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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Edward Coristine, Key Player on Elon Musk’s DOGE Team, Resigns
Edward Coristine, a 19-year-old operative for the Department of Government Efficiency known as "Big Balls," resigned amid criticism of his inexperience and controversial background. Hired by Elon Musk's team to reduce federal bureaucracy, he oversaw various agency projects, including budget cuts at the State Department and immigration visa sales, before his email was deactivated following his resignation. Explain It To Me Like I'm 5: Edward Coristine, a young government worker known as "Big Balls," quit...
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