Charles Munger, a prominent figure in the financial industry, recently voiced his worries about the possibility of a commercial real estate market crash. Despite noting that the situation is not as dire as the 2008 financial crisis, Munger emphasized that the troubles affecting banking can extend to other sectors. In particular, he highlighted the challenges faced by various types of real estate properties, such as office buildings, shopping centers, and other troubled assets.

Munger’s remarks shed light on the current state of commercial real estate and the potential risks it faces. While the situation may not be on par with the 2008 crisis, it serves as a reminder that even the real estate sector is not immune to economic downturns.

You may find details in:

https://www.theepochtimes.com/analysis-will-commercial-real-estate-be-the-next-market-to-crash_5239467.html?welcomeuser=1

As U.S. midterm elections approach, immigration remains one of the country’s most contentious political issues, mostly concerning the number of people trying to enter the U.S. at the southwestern border.

https://www.voanews.com/a/ahead-of-us-midterms-how-has-us-immigration-policy-changed/6757483.html

U.S. District Judge Andrew Hanen said the Deferred Action for Childhood Arrivals (DACA) program can continue temporarily after a federal appeals court ruled the policy unlawful.

https://www.boundless.com/blog/federal-judge-allows-daca-to-continue-temporarily/

The ABA is officially recommending the elimination of the standardized test requirement for admission to law school, in accordence with the memorandum regarding revisions on Standards 501 and 503. Many of the conservative lawyers and scholars believe ABA has stepped out of its line. To see the Memorandum, you may visit:

https://www.americanbar.org/content/dam/aba/administrative/legal_education_and_admissions_to_the_bar/council_reports_and_resolutions/may22/22-may-memo-revisions-501-503.pdf .

Elon Musk clinched a deal to buy Twitter Inc for $44 billion dollars. Musk calls himself a free speech absolutist and criticizes Twitters free speech policy, and he is willing to change that policy based on his point of view. For further information, you may visit:

https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/

Massachusetts state supreme court came into a conclusion that the restaurants could not recover for lost revenue with stating the COVID-19 pandemic as reason because those kind of losses cannot be associated since it does not match up with the meaning of “direct physical loss of or damage to property” within the terms of the policies. For further information, you may visit:

https://www.reuters.com/legal/government/first-massachusetts-top-court-rejects-insurance-covid-business-losses-2022-04-21/