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☆ Millennials Make the Most of the Housing Market; Renovating Rentals
▼ + stars: | 2024-04-11 | by ( Emily Jensen | ) www.businessinsider.com time to read: +12 min

In a 2022 survey by Apartment List, a quarter of millennials said they expected to rent forever. And housing experts say that when it comes to homeownership, millennials are the most screwed generation. "Millennials have a much different mindset on life in general than the generation before us," Muller told me. But millennials' housing misfortunes go beyond personal spending habits; they entered adulthood at a terrible time for the housing market. At the same time the housing market was soaring out of control during the pandemic, people were spending more time at home.

Persons: Brigette Muller, she'd, Muller, I'm, Franchesca Ramsey, Marco Zamora, millennials, There's, Jim Parrott, Parrott Ryan, Parrott, they've, Caroline Winkler, Winkler, Alexandra Gater, Hattie Kolp, Benjamin Fix, —, Rose Matthes, Matthes, Zamora, messaged, Stardust, she's, Nice, I've, Emily Jensen Organizations: TikTok, Urban, Urban Institute, Urban Outfitters, YouTube, New York, GQ, Street Journal, Fashion Locations: Greenpoint , Brooklyn, Los Angeles, Cincinnati, Washington , DC, reno, Toronto, New York, San Francisco, Denver, Santa Fe, Poplight, Washington ,, Nice, Philadelphia, New, New York City

☆ 1 in 4 New York City Children Now Lives in Poverty
▼ + stars: | 2024-02-21 | by ( Stefanos Chen | ) www.nytimes.com time to read: +2 min

It differs from the U.S. census’s official poverty measure, which only counts cash resources, but the supplemental measure is also widely used by government. In 2022, under the supplemental measure, a family of New York City renters with two children was considered below the poverty line if it made less than about $44,000. Why It Matters: The City’s Economic Recovery Is UnevenThe rise in poverty underscores wide disparities in New York. A major reason for the disparities is the lopsided jobs recovery, said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School. The median household income in New York City is about $75,000.

Persons: Christopher Wimer, “ It’s, Wimer, “ we’re, James Parrott, Parrott, Charles Lutvak, “ Organizations: Poverty, Columbia University, Center, New York City Affairs, New Locations: New York, New York City

☆ Opinion: Alexey Navalny, one man who stood up to a dictatorship
▼ + stars: | 2024-02-18 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “In his courageous and too short life,” wrote Russia scholar Daniel Treisman, “Navalny became a symbol of hope for the younger generations of his compatriots. “He never gave up on the prospect of what he called ‘the beautiful Russia of the future,’” Treisman noted. “For a ‘beautiful Russia of the future’ to emerge in coming years, Putin must lose the war he started. Navalny understood this.”“Navalny’s death represents the extinguishing of all hope for Russia’s turnaround,” wrote Sasha Vasilyuk.

Persons: Aleksandr Solzhenitsyn, Joseph Stalin “, “, ”, you’ve, Alexey Navalny, Vladimir Putin’s, Navalny, fearlessly, Putin, Daniel Treisman, “ Navalny, Navalny’s, ’ ” Treisman, Sasha Vasilyuk, Alexey Navalny’s, Peter Bergen, Andrei Sakharov, ” Putin, Bergen, Nick Anderson, Joe Biden, Donald Trump, Trump, authoritarians, Bill Bramhall, James Mattis, ” Peter Bergen, Frida Ghitis, Fidel Castro’s playbook, Patrick Mahomes, Andy “, Amy Bass, New York Democrat Tom Suozzi, George Santos, ” Suozzi, CNN Suozzi didn’t, Biden, isn’t, Long, Max Burns, ” “, Alejandro Mayorkas, ” “ Suozzi, Burns, Robert Hur’s, Norm Eisen, Richard Painter, Joshua Kolb, Hur, ” Joel Pett, Lawrence C, Levy, Julian Zelizer, Dean Obeidallah, Mark Dent, Dent, Saw, Clay Jones, David Orentlicher, ” Orentlicher, Will Cooper, Fani, Willis, Nathan, Wade, ” “ Willis, Antony Blinken, Batniji, Blinken, Fatah, Hussein, Don’t, David Horsey, Agency Jill Filipovic, Lynda Gorov, Taylor Swift, Jim Parrott, Mark Zandi, Brigid Schulte, Yuliya, Kara Alaimo, Frankie de la, Jackie Robinson’s, Jon Stewart’s, Jon Stewart, Matt Wilson, Jon Stewart skewered Trump, Bill Carter, Stewart, ” “ Stewart Organizations: CNN, IK, Moscow Times, Kremlin, Twitter, Facebook, Soviet, Tribune, Agency, Republican, Senate, Agency Former US Defense, Trump, , Kansas City Chiefs, Chiefs, nab, New, New York Democrat, Democratic, GOP, Joel Osteen’s Lakewood Church, Super Bowl, Kansas, West Bank Locations: Soviet, Germany, Ukraine, Russia, New York, Washington, Georgia, ,, York, Glen Cove, Joel Osteen’s, Houston, Kansas City, America, ”, Kansas, Gaza, San Francisco, Israel, Iran

