The Red-Hot Housing Market Could Get a Boost It Doesn’t Need

Randall W. Forsyth

The task of propping up the economy again appears left to the Fed, absent some fiscal action, which appears unlikely during the lame duck interregnum.

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  • Newly installed senior counterintelligence official names China as top long-term threat

    Counterintelligence official Michael Orlando joins a growing chorus of voices on both sides of the political aisle who point to China as a major national security threat, particularly in terms of technology and cybersecurity.

  • Trudeau stresses "disappointment" with Keystone XL in first official call with Biden

    Canadian Prime Minister Justin Trudeau on Friday expressed his "disappointment" with President Biden's executive order to rescind permits for the Keystone XL pipeline, in a readout of the president's first official call with a foreign leader.Why it matters: The prime minister has long backed the pipeline meant to carry crude oil from Alberta to Nebraska. Biden, however, campaigned on the cancellation of the Keystone XL pipeline.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.What he's saying: In a news conference earlier Friday, Trudeau said: “We have so much alignment — not just me and President Biden, but Canadians and President Biden." He added, "I’m very much looking forward to working with President Biden,” per the New York Times. * On the call, however, Trudeau "raised Canada’s disappointment with the United States’ decision on the Keystone XL pipeline," according to the readout. * "The Prime Minister underscored the important economic and energy security benefits of our bilateral energy relationship as well as his support for energy workers."The big picture: The pipeline project originally came with an $8 billion price tag and was expected to carry roughly 830,000 barrels of crude oil daily from Canada through Nebraska, per The Washington Post. * Though President Obama rejected the pipeline, President Trump gave it the green light once in office. * Lawsuits slowed construction on the project throughout Trump's administration. * Two Native American communities sued the government over the pipeline last year, charging the government did not consult with tribes on the pipeline's proposed path, which crosses tribal lands. * Its permit repeal is one of several "critical first steps to address the climate crisis, create good union jobs, and advance environmental justice, while reversing the previous administration’s harmful policies," according to the Biden administration.In their Friday call, the two leaders discussed collaborating on COVID vaccines and the flow of critical medical supplies, efforts to work with Indigenous people and plans to address climate change through cross-border clean electricity transmission and net-zero emissions. * "Both leaders have made combating climate change, defending human rights and strengthening international institutions central to their platforms," the Times writes. * "The leaders reiterated their firm commitment to multilateral institutions and alliance," per the readout.Flashback: In 2017, Trudeau touted the Keystone XL pipeline, saying: "No country would find 173 billion barrels of oil in the ground and just leave them there. The resource will be developed. Our job is to ensure that this is done responsibly, safely and sustainably." Go deeper: Biden talks climate in calls with foreign leadersBe smart: sign up FREE for the most influential newsletter in America.

  • UN agency: Libyan navy intercepts over 80 EU-bound migrants

    Libya’s coast guard intercepted on Friday more than 80 Europe-bound migrants in the Mediterranean Sea off the coast of the North African country, the U.N. migration agency said. The migrants were returned to Libyan soil, said the International Organization for Migration. “So far this year, some 300 people, including women and children, were returned to the country and ended up in detention,” said the IOM.

  • Exclusive: Notorious Albanian gangster smuggles mobile phone into British prison cell to post birthday wishes to family

    An Albanian gangster jailed for 27-years for smuggling huge quantities of heroin and cocaine into Britain has been making a mockery of justice by running a social media account from his prison cell. Posing with fellow gang members, Valjet Pepaj, has even used Instagram to flirt with women on the outside, boasting that he expects to be free in four years. The 31-year-old was given a lengthy sentence in April 2018 after admitting three counts of conspiracy to supply Class A drugs. He was jailed alongside two other men following a six month undercover police operation which resulted in the seizure of 50 kilograms of heroin and cocaine, worth in excess of £2 million.

  • Biden's acting attorney general signed off on reassigning prosecutor who objected to family separations

    The incident would have made Wilkinson aware families were being separated long before the Texas pilot program for zero tolerance was known to the public.

