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It’s not just grocery staples like eggs, milk, bread and coffee that are going through the roof — it’s also the hit from basic monthly payments like heat, electricity, car insurance and child care.

While housing costs and car payments continue to dog consumers amid stubbornly stiff interest rates, new figures from the US Energy Information Administration reveal that homeowners and renters alike are getting no relief from their associated monthly bills.

Those include electricity, which has climbed 25% since January 2020, the year before President Joe Biden took office and began touting his Bidenomics agenda.

California residents have experienced among the fastest-climbing electricity bills, which have popped a stunning 59% from the start of January through October 2023, per EIA.

Maine also experienced one of the steepest surges in electric costs, at 42%, while New Yorkers faced a roughly 38% pop in the same three-plus-year time period.

It’s part of the cold reality looming for most US voters who believe the odds of achieving the so-called “American Dream” are stacked against them.

For consumers faced with heating their homes this winter, the price of natural gas is also up 29% since January 2020, according to EIA figures that were earlier reported on by Bloomberg.

The figures contradict the latest Consumer Price Index, which reported that the energy index fell 2.5% on a monthly basis in October as gasoline tumbled 5% — figures Biden spun as good news for Bidenomics, which popped a historic $2 trillion hole in the federal budget last month.

Car insurance costs are following the same trend as Americans face monthly payments that are 33% higher than they were at the start of 2020.

The advance is faster than the previous three years, from 2016 to 2019 combined, when monthly car insurance payments ticked 21% higher, according to Bloomberg.

The cost of the car itself has also revved to a record-breaking $736 per month for a new vehicle, according to automotive company Edmunds.

In another grim all-time high, Edmunds found that 17.5% of Americans’ monthly car payment exceeds $1,000.

Healthcare plans also became more costly.

The average employer-sponsored health insurance premium for US families reached almost $24,000 this year, according to an annual KFF survey of more than 2,000 American companies — up a punishing 7% compared with a 1% increase a year earlier

Premiums for individual employer coverage rose at the same rate.

And as of 2022, the average annual cost of child care nationally was $10,853 — or roughly 10% of the average married couple’s median income — according to Bloomberg, citing data from Child Care Aware of America.

However, costs varied by region. States in the Northeast charge the most for child care, CCAoA found, running parents $30,514 for two children.

For reference, CCAoA’s annual survey found that housing costs in the area average $25,557 and the average child care professional earns an average of $28,520 per year.

In 41 states plus the District of Columbia, the average annual price of child care for two children exceeds average annual mortgage payments by anywhere from 1% to 53% — and rent payments by a staggering 100% — per the CCAoA.

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Politics

Zarah Sultana drops legal threat to reconcile with Jeremy Corbyn after row

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Zarah Sultana drops legal threat to reconcile with Jeremy Corbyn after row

Zarah Sultana has said she will not pursue legal action in a bid to repair the row that has engulfed her new political party with Jeremy Corbyn.

Ms Sultana, who co-leads “Your Party” with the former Labour leader, initially said she had hired defamation lawyers following a public spat in which she was accused of launching her own “unauthorised” membership drive.

Politics latest: Nigel Farage holds Reform UK news conference

The former Labour MP, who now represents Coventry South as an independent, admitted she had launched the membership portal without her co-leader’s sign-off, but claimed she did so because she had been “sidelined” by a “sexist boys club”.

Her actions led to Mr Corbyn issuing his own statement, in which he urged members of the party – which has been given the interim name of Your Party – to ignore an “unauthorised” email urging them to become paid members and that legal advice was being taken.

In a fresh statement issued on Sunday evening, Ms Sultana acknowledged her supporters had been left feeling “demoralised” by the saga.

“For the sake of the party, and as an act of good faith, I will not be pursuing legal proceedings despite the baseless and unsubstantiated allegations against me,” she said.

“I know many people are feeling demoralised – I share that feeling. We find ourselves in a regrettable situation, but my motivation has always been to ensure the collective strength of our movement, put members first and build the genuinely democratic conference and socialist party we so urgently need.”

She added: “I am determined to reconcile and move forward. I am engaged in ongoing discussions with Jeremy, for whom, like all socialists of my generation, I have nothing but respect.”

Your Party got off to a shaky start when it was announced by Ms Sultana in early July, in a move that appeared to blindside Mr Corbyn.

The pair confirmed the launch a few weeks later, sharing a link to a website called Yourparty.co.uk.

It was later clarified that that was an interim name and that party members would decide a formal name at its inaugural conference in the autumn.

It is understood there are still expectations the conference will go ahead, despite the public fallout last week.

Read more:
Inside Jeremy Corbyn’s new party and the battle for leadership
What is happening at Your Party?

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What is happening at Your Party?

Despite her current attempts to repair the row, Your Party reported itself to the Information Commissioner’s Office last week after the “false membership” system was “unilaterally launched” by Ms Sultana – which it said was its duty under the law.

Questions remain over the handling of the data, which, as outlined in Your Party’s privacy notice, is owned by the Peace and Justice Project, spearheaded by the former Labour leader and independent activist Pamela Fitzpatrick, who are listed as the directors on Companies House.

The Coventry MP said in a statement after the row broke out that “at no point was members’ data misused or put at risk” and that the portal was “properly launched in accordance with the party’s roadmap”.

The ICO watchdog, which upholds information rights in the public interest, can issue fines up to £17.5m or 4% of global turnover, or pass fraud and negligence cases to police.

A spokesperson for the ICO told Sky News on Friday: “We can confirm we have received a report and are assessing the information provided.”

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Environment

You need to know: does adding home solar increase your property value?

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You need to know: does adding home solar increase your property value?

