ratcheting down gas deliveries to several European countries.

Across the continent, countries are preparing blueprints for emergency rationing that involve caps on sales, reduced speed limits and lowered thermostats.

As is usually the case with crises, the poorest and most vulnerable will feel the harshest effects. The International Energy Agency warned last month that higher energy prices have meant an additional 90 million people in Asia and Africa do not have access to electricity.

Expensive energy radiates pain, contributing to high food prices, lowering standards of living and exposing millions to hunger. Steeper transportation costs increase the price of every item that is trucked, shipped or flown — whether it’s a shoe, cellphone, soccer ball or prescription drug.

“The simultaneous rise in energy and food prices is a double punch in the gut for the poor in practically every country,” said Eswar Prasad, an economist at Cornell University, “and could have devastating consequences in some corners of the world if it persists for an extended period.”

Group of 7 this past week discussed a price cap on exported Russian oil, a move that is intended to ease the burden of painful inflation on consumers and reduce the export revenue that President Vladimir V. Putin is using to wage war.

Price increases are everywhere. In Laos, gas is now more than $7 per gallon, according to GlobalPetrolPrices.com; in New Zealand, it’s more than $8; in Denmark, it’s more than $9; and in Hong Kong, it’s more than $10 for every gallon.

Leaders of three French energy companies have called for an “immediate, collective and massive” effort to reduce the country’s energy consumption, saying that the combination of shortages and spiking prices could threaten “social cohesion” next winter.

increased coal production to avoid power outages during a blistering heat wave in the northern and central parts of the country and a subsequent rise in demand for air conditioning.

Germany, coal plants that were slated for retirement are being refired to divert gas into storage supplies for the winter.

There is little relief in sight. “We will still see high and volatile energy prices in the years to come,” said Fatih Birol, the executive director of the International Energy Agency.

At this point, the only scenario in which fuel prices go down, Mr. Birol said, is a worldwide recession.

Reporting was contributed by José María León Cabrera from Ecuador, Lynsey Chutel from South Africa, Ben Ezeamalu from Nigeria, Jason Gutierrez from the Philippines, Oscar Lopez from Mexico and Ruth Maclean from Senegal.

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KB Home Announces the Grand Opening of Alder Brook, a New-Home Community in Highly Desirable Enumclaw, Washington

ENUMCLAW, Wash.–(BUSINESS WIRE)–KB Home (NYSE: KBH) today announced the grand opening of Alder Brook, a new single-family home community in the quaint and highly desirable city of Enumclaw, Washington. Alder Brook is located on 244th Avenue SW between Highways 164 and 410, providing easy access to the Seattle area’s major employment centers. The new homes offer breathtaking views of the Cascade Mountains and are just over a mile from popular shopping, dining and entertainment in downtown Enumclaw. The community is also close to several public parks and a short drive to Mount Rainier and Crystal Mountain Resort, which offer year-round outdoor recreation opportunities.

Alder Brook showcases a wide selection of one- and two-story homes that are situated on large homesites. The new homes blend attractive design features like beautiful kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets and generous loft and den spaces. The community’s floor plans feature up to six bedrooms and three-and-a-half baths, and range in size from approximately 1,600 to 2,900 square feet.

“Our new homes at Alder Brook are situated within the highly desirable city of Enumclaw and offer breathtaking views of the Cascade Mountains. The new community is convenient to Highways 164 and 410 and close to popular shopping, dining and entertainment as well as area parks and abundant outdoor recreation,” said Ryan Kemp, President of KB Home’s Seattle division. “As with other KB Home communities, Alder Brook provides home shoppers with the opportunity to purchase a new KB home that can be personalized to reflect their lifestyle and needs.”

KB Home stands out from other homebuilders as the company gives homebuyers exceptional choice and control. KB Home starts by offering a wide variety of homes at an affordable price. From there, the builder gives buyers the ability to personalize their homes from floor plans to exterior elevations, from design options to where they live in the community. The KB Home team works hand in hand with homeowners every step of the way, so they have a real partner in the process.

Every KB home is designed to be ENERGY STAR® certified thanks to the quality construction techniques and materials utilized that ultimately deliver significant savings on utility bills compared to used homes. Additionally, all new KB homes are designed to deliver an enhanced indoor environment and include high performance ventilation systems, low- or zero-VOC products and other features guided by the Environmental Protection Agency’s (EPA) Indoor airPLUS standards.

