Americans Still Prefer Real Estate

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BUSINESS & ECONOMY

🏡 36% of Americans Favor Real Estate, but Experts Disagree

According to a Gallup poll, 36% of Americans consider real estate the best long-term investment, followed by stocks and mutual funds at 22%, gold at 18%, and savings accounts at 13%. However, financial experts argue that stocks historically offer higher returns. Andrew Briggs, wealth manager at Plaza Advisory Group stated,  "You can't negate the compounding power of stocks over the long term." 

🔝 Fed's Kashkari Demands Major Inflation Progress Before Rate Cuts

Minneapolis Federal Reserve Bank President Neel Kashkari stated the U.S. central bank should wait for significant progress on inflation before cutting interest rates. He emphasized the need for "many more months of positive inflation data" to gain confidence in dialing back rates. Kashkari also mentioned the possibility of hiking rates if inflation doesn't decrease further and stated "It's appropriate to dial back."

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WORLD

🌍 Tragic Landslide Buries 2,000 in Papua New Guinea

Papua New Guinea's remote northern highlands experienced a devastating landslide on Friday, burying more than 2,000 people alive and killing at least 670, with many still trapped. The disaster struck a village and work camp in Enga Province near the Porgera gold mine.  Lusete Laso Mana, a national disaster center official stated, "The landslide buried more than 2,000 people alive and caused major destruction." 

🕊️ Pope Francis Allegedly Uses Homophobic Slur in Private Meeting

Pope Francis allegedly told Italian bishops not to allow gay men to train for the priesthood, using a homophobic slur during a closed-door meeting on May 20. The 87-year-old pontiff was reported to have said there is "frociaggine" (translated as "faggotry") in seminaries. These remarks were made in the context of discussing guidelines on seminary candidates. 

🇺🇸 U.S. Advances Weapons Deal with Taiwan

The U.S. is advancing its plans to deliver weapons to Taiwan, as confirmed by House Foreign Affairs Committee Chair Michael McCaul during a congressional delegation visit to support Taiwan against Chinese threats, amid concerns over delayed shipments due to the Ukraine conflict. McCaul reassured, "We are moving forward on those weapons systems." 

😢 Venezuela Becomes First Andean Nation Without Glaciers

Venezuela has become the first Andean country to lose all its glaciers, with the Humboldt Glacier declared too small to be classified as one. Located in the Sierra Nevada of Mérida, the glaciers have disappeared due to climate change. Alejandra Melfo, an astrophysicist, noted, "Their absence is felt. It is a great sadness." 

SCIENCE & TECH

🚫 YouTube Blocks Videos for Ad Blocker Users

Google's latest move prevents YouTube users with ad blockers from watching videos. When an ad blocker is detected, the video either skips to the end or plays without audio. This is to encourage users to subscribe to YouTube Premium, which offers an ad-free experience. A workaround using a VPN set to Albania can bypass this restriction, but it may reduce data speeds.  

🚀 Elon Musk's xAI Secures $6B Funding 

Elon Musk's artificial intelligence startup, xAI, has successfully raised $6 billion in Series B funding, elevating the company's valuation to $24 billion. The investment round included contributions from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding. These funds will be used to develop new products, build advanced infrastructure, and accelerate research and development. 

SPORTS & ENTERTAINMENT

🏡 Home Alone House Listed for $5.25M

The iconic "Home Alone" house, featured in the 1990 film, is now on the market for $5.25 million. Located in Winnetka, Illinois, this 9,126-square-foot home has five bedrooms, six bathrooms, a gym, movie theater, and indoor sports court. Dawn McKenna of Coldwell Banker stated, "This home has it all. It's iconic, loaded with modern amenities, and in one of the best neighborhoods in the country.”   

🕊️ NBA Legend Bill Walton Dies at 71 After Cancer Battle

NBA Hall of Famer Bill Walton, 71, passed away after a prolonged battle with cancer. Walton, a two-time NCAA and NBA champion, was known for his incredible college career at UCLA and his impactful but injury-laden NBA tenure with the Trail Blazers, Clippers, and Celtics. Beyond his athletic prowess, Walton was a beloved broadcaster and advocate. NBA Commissioner Adam Silver stated, "Bill Walton was truly one of a kind."

OTHER NEWS

🗳️ Election Anxiety Hits 60% of U.S. Adults 

A Yahoo News/YouGov poll reveals 60% of U.S. adults feel anxious with 29% feeling "very" anxious and 31% "somewhat" anxious about the upcoming Trump-Biden election rematch. Anxiety is driven by concerns over potential impacts on rights and liberties, particularly among marginalized groups. Women, older adults, and Democrats report higher anxiety levels, exacerbated by alarmist narratives and disinformation.

🎓 Only 22% of Americans believe college is worth student loans

A Pew Research survey reveals that only 22% of Americans believe college is worth it if loans are necessary. While 29% say college isn't worth the cost, most agree it's beneficial without loans. Degree holders earn higher salaries, have lower unemployment, and have greater wealth, with a median net worth of $120,200 for young graduates. Financial gaps are narrowing for non-degree holders. Pew's Richard Fry stated, "The bleeding has stopped."

THIS DAY THAT YEAR

On May 28th, 1961, Amnesty International was founded in London with a mission to inform public opinion about human rights and to secure the release of political prisoners. This esteemed organization was later awarded the Nobel Peace Prize in 1977 for its significant contributions to the promotion of human rights worldwide.

BRAIN TEASER

I have three eyes and only one leg. Obey me, or you will be sorry. What am I

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what Friday’s teaser was:

First I am dried, then I am wet; The longer I swim, the more taste you get. What am I?

The answer is: Tea

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