Socialism Simplified: A System Where Government Uses Your Money To Solve Everyone Else's Problems

Prospective Homebuyers Face Another Year Without Affordability Relief Goldman economist Ronnie Walker has some bad news for prospective homebuyers: while the housing market appears soft but broadly stabilizing, affordability pressures are unlikely to abate anytime soon. Walker expects mortgage rates to remain elevated through next year, while national home prices are still forecasted to rise modestly. That means buyers waiting for a price correction or lower rates may be disappointed, as the market remains locked in an ultra-low-turnover environment where high borrowing costs, limited affordability, and sticky prices keep many folks...

Houthis Attack Multiple Saudi Airports, Wounding Bystanders - Warn Civilian Infrastructure Now In Crosshairs Yemen's Ansar Allah movement, or Houthis, have over the past 48 hours been targeting airports along with Aramco sites within Saudi territory, and have warned further that civilian infrastructure will increasingly be fair game in retaliation for the Saudi blockade imposed on Yemen. Houthi military spokesman Yahya Saree also declared Tuesday that this is the result of the ongoing Saudi bombing campaign. The kingdom's Abha International Airport in the southwest of the country has come under fresh missile attack...

Countdown Begins: Former Central Bank Advisor Warns Food-Price Shock Could Hit "Within 6 To 9 Months" Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and a former advisor at the Bank of Russia, warned on X that the near-shutdown of the Strait of Hormuz has triggered an energy shock that risks morphing into a "slower, more consequential story": fertilizers. "A near-shutdown of the Strait of Hormuz is triggering a supply shock that will show up in food prices 6–9 months from now," Prokopenko wrote on X, adding, "Putin's gains...