Homes are not selling like hotcakes

 

Home for sale

Lindsey Nicholson/Getty Images

Last month, the housing market had the energy of a spider web-covered basement that’s used for storage. After months of recovery, sales of preowned US homes decreased by 8.4% in January from December, the National Association of Realtors (NAR) reported yesterday.

Despite mortgage rates falling throughout 2025:

  • Home sales were down 4.4% from a year ago, amounting to the worst month for home closings in more than two years.
  • Dwellings sat unsold for a median of 46 days last month, compared with 41 days a year prior.

Housewarming recession

The NAR says arctic weather in parts of the US may be partially to blame for market frigidness, but places that weren’t impacted also experienced home sales declines. Analysts attribute tepid homebuying to economic uncertainty, on top of low inventory that’s keeping prices high.

The number of homes on the market rose by 3.4% in January from a year earlier, but given the monthly pace of sales, that equals just 3.7 months’ worth of supply. Six months of supply is considered a balanced market.

In a silver lining for buyers and sellers…the median price of homes crept up by 0.9%, to $396,800, over the year—but they’ve become more affordable, thanks to wage growth and lower mortgage rates, according to the NAR.

Parks may be driving Disney toward its next CEO

 

A statue of Mickey Mouse outside of Disneyland

Gary Hershorn/Getty Images

It sounds like Disney adults are having a big say in who will be named the company’s new CEO. Bloomberg reported that theme parks head Josh D’Amaro is the favorite to replace two-term chief Bob Iger thanks to his division’s consistent profitability. His edge comes as parks once again bolstered the Mouse’s middling earnings report, which beat estimates but sent the stock tumbling 7% yesterday.

  • Disney’s experiences unit, which includes parks and cruises, reported a record $10 billion in profit last quarter.
  • Since D’Amaro was placed atop Space Mountain in 2020, the experiences unit has accounted for a majority of the company’s profits. Kalshi gives D’Amaro an 89% chance to do his best Tom Wambsgans and move from parks to the CEO chair when the board votes on a new company leader this week.

Hitting it out of the parks: Total attendance at Disney’s US theme parks only climbed 1% in the most recent quarter, but visitor spending jumped 4% due to concession sales (having a beer at every country in Epcot Center isn’t cheap).

So what’s dragging Disney down?

First, the good news: Operating income in Disney’s streaming division surged 72% from a year ago to $450 million, and the company said it had fewer cancellations (it does not release subscriber totals). However, earnings per share and operating profit declined 7% and 9% year over year, respectively:

  • Nonstreaming entertainment revenue crashed 55%.
  • Sports operating income was down 23%, which can be attributed, in part, to a 15-day standoff with YouTube TV that Disney says cost $110 million in revenue.
  • Disney released nine movies in the quarter compared to four a year ago, which comes with higher production costs.

And Disney warned that parks and cruises growth could slow in the next quarter because of expansion costs, as well as “international visitation headwinds at our domestic parks” from tariffs and potentially stricter visa requirements.

Zoom out: This earnings report represents the challenges that the next CEO will face—how to keep parks and streaming flourishing while managing the expected continued decline of linear TV.

RG Richardson Interactive Markets eBook by R.G. Richardson - EPUB | Rakuten Kobo Singapore

RG Richardson Interactive Markets eBook by R.G. Richardson - EPUB | Rakuten Kobo Singapore


RG Richardson Interactive Markets - Chinese, English and German
R.G. Richardson City Guides. Interactive City Guides, Job Search, Interactive Notes, Shopping and Real Estate Guides.
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Millions wasted killing healthy B.C. ostriches

 ‘Millions wasted killing healthy B.C. ostriches:’ Animal Justice | Oak Bay News

‘Millions wasted killing healthy B.C. ostriches:’ Animal Justice Published 6:00 pm Thursday, January 29, 2026 By Jennifer Smith CFIA and RCMP created a wall of hay bales around the ostriches in Edgewood in 2025. (Facebook photo) Animal Justice is deeply troubled after learning that the Canadian Food Inspection Agency’s killing of more than 300 healthy ostriches in Edgewood last year, months after avian influenza was first detected on the farm, cost Canadian taxpayers at least $6.8 million. The massive sum was revealed this week in a response to a parliamentary inquiry from Vernon—Lake Country—Monashee MP Scott Anderson in December. The total includes $2.3 million spent on staff time, and $1.3 million on lawyers and legal fees. “The amount of money spent is absolutely outrageous,” said lawyer and Animal Justice executive director Camille Labchuk. “Millions of taxpayers’ dollars were poured down the drain, wasted to massacre these sensitive, intelligent animals who, by that point, were entirely healthy. That money could have helped support animal sanctuaries, improved welfare for animals, or funded real disease-prevention measures instead. Trending Instability extends closure of Victoria segment of Galloping Goose Oak Bay seeks input on Bowker Creek railing replacement project “Not to mention, a fraction of this money could have funded Canada’s only research centre devoted to replacing animal experimentation, which was forced to close last year after the federal government failed to fund it. This would have supported the federal government’s own goal of phasing out toxicity testing on animals.” Following last year’s slaughter, Animal Justice filed a formal complaint with the Canadian Food Inspection Agency over the method used to kill the ostriches, citing serious concerns about animal suffering and potential violations of federal and provincial animal protection laws.


