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14.06.26 - 00:42
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MPs call for end to real estate event over fear it pushes sale of Israeli settlements (The Guardian)
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More than 100 UK lawmakers urge government to cancel London event, warning it is linked to land 'stolen from Palestinians'More than 100 UK lawmakers have called for the cancellation of an Israeli real estate event scheduled to take place in London on Sunday, which had appeared to advertise the sale of land in Israeli settlements in the occupied West Bank.In a letter sent to the foreign secretary on Friday, 101 parliamentarians and members of the House of Lords, warned the event was “firmly embedded in Israel's project of colonial expansion by facilitating the sale of land that has been stolen from Palestinians” and called on the government to take “all necessary steps” to stop the event from going ahead in the capital. Continue reading......
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12.06.26 - 14:00
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As China′s economy lumbers amid property crisis, why hasn′t AI helped pick up the slack? (SCMP)
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Unlike the US, artificial intelligence (AI) may not be a panacea for China's economy amid its deep property crisis, as the technology can further widen the country's economic bifurcation, an economist said.
“AI isn't boosting China's economy as much [as it is in the US], and we also have to worry about some of the negative side effects,” said Lu Ting, chief China economist at Nomura, at a media briefing in Beijing on Thursday.
Currently, AI drives about half of the US economy, Lu said, and its......
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12.06.26 - 00:39
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One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability (ZeroHedge)
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One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability
Rental affordability remains far superior to mortgage affordability, with the U.S. 30-year fixed mortgage rate trending around 6.5% in early June. With home prices still at record highs, last week's housing report showing sellers pulling listings at a near-record pace as buyers balk at prices is yet another warning sign that the frozen housing market remains well intact.
The Trump administration's affordable housing strategy focuses on market deregulation, expanded homeownership, stricter citizenship requirements for federal housing assistance, and Fannie Mae and Freddie Mac purchasing $200 billion of their own mortgage-backed securities to artificially lower mortgage rates and increase home affordability.
Even with all that, the housing market remains locked in a deep freeze into early summer, as the math for prospective homebuyers just does not add up, largely due to a housing shortage.
JPMorgan analysts recently said tha...
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