Home Building and the Money Illusion

                                                           

The July construction spending figures looked promising at first glance. Total construction spending was up by three-tenths of a percentage point, beating expectations for a two-tenths gain.      September 01, 2021   Today's Top Stories From the Breitbart News Desk The July construction spending figures looked promising at first glance. Total construction spending was up by three-tenths of a percentage point, beating expectations for a two-tenths gain. The figure for the previous month was revised up as well. Both public and private sector spending climbed. New single-family home construction spending rose 0.5 percent, and even nonresidential spending--which has been badly depressed through the age of Covid--managed to tick up a tenth of a point. The financial media treated the figures as "better than expected news." Few asked how it could be that single-family construction spending rose in the month when housing starts declined and homebuilder sentiment fell to the lowest level in thirteen months. If those homebuilders had suddenly turned dour, why were they spending so much to build homes? The answer, of course, is inflation. Taken together, the data show that we paid more to build fewer homes in July. In real terms, home building contracted in July despite soaring demand and a shortage of homes on the market. So why was everyone fooled by this illusion of growth? It's likely that a decade and a half of very low inflation has simply put people out of practice when it comes to distinguishing between nominal and real growth. We have not had to worry about how much of a rising number merely reflects higher prices, so it's easy to mistake inflationary growth for real growth. That's a bad habit the financial media and investors will have to shake as inflation persists from Biden's Bummer Summer into the autumn months. – Alex Marlow & John Carney Breitbart News Network     TOP STORY   Bidenflation Hits U.S. Construction: America Spent More to Build Fewer Houses in July Construction spending in the U.S. grew by slightly more than expected in the month of July, although the upside surprise may be evidence of inflation rather than growth in manufacturing activity. The Commerce Department reported Wednesday that the dollar value of residential spending rose to a seasonally adjusted annualized rate of $1,568.83 billion. The prior month was revised up to $1,563.46 billion from the preliminary estimate of $1,552.20 billion. So July's figure was 0.3 percent above the revised figure and one percent above the unrevised figure. [Click here for more]   IN OTHER STORIES... South Korea Passes Law Breaking Apple and Google's Stranglehold on App Payments South Korea has officially passed a bill designed to prevent tech giants like Google and Apple from forcing app developers to exclusively use the internet giant's own payment systems. The Verge reports that South Korea has passed a bill designed to stop tech giants such as Google and Apple from preventing developers from using... [Click here for more]   Coinbase Sparks Hacking Scare with Security False Alarm The popular cryptocurrency exchange Coinbase mistakenly sent emails to 125,000 users incorrectly informing them that their two-factor authentication settings had been changed, leading many users to worry that their account had been hacked. BBC News reports that the cryptocurrency exchange Conbaise mistakenly sent emails to 125,000 users incorrectly warning them that... [Click here for more] FOLLOW   Did you receive this email from a friend? Sign up to receive Breitbart Business Digest. T ©2021 Breitbart News 149 S. Barrington Ave. #401 Los Angeles CA 90049 USA Want to change how you receive these emails? You can *update your preferences or *unsubscribe from this list. Subscription Information This email was sent to  Webmaster220 Bible Study Blog *the blog owner has deleted the hyperlink intentionally

Microsoft 365's new security model: What you need to know

Docker container images security alert; why cybercriminals are buying admin credentials

