Americans hit the roads and airports for Memorial Day weekend. Trump targets international student at Harvard. DC double murder investigation. CBS News Correspondent Steve Kathan has today's World News Roundup.
Sales of existing homes fell in April to about 4 million a year. For comparison, almost 7 million existing homes were sold each year from 2020 to 2022. The reasons? Home prices are high, mortgage rates are high, and there's lots of economic uncertainty. And later in the program: A proposed law could help people who lost homes in this year's Los Angeles wildfires avoid "vulture capitalists."
From the BBC World Service: Japan's inflation rate is heating up, hitting its fastest pace in more than two years: 3.5% in April. That could mean higher interest rates for the first time in years. It's a big shift for a country used to falling prices and a major challenge for the government and central bank. Plus: flooding in Australia, a raised retirement age in Denmark and cash use in Sweden.
In 1975, the Vietnam War ended with the fall of Saigon. Afterward, a large wave of Vietnamese refugees fled the country and arrived in neighboring countries like Cambodia and the Philippines – and the United States as well. Many found community on the coasts like in California or New York, but others created enclaves in the Midwest cities like Chicago.
To mark 50 years since the end of the Vietnam War and in honor of Asian American, Native American and Pacific Islander Month, Reset learns more about the history of the Vietnamese community in Chicago.
Panel:
Vân Huynh, executive director of the Vietnamese Association of Illinois
Tam Nguyen, employment counselor at Chinese Mutual Aid Association
Ngoan Le, the first executive director, Vietnamese Association of Illinois; former chief of the Illinois Bureau of Refugee and Immigrant Services.
For a full archive of Reset interviews, head over to wbez.org/reset.
The man suspected of killing two Israeli Embassy employees outside a Jewish museum in D.C. has been charged with two counts of murder, among other crimes. The Trump administration has revoked Harvard University's ability to enroll international students, sowing confusion for those who are already enrolled. Plus, the U.S. Supreme Court said President Trump can fire two members of independent agencies — for now.
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Today's episode of Up First was edited by Krishnadev Calamur, Nicole Cohen, Russell Lewis, Ally Schweitzer and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Zac Coleman and Josh Sauvagvau. Our technical director is Carleigh Strange.
Plus: Major U.S. banks explore whether to team up to issue a joint stablecoin. And Chinese automaker BYD outsells Tesla in Europe for the first time ever. Kate Bullivant hosts.
A.M. Edition for May 23. While the court said President Trump can remove independent agency leaders, the ruling found the Federal Reserve is unique, providing some relieft o investors. Plus, major U.S. banks are exploring whether to team up to issue a joint stablecoin. And as BYD beats out Tesla in European sales for the first time ever, we look at how China has been building up its high-tech industries with WSJ’s Brian Spegele. Azhar Sukri hosts.
The country’s leader is in a mad rush to transform his country into an upper-middle-income powerhouse before geopolitical forces stall its rise. America’s army is being thinned out; we examine the risks of putting both weapons and generals on the chopping block (10:12). And remembering Ed Smylie, who saved the crew of Apollo 13 with a delightfully low-tech plan (17:47).
Just beneath the surface of the global economy, there is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity. Javier Blas and Jack Farchy, the authors of The World for Sale, help us shine a light on the shadowy realm of commodity traders.
MMT uses chartalism and a few dubious examples to appeal to history to establish the theory‘s authority and validity, only to discard this element as irrelevant and unnecessary.