DIRS.INFO The most relevant business & tech news

☆ 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

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Los Angeles homeless killings: Suspect accused of fatally shooting 3 unhoused people as they slept; police ask for help
▼ + stars: | 2023-12-01 | by ( Cheri Mossburg | Emma Tucker | ) edition.cnn.com time to read: +3 min

CNN —Officials in Los Angeles are asking for the public’s help to find a suspect believed to be targeting the homeless community after three unhoused people were fatally shot in their sleep this week. The killings happened in various locations in the city, including one near Skid Row, an area of downtown Los Angeles known for its large homeless population. The Los Angeles Police Department shared a map of the three locations where three unhoused men were recently killed. “Seek shelter, seek services, stay together, seek support.”Bass called the news “devastating” to the city, which is home to one of the largest unhoused populations in the country. The Los Angeles Police Department has summoned a task force to work on the case.

Persons: Michel Moore, Moore, “, ”, Los Angeles Mayor Karen Bass, ” Bass, George Gascón, ” Moore Organizations: CNN, Los Angeles Police, Los Angeles Police Department, Police, Los Angeles Mayor Locations: Los Angeles, Los Angeles County

☆ Moving to Tulsa: 4 transplants share how the small city has changed their cost of living
▼ + stars: | 2023-11-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

Through programs including Tulsa Remote, former Californians and New Yorkers are moving to Oklahoma. Some moved through Tulsa Remote, while others discovered the city on their own. For those moving through Tulsa Remote, the retention rate is around 76%. She moved to Tulsa in February 2020 independent of the Tulsa Remote program. He noticed some friends who also lived in an RV full-time eventually settled in Tulsa, and he decided to apply to Tulsa Remote.

Persons: —, Laura Landers, it's, Landers, She's, they've, " Landers, Corinne Gaston, Philadelphia Corinne Gaston, Gaston, she's, Faith MacNeil, Lansing , Michigan Faith MacNeil, MacNeil, didn't, Lansing —, Michael Boyink, Missouri Michael Boyink, Bob Dylan, he's, He's, Boyink Organizations: Tulsa, Oklahoma . Business, Service, Dallas, Housing Solutions, Rocket Homes, Business, Lansing, Michigan, Bob Dylan Center, Woody Guthrie Center Locations: Oklahoma, Los Angeles, California, Dallas, Tulsa, LA, Housing Solutions Tulsa, Tulsa County, California , Michigan , Missouri, Pennsylvania, Philadelphia, Lansing , Michigan, Michigan, Scotland, Glenpool, Lansing, Missouri, Boyink

☆ Homebuyers in Santa Fe shelling out more than $1 million will have to pay a new 'mansion tax'
▼ + stars: | 2023-11-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

Santa Fe voted overwhelmingly for a new tax on homes sold for more than $1 million. The new 3% tax will fund affordable housing construction and maintenance. The vote indicates strong support for so-called "mansion taxes" across the country. Several other major cities and states have proposed or recently passed mansion taxes, or some other tax increase to fund affordable housing. Seattle voted on Tuesday to triple its property tax that funds affordable housing and aids low-income tenants.

Persons: —, who've, Alan Webber, We've, It's Organizations: Santa Fe, Service, Fe, Fe's Democratic, ABC News, Seattle, Solutions, New York State, Voters Locations: Santa, New Mexico, Fe, Los Angeles, Chicago, New York City, Cincinnati , Ohio

Hundreds of migrants, from babies to the elderly, live inside a shuttle bus center at O’Hare International Airport’s Terminal 1. As more migrants arrived, the city's existing services were strained. Chicago began using the city's two international airports as temporary shelters as the number of migrants arriving by plane increased. At O'Hare, migrants have spread out beyond the curtain for more space, sleeping along windows. At Boston's Logan International Airport, migrants who arrive overnight are given cots for a few hours before being sent elsewhere.