The Alder Brook sales offices and model home are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the low $600,000s.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States and has built over 655,000 quality homes in our more than 65-year history. Today, KB Home operates in 47 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers — from those buying their first home to experienced buyers — allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR® certified, a standard of energy performance achieved by fewer than 10% of new homes in America and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable and better for the environment than new homes without certification. We build strong, personal relationships with our customers, so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Learn more about how we build homes built on relationships by visiting kbhome.com.

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Stake – Cash Back and Banking Services for Renters –  Raises $12 Million in Series A Funding

NEW YORK–(BUSINESS WIRE)–Stake, which provides Cash Back and banking services to renters, announced today the completion of its $12 million Series A financing round. With Stake, renters earn Cash Back when they take positive actions, like signing a lease and paying rent. Owners save money with every renter action.

The round was led by RET Ventures, which selected Stake as one of the first investments for the new RET Ventures ESG Fund (the “Housing Impact Fund”). Participation also included: Enterprise Community Partners, which, since 1982, has helped create or preserve 873,000 homes; Hometeam Ventures; Operator Stack; and Second Century Ventures, the investment arm of the National Association of Realtors. Existing investors Shadow Ventures and Olive Tree Ventures also participated in the round.

Today more than 44 million American households pay rent every month, and from 1985 to 2020, median rent prices increased by nearly 150% despite income growing just 35%. Leveraging behavioral science, Stake was founded in 2018 to empower renters by providing them with Cash Back on their rent as well as no-fee banking services to build savings. Stake also mitigates pain points for building owners, increasing lease-ups, reducing economic vacancy, improving maintenance, and increasing ancillary revenue.

Using Stake, property managers receive a 130% return on every dollar spent. Renters earn an average of 4% Cash Back on their rent each month. Across the $385 million in annual leases connected to the platform, 65% of renters have more money in their Stake account than any other banking account. In the past year, the number of residences that offer Cash Back with Stake has grown by 10x.

“Renters don’t need more debt or loans,” noted Rowland Hobbs, Co-Founder and CEO of Stake. “What renters need is money to help with everyday essentials and to establish long-term savings. With Stake, we have reimagined the classic ‘rainy day fund’ for renters to build the sort of wealth traditionally associated with home ownership. Now, their largest expense is also their largest source of savings.”

The new funding round will enable Stake to continue building out its financial infrastructure and suite of solutions that address difficult issues for renters and property owners alike.

“Stake’s approach to housing affordability is perfectly aligned with the mission of our ESG-centric fund,” said John Helm, partner at RET Ventures, who will join Stake’s board. “While a slew of platforms offer renters innovative payment options, they are all credit or debt-based. They ultimately encourage dangerous behaviors as part of their proposed solution. Stake flips the script on this model by offering a risk-free, renter-centric, efficient, and easy-to-use pathway toward building wealth.”

“Unlike homeowners, renters rarely reap financial benefits from paying for their homes – and families who rent tell us they could use a little extra cash each month. This is why Stake’s goal of empowering more economically resilient renters through cash back and no-fee banking services resonated with us,” said Enterprise Community Partners President and CEO Priscilla Almodovar. “It’s not just a good deal for renters. It makes sense for landlords, too, who are more likely to retain residents, which in turn strengthens communities.”

About Stake

Stake is building the financial infrastructure for the next generation of rentals. Stake aligns incentives between renters, operators, owners, and investors, so everyone earns the Return on Rent™ they deserve. Stake’s revenue management tools outperform, returning 130% on every dollar spent. These savings return millions of dollars to renters each year in the Stake app. Thousands of renters use Stake to earn Cash Back, grow their savings, and access free and equitable banking services. Headquartered in New York City and Seattle, Stake is on a mission to empower wealthier, happier, and more resilient renters. For more information, please visit https://www.stake.rent/

About RET Ventures

A leading real estate technology investment firm, RET Ventures is the first industry-backed, early-stage venture fund strategically focused on building cutting-edge “rent tech” — technology for multifamily and single-family rental real estate. RET invests out of core venture funds and a Housing Impact Fund, backing companies that address a range of pain points for real estate operators. Through its deep expertise and connections, RET provides solutions to issues ranging from housing affordability and sustainability to risk management and operational efficiency. The firm’s Strategic Investors include some of the largest REITs and private real estate owner-operators and managers, who control approximately 2.4 million rental units worth $600 billion. For more information, please visit www.ret.vc

About Enterprise Community Partners

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states, the District of Columbia and Puerto Rico – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org.

