Rich Men North of Richmond

Oliver Anthony, “Rich Men of Richmond” Lyrics:

I’ve been sellin’ my soul, workin’ all day / Overtime hours for bullshit pay / So I can sit out here and waste my life away / Drag back home and drown my troubles away.

Pre-Chorus:
It’s a damn shame what the world’s gotten to / For people like me and people like you / Wish I could just wake up and it not be true / But it is, oh, it is.

Chorus:
Livin’ in the new world / With an old soul / These rich men north of Richmond / Lord knows they all just wanna have total control / Wanna know what you think, wanna know what you do / And they don’t think you know, but I know that you do / ‘Cause your dollar ain’t shit and it’s taxed to no end / ‘Cause of rich men north of Richmond.

I wish politicians would look out for miners / And not just minors on an island somewhere / Lord, we got folks in the street, ain’t got nothin’ to eat / And the obese milkin’ welfare.

Well, God, if you’re 5-foot-3 and you’re 300 pounds / Taxes ought not to pay for your bags of fudge rounds / Young men are puttin’ themselves six feet in the ground / ‘Cause all this damn country does is keep on kickin’ them down.

Repeat Pre-Chorus

Repeat Chorus

I’ve been sellin’ my soul, workin’ all day / Overtime hours for bullshit pay.

Mortgage rates soar to their highest level in 21 years

  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16% from 7.09%.
  • Mortgage demand from homebuyers was 26% lower than the same week one year ago.
  • Applications to refinance a home loan fell 2% for the week and were 35% lower than the same week one year ago.

US mortgage rates surged this week, rising to their highest level in 21 years.

The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.13%.

Rates have been above 6.5% since the end of May and climbing higher since mid-July. The last time rates were over 7% was in November of last year when they hit 7.08%. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

Mortgage rates have spiked during the Federal Reserve’s historic rate-hiking campaign sending home affordability to its lowest level in several decades. Buying a home is more expensive because of the added cost of financing the mortgage, and homeowners who previously locked in lower rates are reluctant to sell. The combination of low inventory and high costs has squeezed would-be homebuyers, sending home sales about 20% lower than a year ago.

“The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s chief economist. “Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales.”

The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. The survey includes only borrowers who put 20% down and have excellent credit.

Hurricane Don becomes first Atlantic storm of the season

The first hurricane of the season spun up as Hurricane Don took shape in the Atlantic while the chance for a new tropical depression or storm from a Caribbean-bound system remains, according to the National Hurricane Center.

As of 5 p.m., what has been an up-and-down-and-up-again life cycle for Don soldiered in a Category 1 hurricane with 75 mph sustained winds and higher gusts.

Hurricane Don cone of uncertainty as of 5 p.m. Saturday, July 22, 2023. (NHC)

It’s located about 480 miles south-southeast of Cape Race, Newfoundland moving north at 12 mph. Hurricane-force winds extend out 15 miles with tropical-storm-force winds extend out 70 miles.

Continue reading

In China, they’re closing churches, jailing pastors – and even rewriting scripture

[From The Guardian] China’s Communist party is intensifying religious persecution as Christianity’s popularity grows. A new state translation of the Bible will establish a ‘correct understanding’ of the text

Wang Yi, pastor of the Early Rain church, who was arrested and detained three months ago, along with his wife.

In late October, the pastor of one of China’s best-known underground churches asked this of his congregation: had they successfully spread the gospel throughout their city? “If tomorrow morning the Early Rain Covenant Church suddenly disappeared from the city of Chengdu, if each of us vanished into thin air, would this city be any different? Would anyone miss us?” said Wang Yi, leaning over his pulpit and pausing to let the question weigh on his audience. “I don’t know.”

Continue reading

Asia- Hotbed of Christian Persecution

See article on Congressional Statement of 2018 here.

Nearly 140 million Christians suffered high levels of hostility in Asia last year, a region the report describes as ‘the new hotbed of persecution’

Experts say China seems to be forcing Christians into ‘the North Korean model – weak, small and invisible in the deep underground’

Nearly 140 million Christians suffered high levels of persecution in Asia last year, according to a new report, which described the situation facing the faith in China as the worst since the Cultural Revolution.

The annual Open Doors World Watch List, released on Wednesday, said Asia is “the new hotbed of persecution for Christians”.

It noted a sharp increase in the persecution of Christians in Asia over the past five years – but with a dramatic spike in 2018, driven by the likes of a rise in Hindu ultra-nationalism in India, radical Islamism in Indonesia and tougher religious regulations in China.

Continue reading