Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
US Metro Areas Grow, Reversing 2021 Decline
US Metro Areas Grow, , Reversing 2021 Decline.
Fox News reports that the exodus from urban areas in the
U.S. amid the COVID pandemic has begun to slow or even
reverse, according to estimates from the Census Bureau.
Last year, metro areas in New York
and Los Angeles saw declines in their
populations halved, showing a slowing trend.
Last year, metro areas in New York
and Los Angeles saw declines in their
populations halved, showing a slowing trend.
Meanwhile, in Texas and Florida,
populations boomed, representing
a reversal of trends amid the pandemic.
Meanwhile, in Texas and Florida,
populations boomed, representing
a reversal of trends amid the pandemic.
2021 saw over half of the 20 largest
U.S. metropolitan areas lose residents
as people fled densely-populated areas.
At the same time, the growing prevalence
of remote work helped facilitate this mass
movement away from urban centers.
According to 2022 population estimates released May 18
by the Census Bureau, the largest cities to see their
populations grow in 2022 included Washington and Seattle.
According to 2022 population estimates released May 18
by the Census Bureau, the largest cities to see their
populations grow in 2022 included Washington and Seattle.
The Dallas-Fort Worth area saw
the largest boom with six-digit
increases for the second year in a row.
.
The city of Forth Worth led the nation with
19,100 new residents, followed by Phoenix
with over 19,000 new residents.
The city of Forth Worth led the nation with
19,100 new residents, followed by Phoenix
with over 19,000 new residents.
Other cities to see the largest population
increases were Houston, Atlanta and Orlando.
.
Other cities to see the largest population
increases were Houston, Atlanta and Orlando.
.
Other cities to see the largest population
increases were Houston, Atlanta and Orlando.
.
Fox News reports that smaller communities,
known as micropolitan statistical areas,
grew by 0.1%, compared to 0.2% in 2021
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Mortgage Rates , Surge to 23-Year High.
Consumer demand for home loans has cooled as rates continue to surge, Fox News reports. .
On Sept. 27, new data from the Mortgage Bankers Association showed that mortgage applications dropped 1.3% last week.
The average 30-year loan rate
jumped from 7.31% to 7.41%.
That is the highest mortgage rates have been since December 2000, Fox News reports.
Just one year ago, rates were at 5.65%.
Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week, Joel Kan, MBA's deputy chief economist, via Fox News.
Based on the FOMCâs most recent projections, rates are expected to be higher for longer, which drove the increase in Treasury yields, Joel Kan, MBA's deputy chief economist, via Fox News.
Mortgage applications are down 27% year-over-year, Fox News reports.
Refinancing applications have dropped 21% within the same time period.
Both prospective homebuyers and homeowners continue to feel the impact
of these elevated rates. Many homeowners
have little incentive to refinance, Joel Kan, MBA's deputy chief economist, via Fox News
Credit: Wibbitz Top Stories Duration: 01:31Published
Travis King Is in American Custody , After Being Detained in North Korea.
U.S. Army Private Travis King crossed the military demarcation line between
South Korea and North Korea in July.
Prior to entering North Korea,
King was charged with assault in South Korea and was scheduled to return to Texas'
Fort Bliss to be removed from the Army. .
On Sept. 27, King was released to
U.S. custody in China, Fox News reports.
The relevant organ of the DPRK decided to expel Travis King, a soldier of the U.S. Army who illegally intruded into the territory of the DPRK, under the law of the Republic, Via state media outlet Korean Central News Agency.
North Korea also said that King âconfessed that
he illegally intruded into the territory of the DPRK
as he harbored ill feeling against inhuman maltreatment
and racial discrimination within the U.S. Army and
was disillusioned about the unequal U.S. society.â.
The National Security Council (NSC)
confirmed that King has been returned. .
[The NSC] are very pleased to announce this morning â although events are still ongoing â that the U.S. government has successfully facilitated Private Travis King's departure from the DPRK, NSC Senior Director for East Asia and Oceania Mira Cooper, via statement.
His transfer culminates a months-long
effort involving multiple U.S. government agencies undertaken out of concern for
Private King's well-being and a desire
to reunite him with his family, NSC Senior Director for East Asia and Oceania Mira Cooper, via statement.
King is said to be in
good health, Fox News reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Rupert Murdoch , to Step Down As Head of, Fox Corp and News Corp.
According to a news release,
Murdoch will become chairman
emeritus of both corporations.
For my entire professional life,
I have been engaged daily with
news and ideas, and that will
not change. But the time is right
for me to take on different roles, Rupert Murdoch, news release, via NBC.
In my new role, I can guarantee
you that I will be involved every
day in the contest of ideas, Rupert Murdoch, news release, via NBC.
Murdoch's older son, Lachlan, will be named the sole chairman of both companies, NBC News reports.
