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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Canada’s PM wants to fast-track ‘nation building’ – but can he convince indigenous First Nations?
Jeronimo Kataquapit, a member of Ontario's Attawapiskat First Nation, protests outside The Ring of Fire against a provincial law designating the area as a "special economic zone" for mining, fearing it undermines indigenous rights. Prime Minister Mark Carney's "One Canadian Economy Act" aims to spur investment, but has sparked backlash from indigenous leaders for potentially bypassing necessary consultations and environmental assessments. Explain It To Me Like I'm 5: Jeronimo Kataquapit, a young member of a...
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