Author Archive: Glenn Reynolds

EVERYTHING IS GOING SWIMMINGLY: Home Sales on Track for Worst Year Since 1995.

Sales of existing homes in the U.S. are on track for the worst year since 1995—for the second year in a row.

Persistently high home prices and elevated mortgage rates are keeping potential home buyers on the sidelines. Sales of previously owned homes in the first nine months of the year were lower than the same period last year, the National Association of Realtors said Wednesday.

Existing-home sales in September fell 1% from the prior month to a seasonally adjusted annual rate of 3.84 million, NAR said, the lowest monthly rate since October 2010. Economists surveyed by The Wall Street Journal had estimated a monthly decrease of 0.5%.

September sales fell 3.5% from a year earlier.

After a sluggish 2023, economists and real-estate executives widely expected activity to pick up in 2024.

More unexpected bad news.

THEY’RE HATING THE MCDONALD’S THING: Ron Hart: Democrats Seek to Establish No-Fry Zone.

Trump highlighted Kamala’s unsubstantiated claim that she worked at McDonald’s by going to work at the fry station at one in Pennsylvania. In his patented way of breaking through and around the mainstream media hatred of him with an act of swashbuckling showmanship, Trump scored a political win with this stunt. . . .

Trump likes McDonald’s and identifies with the working class. It seems odd for an entitled New York billionaire, but he does. The Internet is suggesting that Kamala must do something to try to match Trump’s successful McDonald’s campaign event. It burnished Trump’s brand; to match him, you wonder if Kamala will do Five Guys.

The left dismisses the very clear lie that she worked at McDonald’s. It is such a simple question, one easy to verify, and it is journalistic malpractice that the media have not pressed her on it. . . .

Trump seemed to fit right in working at that McDonald’s in Pennsylvania. He would have been Employee of the Month, until human resources wrote him up for talking about Arnold Palmer in the shower.

When he left McDonald’s, he promised, if elected, to fix the ice cream machine and make Taco Bell pay for it.

You can tell he scored by the sour reactions, from Democrats and from the media — but I repeat myself.

IT’S NOT PRETTY, AND THE CONSEQUENCES WON’T BE:

OPEN THREAD: Hump Day.

WELL, THIS IS THE 21ST CENTURY, YOU KNOW: Scientists Revived a Pig’s Brain Nearly a Whole Hour After It Died. “This achievement represents a huge step forward in working out how to restore brain function after a patient has suffered a sudden cardiac arrest. It suggests that doctors may be able to widen the brief window for successful resuscitation of patients following cardiac arrest.”

DON’T GET COCKY:

GOING AFTER CRUCIAL INFRASTRUCTURE: Ukraine, in an Unlikely Attack on an Iconic Cultural Mainstay, Is Sending Drones Into Russia To Blow Up Its Vodka Distilleries. “In a blow to Russia, Ukraine used the cover of night yesterday to blast four large vodka distilleries. Video clips posted online purported to show alcohol tanks burning fiercely in Tula and Tambov, two Russian regions about 300 miles from eastern Ukraine. In the largest attack to date on Russia’s alcohol industry, drones flew from Ukraine and set off the pre-dawn blazes. In President Putin’s wartime economy, alcohol distilleries produce vodka for drinking and ethanol for the military machine.”