Read more at: https://oakbaynews.com/2026/01/29/millions-wasted-killing-healthy-b-c-ostriches-animal-justice/

When your sailing needs more than wind

 When your sailing needs more than wind


If spending vast sums of money in sailing is what you like to do, the global charter fleet includes a small but exceptional group of sailing yachts. Since 2018, this has exceeded the 100-metre mark, with BOAT International profiling seven of the largest sailing yachts available for charter in 2026:

Black Pearl – 105-metre
Maltese Falcon – 88-metre
Aquijo – 85.9-metre
Sea Eagle – 81-metre
Vertigo – 67.2-metre
Spirit of the Cs – 64-metre
Athos – 63.2-metre

When a day of sailing requires a gym, pool, jacuzzi, sauna, and an impressive toy box, this list has your boat. If you are curious about the 200 largest sailing yachts in the world, click here.

What a K-shaped economy actually means

 

What a K-shaped economy actually means

In a K-shaped recovery, different parts of the economy move in opposite directions at the same time following a recession or downturn. One segment—the upper arm of the K—experiences an increase in wealth due to rising asset values or incomes. The lower arm faces increasing financial strain due to declining purchasing power along with stagnating or decreasing wages.

Together, these diverging paths form the image of a letter K on an economic chart, with one pointing upward, and the other slanting downward.

The defining feature of a K-shaped economy is simultaneous growth and decline, split across different segments of society. It is distinct from a V-shaped recovery, which is marked by a sharp and broad rebound, and a U-shaped recovery, defined by a slower but widespread climb to growth.

In short, a K-shaped economy embodies the saying: “The rich get richer, and the poor get poorer.”

Prime number: Not budging

 

Houses, not for sale

Getty Images

Like the guy who snagged the window table at your favorite coffee shop and immediately opened up a blank doc called “screenplay,” homeowners are staying put. They’re keeping their homes for the longest time since at least the turn of the millennium, according to Axios:

  • At the end of 2025, US homesellers had been in their abodes for 8.6 years on average, the longest time in data dating back to 2000 (back when it was 4.2 years).
  • The time homeowners are keeping their houses has increased in nearly every major metro area over that period, industry data provider ATTOM said.

That can make it hard for buyers, but the change may be coming to the housing market: Realtor.com found that homeowners with mortgage rates of 6+% recently surpassed the share with rates below 3% for the first time since 2020, giving fewer owners a reason not to move. And the Wall Street Journal reports that a Redfin analysis showed that ~62% of last year’s buyers snagged a home for below the original listing price—the highest proportion since 2019.

The UCP is a separatist party. There, we said it.

 

The UCP is a separatist party. There, we said it.

The premier of Alberta has cleared her throat and made it known that she hasn’t (yet) penned her name to any petition calling for separating from Canada. Whew, that’s good, no?

Except, wait. Just the fact that this was a CBC headline yesterday demonstrates how long it has remained weirdly unclear whether Smith is okay with the federation going to hell.

She continues to claim she’s for a “sovereign” Alberta in a “unified” Canada, whatever that means. Writing in The Tyee, David Climenhaga gives the hook to all the tap dancing: “If you don’t understand by now that the United Conservative Party led by Danielle Smith is a separatist party, then you haven’t been paying attention.”

Climenhaga quotes well-connected Calgary Herald columnist Don Braid who wrote: “At the top level of the UCP they’re pondering whether to hold a vote on the party turning separatist.” Says Climenhaga: “Fair enough. They should.”

Because, well… “As is by now well known, party members and officials who are also Alberta Prosperity Project separatists are making regular visits to Washington to plot Canada’s destruction with unnamed members of the Donald Trump administration.” This as 19 UCP MLAs reportedly support the separatist petition and Smith has let it be known that’s fine with her.

I’m Tyee editor-in-chief David Beers, glad to be here on The Edge of all things Alberta politics.

Speaking of the business of manufacturing populist revolts, also in The Tyee this week Mitchell Anderson traces how Britain’s Brexit boosters drew inspiration from Preston Manning’s rebellious Reform Party. Today, if an election were held, Reform UK might just win.

Meanwhile, Canada’s News Forum TV broadcaster is expanding, including opening a bureau in Calgary. Christopher Holcroft reveals its role as megaphone for the U.S. dark money-backed libertarian Atlas Network and how federal regulators helped expand its reach.

We also shared a news report from Pincher Creek’s Shootin’ the Breeze saying that country music star Corb Lund’s efforts to launch his own citizen initiative petition drive has been approved. It’s against UCP-backed coal mining in the previously protected eastern slopes of the Rockies.

This week’s lesson seems to be that petitions have consequences. Choose wisely. Please, don’t drink and sign.

