You're seeing Jeff there. Take a sip of his water as he has now crossed the record for the longest House floor speech in history. Let's listen as he begins. We think to wrap this up as we prepare to take your time to vote on this one big ugly bill. That's right. Tough time for people in the United States of America. It's extraordinary. extraordinary extremism unleashed on the American people. Mr.. Speaker, my colleagues on the other side of the aisle promised to address the high cost of living. Nothing in t ...

New York City had this mayor's race, right. Uh the winner here is an AOC style Democratic socialist. Uh you've had your you in the primary. You've had your battles with various folks.You talk about what's wability and and what's a good campaign message. A lot of folks outside of New York are watching the race. There's a lot of different views of it.Inside New York, a big part of the message was populism, affordability, uh make this city livable for everybody. again uh a lot of people found that to be an upl ...

In New York City, young college grads struggling to keep up with steep rents and high costs drove one of the city’s biggest political upsets in decades https://t.co/Rn8e3a3Qpi ...

Housing Affordability Crisis - The rising cost of living, particularly housing, is a crucial problem across America [2] - The median home price in America is $426,600, six times the average annual income [2] - In New York City in 2024, the median home price was $785,000 [2] - Renters across the US are paying over $1,600 per month, while in New York, a two-bedroom apartment averages $5,560, a 175% jump in the last year [2] - New York City has a record low vacancy rate of 14%, indicating a housing emergency [2] - For the bottom 60% of US households, a minimum quality of life is out of reach [3][13] Proposed Solutions and Political Implications - Zoron Mandani won the Democratic primary for New York City mayor by focusing on affordability, promising rent freezes, tripled affordable housing, free buses, and free childcare [1][2] - The government needs to play a role in ensuring affordable housing [11] - Building affordable housing is essential, contrasting with luxury units that remain dormant [8] - Addressing housing affordability can improve life expectancy [15][17]

Market Dynamics - Rice prices in Japan have doubled due to a shortage that began in 2023 [1] - A five-kilogram bag of rice increased from approximately ¥2,000 (about $14) to over ¥4,000 in one year [2] - Supermarkets are limiting rice purchases due to sparsely stocked shelves [2] Government & Policy - The Japanese government has started releasing rice from its emergency supplies to manage the shortage [3] - Public skepticism remains regarding the effectiveness of the government's measures [3] - The upcoming election in July may be influenced by public opinion on Prime Minister Shigeru Ishiba's handling of the rice crisis [4] Consumer Impact - Convenience stores have increased prices of rice bowls and bento boxes to offset rising costs [3] - The rising cost of rice is exacerbating the country's cost of living problem and causing public resentment [2] - The rice shortage could significantly impact the current government's standing [4]