Author: KnowledgeHippo

Federal Reserve officials plan to cut interest rates this year, real estate agents are likely to cut their commissions after a major settlement, and President Biden has begun looking for ways his administration can reduce high housing costs.In short, a lot of changes are happening in the housing market. While sales have slowed markedly amid higher interest rates, both home prices and rents remain significantly higher than before the pandemic. The question now is whether recent developments will reduce costs.Economists who study the housing market said they expect cost increases to be relatively modest next year. But they don’t expect…

Elon Musk appeared to be in a defiant mood on Wednesday when he stood before workers at Tesla’s factory near Berlin a week after an arsonist set fire to a high-voltage pylon and halted production.”They can’t stop us,” Mr. Musk, the company’s chief executive, told workers in a giant tent next to the factory.But there are growing signs that Tesla may not be as unstoppable as it once seemed. The company’s car sales are no longer growing at a tremendous rate. Chinese automakers and established brands like BMW and Volkswagen are flooding the market with electric cars. And Tesla has…

The Biden administration’s new regulation to limit emissions from cars and light trucks will transform the American auto market, charting a path away from the internal combustion engine and toward a future of electric and hybrid cars.Here’s what you need to know about the meter.It’s a big deal in the fight against climate changeIn terms of reducing global-warming emissions, this regulation does more than any other climate rule issued by the federal government, and more than any measure planned for the remainder of Mr. Biden’s first term.This is partly because transportation is the largest source of greenhouse gases produced by…

This article is part of it It is overlookeda series of obituaries for notable people whose deaths, beginning in 1851, were not reported in the Times.Yvonne Barr was a 31-year-old research assistant looking for a new challenge when she was hired by a pathologist in London in 1963 to help find the cause of an unusual malignancy: extremely large facial tumors in Ugandan children.The pathologist, Anthony Epstein, was pretty sure the tumors were caused by a virus, but struggled to prove his case.Barr was then known for her superior laboratory skills, having worked on the bacterium that causes Hansen’s disease,…

The cartel first cut its teeth in drug trafficking. Then avocados, real estate and construction companies. Now, a Mexican criminal group known for its brutality is targeting the elderly and their timeshares.The operation is relatively simple. Cartel employees posing as sales representatives call timeshare owners, offering to buy their investments back for generous sums. They then demand upfront payments for everything from listing ads to paying government fines. The agents convince their victims to send large sums of money to Mexico – sometimes reaching hundreds of thousands of dollars – and then disappear.The scheme has netted the cartel, Jalisco New…

The United States has submitted a draft resolution to the UN Security Council calling for an “immediate ceasefire linked to the release of hostages” in Gaza, Secretary of State Antony J. Blinken said Wednesday in Saudi Arabia, during his latest trip to Saudi Arabia Arabia. the region to broker a diplomatic solution to the war between Israel and Hamas.Biden administration officials have grown more assertive in recent weeks in their push for an immediate ceasefire in the conflict as humanitarian conditions in Gaza have reached crisis levels and political pressure mounts for international action.In an interview with Al Hadath, a…

Defying the boundaries of taste and time, Martin Greenfield made suits for President Dwight Eisenhower, gangster Meyer Lansky, Leonardo DiCaprio and LeBron James. Men skilled in the arts of power projection—along with writers and fashion designers—considered him the nation’s greatest men’s tailor.For years, none of them knew the origin of their expertise: a beating in Auschwitz.As a teenager, Mr. Greenfield was Maximilian Grünfeld, a skinny Jewish prisoner whose job it was to wash the clothes of Nazi concentration camp guards. In the laundry room one day, he accidentally tore the collar of a guard’s shirt. The man whipped Max in…

The Internet has not been kind to Condé Nast, the publisher of star magazines such as Vogue and Vanity Fair, whose fortunes and influence have waned in the digital age.But while the web takes, it also occasionally gives.The Newhouse family, the media dynasty that controls Condé Nast through its holding company Advance Publications, is set to reap a windfall of about $1.4 billion on Thursday when the social networking site Reddit goes public on the New York Stock Exchange. Condé Nast bought Reddit for just $10 million in 2006, later turning it into a standalone company.With its anarchic culture of…

Even if the clean air rules announced Wednesday in Washington are less stringent than some environmentalists would like, they will still have a strong effect on the kinds of cars that hit showrooms in the coming years, experts said.The rules will strengthen market forces pushing the industry toward battery power, giving automakers a strong incentive to sell a wider, more affordable variety of electric cars — not just the expensive sports utility vehicles that have dominated sales so far.”It probably means more models and lower prices,” said Craig Segall, former deputy executive director of the California Air Resources Board, an…

A young woman visited the New York Eye & Ear Infirmary of Mount Sinai Hospital shortly after the eclipse on August 21, 2017. She told Dr. Avnish Deobhakta, an ophthalmologist, that she had a black area in her vision and then drew a crescent shape for him on a piece of paper.When Dr. Deobhakta examined her eyes, he was amazed. He saw a burn on her retina that was exactly the same shape. It was “almost like branding,” he said.He had looked at the sun during the eclipse without any protection. The burn was a picture of the outer edge…