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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

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

If you knew the world was about to end, where would you go? I'm guessing, Kansas isn't the answer. But, it probably should be.Down a long dirt road in the middle of Glasco, Kansas there is a bunker that can withstand a nuclear bomb, earthquake, tornado, terrorist attack and even a pandemic. It's called Survival Condo. In the late 1960's it was a missile silo, but as modern technology quickly progressed, the old silo was forgotten about. However, 10 years ago Larry Hall purchased the bunker. He decided to build a luxury survival complex for the wealthy if Armageddon were ever to happen. The bunker sits 201 feet below ground. It takes less than 30 seconds to go from the top floor to the bottom. Each condominium cost three million dollars. The complex is self-sustaining and includes plenty of amenities. It has an indoor pool, dog park, spa, gym, cinema, grocery store, a hospital and a hydroponics room; which allows them to be self-sustaining. Survival Condo is also self-sustaining when it comes to power. They have batteries that last for 15 years, wind turbines, and two generators to keep the entire complex up and running. Larry Hall says, even if the world never comes to an end, residents who own a Survival Condo can still use the underground bunker as a vacation destination. 1322

In a city where a bowl of noodles doesn't usually cost more than , a shop in Taipei has been charging 5, or TWD10,000, for its beef noodle soup -- and diners are happily paying for it.Beef noodle shop Niu Ba Ba, founded in 1990 in Taiwan, serves just eight types of beef noodles -- ranging from the classic Beef Father Beef Noodle Soup () to the most expensive -- the Presidential Beef Noodle Soup (5). 421

IMPERIAL BEACH, Calif. (KGTV) - South Bay residents have an opportunity to sound off over the sewage coming up from Mexico, leading to beach closures.The U.S. section of the International Boundary and Water Commission is holding a forum on the topic Thursday. The sewage either comes from Tijuana runoff or the Punta Bandera treatment plant."I would love to surf everyday without worry," said Imperial Beach councilwoman Paloma Aguirre. "I would love for my friends to be able to take their babies to the beach, and sit on the sand and not worry about bacteria."Meanwhile, officials in Imperial Beach and Coronado are expressing new optimism. A meeting this week identified 0 million in projects that could help: funding still unclear.The meeting starts at 5:30 p.m. Thursday at the Tijuana Estuary Meeting Room, 301 Caspian Way in Imperial Beach. 859