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Phyllis Murchey is somewhat new to the Phoenix area. She moved to a Sunshine Retirement Living community from California about three months ago, and today she’s seeing a new doctor. At 91, she doesn’t have a driver’s license anymore, which can make transportation to appointments like this a little tricky. “I have a daughter in Wittmann,” she explained. “But she works all week and can only come on Saturdays.” But Murchey did find transportation to her doctor with Adam Fox in his red Chevy Cruze. Fox drives for Lyft, and this ride is part of a relatively new arrangement Murchey's senior living community signed with the ride-sharing company. RELATED: Lyft co-founder says the company could be profitable by 2018 Lyft's president on driverless cars and background checks Uber and Lyft's battle to attract new drivers “As we have evolved as a company, we believe it translates very well into health care and to that segment of our business,” said Dan Trigub, who heads up Lyft’s elder mobility initiative. “And certainly for our elder population.” For ride-sharing companies, competition for customers can be fierce, particularly among millennials. For seniors, however, especially those over the age of 80, there’s a lot of room to grow. The Phoenix area has become a testing ground of sorts for those companies to better serve this relatively untapped market. Trigub said making his company’s app work for a population that doesn’t always have a smartphone has its challenges. That is why, to make this work, Lyft and other ride-sharing companies have entered partnerships with senior living communities. So all Murchey had to do to order her ride was call the front desk at the retirement home where she lives. “We’ve had 30 percent of the residents in the pilot community take a ride through Lyft,” added Andrew Smith, the director of strategy and innovation at Brookdale, a national assisted living chain. He said at first, his company was unsure its residents would be comfortable with this type of service. But initial results are showing otherwise, as 50 percent of those residents are repeat riders. Transportation expert Carol Wright, with the National Aging and Disability Transportation Center, said she isn’t surprised these partnerships are forming. “If there are enough numbers of people who want a certain thing, the market is going to respond accordingly,” she said.   She added that with more than 20 percent of the population expected to be over the age of 65 in the next 15 years, the demand for flexible and reliable transportation options is likely to grow. 

Read more: Marketplace All Stories

The housing market continues to strengthen. Home prices nationwide were up 5.9 percent year-over-year in January, reaching a 31-month high. Home sales also jumped to 5.5 percent in February — the strongest reading since April 2010, according to a new report from the National Association of Realtors (NAR). So what's behind the changes happening in the market? Millennials are growing up As millenials get older, they’re becoming more established in their careers and starting to settle down, said Marketplace contributor Chris Farrell. So we’re seeing a rise in first-time, millennial homebuyers. Millennials are the largest demographic group, but haven’t been participating in the housing market, according to Reuters. RELATED: Millennials like city homes, but not the high prices Will tax reform upend market for low-income housing? Housing had been held back by too few new homes Housing had been sluggish a few years ago, with some placing the “blame” on young people who interrupted a real estate chain reaction: They buy starter homes from middle-aged people who in turn upgrade to bigger homes. Anxiety over student loan debt, low-paying freelance jobs and unemployment rates had put off some millennials from even considering real estate a few years ago. But some real estate sites predict there’ll be a turnaround this year. Rental affordability will improve as incomes rise and rent growth slows down, according to predictions from Zillow. And Realtor.com estimates that millennials will soon make up 33 percent of the market, with boomers making up 30 percent. The forecast for interest rates The Federal Reserve decided to raise interest rates a quarter of a percentage point this month, signaling that it would boost rates two more times this year. Those expectations may be prompting consumers to act fast. Recent data show that the average 30-year fixed mortgage rate sits at 4.16 percent. When that mortgage number tops 4 percent, it can cause some worry. “We continue to see mortgage rates creeping up, so there is concern about how that’s going to impact affordability,” Selma Hepp, chief economist at real estate firm Pacific Union, told us last year. Delaying the home search may mean paying higher interest rates later in the year, said Lawrence Yun, the National Association of Realtors’ chief economist, in the recent NAR report.  A limited housing supply In December, the housing inventory was at its lowest level since 1999, which is when the NAR started collecting that data. Zillow also said that there are 3 percent fewer homes to choose from than the previous year.  Why is inventory lower? This is, to a large extent, a consequence of the housing market crash, Farrell said.  About 1.4 million home-building jobs were lost through the Great Recession and housing bust, according to Robert Denk, senior economist at the National Association of Home Builders. Many skilled construction workers retired or decided to find work elsewhere. “Our builder-members are telling us that they’re having a lot of trouble meeting the existing, and increasing, demand,” Denk told us, “because they’re having trouble with the supply of developed lots and skilled labor.”

Read more: Marketplace All Stories

Elon Musk’s SpaceX plans to launch a commercial satellite into orbit today using a recycled rocket booster. It’s the first time SpaceX will attempt to use one of its re-landed rockets. And the Falcon 9 would be the first liquid-fueled rocket sent into space using this method.  Click the audio player above to hear the full story.

Read more: Marketplace All Stories

Samsung has unveiled the Galaxy S generation, and as was widely anticipated there are two devices in this range. The standard Galaxy S8 will be accompanied by a Galaxy S8 Plus phablet, although the smaller sized device could now be […] The post Galaxy S8 vs. Galaxy S8 Plus: Comparison Of New Samsung Phones appeared first on ValueWalk.

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  Thousands of mall-based stores in US are shutting down in what’s fast becoming one of the biggest waves of retail closures in decades.More than 3,500 stores are expected to close in the next couple months.Department stores like JCPenney, Macy’s, […] The post Jeff Bezos and retail apocalypse appeared first on ValueWalk.

