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Search resuls for: "moratoriums"


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☆ One millionaire landlord was behind half of Milwaukee's evictions during Covid lockdowns last June. Here's the story of how corporate landlords helped drive the evictions crisis
  + stars: | 2021-03-26 | by ( Abigail Higgins | ) www.businessinsider.com   time to read: +23 min
Corporate landlords in cities like Milwaukee helped drive an evictions crisis during the pandemic. Corporate landlords, which own almost 50% of rental properties, are more likely to evict, advocates say. Before the 2008 recession, corporate landlords owned 20% of rental properties; today, it's nearing a whopping 50%. Since the Center for Disease Control's evictions moratorium took effect last September, evictions by corporate landlords have actually been steadily increasing. There is no national database of evictions, and evictions are only tracked at the level of the country's more than 3,000 counties.
☆ Many stimulus programs are due to expire at the end of 2020, threatening the US economy during the COVID-19 pandemic's most challenging phase
  + stars: | 2020-11-22 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +7 min
On November 19, Mnuchin expressed his desire to have $580 billion in unspent stimulus funds redirected to small businesses and to extend unemployment benefits. This economic relief program extended traditional unemployment benefits from the standard 26 weeks to 39 weeks. Self-employed and gig economy workers can collect state unemployment benefits through December 31, but that will also expire under the CARES Act. At the end of July, the Federal Pandemic Unemployment Compensation, or FPUC, expired, which provided a federally funded $600 weekly supplemental boost to state unemployment payments. AdvertisementThe coronavirus pandemic has deeply impacted funding for first-responders, teachers, firemen, and police officers, the very people who have been on the front lines.
Persons: —, Nancy Pelosi, Mitch McConnell, gridlock, Steven Mnuchin, Pelosi, McConnell, Mnuchin, Donald Trump, Joe Biden, Paul Sakuma, Stout, Biden Organizations: Service, Relief, Economic, Business, Representatives, Democratic, Johns Hopkins University, Century Foundation, Survey, The New York Times, New Locations: Federal, coronavirus, State, New York City
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