Several years before the Great Recession began in 2008, a Harvard Law professor predicted that reckless home-mortgage lending could lead to a banking crisis. “I warned about an economic crash years before the 2008 crisis, but the people in power wouldn't listen,” Warren wrote in a Medium blog post published Monday. Then in 2004, she “warned that families were getting deeper into debt and hanging on only by borrowing against their homes, which put them in a vulnerable position if costs rose or a family member lost a job.” The median down payment for first-time home buyers was just 3 percent of the purchase price, she noted.
A US warship may have brought down two Iranian drones in a stand-off in the Gulf last week that Iran has disputed, the commander of regional forces said Tuesday. "We are confident we brought down one drone, we may have brought down a second," General Kenneth McKenzie, the CENTCOM commander, told CBS news in an interview aboard the USS Boxer, the vessel at the center of the incident. Iran, which last month shot down a US Predator drone that it said had ventured into its airspace, has denied that it lost any of its own unmanned aerial vehicles, after President Donald Trump announced that the USS Boxer had downed one.
Why? Bernie Sanders Employees Demand $15 Hourly. Democratic presidential candidate Bernie Sanders's campaign staffers are demanding wages of at least $15 hourly, but a campaign strategist is calling that prospect “ridiculous,” saying productivity would have to be cut to stay within budget. “I'm very proud to be the first presidential candidate to recognize a union and negotiate a union contract,” he told the Des Moines Register on Friday.
After more than 110 years, a historic bridge in rural North Dakota has given way to a load of beans. The 56-foot wooden bridge over the Goose River collapsed on Monday as the driver of a tractor trailer truck tried to haul a load of dried beans over it, the Grand Forks County Sheriff's Office said in a statement. While the cab of the 2005 Peterbilt truck made it to the other side, pictures posted online by the sheriff's office showed the trailer "hung up" on the west side of the now V-shaped bridge that had bottomed out in the shallow river about 30 miles southwest of Grand Forks.
DETROIT, Mich. A beauty queen was stripped of her title for what she claims is discrimination against her conservative political views. Kathy Zhu, also a University of Michigan student, was dismissed as a Miss World America pageant participant a day after she was crowned when the organization claimed the content of her social media was "offensive, insensitive and inappropriate."
A Puerto Rico judge has issued search warrants for the cellphones of government officials tied to an online chat that has sparked a political crisis in the U.S. territory. Territorial Justice Department spokesman Kelvin Carrasco told The Associated Press on Tuesday that the warrants were approved overnight and were issued for those who have not yet turned over their phones. The warrants follow massive protests demanding the ouster of Gov. Ricardo Rosselló, who participated in an offensive, obscenity-laden online chat between him and his advisers that was leaked and triggered the crisis.
A Raleigh man was killed Friday after he was hit by a strong wave at Oak Island, his family said.
Toyota's budget sedan provides driving fun and an upscale interior. From Car and Driver
The incident, which the government said was caused by an “attack,” was reminiscent of another failure in March which dragged on for as long as 10 days in some areas and prompted Nicolas Maduro's administration to begin power rationing outside of the capital city Caracas to normalize the grid. Information Minister Jorge Rodriguez said that school and work activities would be suspended on Tuesday in order to keep power demand lower and state-run electricity company Corpoelec said that service had been restored to all of Caracas, with work still to be done in other states nationwide. Maduro and his government have insisted that the country's electrical problems are a product of sabotage and sophisticated attacks by the U.S. and local opposition who are seeking to remove him, while industry experts and critics point to a lack of investment and maintenance.
Seven Democratic senators have said they regret calling on former Minnesota Sen. Al Franken to resign over accusations of sexual harassment. In a new story in the New Yorker, investigative reporter Jane Mayer found a number of holes in the story of Franken's primary accuser. In November 2017, a conservative talk-radio station released a photo of Franken pantomiming grabbing radio host Leeann Tweeden's breasts while on a 2006 USO tour.
Britain on Monday said it was planning a European-led protection force for shipping in the Gulf after Iranian authorities seized a British-flagged tanker in a dramatic escalation of tensions in the region. Foreign Secretary Jeremy Hunt condemned Iran's actions as "state piracy" while at the same time emphasising that Britain did not want confrontation. "We will seek to establish this mission as quickly as possible," Hunt said, adding that a second warship that Britain has sent to the region would arrive by July 29.
Task and Purpose Security, A sad day. The Navy has identified the missing sailor from the aircraft carrier USS Abraham Lincoln as Aviation Electronics Technician 2nd Class Slayton Saldana, who was assigned to Helicopter Sea Combat Squadron 5, with Carrier Air Wing 7. Saldana has been listed as Duty Status Whereabouts Unknown since July 17.
Sarah Huckabee Sanders made an appearance Sunday at an exclusive Republican Governors Association-hosted retreat, further stoking anticipation that the former White House press secretary may pursue a bid for statewide office. Sanders, who is seen as a possible 2022 Arkansas gubernatorial candidate, attended a dinner hosted by the family of the late Fred Malek, a major GOP donor and former RGA finance chairman who died in March. The dinner kicked off a two-day retreat the RGA is hosting in Aspen, Colo., which is expected to draw an array of GOP governors and donors.
