WSJ What’s News
Why Record Numbers of Americans Are Leaving the U.S.
· Summarized
Key takeaways
- The U.S. is experiencing net negative migration, with an increasing number of Americans leaving for various reasons including affordability, safety, and remote work opportunities.
- Mortgage rates have dropped below 6%, but the housing market continues to face challenges with high prices and insurance costs.
- Hillary Clinton testified regarding Jeffrey Epstein, emphasizing her lack of information and the investigation's approach.
- The oil industry's plea to President Trump to cease his initiatives against the wind industry highlights their desire for easier permitting processes to meet energy demands.
Summary
Americans Leaving the U.S.
The U.S. saw a significant increase in citizens leaving the country, marking a net negative migration rate for the first time since the Great Depression. WSJ World Enterprise Chief Joe Parkinson discusses the driving factors behind this trend, which include affordability, safety concerns related to gun violence, and the desire for a better work-life balance through remote work capabilities. A historical analysis indicated that younger families, students, and a diverse array of individuals are moving abroad to countries like Portugal, Italy, and even less conventional locations like Vietnam and Albania.
Mortgage Rates and Housing Market Trends
Discussion about mortgage rates reveals they have fallen below 6% for the first time in over three years, potentially a boost for home sales during the upcoming spring season. While the decrease can instill confidence in buyers, several external factors, such as high home prices and rising home insurance costs, continue to deter them from making purchases.
Clinton's Testimony and Epstein Investigation
In a closed-door deposition, Hillary Clinton stated she has no knowledge of Jeffrey Epstein's criminal activities, as she addressed the House GOP-led Committee. The testimony is part of a larger investigation into Epstein's associations, with the transcript specifically detailing Clinton's stance and accusations towards the investigation pattern being a 'fishing expedition'.
Oil Industry and Offshore Wind Turmoil
The podcast discusses how the oil industry is requesting President Trump to ease his confrontational stance on the offshore wind industry, as their opposition is hindering their ability to negotiate crucial energy infrastructure projects like pipelines. With energy demands rising, the oil industry sees this moment as vital for legislative reform, but they face obstacles tied to political tensions surrounding Trump.
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Show notes
P.M. Edition for Feb. 26. Last year, the U.S. had net negative migration for the first time since the Great Depression: More people left than came. Record numbers of American citizens left the country. WSJ world enterprise chief Joe Parkinson discusses what’s driving these departures. Plus, Warner Bros. Discovery says Paramount’s revised offer to buy it is superior to the deal it has with Netflix. And in a closed-door, videotaped deposition in front of a GOP-led House committee, Hillary Clinton said she has no information about Jeffrey Epstein. Alex Ossola hosts.
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