World’s Bubbliest Markets Flashing Warning Signs

A WORLD economy already contending with raging inflation, stock-market turmoil and a gruelling war is facing yet another threat: the unravelling of a massive housing boom. As central banks around the globe rapidly increase interest rates, soaring borrowing costs mean people who were already stretching to buy property are finally reaching their limits. The effects … Read more

In first months since passage of St. Paul’s rent-control ordinance, housing construction is way down

When St. Paul’s rent control ballot measure passed in November, it contained a unique provision for national rent control policies: there was no exception for new housing construction. Typically, in order to make sure that new homes still get financed and built, rent control policies only apply to older apartments, either exempting buildings for a … Read more

KEEP ROCKIN’! The L.A. Times assures its readers: Yes, a recession looks inevitable. But will it be that bad?

via LA TIMES: Whether it’s President Biden insisting a recession is avoidable or his critics arguing that the wolf is at the door, both sides are acting as if the nation faces an unprecedented catastrophe. Partly it’s political theater — Biden fighting on behalf of an already beleaguered presidency and many of the doomsayers hoping a downturn … Read more

Rent Increases in the U.S. Have Broken Records for 13 Consecutive Months

The cost of rent continued its meteoric rise in April, marking the 13th month in a row of record-setting increases for single-family units. Nationally, single-family rent jumped 14% year over year in April, according to a report released Tuesday by the real estate data firm CoreLogic. Rent in several major metropolitan areas, particularly Sun Belt … Read more

Blame government for pilot shortage

Planning to fly this summer? Good luck. Delays are up. Cancellations, too. Why? Because of the pilot shortage. A pilot shortage? How can this be? Flying is a popular job. Some people fly small planes just for fun. Why aren’t there enough commercial pilots? Because the government passed another dumb law. In 2009, after a Colgan Air … Read more

“FACT-CHECKERS” ARE A PATHETIC JOKE…

Pew: Come and see the credibility disconnect in the media — and media fact-checking. Is this a disconnect, or is it just a case of stubborn denial? After all, polls have shown severe erosion in media credibility for years before now, including longitudinal surveys at Gallup.  The last time a majority of Americans trusted the media was in … Read more

CANADA’S Annual #inflation Gallops to Near 40-Year High of 7.7% in MAY

TORONTO (Reuters) – Canada’s annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 7.4% in May from 6.8% in April. STORIES: Market reaction: … Read more

Amazon is working on giving Alexa the ability to mimic anyone’s voice, dead or alive, from just one minute of audio — and Twitter doesn’t know how to feel about it

(Business Insider) Amazon is teaching Alexa to mimic anyone’s voice, dead or alive, from just a one-minute recording of that voice. Rohit Prasad, Amazon’s head scientist for Alexa, said at a live event on Wednesday that his team has been instructing Alexa to pick up a voice from a short audio clip and convert it … Read more

Biden cancels $6 billion in student loans…

The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who had brought a class action lawsuit against it. The former students claimed they were stuck with federal debts by schools that had been found to engage in misconduct. The U.S. Department of Education has agreed to cancel the … Read more

$NIO testing vehicle flies out of headquarters building in Shanghai, killing both testers. Trending No. 1 on Chinese twitter.

by SnooBeans9659 https://cnevpost.com/2022/06/23/two-die-after-nio-test-vehicle-falls-from-building/ https://cnevpost.com/2022/06/23/nio-becomes-trending-topic-in-china-after-sedan-flies-out-of-building/ ​ ​ $NIO has officially acknowledged that this accident indeed happened during testing its new sedan model. The sedan fell out of a NIO building from the third floor. Both testers unfortunately passed away following the accident. This news is currently the most discussed topic on Weibo.

Biden Drops To Just 32 Percent Approval In New Civiqs Poll

Biden’s public approval falls to 32%, lowest of his presidency – Civiqs poll Biden Job Approval Approve 32% Disapprove 57% Independents Approve 20% Disapprove 67% Approve/Disapprove AZ: 28/62 GA: 28/60 NV: 32/59 MI: 33/56 PA: 33/56 NH: 36/54 https://www.thegatewaypundit.com/2022/06/still-sinking-biden-drops-just-32-percent-approval-new-civiqs-poll/ pic.twitter.com/MhhRxyYye3 — Nathan Wurtzel (@NathanWurtzel) June 23, 2022   h/t Jwnlwplus4