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Tag: continues

The low-priced home shortage continues

The low-priced home shortage continues

Finance
The nationwide housing shortage continues but is especially troublesome for homebuyers with a budget of $ 250,000 or less, Susan Wachter, professor of real estate and of finance at the Wharton School of Business at the University of Pennsylvania, told CNBC on Monday. Rising labor, land and material costs are slowing down the supply, "except at higher prices, which is simply not affordable for the great middle, and that’s where we see the hit in ... existing sales," Wachter said on "Power Lunch." Sales of existing homes are down for the third month in a row due to a shortage of properties, which results in higher prices ...
England's losing run continues as South Africa win 10-try thriller

England's losing run continues as South Africa win 10-try thriller

Sports
First Test: Australia v IrelandSouth Africa (29) 42Tries: De Klerk, Nkosi 2, Le Roux, Dyantyi Cons: Pollard 4 Pens: Pollard 3England (27) 39Tries: Brown, Daly, Farrell, Itoje, May Cons: Farrell 4 Pens: Daly, FarrellEngland lost their fourth Test in a row as South Africa launched an astonishing fightback to win the first Test.England raced into a 24-3 lead as Mike Brown, Elliot Daly and Owen Farrell crossed for converted tries.But the Springboks led 29-27 at the break via Faf de Klerk, S'busiso Nkosi (2) and Willie le Roux tries. Aphiwe Dyantyi then went over for the hosts, and two Handre Pollard penalties meant scores from Maro Itoje and Jonny May were not enough for England.It meant new Sout...
Facebook shares slip as scrutiny continues

Facebook shares slip as scrutiny continues

Business
Facebook shares continued to slide on Tuesday, amid ongoing furore concerning the use of data collected by the social network.The firm's stock closed down 2.6%, following a steep decline a day earlier.The concerns infected fellow social media company Twitter, which was down more than 10%.Investors are reacting to calls for tighter regulation of tech firms from politicians in the US, UK and Europe.On Tuesday, US media reported that the Federal Trade Commission, a US regulator, is looking into Facebook's handling of personal data.The questions follow allegations that 50 million Facebook users' private information was misused by a political consultancy firm.Cambridge Analytica (CA), used by the Trump campaign in the 2016 US election, has been accused of taking personal data without users' kn...
Gas supply fears as cold snap continues

Gas supply fears as cold snap continues

Business
National Grid has warned it may not have enough gas to meet UK demand on Thursday and has asked suppliers to provide more.In the event that there is still a deficit, large gas users such as industry and large businesses will be asked to use less gas.Consumers will only be asked to use less gas as a last resort if these measures do not work.Demand for gas on Wednesday hit a six-year high as cold weather swept the UK."This warning has been issued in response to a series of significant supply losses resulting in a forecast end of day supply deficit," the National Grid posted on an energy data site.Some pipelines carrying gas from the Netherlands and Belgium have had problems this week.Energy analyst Peter Atherton said that the supply loss was "potentially quite significant".If suppliers are ...
Louvre Museum shuts down lower level as River Seine continues to flood

Louvre Museum shuts down lower level as River Seine continues to flood

World
Following weeks of heavy rain in Paris, the River Seine continues to rise -- now putting its famous Louvre Museum in danger. The water level is expected to reach 20 feet by Saturday, which is 13 feet higher than its normal height, according to the latest official weather bulletin. The rise of the water level is causing disruption to the city’s transportation system. Seven metro stations alongside the river in Paris have been shut down and will remain closed until Jan. 31, transport authorities said. The flood is also starting to affect the Louvre Museum, located next to the Seine. In a statement, France's most visited museum -- home of the Mona Lisa -- said it will close the lower level of the Department of Islamic Arts until Jan. 28. Roads and walking paths along the river have been