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CNBC: Over 50% of Department Stores in Malls Predicted to Close by 2021, Real Estate Services Firm Says

Department stores still represent about 60% of the anchor space within malls today, according to Green Street Advisors. Green Street is forecasting more than half of the department stores anchoring America’s malls are going to close permanently by the end of next year. 

CNBC: Over 50% of Department Stores in Malls Predicted to Close by 2021, Real Estate Services Firm Says Read More »

Rolling Stone: America Is Living Paycheck to Paycheck – On Purpose

The Trump administration blew $349 billion in small-business pandemic aid in four weeks, less time than it took for me to grow out my quarantine beard. That is nothing to be proud of, but President Trump still took his victory lap on Tuesday, boasting about breaking speed records for loans like it was an Olympic sport.

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Wall Street Journal: Fannie, Freddie Unlikely to Aid Mortgage Companies as Payments Dry Up, FHFA Chief Says

A top U.S. housing-market regulator said he isn’t likely to heed mortgage companies’ calls to help ease the cash-flow crunch they are expecting when Americans who lose their jobs stop making mortgage payments.

Wall Street Journal: Fannie, Freddie Unlikely to Aid Mortgage Companies as Payments Dry Up, FHFA Chief Says Read More »

MarketPlace: Inequality By Design: How Redlining Continues to Shape Our Economy

One thing we know for certain about the COVID-19 crisis is that the pain will not be shared equally. Wealth can determine everything from the quality of healthcare people can access to how well they can ride out a job loss. And inequality is baked into the system.

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The New York Times: The ‘Profoundly Radical’ Message of Earth Day’s First Organizer

One day in the fall of 1969, Denis Hayes, a graduate student at Harvard, snagged a 10-minute meeting with Gaylord Nelson, a United States senator from Wisconsin who had been talking up his idea for a national teach-in about environmentalism.

The New York Times: The ‘Profoundly Radical’ Message of Earth Day’s First Organizer Read More »

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