Latest news with #Stinson
Business Times
6 days ago
- Business
- Business Times
RBA finds foreign students add to Australia's housing demand
[SYDNEY] International students in Australia exert more pressure on demand in the economy, including in the housing market, rather than adding to supply, according to a new Reserve Bank of Australia (RBA) analysis. 'In the housing market, supply is constrained in the near term, so changes in the number of international students in Australia could impact market outcomes, in the same way changes in the population more broadly could,' the RBA's Madeleine McCowage, Harry Stinson and Matthew Fink said in a research paper published on Thursday (Jul 24). The authors pointed out that higher demand for housing could also spur more dwelling investment over time. One area where higher numbers have already generated a supply response is in purpose-built student accommodation, with rapid growth in building approvals in recent years, the analysis showed. Traditionally, immigration is estimated to add to both demand and supply reasonably evenly, suggesting they cancel each other out in terms of economic impact. The research comes as Australia's centre-left government has tightened visa rules for foreign students, in response to a once-in-a-generation housing affordability crisis. In the aftermath of Covid, international students accounted for around half of Australia's net overseas migration, with their numbers soaring to 560,000 by the end of 2023, from just under 300,000 in 2022. The RBA's analysis showed that student visa grants have fallen since mid-2023, though their numbers onshore remain near record highs with arrivals exceeding departures. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Spending by overseas students as they set up a home in a new country was also an important contributor to growth in consumer demand and prices following the pandemic, according to McCowage, Stinson and Fink. Education is currently Australia's fourth-largest category of exports, worth approximately A$50 billion (S$42 billion) in 2023 to 2024. The Bank of Canada, in 2024, came to a similar conclusion in its analysis for the effect of 'newcomers' on the Canadian economy. The central bank found that newcomers affect demand sooner than supply and that this unevenness contributes to inflationary pressures in some sectors, in particular, on house prices and rents. McCowage and Stinson are from the RBA's Economic Analysis Department and Fink is from Economic Research Department. BLOOMBERG
American Military News
20-06-2025
- Politics
- American Military News
Fmr. Coast Guard lieutenant threatened to kill Trump, FBI says
A former U.S. Coast Guard lieutenant who has identified himself as a member of Antifa was arrested on Monday and charged for allegedly threatening to kill President Donald Trump. According to Fox News, charges have been filed against former Lieutenant Peter Stinson, a Virginia resident who served in the Coast Guard from 1988 to 2021. The outlet noted that Stinson was also a sharpshooter and a Federal Emergency Management Agency (FEMA) instructor. In the court documents obtained by Fox News, a Federal Bureau of Investigation (FBI) task force officer claimed that Stinson allegedly threatened on May 9 that Trump needed to be '[L]uigied,' in an apparent reference to Luigi Mangione, who allegedly assassinated United Healthcare CEO Brian Thompson in December. According to court documents, Stinson allegedly posted violent threats against Trump on multiple social media platforms. The former Coast Guard lieutenant's threats included guns, knives, and poisoning against the 47th president. Court documents claim that Stinson issued a threat against Trump in April of 2020 in response to a social media user who tweeted, 'Somebody ought sue [Trump's] a– off.' Stinson allegedly answered the social media user, saying, 'Somebody ought to do more than sue the orange mf's a–.' Stinson allegedly added, 'It involves a rifle and a scope, but I can't talk about it here.' READ MORE: Pic: Assassination suspect arrested after 'largest manhunt' in Minnesota's history According to the court documents, Stinson allegedly issued another threatening statement on social media, saying, 'I'd be willing to pitch in $100 for a contract. Who wants to join me? We could solve the solvable part of this problem in a crack. Then, we can focus on the coronavirus itself.' The court documents also claim that Stinson referenced '8647' multiple times in his alleged threats against Trump. Officials claim that Stinson's use of '8647' is 'likely in reference to an Instagram post made by former FBI Director James Comey.' 'The post by Comey was interpreted in the news media as a violent threat to President Trump and prompted an investigation by the Department of Homeland Security and the United States Secret Service,' court documents state. 'STINSON has since made 13 additional posts on Bluesky including the text, '8647'.' According to the court documents, Stinson's most recent threatening post was shared on June 11 on BlueSky when he allegedly wrote, 'When he dies, the party is going to be yuge.' In addition to Stinson's alleged threats against the 47th president, court documents claim that the former Coast Guard lieutenant has 'self-identified as a member of ANTIFA' and issued a February statement on social media, saying, 'Sure. This is war. Sides will be drawn. Antifa always wins in the end. Violence is inherently necessary.' According to Fox News, Stinson has been charged with threatening to kill Trump and is currently expected to appear in federal court on Wednesday.
