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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Colossal squid filmed for the first time 2,000 feet under the ocean’s surface
A colossal squid, the largest squid species, was filmed in its natural habitat for the first time by the Schmidt Ocean Institute on March 9, 2023, in the South Atlantic Ocean, about 2,000 feet below the surface near the South Sandwich Islands. This juvenile squid, measuring approximately 11 feet long, is part of a conservation effort to understand these elusive creatures, which can grow up to 43 feet and weigh 1,100 pounds. The expedition, aimed...
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