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 […]
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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:
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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.
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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
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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
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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
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Westword, January 19, 2022, Small Business Spotlight: Conscious Real Estate Combines Selling Houses With Philanthropy Denver’s real estate market is not just hot, it’s ablaze. But sizzling real estate markets often result in scorched neighborhoods from gentrification. In a 2020 report from the National Community Reinvestment Coalition, Denver ranks as the second-most-gentrified city in the nation, just
Fingerlakes1.com, January 19, 2022, Low to moderate income families, people of color excluded from mortgage market The mortgage industry has been in overdrive since the COVID-19 pandemic began in 2020, but low- to moderate-income families and people of color have not benefited from the plummeting interest rates overall. The explosion of refinance lending reinforced historical
Pittsburgh Jewish Chronicle, January 3, 2022, After 20 years, Richard Rattner will relocate William Penn Tavern to Lawrenceville Richard Rattner spends his mornings at William Penn Tavern. Other than the occasional delivery person, he’s often the only one at the bar. Well before Rattner opened the tavern in Shadyside 20 years ago, he was active
The Center for Public Integrity, January 18, 2022, Home lending remains unequal The National Community Reinvestment Coalition, tapping federal data, found that Black and Latino borrowers were still receiving loans to purchase homes in 2020 at lower rates than white borrowers. And the boom in refinancing touched off by falling mortgage rates in 2020 disproportionately benefited homeowners
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Washington Credit Union Daily, January 10, 2022, Consumer Groups To CFPB: Issue Tough Small Business Lending Rule A Consumer Financial Protection Bureau rule to require financial institutions to report data on their lending to minority-owned and women-owned businesses should include as many banks and credit unions as possible, with the information easily accessible to the
WishTV, January 19, 2022, Study links redlining to heart health problems in Black communities There’s a link between historic redlining and heart health in Black communities, according to a newly released study. Mental health experts say redlining has roots in racism, and the impact of systemic racism creates stressors. That stress can often trickle down generation
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