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Unprotected at the margins of the rental market
  + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com   time to read: +31 min
Officers interviewed two motel residents who called 911; they said they did not want to leave their homes. Alyssa Pointer for Business InsiderIn Georgia, an eviction requires a court order, but the law doesn't explicitly make lockouts illegal. In this case, an officer classified the incident as a "crime against property" — a crime committed by the residents themselves. In unincorporated Clark County, where the property is located, operating a short-term rental without a license is illegal. Matthew Main is an attorney who has represented residents in similarly precarious housing situations in New York City, where state law also grants residents tenants' rights after 30 days.
Persons: they'd, Alyssa Pointer, doesn't, Eric Tars, Marshall Rancifer, Rancifer, Larry Johnson, Johnson, Lindsey Siegel, Freddie Mac, Rausch, Bridget Bennett, Harrison Bohn, Charlie Bliss, Andrew Cauthen, Brandon Turner, Darlene DeLaRoca, she'd, Mike Rausch, Harry Reid, DeLaRoca, Luis Barraza, Barraza, haven't, Stacey Welling, David Brown, Eric Dunn, Neason, Lynetrice Preston, Altonese Weaver, that's, Bliss, Roy Barnes, Barnes, Tera Strawter, Khari Varner, Strawter, Varner, Puentes, Guy Girardin, Girardin, Brown, Brian Michael Schwalbe, Schwalbe, you've, Natalie Bergevin, Bergevin, Matthew Main, gamesmanship, Main, Paul Panusky, Sara Heymann, I've, Michael Duckworth, Duckworth, he'd, Abel Uribe, Matthew Walberg Organizations: Labor, Business, National Homelessness Law, Justice, All Coalition, for Disease Control, Police, Housing Justice League, Atlanta, Atlanta Legal, US Department of Education, Pratt Center for Community Development, UCLA, Legal, Center of Southern, Natson, Facebook, Harry, Walmart, BI, Las Vegas Justice Court, National Housing Law, Atlanta Legal Aid, Atlanta . Tenants, DeKalb County Police Department, Georgia Supreme, Lutheran Social Services of, Las Vegas, Regional Justice Center, Go Locations: Dekalb County, Panthersville, Atlanta, Dekalb, Georgia, United States, Florida , Kentucky, DeKalb County, DeKalb, New York City, Los Angeles, Clark County , Nevada, Center of Southern Nevada, Nevada, California, Las Vegas, Clark County, Clark, Lutheran Social Services of Nevada, Las Vegas . Nevada, Chicago, Chicago's Roseland, Cook, City, DeLaRoca, Vegas
More older Americans are heading toward retirement with little to no savings, and the situation is increasingly income-stratified. An AARP survey found that just around a fifth of American adults 50 and older have no retirement savings. AdvertisementAt the same time, there's a growing income disparity between retirement savings. And, except for the richest Americans, retirement balances didn't have any "detectable differences" during that same period — suggesting that only the highest-earning retirees were saving up more. Are you struggling with retirement savings or don't have enough money saved?
Persons: , I've, I'm, Nancy, there's, she's subsisting, Nancy —, she'd, would've, gee, she's Organizations: Service, Business, Social Security, AARP, Survey, Consumer Finances, Office, Security Locations: Seattle, Canada
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGen Zs are struggling financially, and nearly half of them rely on their parents for support, a new study found. Bank of America released a report Wednesday outlining Gen Z's financial health, and things aren't looking too great for these 18- to 27-year-olds. AdvertisementThe research found that 38% of Gen Zs are OK admitting to their friends that they can't go to certain social events because they can't afford them. "It is critical that we continue to empower Gen Z to work toward achieving financial health and meeting their long-term goals."
