Metro Denver’s housing market continues frenzied pace in first quarter
Metro Denver’s housing market has run hot for nearly a decade now, so nobody would blame it for taking a breather, especially a year into a pandemic. Instead, the frenzied pace has only sped up, shattering all kinds of records, including how much buyers are willing to pay above a seller’s asking price. — Aldo Svaldi
Use the map and table to see activity in the Denver metro housing market in the first quarter of 2021.
Sixteen-year-old boy among five arrested in right-wing terror raids
A 16-year-old boy is among five people arrested on Saturday morning as part of a police investigation into right-wing terrorism.
He was arrested at an address in Swindon on suspicion of being concerned in the commission, preparation or instigation of acts of terrorism.
Democrat Sen. Joe Manchin Says He Won't Support D.C. Statehood Bill
The likelihood of D.C. statehood was served a blow on Friday when Sen. Joe Manchin (D-W.V.) said that he opposes a bill that would make the nation’s capital a state.
Manchin told Hoppy Kercheval of West Virginia’s MetroNews in a radio interview that a constitutional amendment was needed, not legislation.
“If Congress wants to make D.C. a state, it should propose a constitutional amendment. It should propose a constitutional amendment and let the people of America vote,” Manchin said.
The statehood bill, H.R. 51, which passed the House along party lines last month received no Republican votes, and regardless of where Machin fell on the issue, it would have had a tough time getting through the Senate where 60 votes would be needed to avoid a filibuster.
Manchin claims using legislation to achieve D.C. statehood is a waste of time and would wind up going to the nation’s highest court.
“You know it’s going to go to the Supreme Court,” Manchin said, “Every single legal scholar has told us that. So why not do it the right way and let the people vote, to see if they want to change?”
The senator’s choice blunts the momentum that statehood advocates were hoping to build on after the passage of H.R. 51 in the House. Regardless, Democratic Senate Majority Leader Chuck Schumer has already said the bill will get a vote. And in April, President Biden called on Congress to “provide for a swift and orderly transition to statehood for the people of Washington, D.C.”
What History Can Teach Banks About Making Change
Financial institutions have a unique power to contribute to social movements — if they choose to use it.
By Destin Jenkins
Berkshire Turns To Profit In Q1
Billionaire Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) reported a profit for the first-quarter compared to a loss in the prior year, reflecting stock-market gains.
The earnings report came ahead of its annual shareholder meeting, which will take place on Saturday at 1:30 pm ET in Los Angeles with both Buffett and Vice Chairman Charlie Munger present. The event will be held virtually without attendees for a second time.
Berkshire reported that its first-quarter net earnings attributable to shareholders was $11.71 billion or $7,638 per Class A share compared to a loss of $49.75 billion or $30,653 per Class A share in the same quarter last year.
Investment and derivative contract gains was $5.70 billion compared to loss of $70.28 billion in the previous year.
Insurance underwriting produced after-tax earnings of $764 million in the first quarter of 2021 compared to $363 million last year.
Quarterly operating earnings grew to $7.02 billion from $5.87 billion in the prior year.
Total revenues for the first-quarter rose to $64.60 billion from $61.27 billion in the previous year.
Jump in COVID cases hits India’s April fuel demand
Analysts see a sharper slump in May
Indian state refiners’ local fuel sales in April declined due to state-level restrictions aimed at stemming a rampant second wave of coronavirus infections, preliminary data shows.
The deadly second wave topped 4,00,000 new daily cases for the first time on Saturday. Authorities reported 4,01,993 new cases in the previous 24 hours, the highest daily count globally, after 10 consecutive days over 3,00,000. Deaths from COVID-19 jumped by 3,523, taking the total toll to 2,11,853.
“Overall fuel demand is down by about 7% from pre-COVID level of April 2019,” said A.K. Singh, head of marketing at Bharat Petroleum Corp. “We were near pre-COIVD level in March but new restrictions and COVID wave-2 has temporarily reduced demand equivalent to about 10% of March demand for both personal mobility and industrial goods movement,” Mr. Singh said. He said the local fuel consumption would ‘start to look up’ in June, by when the second wave was expected to weaken.
Analysts expect a sharper slump in May due to more impending restrictions.
2021 Kentucky Derby post time, odds: Live stream, TV info, how to watch race at Churchill Downs
The 147th running of the Kentucky Derby will take place Saturday from Churchill Downs in Louisville, Kentucky, and will be televised by NBC. Post time is scheduled for 6:57 p.m. ET.
Essential Quality, trained by Brad Cox, opened as the 2-1 favorite and has been bet down nearly even-money odds as of Saturday morning. Luis Saez will be aboard for the trip. Saez rode Maximum Security to victory in 2019, only to see that victory stripped away as a result of a steward's inquiry.
Rock Your World is the second betting favorite, followed by Hot Rod Charlie. Bob Baffert and John Velazquez, the connections that won the 2020 Derby with Authentic, have Medina Spirit, who enters as a solid medium-shot at 15-1.
Derby Draw: Who got the best and worst post positions?
Why you'll lose: Why your 2021 Kentucky Derby horse can — or can't — win
Soft favorite?: Essential Quality is taking the money, but he may not be best