AdvertisementUS home prices and rents have soared in part because of a shortage of housing. These are the cost of land, a shortage of construction workers, regulations, and NIMBYism. The US is suffering from a deep shortage of homes, and it's driving sky-high home prices and rents. Advertisement"We just hear more and more that it's harder to find affordable pieces of land to develop for housing," Tobin said. Fewer construction workers means less — and slower — residential construction and higher wages for workers, which in turn leads to higher home prices.

Persons: Jim Tobin, Tobin, —, ANDREW CABALLERO, REYNOLDS, NIMBY, Donald Trump Organizations: National Association of Home Builders, Trump Locations: Los Angeles, Seattle, Chicago, Brambleton , Virginia

Minnesota Democratic party chair Ken Martin has formally announced his bid to lead the Democratic National Committee, as the party attempts to piece itself together following a stinging defeat against Donald Trump. Martin, a DNC vice chair and leader of the Association of State Democratic Committees, has gained early traction with some delegates according to interviews with several state DNC members. Martin is a big backer of the DNC acting as an umbrella organization that strengthens state parties across the board. “Whoever the next DNC chair is really has to, I believe, have a fierce commitment to making sure that they support the 57-state party strategy itself.”Nebraska Democratic Party chair Jane Kleeb is among those backing Martin, saying in an earlier interview that she was interested in seeking the ASDC chair post that Martin now holds. Wisconsin Democratic Party Chair Ben Wikler is also interested in a run.

Persons: Ken Martin, Donald Trump, that's, Martin, Martin O'Malley, “ That’s, ” Martin, Jane Kleeb, Ben Wikler, “ Ben, Rahm Emanuel —, Barack Obama — Organizations: Minnesota Democratic, Democratic National Committee, DNC, Association of State Democratic Committees, Washington D.C, ” Nebraska Democratic Party, Wisconsin Democratic, NBC Locations: Minnesota, Washington, U.S, Japan, Chicago

☆ A bumper crop of art is hitting the New York auction market. Will Trump help?
▼ + stars: | 2024-11-19 | by ( Auzinea Bacon | John Towfighi | ) edition.cnn.com time to read: +6 min

Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.

Persons: Maurizio Cattelan’s, ”, Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, —, Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, ’, ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami

☆ Texas Bluebonnet curriculum: Officials to vote on state lessons that emphasize Christian Bible lessons
▼ + stars: | 2024-11-19 | by ( Zoe Sottile | ) edition.cnn.com time to read: +10 min

CNN —Officials in Texas are set to vote Tuesday on a new public school curriculum that incorporates lessons from the Bible as early as kindergarten, that provoked criticism from advocacy groups and families across the state. The state Board of Education will vote on revisions to its K-5 reading and English language arts materials, part of Bluebonnet Learning, the Texas Education Agency-developed open education resources. We don’t leave Texans behind.”Ghani also argued that Texas public school teachers are already “overburdened” with the amount of material they’re expected to teach. “But inserting faith-based lessons into public school classrooms, which sounds like what is intended here, is not the study of history or literature. The legislature has also pushed to require that public school classrooms display the Ten Commandments.

Persons: Bill, Jesus, Robert Frost, William Carlos Williams, ”, Mark Chancey, “, Barbara Baruch, “ Don’t, Jonathan Covey, Glenn Melvin, Vitale, ” Melvin, ” David Brockman, –, ” Brockman, Shariq Ghani, don’t, ” Ghani, ’ Charles Haynes, Robert Pondiscio, Greg Abbott Organizations: CNN, Education, Texas Education Agency, Texas AFT, Southern Methodist University, Texas, US, Engel, Texas Freedom Network, “, Foundation, Texans, Freedom, Association of Religion Data, American Enterprise Institute, Republican Locations: Texas, Rome, Roman, “ Texas, The74, Oklahoma, Louisiana

☆ Who will build new homes in Trump’s America?
▼ + stars: | 2024-11-19 | by ( Samantha Delouya | Julia Vargas Jones | ) edition.cnn.com time to read: +9 min

Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further. There is a need for more construction workers, as well: There were 282,000 construction jobs open as of September, according to the Bureau of Labor Statistics. “Immigrant labor is really important for our ability to continue to build homes affordably,” said Tobin. More than one-third of construction workers in the labor force are foreign-born, according to the US Census Bureau’s 2023 American Community Survey. In some states, that share is much higher: In California, New Jersey and Texas, more than half of construction workers are immigrants.

