Chief Economist Predicts House Prices Could Fall by 20% Because “Housing, In Short, Is in a Recession”: The Biden economy is imploding. The question is whether it is intentional or due to the Biden/Obama Administration’s ignorance of economics. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, pointed out that home prices have already declined by about five percent from their peak in May and will continue to tumble. According to his previous work, there are now 40 percent more single-family homes available than four months ago – and previously occupied home sales have slowed for the seventh month straight. Prices for homes sank by 0.7 percent in August, but Shepherdson predicts a total decline of up to 20 percent by the middle of 2023. He warned that the plunging trend in sales ‘has further to go’ and that prices are falling as the US enters the fourth quarter of 2022. The recession, in effect, will encompass all aspects of the housing industry in the coming months, he claims. ‘Housing, in short, is in recession, and everything connected to housing either is in recession now or soon will be.’ Nicaragua Government Removes CNN en Español from the Country for Allegedly “Violating and Injuring the Legal Norms”: On Wednesday, after 25 years of broadcasting in Nicaragua, the government abruptly shut down CNN en Español on the country’s various cable networks. The Nicaraguan Institute of Telecommunications and Post Office (TELCOR) argued that the decision to cut off CNN’s cable signal was made because the network’s programming “contravenes, violates, and harms the legal norms” in Nicaragua, Articulo66 reported. It wasn’t just CNN that was banned from the country; other networks were shut down as well. Early in August, the Nicaraguan Institute of Telecommunications suspended another local television station, making eleven total in less than two weeks. Also last month, the Nicaraguan government confiscated the facilities of the newspaper Prensa, one of the most important newspapers in the country. Progress in cancer treatment has saved 3.5 million lives since 1991, experts say: According to new research, the last decade has seen "unprecedented progress" in the treatment of cancer, and more people than ever are surviving the disease, reports CBS News. Annual statistics reported by the American Cancer Society (ACS) found that the U.S. cancer death rate has declined by 32% from 1991 to 2019 – a decrease that the ACS says saved 3.5 million lives. "The U.S. cancer death rate is steadily declining, and more people than ever before are living longer and fuller lives after a cancer diagnosis," states this year’s American Association for Cancer Research (AACR) Cancer Progress Report. "In fact, the number of children and adults living with a history of cancer exceeded a record 18 million in January 2022." Research into cancer-fighting has led to a number of recent innovations. Between August 1, 2021, and July 31, 2022, the Food and Drug Administration approved “eight new anticancer therapeutics, 10 already approved therapeutics for use for new cancer types, and two new diagnostic imaging agents,” according to CBS News. Earlier this week, researchers announced that they have genetically modified a herpes virus to direct an antibody to infect and destroy tumors. Cancer is still the second-biggest cause of death in the U.S., killing an estimated 602,350 people in 2020, according to the Centers for Disease Control and Prevention. However, researchers are optimistic that the rate of people surviving the disease will only continue to accelerate. https://www.theblaze.com/news/progress-in-cancer-treatment-has-saved-3-5-million-lives-since-1991 Postal Service monitored social media for posts regarding conservative, anti-Biden protests: The United States Postal Inspection Service took it upon itself to scour social media and monitor posts regarding protests held by those with allegedly conservative or anti-Biden views, according to a report from the Washington Times. Through a Freedom of Information request, the Cato Institute, a libertarian think tank, acquired some heavily redacted documents related to the activities of the so-called USPS Internet Covert Operations Program, or iCOP, the existence of which was first made public in the spring of 2021. The released documents indicate that between September 2020 and April 2021, those involved with iCOP had been searching through various social media platforms, ostensibly "to provide information surrounding the potential for violence or criminal activity to take place in order to allow law enforcement to take any appropriate action within their jurisdiction." Though nearly all of the text contained within the documents has been obscured, what can be seen suggests that iCOP specifically targeted social media activities related to conservative-leaning protests, especially those arranged to demonstrate opposition to Joe Biden and/or his inauguration. . . . many have argued that the iCOP surveillance is illegal. None of the postings visible in the redacted bulletins indicate that iCOP conducted similar surveillance of left-leaning events or social media activity. It is unclear whether iCOP is still in operation. Why Are Walmart And Other Major U.S. Retailers Canceling BILLIONS Of Dollars In Orders As Summer Comes To An End?: Do they know something that they aren’t telling us? As you will see below, Walmart, Target, and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season. I have never heard of such a thing happening before, and under normal conditions it wouldn’t make any sense at all. The holiday season is typically the busiest time of the year for retailers, and at this time in 2021 there was actually a great deal of concern that there wouldn’t be enough inventory due to global supply chain problems. But now everything has changed. All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent. For example, Walmart is admitting that it has canceled “billions of dollars in orders” as we approach the upcoming holiday season… It is extremely odd that Walmart would decide to do such a thing. Recently I had an opportunity to stroll through a Walmart, and there were plenty of inventory holes. So what would make them suddenly cancel “billions of dollars” in orders that they thought they were going to need for the holiday season? Meanwhile, we just learned that Target has also canceled “more than $1.5 billion” in orders… Target said it had reduced its “inventory exposure in discretionary categories” throughout Q2 by canceling more than $1.5 billion of orders in these categories and marking down products. Target is much smaller than Walmart is, so for Target to cancel so many orders is a really big deal. And it turns out that Kohl’s and Under Armour have also been canceling large numbers of orders as well… These retailers are obviously scared that they will end up stuck with massive amounts of inventory that they cannot sell. Do they believe that economic activity during the months ahead will be much lower than they originally anticipated? One corporate executive that is actually publicly admitting that he believes that a recession is coming is FedEx CEO, Raj Subramaniam… he believes a recession is impending for the global economy.