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MEMPHIS, Tenn. (AP) — Two Tennessee men are accused of raping a 9-month-old girl and filming the attack.News outlets report 19-year-old Isiah Dequan Hayes and 22-year-old Daireus Jumare Ice were indicted by a grand jury Tuesday on charges including especially aggravated sexual exploitation of a minor.A Shelby County District Attorney General's office release says the men were reported to police in 2016 when the girl's mother found footage of the attack. She was able to identify the men from the video.The release says investigators determined Hayes was in the video and Ice filmed it. Hayes also was indicted on a charge of aggravated rape of a child. Ice also was indicted of being criminally responsible for the conduct of another person in the aggravated rape of a child. 797
Lumber stocks are at a historic high. We haven't seen these numbers since the 2008 housing boom and then crash. Experts say that's in part because of the housing market and record low mortgage rates.2020, the unprecedented year where nothing goes as expected, has brought us what realtors call a "sellers' market"."There’s plenty of buyers in the marketplace, but not enough supply so what we are seeing is multiple offers happening frequently on mid-price homes. So heavy competition in the marketplace.” Dr. Lawrence Yun, chief economist for the National Association of Realtors, said.The country's largest trade organization has 1.4 million members who help people buy and sell homes. Dr. Yun says the nation's housing market has even surpassed pre-pandemic sales. He attributes a lot of that to low mortgage rates and people realizing that working from home means they need more room.“Because of the strong demand for housing and we have a shortage of homes in the marketplace, so whatever home builders build, they can find a buyer so they build more homes. But one of the constraints is lack of construction workers along with the material cost that goes into construction, such as lumber,” says Dr. Yun, who also pointed out the country's underproduction.“Home builders have been producing below historical average for 10 straight years and the cumulative effect of underproduction is we don’t have sufficient inventory and that is the reason why home prices are rising and we need to build more homes to get into balance,” added Dr. Yun.Which is why, Laura Gonzalez, associate professor of Finance at California State University Long Beach, says we're experiencing a supply and demand situation when it comes to wood.“We just don’t have enough wood,” Gonzalez said. “It's difficult to make it ready and then transport it because of the pandemic. It's not that the industry is changing its just that we have had a shift both in supply and demand.”Gonzalez also says it's the basic equation of high demand meaning lower supply, which sends prices up and stocks soaring. Then there's the factor of where our wood comes from. She says, “We import some of our lumber from Canada both from lumber and other products. If we depend on other nations, we are more susceptible to changes in supply.”So, what comes next?“The issue of supply versus demand is going to correct in two years, but the opportunities for climate finance are ongoing that is not going to finish,” Gonzalez said.Which is why Dr. Yun says home prices will hold firm, and if you're waiting for a ‘burst’ or for prices to decrease, you might be waiting a while.“In future years, mortgage rate will certainly rise and that will choke off some of the demand, but hopefully we have adequate supply so we have a more balanced market condition where prices rise in manageable, 3-4% each year and people will feel comfortable at that rate of price appreciation,” says Dr. Yun.Dr. Yun recommends if you want or need to buy, don't overstretch your budget as the competition is fierce out there. If you want to sell, don't get greedy and overprice because your home will get stuck on the market. It's yet another aspect to this odd year that has brough the unexpected to us all. 3245
MANDEVILLE, Louisiana — If you've been putting off tidying up the house, let this serve as an incentive.Harold and Tina Ehrenberg, a couple from Mandeville, Louisiana, were cleaning up for Thanksgiving guests when they found a lottery ticket they'd purchased months earlier. It turned out to be worth .8 million."We have family coming into town for Thanksgiving, so I was cleaning up the house and found a few Lottery tickets on my nightstand that we hadn't checked," Tina Ehrenberg said in a statement released by the Louisiana Lottery.It's a good thing the couple found the ticket when they did. The drawing was June 6. Theirs was the only winning ticket.Had they waited two more weeks, they'd have gotten zip; the window to claim the prize — 180 days — would have closed.The pair said they couldn't believe their good fortune."I called the winning numbers hotline over and over," Tina Ehrenberg said.Added Harold Ehrenberg: "We kept checking the numbers again and again!"After taxes, the couple took home .2 million, which they plan to put toward retirement."We don't have any plans to buy anything crazy or go on any big trips," Tina Ehrenberg said."The most fun," her husband added, "is going to be depositing that check." 1239
Memorial Day marks the unofficial start of summer, and this year, it looks like it might also bring an early start to the 2018 hurricane season.Although hurricane season doesn't begin until June 1, a tropical system off the Yucatan Peninsula has become Subtropical Storm Alberto as of Friday morning, according to the National Hurricane Center.For holiday beachgoers flocking to the US Gulf Coast looking for their first taste of summer sun, Alberto is making the forecast look pretty grim.Subtropical storms are low pressure centers that have characteristics of both tropical storms (which have warm cores and get their energy from warm ocean water) and more traditional storm systems (which have cold cores that get their energy from clashes of warm and cold air) that occur in the midlatitudes with cold and warm fronts.The threats associated with subtropical and tropical storms are largely the same: heavy rainfall, gusty winds and rough surf.Given that Alberto has a couple of days to traverse warm waters in the Gulf of Mexico, it could become fully tropical.Forecast models, which were showing very different possible scenarios earlier in the week, are now in agreement in bringing the storm north into the Gulf Coast by the latter half of the three-day weekend.A hurricane hunter aircraft is scheduled to fly through the system Friday to provide more information on the structure, according to the National Hurricane Center. 1441
Michael Cohen's lawyer, Lanny Davis, said Wednesday that he believes his client is willing to testify before any congressional committee without being granted immunity."Yes, I believe I can say that," Davis told CNN's John Berman on "New Day." "I have not specifically asked my client that question, but I'm stating my belief that the answer to that question is yes," Davis clarified.Cohen pleaded guilty in Manhattan federal court Tuesday to eight criminal counts, including campaign finance violations tied to his work for President Donald Trump during the 2016 election.Following Cohen's plea deal, Sens. Richard Burr, the chairman of the Senate Intelligence Committee, and Mark Warner, the ranking member on the committee, offered a rare, joint statement before reporters Tuesday, saying they had "re-engaged" with Cohen. Burr said the committee re-engaged "following press reports that suggested he had advance knowledge of the June 2016 meeting between campaign officials and Russian lawyers at Trump Tower."Davis also told "New Day" on Tuesday that Cohen will not seek a pardon from Trump.In his guilty plea, Cohen directly implicated the President, saying that he kept information that would have harmed Trump from becoming public during the 2016 election cycle "in coordination and at the direction of a candidate for federal office."The counts against Cohen included tax fraud, false statements to a bank and campaign finance violations tied to his work for Trump, including payments Cohen made or helped orchestrate that were designed to silence women who claimed affairs with the then-candidate.The-CNN-Wire 1627