A housing bubble could be brewing, according to the Federal Reserve Bank of Dallas, as home prices “are again becoming unhinged from fundamentals.”

The housing market has been showing signs of exuberance for more than five straight quarters through the third quarter of 2021, the Dallas Fed found using a measure it created to detect fever-pitch conditions. Exuberance occurs when home price growth exceeds what certain economic factors — in this case, rent, disposable income, and long-term interest rates — would justify.

While this “abnormal” behavior hasn’t been seen since the boom of the early 2000s, it doesn’t necessarily mean a housing bust like the one that preceded the Great Recession is in the offing.

“While the current evidence is concerning, suggesting that the housing market is becoming frothy, as we note in our report, rising mortgage rates … might help cool down housing demand,” Enrique Martínez-García, senior research economist at the Federal Reserve Bank of Dallas, told Yahoo Money, “at the expense of aggravating housing affordability in the short run.”

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The BBC reported German molecular biologist Wolf Reik, postdoctoral student Diljeet Gill, and a team at Babraham Institute built upon Yamanaka's work. Yamanaka grew stem cells by exposing adult cells to four molecules for about 50 days — a unique method he named iPS. Reik and Gill's team exposed skin cells to the same molecules for only 13 days, then let them grow under natural conditions.

By studying collagen production in the cells, the researchers found age-related changes on skin cells were removed and they temporarily lost their identity. After growing under normal conditions for a period of time, researchers found the cells began behaving like skin cells again.

The team then measured age-related biological changes in the reprogrammed cells, and found the cells matched the profile of those 30 years younger to reference data sets, Gill said in a release.

"I remember the day I got the results back and I didn't quite believe that some of the cells were 30 years younger than they were supposed to be," Gill told BBC. "It was a very exciting day."

The research was done in a lab, and Reik told the BBC the team cannot take the technique to a clinic because the technique used to rejuvenate the cells has the potential to increase the risk of cancer, likely due to creating lasting genetic changes within cells.

But the biologist said the method of rejuvenating cells could help speed up healing time in burn victims, and may eventually extend human life.

"Eventually, we may be able to identify genes that rejuvenate without reprogramming, and specifically target those to reduce the effects of aging," Reik said in a press release.

The researchers published their findings in the journal eLife on April 8.

Read the original article on Insider

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Greene sought Friday to prevent the state of Georgia from hearing the challenge in the first place. Judge Totenberg, the sister of National Public Radio legal correspondent Nina Totenberg, is expected to issue a ruling Monday on whether the challenge can move forward.

If Totenberg allows the case to proceed, arguments will be heard next week by administrative law judge Charles Beaudrot Jr.

The groups bringing the challenge against Greene’s candidacy describe it as “a national campaign to ensure that election officials across the country follow the mandate of Section Three of the Fourteenth Amendment and bar elected officials who engaged in the insurrection, including former President Donald Trump, from appearing on any future ballot.”

The legal effort is targeting numerous Republican members of Congress who, like Greene, spread falsehoods about the 2020 election and incited Republican voters against the government in the days leading up to Jan. 6.

Section 3 of the 14th Amendment was adopted in 1868 to reckon with the fallout from the Civil War. The clause states that “no Person shall be a Senator or Representative in Congress ... who, having previously taken an oath, as a member of Congress ... to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.”

The legal complaint against Greene argues that the Jan. 6 riot fits the legal and historical definition of an insurrection as constituting “actions against the United States with the intent to overthrow the government of the United States or obstruct an essential constitutional function.”

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Judge Ketanji Brown Jackson on Monday moved one step closer to becoming the first ever Black woman on the Supreme Court, even though the Senate Judiciary Committee deadlocked on her nomination.

The panel split 11-11 on Jackson's nomination, with all Democrats in support and all Republicans against. The deadlock forced Senate Majority Leader Chuck Schumer to invoke special procedures to advance Jackson's nomination.

The top Democrat filed what's called a "motion to discharge" the committee from Jackson's nomination. That discharge vote only requires a simple majority, and given the Senate's 50-50 split with Democrats in control, they will be able to push Jackson's nomination forward. After that vote on Monday evening, Jackson remains on track for a final confirmation vote before the full Senate, which will likely take place later this week.

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European markets pushed higher on Monday as the European Union readies more sanctions against Russia amid reports of atrocities against civilians in Ukraine.

The FTSE 100 (^FTSE) notched up 0.4% as miners and house-builders lifted London's bluechip index, while France’s CAC (^FCHI) was 0.8% higher and the DAX (^GDAXI) rose 0.6% in Frankfurt.

French president Emmanuel Macron called for additional sanctions on Russia's coal and oil exports after mass graves were uncovered in the streets of Bucha, a town on the outskirts of Kyiv.

Meanwhile, Germany has resisted EU calls to ban Russian gas imports, which accounts for around 40% of European consumption.

Read more: How economic sanctions work

"We are dealing with a criminal war. It is clear we must end as quickly as possible all economic ties to Russia," said Christian Lindner, the country's finance minister. "We must plan tough sanctions, but gas cannot be substituted in the short term. We would inflict more damage on ourselves than on them."

It comes as Russian gas imports to the bloc hit the highest levels since the Ukraine conflict on Monday, with imports of Russian gas surging to a post-invasion high of 975.9 gigawatt hour (Gwh) a day, jumping from a level of 370 Gwh/day on the day before the invasion.

Ukrainian president Volodymyr Zelensky accused Russia of committing "war crimes" and European Council president Charles Michel said more embargoes were on "the way".

More than $6 billion in loans will be forgiven thanks to the fixes, CNBC reported, citing data from the U.S. Department of Education.

The PSLF, which dates to 2007, allows non-profit and government employees to have their federal student loans canceled after 10 years, or 120 payments. One-quarter of American workers could be eligible, according to estimates from the Consumer Financial Protection Bureau.

However, because of problems with the program, not that many eligible borrowers actually get relief. That should change thanks to PSLF reforms announced in 2021 by the Biden administration. Those changes include reassessing borrowers’ timelines and counting some payments that were previously ineligible.

Borrowers who want to get relief are advised to act quicky because the Biden administration’s new rules for public service loan forgiveness are set to expire Oct. 31, 2022.

Borrowers who have either a Federal Family Education Loan (FFEL) or a Federal Perkins Loan should consolidate them into direct loans with their servicers. Normally, Perkins and FFEL loans don’t qualify for public service loan forgiveness, but they were temporarily added by the Biden administration.

It typically takes 30 to 45 days for the consolidation to take place, according to higher education expert Mark Kantrowitz.

“Borrowers should do this even if they don’t expect to have 120 payments by the deadline, as the previously ineligible payments will count only if they do this,” he told CNBC.

See: Most Student Loan Borrowers are Not Ready to Restart Payments May 1

Find: Student Loan Pause Saved Borrowers $195 Billion, But Many Will Default When it Ends

Borrowers must also prove that their work was considered public service for time periods that they want to count toward forgiveness. You’ll need to file an employer certification form with your servicer for each job you’ve had throughout your timeline.

Third time servicing

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