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Trending News : Wednesday 11.08.23

Abortion rights supporters cheer at a gathering in Columbus, Ohio.

A new AmericanTopNews poll shows former President Donald Trump narrowly leading President Joe Biden 49% to 45% in a hypothetical rematch. This is fraying nerves among Democrats, but inside Biden’s headquarters, the president’s advisers remain confident that his coalition will grow — and that he is still the party’s best option in 2024 to win the White House

 

Here’s what else you need to know to Get Up to Speed and On With Your Day.

 

Elections


Democrats are celebrating a number of key victories from Tuesday's elections across the US. Voters in Ohio said "yes" to making abortion a constitutional right — becoming the first Republican state to make such a move. In deep-red Kentucky, CNN projects Democratic Gov. Andy Beshear will win a second term after he made abortion rights a key issue in his campaign. Voters also helped Democrats sweep control of the Virginia legislature in a major blow to GOP Gov. Glenn Youngkin. Republicans did get a win in Mississippi with Gov. Tate Reeves clinching re-election after Democratic challenger Brandon Presley conceded the race. In other closely-watched contests, Cherelle Parker is projected to become Philadelphia's first woman mayor, while Gabe Amo will become the first Black person to represent Rhode Island.

Network outage


Phone networks and internet connections were down for millions of Australians today after the country's second-largest telecommunications provider experienced an unexplained nationwide outage. Optus CEO Kelly Bayer Rosmarin ruled out a cyberattack but did not provide a reason for the hourslong service disruption. Optus has more than 10 million customers — or about 40% of Australia's population. Melbourne's train networks were forced to shut down for about 30 minutes due to the outage, resulting in delays during the morning rush, media reported. Rideshare companies, banks and hospitals across the country were also impacted.

Housing market


The housing market in the US is the least affordable it has been since 1984, and analysts aren't expecting it to rebound in the near term. It now takes nearly 41% of the median household's monthly income to cover the principal and interest payments on a median-priced home, new data shows. This comes as the painful combination of high mortgage rates, soaring home prices, and low inventory is pushing the American dream further from reach for many prospective homebuyers. After seven consecutive weekly increases, the 30-year fixed rate stands at around 7.7% — that's miles away from the pre-Covid rate of 3.8% in the fall of 2019. Climate change is also damaging the market as acquiring homeowners' insurance remains challenging in areas that frequently experience extreme weather events.

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