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More specifically, they're taking aim at a widespread rule that requires almost every new apartment building in the US to include at least two separate stairwells. This part of local codes, they say, is an outdated safety measure that really just makes apartment units smaller, more expensive, and darker (yes, darker). City planners there sometimes call these single-stair buildings "Seattle Specials" — they simply wouldn't be possible in pretty much any other city. Almost all of Europe, as well as Asia, Mexico and South America, allows single-stair buildings of six stories or higher. Germany allows single-stair buildings to stretch to about 20 stories, while Switzerland has no such limit.
Persons: Chris Gannon, Gannon, Stephen Smith, Michael Eliason, Eliason, James F, Brian Court, We're, Sean Jursnick, Jursnick Organizations: City Council, Center for, Housel, Miller Hull Partnership, Eliason, City, Fire Protection Association Locations: Texas, Austin, Seattle, New York City, America, California, Minnesota, Washington and Oregon, North America, It's, Union, Seattle's, Hill, Denver, Europe, Asia, Mexico, South America, Germany, Switzerland, Honolulu, California , Oregon, Washington
AdvertisementIt's one of the world's least-visited countries, making airfare and hotel rates more expensive than many countries in Asia. Only two airlines — the Indonesian low-cost carrier Citilink and the local airline Aero Dili — fly between Bali and Dili. Marielle DescalsotaCost of hotel stay for three nights: $500Timor-Leste only has a handful of three-star hotels and no luxury accommodations. I booked an entry-level room for three nights at Timor Plaza Hotel & Apartments for around $500, including tax. For activities, I spent $30 on a massage at a traditional Chinese spa and $50 on a half-day scuba diving trip at the coast.
Persons: , I've, It's, what's, Cristo Rei, Hilton, Burger King, Gloria Jean's, nasi goreng Organizations: Service, Business, Leste, Indonesia, United Nations, Development, Aero Dili, Timor Plaza, Apartments Locations: Europe, Asia, Maldives, Bangkok, Kuala Lumpur, Timor, , South, Connecticut, Development Asia, Indonesia, Australia, Bali, Dili, Darwin, stopovers, Singapore, Tokyo, guesthouses, Timor Leste
Rome CNN —Two people were killed and at least 13 injured Tuesday when an elevated walkway collapsed in a condemned Italian slum notorious for its links to organized criminal groups. The Italian Fire Brigade said a 29-year-old man and a 35-year-old woman were killed in the collapse at the Le Vele housing slum in the Neapolitan suburb of Scampia. More than 800 people were living as squatters in the apartment complex at the time, including 300 children, according to the fire brigade. The housing complex, built in the 1970s and 1980s, originally consisted of four apartment buildings shaped like sails (“vele”) joined by elevated walkways. After the order to clear the complex in 2020, the local municipality launched a redevelopment project to house those still living at La Vele.
Persons: Rome, Roberto Saviano’s “, Gaetano Manfredi, ” Manfredi, Giorgia Meloni, Organizations: Rome CNN, Italian Fire Brigade, Le, Camorra Locations: Neapolitan, Scampia, La, Italian
AdvertisementIn doing so, they have etched out a new niche at the most rarefied heights of the residential market, in part by persuading buyers who might have lavished millions of dollars – or more – to rent instead. Rental projects, on the other hand, while less lucrative upfront, offer more stability for owners with a long time horizon. It recently reconsidered the plan based on the success of the building's rentals, Aries said, and is now offering the penthouse unit for rent. A guest room at a Maison Hudson luxury apartment Kira Turnbull for The CollectionBased on the success of Maison Hudson, Wainbridge is planning identical projects in Los Angeles and Miami Beach, according to Oudinot. Advertisement"The demand is thin and high and very volatile" at the top of the residential market, according to Nancy Packes, a real estate advisor and broker.