  • Tulsi Gabbard: Domestic-Terrorism Bill Is ‘a Targeting of Almost Half of the Country’

    Tulsi Gabbard, the former Democratic representative from Hawaii, on Friday expressed concern that a proposed measure to combat domestic terrorism could be used to undermine civil liberties. Gabbard’s comments came during an appearance on Fox News Primetime when host Brian Kilmeade asked her if she was “surprised they’re pushing forward with this extra surveillance on would-be domestic terror.” “It’s so dangerous as you guys have been talking about, this is an issue that all Democrats, Republicans, independents, Libertarians should be extremely concerned about, especially because we don’t have to guess about where this goes or how this ends,” Gabbard said. She continued: “When you have people like former CIA Director John Brennan openly talking about how he’s spoken with or heard from appointees and nominees in the Biden administration who are already starting to look across our country for these types of movements similar to the insurgencies they’ve seen overseas, that in his words, he says make up this unholy alliance of religious extremists, racists, bigots, he lists a few others and at the end, even libertarians.” She said her concern lies in how officials will define the characteristics they are searching for in potential threats. “What characteristics are we looking for as we are building this profile of a potential extremist, what are we talking about? Religious extremists, are we talking about Christians, evangelical Christians, what is a religious extremist? Is it somebody who is pro-life? Where do you take this?” Gabbard said. She said the proposed legislation could create “a very dangerous undermining of our civil liberties, our freedoms in our Constitution, and a targeting of almost half of the country.” “You start looking at obviously, have to be a white person, obviously likely male, libertarians, anyone who loves freedom, liberty, maybe has an American flag outside their house, or people who, you know, attended a Trump rally,” Gabbard said. The Domestic Terrorism Prevention Act of 2021 was introduced in the House earlier this week in the aftermath of rioting at the U.S. Capitol earlier this month that left five dead. “Unlike after 9/11, the threat that reared its ugly head on January 6th is from domestic terror groups and extremists, often racially-motivated violent individuals,” Representative Brad Schneider (D., Ill.) said in a statement announcing the bipartisan legislation. “America must be vigilant to combat those radicalized to violence, and the Domestic Terrorism Prevention Act gives our government the tools to identify, monitor and thwart their illegal activities. Combatting the threat of domestic terrorism and white supremacy is not a Democratic or Republican issue, not left versus right or urban versus rural. Domestic Terrorism is an American issue, a serious threat the we can and must address together,” he said.

  • Lucas Interior Embraces Color to Modernize Palm Springs Spanish Revival Home

    “The materials and colors took center stage,” said David Lucas when it came to the design of the home.Originally Appeared on Architectural Digest

  • Sean Hannity denounces Biden’s first week as ‘disastrous’ before the president completed a full day of work

    ‘The Biden administration is off to a very rocky start,’ Fox News host says

  • Iran, pressured by blackouts and pollution, targets Bitcoin

    Iran's capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and other mounting crises, social media has been rife with speculation. Within days, as frustration spread among residents, the government launched a wide-ranging crackdown on Bitcoin processing centers, which require immense amounts of electricity to power their specialized computers and to keep them cool — a burden on Iran's power grid.

  • Atlanta-area teen stole nearly $1M from Kroger store over 2 weeks, police say

    The teen spent two weeks creating over 40 fake returns in order to obtain over $980,000, police say.

  • China conducts unusual military flights in Taiwanese airspace

    It's not unusual for China to conduct military flights between the southern part of Taiwan — which it claims as its territory — and the Taiwan-controlled Pratas Islands in the South China Sea, Reuters reports. In fact, the flights have occurred on a daily basis in recent months. But what happened Saturday does appear out of the ordinary.Eight nuclear-capable Chinese bombers and four fighter jets entered the southwestern corner of Taiwan's air defense identifications zone, Taiwan's defense ministry said. Normally, China deploys just one or two reconnaissance aircraft at a time, so Saturday's event was somewhat startling. Taiwan's air force was able to warn the aircraft away and deployed missiles to monitor them.While there's been no word from Beijing yet, the seemingly aggressive move comes at a time when tensions between China and the United States are rising, with Washington's strengthening support for Taiwan playing a significant role. The Trump administration, which left office last week, was particularly committed to a closer relationship with Taiwan, and the Biden administration doesn't appear likely to reverse course on the issue, at least not drastically. Read more at Reuters.More stories from theweek.com 7 brutally funny cartoons about Trump's White House exit McConnell is already moving to strangle the Biden presidency Plan to oust acting attorney general seen as Trump White House 'in a nutshell'

  • U.S. Senate confirms Biden nominee Austin as defense secretary

    The U.S. Senate on Friday voted overwhelmingly to confirm retired Army General Lloyd Austin as President Joe Biden's defense secretary, making him the first Black American to serve in the role. Lawmakers from both parties said they were pleased that Austin would be installed to lead the Pentagon just two days after Biden was sworn in as president. After a smooth transition to Biden's new administration was impeded by former Republican President Donald Trump's insistence that he had won the Nov. 3 election, Biden's fellow Democrats - and some Republicans - have been pushing to confirm the new president's national security team as quickly as possible.