*Stake is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank N.A; Member FDIC. The Stake Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

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Egypt’s Iconic Nile Houseboats Face Demolition

CAIRO — Rowing up to the cheerful turquoise houseboat on the Nile, a fisherman saluted the white-haired woman swaying on its deck.

“How are you holding up?” he called to the woman, Ekhlas Helmy, 88, as his wife dragged back the oars. “May God bring down the bully!”

This week may be their last sharing that particular stretch of the Nile, a narrow tract in central Cairo that, since the 1800s, has been lined with wooden houseboats — homes that double as living lore. This month, the government suddenly ordered Ms. Helmy’s houseboat and 31 others demolished, saying they were unsafe and unlicensed.

famous films were set on others. On the riverbank, life was peaceful, airy and private, nothing like the dusty, frenzied metropolis whose imagination the floating homes had captured for so long.

modernize — and monetize — much of Cairo by handing it over to private developers or the military, bulldozing several historic neighborhoods to build new high-rises, roads and bridges.

singers Jalila, Zubayda and Zanuba.

Mounira al-Mahdia, a celebrated 1920s diva. The houseboat of another singer, Badia Masabni, was said to be so popular among Cairo’s elite that a rumor spread at the time that governments were formed aboard.

Back then, there were at least 200 houseboats up and down the Nile. But under President Gamal Abdel Nasser, many of the structures were moved to clear the river for water sports, said Wael Wakil, 58, who was born and raised in the houseboat he still lives on.

That left about 40 boats moored where they sit now, next to Kit Kat, a neighborhood named after a local World War II-era nightclub popular among Allied soldiers.

installed a pair of German spies on one houseboat in the area — with the help, in some tellings, of a belly dancer.

largely open to the public, became crowded with private clubs and cafes.

The authorities have made clear that they want more of those: The houseboat owners say they have been told that they can pay more than $6,500 to temporarily dock elsewhere while they apply for commercial licenses to open cafes or restaurants in their former homes. But that, they argue, is hardly a fair or attractive option.

“They’re destroying the past, they’re destroying the present, and they’re destroying the future, too,” said Neama Mohsen, 50, a theater instructor who has lived on one of the houseboats for three decades. “I see this as a crime, and no one can stop it. They’re taking away our lives as if we’re criminals or terrorists.”

Today, some of the houseboats are owned by politicians and businessmen, others by bohemians, still others by middle-class Egyptians who know no other life.

Mr. Wakil said his family moved to their houseboat in 1961. He remembers growing up fishing off its deck. Whenever he dropped a toy in the Nile, he said, a passing boatman would rescue it.

Now Mr. Wakil, a retired finance manager, has packed up, and is getting ready to move to an apartment his wife owns in the desert.

“But nothing will come close to compensating for this,” he said.

From Ms. Soueif’s favorite place in the house, the dressing room where she gives her grandchildren baths, she can see a mango tree in her riverbank garden that has not fruited for four years. Suddenly, this year, it produced what promises to be a bumper crop.

But this type of mango cannot be picked before mid-July. By then, if nothing changes, she and her houseboat will be gone.

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Construction Has Started at Vaughan’s Sold Out Vincent Condominiums

VAUGHAN, Ontario–(BUSINESS WIRE)–Ground has been broken for Vincent Condominums, a 766-unit, two-tower condominium, following an impressive 8-month selling program.

Vincent is among the largest condominium projects currently underway in the GTA. This makes the extremely fast market absorption a notable accomplishment, and a vote of confidence in the building, the developers and its location in the new VMC.

The celebration was officiated by Vaughan’s Mayor Maurizio Bevilacqua, Councillor Sandra Yeung-Racco and representatives of the builder/developer.

Hon. Maurizio Bevilacqua, P.C., Mayor, City of Vaughan said, “I am pleased to welcome Vincent Condominiums to the Vaughan Metropolitan Centre (VMC), the city’s dynamic downtown core. The VMC continues to rise to new and unprecedented heights, growing well beyond projected growth rates at 267 per cent. The heart of Vaughan’s downtown is home to several transformational projects, including the VMC Subway, high-rise towers, and commercial office buildings, which have created thousands of jobs, public art projects and community event spaces. As a result, Vaughan is outpacing national, provincial and regional growth rates with real GDP growth at 7 per cent. Since 2010, the city has issued more than $15 billion in building permits and 70,000 additional jobs have been created. I want to congratulate the development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers Investments and express my sincerest gratitude for their meaningful city-building contributions. By making investments, creating jobs and giving back to the community, you are making a positive difference and demonstrating the spirit of generosity that radiates in Vaughan.”

