San Francisco, CA
Yellen to host Chinese vice premier for talks in San Francisco before APEC summit
U.S. Treasury Secretary Janet Yellen will host Chinese Vice Premier He Lifeng for two days of talks this week, the latest in a series of high-level talks between U.S. and Chinese officials as the world’s two largest economies aim to ease tensions, the Treasury Department announced Monday.
The Yellen-He talks set for Thursday and Friday come ahead of the start of the Asia-Pacific Economic Cooperation summit in San Francisco which starts November 11. President Joe Biden and Chinese President Xi Jinping are expected to meet next week during the summit, what would be the first engagement between the two leaders in nearly a year.
“As a foundation, our two nations have an obligation to establish resilient lines of open communication and to prevent our disagreements from spiraling into conflict,” Yellen wrote in a Washington Post op-ed to spotlight the upcoming meeting. “But we also know that our relationship cannot be circumscribed to crisis management.”
The meeting between the two senior government officials comes after Biden spoke with Chinese Foreign Minister Wang Yi at the White House for about an hour late last month, when Beijing’s top diplomat came to Washington for talks with U.S. Secretary of State Antony Blinken and White House national security adviser Jake Sullivan. Xi similarly met with Blinken in June when the secretary of State traveled to Beijing for talks with Wang.
Yellen last met with her counterpart He during a July visit to Beijing, when she urged Chinese government officials for cooperation on climate change and other global challenges and not to let sharp disagreements about trade and other irritants derail relations.
China’s Foreign Ministry said that He, who is the government’s lead person on U.S.-China economic and trade issues, would visit the U.S. from Nov. 8-12.
Yellen is expected to amplify the message on climate during her talks with He in San Francisco. Treasury in a statement said that Yellen will also underscore that the Biden administration “will take targeted action to advance our national security and that of our allies, and protect human rights, but we do not use these tools to seek economic advantage.”
Tensions between the two countries remain high, including over U.S. export controls on advanced technology. The Biden administration has also taken Beijing to task for economic practices that it says have put U.S. companies and workers at a disadvantage.
The U.S. has also criticized China’s lending practices under its $1 trillion Belt and Road Initiative, a network of projects and maritime lanes that snake around large portions of the world, primarily Asia and Africa. Critics, including the Biden administration, say China’s projects often create massive debt and expose nations to undue influence by Beijing.
Yellen in her op-ed wrote she would raise during the meetings the administration’s “serious concerns with Beijing’s unfair economic practices, including its large-scale use of non-market tools, its barriers to market access and its coercive actions against U.S. firms in China.”
The U.S. has also repeatedly raised concerns about China’s assertive actions in the East and South China seas.
The U.S. military last month released a video of a Chinese fighter jet flying within 10 feet (three meters) of an American B-52 bomber over the South China Sea, nearly causing an accident. Earlier in October, the Pentagon released footage of some of the more than 180 intercepts of U.S. warplanes by Chinese aircraft that occurred in the last two years, part of a trend U.S. military officials call concerning.
The U.S. also has renewed a warning that it would defend the Philippines in case of an armed attack under a security pact, after Chinese ships blocked and collided with two Philippine vessels off a contested shoal in the South China Sea.
Beijing has released its own video of close encounters in the region, including what it described as footage of the USS Ralph Johnson making a sharp turn and crossing in front of the bow of a Chinese navy ship. The U.S. destroyer also was captured sailing between two Chinese ships.
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San Francisco, CA
Dolphins keep playoff hopes alive with 29-17 win over 49ers, who were eliminated Sunday afternoon
MIAMI GARDENS, Fla. — – Tua Tagovailoa threw for 215 yards and a touchdown, Jason Sanders nailed five field goals, and the Miami Dolphins kept their playoff chances alive by beating the San Francisco 49ers 29-17 on Sunday.
The 49ers were eliminated from the playoffs before the game because of wins by the Los Angeles Rams and Washington Commanders earlier Sunday. The loss ensured that last year’s NFC champions will have a losing season for the first time since 2020.
