Trump administration to rescind policy protecting undeveloped forests
The change will allow nearly 59 million acres of federal forest lands to be better managed for fire risk, the USDA said.
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Daily Mail
21 minutes ago
- Daily Mail
San Francisco landlord says only MAGA voters and Israel supporters can apply to rent his bargain apartment
A San Francisco landlord has sparked outrage for listing his spacious two bedroom apartment as available only to tenants who are MAGA voters and Israel supporters. Alexander Baran, 48, shared his 1,100 square foot listing in Sunnyside on Zillow this month. He was advertising the apartment for $3,500 per month, which also came with two bathrooms, a private deck, in-unit laundry and sweeping city views. At a time when the AI boom has caused a sudden influx of new residents, prices are soaring and housing is in short supply, Baran's listing seemed like a great deal. But in the fine print of the Zillow advertisement, under a subheading reading 'What's Special', Baran injected a very specific clause. 'Only MAGA voters and Israel supporters are invited,' the Zillow listing read. But in the fine print of the Zillow advertisement, under a subheading reading 'What's Special', Baran injected a very specific clause The listing was deactivated on Sunday, despite having two open homes scheduled for Sunday and Monday. It is unclear if the unit has now been leased to a tenant of Baran's choosing. The landlord declined to comment when approached at his home by The San Francisco Standard. 'Get the f--- away from here,' he said. 'Don't make me repeat myself.' David Blosser, the director of leasing at RentSFNow, told the Standard that the rental market in the region is the best it's been in years. He cited the AI boom for luring in tech industry workers. 'June was really the pivotal moment where the market shifted,' he said. 'Suddenly we were having back-to-back applicants for units across our portfolio, and really we hadn't seen that since before the pandemic.' Baran has faced mass criticism for his listing on social media. 'As if apartment hunting is SF isn't difficult enough already,' one critic wrote. 'So now the neighbors know anyone who ends up living there is a maga, have fun,' another wrote, while a third quipped: 'I'd say im maga and then move in and put up a Make America Gay Again flag.'
Reuters
21 minutes ago
- Reuters
Trump claims Powell 'hurting' the housing industry in latest attack on Fed chair
WASHINGTON, Aug 19 (Reuters) - U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and said he should cut interest rates. Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell. "Could somebody please inform Jerome "Too Late" Powell that he is hurting the Housing Industry, very badly? People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut," Trump wrote on Truth Social.
Reuters
an hour ago
- Reuters
Trump eyes US government stakes in other chip makers that received CHIPS Act funds, sources say
WASHINGTON, Aug 19 (Reuters) - U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said. Expanding on a plan to receive an equity stake in Intel (INTC.O), opens new tab in exchange for cash grants, a White House official and a person familiar with the situation said Lutnick is exploring how the U.S. can receive equity stakes in exchange for CHIPS Act funding for companies such as Micron (MU.O), opens new tab, Taiwan Semiconductor Manufacturing Co ( opens new tab and Samsung ( opens new tab. Much of the funding has not yet been dispersed. Aside from Intel, memory chipmaker Micron is the biggest U.S. recipient of CHIPS Act cash. TSMC declined comment. Micron, Samsung and the White House did not respond to requests for comment. White House press secretary Karoline Leavitt confirmed on Tuesday that Lutnick was working on a deal with Intel to take a 10% government stake. "The president wants to put America's needs first, both from a national security and economic perspective, and it's a creative idea that has never been done before," she told reporters. While Lutnick said earlier on CNBC that the U.S. does not want to tell Intel how to run its operations, any investment would be unprecedented and ramps up a new era of U.S. influence on the big companies. In the past, the U.S. has taken stakes in companies to provide cash and build confidence in times of economic upheaval and uncertainty. In a similar move earlier this year, Trump approved Nippon Steel's (5401.T), opens new tab purchase of U.S. Steel after being promised a "golden share" that would prevent the companies from reducing or delaying promised investments, transferring production or jobs outside the U.S., or closing or idling plants before certain time frames, without the president's consent. The two sources said Treasury Secretary Scott Bessent is also involved in the CHIPS Act discussions, but that Lutnick is driving the process. The Commerce Department oversees the $52.7 billion CHIPS Act, formally known as the CHIPS and Science Act. The act provides funding for research and grants for building chip plants in the U.S. Lutnick has been pushing the equity idea, the sources said, adding that Trump likes the idea. The U.S. Commerce Department late last year finalized subsidies of $4.75 billion for Samsung, $6.2 billion for Micron and $6.6 billion for TSMC to produce semiconductors in the U.S. In June, Lutnick said the department was re-negotiating some of former President Joe Biden's grants to semiconductor firms, calling them "overly generous". He noted at the time that Micron offered to increase its spending on chip plants in the U.S.