Created by an impressive development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers investments, each of these companies is owned by members of the extended Guglietti family, a group with a long history of building and development in Vaughan, and across the GTA. With Vincent, the project’s name, and the vision behind it, was more than business. Vincent is an expression of their family history.

Spokesman Silvio Guglietti said, “For the Guglietti family, the Official Groundbreaking of Vincent has a very personal importance to us. The Guglietti family came to Canada from a little town in Italy called Sora, just outside Rome in Lazio. It’s actually the twin-city of Vaughan. In our town, the small church that our family belonged to was San Vincenzo Ferreri, or Saint Vincent Ferrer. And our grandfather, the man we are all descended from was named Vincent, or Vincenzo, after this saint.”

To create this new landmark condominium community, the Guglietti family were committed to choosing a world-class team of consultants to complement their own extensive internal resources.

“Kirkor Architects brought us a striking, extraordinary architectural design,” says Guglietti. “Figur3 has taken the designs to a whole new level with their stylish and elegant interiors. And In2ition Realty, our sales brokerage and McOuat Partnership, our marketing firm, have delivered us a sold-out condominium project.”

Located near Jane St. and Hwy 7, the Vaughan Metropolitan Centre is a new financial, innovation and cultural centre. Major corporations, retailers, small businesses and other industries are located in the VMC, as it is a major transit hub with direct subway connections to York University and downtown Toronto as well as VIVANEXT and local bus routes across Vaughan and Richmond Hill.

For more information on The Vincent, visit TheVincent.ca

About Rosehaven Homes

Since 1992, Rosehaven Homes has created many exciting communities, built over 9,000 exceptional homes and condos and received numerous prestigious accolades and awards. From detached homes, semis and townhomes to mid-rise and high-rise condos, we have designed and built homes of all types for all kinds of people, in all walks of life. Our architecture ranges in style from the traditional to the contemporary, yet every Rosehaven home stands out distinctively in every community.

Our most recent successes in condos such as the Randall Residences, Mount Pleasant Urban Towndominiums, Affinity, Odyssey and KiWi clearly signify our strengths in contemporary urban design, our keen eye for cosmopolitan culture and our ability to deliver exceptional residences tailored to today’s vibrant, modern, sophisticated tastes and aspirations.

About Townwood Homes

Established in 1974 with over 45 years of experience in the home-building industry, building more than 15,000 homes throughout southern Ontario, Townwood communities have stood the test of time. Our homes are built with integrity and longevity, featuring distinct architectural styles, spacious open concepts and formal designs while consistently maintaining the combination of luxury and ease throughout. Every Townwood community be it low rise or condo sets the standard for quality and innovation throughout neighbourhoods in the GTA.

About Guglietti Brothers Investments

Guglietti Brothers Investments Limited is a real estate investment company which was established in 1972. Principals Giovanni, Carmine, Tony and their families have maintained primary investments in industrial/commercial, land development, low-rise new home and now high-rise condominium development. The company has the highest community and professional reputation, always practising important values of professionalism, good work ethics and integrity. The company has and continues to support numerous hospitals, charities, public retirement centres and churches since its inception.

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How China Is Policing the Future

The more than 1.4 billion people living in China are constantly watched. They are recorded by police cameras that are everywhere, on street corners and subway ceilings, in hotel lobbies and apartment buildings. Their phones are tracked, their purchases are monitored, and their online chats are censored.

Now, even their future is under surveillance.

The latest generation of technology digs through the vast amounts of data collected on their daily activities to find patterns and aberrations, promising to predict crimes or protests before they happen. They target potential troublemakers in the eyes of the Chinese government — not only those with a criminal past but also vulnerable groups, including ethnic minorities, migrant workers and those with a history of mental illness.

They can warn the police if a victim of a fraud tries to travel to Beijing to petition the government for payment or a drug user makes too many calls to the same number. They can signal officers each time a person with a history of mental illness gets near a school.

automating systemic discrimination and political repression.

to quell ethnic unrest in the western region of Xinjiang and enforce some of the world’s most severe coronavirus lockdowns. The space for dissent, always limited, is rapidly disappearing.

“Big data should be used as an engine to power the innovative development of public security work and a new growth point for nurturing combat capabilities,” Mr. Xi said in 2019 at a national public security work meeting.

ChinaFile, an online magazine published by the Asia Society, which has systematically gathered years of records on government websites. Another set, describing software bought by the authorities in the port city of Tianjin to stop petitioners from going to neighboring Beijing, was provided by IPVM, a surveillance industry publication.