A little boy who was fishing off the coast of Cape Cod is OK after almost being hit by the tail of a great white shark that leapt out of the water to snatch a fish off a line. In a video captured by another passenger on the Columbia Sportfishing ship, the shark can be seen breaching the water to steal a bass being reeled back into the boat. The shark's tail then almost smacks the boy as it dives back down into the water.
A man charged with killing a reputed New York mob boss was deluded by internet conspiracy theories and thought he was helping President Donald Trump defend Democracy, his attorney said in court papers filed Friday. Anthony Comello is facing murder charges in the March 13 shooting of Francesco "Franky Boy" Cali, an alleged leader in the Gambino crime family. In a legal filing, attorney Robert Gottleib said Comello was gripped by an irrational belief that Cali was part of a "deep state" that secretly controls the U.S., and went to the gangster's home on Staten Island with handcuffs with the intention of arresting him.
A 13-year-old boy in eastern China has reportedly been fined for stealing two planes and taking them on a joyride at a local airport. But there's a small silver lining: Airport staff were so impressed by his skill that he'll soon be taking lessons from a pilot, according to the South China Morning Post. On June 15, the unidentified boy trespassed at a small airport in Huzhou, a city in eastern China, taxiing and soon crashing a SeaRey seaplane worth $273,000 onto a guardrail, the Post reported.
But on a recent submarine dive shark expert Gavin Naylor caught amazing footage of one on camera cozying up to his research vessel, seeming to almost flirt and play with the vessel. "I'm literally nose to nose with this animal," Naylor, who does research at the Florida Museum of Natural History, told Live Science, referring to his trip in a submersible. Bluntnose sixgills are the oldest living shark lineage, said Dean Grubbs, a deep-sea ecologist at the Florida Museum of Natural History.
Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of those who enter the United States illegally, unless they can prove they have been living in the country for at least two years. Legal experts said it was a dramatic expansion of a program already used along the U.S.-Mexican border that cuts out review by an immigration judge, usually without access to an attorney. "The Trump administration is moving forward into converting ICE (Immigrations and Customs Enforcement) into a 'show me your papers' militia," said Vanita Gupta, the president of The Leadership Conference on Civil and Human Rights, on a call with reporters.
Dozens of civilians, including at least five children, have been killed in recent days as Russia and the Assad regime stepped up their assault on the rebel-held province of Idlib. At least 59 civilians were killed in strikes on Monday, according to the UN, in one of the most intensive days of bombardment since the regime offensive began three months ago. The bloodiest airstrikes fell on the market town of Maaret al-Numan, where around 40 people died, including eight women and five children, the UN said.
A French submarine that went missing in the western Mediterranean in 1968 has been found, officials said Monday, ending a 51-year wait for families of the crew who continue to seek answers to the naval disaster. The diesel-electric Minerve submarine was lost off France's southern coast with 52 sailors on board on January 27, 1968. "We found the submarine Minerve last night located 45 kilometres (30 miles) south of Toulon, about 20 kilometres further south than where it was searched for in 1968," the French maritime prefect of the Mediterranean, Vice Admiral Charles Henri du Che, told reporters in Toulon.
Robert Farley Security, Americas The response would be overwhelming. Circumstances obviously matter for an attack on a U.S. aircraft carrier. An out-of-the-blue attack from a conventionally armed state actor would enjoy the highest levels of success, but would also have an impact on elite and public opinion in the United States that might drive calls for dire retribution.
A University of Mississippi student has been arrested and charged for allegedly murdering a 21-year-old sorority sister whose bullet-riddled body was found near a lake about 20 minutes away from campus. Brandon Theesfeld, a 22-year-old senior, was arrested Monday afternoon and is currently in custody at the Lafayette County Detention Center, the Lafayette County Sheriff's Department confirmed to The Daily Beast. He was charged Tuesday at the Lafayette County Courthouse, just days after Alexandria “Ally” Kostial, an Alpha Phi sorority sister and rising senior at Ole Miss, was found dead by a deputy during his Saturday morning patrol near Sardis Lake.
Taiwan's intelligence chief quit after accusations that an agent attempted to use President Tsai Ing-wen's overseas trip to secure some $200,000 worth of tax-free cigarettes. National Security Bureau Director-General Peng Sheng-chu resigned Monday, hours after the smuggling attempt was discovered upon Tsai's return from a visit to the Caribbean that included a U.S.-stopover. Tsai said in a Facebook post that the allegations represented unacceptable conduct by government officials and undercut the trip's diplomatic mission, “leading to ignorance of the achievements of visits to allies.
The Latest on FBI Director Christopher Wray's appearance before a Senate committee (all times local): 11:10 a.m. FBI Director Christopher Wray says China poses a more serious counterintelligence threat to the United States than any other country, including Russia. Wray told the Senate Judiciary Committee on Tuesday the FBI has more than 1,000 investigations involving economic espionage and attempted intellectual property theft.
The company premiered the design in the U.K. at the Royal International Air Tattoo air show last week: "A hybrid-electric, turbo-propeller aircraft for regional air transportation," according to a press release. The "bird of prey" is meant to give insight into what a regional aircraft might look like in the future. "Our 'Bird of Prey' is designed to be an inspiration to young people and create a 'wow' factor that will help them consider an exciting career in the crucially-important aerospace sector,” Martin Aston, a senior manager at Airbus, said in a statement.