Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Astrophysics | Harvard


25 mentions found


At a conference in Miami on Tuesday, Griffin expressed deep frustration with the state of American universities, including the disastrous testimony before Congress by the presidents of Harvard, MIT and UPenn. Griffin, the founder of hedge fund Citadel, said he is no longer supporting Harvard financially but would like that to change. The donor backlash at Ivy League schools raises questions about the sway wealthy individuals hold over educational institutions. Just last April, Griffin made a $300 million gift to Harvard’s Faculty of Arts and Sciences (FAS). Griffin suggested that students at elite schools are “just caught up in the rhetoric of oppressor and oppressee and… just like whiny snowflakes.”The billionaire also reiterated that he won’t hire students who signed an anti-Israel statement issued by Harvard organizations in October.
Persons: Ken Griffin, ” Griffin, Griffin, CNBC’s Leslie Picker, , , “ Will, it’s “, Leslie Wexner, Len Blavatnik Organizations: New, New York CNN —, Harvard University, Harvard, University of Pennsylvania, MIT, UPenn, Citadel, MFA Network Miami, Ivy League, Harvard’s Faculty of Arts and Sciences, FAS, Harvard College, Bloomberg Locations: New York, Columbia, Miami, microaggressions, Israel
The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak. However, median rent is still $309 higher than the same time in 2019, before the pandemic. What’s more, 12 million of those renters are severely cost burdened, which means they are paying more than half of their income on housing. Following changes in housing needs during the pandemic and an already existing low supply of multifamily housing in some markets, rents surged in 2021 and 2022. Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters.
Persons: Chris Herbert, , Whitney Airgood, Douglas Elliman, Miller Samuel Real, , Anthemos Georgiades, ” Georgiades Organizations: DC CNN, Harvard University’s, for Housing Studies, Harvard Joint Center for Housing Studies, Harvard, Census Bureau, Builders, National Association of Home Builders, Baby Boomers Locations: Washington, United States, Manhattan
But significantly improving a recipient's housing situation might only be possible in a longer-term program or with larger payments, the researchers found. And the cash transfers did not cause recipients to work less , a common concern with basic income programs, the report found. A growing landscape of basic income experimentsLocal and state governments across the country are experimenting with guaranteed basic income programs, often targeting the region's most vulnerable residents, including new and expecting mothers and the lowest-income families. AdvertisementRecipients of a year-long basic income program in Austin, Texas, used most of the cash on housing costs and became "substantially more housing secure," according to surveys. "One of the undergirding premises of basic income programs, in general, is giving folks the decision-making latitude to choose for themselves where that money goes," Palmer said.
Persons: Vanessa Palmer, Andrew Goodman, Bacon, Palmer, Organizations: Minneapolis who've, Federal Reserve Bank of Minneapolis, Federal Reserve, Federal Reserve's Center, Indian Country Development, Federal, Opportunity, Growth Institute, Urban Institute, Harvard, The New York Times, Department of Housing, Urban Development Locations: Minneapolis, Twin Cities, Austin , Texas, Washington ,, San Francisco
Investment firm CEO Ken Griffin accused Harvard University of producing "whiny snowflakes." He's donated a total of over $500 million to Harvard as of April. "I'm not interested in supporting the institution," Griffin said during the MFA Network conference in Miami on Tuesday. Griffin said Harvard is now producing "whiny snowflakes." AdvertisementDropout Mark Zuckerberg has backed a former Facebook exec for a slot on the Harvard Board of Overseers, The Harvard Crimson reported.
Persons: Ken Griffin, Griffin, He's, , Claudine Gay, I'm, he's, Gay, Bill Ackman, Mark Zuckerberg Organizations: Harvard University, Ivy League, Harvard, Service, Citadel, Network, Harvard Gazette, Harvard Crimson Locations: Miami
CNN —A decade-long survey of the night sky has revealed a mysterious new type of star astronomers are referring to as an “old smoker.”These previously hidden stellar objects are aging, giant stars located near the heart of the Milky Way galaxy. This illustration shows an eruption occurring in the swirling disk of matter around a newborn star. They help the newborn star in the middle to grow, but make it harder for planets to form. Infrared images show a red giant star, located 30,000 light years away near the center of the Milky Way. Understanding how the old smokers release elements into space could change the way astronomers think about the way such elements are distributed across the universe.
Persons: Philip Lucas, Lucas, , Zhen Guo, Fondecyt, Guo, ” Guo, ” Lucas, Dante Minniti Organizations: CNN, Royal Astronomical Society, Astronomers, Survey, Cerro Paranal Observatory, Southern, University of Hertfordshire, University of Valparaiso, University of Hertfordshire Red, NASA, Andrés Bello University Locations: Chilean Andes, Cerro, Chile
Rather than being attracted to light, researchers believe that artificial lights at night may actually scramble flying insects' innate navigational systems, causing them to flutter in confusion around porch lamps, street lights and other artificial beacons. Political Cartoons View All 253 ImagesThat would make sense if the strongest light source was in the sky. But in the presence of artificial lights, the result is midair confusion, not attraction. They also documented that some insects will flip upside down — and often crash land — in the presence of lights that shine straight upward like search lights. Insect flight was least disrupted by bright lights that shine straight downward, the researchers found.