I congratulate my father on
his remarkable 70-year career, Lachlan Murdoch, statement, via NBC.
We thank him for his vision,
his pioneering spirit, his steadfast
determination, and the enduring
legacy he leaves to the companies
he founded and countless
people he has impacted, Lachlan Murdoch, statement, via NBC.
NBC reports that Murdoch transformed a
small Australian newspaper business into a
massive international media empire, which
includes a movie studio and television network.
In 1996, Murdoch founded Fox News, a 24/7
network meant to compete with CNN, which has
emerged as a pillar of modern conservative media.
In April, Fox Corporation and Fox News avoided a
high-profile trial with a $787.5 million settlement for
promoting conspiracy theories regarding the 2020 election. .
In April, Fox Corporation and Fox News avoided a
high-profile trial with a $787.5 million settlement for
promoting conspiracy theories regarding the 2020 election.
Credit: Wibbitz Top Stories Duration: 01:31Published
House Republicans Release Short-Term Bill , to Avoid Government Shutdown.
The bill was released after House Republicans reached a tentative agreement on Sept. 17.
The deal would keep the government
funded until Oct. 31.
It would also reduce
domestic spending by 8%.
However, the bill also includes
immigration provisions and leaves out
aid for Ukraine or other disasters.
However, the bill also includes
immigration provisions and leaves out
aid for Ukraine or other disasters.
Because of this, it's not expected to pass the Senate if it is approved by the House, CNBC reports. .
Rep. Rosa DeLauro called the bill "extreme." .
Rather than "working on bipartisan solution[s]
that could be enacted,".
DeLauro accused House Republicans of attempting to
"cut funding to the National Institutes of Health including funding for cancer research, defund the police, and decrease resources to important allies like Ukraine and Israel.".
Speaker Kevin McCarthy
stands behind the bill.
A shutdown would only give strength to the Democrats. It would give the power to Biden.
It wouldnât pay our troops. It wouldnât pay our border agents. More people would be coming across. I actually want to achieve something, Kevin McCarthy, Speaker of the House, via interview on Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
UAW Launches Strike , Against Big 3 Automakers.
The United Auto Workers (UAW) went on strike
at plants owned by GM, Ford and Stellantis after
a deal could not be reached late on Sept. 14.
The affected plants are GM in
Wentzville, Missouri, Stellantis in
Toledo, Ohio, and Ford in Wayne, Michigan.
Plants that aren't striking will work without a contract, according to UAW President Shawn Fain.
Plants that aren't striking will work without a contract, according to UAW President Shawn Fain.
A rally will be held on Sept. 15
at 4 p.m. ET, Fox New reports. .
The main issue that the UAW
is striking over is pay.
The union wants a general pay raise of
over 40% "for rank-and-file members
over four years," Fox News reports. .
The UAW also wants temporary workers to be made permanent, cost-of-living adjustments.
a raise in pension benefits for those who are currently
retired and reinstated pensions for new hires.
Fain referred to the demands as the
"most audacious and ambitious list of proposals they've seen in decades." .
If the strike goes on for at least 10 days, it could end up costing the U.S. economy about $5.6 billion, according to the Anderson Economic Group. .
Even a short strike would impact economies throughout Michigan and across the nation, Patrick Anderson, CEO of the Anderson Economic Group, via Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
End of Pandemic Benefits , Caused Alarming Jump in , Childhood Poverty Rates.
On September 12, the United States Census
Bureau released new data showing that
child poverty more than doubled in 2022.
ABC reports that the alarming rise was the result
of the cutting of pandemic-related government
benefits combined with skyrocketing inflation.
ABC reports that the alarming rise was the result
of the cutting of pandemic-related government
benefits combined with skyrocketing inflation.
Over the same period of time,
the official poverty rate for Black Americans
reached its lowest level on record.
According to pre-tax income,
income inequality dropped
for the first time since 2007.
However, when looking at after-tax income, income
inequality actually increased over the same period of time
as a result pandemic-era tax credits coming to an end.
ABC reports that the government expanded
child tax credit and sent out payments
to families amid the COVID pandemic.
These measures expired at the end
of 2021, while other COVID-related
benefits expired between then and now. .
This represents a return to child
poverty levels prior to the pandemic, Liana Fox, an assistant division chief at the Census Bureau, via ABC.
We did see the child tax credit had
a substantial decrease in child poverty, Liana Fox, an assistant division chief at the Census Bureau, via ABC.
ABC reports that median household
income in 2022 was at $74,580,
falling 2.3% from the year before.
Credit: Wibbitz Top Stories Duration: 01:30Published
Federal Court Rejects , Alabamaâs Congressional Maps.
The state's latest attempt to redraw its congressional districts was struck down again on Sept. 5, 'USA Today' reports. .
The state's latest attempt to redraw its congressional districts was struck down again on Sept. 5, 'USA Today' reports. .