The Dolphins (7-8) helped their chances of making the playoffs for a third straight season, but will need to win their final two games and get help from losses by the Broncos, Chargers and Colts for that to happen.
Trailing by nine early in the fourth, San Francisco quarterback Brock Purdy found tight end Eric Saubert for a 2-yard score that cut the lead to 19-17, but the Niners couldn’t get past self-inflicted wounds.
After punting the ball back to Miami with 6:45 left, San Francisco was hit with consecutive penalties for illegal substitution, unnecessary roughness and offsides to give Miami 25 yards, helping set up Sanders’ 48-yard field goal that stretched the Dolphins’ lead to five.
The 49ers were penalized 11 times for 90 yards.
Cornerback Kader Kohou then intercepted Purdy on the next drive, after the quarterback was pressured by defensive tackle Calais Campbell. Dolphins running back De’Von Achane sealed it with a 50-yard touchdown run.
Tagovailoa finished 22 of 34. Purdy was 26 of 40 for 313 yards and two touchdowns.
Tyreek Hill’s inconsistent season continued. He caught just 3 of 7 targets for 29 yards and a touchdown, with drops on the first two drives of the game and another on a potential touchdown in the third.
Jonnu Smith caught six passes for 62 yards to set the Dolphins’ single-season franchise record for receptions (76) and receiving yards (802) by a tight end.
Sanders was 5 of 5, including a 54-yarder, which made him 11 of 13 on field goals of 50-plus yards this year. San Francisco’s Jake Moody missed a 41-yarder in the third.
Deebo Samuel caught his first touchdown since Week 6 on a 16-yard score in which he muscled through several defenders on his way into the end zone.
Miami moved into 49ers territory three times in the first half but settled for field goals before Hill’s 3-yard touchdown catch from Tagovailoa that put the Dolphins ahead with 3:20 left in the second.
Purdy then drove San Francisco 67 yards down the field to set up Moody’s 21-yard field goal to cut Miami’s lead to 13-10 at halftime.
Injuries
49ers: LB Dre Greenlaw (right calf), LG Aaron banks (knee) and LT Jaylon Moore (quad) left with injuries. … DE Leonard Floyd played through a shoulder injury suffered in the first quarter.
Dolphins: WR Jaylen Waddle did not play because of a knee injury suffered last week. … CB Kendall Fuller (knee) and LB Jordyn Brookes (quad/knee) left in the second half.
Up next
49ers: Host Detroit on Monday Dec. 30.
Dolphins: At Cleveland next Sunday.
——
AP NFL: https://apnews.com/hub/nflbr/]
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San Francisco is the only major U.S. city where it’s cheaper to buy a home now than it was five years ago, according to data from real estate listing site Zillow.
Of the 100 largest U.S. cities by population, San Francisco is the single example that saw home values fall between November 2019 and November 2024, based on what the company calls the “Zillow price index.”
The city saw the typical home price decline by 3.7% during that period. All other cities saw prices increase. Across the Bay, Oakland had the smallest increase, with the average home value rising 2.1%. Among other major U.S. cities, prices rose 37.58% in Los Angeles; 38.34% in Austin, and 69.26% in Miami.
Cheaper is one thing. But cheap? That’s a different story.
According to Zillow, the typical home value in San Francisco in November 2024 was $1.26 million, versus $1.31 million five years ago. In 2019, San Francisco had by far the highest typical home price across all major cities, coming in more than 30% over second-place San Jose.
In 2024, San Francisco was one of four cities, all in California, with typical home prices over $1 million.
Kara Ng, a senior economist at Zillow, said San Francisco was an outlier in the first place.
“Five years ago, San Francisco was far and away the most expensive city to buy a home in the U.S.,” Ng said, adding that the pandemic fueled the ability for a highly paid but price-constrained workforce to flock to more affordable areas.
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