Persons: , Ken Griffin, , Maison, Tyrone McKillen, McKillen, Maison Hudson, Kira Turnbull, Jay, Beyonce, Erin Boisson Aries, Douglas Elliman, Aries, Maison Hudson Kira Turnbull, Maison Hudson's, Mikhail Kurnev, Kurnev, Jacques Oudinot, Barths, Oudinot, Wainbridge, Nancy Packes Organizations: Service, Business, Maison Hudson, Bel Air, Wainbridge, Miami Locations: Manhattan, West, Los Angeles, Maison, London, Fasano, Paris, Saint, St, Maison Hudson, Miami Beach
The town of Kazreti, nestled in the picturesque mountains of Georgia near the border with Armenia, once boasted a cinema, a bank, musical fountains, two schools and a kindergarten. Dance ensembles and volleyball teams from across the Soviet Union would come to perform and compete, and central heating and electricity were free. But after the Soviet Union’s collapse in the 1990s, he said, everything also came crashing down in Kazreti. No longer supported by the Soviet command economy, the unprofitable local gold and copper mines and an enrichment plant were shut, putting hundreds of people out of work. Now there is just one school in the town and the cinema and bank have closed.
Persons: , Davit Jakeli Locations: Kazreti, Georgia, Armenia, Soviet Union, Tbilisi, Soviet
The information for the following product(s) has been collected independently by Business Insider: Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Bountiful™ Card. Marriott Bonvoy 1K Bonus Points Per Stay: Earn 1,000 Marriott Bonvoy® bonus points per paid eligible stay booked directly with Marriott for properties participating in Marriott Bonvoy. Marriott Bonvoy Bountiful™ CardIf you're interested in the Marriott Bonvoy Bevy™ American Express® Card, you should also consider its almost identical sibling: the Marriott Bonvoy Bountiful™ Card. Marriott Bonvoy Rewards frequently asked questionsHow can I earn Marriott Bonvoy points? Business Insider values Marriott points at 0.7 cents apiece on average, so 50,000 Marriott Bonvoy points are worth $350 by our valuations.
Persons: Marriott, Regis, you'll, I've, We've, they've, You'd, You've, Cardholders, it's, Amex, cardholders, Taylor Organizations: Business, Marriott, Read, Marriott Bonvoy Marriott, Ritz, Carlton, Starwood Hotels, Resorts, JW Marriott, Marriott Delta, Sheraton Gaylord Hotels Homes, Villas, Marriott International, Marriott Hotels, Resorts Marriott, Carlton Reserve, Ambassador, Marriott Bonvoy, JW Marriott Chicago, British Airways Executive Club, American Airlines, Korean, Alaska Airlines, Cathay, Cross, Unicef Marriott, American Express, Emirates, Hertz, Hertz Five Star, United Airlines, TSA, Global, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, U.S, Chase, Amex, , Silver Locations: Bora Bora, Aspen, St, Regis, Villas, Maldives, Dubai, Greece, Chicago, Regis Beijing, Hong Kong, Cambridge, Delta, Asia, Cathay Pacific, Alaska, New York, Singapore, U.S, Marriott Bonvoy, Marriott
Read previewEmma Echols, 68, lives off $1,056 a month in Social Security and a part-time bus driver job in Alabama. Echols has worked since she was 12, working as a chef, a convenience store general manager, and a bus driver. "I always wanted to earn my own money," Echols said. "I always wanted to work, and at the age of 14, someone started my Social Security records for me. AdvertisementHer Social Security is $1,056 a month, a 25% reduction from her potential full benefit because she accepted payments early.
Persons: , Emma Echols, she's, Echols, I've, hasn't Organizations: Service, Social Security, Business, Survey, Security Locations: Alabama
China engaged in a monthslong drumbeat of anticipation that a Communist Party leaders’ meeting would show the way to a new era of growth for the slowing economy. The outcome was a plan released on Sunday offering more than 300 steps on everything from taxes to religion. Many economists had called for a comprehensive effort to rebalance the Chinese economy away from investment and toward consumer spending. The party promised to “promote the development of strategic industries” in eight sectors, from renewable energy to aerospace. Those were essentially the same industries as in the country’s decade-old Made in China 2025 plan to replace imports of high-tech goods with locally produced products, as part of a national push for self-reliance.
