Fully 50 percent of New York City households lack the income to pay rent, buy enough food, afford health care, and to pay the costs of transport around the city, according to a report released 25 April by the nonprofit Fund for the City of New York and the United Way of New York City.
Homeowners who sold their residences in this year’s first quarter averaged a 44.2-percent profit, compared to 48.7 percent the quarter before, marking the third consecutive quarterly decline as well as a two-year low, according to ATTOM, a real estate data service.
The number of newly built homes will increase this year by 4.5 percent compared to 2022, rising to 670,000 this year and 750,00 next year, the National Association of Realtors (NAR) has predicted.
Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo Bank collectively wrote off $3.4 billion in loans gone sour during this year’s first quarter, 73 percent more than in the same period in 2022, Bloomberg reported.
As of 26 April, the U.S. Federal Reserve had made $155.2 billion in emergency loans to banks as the industry continued to wobble following the simultaneous collapse of Signature and Silicon Valley banks in mid-March.
Americans earning $200,000 a year or more filed 113,796 claims for unemployment benefits in recent weeks, the highest rate since the COVID War began to wane, according to Fundstrat Global Advisors.
Fascism, according to Benito Mussolini, is the merger of state and corporate powers.
During this year’s first quarter, wages and benefits paid to workers rose 1.2 percent, according to the U.S. labor department’s Employment Cost Index.
U.S. economic growth slowed to 1.1 percent in this year’s first quarter, bogged down by business’s reluctance to invest amid stubborn inflation, rising interest rates, and a cloudy economic future, Bloomberg reported.
In January, U.S. Federal Reserve chair Jerome Powell had a phone conversation with a man he believed—incorrectly—to be Ukrainian president Volodymyr Zelensky.