US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates

Buildings Collapse After 7.8 Magnitude Earthquake Strikes Philippines; Tsunami Warnings Issued A powerful 7.8-magnitude earthquake struck off the coast of Sarangani province in Mindanao early Monday morning, triggering tsunami warnings and causing reported building collapses in the General Santos area. The quake hit at approximately 7:37 a.m. local time, with its epicenter located roughly 26 kilometers southwest of Kablalan in Sarangani Province. The U.S. Geological Survey recorded the event at magnitude 7.8, while the Philippine Institute of Volcanology and Seismology (Phivolcs) initially reported a preliminary magnitude of 7.0. Tsunami Warning Issued Phivolcs immediately...

US Nuclear Renaissance Finally Starts...? TNC Plans New South Carolina Reactor The Nuclear Co. (TNC), a startup that emerged from stealth in 2024 as America’s full-stack nuclear project integrator, is preparing to propose one of the first large-scale conventional reactor builds in the United States in more than a decade.  According to Bloomberg, the company could unveil plans as soon as this week for an AP1000 reactor at one of three potential sites in South Carolina. The move comes as surging electricity demand, fueled largely by AI data centers, forces utilities...

Waste Of The Day: Town Manager's Snacking Spree Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Michael Boaz, the former town manager of Pilot Mountain, North Carolina, made hundreds of unauthorized purchases on his city credit card from 2022 to 2024, including bullets and a hotel for his family vacation, according to a state audit released in May. Boaz was fired in 2024 when the allegations first came to light. Now that a state audit confirmed the questionable purchases, he has been indicted for felony embezzlement. Key facts: Boaz' questionable purchases totaled $18,426, much...