New home construction dropped about 8.5 percent in August, month over month, to 1.307 million units as mortgage interest rates remained above 6.5 percent. The figure was down 6 percent from a year earlier.
Category: 23 September 2025
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TRUMP TEAM MULLS BUILDING FACTORIES TO SPARK MANUFACTURING REVIVAL
Officials in the Trump administration are considering using $550 billion from Japan to build factory buildings in the U.S. as an incentive for key industries to expand or relocate in America, The Wall Street Journal reported.
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COLLEGE GRADS ARE THE NEW CHRONICALLY UNEMPLOYED
The U.S. unemployment rate has held at just above 4 percent for more than a year. However, underneath that headline figure, the number of people out of work for at least 26 weeks—the “long-term unemployed”—has reached 26 percent of jobless workers, the most in more than three years.
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AMERICA’S TWO ECONOMIES ARE MOVING FARTHER APART
The U.S. has two economies that are becoming more and more separate from each other.
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NEW CLAIMS FOR JOBLESS BENEFITS FELL IN MOST RECENT WEEK
In the week ending 13 September, 33,000 fewer people filed new claims for unemployment insurance than during the week before. The number fell from 264,000 to 231,000. In a Wall Street Journal poll, economists had forecasted 240,000 claims.
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CELL TOWER DEVELOPERS REPORTEDLY MISLEAD RESIDENTS ABOUT NEED FOR NEW TOWERS
Robert Berg, an attorney, told Children’s Health Defense that companies that build cell phone towers often lie to the public about the need for such structures in hopes of bamboozling “the local government into claiming a need that doesn’t really exist.”
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MONEY TALKS, BULLSHIT WALKS: BILLIONAIRE WINKLEVOSS TWINS HELP DERAIL TRUMP PICK FOR CFTC CHAIR
The pro-Trump Winklevoss twins, two heavy hitters in the crypto ecosystem who have backed U.S. President Donald Trump’s successful 2024 presidential campaign, reportedly “derailed” Trump’s pick to head the Commodity Futures Trading Commission (CFTC), and there are new possible candidates that are being weighed.
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ERIC TRUMP: CRYPTOS MAY BE ABLE TO SAVE THE U.S. DOLLAR
Eric Trump, who has emerged as a major crypto cheerleader since daddy’s election win in 2024, said earlier this month that he believes that cryptocurrencies could end up saving the dollar because of the potential of foreign investments from “trillions from around the world in wonky currencies.”
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LICENSE TO KILL: DRAFT LEGISLATION COULD GIVE TRUMP THE CHANCE TO KILL ANYONE HE DEEMS A ‘TERRORIST’
Ever since U.S. President Donald Trump took office, he has ramped up his war on drugs by identifying international cartels as terrorists and using that distinction to justify military strikes on alleged drug speed boats out of Venezuela.
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TRUMP ORDERS THIRD STRIKE ON ALLEGED DRUG BOAT AS CONCERNS ABOUT LEGALITY SURFACE IN PENTAGON
U.S. President Donald Trump announced Friday that the U.S. military launched its third strike on an alleged drug vessel in the U.S. Southern Command’s area of responsibility in the Caribbean, resulting in the deaths of what he described as three “male narcoterrorists.”