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The New York Times
Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts
A perfect storm of plunging property values for aging buildings, weak tenant demand coming out of the pandemic and high interest rates for new loans and refinancing has left the $2.4 trillion office building sector wobbling.
5 Takeaways From Hunter Biden’s Conviction in a Gun Case
Hunter Biden, President Joe Biden’s son, was found guilty on three felony counts related to buying a gun while he was in the throes of drug addiction. On Oct. 12, 2018, he filled out the required federal background check form, marking “no” to a question about his drug use.
Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are entering an uncertain summer. They are not sure how quickly inflation will cool, how much the economy is likely to slow or just how long interest rates need to stay high in order to make sure that quick price increases are fully vanquished.
She’s Fighting to Save America’s ‘Last Best Place’ From Suicide
HELENA, Mont. — On a typical day, Ali Mullen races from her job at the county health department in Helena, Montana, to pick up dinner for her three children, heads home to feed them and then goes back out for a violin lesson or a school play, crisscrossing the small city in her aging SUV, with a rainbow bumper sticker that reads “You Are Loved.”
He Said He Was Ashamed of Storming the Capitol. Now He’s Running for Office.
ROCK HILL, S.C. — More than two years after Elias Irizarry breached the U.S. Capitol with other Trump supporters, he wrote a letter to Judge Tanya Chutkan as he waited for her to determine his sentence.
In Arizona, Life Sentences for Juveniles Test Supreme Court Precedents
WASHINGTON — The U.S. Supreme Court has twice rebuked the Arizona Supreme Court for defying its precedents in capital cases. A third ruling from the state court last year seemed to run headlong into another Supreme Court precedent. It said juvenile offenders could be sentenced to die in prison under a state law that did not allow for the possibility of parole.
What Retail Apocalypse? Shopping Centers Are Making a Comeback.
Shopping center landlords have found themselves in a wholly unfamiliar position: For the first time in 20 years, demand for retail space outstrips supply. That demand has soared recently and, after years of muted construction and a purge of weak-performing properties, met a retail market with less available space. Properties that survived the purge signed up tenants that would draw more shoppers and give them more reason to linger. That meant more restaurants and venues that promote recreational experiences such as ax throwing and, more recently, pickleball. It also meant less space for traditional retailers that weren’t performing as well, including bookstores and apparel brands.
A Neighborhood Battles Illegal Weed Shops: ‘We’ve Been Begging for Help’
NEW YORK — Just before 11 p.m. on a recent Saturday, a young woman was buzzed into Flame Zone Convenience, an unlicensed weed store on Manhattan’s Lower East Side displaying bags of potent gummies and multiple strains of marijuana, including one called Gunpowder.
Trump Vows to Lower Prices. Some of His Policies May Raise Them.
Former President Donald Trump routinely blames President Joe Biden for higher prices at the grocery store and everywhere else Americans shop, and promises to “fix it.”. But Trump has offered little explanation about how his plans would lower prices. And several of his policies — whatever their merits on other grounds — would instead put new upward pressure on prices, according to interviews with half a dozen economists.
With Belmont in Saratoga, Horse Racing’s History and Hope Are Linked
SARATOGA SPRINGS, N.Y. — In 1863, John (Old Smoke) Morrissey, seeing promise in an upstate town with natural springs and access to the wealthy and foolhardy from New York to Boston, held the first race meeting in Saratoga Springs. Morrissey’s résumé foretold his vision: Old Smoke was a boxing champion, gangster, casino owner, gambler and future U.S. congressman.
Clarence Thomas, in Financial Disclosure, Acknowledges 2019 Trips Paid by Harlan Crow
Justice Clarence Thomas acknowledged Friday additional luxury travel he had accepted from a conservative billionaire, amending a previous financial disclosure to reflect trips he had taken to an Indonesian island and a secretive all-male club in the Northern California redwoods.
U.S. Hiring Rises Strongly, With 272,000 Jobs Added in May
The U.S. labor market delivered robust job growth in May, the Labor Department reported Friday, adding 272,000 jobs, even as the unemployment rate ticked up to 4%. The unexpectedly strong hiring shows that employers remain undaunted, despite pressure from high interest rates and slowing consumer spending.
How to Pick the Winner of the Belmont (or Any Other Horse Race)
The Belmont Stakes will be run at Saratoga Race Course in Saratoga Springs, New York, on Saturday while Belmont Park on Long Island gets rebuilt, and it will be one of the few times of the year that casual sports fans pay attention to horse racing.
U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
WASHINGTON — Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
Biden Links Fight for Ukraine With Allied Effort on D-Day
NORMANDY, France — President Joe Biden observed the 80th anniversary of D-Day on the beaches of Normandy on Thursday by asserting that the allied effort to stand up to Russia’s invasion of Ukraine is a direct extension of the battle for freedom that raged across Europe during World War II.
Hunter Biden’s Former Partners Describe the Toll of His Drug Abuse
As the government deepens its argument against Hunter Biden, prosecutors have started calling his former partners to the stand Wednesday, inviting them to air unflattering details of his life and the depths of his addiction to crack cocaine.
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