New York Post
17-06-2025
- Politics
- New York Post
Former Coast Guard officer arrested after allegedly threatening to assassinate Trump: FBI
A former Coast Guard lieutenant was recently arrested for allegedly making threats to kill President Donald Trump, according to court documents obtained by Fox News. The suspect, Virginia resident Peter Stinson, served as an officer in the United States Coast Guard from 1988 to 2021. He was a sharpshooter as well as a FEMA instructor during that time. Advertisement In an affidavit filed on Friday, a task force officer from the Federal Bureau of Investigation (FBI) revealed details about the myriad of online threats that Stinson allegedly made. In one instance, Stinson reportedly wrote that Trump needed to be '[L]uigied,' on May 9. The post was a reference to Luigi Mangione, who is accused of killing United Healthcare CEO Brian Thompson last year. Stinson allegedly made graphic threats against Trump involving guns, poisoning and even knives on multiple social media platforms. Stinson also allegedly referenced 'not having the necessary skills,' to successfully complete an assassination, but also eerily suggested that he wasn't being entirely truthful. Advertisement The document also alleges that Stinson made several references to 8647, which government officials say 'is likely in reference to an Instagram post made by former FBI Director James Comey.' Coast Guard veteran Peter Stinson was arrested for allegedly threatening to kill President Trump, according to the FBI. Getty Images 'The post by Comey was interpreted in the news media as a violent threat to President Trump and prompted an investigation by the Department of Homeland Security and the United States Secret Service. STINSON has since made 13 additional posts on Bluesky including the text, '8647',' the document states. The affidavit also alleges that Stinson 'has self-identified as a member of ANTIFA.' Advertisement Start and end your day informed with our newsletters Morning Report and Evening Update: Your source for today's top stories Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters On Feb. 2, Stinson allegedly posted on his X account, 'Sure. This is war. Sides will be drawn. Antifa always wins in the end. Violence is inherently necessary.' The most recent post referenced in the document was published on BlueSky on June 11, when Stinson allegedly wrote, 'When he dies, the party is going to be yuge.' Advertisement Stinson was charged with making threats to kill the president and is slated to make an initial appearance in federal court on Wednesday. Fox News Digital's Brooke Curto contributed to this report.
17-06-2025
- Politics
Former Coast Guard lieutenant arrested and charged with threats to kill President Trump
A former Coast Guard lieutenant who received awards for skills in sharpshooting was arrested Monday for allegedly leveling a series of violent death threats towards President Donald Trump, according to newly unsealed court records. Peter Stinson, a resident of Oakton, Virginia, served as an officer in the U.S. Coast Guard until 2021 and also worked as an instructor for FEMA's Incident Command Systems, according to his criminal complaint. Prosecutors say he was also a self-identified member of the Antifa movement and used his X and Bluesky accounts to transmit multiple threatening posts targeting Trump from 2020 through this year. For instance, in April of 2020 prosecutors say Stinson responded to a post from an X user saying "somebody ought sue [Trump's] a** off" by saying, "somebody ought to do more than sue the orange mf's a**" before adding, "it involves a rifle and a scope, but I can't talk about it here." "I'd be willing to pitch in $100 for a contract. Who wants to join me?" Stinson said. "We could solve the solvable part of this problem in a crack. Then, we can focus on the coronavirus itself." The complaint cites numerous other examples of Stinson replying to users with threatening language, suggesting he would "pull the trigger" to get rid of Trump or would be the "driver" if someone else were willing to assassinate him. Stinson's posts allegedly continued through the 2024 election cycle, and after the Butler assassination attempt on Trump, he wrote the following messages: "Most of us are not capable. As noted before, I'm not a good enough shot. Very few people are. Somebody needs to learn this lesson... You want to play in the big leagues, you need the talent. Luck is not a plan... Execution is critical." Stinson has not entered a plea to the charges and was ordered detained by a magistrate judge today in Virginia pending a detention hearing Wednesday.
USA Today
16-06-2025
- Sport
- USA Today
MSU target, 3-star WR Xavier Stinson commits to UCLA following official visit
MSU target, 3-star WR Xavier Stinson commits to UCLA following official visit A Michigan State football targeted wide receiver prospect is heading to another Big Ten school. Xavier Stinson of Vero Beach, Fla. announced his commitment to UCLA on Monday. Stinson made his commitment known via a post on his social media X account. Stinson is a three-star prospect with a recruiting rating of 87 on 247Sports. He ranks as the No. 118 wide receiver prospect in 247Sports' rankings for the 2026 class. Stinson was scheduled to visit Michigan State this upcoming weekend. His commitment to the Bruins comes after he took an official visit to UCLA this past weekend. He was also strongly considering NC State, and held notable offers from Indiana, Arkansas, Memphis, Pitt, UCF, Vanderbilt and West Virginia. Michigan State is trending in the right direction for another three-star wide receiver prospect in Zachary Washington. So this commitment from Stinson could be related to that move or a number of the other wide receiver prospects Michigan State is currently pursuing. It also could simply be the Bruins beating out the Spartans for this prospect. Contact/Follow us @The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Robert Bondy on X @RobertBondy5.
