Bidenâs Bet on a Climate Transition Carries Big Risks
The presidentâs plans to cut emissions in half by 2030 relies heavily on a government effort to steer the development of new industries, but business leaders are fretting over the rapid timeline.
President Biden arrived in the East Room of the White House for the virtual climate summit on Thursday.Credit.Al Drago for The New York Times
April 24, 2021Updated 10:31 a.m. ET
WASHINGTON â President Bidenâs pledge to cut Americaâs climate warming emissions in half by 2030 is technologically feasible and, scientists say, ecologically imperative. Economically, it could be a gamble.
Housing Market in Frenzy Like No Other Since 2008 Crisis: Live Updates
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Source: Factset
Homes typically sold in 18 days in March, according to the National Association of Realtors.Credit.Ted Shaffrey/Associated Press
The median sale price of an existing home in the United States was $329,100 in March, up 17.2 percent from a year earlier, when a 3 to 5 percent annual increase is considered healthy, according to a report from the National Association of Realtors, a trade group.
Nationwide, housing inventory was at 1.07 million units at the end of March, just above its record low of 1.03 million the prior month and down 28.2 percent from a year earlier, the group said on Thursday.