Persons: ”, Vianney Marzullo, “, Greg Abbott, Brandon Johnson, Maria Daniela Sanchez Valera, Valera, Cristina Pacione, Zayas, Massport, Jennifer Mehigan, Logan “, Dennis Levinson, ” Jhonatan, …, ” Yoli Cordova, ” Cordova Organizations: CHICAGO, O'Hare, Chicago, Republican Gov, Biden Administration, Healthcare, Midway International, Logan International Airport, Atlantic City International, Atlantic Locations: New York, Chicago, O’Hare, Texas, Venezuela, United States, Darien, Peru, O'Hare, ”, New Jersey, Atlantic County, Colombia

They raced away from the wildfire tearing through the town of Lahaina last week with just what they could carry, then survived anywhere they could on Maui: in their cars, on friends’ couches, in shelters or in tents by the side of the road. The hotel rooms are covered by state and federal temporary housing programs at no cost to the survivors. The American Red Cross, which is running the mostly FEMA-funded hotel program, said it has secured 750 rooms where survivors can live for as long as they need. The shelters, which housed more than 2,000 people the day after the fires broke out, now hold a few hundred people a day. “We will be able to keep folks in hotels for as long as it takes to find housing solutions.”

Persons: “, Brad Kieserman Organizations: FEMA Locations: Lahaina, Maui, West Maui

☆ TipRanks reveals the top 10 Wall Street utilities sector analysts
▼ + stars: | 2023-06-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks recognized the 10 best analysts in the utilities sector who delivered significant returns and edged past their peers through their recommendations. TipRanks' algorithms calculated the statistical significance of each rating, the average return and the analysts' overall success rate. Top 10 analysts from the utilities sectorThe image below shows the most successful Wall Street analysts from the utilities sector. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020 to July 21, 2021. Julien Dumoulin-Smith — Bank of America SecuritiesJulien Dumoulin-Smith has the 10th spot on the list, with a success rate of 57%.

Persons: Patrick T, Fallon, TipRanks, Shelby Tucker, Tucker, Frederic Bastien — Raymond James Frederic Bastien, Black, Benjamin Pham —, Benjamin Pham, Pham, Mark Jarvi —, Mark Jarvi — CIBC Mark Jarvi, Robert Catellier —, Robert Catellier, Alberto Gandolfi — Goldman Sachs, Alberto Gandolfi, Nelson Ng, Jan, Patrick Kenny, Kenny, Neil Kalton, Wells, Julien Dumoulin, Smith — Bank of America Securities Julien Dumoulin, Smith Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, AFP, Getty, RBC, Energy, Benjamin Pham — BMO Capital BMO Capital, Mark Jarvi — CIBC, Pinnacle, Drax Group, Robert Catellier — CIBC, RBC Capital RBC Capital, Bank In, National Bank, Secure Energy Services, Smith — Bank of America Securities, Sunrun Locations: Long Beach , California, Canadian, Canada, Danish, Methanex

☆ It took a progressive Virginia suburb 8 years to let developers build apartments instead of single-family houses. It shows how hard it is to build middle-class housing in the US.
▼ + stars: | 2023-03-21 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

Arlington, Virginia, is finally set to pass a "missing middle" housing policy after years of debate. Arlington is just the latest community to address missing middle housing as a part of a broader national reckoning. Across the country, critics of increasing housing density in single family neighborhoods are disproportionately older, wealthier, white homeowners. Advocates of missing middle housing say there's a deep generational gap when it comes to housing density. Despite the massive effort it took to come to the verge of passing missing middle housing, Arlington officials predict change will be slow and limited.

☆ Floridians can blame vacation homes and 'oppressive' homeowners associations for their high rents, economist says
▼ + stars: | 2023-01-13 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Too many vacation rentals and strict homeowners associations are pushing up housing costs, a study said. According to Johnson, there are too many vacation rentals in the Sunshine State. It's this particular combination of strict HOA rules and the sheer number of vacation rentals is a mixture that is affecting housing affordability negatively, he said. According to Johnson's study, Florida is now home to 9 of the 21 most overpriced rental markets in the US. The number of vacation rentals in the state is only making it harder for people to find affordable places to rent, the study suggests.

Search resuls for: "Housing Solutions"

10 mentions found