“According to Freddie Mac, the rate for a 30-year fixed-rate mortgage has climbed to 7.09 percent, an uptick from the 5.13 percent it was at a year prior.
A mortgage rate is “the interest rate charged for a home loan,” and effectively the monthly cost of borrowing that money. As mortgage rates have gone up, monthly payments have gotten more and more pricey for people looking to purchase a home even if the base price of the house stays the same.
For example, under a 3.22 percent 30-year fixed mortgage rate in January 2022, the monthly payment on a $400,000 house in New York with a 20 percent down payment was $1,716, per a Bankrate calculator. Now, under a 7.09 percent mortgage rate in August 2023, the monthly payment on the same house with the same price would be $2,477.
Such costs have had an impact on the housing market: As mortgage rates have increased, some potential buyers have held off on purchasing houses, while sellers have similarly been less likely to list their property. For current homeowners, there’s a major incentive to wait until rates go down before deciding to re-enter the market and search for their next house.
“These higher mortgage costs are a tremendous barrier to entry for anyone wanting to enter the housing market,” Gregory Daco, the chief economist for Ernst & Young, tells Vox.”
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“One of the biggest factors in the rise in mortgage rates is the Fed’s approach to monetary policy, which includes interest rate hikes aimed at combating inflation.”
“Thanks to a vague law and even vaguer directions from Florida’s education department, some school district leaders remain unsure if the course is even legal to teach. It’s a situation that highlights how difficult — and confusing — it has become for schools to navigate the state’s increasingly restrictive education policies.”
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“Florida, the College Board declared, had “effectively banned AP Psychology.””
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“Díaz sent a letter to district leaders on August 4 to clear things up. “The Department of Education is not discouraging districts from teaching AP Psychology,” it read. When district leaders asked for further clarification, Díaz responded in a follow-up letter on August 9 — just a day before the school year was set to begin in much of the state — insisting, “It is the Department of Education’s stance that [the] learning target … can be taught consistent with Florida law.” Díaz again rejected the assertion that the state had banned the course.”
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“Districts have had to do a frenzied dance to keep up with the quick changes. One day, Mike Burke, Palm Beach County’s school chief, apologetically announced that he was removing AP Psych, stating, “If there was a way we could teach this course and not have our teachers get arrested, we would do it in a second,” according to the Palm Beach Post — and he reversed that decision just days later.
Other districts aren’t adding back AP Psychology, having already ordered textbooks for alternate courses, while some are refusing to re-adopt the course because they’re fearful that teachers could still face legal consequences. Meanwhile, some districts were prepared to just ignore the state’s mixed messages all along. “I have communicated to our staff to respect the law and follow the law, but not to fear the law and do more than it requires,” Leon County Schools Superintendent Rocky Hanna said in a statement.
For many, however, the fear had already taken hold. Seven of the 11 districts with the largest enrollments in the course said they would make the switch to an alternative class, rushing to catch teachers up on the new material”
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” A series of laws signed by Gov. DeSantis in the past two years have created significant challenges for educators. The laws, which critics call “classroom gag orders,” build on one another, creating a web of restrictions that educators must navigate to avoid legal consequences. The AP Psychology course could technically be considered illegal under three of the state’s restrictive education laws — the “Don’t Say Period” law, the “Don’t Say Gay” law, and the Stop WOKE Act, which bans schools and businesses from teaching anything that could make anyone feel “guilt, anguish or any form of psychological distress” because of their race, gender, sex, or national origin.”
“Ron DeSantis had just been sworn in as a member of the House in 2013 when he voted against sending $9.7 billion in disaster relief to New York and New Jersey, two states still reeling from the damage of Hurricane Sandy.
“I sympathize with the victims,” the Florida Republican said at the time, but objected to what he called Congress’ “put it on the credit card mentality” when it came to government spending.
Now, a day after Hurricane Idalia pummeled Florida less than a year since Hurricane Ian’s destruction, DeSantis is not objecting to federal borrowing when it’ll help his disaster-stricken state. As Florida’s governor — and a 2024 White House contender — he is in regular contact with President Joe Biden as the state seeks dollars from Washington to rebuild from the storm wreckage, assist rescue efforts and aid displaced residents.”
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” DeSantis’ vote a decade ago was based on his opposition to the Sandy package’s “additional pork spending,” a spokesperson for his presidential campaign said”
“Although depleted uranium is a byproduct of uranium enrichment, U.S. officials say the munitions are common and do not present a radioactive threat. They cite studies by the International Atomic Energy Agency, the United Nations’ nuclear watchdog, showing “the existence of depleted uranium residues dispersed in the environment does not pose a radiological hazard to the population of the affected regions.”
However, opponents such as the International Coalition to Ban Uranium Weapons say there are dangerous health risks, including cancer, from touching or ingesting depleted-uranium dust.”
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“U.S. officials ultimately decided to send the munitions because they are considered the most effective way of arming U.S.-made Abrams tanks, according to a Defense Department official familiar with the plans. The first tranche of 10 Abrams will arrive in Ukraine in mid-September, after a group of Ukrainian soldiers finished a training program to use them last month, POLITICO first reported.”
“If Russia hadn’t invaded, Ukraine was meant to hold parliamentary elections next month and a presidential vote in March 2024.
Whether elections could or should happen is once again a lively topic of discussion in Kyiv, after U.S. Senator Lindsey Graham in late August called for Kyiv to organize “free and fair” elections even when it is under all-out assault from Russian attacks.
Ukrainian President Volodymyr Zelenskyy is strongly suggesting he wants to run for a second term. “In 2024, if the war continues and if elections are held, I will never in my life abandon my country. Because I am the guarantor of the Constitution, and I will defend it in any case,” he said in a recent interview with the Portuguese public broadcaster RTP.
Zelenskyy responded to Graham by saying he is ready — if parliament agrees — to overturn the martial law that bans the country from holding elections in time of war, but it’s a topic that raises major questions about democratic legitimacy: most TV channels are heavily controlled by the government, soldiers would have to vote in frontline trenches and millions of Ukrainians have fled abroad.”
“If you are angry at the Supreme Court, you are right to be angry. Many of this Court’s decisions are completely lawless — such as the Court’s recent decision in Biden v. Nebraska (2023), which ignored a federal law that unambiguously authorized Biden’s student loan forgiveness program. They demand anger. And that anger isn’t just righteous, it is useful.
But I also want to counsel against despair — that is, I want to counsel against the absence of hope.
The Court’s GOP-appointed majority is starting to draw some fences around the conservative legal project. The Court appears unwilling to attack entrenched parts of the American welfare state. It smacked down a Trump judge who attempted to ban the abortion drug mifepristone. It has rejected legal arguments that would devastate the US economy or threaten its national security.
And, most importantly, the Court is now signaling that it may preserve America’s ability to hold free and fair elections (or, at least, to hold elections that are as free and fair as possible in a nation with an Electoral College and a malapportioned Senate).”