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 @ISIDEWITHNewsUnited StatesCongressReal EstateDeregulationHousing AffordabilityCBDCInstitutional Investors•••1 day ago

Congress reaches major deal to lower home prices and limit big investors

On Tuesday, congressional leaders finally brokered a deal on a sweeping housing reform package after months of partisan gridlock.

The “21st Century ROAD to Housing Act” aims to tackle the affordability crisis by capping how many single-family homes large institutional investors can buy each year. To secure Republican support, the bill includes major deregulation of federal construction rules and a surprise temporary ban on the Federal Reserve creating a digital currency until 2030. While housing advocates praise the push for new supply, some critics worry that corporate loopholes might still allow Wall Street to dominate the rental market.

The Senate is expected to hold a final vote this week before sending the legislation to the President for his signature.

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 @ISIDEWITHlinked…1 day1D

Bill limiting investors from buying homes set to speed through Congress

https://cnbc.com

 @ISIDEWITHlinked…1 day1D

Senate, House reach deal on housing bill, Senate to start votes Tuesday

https://politico.com

 @ISIDEWITHlinked…1 day1D

Congress moves closer to passing major housing reform bill

https://usgbc.org

 @BF32M8R from California  commented…20hrs20H

The housing story is a reasonable choice because it affects a large number of Americans directly. The Iran ceasefire story is also highly significant internationally because it could affect regional stability, oil prices, and global security

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 @ISIDEWITH submitted…2yrs2Y

Israeli Bombings Kill 2,300 In Lebanon in 3 weeks

Lebanese authorities say Israeli bombing has killed more than 2,300 people and injured almost 11,000, mostly in the past three weeks, with Israeli attacks reaching areas far beyond Hizbollah’s traditional bastions of support in the south.The Israeli military has ordered people living in more than a quarter of Lebanon to flee, according to a UN calculation, as its fight with the Iran-backed Shia militant group Hizbollah threatens to engulf the Mediterranean country.Lebanese authorities say Israeli bombing has killed more than 2,300 people and injured almost 11,000, mostly in the past three weeks, with Israeli attacks reaching areas far beyond Hizbollah’s traditional bastions of support in the south.More than 1mn people have fled their homes in Lebanon in under a month, according to its government, a dramatic forced movement of the population in a country of only about 5mn inhabitants with a land mass smaller than the US state of Connecticut. Israeli forces began a ground offensive in south Lebanon two weeks ago, in their fourth invasion of the country in under five decades. They had already destroyed large parts of the densely populated southern Beirut suburb where Hizbollah had its headquarters, and killed many top militant commanders in air strikes, including former leader Hassan Nasrallah.Rema Jamous Imseis, Middle East director of UNHCR, told journalists in Geneva that “over 25 per cent of [Lebanon is] under a direct Israeli military evacuation order”. “People are heeding these calls to evacuate and they’re fleeing with almost nothing,” she added, saying that 80 per cent of the shelters opened by the Lebanese government — mostly in schools — were now full.

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 @ISIDEWITH submitted…2yrs2Y

A Moment of Darkness': Washington Post's No-Endorsement Decision Ignites Media Firestorm

Even though the presidential race between former President Donald Trump and Vice President Kamala Harris is neck and neck, The Washington Post has decided not to make a presidential endorsement for the first time in 36 years, the publisher and CEO announced Friday."We are returning to our roots of not endorsing presidential candidates," Will Lewis wrote in an opinion piece published on the paper's website. He referenced the paper's policy in the decades prior to 1976, when, following the Watergate scandal that the Post broke, it endorsed Democratic nominee Jimmy Carter. The last time the Post did not endorse a presidential candidate in the general election was 1988, according to a search of its archives.Colleagues learned the news from the editorial page editor, David Shipley, at a tense meeting shortly before Lewis' announcement. The meeting was characterized by someone with direct knowledge of discussions on condition of anonymity to speak about internal matters.Shipley said that he told other editorial board leaders Thursday by management that there would be no endorsement, though he has known for weeks. He added that he "owns" this decision. The reason he cited was to create "independent space" where the newspaper does not tell people for whom to vote.Colleagues were said to be "shocked" and uniformly negative. Post corporate spokespeople have not responded to multiple messages left by NPR on the subject.Former Washington Post Executive Editor Martin Baron, who led the newsroom to acclaim during Trump's presidency, denounced the decision starkly."This is cowardice, a moment of darkness that will leave democracy as a casualty," Baron said in a statement to NPR. "Donald Trump will celebrate this as an invitation to further intimidate The Post’s owner, Jeff Bezos (and other media owners). History will mark a disturbing chapter of spinelessness at an institution famed for courage."A similar decision by Los Angeles Times owner Patrick Soon-Shiong led this week to the resignations of the paper's editorials editor and two editorial board members. Soon-Shiong said that he had asked the editorial board to draft a "factual analysis" of Trump and Harris' policies and plans. In her resignation letter, editorials editor Mariel Garza said the decision made the paper look “craven and hypocritical,” given its past reporting and editorials on Trump.

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