  • Outging US ambassador says world must end Taiwan's exclusion

    In a final swipe at China, the Trump administration’s outgoing U.N. ambassador tweeted that it's time for the world to oppose China’s efforts to exclude and isolate Taiwan, drawing sharp criticism from Beijing. To make the point even more graphic, Ambassador Kelly Craft accompanied the tweet with a photo of herself in the U.N. General Assembly Hall where the island is banned.

  • Fauci: It's ‘liberating’ to let the ‘science speak’ without fear of repercussions

    At a White House press conference Thursday, Dr. Anthony Fauci made several remarks about what it was like working with the Trump administration, saying that his transparency got him “in trouble sometimes.” He said that now, however, it's “somewhat of a liberating feeling” to base his statements on science without fear of a backlash from President Biden.

  • Florida man arrested while attempting to go to Biden’s inauguration after ‘storming Capitol’

    Judge denies release for 26-year-old accused of taking part in the deadly Capitol attacks then returning to Washington on Inauguration Day

  • Biden has stopped construction on Trump's border wall, but the fate of outstanding contracts is unclear

    Among the first 17 executive orders President Biden signed Wednesday evening was one hitting "pause" on construction of former President Donald Trump's border wall. "It shall be the policy of my administration that no more American taxpayer dollars be diverted to construct a border wall," Biden's order said. "I am also directing a careful review of all resources appropriated or redirected to construct a southern border wall."Biden gave the Pentagon and Homeland Security departments up to a week to stop all border construction, and for the most part, the frantic wall-building Trump had unleashed in his last months in office had stopped by Thursday, The Associated Press reports. The Army Corps of Engineers said Thursday it told its contractors to stop installing any additional barriers and do only what's "necessary to safely prepare each site for a suspension of work."Biden gave his administration 60 days to find and review all current contracts and determine which can be canceled, which must be renegotiated, and whether any of the remaining money can be used on other projects. Trump, as of Jan. 15, had spent $6.1 billion of the $10.8 billion in wall construction it had contracted out, a Senate Democratic aide told AP. Overall, the Trump administration had secured $16.45 billion for the wall, including $5.8 billion appropriated by Congress and the rest seized from the Treasury and Defense departments. Biden is targeting that latter pot of money.Trump says he built 450 miles of his wall, though almost all of that was replacement for other barriers. His administration signed contracts for constructing 664 miles, the Senate aide told AP. "Trump said the border wall would be 'virtually impenetrable' and paid for by Mexico, which never happened," AP notes. "While the wall is much more formidable than the barriers it replaced, it isn't uncommon for smugglers to guide people over or through it. Portions can be sawed with power tools sold at home improvement stores."More stories from theweek.com 7 brutally funny cartoons about Trump's White House exit McConnell is already moving to strangle the Biden presidency Plan to oust acting attorney general seen as Trump White House 'in a nutshell'

  • Maduro sent letter to Iran's leader accrediting US fugitive

    A Colombian businessman was carrying a letter from Venezuelan President Nicolas Maduro accrediting him to Iran's supreme leader when he was arrested on a U.S. warrant last year, according to a new court filing in a politically charged corruption case ratcheting up tensions with the South American nation. Attorneys for Alex Saab made the filing in Miami federal court Thursday just hours after prosecutors in the African nation of Cape Verde said they granted the 49-year-old Colombian house arrest as he fights extradition to the U.S. to face money laundering charges. U.S. officials believe Saab holds numerous secrets about how Maduro, his family and top aides allegedly siphoned off millions of dollars in government contracts amid widespread hunger in the oil-rich nation.

  • Bulgaria to ease some COVID-19 rules, restaurants closed for now

    Bulgaria will ease some coronavirus restrictions from February 4 though restaurants will remain closed for now due to concerns about the new coronavirus variant, officials said on Saturday. Prime Minister Boyko Borissov said secondary school students will be allowed to attend classes under a special regime as of next month and will also be able to attend extracurricular sport and dance activities. Bulgaria reopened primary schools and kindergartens in early January - a move that has not led to a spike in infections.

  • Kenosha killing suspect Rittenhouse's bond terms changed after bar visit

    Attorneys for Rittenhouse did not object to the changes. Rittenhouse is accused of killing two amid protests last year.

  • Conspiracy theorist Alex Jones loses bid to throw out defamation cases from Sandy Hook parents

    Infowars founder claimed shooting was 'a giant hoax’ and that grieving parents were actors