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This may seem like a great time to own apartment buildings.For many landlords, it is. Rents have skyrocketed in recent years due to a housing shortage in much of the country and high inflation.But a growing number of rental property owners, particularly in the South and South West, are in financial difficulty. Only a few have stopped repaying their mortgages, but analysts fear that up to 20% of all loans on apartment buildings are at risk of default.Although rents surged during the pandemic, the rise has stalled in recent months. In many parts of the country, rents are starting to…

Nicolas Cage isn’t looking to adapt to the rise of artificial intelligence in Hollywood anytime soon. The Oscar winner spoke out against the technology in an interview with “The Orchid Thief” author Susan Orlean for The New Yorker. Orlean’s nonfiction book served as the basis for Charlie Kaufman’s meta film “Adaptation,” starring Cage as screenwriter Kaufman (and his fictional twin brother Donald) and Meryl Streep as Orlean. Cage explained to Orlean that, right after the interview, he had to undergo a “scan” for his upcoming Prime Video series “Noir,” in which Cage reprises his role as the animated web-slinger from…

WASHINGTON – President Joe Biden came out swinging on Monday in defense of his spot atop the 2024 Democratic ticket in a pivotal week for the incumbent’s political future.Biden insisted in a letter to congressional Democrats that he’s not dropping out despite concerns about his mental fitness and capacity through the 2024 campaign and a possible second term. The 81-year-old president, the oldest in U.S. history, also called into MSNBC’s ‘Morning Joe’ to push back on the growing calls to step aside.”I’ve got a pretty good political instinct and here’s the deal, it’s not going to happen here,” Biden said.…

tempo, Jakarta – Tempo English We’ve rounded up the top 3 news stories for Monday, July 8, 2024. Highlights include: Indonesia imposes import tariffs on seven goods from various countries, Indonesia’s Bulog claims to be “victim” of alleged price hike of rice imports from Vietnam, Heavy rains hit Cirebon, West Java, flooding over 4,200 houses.Below is a list of the top 3 news stories: Tempo English today:1. Indonesia imposes import tariffs on seven items from various countriesIndonesia’s Trade Minister Zulkifli Hasan said the government will impose import tariffs on seven items imported from different countries.”Yesterday, at a limited meeting chaired…

PARIS (AP) — French President Emmanuel Macron refused the resignation of the country’s prime minister, asking him on Monday to remain temporarily as the head of the government after chaotic election results left the government in limbo.French voters split the legislature on the left, center and far right, leaving no faction even close to the majority needed to form a government. The results from Sunday’s vote raised the risk of paralysis for the European Union’s second-largest economy.Macron gambled that his decision to call snap elections would give France a “moment of clarification,” but the outcome showed the opposite, less than…

Down angle icon An angle icon pointing down. Newsday LLC/Getty Images The Hamptons are facing an influx of exclusive social clubs, and locals are not happy.Traditionally a quiet haven for the wealthy, club nightlife is now taking over the area.Hamptons residents don’t want their community to become a party place. Just two hours east of Manhattan, the Hamptons are an ultra-wealthy seaside retreat where millionaires and celebrities from Martha Stewart to Beyoncé escape the hustle and bustle of the big city.At least, that was the case.These days, exclusive social clubs with long lines, dress codes and blaring music are popping…

Kyiv, Ukraine CNN — A Russian missile strike partially destroyed a children’s hospital in kyiv on Monday, sending terrified patients and their families fleeing for their lives as authorities feared more people could be trapped under the rubble. Moscow launched a daring airstrike in broad daylight against targets in several Ukrainian cities during the morning rush hour, killing at least 31 people and wounding 125 others, according to Ukrainian emergency services. In an update on Telegram, the emergency service said the latest toll included the number of dead and wounded in the capital, which now stands at 20 dead and…

If the Biden administration had its way, many more microchips would be made in factories in, say, Texas or Arizona.They would then be shipped to partner countries, such as Costa Rica, Vietnam or Kenya, to be finally assembled and sent around the world to power everything from refrigerators to supercomputers.These countries may not be the first ones people think of when they think of semiconductors. Yet administration officials are trying to transform the global chip supply chain and are negotiating hard to do so.Key elements of the plan are to entice foreign companies to invest in chip manufacturing in the…

Hurricane Beryl is wreaking havoc on travel plans across the state as many wrap up their Fourth of July holiday weekend. Hundreds of flights are being canceled to and from Houston and along the Texas coast. TEXAS AIRPORTS FEEL THE EFFECTS OF HOLIDAY TRAVEL AND BERYL These impacts are already being felt in North Texas, with travelers returning to Houston now stranded at Dallas-Fort Worth International Airport and Dallas Love Field. “I was at a wedding party and everyone was stuck in Colorado or going home because our flights were canceled, changed or delayed,” said Monica Valdez, a Houston resident…

9 minutes agoInflation expectations fall, New York Fed survey showsInflation expectations fell in June as consumers expected the pace of increases in gasoline, food and a host of other expenses to slow, according to a survey by the New York Federal Reserve released Monday.The central bank’s consumer expectations survey showed that the one- and five-year inflation outlook declined by 0.2 percentage points to 3% and 2.8% respectively. However, the three-year outlook edged up to 2.9%. Domestically, forecasts for food and energy price increases both fell by 0.5 percentage points to 4.8% and 4.3%, respectively. Forecasts for medical care costs fell…