“Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges. Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday. Sales rose 2.8% compared with June last year. The latest sales tally fell short of the roughly 4.21 million pace economists were expecting, according to FactSet. Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million. Sales have remained sluggish as mortgage rates have mostly trended higher in the months since the war between the U.S. and Iran started, fueling expectations of higher inflation amid surging crude oil prices. Still, mortgage rates remain below where they were a year ago.” (07/09/26)
“New York’s attorney general is suing several large chemical and agricultural companies, alleging they knowingly sold harmful so-called forever chemicals used in cosmetics, non-stick cookware and other products. The lawsuit against 3M, DuPont de Nemours, The Chemours Company and Corteva and other manufacturers is the latest legal action over PFAS, which have been linked to an increased risk of certain cancers and developmental delays in children.” (07/09/26)
“The atmosphere Snowden describes in vault V22 at NSA headquarters — decorated, let the detail stand, with a seven-foot poster of Chewbacca — is not the atmosphere of men who believe they are doing something wrong. It is the atmosphere of men who believe they are entitled. The technology did not corrupt them. It handed them a key. This is the surveillance state at its most human, which is to say, its most revealing. The apparatus built to protect a democracy from its enemies was being used by young men to look at photographs of women who had no idea they were being watched. The technology did not create the entitlement. It removed the friction that previously constrained it.” (07/09/26)
“The Supreme Court says independent agencies are unconstitutional, except for their large adult central bank; John Bolton did some really dumb shit; the Stop WOKE act is put to sleep.” (07/09/26)
“Transparency matters, but the Department of Labor’s duplicative disclosure mandates could increase compliance costs while strengthening the industry’s largest firms.” (07/09/26)
“Australia will begin to sell uranium to India for peaceful purposes after the two countries’ leaders signed an administrative deal Thursday, enacting an agreement on exports of the material that was held up for years over concerns about weapons use. Australia’s Prime Minister Anthony Albanese and India’s Prime Minister Narendra Modi made the joint announcement after a meeting in Melbourne. The leaders didn’t immediately supply details of how much uranium would be sold, or when. Exports of Australian uranium to India stalled after an agreement to do so in 2014, because of concern that the material could be used to make weapons.” (07/09/26)
