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How do you like your wings? How about wings coated in 24 karat gold?One restaurant in New York City is offering just that.The Ainsworth partnered up with Jonathan "Foodgōd" Cheban to offer the most extravagant wings in town. Wings are brined for 12 hours, baked and then fried and coated with a layer of gold dust.You can order 10 wings for or 20 wings for , according to CNN. 421
If Santa were to find his way to Baltimore, Maryland, 34th Street might be the perfect place to land his sleigh and Bob Hoshier might be the perfect person to welcome him to the neighborhood.The 57-year-old man has lived on this block since the 1980s, the year he first hung up a few strands of Christmas light. His neighbors eventually got in on the decorating and now, every year, this strip of row houses is covered so thickly in Christmas lights that planes landing at nearby Baltimore Washington International Airport might mistake it for a landing strip.And this year, more than ever, Hoshier knew his gift to the neighborhood had to shine."It's been a terrible year. With the amount of people out of work, the kids that aren’t gonna have a great Christmas, and this is free, isn’t going to cost them anything," Hoshier said as he watched people walk up and down the block admiring the lights.Turns out Hoshier isn't alone in his love for light. Sales of Christmas lights are up nearly 20 percent nationwide in 2020."With the way everyone is hunkered down in their houses, it puts a little joy on kids' faces,” Hoshier said. “You only have to put one string of lights up, you don’t have to go crazy as we do.”But the holidays aside, there might be something much deeper at play when it comes to Americans’ newfound fascination with Christmas lights this year. In a year defined by darkness, psychology professor Dr. Krystine Batcho sees a reason behind those skyrocketing light sales."Holidays themselves are wonderful social or community markers for time. It reminds us that there’s a cycle to nature, the seasons' cycle," said Dr. Batcho, who teaches at Le Moyne College in Syracuse, New York.With so many of our routines upended, putting up lights can be a marker in time. A way for our subconscious to reset."None of us can stop time or reverse it, but when you put up those lights, you’re saying, ‘I’m going to tell the world it’s time to take a break,’" she added.In a year that has seen its fair share of darkness, Dr. Batcho sees these tiny little bulbs as lighting the way forward."It’s an act of hope, and we all are anticipating the end of the pandemic, so this takes on more meaning, more purpose,” she said. 2234
Hundreds gathered at a house party in Howell Township on Sunday, less than a week after New Jersey tightened indoor gathering restrictions because of an increase in the rate of coronavirus transmission.Local police asked for help from Wall, Brick, Jackson, Freehold, Monmouth, and Ocean County Sheriffs and State Police because of the large number of people at the party. There were about 300 people at the party."Most of the attendees are compliant," police said. "Others are hesitant and are directing their anger towards the host who charged admission."Police arrested the host."At one point, we probably had about 500 people here," said Howell Police Sgt. Christian Antunez. "When we got here there were party buses dropping people off."Police said there was admission to get in — for women and for men."Some paid up to 0 for a cabana rental," said Antunez.A flier advertising the pool party on Wilson Drive lists prices and a DJ."I was in disbelief," said Pam Borges, who struggled to get into her own neighborhood when police blocked off all the streets. "My neighbors were talking about them urinating on their cars."It took police two hours to break it up.On Monday, Gov. Phil Murphy attributed many coronavirus cases in the state to parties."We believe that some of this increase is attributable to the number of indoor house parties we’ve been seeing across the state. Indoor gatherings are not safe," he said.This story was originally reported by Aliza Chasan and Christie Duffy at WPIX. 1517
In a series of unusually candid remarks, the US general in charge of the nation's nuclear arsenal has issued a stark warning that Russia and China are "aggressively" developing new high-speed, or hypersonic, weapons that the US currently has no defense against.The weapons might not be operational for several years, but Gen. John Hyten, the four-star head of US Strategic Command, is warning that changes to missile defenses are urgently needed or the US will be unable to detect them when they are operational."China has tested hypersonic capabilities. Russia has tested. We have as well. Hypersonic capabilities are a significant challenge," Hyten told CNN in an exclusive interview. "We are going to need a different set of sensors in order to see the hypersonic threats. Our adversaries know that."Hyten and other military officials say the current generation of missile detecting satellites and radars won't be enough to detect these new generation weapons. Hypersonic is generally defined as a speed of Mach 5 or over 3,806 miles per hour."We've watched them test those capabilities," Hyten told Congress last week. But with unusual public candor about potential US military shortfalls, he acknowledged "we don't have any defense that could deny the employment of such a weapon against us, so our response would be our deterrent force, which would be the triad and the nuclear capabilities that we have to respond to such a threat."Hypersonic missiles fly into space after launch, but then come down and fly at high speeds on a flight path similar to an airplane. Their lower trajectory make them more difficult for US missile defense satellites and radars to detect. Russia has openly stated it is developing high-speed air-launched missiles as well as underwater hypersonic drones.The Pentagon is currently writing a review of its missile defenses to help determine what new capabilities might be needed to deal with new classes of attack weapons. Hyten gave Congress a hint of what may be in that review stating "the first thing we need is better sensor capability, better tracking capabilities to make sure we can characterize and then respond to that threat."He also called for improved US warheads, essentially "better kill vehicles on the top of our interceptors so that those kill vehicles become more and more lethal." The Pentagon is also working on concepts for interceptor missiles that repel a barrage of enemy attack missiles. Current US missile defenses are designed to only shoot down a small number of enemy missiles.The US focus has largely been to work on hypersonic technologies across the board. But Russia is now well into testing some of its systems. Earlier this month Russia showed video of what the Kremlin said was an air-launched hypersonic ballistic missile.When asked how far along the Russian hypersonic program is, Hyten told CNN, "I don't want to put a who's winning the race, I'll just say there is a race."When asked how soon it could be before the Russians have an operational hypersonic weapon that could reach the US, Hyten said, "It's similar to the North Korea problem. If you continue to pursue that technology, you will get there. And the Russians will get there, the Chinese will get there and we'll get there -- and we'll have to figure out how to deal with that." 3323