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Cybersecurity Insider August 31, 2021 Microsoft 365's new security model: How to use phishing simulations and security mailboxes Microsoft 365's "secure by default" stance removes some tools used by security teams. Here's how to work around the new restrictions. Resource of the day Strengthen your AI skills at IBM's AI Bootcamp Explore how to bring machine learning models to production by adapting DevOps processes for AI. Join us for our online event on 8/17, "Day 2 Operations – Scale AI with your apps and processes." Register today and check out more sessions from our inten... More from TechRepublic "Intruders" in the cloud: Microsoft warns "thousands" of Azure customers about potential exposure Google and mobile operating systems top list of privacy concerns, says Kaspersky Security alert: The threat is coming from inside your Docker container images Cybercriminals buy up admin credentials to sharpen attacks on cloud deployments Cybercriminals are holding schools ransom for billions and some are paying up Expert: Governments and businesses must come together to combat ransomware threat Top 10 tech and health jobs with the best pay and growth potential How to create locally signed SSL certificates with mkcert Featured multimedia 15 highest-paying certifications for 2021 (free PDF) Where does your salary rank? What certifications can lead to a raise or promotion? Find out what certifications you should be working toward. Today's recommended downloads Handle Real-World Data Challenges in Real Time (TigerGraph) Sample file: How to update a page number reference in a Word document (TechRepublic) Hiring Kit: IT finance manager/budget director (TechRepublic Premium) Business leaders as developer: The rise of no-code and low-code software (free PDF) (TechRepublic) Lifetime Access: Project Management Professional Certification Training Bundle (ZDNet Academy) Featured survey What are the biggest challenges to implementing digital transformation technology? Has your company altered its digital transformation plans as a result of COVID-19? Let us know by taking this quick survey. Connect with TechRepublic Visit the *Subscription Center to get other free newsletters, manage your account settings or to be removed from TechRepublic communications. *Unsubscribe | FAQ | Terms of Use | Privacy Policy © 2021 TechnologyAdvice, LLC. All rights reserved. All rights reserved. This is a marketing email from TechnologyAdvice, 3343 Perimeter Hill Dr., Suite 100, Nashville, TN 37211, USA. Please do not reply to this message. To contact us, please click here.

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Cloud without Compromise. | Reduce risk. Innovate everywhere.

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A passwordless future is here

Docker launches new business plan; top 5 autonomous car roadblocks

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Cybersecurity Insider September 1, 2021 A passwordless future isn't close–it's here Authentication sans password is already possible and solutions are on the market from companies like Ping Identity. With passwords passé, it's time to make the leap to better security. Resource of the day Cloud without Compromise. | Reduce risk. Innovate everywhere. When setting your technical strategy, do you find yourself choosing between agility or security, openness or privacy, replatforming or refactoring? Why compromise when you don't need to? Join us on 23 September at 10:00 AM ET for Cloud without Comp... More from TechRepublic Cybercriminals buy up admin credentials to sharpen attacks on cloud deployments Cybercriminals are holding schools ransom for billions and some are paying up Docker launches new business plan with changes to the Docker Desktop license Android 12 adds AI and machine learning with Private Compute Core but keeps your data secure Identity is replacing the password: What software developers and IT pros need to know Data privacy, governance and insights are all important obligations for businesses Don't forget to evaluate soft skills when hiring for cybersecurity positions Top 5 autonomous car roadblocks Featured multimedia LastPass password management app: A cheat sheet (free PDF) Available for almost every OS, browser, and mobile platform on the market, LastPass is designed to have you safe, secure, and encrypted wherever you happen to be. Learn more about this password management app. Today's recommended downloads Handle Real-World Data Challenges in Real Time (TigerGraph) Information Security Certification Training Bundle (TechRepublic Academy) Top 5 ways AI will transform our lives (IBM) Sample file: How to use VLOOKUP() to find the closest match in Excel (TechRepublic) The best email platforms for iPhone, iPad and Mac users in 2021 (TechRepublic) Featured survey What are the biggest challenges to implementing digital transformation technology? Has your company altered its digital transformation plans as a result of COVID-19? Let us know by taking this quick survey. Connect with TechRepublic Visit the *Subscription Center to get other free newsletters, manage your account settings or to be removed from TechRepublic communications. *Unsubscribe | FAQ | Terms of Use | Privacy Policy © 2021 TechnologyAdvice, LLC. All rights reserved. All rights reserved. This is a marketing email from TechnologyAdvice, 3343 Perimeter Hill Dr., Suite 100, Nashville, TN 37211, USA. Please do not reply to this message. To contact us, please click *here.

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