Persons: CNN — Duewight Garcia overstayed, Garcia, ” Garcia, Donald Trump’s, Trump, America’s, Riordan Frost, Frost, ” Frost, Jim Tobin, ”, Tobin, “, Duewight Garcia, Edward Pinto, ” Pinto, Stan Marek, MAREK, it’s, ” Marek, Trump’s, Ohio Sen, JD Vance, ” Vance, Marek, they’re, Jennie Murray, ” CNN’s Tami Luhby Organizations: CNN, New, Joint Center for Housing Studies of Harvard University, National Association of Home Builders, Bureau of Labor Statistics, Pew Research, Survey, American, National Immigration Forum, Trump, Housing Center, American Enterprise Institute, Labor, The New York Times, National Immigration Locations: Honduras, New York City, America, California , New Jersey, Texas, New York, California, Wells Fargo, Houston

The race for Democratic Party chair has officially launched with a onetime Maryland governor and unsuccessful presidential candidate Martin O'Malley announcing a bid to take the reins. The contest comes as former DNC Chair Jaime Harrison is leaving his post. One of the people most often cited in Democratic circles as a possibility for DNC chair is Wisconsin Democratic Party Chair Ben Wikler. Several DNC members privately said they were already backing Minnesota Democratic Party Chair Ken Martin. Kleeb is backing Martin for DNC chair, she said, while she is interested in seeking the ASDC chair post that Martin now holds.

Persons: Martin O'Malley, O'Malley, Jaime Harrison, Harrison, Ben Wikler, “ Ben, Ken Martin, Martin, I've, Rahm Emanuel —, Barack Obama —, Emanuel, Sen, Dick Durbin, JB Pritzker, Jane Kleeb, Donald Trump Organizations: Democratic Party, Democratic National Committee, Democratic, Social Security Administration, Democratic Governors Association, New York Times, Wisconsin Democratic, Democrats, NBC, DNC, Minnesota Democratic, NBC News, Association of State Democratic, Nebraska Democratic Party Locations: Maryland, U.S, Japan, Chicago, Illinois, Iowa, New Hampshire

☆ After Democrats lost the working class, union leaders say it's time to 'reconstruct the Democratic Party'
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

But whether they are measured by income or educational attainment, President-elect Donald Trump won working-class voters overall while he made strong gains among nonwhite working-class voters like Hispanics and Asian Americans. As recently as 2012, non-college-educated voters were splitting their votes evenly or even slightly in favor of Democrats. But that has left the party’s leaders, donors, operatives and other decision-makers more removed from the lives of low- and middle-income workers, some labor leaders say. But there is widespread frustration that Trump outflanked Democrats to position himself as a champion of working people, as well as dissatisfaction with Democrats not limited to white or male union members. But that policy was not enough to overcome larger societal forces that have led many working-class voters to doubt Democrats’ commitment to their well-being.

Persons: Joe Biden, Kamala Harris ’, ”, Brent Booker, Booker, ” Booker, Donald Trump, Harris, Barack Obama, Trump, Republican recoiled, “, Jimmy Williams, Liz Schuler, Schuler, ” Sen, Bernie Sanders, Biden, Will Stancil Organizations: Democratic Party, NBC, ’ International Union of, ”, Keystone Pipeline, Trump, Republican, International Union of Painters, Allied, ” Trade, ’, AFL, Democrats, Press, Teamsters, Democratic, International Association of Fire Fighters, International Longshoremen’s Association, United Mine Workers of, National Labor Relations Board Locations: Biden’s, ’ International Union of North America, Trump, China, Pittsburgh, United Mine Workers of America

☆ Yun: Reducing spending brings down interest rates
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYun: Reducing spending brings down interest ratesLawrence Yun, Chief Economist at the National Association of Realtors, explains that reducing the national deficit could help lower mortgage rates by impacting bond yields. Although the Fed has cut rates, 10-year yields remain high due to budget deficits.

Persons: Lawrence Yun Organizations: Yun, National Association of Realtors

CNN —There’s nothing quite like the mouthwatering taste of real Prosciutto di Parma, known the world over as Parma ham. The end result is that Parma ham as we know it is increasingly hard to find on international dinner plates. Unlike many heavily mechanized meat processing industries, Parma ham production is steeped in history and tradition. But they are nowhere to be seen, essentially kept under lockdown to protect them from the swine fever virus. Cavagnini produces pork for products including Parma ham and San Daniele ham — a similar cured meat originating in Italy’s northeastern Friuli region.