Persons: , it's, Zs, It's, Rachel, Phoebe, Joey, shamefully, Chandler, Ross, Monica, Holly O'Neill, BofA's, Gen Organizations: Service, Bank of America, Business, Bank of America's, Bank, Retail Banking Locations: Ibiza
Many young conservatives also support student loan cancellation, with 49% of Gen Z and millennial Republicans surveyed saying some or all outstanding education debt should be erased. As president, Trump called for the elimination of the U.S. Department of Education's existing loan relief programs, including the popular Public Service Loan Forgiveness initiative. He also wanted to slash the department's budget, and his administration halted a regulation aimed at providing loan forgiveness to those defrauded by their schools. He has repeatedly attacked Biden's loan relief policies, and he said in a campaign video in late 2023 that he wants to close the Education Department altogether. For critics of broad student loan forgiveness, Biden's new plan looks a lot like his first.
Persons: Joe Biden's, Ryan Walker, Walker, Gen, Z, Trump, Biden's, Biden, Andrew Bailey, Bailey Organizations: Republican, Bloomberg, Getty, Biden, Heritage Action, America, U.S . Department, Public, Education Department, Supreme Locations: Kansas, Missouri, SocialSphere, U.S, . Missouri, Arkansas , Iowa , Kansas , Nebraska, South Carolina
The Education Department announced it plans to finalize its broader student-loan forgiveness plan in October. This means millions of borrowers could get relief weeks before the election. The department also plans to propose a separate debt relief rule for borrowers facing hardship. AdvertisementMillions of student-loan borrowers could benefit from President Joe Biden's broader debt relief plan just weeks before the election. The department's broader plan to cancel student debt — proposed after the Supreme Court struck down Biden's first attempt — is expected to be finalized in October.
Persons: , Joe Biden's, Biden's Organizations: Education Department, Service, Business
Nischa ShahPersonal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. Shah started dabbling with making YouTube videos about personal finance and self-development in December 2021 — and now has over 1 million subscribers on YouTube. This success led her to quit her investment banking job in January — despite the fact she was due to receive a six-figure bonus two months later. Shah is now earning over $1 million by monetizing her YouTube videos, selling courses and products, doing corporate talks, and partnering with brands. Shah walked CNBC Make It through how she grew her YouTube channel and prepared to quit her investment banking job.
Persons: Nischa Shah, YouTuber Nischa Shah, Shah, it's, , It's Organizations: Crédit Agricole, CNBC, YouTube Locations: London,
CNN —Listening to music, smoking hookah, and getting a Western-style haircut are all punishable acts under the suffocating rule of the Taliban in Afghanistan, according to a new UN report. The Taliban’s so-called morality police have curtailed human rights – disproportionately targeting women and girls – creating a “climate of fear and intimidation,” said the report by the UN Assistance Mission in Afghanistan (UNAMA) published Tuesday. Moreover, the report said, the Taliban’s instructions are issued in a variety of formats – often only verbally – and are inconsistently and unpredictably enforced. However, reports from Afghanistan suggest the Taliban’s repressive control over women has led to a sharp rise in suicide attempts. Ahmad Sahel Arman/AFP/Getty ImagesMedia is heavily restricted, and residents live in a surveillance state, the report added.
Persons: , Majid Saeedi, Ebrahim Noroozi, Bernat, Ahmad, Ahmad Sahel Arman, , Rosemary DiCarlo Organizations: CNN, UN, legislating, Taliban, , Getty, Media Locations: Afghanistan, Zaranj, Afghanistan's Nimroz, Kabul, Afghan, Ahmad Sahel, AFP, Qatar, Doha
CNN —Yet again, tens of thousands of people in Gaza are on the move, as the Israeli military issues fresh evacuation orders for a number of areas in Gaza City. It’s unclear how many people in Gaza City have heeded the latest evacuation order. The IDF confirmed to CNN that the evacuation order for parts of Gaza City was the third in the past 10 days. On July 2, the Israeli authorities clarified that the European Hospital in Khan Younis was not included in the evacuation order. Now, one of the main hospitals in Gaza City – the Al Ahli Baptist – has also closed its doors.