Persons: , Organizations: Communist Party, Communist Party’s Central Committee Locations: China
Nahjae Olin won the NYC housing lottery in 2023 and signed a lease on a one-bedroom apartment in the Bronx. She and five of her siblings grew up in a one-bedroom apartment just one block away from the place she now calls home. Molly Stromoski for NYC Department of Housing Preservation & DevelopmentThe New York City housing lottery program helps residents find affordable housing, including rent-stabilized apartments. NYC Housing ConnectThe average ratio for HPD's housing lottery is 50 applications for each available unit. Before winning her housing lottery apartment, Nkenge lived in a small one-bedroom in Harlem.
Persons: Nahjae Olin, Olin, Molly Stromoski, Emily Osgood, Osgood, you've, It's, she'd, . Olin, I'm, Development Olin, you'll, Nkenge, Mickey Todiwala, That's, I've Organizations: CNBC, NYC Department of Housing Preservation, New, of Housing Preservation, Development, Yorkers, AMI, Housing, . Locations: Bronx, Bronx , New York City, New York City, New York, housingconnect.nyc.gov, Brooklyn, Williamsbridge, U.S, Harlem, Manhattan, Nkenge's
Read previewEight years ago I moved to New York City from Boston, and it was one of the hardest things I've ever had to do. The size of the room was huge, especially after I had heard horror stories of tiny New York City apartments, the only catch was that the room I would be in was way above my budget. Finally, last December — after eight years of living and financially struggling in New York City — I told my mom I was over $50,000 in credit card debt and didn't know what to do. Some of them are earnest sites that want to help, and some are predatory debt consolidation or debt settlement companies. It was clear that these companies were preying on people's shame — shame that I undeniably feel for racking up so much debt.
Persons: , I've, New York City — Organizations: Service, Business Locations: New York City, Boston, Brooklyn,
The building, once a warehouse, apartments and offices, is a temporary home — with one shower — for 60 adults and children. The stench of damp clothes and clogged toilets overpowers the strong scents of tomato and spices from the makeshift kitchenettes on upper floors. This is a so-called squat in Seine-Saint-Denis, a suburban area east of Paris that at one time was an industrial district. The other day she was getting ready to go to court to argue that she has the right to stay. “It may not be ideal, but it’s the best I have, and it’s a safe place to sleep,” she said one recent evening.
Persons: Denis, Mariam Komara, Locations: Seine, Paris, Ivory
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I worked my way up in my first company quickly and began earning a six-figure salary when I was 30. I felt really isolated, and it affected my mental health. I felt like my hard work went unappreciatedI tried to move to Chicago last year, but it didn't work out. It's been such a relief already, and the possibilities feel endlessJust making the decision helped my mental health — particularly my anxiety.
Persons: , Rachel Stolba, I'm, I'd, unappreciated, didn't, Chicago wouldn't, I've, It's, it's, Lauryn Haas Organizations: Service, Business, Culver City, lhaas@businessinsider.com Locations: Los Angeles, America, New York, LA, Chicago, Morocco, Madrid, Mexico, Spanish, Culver, Central America, Costa Rica, San Juan del Sur, Nicaragua, Sayulita
See Business Insider's picks for the best credit repair companies >>What is an excellent credit score? Here's how VantageScore and FICO scores are determined:FICO VantageScore Payment history (35%) Credit balance (30%) Length of credit history (15%) New credit (10%) Mix of credit accounts (10%) Payment history (40%) Length & type of credit (21%) Percent of credit used (20%) Total debt/balances (11%) Recent credit behavior and inquiries (5%) Available credit (3%)With this foundation laid out, let's look at ways to improve your credit score to achieve excellent credit. Pay your bills on time — every timeAs payment history is the most important factor used to determine your credit score, having a negative mark like a delinquent payment can lower your credit score and ruin your chances of an excellent credit score for years. A survey of 100,000 LendingTree users with excellent credit scores found that the average consumer with an excellent credit score keeps a credit utilization ratio of 5.7% on a credit limit of $58,514 spread over 7.9 accounts. Excellent credit score frequently asked questionsWhat is the best credit score?