China’s Ministry of Public Security did not respond to requests for comment faxed to its headquarters in Beijing and six local departments across the country.

The new approach to surveillance is partly based on data-driven policing software from the United States and Europe, technology that rights groups say has encoded racism into decisions like which neighborhoods are most heavily policed and which prisoners get parole. China takes it to the extreme, tapping nationwide reservoirs of data that allow the police to operate with opacity and impunity.

Megvii, an artificial intelligence start-up, told Chinese state media that the surveillance system could give the police a search engine for crime, analyzing huge amounts of video footage to intuit patterns and warn the authorities about suspicious behavior. He explained that if cameras detected a person spending too much time at a train station, the system could flag a possible pickpocket.

Hikvision, that aims to predict protests. The system collects data on legions of Chinese petitioners, a general term in China that describes people who try to file complaints about local officials with higher authorities.

It then scores petitioners on the likelihood that they will travel to Beijing. In the future, the data will be used to train machine-learning models, according to a procurement document.

Local officials want to prevent such trips to avoid political embarrassment or exposure of wrongdoing. And the central government doesn’t want groups of disgruntled citizens gathering in the capital.

A Hikvision representative declined to comment on the system.

Under Mr. Xi, official efforts to control petitioners have grown increasingly invasive. Zekun Wang, a 32-year-old member of a group that for years sought redress over a real estate fraud, said the authorities in 2017 had intercepted fellow petitioners in Shanghai before they could even buy tickets to Beijing. He suspected that the authorities were watching their communications on the social media app WeChat.

The Hikvision system in Tianjin, which is run in cooperation with the police in nearby Beijing and Hebei Province, is more sophisticated.

The platform analyzes individuals’ likelihood to petition based on their social and family relationships, past trips and personal situations, according to the procurement document. It helps the police create a profile of each, with fields for officers to describe the temperament of the protester, including “paranoid,” “meticulous” and “short tempered.”

Many people who petition do so over government mishandling of a tragic accident or neglect in the case — all of which goes into the algorithm. “Increase a person’s early-warning risk level if they have low social status or went through a major tragedy,” reads the procurement document.

When the police in Zhouning, a rural county in Fujian Province, bought a new set of 439 cameras in 2018, they listed coordinates where each would go. Some hung above intersections and others near schools, according to a procurement document.

Nine were installed outside the homes of people with something in common: mental illness.

While some software tries to use data to uncover new threats, a more common type is based on the preconceived notions of the police. In over a hundred procurement documents reviewed by The Times, the surveillance targeted blacklists of “key persons.”

These people, according to some of the procurement documents, included those with mental illness, convicted criminals, fugitives, drug users, petitioners, suspected terrorists, political agitators and threats to social stability. Other systems targeted migrant workers, idle youths (teenagers without school or a job), ethnic minorities, foreigners and those infected with H.I.V.

The authorities decide who goes on the lists, and there is often no process to notify people when they do. Once individuals are in a database, they are rarely removed, said experts, who worried that the new technologies reinforce disparities within China, imposing surveillance on the least fortunate parts of its population.

In many cases the software goes further than simply targeting a population, allowing the authorities to set up digital tripwires that indicate a possible threat. In one Megvii presentation detailing a rival product by Yitu, the system’s interface allowed the police to devise their own early warnings.

With a simple fill-in-the-blank menu, the police can base alarms on specific parameters, including where a blacklisted person appears, when the person moves around, whether he or she meets with other blacklisted people and the frequency of certain activities. The police could set the system to send a warning each time two people with a history of drug use check into the same hotel or when four people with a history of protest enter the same park.

Yitu did not respond to emailed requests for comment.

In 2020 in the city of Nanning, the police bought software that could look for “more than three key people checking into the same or nearby hotels” and “a drug user calling a new out-of-town number frequently,” according to a bidding document. In Yangshuo, a tourist town famous for its otherworldly karst mountains, the authorities bought a system to alert them if a foreigner without a work permit spent too much time hanging around foreign-language schools or bars, an apparent effort to catch people overstaying their visas or working illegally.

In Shanghai, one party-run publication described how the authorities used software to identify those who exceeded normal water and electricity use. The system would send a “digital whistle” to the police when it found suspicious consumption patterns.

The tactic was likely designed to detect migrant workers, who often live together in close quarters to save money. In some places, the police consider them an elusive, and often impoverished, group who can bring crime into communities.

The automated alerts don’t result in the same level of police response. Often, the police give priority to warnings that point to political problems, like protests or other threats to social stability, said Suzanne E. Scoggins, a professor at Clark University who studies China’s policing.

