According to a recent study conducted by Florida Atlantic University, the housing market in some parts of the United States remains overpriced, with buyers paying much more than homes are actually worth. The study compared the historical trends of expected home values to the average list prices across the 100 largest metro areas, identifying the cities with the largest percentage differences between the two. Surprisingly, five of the ten most overpriced housing markets in the country are located in Florida, with Atlanta, Georgia taking the number one spot. In this article, we’ll take a closer look at the gap between expected home values and actual prices across these ten markets and explore whether the housing market is starting to cool down.
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“Internet for All,” as the Biden administration put it, will soon be a reality if America keeps its priorities straight. During his State of the Union address, President Joe Biden set a high bar, “We’re going to buy American,” as the U.S. spends billions of dollars on new broadband connections. This is a smart strategy to create American jobs and boost the U.S. economy, but our leaders must not sacrifice speed in the race to close the digital divide in cases where “Buy American” isn’t yet a realistic option.
Under the $42.45 billion Broadband Equity, Access, and Deployment (BEAD) Program, for example, every participating state — as well as Puerto Rico and the District of Columbia — will receive a minimum of $100 million for internet infrastructure, with more to be doled out based on each state’s proportional number of unserved locations. Cartesian estimates that fiber providers will contribute another $22 billion in funds for $64 billion in total, which is “sufficient to achieve the program’s availability goal” of making broadband service “available to all eligible locations.” That’s a first.
The Infrastructure Investment and Jobs Act (IIJA), signed into law by President Biden on November 15, 2021, also included $14.2 billion for the Affordable Connectivity Program, which has helped over 17 million American families pay for a home broadband connection that they otherwise would struggle to afford. What’s more, the bill set aside $2.75 billion for Digital Equity programs; $2 billion for the Tribal Broadband Connectivity Program; $2 billion for the Rural Utilities Service Distance Learning, Telemedicine and Broadband Program; and $1 billion for a new Middle Mile grant program. This truly is broadband’s moment in the sun.
The Phaethon asteroid has been a source of intrigue for astronomers for its unusual characteristics and mysterious sodium gas tail. Recent NASA research has revealed that the asteroid is even weirder than previously thought, as it acts like a comet and its tail is made of sodium gas instead of dust. This discovery has led scientists to question whether other so-called “comets” may actually be rocky asteroids heated by the sun. Phaethon is also the source of the annual Geminid meteor shower, and experts are now trying to understand how its sodium gas tail provides material for the shower each December. An upcoming Japan Aerospace Exploration Agency mission is expected to shed more light on Phaethon’s secrets. Despite its potential hazards, NASA’s continued study of Phaethon is proving to be a fascinating avenue of research for astronomers.
Elon Musk, the CEO of Tesla, recently made waves on Twitter with his commentary on the housing market. In a tweet, Musk stated, “They dug their own graves” in reference to the housing bubble. This controversial statement has sparked discussions and debates about the impact of Musk’s opinions on the economy. Many experts have weighed in on the matter, sharing their thoughts on the potential consequences of Musk’s critique. With Musk’s track record of moving markets with his tweets, investors are left to wonder what his take on the housing market means for their portfolios.
Hackers are targeting AT&T email accounts with the intention of stealing cryptocurrency, and it’s important for users to be aware of this threat. The attack involves accessing the victim’s email account and then using that access to hack into their cryptocurrency exchange’s account. According to an anonymous source, the hackers are able to do this because they have access to a part of AT&T’s internal network, which allows them to create mail keys for any user. AT&T email users are at risk for cryptocurrency theft, and it’s crucial to take steps to protect your cryptocurrency. This article covers the mechanics of the attack, the reasons AT&T email users are vulnerable, and offers advice on how to secure your email account and recover your cryptocurrency if it has been stolen.
A Robin Hood hacker has recently stolen Russian cryptocurrency funds and donated them to Ukraine’s poor, according to CoinDesk. The hacker accessed hundreds of cryptocurrency wallets that belonged to Russia’s intelligence agencies, including the FSB, GRU, and Foreign Intelligence Service, and transferred the stolen bitcoins to Ukrainian volunteers. The hacker used blockchain and bitcoin technologies to his advantage, gaining access to the crypto wallets through an as yet unknown feature. Analysts believe the hacker may have infiltrated Russian intelligence services to access the wallets. The first hacks occurred just before Russia invaded Ukraine in February of this year. The hacker initially intended to destroy the stolen funds, but ultimately donated them to Ukraine’s impoverished population.
According to David Doyle, head of North America economics at Macquarie, the US economy is headed toward a more severe downturn than the Federal Reserve is predicting. Inflation is too high for investors to rely on the Fed’s monetary policy to support the economy and markets, which weakens the Fed’s ability to implement a “Fed put”. Despite recent market rallies, Doyle warns of an impending recession for the US economy, which he predicts will be slightly more severe than what the Fed and the market are forecasting. Furthermore, the central bank won’t bail out stocks during the upcoming recession. The Fed has raised interest rates to tame inflation, which had run at four-decade highs before cooling in recent months. The aggressive rate hikes are likely to drag on the economy, and the central bank’s own policymakers have acknowledged the risk of a “mild recession”.
In the potential 2024 rematch between President Joe Biden and former President Donald Trump, Americans across the country have mixed opinions on who would come out on top. Residents in Nashville and Baltimore shared their thoughts with Fox News, with some predicting a Trump victory despite ongoing controversies. Others, like Anikee from Baltimore, believe Biden would prevail. Both candidates face low approval ratings, according to an NBC News poll, with 60% of U.S. adults saying Trump should not run and 70% saying the same of Biden. Despite the lack of enthusiasm for either candidate, Biden announced his run for a second term, and Trump launched his own campaign in November. Nevertheless, some Americans express disgust with the division caused by a potential Trump-Biden face off, and hope to see other candidates emerge.
As airports brace for an expected surge in travelers this summer season, the Transportation Security Administration (TSA) is rolling out a new piece of technology aimed at making airport security checkpoints faster and more efficient. The updated ID scanner comes equipped with a biometric camera that uses facial recognition technology to verify passengers’ identities. Travelers need only insert their ID into the machine and look at the camera, and the self-service device matches their facial scan to the photo on their driver’s license or passport. If their identity is validated, they can proceed to the security checkpoint with minimal interaction with TSA agents. Although the system is voluntary, it has been designed to reduce touchpoints and save time for passengers. According to the TSA, the facial scans are only used to compare to travelers’ picture IDs and are not saved or used for any other purpose. The machines are also capable of reading various types of IDs, including permanent resident cards, military common access cards, and Global Entry cards.
Biofire, a Colorado startup, has created the first working biometric smart gun that uses facial and fingerprint recognition technology to ensure that only authorized users can fire it. The handgun has a small fingerprint sensor on the grip and a 3-D facial recognition sensor on the back. If someone who is authorized picks up the weapon, it lights green and turns on. Once they put it down, it turns off. If anyone else tries to fire the gun, it won’t work. Biofire’s founder and CEO, Kai Kloepfer, was inspired to create the innovative solution after a shooter killed 12 people at a movie theater in Aurora, Colorado. The company has already secured $30 million in venture capital funding, and is now accepting pre-orders.