Trump officially revoked the US’ ability to regulate pollution

 Trump officially revoked the US’ ability to regulate pollution. Yesterday, President Trump’s EPA repealed the bedrock scientific finding that greenhouse gases threaten human health and the environment, which served as the legal underpinning for all climate regulation. The repeal of the Obama-era “endangerment finding” means that the federal government will no longer have the ability to control pollution—if it survives legal challenges. Environmental activists are certain to launch a legal fight that observers believe will ultimately be decided by the Supreme Court.

We need more meaningful citizen involvement - Victoria Times Colonist

We need more meaningful citizen involvement - Victoria Times Colonist

Gene Miller: We need more meaningful citizen involvement, not just complaint

Civic conversation about matters larger than construction congestion and more credible than forged political accomplishment is sorely needed.
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Prime Minister Mark Carney’s speech at the World Economic Forum in Davos, Switzerland on Tuesday talked about a new and enlarged role for Canada on the world stage, a role that all of us should be proud to embody, while not blind to risks when you pop your head up, writes Gene Miller. Sean Kilpatrick, The Canadian Press

It’s Tuesday evening, and I have just finished listening to our prime minister deliver an extraordinarily courageous and cautionary speech at the World Economic Forum, held annually in Davos, Switzerland.

It was breathtakingly courageous because it was utterly truthful about the rapidly emerging new world order and what that implies

It was also courageous because it represented, and in some ways defined, a new and enlarged role for Canada on the world stage — a role, in my view, that all of us should be proud to embody, to make our own, while not blind to risks when you pop your head up.

It was — and I use words not often associated with Canada — powerful, persuasive, riveting, profound.

One for the history books.

It will be consequential.

U.S. President Donald Trump, whose name Carney never mentioned, will, in the privacy of his White House office, curse our prime minister and our country and nurse revenge.

We will move to the front of that insane president’s retribution list.

While Carney’s speech was filled with a shockingly honest description of current geopolitical realities and prospects, he pointed unerringly and scarily to where all of this was headed: rupture and the end of global rules-based order — to a near-future more filled with basic appetite and aggression than modern.

To his credit, then, Carney, virtually stating that the world was headed toward an economic and, it appears, territorial war with the U.S., smoothed over nothing in his portrait of humanity’s next chapter.

Let’s leave the terrors of Davos and shift to a local frame.

I’ve lived in Victoria since 1970, when the Empress Hotel, that breathtaking architectural confection, was the crown of the capital, imperious and self-important.

Now, in its full embrace of modern times, Victoria has become a thriving and dynamic metropolis whose greatest cultural export is complaint, in bike lane, pothole and road-closure flavours.

I joke only to point out that citizen involvement has been reduced to complaint.

As many significant political and social thinkers are stating, “normal,” with its basket of traditions, shared assumptions and understandings, bows and curtsies, is going or gone, finished, exhausted.

While some new normal hasn’t coalesced yet, there are hints bathed, worryingly, in a sick yellow glow.

Consider the possibility that cellphone culture and Trumpism might be the new normal. A nightmare, but one we may wake to.

This column is constrained in its geographic and social reach, but in the face of mounting social urgencies, it asks readers, local and elsewhere, to look up, that is, to see the times for what they are.

In functional, operational terms, it calls for more civic conversation about matters larger than construction congestion and more credible than forged political accomplishment.

In the same way that physical exercise builds muscles, community conversation and project involvement build social muscle.

People — all of us — need to be better and more broadly informed about what’s happening in our communities and cities.

I’m in the habit of noting we are living in the middle of HISTORY. There’s a case to be made that threatening and tough times require a more prepared community with stronger psychological resources.

These don’t come from nowhere.

It calls for informed citizen passion and a hunger for informed viewpoint, for engagement.

In that context, shouldn’t we, in a small reflection of global realities, try to get to the root cause of local public abdication, the withdrawal of citizen energy from the civic concerns that affect quality of life here?

To do so, don’t we need to be more “here,” more present?

Turning everything over to mayor and council is a voluntary “donation” of social power by the public, and it always has “strong leader” consequences, sooner or later.

Sound familiar?

What is mysterious is not just the slow drift or transfer of social power but the failure of a community to recognize that it is taking place.

Elections, unfortunately, are the worst social tool for citywide conversation. They come too late and blunt legitimate interrogation of council aspirants and would-be returnees.

(Eight months from election time, we are starting to receive harp-string messages from multi-termers listing their accomplishments.)

What this writing calls for — as it has before — is kitchen-table and coffee-shop discussion about the appropriate distribution of social power in our local political environment, and whether accomplishment through a more direct city/citizen partnership might lead to more potent and successful outcomes.

A better next.

Gene Miller is the founder of Open Space, founding publisher of Monday Magazine, originator of the Gaining Ground urban sustainability conferences, founder/developer of ASH houseplexes, and currently writing “Nothing To Do: Life in a Workless World.” He’d be pleased to receive and respond to your thoughts. genekmiller@gmail.com

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