General World News

Landlords sue Biden after he said they couldn’t evict in areas where Delta infections are surging

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Summary List Placement Landlords and real estate groups are scrambling to derail the Biden administration’s latest moratorium on evictions in high-infection areas only a day after it was handed down. The Washington Post reported that the Alabama Association of Realtors and its peer chapter in Georgia filed a lawsuit on Wednesday challenging the moratorium’s legality, […]

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Delta variant fears send 30-year mortgage rates to 2.77%

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The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower […]

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U.S. Department of Education Approves New Hampshire’s Plan for Use of American Rescue Plan Funds to Support K-12 Schools and Students, Distributes Remaining $116 Million To State

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Today, the U.S. Department of Education (Department) announced the approval of New Hampshire’s American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) plan and distributed remaining ARP ESSER funds to them. New Hampshire’s plan details how the state is using and plans to use ARP ESSER funds to safely reopen and sustain the […]

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New US jobless claims slide to 385,000 while continuing claims hit pandemic low

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Summary List Placement The number of Americans filing for unemployment benefits dropped less than expected last week, capping off a volatile month that signaled a slowing of the labor market’s rebound. Jobless claims dipped to an unadjusted 385,000 last week, the Labor Department announced Thursday. That compares to a median estimate of 383,000 claims from economists surveyed […]

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The US doesn’t have enough homes for the number of people who want to buy them — and experts say relief might not come for a decade

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Summary List Placement Rob Ettaro and Kaliana Veros have been house hunting outside Salt Lake City for months. In the winter, the couple fell in love with a $479,000 home in Midvale, Utah. They prepared their first offer carefully, offering $6,000 above the asking price. The house ultimately sold to someone else — for $60,000 […]

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21 commonly banned books in 2021, and the reasons why

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  Summary List Placement For centuries educators, religious organizations, and parents have long sought to control what children and adults read by banning literature. Books are challenged as an attempt to restrict materials, with claims commonly based on opposing political viewpoints, explicit content, LGBTQIA+ content, or violence.  The American Library Association (ALA) is an organization […]

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Vaccination is helping small businesses recover

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Summary List Placement The states that are seeing robust employment growth for small businesses are also ones where many residents are vaccinated, according to a new report from Gusto.     The report from Gusto, a small business payroll and benefits platform, shows that small businesses in the service sector tended to have larger employment growth in […]

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More households paid their rent and mortgage in Q2 2021

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Fewer than five million households failed to make their rent or mortgage payments in the second quarter of 2021, despite the effects of the COVID-19 pandemic still being felt across the country. According to the Mortgage Bankers Association’s Research Institute for Housing America (RIHA), 8.6% of renters (2.86 million households) missed, delayed, or made a […]

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eXp CEO loves Glenn Stearns’ star power

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Glenn Stearns, CEO at eXp Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. Those were two takeaways from the company’s second quarter earnings call on Wednesday, in which Sanford and other company executives wrestled with how to diversify a company […]

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A civil war within the Democratic Party over canceling student debt is hurting millions of borrowers

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Summary List Placement Many student-loan debt borrowers are currently stuck in limbo, thanks to a growing civil war within the Democratic Party. Come the end of September, they’ll have to resume paying their federal student loans after enjoying an 18-month reprieve from payments and zero interest accrual. The pause has helped millions of borrowers stay […]

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Citi adds Liz Bryant to mortgage exec team

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Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Citi announced this week that it had appointed industry veteran Liz Bryant as the new head of retail mortgage sales for the U.S. Bryant comes to the St. Louis-headquartered lending operation following a long career at Wells Fargo, […]

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A Trump economic official said that ‘the best way to make people homeless is to make housing free’

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Summary List Placement Conservatives, including a former Trump economic official, worry that the new eviction ban implemented by the Biden Administration on Tuesday could lead to less housing getting built, as millions of Americans prepared to be forced out of their homes amidst an ongoing pandemic. These worries come after the Biden administration announced a […]

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10 million American workers are considering freelancing amid the ‘Great Resignation’

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Summary List Placement As workplaces begin to reopen from the COVID-19 pandemic, more skilled professionals in the US are choosing freelancing as their main source of employment, according to a new report. Upwork, a freelancing platform that connects professionals with businesses, surveyed workers who spent most of their time working remotely the past year. Most […]

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Meet 3 teachers who had enough and switched careers, including a woman who won ‘Teacher of the Year’ twice

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Summary List Placement Former teacher Carrie Presley won “Teacher of the Year” two of the four years she worked for school districts in Oklahoma and Texas.  As an accountant-turned-math teacher, she told Insider she believed she finally found her calling, but during the pandemic she made a difficult decision: She quit teaching two weeks into […]

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30-year rate drops below 3% for first time since February

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Mortgage applications fell 1.7% in the week ending July 30, according to the latest report from the Mortgage Bankers Association. That’s despite the 30-year fixed rate falling to its lowest level in roughly six months. It’s an about-face from the prior week, in which applications increased 5.7% on the strength of descending mortgage rates. Mike […]

