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Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266

House Speaker Nancy Pelosi held a press conference regarding the extension of increased unemployment benefits on Friday, hours before those benefits are set to expire.As part of the CARES Act, a coronavirus stimulus bill passed by Congress in March, federal unemployment benefits were increased by 0 a week. At the time, lawmakers thought it was a necessary move as millions lost their jobs amid lockdowns to prevent the spread of the virus.However, those benefits are set to expire this weekend. And with the unemployment rate still in double digits and the virus spreading at its highest levels yet, Democrats say increased unemployment benefits should be extended.On Thursday, reports emerged that Republicans were considering extending unemployment benefits, only at a level of about 0 a week. GOP lawmakers are expected to unveil their plan for another round of coronavirus stimulus next week.Pelosi slammed the Republicans' delay in her press conference Friday, calling it a "dereliction" of their duty. She asked that Republicans "get something on paper" so that Democrats and the American people could see their plan.House Democrats passed the HEROES Act in May — a trillion bill that would extend the 0 unemployment benefits through the end of the year. It would also extend those benefits to gig workers, independent contractors, and other self-employed people.Rep. Richard Neal, D-Massachusetts, called on Congress to keep up the "momentum" of the CARES Act by adopting the HEROES Act.Republicans argue that extending the benefits is too expensive and that the ,400 payments encourage people not to seek unemployment. However, Rep. Danny Davis, D-Illinois, argued that the benefits were needed because COVID-19 made it too dangerous for some to work, made others unable to work due to lost jobs, and made childcare more difficult due to the closure of schools. 1893

Hundreds of museums across the country are struggling financially. Many were shut down for long periods of time during stay-at-home orders to slow the spread of the coronavirus. Some are still not ready to reopen. "We're targeting to reopen next year. Hopefully, we will sit back and recover and be able to think through and make sure everything will be safe for everybody," said Lily Birmingham, the director of the San Diego Chinese Historical Museum. Birmingham's museum, like many others, shut down in March because of shelter-in-place restrictions."We have very little funding to begin with so with the closure of the museum, we can not raise funding. We couldn't get admission funding so we had to lay off our employees. We now rely on volunteers, so it's very difficult. Funding is always difficult for museums. We're a non-profit organization," said Birmingham.Recently, The American Alliance of Museums surveyed more than 750 museums nationwide. From large to small and in urban and rural communities. What they found was that nearly one-third of them may not survive this pandemic."Back in March, I kind of speculated that it might be 25-30% of museums that would not make it through an extended financial crisis and indeed the survey did confirm our worst fears that one in three museums say there is a significant risk for having to close permanently," said Laura Lott, the President and CEO of the American Alliance of Museums. Lott says most museums make the majority of their money from ticket sales, renting their space for events and sales from their gift shops and cafes. Lott says museums have three major impacts on their communities, the first is economic."Museums contribute more to the economy than we might imagine. Nationally it's about billion that museums contribute to the national GDP across the country. They employ 750,000 people and pay billion in tax revenue at the state, federal and local level, even though most are non-profits," explained Lott.The second impact is on education, as they host numerous schools for field trips. Lott says the third impact museums have is they protect our cultural heritage. "Each museum is unique. It holds unique artifacts and stories that we’ve chosen to preserve and protect for future generations and if those museums go away, they're likely to be gone forever," said Lott.For the San Diego Chinese Historical Museum, historians have been collecting items dating back more than 100 years, preserving history of when Chinese immigrants first came to California. "There's a couple things people can do to help museums right now. People need to really contact their legislators and let them know why their museums are important to them and advocate that museums be included in any financial relief at all levels; the federal, state and local levels," said Lott."It could be monetary, of course, is the best. Volunteer hours or just show the appreciation. Show the concern and care so we know people love our museum. So, there are different ways to show the appreciation," said Birmingham. Lott says any bit of support will make a difference for many museums so they can continue to preserve history for years to come. 3202

If you're trying to avoid political ads in the closing days of the campaign, you might want to avoid morning shows and daytime TV. Using data provided by the data firm Kantar Media / CMAG, Cover/Line looked at the TV shows that have aired the most political ads in 2018 as of October 30, about how much was spent to air them, and who aired the most.The top buyers for these shows were all either the Republican PAC Congressional Leadership Fund, the Democratic group Senate Majority PAC, or Sen. Jon Tester, a Montana Democrat whom President Trump has campaigned to replace with Republican Matt Rosendale and who was able to air more ads on top shows for a much lower rate in Montana.Here's the top ten: 711

HOUSTON, Texas -- Police engaged a driver in a prolonged slow-motion chase along Houston highways Thursday morning.According to KTRK, the chase started after a 911 call to a disturbance. The suspect reportedly pistol whipped a woman and fled when police arrived.Police believed the suspect might have been armed during the pursuit.The chase started out as a high-speed chase. But when the SUV suffered a flat tire, the driver briefly stopped on the highway before proceeding at very slow speeds.Several miles later, the driver again pulled over and the SUV was surrounded by authorities.  Yet somehow the SUV was able to drive away again.After another brief chase, a patrol car performed a PIT maneuver to stop the SUV for good.Officers surrounded the vehicle and pulled the driver out.The driver was removed from the scene on a stretcher. 872

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