Persons: Insider's, Zer, Gen Organizations: Isaac Corp, Visa, Card, Chevron Locations: Chevron
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Persons: you'll, Cardholders, I've, Regis, , Marriott Bonvoy, Amex, It's, it's Organizations: Business, Marriott, U.S, Marriott Bonvoy, Finance, Regis, Ritz, Carlton, Marriott Bonvoy Brands, Marriott Delta, Sheraton Gaylord Hotels Homes, Villas, Marriott International, Marriott Hotels, Resorts Marriott, American Airlines, Korean, Alaska, Cross, Unicef Marriott Bonvoy Business American, Baggage, American, Amex, American Express, American Express Marriott, Uber Locations: U.S, Fairfield, St, Cleveland, Delta
View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.
Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, , Gabrielle Chase, , we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York
Learn moreAmazon Prime Day, which is in its final stretch today, has brought many of our favorite tech, beauty, and home products to all-time-low prices. We check every deal against our tested guides and price tracking to make sure you're getting the best products for the lowest cost, optimizing your Prime Day experience. As more of Business Insider's top-rated products and brands go on sale during Prime Day, we'll continue to update this page with new discounts. If you're looking for a solid Android tablet, this is an excellent option, especially at its lowest price ever for Prime Day. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: it's, we'll, MagSafe, Max, , Gabrielle Chase, , Herschel, Eero Organizations: Business, Samsung, Amazon, Kindle, Apple, Herschel Supply, Amazon Samsung, Amazon LG, LG, Adidas, Alexa, Amazon Prime
Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.
Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, , Gabrielle Chase, , haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York
At first glance, The Crosby, an apartment building that opened in 2020 in Los Angeles’ Koreatown neighborhood, seems like a typical luxury high-rise. And most office buildings have central air conditioning, so the system needs to be replaced with individual cooling and heating systems for each unit. “Only about 15% of office buildings here in the markets that we’re based in are potentially good candidates for office-to-housing conversions,” Sherman said. While that may initially seem like a positive, apartment units need to have access to windows facing the exterior. Local governments aren’t only pushing for office building conversions, though.
Persons: CBRE, Crosby, West, , Jaime Lee, , we’ve, ” Lee, Chris Sherman, ” Sherman, Sherman, you’re, Jason Ward, Ward, Eric Adams, John Watson, ” Watson, Watson, Kelly Wilkinson Organizations: CNN, Moody’s, Texaco, Jamison Group, , Jamison, Sherman Associates, , Local, RAND, Housing, Homelessness, New York City, Pfizer, Indianapolis Star Locations: United States, Los Angeles, Koreatown, West Coast, Minneapolis, New York, New, Indianapolis, , Indiana University's
Learn moreLike all great things in the modern era, I first saw LG's portable StanbyMe TV on TikTok. I even take it on the balcony so I can watch TV while getting sun. It's one of my favorite purchases, and it's on sale right now for a whopping $200 off for Prime Day. Plus, be sure to check out more of our favorite Amazon Prime Day deals on items we love, including tons of additional Prime Day TV deals. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: I've, Samantha Crozier, I'm Organizations: Business, New, LG, Prime, Amazon Prime, Bluetooth, Smart Locations: New York City
Read previewPresident Joe Biden on Tuesday rolled out a plan offering landlords a choice: cap annual rent increases at 5% for the next two years or risk losing valuable tax credits. These landlords control more than half the national rental market, according to senior White House officials. Corporate landlords who increase rent by more than 5% would lose the valuable tax benefit known as depreciation deductions. AdvertisementA focus on housing affordabilityAs president, Biden has pushed a series of pro-housing policies and generally favored more federal participation in housing policy. Tuesday's move is part of a series of recent housing policy announcements from the administration.
