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WASHINGTON: US home sales fell more than expected in November after five straight month of gains amid a shortage of properties and more expensive houses, but the housing market remains underpinned by record low mortgage rates. The National Association of Realtors said on Tuesday that existing home sales fell 2.5 per cent to a seasonally adjusted annual rate of 6.69 million units last month. Economists polled by Reuters had forecast sales declining 1.0 per cent to a rate of 6.70 million units in November. Existing home sales, which account for the bulk of US home sales, surged 25.8 per cent on a year-on-year basis in November. Sales fell in the South, Midwest and Northeast. They were flat in the West. The housing market has been the economy's star performer, thanks to pent-up demand and historically low mortgage rates. The COVID-19 pandemic has left 21.8 per cent of the labour force working from home. That has led to a migration from city centres to suburbs and other … [Read more...] about US existing home sales fall more than expected in November

advertisement advertisement advertisement Tesla’s Elon Musk and Amazon’s Jeff Bezos have been vying for the world’s-richest-person ranking all year after the former’s wealth soared a staggering $160 billion in 2020, putting him briefly in the top spot . advertisement advertisement Musk isn’t alone in seeing a significant increase in wealth during a year of pandemic, recession, and death. Altogether, the world’s billionaires saw their wealth surge over $1.9 trillion in 2020, according to Forbes . Those are astronomical numbers, and it’s hard to get one’s head around them without some context. As anthropologists who study energy and consumer culture, we wanted to examine how all that wealth translated into consumption and the resulting carbon footprint. Walking in a billionaire’s shoes We found that billionaires have carbon footprints that can be thousands of times higher than those of average Americans. The … [Read more...] about Private planes, mansions, and superyachts: What gives billionaires such a massive carbon footprint

MARIETTA, Georgia: Hundreds of people lined up in a cold rain on Monday (Dec 14) to cast ballots in a pair of US Senate races in Georgia that will determine control of the chamber and heavily influence Democratic President-elect Joe Biden's ability to enact his agenda. Election experts said turnout on the first day of early voting in a contest that ends on Jan 5 could offer clues to which side ultimately prevails: Republican Senators David Perdue and Kelly Loeffler, or their respective Democratic challengers: Jon Ossoff and Raphael Warnock. "On the first day of early voting during the general election, there were people lined up long before the polls opened. If we see something like that, I think that would bode well for the Democrats," said Michael McDonald, a University of Florida political science professor who administers the US Elections Project. Each side has made the race about Senate control and the success of Biden's priorities, with Republicans warning voters that … [Read more...] about Hundreds line up to vote in Georgia elections that will set control of US Senate

Former President Obama went to bat for Sen. Elizabeth Warren Elizabeth Warren Exclusive: How Obama went to bat for Warren Minimum wage setback revives progressive calls to nix Senate filibuster Democratic strategists start women-run media consulting firm MORE (D-Mass.) during the 2020 Democratic primary at a private meeting with donors, according to a new excerpt from "Lucky" provided exclusively to The Hill. President Biden Joe Biden House Democrats pass sweeping .9T COVID-19 relief bill with minimum wage hike Biden to hold virtual bilateral meeting with Mexican president More than 300 charged in connection to Capitol riot MORE served with Obama for eight years as his vice president, but the new book “Lucky: How Joe Biden Barely Won the Presidency,” by The Hill's Amie Parnes and Jonathan Allen of NBC, shows Obama helping Warren in an an October 2019 meeting in New York City with a group of powerful Black donors from the corporate … [Read more...] about Exclusive: How Obama went to bat for Warren

Destiny 2 studio Bungie is taking some big steps toward the future, including an "extensive expansion" to its headquarters in Bellevue, Washington, the opening of its first-ever international office in Amsterdam, new additions to its board of directors, and—this is the part we really care about—plans to expand Destiny into "additional media." On top of all that, it's also still planning to release at least one new, non-Destiny game sometime within the next four years. "The past several years have been a time of tremendous growth and opportunity for Bungie," CEO Pete Parsons said . "We are home to some of the brightest and best talent in the industry, and we look forward to expanding upon both our talent pool this year and increasing the resources to support them." The expansion of Bungie's home office will more than double its size, which will help it to "increase the commitment to the long-term development of Destiny 2, tell new stories in the Destiny Universe, and create … [Read more...] about Bungie wants to expand Destiny 2 into ‘additional media’