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@ISIDEWITHQuestionsthe Economy7mos ago

Should the government enforce a cap on CEO pay relative to the pay of their employees?

This policy would limit the amount a CEO can earn compared to the average salary of their employees. Proponents argue that it would reduce income inequality and ensure fairer compensation practices. Opponents argue that it would interfere with business autonomy and could discourage top executive talent.

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 @ISIDEWITH submitted…6 days6D

Netanyahu Shifts Focus to Iran After Cease-Fire with Hezbollah

Israel approved a cease-fire with Lebanon that is intended to bring a halt to more than a year of fighting with the Hezbollah militia and could help defuse a broader regional crisis that has threatened to ensnare the U.S. and other world powers.“I have some good news to report from the Middle East,” President Biden said on Tuesday, announcing a cease-fire that he said would begin at 4 a.m. local time on Wednesday.Israeli Prime Minister Benjamin Netanyahu backed the agreement earlier in the day, saying it would let Israel focus on the threat from Iran, allow the Israeli military to rest and rearm, and isolate Hamas.“The continuation of the cease-fire will be dependent on what happens in Lebanon. We will enforce the agreement and respond forcefully to every violation,” Netanyahu said.Lebanon’s prime minister, Najib Mikati, welcomed the agreement, saying it would bring “calm and stability in Lebanon and the return of the displaced to their homes and cities.”The Lebanese cabinet is expected to meet on Wednesday to approve steps to enforce the cease-fire, including sending government security forces to areas of southern Lebanon near the border with Israel.Hezbollah has indicated openness to a deal in recent days. “What concerns us are Lebanese national measures and the protection of sovereignty,” Hassan Fadlallah, a member of Parliament affiliated with the group, told The Wall Street Journal on Tuesday.The announcements came after a day of heavy bombardment of Beirut while Israeli ground forces advanced deeper into Lebanese territory. Minutes after Biden spoke, a series of explosions thundered in Beirut. Northern Israel also came under renewed rocket fire.There was no immediate public comment from Hezbollah on the announced cease-fire.If implemented, the agreement would be a diplomatic success for Biden in the twilight of his administration, after more than a year in which the White House has tried to fend off the possibility of a wider regional war. It could also change the landscape that President-elect Donald Trump will face when he takes office in January.

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 @ISIDEWITH submitted…5hrs5H

America’s Housing Market Is Crushing First-Time Buyers

It takes more money than ever to buy a home in America right now. And nearly a third of home buyers navigating the high mortgage rates, rising home prices and low inventory are somehow buying their homes entirely in cash.The share of home buyers paying all cash reached 33 percent through August this year, according to data from Redfin — one of the highest rates since the years following the Great Recession.As cash purchases have become more common, the median age of home buyers has been ticking up and now stands at 56 years old, according to NAR’s data from July 2023 to this June. Even for first-time buyers, the median age has risen to 38 compared to 35 last year.Many of the all-cash buyers are selling previously owned homes to fund their moves. But the rise of cash buys is making it even harder for first-time home buyers. Between July 2023 and June 2024, the share of first-time home buyers in the market was only 24 percent — a historic low.“If it’s a multiple offer situation, it’s likely going to be hard to beat an all-cash offer,” said Jessica Lautz, deputy chief economist for the National Association of Realtors. Cash offers often move quicker and are seen as less risky for the sellers.And the struggle to break into the housing market may not ease anytime soon — property experts surveyed by Reuters expect affordability to get worse for first-time buyers over the next year.

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 @ISIDEWITH submitted…5hrs5H

Mexican Shuts Down 2 Migrant Caravans After Trump Threat

Mexican immigration authorities have broken up two small migrant caravans headed to the U.S. border, activists said Saturday.Some migrants were bused to cities in southern Mexico, and others were offered transit papers.The action comes a week after U.S. President-elect Donald Trump threatened to slap 25% tariffs on Mexican products unless the country does more to stem the flow of migrants to the U.S. border.On Wednesday, Trump wrote that Mexican President Claudia Sheinbaum had agreed to stop unauthorized migration across the border into the United States. Sheinbaum wrote on her social media accounts the same day that “migrants and caravans are taken care of before they reach the border.”Migrant rights activist Luis García Villagrán said the breaking-up of the two caravans appeared to be part of “an agreement between the president of Mexico and the president of the United States.”The first of the caravans started out from the southern Mexico city of Tapachula, near the border with Guatemala, on Nov. 5, the day Trump was elected. At its height it had about 2,500 people. In almost four weeks of walking, it had gone about 270 miles (430 kilometers) to Tehuantepec in the state of Oaxaca.In Tehuantepec, Mexican immigration officials offered the tired migrants free bus rides to other cities in southern or central Mexico.“They took some of us to Acapulco, others to Morelia, and others from our group to Oaxaca city,” said Bárbara Rodríguez, an opposition supporter who left her native Venezuela after that country's contested presidential elections earlier this year.Rodríguez said by telephone she later caught a bus on her own to Mexico City.In a statement Saturday, the National Immigration Institute said the migrants voluntary accepted bus rides “to various areas where there is medical assistance and where their migratory status will be reviewed,” and said “upon accepting (the rides), they said they no longer wanted to face the risks along their way.”

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