A three-judge panel decided that Alabama's effort violates the Voting Rights Act because it doesn't include another majority African American district.
African Americans account for 27%
of Alabama's population, according to
the United States Census Bureau. .
We are deeply troubled that the state enacted a map that the state readily admits does not provide the remedy
we said federal law requires, Federal court, via ruling.
Davin Rosborough, senior staff attorney
at the ACLUâs Voting Rights Project, commended the decision.
We are gratified the court has seen through Alabamaâs gamesmanship and once again rejected a congressional map that discriminates against Black voters, Davin Rosborough, senior staff attorney,
ACLUâs Voting Rights Project, via statement.
The ruling could give Democrats an advantage
in 2024, 'USA Today' reports. .
The decision could also influence similar map issues in South Carolina, Texas, Florida and more.
In fact, over the weekend, a Florida judge rejected congressional district boundaries because they "unconstitutionally restrict
Black voting power," 'USA Today' reports. .
Florida's Legislature must now
redraw the boundaries.
Credit: Wibbitz Top Stories Duration: 01:30Published
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Phoenix on Track , for Driest Summer, Amid Record-Breaking Temps.
As of Aug. 14, Phoenix has had
145 dry days, CNN reports. .
The city has not recorded
significant rainfall since March 22.
This stretch of no rain is the
second longest in Phoenix's history.
160 days of no rain were
recorded in Phoenix in 1972.
Phoenix typically experiences a
monsoon season in late summer.
Normally, this means that intense thunderstorms and rainstorms characterize the latter part of the hot season.
Flagstaff, a smaller AZ city known for skiing in the winter, has also had an unusually dry summer.
The dry summer has compounded the record-breaking heat in Phoenix.
July was Phoenix's hottest month on record.
It was also the hottest month recorded
for all cities in the U.S.
Phoenix went 31 days with temperatures
in excess of 110 degrees Fahrenheit.
The low temperatures in Phoenix
have also been unusually high, with
28 days of 90 or 90-plus degrees.
Of the 147 deaths caused by heat this year,
a majority of them have been reported in AZ.
Of the 147 deaths caused by heat this year,
a majority of them have been reported in AZ
Credit: Wibbitz Top Stories Duration: 01:30Published
More People Are Leaving, California for Affordable, Homes Elsewhere, Study Finds.
According to a recent study from real estate
website Redfin, residents of California are
seeking more affordable housing in other states.
Fox News reports that the Redfin analysis shows
an influx of people moving to Las Vegas, Phoenix,
Tampa and Orlando to find more affordable options.
Fox News reports that the Redfin analysis shows
an influx of people moving to Las Vegas, Phoenix,
Tampa and Orlando to find more affordable options.
The typical Las Vegas home costs
less than half as much as one in
Los Angeles, San Francisco or
Seattle, the most common
origins for buyers moving in. , Redfin analysis, via Fox News.
The typical Las Vegas home costs
less than half as much as one in
Los Angeles, San Francisco or
Seattle, the most common
origins for buyers moving in. , Redfin analysis, via Fox News.
Phoenix and Tampa are the
next most popular destinations.
Along with Las Vegas, theyâre
increasingly prone to natural
disasters like heat and flooding,
but relatively affordable, Redfin analysis, via Fox News.
Phoenix and Tampa are the
next most popular destinations.
Along with Las Vegas, theyâre
increasingly prone to natural
disasters like heat and flooding,
but relatively affordable, Redfin analysis, via Fox News.
The same analysis found that San Francisco
and Los Angeles ranked in the top 3 cities with
the most people looking for out-of-state housing.
The same analysis found that San Francisco
and Los Angeles ranked in the top 3 cities with
the most people looking for out-of-state housing.
At $412,000, the median home in Las Vegas costs
less than a third of the median price in
San Francisco, which currently stands at $1,405,500.
At $412,000, the median home in Las Vegas costs
less than a third of the median price in
San Francisco, which currently stands at $1,405,500.
Fox News reports that the study was based on
two million Redfin users between April and June.
According to another online real estate website,
MyEListing.com, California lost over $340 million in IRS tax
revenue in 2021 as a result of residents leaving the state.
Despite its numerous attractions,
from the booming tech industry
and world-class universities to
beautiful landscapes and cultural
richness, California's high personal
income tax rates seem discouraging
for many high-wealth individuals. , Redfin analysis, via Fox News.
Despite its numerous attractions,
from the booming tech industry
and world-class universities to
beautiful landscapes and cultural
richness, California's high personal
income tax rates seem discouraging
for many high-wealth individuals. , Redfin analysis, via Fox News.
This, coupled with the state's
high cost of living, will likely fuel
a wealth migration out of California, Redfin analysis, via Fox News
Credit: Wibbitz Top Stories Duration: 01:31Published
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