Existing Home Sales on Track for Worst Year Since at Least 2008

Existing home sales are on track for a dismal year, likely dropping 18% and on course for the worst year since at least 2008’s Great Recession and possibly the worst since 1995. 

And while prices may soften in 2024, single-family homes will remain out of reach for many Americans, National Association of Realtors Chief Economist Lawrence Yun said Tuesday in the real estate organization’s annual summit. 

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Pew Research: Many Teens Use Social Media ‘Almost Constantly’

A new study from Pew Research Center reveals that 1 in 5 American teenagers are on social media websites “almost constantly.”

As reported by Axios, the Pew survey, an online poll with a sample size of 1,453 kids in the 13-17 age range, recorded a significant rise in social media use among that particular age group compared to a previous survey in 2014 and 2015.

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Jury Determines Rudy Giuliani Owes Nearly $150 Million in Damages in Defamation Case

A jury determined that former Trump attorney Rudy Giuliani owes nearly $150 million in damages to two Georgia election workers for making defamatory statements about them after the 2020 election, according to NBC.

U.S. District Judge Beryl Howell found Giuliani defamed Georgia election workers Ruby Freeman and Shaye Moss in August. After a four day trial and over 9 hours of deliberation, a Washington, D.C., jury reached a verdict awarding the two women $148 million in damages, according to NBC News.

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Rep. Jim Jordan Subpoenas Major Investment Firms for Evidence on ESG Collusion

Jim Jordan

House Judiciary Committee Chairman Jim Jordan on Friday subpoenaed two major players in the investment world for evidence in his investigation into Wall Street efforts to impose the liberal climate doctrine known as Environmental Social Governance or ESG and force carbon out of corporate America.

The subpeonas to BlackRock and State Street Global Advisers come months after Jordan made written requests for documents detailing how BlackRock pushed ESG policies in the investment world. Jordan said while his committee got some responsive materials from the two firms, he believes more is warranted.

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Commentary: Is SCOTUS Poised to Overturn Key J6 Felony Count?

An order published by the Supreme Court on December 13 represented a moment hundreds of January 6 defendants and their loved ones had been waiting for: the highest court granted a writ of certiorari petition in the case of Fischer v. USA.

In a nutshell, after more than two years of litigation before federal judges in Washington, SCOTUS will review the Department of Justice’s use of 1512(c)(2), obstruction of an official proceeding, in January 6 cases. A “splintered” 2-1 appellate court ruling issued in April just barely endorsed the DOJ’s unprecedented interpretation of the statute, passed in 2002 as part of the Sarbanes-Oxley Act in the aftermath of the Enron/Arthur Anderson accounting scandal.

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Commentary: Seven Forgotten Christmas Traditions to Bring Back

Tradition is the cumulative experience of thousands of human lives. It is the conclusions reached by countless ancestors who tested what it meant to live well. Unfortunately, we are losing many of our traditions and their accompanying wisdom, abandoning the practices by which we speak to the past, and the past speaks to us.

One way our ancestors lived well was by engaging in certain yearly celebrations surrounding Christmas and the holiday season. They bequeathed many of these delightful and meaningful celebrations to us—if we care to receive them.

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Commentary: Americans Turn on Globalists Saying Government Spending, Greed, and Global Issues Drive Inflation

A new survey reveals inflation is still the primary concern for Americans by a wide margin, and the public is beginning to turn on big government and recognize government spending and globalism as the culprits behind a dwindling standard of living.

This comes at a time when the country is poised to choose between another four years of excessive spending and an evaporating middle-class or return to an America First philosophy that strengthens the middle-class and structures international policy in our favor.

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U.S. Retail Sales Rose in November Despite Expected Decline

U.S. retail sales rose 0.3% in November compared to the previous month, the Commerce Department said Thursday, despite the Dow Jones estimate that sales would decline by 0.1%. 

The 0.3% estimated increase in U.S. retail and food service sales outpaced inflation from October to November, which was 0.1%. The retail sales are also up 4.1% when compared to the same time last year, the department said, which is still above the inflation rate of 3.1% from November 2022 to November 2023.

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Biden Admin Unveils New Green Subsidy Guidelines That Could Allow China to Cash In

The Biden administration released proposed rules for green manufacturing tax credits on Thursday, leaving the door open for Chinese firms to capture their value.

The proposed guidance, released by the Treasury Department, clarifies the eligibility requirements for Inflation Reduction Act (IRA) subsidies meant to incentivize domestic manufacturing of products like solar panels and electric vehicle (EV) parts, according to its text. The guidelines do not include restrictions on entities linked to adversarial foreign countries, and they would allow for China-tied companies to capture the value of tax credits if they establish operations in the U.S. that meet all other eligibility requirements.

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