Persons: CNN —, Khan Younis, don’t, Khader Al Za’anoun, Wafa, Al Za’anoun, , ” Al Za’anoun, OCHA, Deir, Dawoud Abu Alkas, – Jonathan Whittall –, Tedros Ghebreyesus, , Nasser, Al, Hosam Naoum, Rasheed, Saleh, ” Saleh, ” OCHA, , Maysa Saleh, Khan Younis “, Louise Wateridge Organizations: CNN, Israel Defense Forces, UN, UN Office, Humanitarian Affairs, IDF, Reuters, European Hospital, World Health Organization, Cross, Nasser, WHO, Episcopal, Facebook, Norwegian Refugee Council, NRC Locations: Gaza, Gaza City, Shujaya, Old City, Daraj, Khan Younis, Rafah, Al Mawasi, Khan, Al Ahli, Jerusalem, Deir al, Deir
When Chelsia Potts took her 10-year-old daughter to a psychologist to be tested for autism spectrum disorder, she decided almost as an afterthought to be tested herself. Like her daughter, Ms. Potts was diagnosed with autism. Ms. Potts, 35, thought she might have had anxiety or some other issue. But after her visit to the psychologist, she had to figure out how her diagnosis would affect her work life. “Initially, I was confused, and I did keep it to myself,” Ms. Potts said.
Persons: Chelsia Potts, Potts, ” Ms, Organizations: Miami University in Locations: Miami University in Oxford , Ohio
Read previewJoe Biden is facing mounting pressure to prove he's medically fit to run for a second term, but experts say a cognitive test could set a dangerous precedent. Speaking on CBS's "Face the Nation," Sen. Lindsey Graham said all presidential nominees, including Biden and Trump, should take a cognitive test. Cognitive tests are usually quick and simple and can check for functions such as concentration, abstract thinking, language, and memory. He told ABC's Stephanopoulos on Friday: "I have a cognitive test every single day." According to White House press secretary Karine Jean-Pierre, after Biden's physical in February, his doctors decided he didn't need a cognitive test.
Persons: , Joe Biden, Biden, Donald Trump, ABC's George Stephanopoulos, Sen, Lindsey Graham, Trump, Kevin O'Connor, Dr, Kenneth Boockvar, Biden hasn't, ABC's Stephanopoulos, Karine Jean, Pierre, Thomas, it's, Andrew Payne, I'm, Charan Ranganath, Payne Organizations: Service, Business, Reuters, Biden, Washington Post, Gerontology, Geriatrics, University of Alabama, White, University College London, Mensa, City University, University of California, BI Locations: Birmingham
The Education Department has resumed processing Public Service Loan Forgiveness applications. The department will prioritize debt relief for borrowers who met PSLF requirements during the pause. AdvertisementA major student-loan forgiveness program is once again up and running. As of July 1, the Education Department resumed processing applications for the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments. Now, the task of managing PSLF will be split among several federal servicers, and the Education Department will oversee the program through studentaid.gov.
Persons: Organizations: Department, Service, Education Department, Public, MOHELA, Business Locations: PSLF
Driving uninsured has various consequences, including fines, license suspension, and even jail time. If you drive without car insurance, your insurance rates could increase when you purchase or renew it. It can be tempting to skip the extra cost that car insurance adds to the price of owning a car. License suspension:Many states suspend your license or registration (or both) for months if you're caught driving uninsured. If you live in an area with high rates of uninsured drivers, this could cause issues for you.
Persons: It's, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: UM, Department of Transportation, Department of Insurance, Department of Motor Vehicles, Insurance, The Insurance Research, U.S, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, New Hampshire, Virginia, New York, Connecticut, California, Georgia, Manoa
New York University will take a number of steps to respond to antisemitism as part of a legal settlement with three Jewish students who said they were verbally harassed because of their identities and support for Israel, the university and plaintiffs said in a joint statement on Tuesday. The university will pay some money as part of the agreement, and create a new administrative position to make sure all allegations of discrimination and harassment are responded to consistently and adequately, among other actions. Their lawsuit is part of a wave of litigation faced by schools around the country from Jewish, Muslim and Arab students who say they have experienced harassment and discrimination on campus since the Oct. 7 Hamas attack on Israel. Columbia, Harvard, U.C.L.A. and the University of Pennsylvania are among the schools that have faced similar suits from Jewish students.