At times, the police have stated outright the need to profile people. “Through the application of big data, we paint a picture of people and give them labels with different attributes,” Li Wei, a researcher at China’s national police university, said in a 2016 speech. “For those who receive one or more types of labels, we infer their identities and behavior, and then carry out targeted pre-emptive security measures.”

Mr. Zhang first started petitioning the government for compensation over the torture of his family during the Cultural Revolution. He has since petitioned over what he says is police targeting of his family.

As China has built out its techno-authoritarian tools, he has had to use spy movie tactics to circumvent surveillance that, he said, has become “high tech and Nazified.”

When he traveled to Beijing in January from his village in Shandong Province, he turned off his phone and paid for transportation in cash to minimize his digital footprint. He bought train tickets to the wrong destination to foil police tracking. He hired private drivers to get around checkpoints where his identification card would set off an alarm.

The system in Tianjin has a special feature for people like him who have “a certain awareness of anti-reconnaissance” and regularly change vehicles to evade detection, according to the police procurement document.

Whether or not he triggered the system, Mr. Zhang has noticed a change. Whenever he turns off his phone, he said, officers show up at his house to check that he hasn’t left on a new trip to Beijing.

Credit…Zhang Yuqiao

Even if police systems cannot accurately predict behavior, the authorities may consider them successful because of the threat, said Noam Yuchtman, an economics professor at the London School of Economics who has studied the impact of surveillance in China.

“In a context where there isn’t real political accountability,” having a surveillance system that frequently sends police officers “can work pretty well” at discouraging unrest, he said.

Once the metrics are set and the warnings are triggered, police officers have little flexibility, centralizing control. They are evaluated for their responsiveness to automated alarms and effectiveness at preventing protests, according to experts and public police reports.

The technology has encoded power imbalances. Some bidding documents refer to a “red list” of people whom the surveillance system must ignore.

One national procurement document said the function was for “people who need privacy protection or V.I.P. protection.” Another, from Guangdong Province, got more specific, stipulating that the red list was for government officials.

Mr. Zhang expressed frustration at the ways technology had cut off those in political power from regular people.

“The authorities do not seriously solve problems but do whatever it takes to silence the people who raise the problems,” he said. “This is a big step backward for society.”

Mr. Zhang said that he still believed in the power of technology to do good, but that in the wrong hands it could be a “scourge and a shackle.”

“In the past if you left your home and took to the countryside, all roads led to Beijing,” he said. “Now, the entire country is a net.”

Isabelle Qian and Aaron Krolik contributed research and reporting. Production by Agnes Chang and Alexander Cardia.

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KB Home Announces the Grand Opening of Two New-Home Communities at the Company’s Highly Desirable Shadow Mountain Master Plan

MENIFEE, Calif.–(BUSINESS WIRE)–KB Home (NYSE: KBH) today announced the grand opening of two new-home communities at the company’s highly desirable Shadow Mountain master plan in Menifee, California. Oak Shade and Durango feature spacious single-family homes in a prime Riverside County location. The new neighborhoods are situated near the McCall Boulevard exit off Interstate 215, providing easy access to the area’s major employment centers as well as shopping, dining and entertainment at both Menifee Countryside Marketplace and Menifee Town Center. Oak Shade and Durango are also just minutes away from Mt. San Jacinto College and Brandman University. Future community amenities include a children’s playground, soccer field, basketball court, numerous parks and walking, biking and hiking trails.

Oak Shade at Shadow Mountain offers a wide selection of one- and two-story homes that blend attractive design features like beautiful kitchens and large bedroom suites with walk-in closets as well as loft spaces and covered patios. The community’s floor plans feature up to five bedrooms and three-and-a-half baths, and range in size from approximately 1,400 to 2,700 square feet. Pricing begins from the $470,000s.

The ranch-style homes at Durango at Shadow Mountain showcase desirable design characteristics like spacious kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s one-story floor plans feature up to four bedrooms and two-and-a-half baths, and range in size from approximately 2,000 to 2,900 square feet. Pricing begins from the $510,000s.

“Our two new communities, Oak Shade and Durango, feature spacious single-family homes in a prime Riverside County location. The new neighborhoods are compelling additions to our highly desirable Shadow Mountain master plan, which will showcase several family friendly amenities, including a children’s playground, soccer field, basketball court, numerous parks and walking, biking and hiking trails,” said John Fenn, President of KB Home’s Inland Empire division. “As with other KB Home communities, Gilmore Grove provides home shoppers with the opportunity to purchase a new KB home that can be personalized to reflect their lifestyle and needs.”

