Downturn in Local Housing Markets Hit National Averages

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Existing home sales across the US drop 7% from a year ago, plunge 15.4% in the West. Sales of existing homes — including single-family houses, townhouses, condos, and co-ops — in November, dropped 7.0% from November …

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As California Wildfires Rage Local Utilities Get BAD NEWS

  https://www.youtube.com/watch?v=ow2tHaMfNUs   Michael sheetz for CNBC reports, Shares of California utility companies plunged Monday as deadly wildfires scorched thousands of acres and continued to threaten life and property. Read More/Source/Credit/FairUse: https://www.cnbc.com/2018/11/12/ediso…      

In a blink, US state and local unfunded pension liabilities jump $2.3 Trillion!

by SpontaneousDisorder https://www.bloomberg.com/news/articles/2018-09-27/fed-accounting-change-boosts-unfunded-pension-obligations-chart In case you missed it, the Federal Reserve’s quarterly Financial Accounts report last week included a change to accounting for state and local pension-fund programs. The central bank revised its data for unfunded liabilities, applying a “projected benefit …

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CHANGE: The Government May Want to Buy Your Dying Mall. “Local governments worry that dying malls will blight the landscape, so they are buying them up.”

via WSJ: While malls in wealthy neighborhoods continue to attract shoppers and tenants, growing government involvement with shopping centers in less affluent areas is another sign that private investors may be losing interest in the worst performing malls, even ones …

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New OIG Report – FBI Agent took Bribes, Lied to local Law Enforcement, Protected Illegal business, Withheld Evidence, among other findings – yet Criminal Prosecution was DECLINED.

by ver0egiusto The title pretty much covers it, but it is yet another major blow against FBI leadership coming out of the OIG. On the tail of McCabe’s ouster, this latest revelation clearly shows that a Special Agent broke numerous laws …

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