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By Alex Veiga The head of the federal agency that oversees Fannie May and Freddie Mac hopes the mortgage giant will consider accepting home buyers’ cryptocurrency holdings on the basis of buying mortgages from banks. William Prute, director of the federal housing finance agency that oversees Fannie and Freddie, ordered the agency on Wednesday to prepare a proposal to consider crypto as a reserve asset when assessing the risk of single-family mortgages. Pulte also directed the agency that mortgage risk assessments should not require cryptocurrency assets to be converted to US dollars. Also, only crypto assets that can be “certified…
Dee-Ann Durbin Nestlé said Wednesday that it would remove artificial colors from US food and drinks by mid-2026. It is the latest major food company making that pledge. Last week, Kraft Heinz and General Mills said they would remove artificial dyes from US products by 2027. General Mills said it plans to remove artificial dyes from all foods offered at US grains and K-12 schools by mid-2026. There is a wide range of support for this movement. According to an AP-NORC poll, about two-thirds of Americans prefer to limit or reformulate processed foods to remove ingredients such as sugar and…
Matt O’Brien and Barbara Ortutay A federal judge on Wednesday dismissed a copyright infringement lawsuit from a group of authors who sided with Facebook’s parent meta platform and accused the company of stealing the work to train its artificial intelligence technology. The ruling from US District Judge Vince Chabli was second in a week from a federal court in San Francisco to dismiss major copyright claims from the author against the rapidly developing AI industry. Chhabri discovers that the 13 authors who sued Meta “had a false argument” and throws the case. However, the judge also said the ruling was…
By Fatima Hussein WASHINGTON (AP) — The budget bill defended by President Donald Trump could complicate next year’s tax return season after the IRS lost a quarter of its employees through staffing, the independent Watchdog reported Wednesday. IRS workers have fallen from 102,113 workers to 75,702 in the past year, from 102,113 workers, according to the latest national taxpayer advocacy report to Congress. Wednesday’s report provided the first official number of IRS unemployment related to Elon Musk’s government efficiency. Most of the employees received an offer to resign from Doge, “fork on the road” rather than waiting for a layoff.…
TALHASSEE, Fla. (WFLA) – Last-minute additions have expanded into the state budget, empowering the governor’s office to conduct Doge-like reviews of local governments across Florida. But critics have raised red flags over the state’s new authority to investigate local governments and their spending plans.Florida cities and counties could soon face a $1,000 per day fine if they are not state-compliant to access data systems, personnel and buildings.”Some of this implementation language helps us understand that these communities may need to change some of what we’re doing,” state Sen. Ed Hooper (R-Clearwater). The measure entered into the budget implementation bill, inspecting…
RIVERVIEW, Fla. (WFLA) – The Hillsboro County Sheriff’s Office is looking for three women involved in the theft at Riverview Shopping Plaza. Deputies said it happened from US 301 from a busy home goods store on May 12th. A Utah man pretending to be a contractor steals $663,000 from the city of Dunedin and uses it in Vegas: docs Surveillance photos released by the sheriff’s office show three women working in a sophisticated scheme. One reaches for the victim’s wallet to steal the wallet, the other blocks her vision, and the third suspect acts as an observation deck. The video…
Jocelyn Gecker, AP Education Writer For her sixth grade honors class, Mathematics teacher Ana Sepúlveda wanted to make geometry fun. She believed that “people who live and breathe soccer” were interested in learning how mathematical concepts apply to sports. She asked ChatGpt for help. Within seconds, the chatbot provided a five-page lesson plan and theme. “Geometry is everywhere in soccer – the field, the ball, and even the stadium design!” We explained the shape and angle of the soccer field. It proposed a starter for classroom conversations: Why are those shapes important to the game? A project was proposed in…
TALHASSEE – The DeSantis administration is looking to build not one but two immigration detention camps in Florida.While the building is already underway for the Everglades facility, Gov. Ron DeSantis said Wednesday that his administration is working on building a second national immigration center at Camp Branding, a Florida State Guard base about an hour southwest of Jacksonville. “These facilities will be forced multipliers for immigration enforcement in cooperation with the federal government,” Brian Griffin, communications director for DeSantis, said in a statement in the Times/Herald.The possibility of having two immigration detention centers is based on Florida’s active immigration enforcement…
Universal Orlando has announced another original Hornty House concept for the 2025 edition of Halloween Horror Night. It’s called a doll: die and play. “You’re about to be doll-sized, burned, fused, hunted with toys sewn together by twisted little girls,” reads the entire maze description posted on social media on Wednesday morning. This is the fifth HHN house identified at the event. This is a fierce off-hours/additional ticket horror festival held on select nights at Universal Studios Florida Theme Park between August 29th and November 2nd. This will keep the fans at the halfway point of the house. Universal says…
Grocery giant Kroger announced during its first quarter revenue call this month that it will close around 60 defective stores over the next 18 months. At the same time, the company plans to open new locations this year and through the next location. “We simplify our business and review areas that are meaningless for future growth. Unfortunately, not all of our stores today deliver the sustainable results we need,” Ronald Sargent, chairman and interim CEO of Kroger, said in a June 20th revenue call. “We are not underestimating these decisions, but this will make the company more efficient and Kroger…