OCTOBER 7, 2022
Americans are experiencing the biggest pay cut in decades in large part due to inflation, new data shows.
The Federal Reserve Bank of Dallas, one of several regional Fed banks around the country, released new wage and price data, which isn’t good news for Americans.
“We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to...
OCTOBER 7, 2022
A recently released report shows homes remain less affordable now than a year ago in 99 percent of U.S. counties, including Prince William County. - Shutterstock
PRINCE WILLIAM COUNTY, VIRGINA — A new housing affordability report shows home ownership is still out of reach for many Prince William County residents, as well as a vast majority of other...
OCTOBER 7, 2022
Chip stocks gyrate as questions over demand emerge.
Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.
After years of record capital spending, chipmakers are warning on a weekly basis that demand is sputtering. In the latest sign of trouble, Samsung Electronics Co. and Advanced Micro Devices Inc. reported disappointing results within hours...
OCTOBER 7, 2022
A semiconductor factory in Nantong, China. New limits on sales of semiconductor technology aim to slow the progress of Chinese military programs. — AFP/Getty Images
WASHINGTON, D.C. — The Biden administration on Friday announced sweeping new limits on the sale of semiconductor technology to China, a step aimed at crippling Beijing’s ability to access critical technologies that are...
OCTOBER 7, 2022
Shay Stein, a real estate agent in Las Vegas
Real estate agent Shay Stein remembers not too long ago when buyers pledged to name their firstborn after homeowners to get to the closing table.
Now, buyers are increasingly asking for closing costs, repairs or, in some cases, insist on the availability of street parking or they'll walk, Stein and other...
OCTOBER 7, 2022
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments for flood damage that the carriers say they aren’t legally obligated to cover.
Fewer than one-third to just over 40% of the Florida homes in the two coastal counties...
OCTOBER 7, 2022
Donald Trump is seeking to withhold from the justice department two folders marked as containing correspondence with the National Archives and signing sheets that the FBI seized from his Mar-a-Lago resort, according to court filings in the special master review of the confiscated documents.
The former US president’s privilege assertions over the folders, which appear to have direct...
OCTOBER 7, 2022
A forest fire that ripped through part of Easter Island charred some of its towering iconic carved stone figures, Chilean officials reported. The blaze, caused by the nearby Rano Raraku volcano, started Oct. 3. - Municipalidad de Rapa Nui
A forest fire that ripped through part of Easter Island this week has charred some of its towering iconic carved...
OCTOBER 7, 2022
Generally, the right venue to warn that we face the biggest threat of Armageddon in 60 years wouldn’t seem to be a political fundraiser. But for whatever reason, that’s where President Biden on Thursday night decided to offer some of the scariest comments uttered by a U.S. president in decades.
Speaking at a Democratic Senatorial Campaign Committee event,...
OCTOBER 7, 2022
The view from the cockpit. - Flying Dragon/Youtube
An amazing video shows a pilot winding his way through a mountainous valley over the roofs of homes to land at what is widely considered to be the most challenging runway in the world.
Only a few dozen pilots are licensed to land their planes at the Paro Airport in Bhutan,...