Persons: Bella Ingber, Sabrina Maslavi, Saul Tawil Organizations: New York University, Israel, Columbia, Harvard, University of Pennsylvania Locations: Israel, Jewish
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It was not easy to leave the comfort of my corner office, corporate perks, and awards and recognition at a big Wall Street bank. I felt like I needed to take a bigger leap and start my own thing, but I had no idea how to start a business. I don't go to the office much anymore, though most of my team chooses to go into the office. Had I stayed at a big Wall Street bank, I never would've been able to start my other businesses.
Persons: , Chad Willardson, Merrill Lynch, Morgan Stanley, Goldman Sachs, I've, it's, Warren Buffett Organizations: Service, Pacific, Business, UBS, LinkedIn, Entrepreneurship Locations: Orange County , California, Southern California
While universal basic income provides money to everyone, guaranteed income may provide either targeted or universal support. The organization did not provide comment, but the Foundation for Government Accountability's research lays out the reasons for its opposition to guaranteed income programs. Once they have access to guaranteed income, that often allows them to figure out ways to increase what they earn, she said. "Folks who press arguments about guaranteed income creating dependency aren't looking at the fact that what guaranteed income is actually allowing participants to do is make good choices," Bogle said. 'The status quo isn't working'Many other guaranteed income program participants have seen life-changing improvements, particularly when it comes to their earnings capability.
Persons: Harish Patel, Patel, Austin, Mary Bogle, Bogle, Taniquewa Brewster, Winter Storm Uri, Brewster, Michael Tubbs, Harris, Rodney Ellis, Ken Paxton's Organizations: Economic Security, American, Getty Images, Foundation, Government, Solutions, Foundation for Government, Urban Institute, Austin, Winter Storm, Mayors, Democrats, Republicans, Houston . Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers Locations: Columbus , Ohio, Getty Images Idaho , Iowa, South Dakota, Arkansas, Austin , Texas, Austin, Harris, Texas, Houston .
Read previewIn 2018, at age 40, Kenneth Ferraro decided to pursue a college degree for the first time. Ferraro, who's based in Texas, had worked as a truck driver for decades, he told Business Insider via email. The perceived benefits of a college degree have led more Americans to go back to school later in life. Related storiesFerraro shared the biggest challenges he's faced in his job search, including why he thinks having a college degree has sometimes worked against him. While having a college degree improved his credentials, he thinks his age has held him back in the job market.
Persons: , Kenneth Ferraro, Ferraro, who's, Ferraro's, he's, it's, " Ferraro, wasn't Organizations: Service, Business, New York University, Bureau of Labor Statistics, National Center for Education Statistics, New York Fed Locations: Texas
"He is running a very bigoted race," Hamadeh told me of Masters, "and MAGA and the America First movement is bigger than that." An anti-Hamadeh yard sign, paid for by the Masters campaign, beside one of Hamadeh's own signs in the 8th district. "This guy, he lost against Mark Kelly because he's a weirdo," Hamadeh told me. "I think that warrants some investigative journalism," Hamadeh told me. "I can't vote for you," one woman, apparently not a prospective constituent, told Hamadeh as she shook hands with him after the event, "but I'll give you a donation."