Persons: Stefano Borchini, Alessia Pierdomenico, ” Borchini, Borchini, ”, Luca Bruno, That’s, there’s, “, Alberto, Cavagnini, it’s, ” Davide Calderone, ” Calderone Organizations: CNN, Parma, Parma Ham Consortium ., Bloomberg, Getty, AP, Workers, Union Locations: Parma, Emilia Romagna, Langhirano, Italy, Modena, Brescia, Lombardy, Alberto Cavagnini’s, Italy’s, Friuli, China, Japan, Taiwan, Canada, United States, Brazil

☆ How century-old arbitration laws are failing consumers in the digital age
▼ + stars: | 2024-11-17 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +10 min

AdvertisementLarge companies like Disney and Uber have arbitration clauses in their Terms of Use. AdvertisementIt's a near-century-old practice that some legal experts say should be modernized for the digital age. The Disney caseIn the case of large companies, arbitration clauses included in one service can often apply to any service the company offers. AdvertisementHow consumers protect themselves from arbitration clausesCammarata said one way consumers can navigate arbitration is to check if a company's terms of use has an opt-out clause. Lee said that while courts tend to be critical of arbitration clauses in employment agreements, they're less so regarding things like streaming services or rideshare apps.

Persons: David Horton, Jeffrey Piccolo's, Kanokporn Tangsuan, Tangsuan, Piccolo, Disney, Josh D'Amaro, Joseph Cammarata, Sherman, Siegel, P.C, John, Georgia McGinty, Uber, Stark, John McGinty, Georgia McGinty Stacey Lee, Johns, Lee, Cammarata, it's, John Carpenter, Carpenter, Zuckerman Organizations: Disney, University of California, Davis, School of Law, University of Pennsylvania, New, New York State, Disney Springs, Planet Hollywood, Walt Disney, Getty, Ninth, Business, Washington DC, of, Georgia, Johns Hopkins Carey Business School, Association of America, Federal Locations: New York, Central Florida, Orange County , Florida, Chaikin, Washington, Georgia, Superior, of New Jersey, California

☆ I'm 30 and bought my first home for $375,000 this year. I have a partner but wanted to buy it on my own.
▼ + stars: | 2024-11-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

AdvertisementAyriel Von Schert, 30, wanted to buy a home and didn't want to wait until she was married. Von Schert, a real-estate agent, said she's worked with other single women who have also bought homes alone. Recently, I've helped a couple of other single women buy their own homes. AdvertisementI also don't think it's a good idea to commit to anything permanent with someone you're not in a permanent relationship with. AdvertisementI don't think he minds, because we no longer have a landlord telling us what we can or can't do.

Persons: Von Schert, she's, Ayriel Von Schert, I've, we're, wasn't, it's, I'm Organizations: National Association of Realtors, Mesa , Arizona —, Phoenix, Homeowners Association Locations: Mesa , Arizona, Phoenix

☆ 4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help
▼ + stars: | 2024-11-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHigh housing costs, driven in large part by a shortage of homes, are keeping inflation sticky. Economists say Trump's proposals are a mixed bag; some could help housing costs and some could hurt. Ultimately, housing policy experts and industry leaders say housing costs will largely depend on how much new supply can be delivered to the market, which is suffering from a severe shortage of homes. Federal housing assistanceDuring his first term, Trump repeatedly proposed major cuts to housing assistance for households with low incomes or members with disabilities. This would make it harder for lower-income Americans to afford homes and slow down affordable housing construction.