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Asian shares and oil are lower, European shares are little changed, and S&P futures are fractionally in the red after gaining for most of the overnight session, perhaps troubled by warnings from two Fed presidents who warned that markets and valuations appear frothy, and the Federal Reserve may have to raise rates more times than currently forecast. The latest round of Fed hawkishness helped the dollar gain further after recent losses which earlier this week pushed it to 4 month lows. That

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Remember last year when CETA, the Comprehensive Economic and Trade Agreement between Canada and the EU, was on, then off, then on again, then off again, and finally on again? After that, CETA was ratified by the European Union, and now needs to be approved by all Member States' parliaments before it is definitively in force. Well, guess what? One of those parliaments -- in the French-speaking Belgian region of Wallonia, which has already derailed CETA before -- could be about to block it

Read more: Techdirt.

Interesting look at the two economic elements by county:   2016 Q4 Equifax Subprime Credit Population by County (percent)   2015 New Private Housing Building Permits by County (units) Source: FRED       The post Subprime Credit vs New Construction appeared first on The Big Picture.

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Over the past dew days, Bloomberg market commentator Mark Cudmore has been decidedly skeptical of any rebound observed in US stocks, and overnight he did not change his sentiment despite what some have said is an attempt for the reflation rally to reassert itself. In a note titled "Why I Don’t Believe in This U.S. Equities Bounce" he explains why, giving seven reasons why despite stocks seemingly poised for a third day of gains, he refuses to BTD and chase the latest rally. From

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The post Monetary policy in a low interest rate world appeared first on The Big Picture.

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With analysts noting that markets are "taking the Fed's tightening policy in their stride," demand for emerging-markets debt is so strong that Bloomberg reports one of Asia's poorest nations is mulling a debut dollar-bond sale... Papua New Guinea. Source: BBC The southwest Pacific nation plans to raise $500 million in five-year bonds, central bank governor Loi Martin Bakani said Tuesday at the Credit Suisse Asian Investment Conference in Hong Kong. The country would join

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Authored by Mike Shedlock via MishTalk.com, At the top of the list of absurd Brexit advice is the notion that a bad deal is better than no deal. But that’s what Andrew Duff at the European Policy Center says. Drop the Clichés   The British side should stop pretending that ‘no deal is better than a bad deal’. It is not. In fact, there’s really nothing worse than no deal. So it’s not a clever tactic for the UK to start off negotiations by repeating a cliché

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On the heels of the melt-up in US mega-cap tech stocks, Amazon founder Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.     As Bloomberg reports, the 53-year-old founder of Amazon.com Inc. added $1.5 billion to his net worth on Wednesday, the day after the e-commerce giant announced it will buy Dubai-based online retailer Souq.com, and has added over $7 billion since the global equities rally began following the election of

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Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the European leaders sat down for lunch at the Quirinal Palace, some of them had a little too much of the

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Michael Snyder Warns, When prophetic voices all over the nation start saying the exact same thing, you might want to start listening. In the Scriptures, there is a very clear pattern when it comes to judgment. God always sends warnings in advance so that people can have a chance to repent:   From Michael Snyder: In […] The post Prophetic Voices: ‘Exposure’ And ‘Dividing’ Are Coming Due To ‘Perversion’ In The Church appeared first on Silver Doctors.

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After a stunning healthcare defeat last week, delivered at the hands of his own party no less, Trump took to twitter to predict the imminent 'explosion' of Obamacare. ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 The Democrats will make a deal with me on healthcare as soon as ObamaCare folds - not long. Do not worry, we are in very good shape! — Donald J.

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One day after UK PM Theresa May officially unleashed the Article 50 letter proclaiming the beginning of the end of Britain within the EU, the UK stock market had rallied over 16% since the vote that elites said would bring armageddon. However, remove the support of a collapsed currency and things look very different for a US dollar investor. The UK's FTSE 100 - whose megacap members get the majority of their revenue from outside the UK - looks very different when adjusted for the depreciation

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Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting a tug-of-war between support and resistance. Submitted by Streetwise: Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for […] The post Gold & Silver: A Tug of War Between Support & Resistance appeared first on Silver Doctors.

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Authored by Peter Korzun via The Strategic Culture Foundation, The significance of Iranian President Hassan Rouhani’s visit to Russia on March 27-28 goes far beyond the bilateral relationship. Iran is one of the main actors in Syria and Iraq. It has an importance place in the geopolitical plans of US President Donald Trump. Its relationship with Russia is an important factor of international politics. The future of the entire Middle East depends to a great extent on what Russia and Iran

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Records of older earthquakes reveal that the coastline dropped up to three feet. “Relatively instantaneously,” Kirby said. “you would see seawater rushing in.”   From Mac Slavo: The earth has a history of violent uprisings, and a furious seismic temper. Better understanding of the patterns revealed in rocks and other records make clear that places […] The post Ancient Quakes Reveal Risk For California: “L.A. Will Sink As Much As 3 Feet” appeared first on Silver Doctors.

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Several “black swans” are looming which could inflict a financial nuclear accident on the U.S. markets and financial system.   I say “black swans” in quotes because a limited audience is aware of these issues – potentially catastrophic problems that are curiously ignored by the mainstream financial media and financial markets. The most immediate problem is […] The post Three Potential “Black Swans” Are Coming – Fund Manager appeared first on Silver Doctors.

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