KB Home stands out from other homebuilders as the company gives homebuyers exceptional choice and control. KB Home starts by offering a wide variety of homes at an affordable price. From there, the builder gives buyers the ability to personalize their homes from floor plans to exterior elevations, from design options to where they live in the community. The KB Home team works hand in hand with homeowners every step of the way, so they have a real partner in the process.

Every KB home is designed to be ENERGY STAR® certified thanks to the quality construction techniques and materials utilized that ultimately deliver significant savings on utility bills compared to used homes. Additionally, all new KB homes are designed to deliver an enhanced indoor environment and include high performance ventilation systems, low- or zero-VOC products and other features guided by the Environmental Protection Agency’s (EPA) Indoor airPLUS standards.

The Oak Shade and Durango at Shadow Mountain sales offices and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the $470,000s and the $510,000s, respectively.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States and has built over 655,000 quality homes in our more than 65-year history. Today, KB Home operates in 47 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers — from those buying their first home to experienced buyers — allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR® certified, a standard of energy performance achieved by fewer than 10% of new homes in America and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable and better for the environment than new homes without certification. We build strong, personal relationships with our customers, so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Learn more about how we build homes built on relationships by visiting kbhome.com.

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EVgo Selected by California Energy Commission for Proposed Awards of $3.6M in Grant Funding to Build More Fast Charging Infrastructure for Multi-Family Housing Residents

LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that the company was selected for proposed awards for two new California Energy Commission (CEC) Reliable, Equitable, and Accessible Charging for multi-family Housing (REACH) grants totaling $3.6M. These funds will be used to deploy new high-powered direct current fast chargers (DCFC) near multi-family housing (MFH) units. In addition, local community residents will be eligible for discounted EVgo rates as part of the project.

“EVgo is thrilled to work with the California Energy Commission to keep making it easier for more drivers to go electric with wider access to convenient, reliable and affordable EV charging solutions,” said Cathy Zoi, CEO at EVgo. “There are more than 6 million Californians1 like me who live in apartment buildings, and fast charging nearby is key for us to drive EVs. By partnering with the state on these grants, we can go even further to pair infrastructure for everyone with incentives for nearby residents of underserved and impacted communities – ensuring equitable access to these resources for all.”

In November 2021, the CEC released a grant solicitation and application package entitled “Reliable, Equitable, and Accessible Charging for multi-family Housing (REACH)” as part of its Clean Transportation Program. The solicitation was an offer to demonstrate replicable and scalable business and technology models for large-scale deployment of electric vehicle (EV) charging infrastructure capable of maximizing access and EV travel for multi-family housing (MFH) residents, from DCFC nearby those residents to level 2 (L2) chargers in and around the residential buildings themselves. The solicitation defined MFH as residential properties with multiple dwelling units, but excluded single-family dwellings (detached), duplexes, triplexes, townhomes, and mobile homes. Projects under the REACH grant must include charger installations that will benefit and be used by MFH residents within disadvantaged communities, low-income communities, or a combination of both.

“Forth is excited to partner with EVgo in providing outreach and education to communities in California to help increase awareness and understanding of the benefits and availability of electric transportation solutions in their neighborhoods,” commented Jeff Allen, Executive Director, Forth. “Equitable and convenient access to charging infrastructure is a key element of expanding widespread adoption of electric transportation and is a central tenet of our work.”

As part of EVgo’s commitment to Electric for All, EVgo integrates the EPA’s EJ Screening Tool – an environmental justice mapping and screening tool based on nationally consistent data — to identify potential site locations that can increase infrastructure access for low-income individuals, people of color and underserved communities, as these communities tend to have the fewest charging options while experiencing greater impacts of pollution. Public charging options, and fast charging in particular, can help mitigate this disconnect while fueling the transition to electric by servicing more densely populated areas. In 2021, EVgo achieved its goal to increase such access to charging each quarter and reached a PM2.5 EJScreen demographic score of 51% for its chargers – meaning a majority are within a ten-minute drive of areas with high particulate matter (PM2.5) levels in the air. Today, the company is developing new benchmarking strategies to improve equity and access to its solutions.

For more information around the locations of fast charger’s within EVgo’s charging network, visit www.evgo.com.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. As of the end of the first quarter 2022, with more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 375,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

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1
Source: National Multifamily Housing Council

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Two Trends Slowing Housing Market Normalization, According to First American Potential Home Sales Model

SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released First American’s proprietary Potential Home Sales Model for the month of May 2022. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.