Persons: Trump, Donald Trump, Karoline Leavitt, Vance, Jim Tobin, Tobin, Maurice Page, JD Vance, they're, Anirban Basu, Biden, Ben Metcalf, Metcalf Organizations: Federal Reserve, Trump, National Association of Home Builders, Biden, Administration, Nevada Housing Coalition, Business, Energy, Associated Builders and Contractors, Economic, of New, Reserve, UC Berkeley, Immigrants, Republican Locations: Nevada , Arizona, Utah, of New York, China

☆ Rodrigo Duterte wants to make a comeback in the Philippines. What could go wrong?
▼ + stars: | 2024-11-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +12 min

But major cracks appeared in January, when Rodrigo Duterte called Marcos a “drug addict” and threatened that the president could be removed from power. Months later, Vice President Duterte-Carpio resigned as education secretary, a departure seen by analysts as a sign that the relationship between the country’s top leaders was beyond repair. “And when they get there, I will be the president of hell.”Marcos insisted he thought he and the vice president were friends. Philippine President Ferdinand Marcos Jr. and Vice President Sara Duterte attend an education-related event in Manila on January 25, 2024. Despite all the controversies and alleged links to extrajudicial killings and suspected criminals, Duterte has told Davao voters that a vote for him is a vote for order.

Persons: Rodrigo Duterte, Donald Trump’s, Sara Duterte, Carpio, Ferdinand Marcos Jr, –, Ferdinand Marcos, Marcos, Rodrigo Duterte’s, Richard Heydarian, ”, Duterte, “, ” Duterte, Duterte's, Jes Aznar, Sebastian Duterte, Paolo Duterte –, Heydarian, “ It’s, ” Heydarian, Ezra Acayan, Ferdinand Marcos Sr, ” Marcos, Sandro Marcos, behead, Ranjit Singh Rye, ” Rye, Cleve Arguelles, Numero, Sebastian, Rodrigo’s, Paolo, ” Arguelles, reigniting, Prospero Nograles, Margarita, Karlo Nograles, Arguelles, Pastor Apollo Carreon, God ”, of Jesus Christ Organizations: CNN, Trump, Asian Center of, University of the, International Criminal Court, ICC, Department of Education, Lawmakers, Getty, Davao, Association of Southeast Asian Nations, Kyodo, Marcos, FBI Locations: Philippine, Davao City, Mindanao, Philippines, United States, China, University of the Philippines, Davao, Manila, “, Duterte, West Philippine, Washington, Beijing, Rye, Karlo, of

☆ Mortgage rates may be stabilizing after the election. Here's what to expect into early 2025
▼ + stars: | 2024-11-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Don't expect 'huge swings' on mortgage ratesElection uncertainty contributed to an upward swing in mortgage rates during October. But now that we have a president-elect, mortgage rates are expected to gradually come down over time, Lautz said. Experts say that mortgage rates might head into a "bumpy" or "volatile" path over the next year. "Our expectation is that rates are going to be in the 6% range as we move into 2025," she said. For example, if you bought your home around this time last year, when mortgage rates peaked at around 8%, you might benefit from a mortgage refinance, Lautz said.

Persons: Freddie Mac, it's, Jessica Lautz, Lautz, Jerome Powell, Robert Dietz, Jessica Lautz Jessica Lautz, Jeff Ostrowski, Jacob Channel Organizations: Getty, Federal Reserve, National Association of Realtors, Treasury, Trump, Federal, CNBC Locations: U.S

☆ Homebuilders fear Trump's mass deportations would inflate costs and make it even harder to hire
▼ + stars: | 2024-11-14 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Homebuilders and economists have said a deeper labor shortage could cause housing costs to spike. The issue is the construction labor force, whose 500,000-worker shortage is already making conditions more challenging. Related Video Musk visits border, calls for Trump-style wallForeign-born workers make up about a quarter of the construction workforce. They argue that the surge in home costs is largely a result of the nationwide housing shortage, and immigrants are a key part of building housing. AdvertisementDuring the pandemic, many older, experienced workers retired, and the pipeline of younger US-born workers isn't sufficient, homebuilders say.

Persons: Homebuilding execs, Donald Trump's, —, Eric Finnigan, John Burns, Ben Metcalf, Jim Tobin, JD Vance, Trump, Vance, Barack Obama, Obama, Joe Biden, Tom Homan, Chad Blocker, Homebuilders, Dennis Webb Organizations: Service, Trump, University of California, National Association of Home Builders, Immigration, Biden Locations: Berkeley, Los Angeles, Phoenix

☆ High rates of preterm birth and infant deaths get the US another D+ grade: ‘It’s a travesty’
▼ + stars: | 2024-11-14 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +14 min

Then, less than six hours after giving birth, O’Neil was wheeled through the labor and delivery unit to go home. Racial disparities persist, she added; for Black people, the preterm birth rate is 1.5 times higher than the rate among all other babies. Many of the regions with high preterm birth rates are maternity care deserts, Williams said. The US cities with high preterm birth rates also are “areas where there are many chronic conditions and patients living with a greater number of things like hypertension, diabetes, obesity – those are all drivers of preterm birth as well,” Williams said. “Every pregnant woman who lives in a maternal health care desert should be provided with access to a health care app that is monitored by remote providers.