☆ Opinion: How to solve the nation’s affordable housing crisis
▼ + stars: | 2024-02-12 | by ( Opinion Jim Parrott | Mark Zandi | ) edition.cnn.com time to read: +7 min

Not only has that made mortgages much more expensive, it’s exacerbated the long-standing shortage in housing supply, particularly at the lower-priced part of the market. The market machinery that cranks out housing supply at the bottom of the market has effectively ground to a halt. But falling rates will not solve the underlying structural problems that caused the housing shortfall in the first place. Once rates normalize, housing affordability will simply return to where we were prior to the pandemic, going from dismal to just bad. Lawmakers should complement this support to increase the supply of housing with targeted help for those looking to buy their first home.

Persons: Jim Parrott, Parrott Ryan, Mark Zandi, Jim Parrott Ella Parrott, Mark Zandi Moody's, it’s Organizations: Urban Institute, Moody’s, CNN, National Association of Realtors, Congress

Over the years these cars have gotten bigger and so has their cost to the climate, as carbon dioxide emissions “are almost directly proportional to fuel use” for gas-powered cars. Since then, he has owned several pure-electric cars, and currently owns both a Genesis GV60 electric SUV and a Tesla Model 3. Meanwhile, smaller vehicles, or sedans, have lost a lot of ground in the U.S. market over the past decade. But even the most efficient SUVs will be less efficient than sedans because SUVs weigh so much more. See more about AP’s climate initiative here.

Persons: it's, George Parrott, ”, Parrott, Eric Frehsée, Loren McDonald, ” McDonald, John Organizations: Global, Initiative, International Energy Agency, Transportation, Toyota, Tesla, EV, U.S, Tamaroff, Chevrolet Tahoe, Toyota Sequoia, Nissan, Honda, U.S . Department of Transportation, Environmental Protection Agency, National, Traffic Safety Administration, AP Locations: West Sacramento , California, Sacramento, U.S, Edmunds, Michigan, Press

☆ New York Has Regained Its Lost Jobs. Why Doesn’t It Feel That Way?
▼ + stars: | 2023-10-24 | by ( Stefanos Chen | More About Stefanos Chen | ) www.nytimes.com time to read: +1 min

New York’s job recovery has lagged behind other cities in part because the virus struck the city sooner, and vital industries, like hospitality and retail, remained closed longer and lost more jobs. The positions, mostly in clothing and department stores, paid an average of about $62,000 a year. In the same period, about 66,200 home health aid jobs were added, the most in any industry. Another 34,000 jobs were added in social services positions, which paid an average of $38,000. The third-fastest growing industry was management consulting, which paid an average $198,000, but only added 14,000 jobs to the economy, Dr. Parrott said.

Persons: haven’t, ”, Aaron Judge, “, Jobs, Parrott Organizations: Yankees, State Department of Labor Locations: New Yorker

And 30% say Biden did nothing wrong, according to the poll. House Republicans have launched an impeachment inquiry into Biden, seeking to tie the president to the foreign business dealings of his 53-year-old son. Republicans have been investigating Hunter Biden for years, since his father was vice president. About an additional third in each party say they think Biden at least did something unethical. The same 2019 AP-NORC poll found that 69% of Americans said it was inappropriate for Hunter Biden to serve on the board of a Ukrainian energy company while Joe Biden was vice president.

Persons: Joe Biden, Hunter Biden, unethically, Biden, Hank Gardiner, ”, Gardiner, reelect, Donald Trump, ” Biden, swirled, Trump, “ We’ve, David Parrott, he’s, Parrott, Terry Kilgore, Kilgore, Volodymyr Zelenskyy, “, Shae Rouzan, Rouzan, Oakley Graham, Graham, ’ Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, House Republicans, Republicans, Biden family’s, GOP, Justice Department, U.S . Capitol, Republican, Trump, Democratic, Senate, Ukraine, Biden Locations: U.S, Idaho, Pocatello, Congress, Tennessee, Westlake , Ohio, Ukrainian, Carson , California, Michigan, Greenwood , Missouri

☆ New York City Has Lost Tens of Thousands of Retail Jobs, Report Finds
▼ + stars: | 2023-06-08 | by ( Stefanos Chen | ) www.nytimes.com time to read: +2 min

More than 70 percent of the city’s 301,700 retail jobs are held by Black, Hispanic and Asian workers, a disproportionate share of whom did not finish college. But that amounted to only 4,300 new jobs, Mr. Bowles said. The growth of home health care services has also been sharp, with a gain of 41,700 new jobs, but those positions tend to pay far less than some retail jobs. The working-age population of New York City was down 400,000 people in March and April of 2023, compared to the start of 2020, which hurt retail demand, Dr. Parrott said. To counter the losses in retail, Mr. Bowles said, the city should invest in job training programs that can help retail workers transition to other fields.

