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MicroWave

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Hi. I’m a bit of a news junkie.

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Average long-term US mortgage rate climbs to 7.09% this week to highest level in more than 20 years (abcnews.go.com)

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

Taliban official says women lose value if their faces are visible to men in public (apnews.com)

Women lose value if men can see their uncovered faces in public, a spokesman for a key ministry of Afghanistan’s Taliban government said Thursday, adding that religious scholars in the country agree that a woman must keep her face covered when outside the home.

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Reason for mistrial:

Judge David Strong issued his ruling Thursday morning, a day after the defense asked for a mistrial because Brookhaven police Detective Vincent Fernando acknowledged under oath that he did not give the prosecution or defense a videotaped statement police had taken from Gibson.

…

The judge ended Wednesday’s court session early because Fernando acknowledged under oath that he had not previously given prosecutors or defense attorneys a videotaped statement. The jury was not in the courtroom when he disclosed this.

“The bottom line is, this file should have been turned over to the D.A.’s office prior to the indictment and by file, I mean the entire file, including a video recorded statement of the victim, which was also requested by the defense to the D.A.’s office,” Strong told Fernando on Wednesday. He added that Bates acknowledged the request had been made and said that he had been told it didn’t exist.

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The storm’s remnants are likely to bring flooding rain as well as strong winds to some parts of California, including the Los Angeles Basin, the Weather Channel reports. Heavy rainfall is expected to impact the Southwestern U.S. starting Friday through early next week, “peaking on Sunday and Monday,” according to the hurricane center. Postel said the storm will likely cause large swells along the coast in the next several days.

“It is rare — indeed nearly unprecedented in the modern record — to have a tropical system like this move through Southern California,” Postel said.

China's state banks seen selling dollars for yuan in London and New York hours (www.reuters.com)

China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan’s depreciation.

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During recent weeks, market watchers say the Chinese authorities have sought to slow the yuan’s decline, with the PBOC persistently setting a stronger-than-expected fixing, and state banks repeatedly selling dollars.

China's state banks seen selling dollars for yuan in London and New York hours (www.reuters.com)

China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan’s depreciation.

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The recent steepening in the yuan’s decline is a result of China’s widening yield differential with the U.S., and investors’ mounting concerns over China’s weak economic growth and rising default risks in its property and shadow banking sectors.

The government’s slow delivery of stimulus measures to bolster growth has disappointed investors. Meantime, the People’s Bank of China (PBOC) has eased monetary policy to support the economy, though the price paid for lowering interest rates is more pressure on the yuan.

Hundreds of wildfires raging in Canada’s Northwest Territories prompt evacuations in what officials are calling a ‘crisis situation’ (www.cnn.com)

Hundreds of wildfires raging in parts of Canada’s Northwest Territories have prompted officials to issue evacuation orders and declare a state of emergency as the blazes threaten the capital city of Yellowknife....

Two brands suspend advertising on X after their ads appeared next to pro-Nazi content (www.cnn.com)

At least two brands have said they will suspend advertising on X, the platform formerly known as Twitter, after their ads and those of other companies were run on an account promoting fascism. The issue came less than a week after X CEO Linda Yaccarino publicly affirmed the company’s commitment to brand safety for advertisers.

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Ads for brands including Adobe, Gilead Sciences, the University of Maryland’s football team, New York University Langone Hospital and NCTA-The Internet and Television Association were run alongside tweets from the account that had garnered hundreds of thousands of views, CNN observed.

Spokespeople for NCTA and pharmaceutical company Gilead said that they immediately paused their ad spending on X after CNN flagged their ads on the pro-Nazi account.

Biden will use Camp David backdrop hoping to broker a breakthrough in Japan-South Korea relations (apnews.com)

Camp David, the rustic presidential retreat in the mountains of Maryland, has been a backdrop for signal moments in U.S. foreign policy, perhaps none more notable than the peace accord President Jimmy Carter brokered between Egypt and Israel in 1978....

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Phillips, 52, claimed in her lawsuit that “her race was a determinative factor” in Starbucks’ decision to fire her in the wake of a 2018 racial firestorm.

In April 2018, two Black men – Donte Robinson and Rashon Nelson – were arrested while waiting for a business meeting after an employee called 911 and accused the men of trespassing after they refused to make a purchase or leave the store. The arrests sparked nationwide protests and prompted Starbucks to close some of its stores for a day for racial bias training.

Less than a month after the arrests, Phillips was notified of her termination, despite claiming that she wasn’t at the store that day and was not involved in the arrests in any way.

Air Force awards a start-up company $235 million to build an example of a sleek new plane (apnews.com)

The U.S. Air Force will invest $235 million to help a start-up manufacturer build a jet with a blended-wing body that officials say could provide greater range and efficiency for military tankers and cargo planes and perhaps eventually be used to carry airline passengers.

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“It’s becoming all too commonplace to see everyday citizens performing necessary functions for our democracy being targeted with violent threats by Trump-supporting extremists," Jones said. "The lack of political leadership on the right to denounce these threats — which serve to inspire real-world political violence— is shameful.”

And there’s also this:

Yesterday — after Trump posted on his social media website that authorities were going “after those that fought to find the RIGGERS!” — Advance Democracy noted that Trump supporters were “using the term ‘rigger’ in lieu of a racial slur” in posts online.

Trump, co-defendants in Georgia election case expected to be booked in Fulton County jail, sheriff says (www.cbsnews.com)

Former President Donald Trump and the 18 others facing state felony charges related to alleged efforts to reverse the outcome of the 2020 election in Georgia are expected to be booked at the jail in Fulton County, the sheriff’s office said Tuesday.

Government's own experts found 'barbaric' and 'negligent' conditions in ICE detention (www.npr.org)

These findings are all part of a trove of more than 1,600 pages of previously secret inspection reports written by experts hired by the Department of Homeland Security’s Office for Civil Rights and Civil Liberties. In examining more than two dozen facilities across 16 states from 2017 to 2019, these expert inspectors found...

Videos put scrutiny on downed power lines as possible cause of deadly Maui wildfires (apnews.com)

Awakened by howling winds that tore through his Maui neighborhood, Shane Treu went out at dawn and saw a wooden power pole suddenly snap with a flash, its sparking, popping line falling to the dry grass below and quickly igniting a row of flames....

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