For many homeowners, the conversation about adding rooftop solar panels starts with cutting utility bills — but there are plenty of other reasons to make the switch. One of them is that adding a home solar system could actually increase your home’s resale value … but is that true?

The short answer is: yes (kinda).

In theory, the more features a house has, the more it costs. A pool, a bigger garage, or a finished basement — all those upgrades add value to a home when it’s compared to a home without them. By that logic, then, rooftop solar panels should make a house more desirable, too. And they often do. But, as with most things, the reality is a bit more complicated.

One of the biggest complications when it comes to selling a home with solar panels comes down to who owns the solar panels. If you’ve leased your solar setup through a company like Sunrun, for example, the solar company that sold you the panels still owns the panels, not you. That could mean that any potential buyers would have to assume the lease themselves, or that the seller has to buy out the lease before selling.

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Leasing reduces a homeowner’s up-front and monthly costs, making it a popular choice – but the process of transferring a lease can complicate a sale, slow down negotiations, or even limit the pool of potential buyers. That’s especially true in areas where rooftop solar panels aren’t common, or have been heavily politicized.

By contrast, many homeowners choose to finance their solar system through a “conventional” loan or a home equity line of credit (HELOC). In these cases, you own your panels from day one, even if you’re still paying them off over time. And, because ownership is clear in those cases, the solar panels can more easily be considered part of the home, like kitchen appliances or a washer/dryer set.

While this avenue might have a higher up-front or monthly cost for the seller, there’s no lease to assume and no third-party approval or contracts required to complete the sale.

Financing also offers flexibility in structuring payments, with some homeowners choosing short-term loans to pay off the system quickly and others use longer-term HELOCs to spread costs out over a longer timeline. In either case, ownership ensures that the value of your solar installation can be transferred seamlessly to the next buyer. Plus, a savvy realtor can even highlight a fully-owned solar array in the listing as a long-term cost saver rather than a leased add-on.

That’s not to say that leasing, financing, or even paying cash is the best way to go for everyone (after all, if inflation is higher than your interest rate, the best thing you can do is borrow today’s “good” money and pay it back with tomorrow’s “garbage” money at what is, effectively, a discount). Get several quotes from reputable installers and find out about what options they recommend, then work with a trusted financial expert to determine the best path for you.

From theory to practice


home solar storage prices
Installing solar panels; via Sunrun.

A realtor named Alisha Collins recently posted a video to TikTok where she walks us through the sale of a house and the role that the home’s $50,000 rooftop solar panel installation played in that sale. The sale was something that, while it might seem common enough to Electrek readers, was a first for Collins.

“This is a great benefit because the buyers are getting the solar panels to use in the future to save them money on their electricity, and they weren’t gonna have to buy them,” Alisha remarks. “So I focused on marketing what the positives of solar panels are — less utilities, lower utility bills if any, clean energy, and also, the buyers were getting an almost new system.” 

Collins keeps calling the lease a “loan” throughout the video, but (in my opinion) makes some solid observations and is thinking about things the right way, keeping an open mind, and trying to do right by her clients. You can watch the video for yourself, below, then let us know what you think of Collins’ take in the comments.

@alishacollinsrealestate Just sold my first house with solar panels ☀️🏡 and honestly… I thought it was going to be way more challenging than it was. But the strategy the seller and I used made all the difference: ✅ We decided to pay off the solar panels at closing so the cost was basically built into the price — simple and clean. We got an offer after a price reduction and then… crossed our fingers for the appraisal 🤞 Because let’s be real — some appraisers value solar differently and that can make or break a deal. This one worked out — but solar definitely adds a layer to navigate. 💬 Have you ever bought or sold a house with solar? What was your experience? #alishacollins #realestatebestie #casperwyoming #solarhomes #homesellingtips #realestatetalk #appraisals #solarpanels #greenhome #realestatewin #listingstrategy ♬ Soft Sunlight (Lofi) – Prodbyecho

Original content from Electrek.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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UK

Police appeal to trace further 18 people linked to disorder at Unite the Kingdom march

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Police appeal to trace further 18 people linked to disorder at Unite the Kingdom march

Police have appealed for help to identify an additional 18 people suspected of public order offences and assaults on emergency workers on the day of the Unite the Kingdom march.

Between 110,000 and 150,000 people attended the rally in central London on 13 September, the Metropolitan Police estimates.

Protesters heard a number of speeches, including from far-right activist Tommy Robinson, who organised the rally and called it the “biggest freedom of speech” event in British history.

Pics: Met Police
Image:
Pics: Met Police

An anti-racism counter-protest, attended by about 5,000 campaigners, also took place, with the two groups clashing on Whitehall and Trafalgar Square, separated by lines of police.

Police previously said 24 people were arrested at the protests, 23 of whom are believed to have been involved in the Unite the Kingdom rally, while one was believed to be involved in the counter-protest.

The force launched an appeal to identify 11 people last week, one of whom was identified.

Officers now want to speak to a further 18 people “in connection with a range of public order offences and assaults on emergency workers” and have released 16 new images.

Pics: Met Police
Image:
Pics: Met Police

The Met previously said 26 officers were assaulted with kicks and punches, adding: “Bottles, flares and other projectiles were also thrown and concerted attempts were made to get past barriers.”

“Our post-event investigation continues and officers have looked through hundreds of hours of CCTV footage to review evidence to help with further inquiries,” said Detective Chief Inspector Natalie Norris.

“We have 28 people we want to speak to in connection with a range of offences – and we are again appealing for the public’s help to track them down.”

Read more from Sky News:
UK to push peace plan at UN summit
Gatwick second runway given green light

People may have travelled from outside London, so she said she was asking people “across the country” to look at a number of pictures that have been released and to get in touch if they recognise anyone.

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