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Mortgage demand has dropped precipitously with people priced out, but don't expect falling demand to increase supply or lower home prices.

While mortgage rates have fallen considerably from November’s recent high, buying a home is still far out of reach for most Americans. In fact, for six out of the last seven months, a family earning the median income would not qualify for a median-priced home, according to the latest data from the National Association of…

Russian President Vladimir Putin announced a 36-hour ceasefire in Ukraine while the French said they would send tanks to the country.

On Thursday, Russian President Vladimir Putin announced a 36-hour ceasefire in Ukraine. The ceasefire comes at a good time for Russia, as Ukraine’s military said this week it killed 800 Russian soldiers in a single day. Most of those deaths came in the eastern Donetsk region. Russia is intent on capturing the Bakhmut sector, and…

The Biden administration is asking congress for billions to help with the expected migrant influx after Title 42 ends.

There’s just one week left until the court-ordered end to Title 42 on Dec. 21. The pandemic-era policy allows the U.S. to deport immigrants who cross illegally almost immediately on public health grounds. When it ends, Homeland Security Secretary Alejandro Mayorkas has predicted there could be as many as 18,000 illegal crossings per day. But…

The U.S. secretly modified HIMARS given to Ukraine, configuring the launchers to make sure they couldn't fire long-range missiles into Russia.

In June, the United States started supplying Ukraine with high mobility artillery rocket system launchers, also called HIMARS. From the moment they hit the battlefield, HIMARS made a huge impact in how the war was being fought. This week, however, the Pentagon revealed the U.S. secretly modified the HIMARS given to Ukraine. According to the…

The two chambers of Congress in solidarity on moving swiftly to pass legislation that would prevent a rail strike.

The House votes to avoid a rail strike; an Oath Keeper is found guilty of sedition; state employees are banned from TikTok; and the Rubik’s Cube turns 50. These stories and more highlight the morning rundown for Wednesday, Nov. 30, 2022. House votes today to avoid rail strike House Speaker Nancy Pelosi, looking at a…

President Biden told reporters today that he is confident a rail strike will be prevented. Congressional leaders were in agreement.

Biden says he is “confident” a rail strike will be averted; NATO commits to Ukraine; and the Great Barrier Reef is in danger. These stories and more highlight the midday rundown for Tuesday, Nov. 29, 2022. Biden is “confident” strike will be prevented “Congress, I think, has to act to prevent it. It’s not an…

Iranian protests continue but they have not attained geopolitical significance. The ruling elite maintains control and meets its commitments.

Excerpted from Peter’s Nov. 29 “Zeihan on Geopolitics” newsletter: By Michael N. Nayebi-Oskoui I think an update will be helpful as Iran’s current spate of protests continue into their third month. I would like to state at the beginning of this update that as a personal matter, I stand with all people — especially the…

High profile celebrities like Tom Brady and Shaquille O'Neal are named defendants in a class action lawsuit against FTX.

Nearly a dozen high profile celebrities are named defendants in a class action lawsuit against the failed cryptocurrency exchange FTX. Tom Brady, Stephen Curry and Shaquille O’Neal headline a list of playmakers who endorsed the platform through various campaigns. The lawsuit loops in 11 celebrities and the Golden State Warriors with FTX founder Sam Bankman-Fried,…

More than 300,000 immigrants crossed the border in El Paso, Texas last fiscal year, so officials responded with mobile processing centers.

The Border Patrol took in more than 300,000 immigrants in El Paso, Texas, last fiscal year. That’s more than a third of the surrounding county’s population. It’s an influx that overwhelmed the area and led to migrants sleeping on the streets. But the Border Patrol, city and county governments were quick to act and each…

Democrats were up in arms about a Georgia law they claimed suppressed voter turnout. But early voting numbers show otherwise.

As former President Obama campaigns in Georgia, all eyes are on voter turnout. Georgia passed a law in 2021 that overhauled elections in the state by mandating voter identification for absentee ballots and limiting the use of ballot drop boxes. It also adds more staff and equipment in locations that have long lines and it…

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