Persons: CNN —, –, Ashley O’Neil, O’Neil, Jorge, “, ‘, Vinson, ” O’Neil, ”, Amanda Williams, Williams, ” Williams, Gilbert, ‘ We’re, Lori Tremmel Freeman, prematurity, We’re, ” Freeman, Amanda Shafton, ” Shafton, Telehealth, ’ O’Neil, Kolin, Ashley ONeil, I’ll, ’ ” Kolin, don’t, O’Neil’s, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Dimes, United, Detroit, Cleveland, Affordable, Medicaid, National Association of County, City Health, Hospitalist, “, OB, CNN Health Locations: Maryland, ”, United States, Mobile , Alabama, Ramapo , New York, Irvine , California, Gilbert , Arizona, NICU, Kolin

☆ Elon Musk wants to radically reshape who controls America’s money supply
▼ + stars: | 2024-11-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

“The Federal Reserve is one of many examples of how we’ve deviated from the Constitution in that regard,” Lee added. Challenging the Fed’s independence“The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. That’s empowered Fed officials to make interest rate decisions that aren’t necessarily popular but could help the nation’s economy in the long run. But on the campaign trail, Trump floated requiring Fed officials to consult with him on interest rate decisions. That could lead to pressure on Fed officials to keep rates lower to satisfy Trump’s wishes, which in turn could reignite inflation.

Persons: Donald Trump’s, it’ll, Elon Musk, Republican Sen, Mike Lee, ” Lee, Jerome Powell, Trump, ”, Vance, Karoline Leavitt, Ron Paul, Thomas Massie of, Lee, ” Leavitt, it’s, That’s, Powell, “, briskly, hasn’t Organizations: New, New York CNN, Federal Reserve, Trump, Republican, Fed, Federal, CNN, Treasury Department, National Association of Black Journalists, Republicans, Consumer Financial, Product Safety, Fed’s, of Governors, Consumer, Safety Locations: New York, Thomas Massie of Kentucky

☆ Here's what the Trump presidency could mean for the housing market, experts say
▼ + stars: | 2024-11-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. "We're going to open up tracks of federal land for housing construction," Trump said during an Aug. 15 news conference. While building more homes is the simpler answer to address the housing issue in the country, other promises Trump has made could deter affordability efforts, experts say. He also claimed that he would pull down mortgage rates back to pandemic-era lows, although presidents do not control mortgage rates, experts say. Here's how some of Trump's policies could affect the housing market during his administration, according to experts:

Persons: Donald Trump, Trump, Jim Tobin, it's, Jacob Channel Organizations: National Association of Realtors, National Association of Home Builders, Finance, Federal Reserve, Social Security, LendingTree Locations: U.S

☆ Buying a home is expensive. What about ordering one for delivery?
▼ + stars: | 2024-11-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Manufactured housing, sometimes called mobile homes, are homes made in a factory rather than constructed on site, and they have been surging in popularity this year amid America’s housing crisis. Instead, they’re turning to the internet for lower-cost options, whether a pop-up foldable house kit, a tiny home or a traditional mobile home. Amazon is not the first major retailer to sell manufactured homes. More than 100 years ago, American retailer Sears, Roebuck and Co began selling kit homes from its catalog, with some for under $1,000. A 2023 Urban Institute paper argued that mobile homes were “uniquely vulnerable” to natural disasters compared to other housing.

