Momus

Financial stress among US consumers is intensifying: The delinquency rate on subprime loans is up to 10% of total outstanding debt, the highest in 11 years. Subprime loans are those made to borrowers with a credit score below 660, meaning they were already considered higher-risk at the time of borrowing. The delinquency rate has more than TRIPLED since 2021, when pandemic-era forbearance programs temporarily allowed borrowers to delay payments without being marked as delinquent. By comparison, the delinquency rate peaked at ~19% during the 2008 Financial Crisis, when subprime debt was $3.5 trillion and made up ~30% of total household debt. Today, subprime debt stands at $2.7 trillion, or ~15% of the total, still a significant proportion. An increasing number of Americans are falling behind on their debt.

One of the most important US-based commercial satellite imagery providers on whom most media outlets rely says the government has asked all imagery providers to indefinitely withhold satellite images from the Iran war

Toronto Police will have an increased and visible presence across the city this weekend at places of worship and gathering spaces. Our priority is simple: making sure people can gather and celebrate safely.

Unpopular opinion: if Trump can get gas prices down & keep casualties minimal, he can continue this war indefinitely. Americans are used to “background violence.” I would prefer a decisive resolution obviously, but he has plenty of runway.