NCRC

Washington Examiner, February 1, 2022, Biden Fed nominee faces grilling over reparations and police reform The battle over a Biden Federal Reserve nominee is escalating as Republicans prepare to grill her over her outspoken political advocacy, including her political support for reparations and policing reform, and Democrats accuse her critics of bias. Lisa Cook, a professor of […]

The New York Times, January 31, 2022, The Rush for a Slice of Paradise in Puerto Rico Many Puerto Ricans say they can no longer afford to remain in their homes with outside investors buying up properties and driving up prices. These are boom times for investors flocking to idyllic towns all over Puerto Rico,

CBS News, January 31, 2022, “Nobody wins. Everyone suffers”: High cost of child care strains families The soaring cost of child care is one of the most pressing issues facing families nationwide. The annual cost of child care rivals the cost of a college education in many states, according to a recent analysis from the

Bloomberg, January 28, 2022, U.S. Employment Costs Climb by a Solid 1% After Record Third-Quarter Gain U.S. employment costs rose at a robust pace for a second-straight quarter, wrapping up the strongest year of labor inflation in two decades as businesses competed for a limited supply of workers.

Poltico, January 31, 2o22, The surprising split over Biden’s Fed nominees President Joe Biden’s pick to be the Federal Reserve’s top Wall Street cop is dividing Big Banks and Big Oil. Sarah Bloom Raskin, who served as a Fed governor and as deputy Treasury secretary during the Obama administration, is well-known to financial institutions and

The Washington Post, January 30, 2022, Rents are up more than 30 percent in some cities, forcing millions to find another place to live Rental prices across the country have been rising for months, but lately the increases have been sharper and more widespread, forcing millions of Americans to reassess their living situations.

The New York Times, January 29, 2022, Facing a Ban, a School District Fights to Keep ‘Indian’ Nickname In June, after months of contested school board elections and combative monthly meetings, the school board voted to retire the name. But a month later, it voted to reverse the decision. All the efforts could be moot:

The Washington Post, January 21, 2022, After decades, Biden plans to make mobile homes greener, sparking a fierce debate. Spurred by a court order, the Biden administration is proposing long-awaited updates to energy-efficiency standards for manufactured homes that it projects will save mobile-home owners thousands of dollars and prevent millions of tons of greenhouse gas emissions from

The New York Times, January 28, 2022, Wonking Out: Are We in Another Housing Bubble? Do you remember the housing bubble? OK, if you’re 35 or younger, probably not — you were a teenager at the most when the bubble burst. But it was a huge deal at the time, and a very strange one.

Gothamist: January 27, 2022, Private Management Of Public Housing Led To Erosion Of Tenants’ Rights, Report Finds Five years after the New York City Housing Authority turned over thousands of public housing apartments to for-profit operators, tenants living in the privately-run developments in Queens and the Bronx were evicted at an average rate that was

Reuters, January 27, 2022, Apple to turn iPhones into payment terminals, rival Square – Bloomberg Apple Inc (AAPL.O) is planning a new service that will allow small businesses to accept payments directly on their iPhones without connecting any extra hardware such as Block Inc’s (SQ.N) Square terminals, Bloomberg News reported on Wednesday. The new feature turns the iPhone itself

The New York Times, January 27, 2022, How Crypto Became the New Subprime If the stock market isn’t the economy — which it isn’t — then cryptocurrencies like Bitcoin really, really aren’t the economy. Still, crypto has become a pretty big asset class (and yielded huge capital gains to many buyers); by last fall the

NPR, January 14, 2022, DC launches pilot program to give cash to new parents and pregnant people DC Mayor Muriel Bowser announced Thursday that the city is putting $1.5 million towards a pilot program to provide direct cash payments to 132 low-income new parents and pregnant people in wards 5, 7, and 8, offering each