How Fannie and Freddie Prop Up America's Favorite Mortgage
Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: Heather Seidel/The Wall Street Journal
New York City public schools are now switching to remote learning until further notice due to the city's rising coronavirus cases. See how schools and parents react to this change. What are the logistical challenges of vaccinating huge swathes of the population and how do you persuade those who are 'vaccine-hesitant' to get the jab? The UK and France will step up joint border controls as part of efforts to reduce illegal immigration ahead of Britain's exit from the EU. The number of migrants trying to cross to the UK has reportedly increased this year to 8000, in part due to Brexit. On January 6th, Rioters stormed the U.S. capitol building to overturn the results of the 2020 presidential election. These events were inspired by President Trump and organized and promoted on the platforms of publicly traded companies, most notably Facebook and Twitter. To avoid further violence, those companies, and then many more thereafter including YouTube, banned or blocked President Trump's access to the megaphone they provide. This exposed a major flaw in the business model of many social media platforms: share first, think later. Tech experts Chamath Palihapitiya, Roger McNamee, Chris Kelly and Dick Costolo all predict major changes coming in the social media landscape and Section 230. Watch the video to find out how big tech may be forced to change.