Persons: Mr, Bowles, James Parrott, Jobs, Parrott, “ They’re, ” Organizations: Black New Yorkers, Yorkers, City, New York, Center, New York City Affairs, New School, Mr Locations: New York, New New York, New, New York City

☆ She Wrote Frankly About Divorce, and Suffered the Consequences
▼ + stars: | 2023-04-30 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

The “young single woman in the city” genre feels almost as old as cities. Probably someone was wandering around ancient Athens in a fetching tunic with a papyrus scroll detailing how Hermes got handsy. But modern New York is where the genre has reached its apotheosis, from Edith Wharton to Beyoncé and beyond. In this mostly upward and exuberant history, the writer Ursula Parrott has been largely (and sadly) omitted. Their divorce would inspire “Ex-Wife,” the most successful of her 20 books.

☆ The Unemployment Gap Between Black and White New Yorkers Is Widening
▼ + stars: | 2023-04-28 | by ( Stefanos Chen | ) www.nytimes.com time to read: +1 min

The gulf between Black and white unemployment rates in New York City is now the widest it has been this century, exceeding even the largest gap during the Great Recession, according to a new report. The overall unemployment rate among New Yorkers was 5.3 percent. The New York City figures are out of step with the national picture. The nationwide Black unemployment rate was 5.4 percent in the first quarter of the year, and the white unemployment rate was 3.2 percent. The Black and white unemployment rates in New York City have not continuously diverged for at least a year in about 25 years, and it is happening at a time when Black unemployment nationwide is approaching new lows, said James A. Parrott, a co-author of the report and the director of economic and fiscal policy at the center.

☆ Changes are coming to some mortgage fees next month
▼ + stars: | 2023-04-26 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

Broadly, the fees will go down for many with lower credit scores and will increase for many with higher credit scores. But that doesn’t mean people with lower credit scores will pay less than those with higher credit scores. The changes mean that people with higher credit scores will still pay less based on lower risk to the lenders, but having a lower credit score will now come with less of a penalty. For those with higher credit scores, more price tiers have been put in place, which in some cases may increases fees. The difference in assessed fees is about $4,000 more for a buyer with a 640 credit score than for a buyer with a 740 credit score, based on a $300,000 mortgage.

☆ The U.S. Built a European-Style Welfare State. It’s Largely Over.
▼ + stars: | 2023-04-06 | by ( Claire Cain Miller | Alicia Parlapiano | ) www.nytimes.com time to read: +14 min

expansion Child care provider grants Food assistance ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Free school meals Through Sept. 2026 Remote WIC services Paused work requirement No expiration Meals outside of school No expiration Food benefit increase WIC increase Health care ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Medicaid continuity Through Dec. 2025 A.C.A. subsidies Subsidized COBRA Housing ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure ban Eviction ban Through Sept. 2025 Rental aid Through Sept. 2030 Housing vouchers Unemployment ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Self-employed qualify Relaxed rules Extended duration Extra $600/week Extra $300-$400/week Extra for self-employed Extra $300/week Note: The selection of programs is not comprehensive, but it represents those with the highest costs or those affecting the most people. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Gave all households maximum Free school meals For all children Remote WIC services Waived need to appear in person Through Sept. 2026 Paused work requirement For adults without kids Meals outside of school Summer meals made permanent No expiration Increase in max. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure moratorium For federally backed mortgages Eviction moratorium Rental assistance New emergency program Through Sept. 2025 Housing vouchers Additional funding Through Sept. 2030 Note: While funding for emergency housing vouchers is available through September 2030, vouchers cannot be issued to new households after September of this year. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Benefits for self-employed Including gig workers Relaxed rules Work searching not required Extra weeks of benefits Up to 53 additional Extra $600 per week Extra $300-$400 per week Depending on the state Extra for self-employed $100 more per week Extra $300 per weekAnother is support for families with young children.

