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US Pending Home Sales Plunge Back Near Record Lows In July

US Pending Home Sales Plunge Back Near Record Lows In July Following another disappointment in existing home sales in July, weak homebuilder sentiment, and plunging housing starts, pending home sales tumbled for the second month in a row in July (-2.3% MoM vs 0.0% exp - below thew worst forecast), dragging sales down 2.5% YoY - the biggest annual drop since April 2025... This decline matches the second-worst reading in data back to 2001... “The highest mortgage rates of the year hit right in the middle of summer, and that’s pulling back contract...
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Feb 13, 2026 / Tyler Durden
The Unsettling Truths The Epstein Files Reveal About Power And Privilege
The Unsettling Truths The Epstein Files Reveal About Power And Privilege Authored by Patrick Keeney via The Epoch Times (emphasis ours), The public fixation on the Epstein files has settled, predictably, on the most lurid elements of the story. This is understandable. Sexual exploitation, particularly of the young, is among the most corrosive of crimes, and the scale of Epstein’s abuse, as well as the apparent indifference of powerful institutions to it, demands moral outrage. But to focus exclusively on the sexual scandal is to miss the deeper and more unsettling lesson the...
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Jun 30, 2026 / Tyler Durden
xAI Rolls Out Data Center Dividend For Residents Around Memphis Colossus
xAI Rolls Out Data Center Dividend For Residents Around Memphis Colossus xAI Memphis, Elon Musk's supercomputing and data center complex in the Memphis metro area - better known as Colossus - appears to be testing a version of the "data center dividend" for residents in the surrounding community. The offer of Starlink service with no upfront hardware costs and a substantial monthly discount appears to be an attempt by xAI to turn local goodwill into political insulation, as AI data centers face growing scrutiny over soaring power demand, grid strain, and...
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Jun 3, 2026 / Tyler Durden
Welsh Police Officers Ordered To Log Anti-Islam Comments In Chilling Free Speech Crackdown
Welsh Police Officers Ordered To Log Anti-Islam Comments In Chilling Free Speech Crackdown Authored by Steve Watson via Modernity.news, Britain's free speech traditions face fresh erosion as South Wales Police directs officers to record conversations and comments about Islam that stray beyond what the force deems "legitimate" discussion. The policy, exposed in recent social media posts, risks logging lawful criticism as hostility incidents that could surface in future employment checks. This move builds directly on the Labour government's March definition of "anti-Muslim hostility" and exposes how public bodies are "gold-plating" safeguards meant to...
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