D.C. Economy "Under Strain," Faces Biggest Spending Cuts Since Great Recession

Los Angeles Ranks Last Among 100 US Metros For Affordability And New Home Construction Authored by Mary Prenon via The Epoch Times, Des Moines, Iowa, ranked first and Los Angeles ranked last in Realtor.com's inaugural report grading the 100 largest U.S. metros on housing affordability and homebuilding activity. A sign is posted in front of a home for sale in Los Angeles on July 9, 2026. Justin Sullivan/Getty Images The results highlighted how local zoning and permitting can affect housing affordability in different areas. The real estate platform's first Metro Affordability and Homebuilding Report...

Major US Shale Producer To Boost Output, And It Suggests One Thing Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is "not like the 2011-2014 shale boom" is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix. But now, on day 35 of Operation Epic Fury, that assumption about...