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Denver has approved a city ordinance to decriminalize hallucinogenic mushrooms, the city's elections division said.The Initiated Ordinance 301, or the 163

Economists are split on whether there will be a recession in the next few years.Many of them say if there is one, it won't be driven by the housing market like last time.However, the housing market still plays a key role in a healthy economy, so experts are watching a few things closely, including supply and demand and home values.Experts predict older Americans will flood the market by putting 21 million homes up for sale over the next 20 years.But some economists say market forces could decimate demand by then.And with low demand, sellers will be forced to lower their prices in order to sell.Experts say the whole process could create a housing bubble, and then, burst it.Experts are also watching subprime lending. That’s when lenders let people with bad credit borrow money.Critics argue those loans are more likely to go into default, especially if there’s any hiccup in the economy.Subprime lending is much lower today than it was before the last housing crisis, but some experts say those rates are still too high.Experts do say new lending standards could prevent mortgages that helped create the crisis. 1131

Coming off a day of record-breaking gains, the Dow Jones Industrial Average took a major hit on Tuesday, closing down nearly 800 points amid coronavirus fears. The Dow dropped despite the Federal Reserve announcing that interest rates would drop by .5 percent, a move generally used to help boost the economy in times of economic downturns. While the Dow gained nearly 1,300 points on Monday, a one-day record, the Dow has lost nearly 4,000 points in recent weeks. The market has lost nearly 15% of its total value in that time span. Among the industries to see major losses include travel, pharmaceutical and aviation. Companies such as Boeing, at Walt Disney and Walgreens have seen double-figure losses in their stock value. Oil companies such as Chevron have also seen a large drop in value in recent weeks. 824

COLLIER COUNTY, Fla. — Florida deputies say they have a cat burglar in custody. Literally, a cat. The burglar, named Bones, was found after Collier County Sheriff's deputies were called to a suspicious incident that was possibly a burglary in progress. 265

Education Secretary Betsy DeVos is facing another lawsuit over the department's loan forgiveness program aimed at helping defrauded students.More than 150,000 applications are pending, and some borrowers have been waiting years to hear whether they'll be granted debt relief. Seven borrowers, all of whom attended for-profit colleges, filed the lawsuit Tuesday."Department officials have not offered a timetable for reviewing these applications. It's becoming very clear that they're not treating them in good faith," said Eileen Connor, legal director at the Project on Predatory Student Lending, which filed the case on behalf of the seven borrowers.The department stopped processing claims under DeVos, who wants to rewrite the Obama-era rule that allows defrauded students to seek loan forgiveness.But a federal judge -- siding with Democratic attorneys general from 18 states and the District of Columbia -- ruled that DeVos' freeze was "arbitrary and capricious" and ordered immediate implementation of the rule in October.Still, the department did not process any more claims through the end of last year, according to the latest data available, and Connor says there's been no indication that it has started to review them again.The Department of Education did not immediately respond to a request for comment.DeVos has called the rule, known as Borrower Defense to Repayment, "bad policy." She's proposed offering partial loan forgiveness for qualifying students instead, based on the income of their peers who attended similar programs at other colleges. The plan would save the government .7 billion over a 10-year period compared with the Obama version, the department said.Department officials have argued that they cannot process claims while another lawsuit is ongoing. The agency was also sued over the proposal to offer partial forgiveness."Until we have clear direction from the court, or a different methodology that we think doesn't run the same challenges -- yes, we are in a holding pattern for students that are probably eligible for partial relief," said Diane Auer Jones, principal deputy under secretary, at an event at the 2165

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