Persons: Julie Johnson, homeownership, SSRS, George Rose, Donald Trump, Sears, Marc Norman, ” Norman, Katie Currid, “, Norman, Johnson, ” Johnson, Rebecca Blackwell, Johnson’s, Julie Johnson's, Patrick Harker, ” Harker, ”, ” CNN’s Chris Isidore Organizations: CNN, Facebook, National Association of Realtors, Getty, Census Bureau, Sears, Roebuck, Schack Institute of Real, New York University, Daily News, Urban, Hurricane, Federal Reserve Bank of Philadelphia, “ Locations: North Carolina, America, Boulder City, Boulder City , Nevada, Staunton , Virginia, Staunton, Mobile, Hurricane Milton, Englewood , Florida

☆ The blue wall was Kamala Harris' clearest path to the White House. Here's why it faded away.
▼ + stars: | 2024-11-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Harris would have secured the presidency if she had won Michigan, Pennsylvania, and Wisconsin. Related VideoHere's why Harris ultimately faltered in the trio of blue wall states. Related storiesTo secure the presidency, candidates must win at least 270 Electoral College votes, and Harris won 226 to Trump's 312. AdvertisementHarris spent considerable time campaigning throughout the blue wall states, but her 107-day candidacy was a sprint. In Wisconsin, Trump won 51% of union households, compared to Harris' 49%, according to Edison Research.

Persons: Harris, Donald Trump, —, Kamala Harris, Hillary Clinton, Joe Biden, Trump, Tim Walz, ANGELA WEISS, Harris didn't, Alex Brandon Harris, Biden, Dane County, Trump's, EVELYN HOCKSTEIN, wasn't Organizations: White, GOP, Service, Democratic, House, Office, Minnesota Gov, Getty, Electoral, Michigan, Trump, Pennsylvania, AP, Edison Research, Oakland County, Republicans, Arab, Detroit, Teamsters, International Association of Fire Fighters, Democrats Locations: Michigan, Pennsylvania, Wisconsin, West Allis , Wisconsin, The Milwaukee, Wisconsin , Michigan, Oakland County, Detroit, Montgomery County , Pennsylvania, Philadelphia, Dane, Madison, Waukesha County , Wisconsin, Milwaukee, Bucks County , Pennsylvania, Saginaw County , Michigan, Gaza, Dearborn —

☆ Economists say Trump could give Americans the very thing they voted against
▼ + stars: | 2024-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

AdvertisementA key sticking point for the 73,479,065 Americans (and counting) who voted for President-elect Donald Trump was inflation. Inflationary promisesThe main Trump proposals viewed as inflationary are: sweeping tariffs on imports, mass deportation of immigrants, and lower taxes. Related storiesTypically, US companies simply pass the tariff costs to consumers via higher prices, and company executives are already signaling this to investors. Possible inflation falloutIf Trump delivers on all of these proposals, then a rebound in inflation is all but guaranteed, economists have said. AdvertisementIt's worth noting that the tariffs Trump enacted in his first term did not result in a significant inflation increase.

Persons: —, Donald Trump, Trump, It's, Taylor Rogers —, Philip Daniele, Timothy Boyle, Wendy Edelberg, Nobel, Paul Krugman, Ned Davis, Veneta Dimitrova, Dimitrova Organizations: Trump, Service, White, Biden, Republican National, Center, Columbia, Washington Post, National Association of Homebuilders, Federal Reserve Locations: China, —

Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.

Persons: Donald Trump’s, ”, Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, ”, U.S, Mortgage, Association, “, National Association of Realtors, Pantheon, NBC

☆ ChatGPT denied 250,000 requests to generate deepfake images of candidates in the month before the election
▼ + stars: | 2024-11-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

ChatGPT denied 250,000 requests for deepfake images of candidates in the last month, OpenAI said. AdvertisementIn the run-up to this week's presidential election, OpenAI fielded thousands of requests to generate fake images of candidates. OpenAI said ChatGPT rejected an estimated 250,000 requests to generate images of the candidates using DALL-E, the company's AI art generator, in the month before the election. OpenAI also said that on Election Day, it would answer questions on election results by referring users to news organizations like the Associated Press and Reuters. "Around 2 million ChatGPT responses included this message on Election Day and the day following," the company said in Friday's blog post.

Persons: ChatGPT, OpenAI, —, deepfake, Joe Biden, Trump, Harris, Vance, President Biden, Governor Walz, Elon Musk's Organizations: Service, National Association of, State, Associated Press, Reuters Locations: New Hampshire

☆ Timmons: If any potential Trump tariffs are targeted, they could be meaningful to manufacturers
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTimmons: If any potential Trump tariffs are targeted, they could be meaningful to manufacturersNational Association of Manufacturers President & CEO Jay Timmons discusses how the sector will try to work with President-elect Trump on policies that will define his second administration.

Persons: Timmons, Jay Timmons, Trump Organizations: National Association of Manufacturers

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

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