☆ Multiple killed and injured after tornado slices through southeastern Missouri
▼ + stars: | 2023-04-05 | by ( David K. Li | Kathryn Prociv | ) www.cnbc.com time to read: +3 min

The tornado caused widespread destruction and killed and injured multiple people. A "significant" tornado tore through southeastern Missouri on Wednesday morning, leaving multiple people dead and widespread destruction as authorities warned of more twisters. Mike Parson posted an aerial picture of the devastation in Bollinger County, saying that "fatalities have been confirmed and others have been injured." There are at least "four weather-related deaths" in or around Bollinger County, Highway Patrol Sgt. The highway patrol has urged people to avoid the area as first responders work to find injured.

April 5 (Reuters) - Five people were killed in a predawn tornado that ripped through southeastern Missouri on Wednesday, shearing off roofs, splintering trees and taking down power lines in devastated Bollinger County, officials said. First responders from multiple agencies combed through destroyed homes and businesses in the rural area that Missouri Governor Mike Parson said faces "a long journey ahead" toward recovery. Five people were also injured and 87 structures damaged with 12 of those buildings destroyed, said Eric Olson, superintendent of the Missouri State Highway Patrol. "It's just heartbreaking to see people's homes missing roofs and their homes gone," Missouri State Patrol Highway Sergeant Clark Parrott told Reuters said after surveying the damage. A week before, a tornado devastated the Mississippi Delta town of Rolling Fork, killing 26 people.

Rep. David Trone is running against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. The 6th District is located in the western region of the state. Democratic Rep. David Trone once again faces off against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. 2022 General EmbedsMaryland's 6th Congressional District candidatesTrone, first elected in 2018, serves on the House Appropriations and Veterans' Affairs Committees and the Joint Economic Committee. Voting history for Maryland's 6th Congressional DistrictMaryland's 6th Congressional District covers all of Frederick County.

☆ Democratic Rep. David Trone faces off against Republican state Del. Neil Parrott in Maryland's 6th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. David Trone is running against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. The 6th District is located in the western region of the state. Maryland's 6th Congressional District candidatesTrone, first elected in 2018, serves on the House Appropriations and Veterans' Affairs Committees and the Joint Economic Committee. Voting history for Maryland's 6th Congressional DistrictMaryland's 6th Congressional District covers all of Frederick County. The money raceAccording to OpenSecrets, Trone has raised $13 million, spent $8.2 million, and has $4.9 million on hand, as of October 19.

☆ Democrats want to bring back Biden's child tax credit soon — and a new report shows it was a huge success in fighting child poverty
▼ + stars: | 2022-09-14 | by ( Joseph Zeballos-Roig | Madison Hoff | Jason Lalljee | ) www.businessinsider.com time to read: +5 min

The expanded child tax credit helped slash child poverty by roughly half, and some Dems want to bring it back. "This was a historic achievement to reduce child poverty by a record amount driven by the expansion of the child tax credit." He added that given the expanded child tax credit has expired, "the challenge now is for the Congress to extend it." Some Democrats want to bring back the expanded child tax creditThe enhanced child tax credit provided up to $300 monthly checks per kid to parents for six months. Without measures like the expanded child tax credit, poverty likely increased in 2022.

☆ INTERVIU EXCLUSIV cu Patricia Kopatchinskaja, violonista care a luat un Grammy
▼ + stars: | 2018-02-02 | by ( ) www.jurnal.md time to read: +5 min

Patricia Kopatchinskaja, sau PatKop, cum îi spun cei care nu-i pot pronunţa numele, e una dintre cele mai de succes violoniste ale momentului. Luni, am contactat-o şi noi pe Patricia Kopatchinskaja pentru a o întreba ce sentimente o încearcă, mai ales că vestea victoriei ei a făcut înconjurul lumii. Pentru noi, cel mai important a fost să găsim limbaj comun, să alegem coloritul muzical pentru a crea o muzică însufleţită, diferită de perfecţiunea discurilor obişnuite. Moldoveancă în sufletPatricia Kopatchinskaja a plecat din Republica Moldova, împreună cu părinţii şi cu sora ei, la vârsta de 13 ani. S-au stabilit în Austria, la Viena, oraş al muzicii lui Mozart şi al valsului lui Strauss, unde Patricia a studiat vioara şi compoziţia cu profesori extraordinar de buni.

Persons: Patricia Kopatchinskaja, Lukas Fierz, Alice - Linda, Victor, Emilia, basarabeanca, Saint Paul, Kyu Kim, Bruce Coppock, John Newton, Didier Martin, Jasper Parrott, Levy, Le, Luni, Schubert, Moldoveancă, Mozart, Strauss, Patricia, Dumnezeu, Nina TOFAN Organizations: Alpha, Facebook, Gala Locations: Moldova, Republica Moldova, Viena, Berna, Elveția, Saint, SUA, Statul Minnesota, Chişinău, New York, Elveţia, Austria

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