Persons: , Joe Biden, Lael Brainard, Biden, Donald Trump, alledgedly colluding, Kamala Harris, Janet Yellen Organizations: Service, White House, Business, Harvard Joint Center for Housing Studies, Harvard, Tax, Republicans, Union Locations: Nevada, Clark County, Henderson , Nevada, State
Below, our tech experts have curated a running list of all the best Prime Day TV deals so far, and we've compiled even more savings across all categories in our full Prime Day deals roundup. The best Prime Day TV deals are expected to remain active through July 17 while supplies last. TCL 55-inch Q7 4K QLED TV $448.00 $598.00 Save 25% The Q7 is one of the top midrange QLED 4K TVs. View at AmazonLG 65-inch C4 OLED 4K TV $1,796.99 $2,699.99 Save 33% The C4 is LG's latest midrange 4K OLED TV. View at AmazonHisense 85-inch U8N QLED 4K TV $1,798.00 $2,799.99 Save 36% The U8N is Hisense's 2024 flagship QLED TV.
Persons: we've, 60Hz, HLG, 120Hz, it's, OLEDs Organizations: Business, Samsung, LG, Dolby, HLG Smart, Google, Amazon, Amazon Samsung, Amazon LG, Sony, Toshiba, Amazon Prime Locations: TCL, QLED
Biden unveils plan to cap rent hikes
  + stars: | 2024-07-16 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +5 min
That’s aimed at incentivizing new rental property construction to increase supply of apartments and homes for rent. “While the prior administration gave special tax breaks to corporate landlords, I’m working to lower housing costs for families,” Biden said in a statement. Some federal lands could be repurposed for housingBiden announced two additional efforts aimed at reining in high housing costs on Tuesday. During CNN’s presidential debate in June, Biden hinted at his new plan to address rent increases. There are currently 1.6 million units under construction in the US as of May, according to Federal Reserve data.
Persons: Joe Biden, That’s, ” Biden, Biden, Adrianne Todman, We’re, Organizations: CNN, Republicans, Joint Center for Housing Studies, Harvard University, Land Management, US Postal Service, Housing, Urban, NATO Summit, Housing Solutions Coalition, Mortgage Bankers Association, Federal Reserve Locations: Nevada, , Challanooga, Houston, Miami, Las Vegas , Syracuse, Trenton , New Jersey, Huntsville , Alabama, United States
At the time, my husband, our 2-year-old, and two dogs were already living in a cramped one-bedroom apartment in Williamsburg, Brooklyn. Here are the things that surprised me from moving from New York City, to Portland, Maine. Everyone is so friendlyMainers have a reputation for being friendly, but I was still surprised by how friendly people were when we first moved here. We have friends with kids the same age as ours but also intergenerational friendships with older people in the community. Living in Maine has left me wanting more cultural events to attend.
Persons: , hasn't, we've, who've, I'm, it's Organizations: Service, Business Locations: Williamsburg , Brooklyn, Maine, New York City, Portland , Maine, South America, Buenos Aires, Portland, New York, Boston, Bangor
We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.
Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, , ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, , ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “,  “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, , US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane
History, however, is why some say they wouldn't dream of living in one particular house in the heart of New Orleans' French Quarter. Later that day, the Zillow listing said the property, wnown as the LaLaurie Mansion, was already "pending sale," which broker Patrick Knudsen confirmed to Business Insider. Regions Bank scooped up the mansion for $2.3 million at auction before selling it to Whalen a year later. AdvertisementThe property has a dark history of torture and slaveryAs the Journal reported, the home was built to replace the original LaLaurie Mansion, which burned down in 1834. AdvertisementThe original LaLaurie Mansion was ransacked and destroyed when people found out the owner was torturing people inside.
Persons: , Michael Whalen, Patrick Knudsen, Whalen, Nicolas Cage, Cage, Delphine LaLaurie Organizations: Service, Street, Business, Blum, Regions Bank, British, Post, New, University of New Locations: New Orleans, Houston, University of New Orleans
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