Persons: Abe Hamadeh, Hamadeh, I've, He's, Donald Trump, Kari Lake, MAGA, Blake Masters, Peter Thiel protégé, who's, It's, Bryan Metzger, Ben Toma, Debbie Lesko, Sen, Anthony Kern, There's, Trent Franks, Israel, there's, Lesko, , Abraham, Abe, Ron Paul, Prophet Muhammad, Jesus, fashioning, he's, Trent, They're, MAGA bromides, JD Vance, Ohio, Masters, Vance, Ted Kacynski, Blake, Mark Kelly, Kari, Brandon Bell, Trump, Clarence Thomas, Thiel, Hamadeh's, Arizona Republic —, Rebecca Noble, Toma Organizations: Service, Republican, GOP, Arizona, Capitol, Trump, Masters, Supreme, Daily, University of, Maricopa County Attorney's, US Army Reserve, Republican Party, Senate, Sun City, Justice, Republicans, Sun City West, Stanford University, FBI, Thiel Capital, Fox News, Arizona Republic, Sun, Arizona House Locations: Phoenix, Arab American, Arizona, America, Tucson, North Phoenix, Washington, There's, Maricopa County, Mecca, Chicago, Skokie, United States, Saudi Arabia, Jerusalem, Istanbul, Vatican, Thailand, Japan, Sun City, crazies, Scottsdale, it's
Read previewMost medical students at Johns Hopkins University won't have to worry about student loans. On Monday, Johns Hopkins announced that Bloomberg Philanthropies, founded by the billionaire Michael Bloomberg, would donate $1 billion to make tuition free for medical students with family incomes under $300,000 a year, beginning this fall. Johns Hopkins said the gift would also allow it to cover living expenses for medical students with family incomes under $175,000 a year. It estimated that nearly two-thirds of current and incoming medical students would qualify for free tuition or free tuition and covered living expenses. Monday's announcement will build on donations Johns Hopkins has received over the past few years to reduce student-debt loads for its graduates.
Persons: , Johns Hopkins, Bloomberg Philanthropies, Michael Bloomberg, Bloomberg, Ruth Gottesman, David Gottesman, Berkshire Hathaway Organizations: Service, Johns Hopkins University, Bloomberg, Business, Association of American Medical Colleges, Princeton, Amherst, Harvard Locations: Berkshire, Berkshire Hathaway, Bronx
CNN —Columbia University announced Monday it has permanently removed three deans from their posts after finding they engaged in “very troubling” text messages that touched on antisemitic tropes. “The incident revealed behavior and sentiments that were not only unprofessional, but also, disturbingly touched on ancient antisemitic tropes,” Shafik said in the Monday statement. However, Columbia signaled that a fourth official involved in the text messages, Josef Sorett, the dean of Columbia College, is staying in power after apologizing and taking responsibility. On Monday Sorett sent a message to Columbia College students apologizing for his actions. Last week, Rep. Virginia Foxx, the Republican chairwoman of the House Education and the Workforce Committee, demanded Columbia hold the three officials accountable and revealed images of the group text exchange.
Persons: Minouche Shafik, disturbingly, ” Shafik, Angela Olinto, , ” “, ” Olinto, Josef Sorett, Monday Sorett, , Virginia Foxx, ” Foxx Organizations: CNN — Columbia University, Columbia, CNN, Columbia College, House Education, Workforce Committee
However, Republican-backed states, including Arkansas, Florida and Missouri, filed lawsuits against the SAVE plan earlier this year, putting that relief in jeopardy. watch nowBorrowers likely won't learn more until after the presidential election in November, said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers. Chevron ruling may limit Education DepartmentMeanwhile, a recent Supreme Court ruling is expected to make it harder for the Education Department to deliver relief to student loan borrowers. Valerie Plesch | Bloomberg | Getty ImagesThat could make Biden's do-over effort at sweeping student loan forgiveness more difficult, Kantrowitz explained. With Biden's future at risk, so is student loan aidBiden has forgiven more student debt than any other president, Kantrowitz said.
Persons: Perry, Brandon Bell, Biden, Scott Buchanan, servicers, Buchanan, Mark Kantrowitz, Pramila Jayapal, Valerie Plesch, Kantrowitz, Biden's, Donald Trump, he's, Kamala Harris Organizations: Castaneda, University of Texas, Getty, Biden, Republican, Student Loan, Alliance, CNBC, Education Department, Bloomberg Locations: Austin, Austin , Texas, Arkansas, Florida, Missouri, Kansas, Chevron, Washington, Washington , DC
New York CNN —Bloomberg Philanthropies is gifting $1 billion to make medical school free for the majority of students at Johns Hopkins University, joining other high-profile donors who have contributed to tuition-free medical schools across the country. Johns Hopkins said Monday that for most medical school students, the gift will cover the full cost of attendance, including tuition and living expenses. In 2018, NYU’s School of Medicine became the first medical school in the country to offer free tuition to accepted students. An October survey from the Association of American Medical Colleges found that 70% of medical students who graduated in 2023 have taken on some level of education debt. Bloomberg previously donated $1.8 billion in 2018 to undergraduate financial aid at Johns Hopkins University.
