In Defense of the 30-Year Mortgage

Economy / November 23, 2023 In Defense of the 30-Year Mortgage A recent New York Times column argued that the long term fixed-rate loan popular with US homebuyers is unfair to banks. In fact the arrangement—a fruit of the New Deal—is something all Americans should be thankful for. James K. Galbraith Ad Policy Tears for…

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Missing Ukrainian child traced to Putin ally

1 hour ago About sharing One of the 48 children driven away from Kherson Regional Children’s Home in 2022 By Hilary Andersson BBC Panorama A key political ally of Vladimir Putin has adopted a child seized from a Ukrainian children’s home, according to documents uncovered by BBC’s Panorama. Sergey Mironov, the 70-year-old leader of a…

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Energy price cap set to rise in January

50 minutes ago About sharing By Kevin Peachey Cost of living correspondent Household energy prices are set to rise in January, with confirmation due within hours when regulator Ofgem will announce a new price cap. Analysts suggest the typical household bill is likely to rise by 5% from its current level, to about £1,931 a…

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