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The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington.

But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers.

"There really are serious issues in the first-time-buyer market," Eric Belsky, managing director of Harvard's Joint Center of Housing Studies, told the National Association of Realtors on Thursday.

He estimates that nearly 3 million more young adults are living with their parents compared with 2007 — before the Great Recession had settled in.

Many would like to strike out on their own now, "but their incomes just aren't high enough to make it work," Belsky said. "You have a very stressed group in their 20s."

Lawrence Yun, chief economist of the National Association of Realtors, said the trade group is expecting "steady improvement" for the housing market through 2015, but agreed that for many would-be buyers — particularly younger ones — getting a mortgage "is still tough."

One decade ago, the homeownership rate for young adults under age 35 was 43.6 percent. Today, the rate is just over 36 percent, according to U.S. Census data.

For a cake the Germans call "the king of cakes" and the Japanese call "the ultimate wedding cake," the baumkuchen doesn't really look like a cake or behave like one. But it more than makes up for its oddities with rich flavor, history and symbolism.

It resembles a hollowed cross-section of a craggy tree trunk, or a planet's rings, depending on how you make it. It can have up to 21 delicate, sugary stratums, which give it a light yet chewy texture.

The crowning quality of this specialty cake is the unusual method of preparation. To make the nearly paper-thin layers, a baker coats a spit with sponge cake batter, mounts it over a heat source — originally an open fire, today in a specialized oven — and bakes it rotisserie-style, rotating the spit slowly until the first layer is baked. This process is repeated 12 to 20 more times until the spit forms the cylindrical core of the cake. Once cool, the cake is sliced into rings and slid off the spit.

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The Federal Communications Commission announced last month that it would propose new rules. In a blog post, Chairman Tom Wheeler insists that the open Internet rules will help maintain what's called network neutrality. That is, making certain that your Internet provider doesn't give a faster connection to a service that can pay more.

"If I'm a church or a university, I can put my content online, when it travels to my users it will get the same treatment that, you know, CNN's content will get or the content of The New York Times," says Barbara van Schewick, the director of the Center for Internet and Society at Stanford Law School.

FCC Chairman Wheeler says he is dedicated to making certain everyone's content gets to consumers without interruption; but an initial version of the proposed rules suggested it might be OK for Internet service providers like Comcast to charge a content producer like CNN extra if it wanted to reach viewers faster.

"Once you start speeding somebody up, you're effectively slowing everybody else down," says Craig Aaron, head of Free Press, a consumer advocacy organization. He notes that it would currently cost the next Mark Zuckerberg about $50 a month for a broadband connection to start Facebook from a dorm room. But if Google wanted to get its own social media service to you faster, it has the deep pockets to step in front of the next Zuckerberg.

"Startups, innovators, people with something important to say, they are never going to get a chance to ride in that fast lane," Aaron says. "They're not going to be able to afford to do it, and that's going to put them at a tremendous disadvantage."

Word that Wheeler might allow companies to pay for faster service drew protest letters from major tech outfits such as Google, Facebook, Yahoo and eBay, and from major investors and venture capitalists.

It also brought protesters like Rain Burroughs to the FCC's front door.

"We have a lot of people driving by, honking their support," she says. "It's not a hard sell. We all want an open Internet."

Wheeler says he wants that, too. But a series of court decisions struck down previous FCC attempts to mandate network neutrality, saying that the agency was exceeding its authority.

However, Kevin Werbach, a professor at Wharton School of Business, says the most recent court decision, in January, ruled that the FCC did have the authority to regulate broadband; it was just going about it the wrong way.

"What the court said is, they had to allow for some degree of negotiation between the two parties, which might result in different agreements in different cases out of those negotiations," Werbach says.

Few people have actually seen what Wheeler is proposing. But the mere suggestion that he might allow companies to negotiate faster service prompted the firestorm of protests. And those protests may have changed the proposal that Wheeler is putting on the table.

It may include an option that public interest advocates like. It would reclassify broadband as a communications service — like the telephone, which the FCC already strictly regulates.

Craig Aaron of Free Press says that falls under what's known as Title II of the Communications Act. "What Title II would provide is the FCC clear legal standing — the ability to make rules that would actually hold up in court and a lot of leeway," Aaron says.

It would also produce even more resistance from Internet service providers like Comcast, Verizon and AT&T, and also from many members of Congress, who all say too much regulation would discourage further investment in the Internet.

The FCC will vote Thursday to unveil its proposed rules and begin the process of debate. There will be two months for comment and then another two months for study and revision. It's likely to be a long, hot summer at the FCC.

The race between Rep. Mike Honda and Ro Khanna, two California Democrats vying to represent a Silicon Valley-based congressional district, is a classic example of a generational contest — a youthful challenger claiming to represent the future taking on a popular longtime incumbent.

Taking place as it does in the nation's high-tech mecca — a place that puts a premium on youth — the contest pitting the 72-year-old Honda against Khanna, a 37-year-old intellectual property lawyer, is naturally framed as a contest between the past and the future.

On the big issues like same-sex marriage, abortion, the Affordable Care Act and Social Security, there's not much difference between Honda and Khanna. Style is where they differ.

Honda, in his seventh term, is the unabashed progressive. Shaped like a fire hydrant and soft-spoken for a politician, he's a former school principal and local pol who describes himself, among other things, as a "voice for the voiceless."

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