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Belarusian Olympian Departs Tokyo for Vienna

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A Belarusian Olympic sprinter who said she faced punishment if she returned to her country departed Japan Wednesday on a flight bound for Austria.  Krystsina Tsimanouskaya was scheduled to land in Vienna Wednesday afternoon. She is then expected to travel on to Poland, where the government has offered her a humanitarian visa.  Polish Prime Minister Mateusz Morawiecki posted Tuesday on Facebook that he […]

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The 21 most captivating biographies of all time

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 Summary List Placement For centuries, books have allowed readers to be whisked away to magical lands, romantic beaches, and historical events. Biographies take readers through time to a single, remarkable life memorialized in gripping, dramatic, or emotional stories. They give us the rare opportunity to understand our heroes — or even just someone we would […]

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Rocket Mortgage breaks into the solar industry

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Rocket Companies, parent of Rocket Mortgage, has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help […]

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Free housing, scholarships, and spray tans: See the perks that colleges are offering students to get the COVID-19 vaccine this fall

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Summary List Placement Colleges and universities across the US are preparing for the start of a new academic year in the fall. For many, this year’s preparations include finding ways to incentivize students to get the COVID vaccine. From scholarships to free housing, here are some of the perks that higher education institutions are offering […]

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Figure merges with mortgage lender Homebridge

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The blockchain revolution may soon be coming to mortgage lending. And it could take the form of a very old-school lender – Homebridge Financial Services. The Mike Cagney-led fintech lender Figure Technologies, most recently valued at $3.2 billion, announced Tuesday afternoon that it would merge with Homebridge. “We are bringing together the most robust, powerful […]

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NYC has decided vaccines matter more than tourism

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Summary List Placement New York City just made a gamechanging move for its economy — and maybe the country’s. Mayor Bill de Blasio announced on Tuesday that workers and people in the city will need to provide COVID-19 vaccination proof for indoor activities at restaurants, gyms, and performance venues. The mandate, known as the “Key […]

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This is not 2008 all over again for the housing market

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When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Quite the opposite: In that cycle we had the weakest housing recovery ever, […]

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Unemployment claims may never go back to ‘normal.’ Here’s why that’s a good thing.

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Summary List Placement Filings for unemployment benefits are still roughly double their pre-pandemic norm. There’s reason to believe they’ll never hit those lows — the old “normal” — ever again. Weekly counts of jobless claims have fallen steadily as more Americans have gotten vaccinated and economic restrictions were reversed. Initial claims most recently came in […]

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U.S. Department of Education Awards $10 Million in Projects to Train and Recruit Qualified Native American Educators

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Today, the U.S. Department of Education awarded 29 grants totaling $10 million through the Indian Education Professional Development (PD) program. These grants to colleges and universities throughout the nation, including tribal colleges and universities, address a significant gap in the number of qualified Native American (Native) individuals in education-related professions that serve Native students.  details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education

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Turkey Wildfires Scorch Recovery in Hobbled Tourism Sector

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Wildfires scorching some of Turkey’s most popular destinations have upended a nascent recovery in the country’s tourism sector hobbled for more than a year by the COVID-19 pandemic. Scenes of happy beachgoers flocking to coastal areas turned nightmarish as fires forced mass-evacuations of tourists and locals alike in cities such as Bodrum and Marmaris. Tuesday […]

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LoanDepot increases market share, but profits sink in Q2

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The purchase market reigned supreme in the second quarter of 2021, and multichannel lender loanDepot reported a 31% increase in purchase mortgage transactions from the prior quarter. But the lender’s gain-on-sale margin and net income fell significantly during the second quarter, a trend that is keeping executives and LOs up at night across the industry. […]

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AOC INTERVIEW: Biden’s argument that his hands are tied on evictions ‘doesn’t really hold water’ and he should risk a Supreme Court showdown

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Summary List Placement Rep. Alexandria Ocasio-Cortez of New York hasn’t slept much. But on Tuesday morning, she showed no signs of exhaustion as she greeted people at the steps of the Capitol. Progressives led by Rep. Cori Bush of Missouri have staged a sit-in at the Capitol since Friday night, demanding an extension of the […]

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White House Initiative on Historically Black Colleges and Universities Announces 2021 HBCU Scholars

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The White House Initiative on Historically Black Colleges and Universities (Initiative) today announced its eighth cohort of HBCU Scholars. This program recognizes 86 undergraduate, graduate, and professional students for their accomplishments in academics, leadership, civic engagement and much more. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department […]

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Panda on Loan to France Gives Birth to Twins

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Huan Huan, a giant panda on loan to France, gave birth to twin cubs very early Monday, according to the Beauval zoo.   The twins, born around 1 a.m., are Huan Huan and her partner Yuan Zi’s second and third cubs, after the first panda ever born in France, Yuan Meng, in 2017.  “The two […]