Federal Reserve Chairman Jerome Powell warned of a growing crisis in the insurance industry affecting mortgage availability in high-risk areas due to insurers pulling out amid climate change-related disasters. Policy cancellations are leading to buyers resorting to state-designed insurers of last resort with higher premiums and limited coverage. Powell highlighted the issue of housing affordability, attributing it to supply shortages and emphasizing that interest rate normalization may not alleviate the problem.
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Michael Paul Brown: Inside the weeklong search for the suspect in the Anaconda, Montana killings
In a shocking incident on August 1, Army veteran Michael Paul Brown shot and killed four patrons at The Owl Bar in Anaconda, Montana, before going into hiding, triggering a week-long manhunt. The local community was left in fear and uncertainty as authorities, including the FBI, searched extensively for Brown in the surrounding wilderness, leading to lockdowns and heightened security measures. Want More Context? 🔎
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