May 2022 Potential Home Sales

Chief Economist Analysis: Market Potential for Existing-Home Sales down 10.5 percent year over year, but remains 2.5 percent above pre-pandemic level of May 2019

“The market potential for existing-home sales in May fell 2 percent to 5.62 million at a seasonally adjusted annualized rate (SAAR), compared with last month, and is 10.5 percent lower than one year ago,” said Mark Fleming, chief economist at First American. “Yet, the market potential for home sales remains 2.5 percent higher than May 2019, before the pandemic hit.

“Home purchase demand is declining as mortgage rates rise alongside still-strong house price appreciation. While a decline in demand may reduce the pace of sales and lead to an increase in inventory, existing homeowners are less inclined to sell their homes as mortgage rates rise,” said Fleming. “Historically, nearly 90 percent of total inventory is existing-home inventory, and existing homeowners are staying put. Increasing the supply of homes for sale is key to slowing house price growth and restoring balance to the housing market.”

Existing Homeowners, the Immovable Object

“The amount of time a typical homeowner lives in their home increased 2 percent from one year ago, and 0.4 percent compared with last month, which was the largest month-over-month increase since August 2020 and contributed to a loss of 15,500 potential home sales compared with last month,” said Fleming. “Since existing homeowners supply the majority of the homes for sale, and homeowners are staying put longer, the housing market faces an ongoing supply shortage.

“Before the housing market crash in 2007, the average length of time someone lived in their home was approximately five years. During the aftermath of the housing market crisis between 2008 and 2016, the average length of time someone lived in their home grew to approximately eight years,” said Fleming. “The most recent data shows that the average length of time someone lives in their home reached a historic high of 10.6 years in May 2022.”

Two Trends Limiting Housing Supply and Housing Market Normalization

“Two trends are locking homeowners in place, preventing much-needed housing supply from reaching the market and helping tilt the market toward buyers. Many existing homeowners are rate locked-in to historically low, sub-3 percent mortgage rates, and now that rates are rising, there is a financial disincentive to sell their homes and buy a new home at a higher mortgage rate,” said Fleming. “The golden handcuffs of low mortgage rates prevent more supply from reaching the market.

“Seniors choosing to age in place, rather than downsize or move to another home, further limits housing supply. A 2019 study from Freddie Mac shows that if adults born between 1931-1959 behaved like earlier generations, they would have released nearly 1.6 million additional housing units to the market by 2018,” said Fleming. “As seniors continue to choose to age in place, there will be fewer existing homes available for sale. And, with many of these senior homeowners also locked into historically low mortgage rates and sitting on historically high levels of equity, it’s more likely they will renovate the home they currently own than list their home for sale and move.”

What Does it all Mean for the Housing Market?

“A moderation of house price growth will signal that balance is returning to the housing market. Yet, more housing supply is critical to meaningful moderation in house price appreciation. While rising mortgage rates will continue to cool demand, it will also keep existing homeowners locked into their homes,” said Fleming. “You can’t buy what’s not for sale — and existing homeowners have little incentive to relieve the supply pressure, keeping a lid on housing market normalization.”

Next Release

The next Potential Home Sales Model will be released on July 19, 2022 with June 2022 data.

About the Potential Home Sales Model

Potential home sales measures existing-homes sales, which include single-family homes, townhomes, condominiums and co-ops on a seasonally adjusted annualized rate based on the historical relationship between existing-home sales and U.S. population demographic data, homeowner tenure, house-buying power in the U.S. economy, price trends in the U.S. housing market, and conditions in the financial market. When the actual level of existing-home sales are significantly above potential home sales, the pace of turnover is not supported by market fundamentals and there is an increased likelihood of a market correction. Conversely, seasonally adjusted, annualized rates of actual existing-home sales below the level of potential existing-home sales indicate market turnover is underperforming the rate fundamentally supported by the current conditions. Actual seasonally adjusted annualized existing-home sales may exceed or fall short of the potential rate of sales for a variety of reasons, including non-traditional market conditions, policy constraints and market participant behavior. Recent potential home sale estimates are subject to revision to reflect the most up-to-date information available on the economy, housing market and financial conditions. The Potential Home Sales model is published prior to the National Association of Realtors’ Existing-Home Sales report each month.

Disclaimer

Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2022 by First American. Information from this page may be used with proper attribution.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $9.2 billion in 2021, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2022, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the seventh consecutive year. More information about the company can be found at www.firstam.com. 

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