Persons: New York CNN —, New York CNN — Bloomberg Philanthropies, Michael Bloomberg, Johns Hopkins, It’s, Ruth Gottesman, ” Bloomberg, CNN’s Eva Rothenberg, Sabrina Souza Organizations: New, New York CNN, New York CNN — Bloomberg, Johns Hopkins University, Bloomberg, Albert Einstein College of Medicine, NYU’s School of Medicine, Johns Hopkins, New York City, Association of American Medical Colleges Locations: New York
I worked with major US news outlets during and after college and wanted to keep working in America, but couldn't secure an H-1B work visa. I spent the next five years in India, working in journalism before pivoting into a brand and communications position. AdvertisementI couldn't get a work visa in the US, but there was a clearer and more stable path to getting one in Canada. My understanding is that it's become harder to get a work visa in the US since. My work visa expires in October 2024, and I'm open to options for settling in Canada beyond that.
Persons: , Vaishali Gauba, Stephen Colbert, I've, isn't, Donald Trump Organizations: Service, Business, Rutgers University, CNBC, NBC, CBS, Toronto Metropolitan University Locations: Gurugram, India, New Jersey, America, Canada
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUniversal basic income is winning support from some as a powerful tool to combat poverty, but Ray Dalio thinks it could be harmful and pull cash away from better social programs. Dalio is the billionaire founder of Bridgewater Associates, the world's largest hedge fund, and the official mentor to its three co-chief investors. Who are you giving the $1,000 to, and what will they do with that $1,000?" In a follow-up post, Dalio emphasized that he sees the wealth-and-opportunity gap as the "greatest threat" to the US.
Persons: , Ray Dalio, Dalio, Lex, who'd Organizations: Service, Bridgewater Associates, Business
Launched in 2018 by Chinese e-commerce behemoth Alibaba, the free online contest is open to math enthusiasts worldwide, though Chinese math majors typically dominate the top places. She was later trained by math teacher Wang Runqiu at Lianshu Secondary Vocational School, where she studies fashion design. Social stigma for vocational studentsAmong the cacophony of commentary, some suspect the harsh public scrutiny of Jiang is rooted in social prejudice against vocational students. But structural discrimination in China’s schools, universities and workplaces means society still favors academic degrees over trades. Jiang considers math her “Plan B,” prioritizing fashion design for future study, according to The Beijing News.
Persons: Jiang Ping, Alibaba, , Wang Runqiu, Wang, Jiang, Richard Xu, China’s, Yin Wotao, , Yin, there’s, , Zhao Yong, ” China’s, Einstein, Zhao Organizations: Hong Kong CNN, Harvard, Oxford, MIT –, DAMO Academy, Xinhua, Secondary Vocational School, Weibo, Harvard Business School, CNN, University of Kansas, Beijing, Communist Party, Zhejiang University Locations: Hong Kong, China, China’s Jiangsu, Xinhua, Lianshui, Beijing, Hangzhou, Jiangsu, Germany, Finland
Read previewIf you think President Joe Biden has been looking a lot more orange, you're not alone. Samuel Corum/Getty ImagesAnd Biden's orange glow was apparent on July 3 too, when he was awarding the Medal of Honor to two Civil War soldiers. President Joe Biden speaks to the media on July 1. President Joe Biden speaks during a news conference at the COP26 United Nations climate change conference in Glasgow, Scotland, on November 2, 2021. Representatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Joe Biden, George Stephanopoulos, Samuel Corum, Biden, Donald Trump, Andrew Harnik, Evan Vucci, Chip Somodevilla, visage, Joe, F2bjXE8fT2 — CJ Pearson, Moira Coops, Coops, Trump, Jason Kelly, Michael Cohen, Biden didn't Organizations: Service, ABC News, Business, White, Getty, COP26, AP, White House, Trump, CNN, Politico, Republican National Convention, Bazaar, Business Insider Locations: Washington , DC, Nations, Scotland, Glasgow, Washington ,, Alabama, Cleveland
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