If you’re a potential homebuyer eyeing interest rates and real estate listings, you might be scratching your head. Mortgage rates are historically low, which means the cost of borrowing is cheap. However, home prices are up in all areas of the country, according to the most recent data from the National Association of Realtors.Whether you’re a first-time buyer on a budget or you have a large down payment and a high income, nobody wants to lose money on real estate.Unfortunately, there’s no simple answer to the question of whether to buy or not to buy. For one, real estate is local. So, although home values continue to rise in every region, there are unique differences among states, cities and even neighborhoods. But there are some indicators homebuyers can plug into their own personal situation that can help them get a better handle on how well current market conditions line up with their goals.Related: Compare Personalized Mortgage Rates From 6 LendersMortgage Rates Could Start Rising With a Coronavirus VaccineA big wake-up call for mortgage borrowers came Monday when Pfizer announced preliminary results indicating its Covid-19 vaccine candidate is highly effective, causing markets to surge. Following the announcement, 10-year Treasury yields and mortgage rates both shot up.If the U.S. government approves the Pfizer vaccine, mortgage rates likely will start to rise, experts predict. This would exacerbate an already expensive housing market.“If the vaccine is approved, I would expect Treasury bond yields to move above 1% by 2021,” says John Lonski, markets economist at Moody’s Analytics. Ten-year yields are currently below 0.90%. “A vaccine will lead to an upturn in economic activity and business activity. Even if the Fed keeps the federal funds target in the current range, yields will rise, which means mortgage rates will, too.”Lower rates means more buying power; however, the large gains in home values have canceled out monthly savings. In fact, comparing starter home prices in the fourth quarter of 2019 with current starter home prices and their respective mortgage rates, today’s buyers will pay slightly more in monthly payments but could save tens of thousands of dollars in total interest paid.Home Prices Are RisingMedian single-family home prices climbed in all 181 metropolitan statistical areas tracked by the National Association of Realtors (NAR), according to its latest report. The double-digit year-over-year gains were most prominent in the West (13.7%), followed by the Northeast (13.3%), the South (11.4%), and the Midwest (11.1%).Median home prices on existing single-family homes shot up to 3,500, 12% higher from this time last year. This means that home prices are growing four times as fast as median family income.“Favorable mortgage rates will continue to bring fresh buyers to the market,” said Lawrence Yun, chief economist at NAR. “However, the affordability situation will not improve even with low interest rates because housing prices are increasing much too fast.”A colossal 65% of the areas measured (117 areas out of 181) saw double-digit price growth year-over-year.Although there’s strong growth in both urban and suburban areas, the data shows that less densely populated places are still performing better than packed cities in terms of homes sales and values. But some economists warn that with a vaccine on the horizon, the economy will snap back quickly thanks to a strong foundation going into the pandemic and could leave some homeowners with buyer’s remorse.“People are frightened. They’re running out of cities and going to suburbs. This fear-driven demand for housing is dangerous,” says Lonski, the Moody’s economist. “What happens to housing when Covid-19 is behind us? A lot of people will discover that they paid a little too much for homes. Unless you absolutely have to move, you should take a cautious approach to buying a home right now.”Look to New Construction to Help Slow Home Price GainsHousing affordability has been an issue for a few years now as residential construction has lagged behind demand, creating an enormous imbalance in the market. At the beginning of 2020, construction was picking up but Covid pushed a pause button on activity.The good news is that new residential construction is beginning to ramp up again. In September, housing starts were up by 11% year-over-year. According to the recent Dodge Data & Analytics 2021 Construction Outlook, U.S. construction starts are projected to increase by 4% next year, to 1 billion.“Construction has recaptured some of the momentum it lost at the beginning of the year, so that will be good for inventory,” says Danielle Hale, chief economist at Realtor.com.Hale says that inventory is really the only thing that can hit the brakes on rapid price growth, discounting other possibilities like baby boomers downsizing and expanding the pool of inventory as a meaningful solution.“As far as boomers moving and downsizing, we haven’t seen a lot of that,” Hale says. “We expect the biggest help on the inventory side to come from new construction. It’s not going to be completely easy—there will still be affordability challenges. We don’t expect prices to decline; instead price growth will just slow and get in line with wages.”What Homebuyers Should Consider Before BuyingThe five-year rule is the first thing you should consider before buying, which is a general calculation that shows when you’ll break even from closing costs.If you plan on moving within five to seven years, you’ll likely lose money on the sale—unless home prices jump up dramatically, which is not something buyers should count on.For homebuyers who plan on staying in the home long-term, there’s more time to build equity and make up for those hefty closing costs, which can equal about 2% to 5% of the purchase price.“Don’t get carried away by the madness of crowds. In the back of your mind you should be asking yourself: ‘Can I sell this property, if I have to, without losing too much?,’” Lonski says.To determine whether you can truly afford the house, consider taxes, insurance and repairs, in addition to the cost of the mortgage, which will vary based on your credit score, the type of loan you take out and the amount you put down towards the purchase out of pocket.Leslie Tayne, founder and head attorney at Tayne Law Group in New York, advises buyers to keep expenses at 30% of your income.“For example, when an individual has enough savings for a 20% down payment (to avoid private mortgage insurance), the mortgage payment is no more than 28% of their monthly income, and they have a 700+ credit score, buying a house can be a good financial move,” Tayne says. “Buying makes sense, too, when the value of the home decreases or there is an opportunity to purchase a property that is below market value.”Related: Compare Personalized Mortgage Rates From 6 Lenders 6919