Persons: that's, , Tyson Hedrick, Hill, “ They're, Sam Fabian, Avalon Owens Organizations: WASHINGTON, University of North, Imperial College London, Nature Communications, Harvard, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: University of North Carolina, Costa Rica
AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.
Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich
Ron DeSantis was touted as a rising star with a clear path leading to the Republican nomination in 2024 and possibly into the White House itself. DeSantis also championed the policies that Trump voters claimed to want more of, like a hard line on abortion, expanded gun access and removing progressive prosecutors. The thing that DeSantis didn’t have over the billionaire reality TV star-turned-president – Trump’s personality – turned out to be a fatal flaw. Marco Rubio and Rick Scott – were unwilling to lend their support to DeSantis’ flailing campaign, endorsing Trump instead. Or one could look at DeSantis’ charmless offensive and conclude that his presidential ambitions will never be more than that – ambitions.
Persons: , “ Donald Trump, Ron DeSantis, Prusher Jordana Miller, DeSantis, , Joe Biden, Scott Maxwell, , “ Ron DeSantis ’, Mickey Mouse, ” Ana Navarro, Gary Fineout, Trump, Ron DeSanctimonious, doesn’t bode, Brandon Girod, Democrat Andrew Gillum, Joseph Ladapo, Marco Rubio, Rick Scott –, , Hillary Clinton, Barack Obama –, Clinton Organizations: Florida Atlantic University, CNN, New, Florida Gov, Republican, Harvard Law School, Yale University, Trump, Orlando Sentinel, Disney, Business, POLITICO, Florida Republicans, DeSantis, White, Pensacola News, Democrat, Sens, Democratic, Twitter, Facebook Locations: Florida, Iowa, New Hampshire, Miami, POLITICO Florida, Tallahassee, Sunshine
By Kanishka SinghWASHINGTON (Reuters) - Over a dozen students alleged on Monday that Harvard University failed to protect them from harassment and threats "based solely" on their pro-Palestinian identity, the group representing them said. The Muslim Legal Fund of America said its legal division filed a civil rights complaint on Monday with the U.S. Education Department's Office for Civil Rights on behalf of those students. The Harvard students alleged "harassment, intimidation, threats and more based solely on them being Palestinian, Arab, Muslim, and supporters of Palestinian rights," the group said. Some students alleged that Harvard had threatened "to limit or retract the students' future academic opportunities," the Muslim Legal Fund of America said on Monday. The affected students attend Harvard College, Harvard Graduate School of Arts and Sciences, Harvard Divinity School, and Harvard Law School, the group said.
Persons: Kanishka Singh WASHINGTON, Israel's, Claudine Gay, Kanishka Singh, Bill Berkrot Organizations: Harvard University, Muslim, Fund of America, U.S . Education Department's, Civil Rights, Harvard, Rights, Harvard College, Harvard Graduate School of Arts and Sciences, Harvard Divinity School, Harvard Law School Locations: U.S, Vermont, Illinois, Israel, Gaza, Washington
New York CNN —Each January, Harvard University alumni are eligible to gather enough signatures to run for the university’s Board of Overseers. Mark Zuckerberg is throwing his support behind former Facebook exec Sam Lessin, a venture capitalist calling for significant reform to Harvard. Ackman, who led the campaign to oust former Harvard president Claudine Gay, is drawing attention to the tedious process of gathering signatures from alumni. “In the securities world, the SEC would come in an prosecute a company that made it this difficult to vote for an alternative slate,” Ackman wrote. It’s not more complicated than that.”During the virtual event on Friday, Zuckerberg said Lessin is the “type of person” he’d want governing Harvard.
Persons: Mark Zuckerberg, Sam Lessin, Lessin, Penny Pritzker, Bill Ackman, Ackman, Claudine Gay, Gay, , ” Ackman, ” Harvard, Bill, ” Lessin, , they’ve, Zuckerberg, Josh Kushner, Alfred Lin, Mark, He’s, It’s, Sam, ” Zuckerberg Organizations: New, New York CNN, Harvard University, university’s, Harvard, Facebook, Harvard Corporation, SEC, , CNN, Sequoia Locations: New York, Harvard, Israel
A spokesperson for the committee provided CNN a list of the 24 documents Harvard turned over to Congress, noting that all of them were already available publicly. Asked if she has considered adding other schools including Cornell University and Columbia University to the investigation, Foxx said yes. We are quite well aware of Cornell and Columbia,” Foxx said, adding that Columbia President Minouche Shafik was invited to testify but was unable to attend. White-shoe law firm WilmerHale is aiding UPenn in the House investigation, a university spokesperson told CNN. But that had nothing to do with our investigation,” Foxx said.
Persons: Virginia Foxx, Harvard, ” Foxx, Foxx, Jason Newton, , ” Newton, ” Cornell, Minouche Shafik, WilmerHale, UPenn, Liz Magill, Anna Rose Layden, Derek Penslar, Larry Summers, , “ We’re, Penslar “, Gay, Claudine Gay Organizations: New, New York CNN — Rep, House Education, Workforce Committee, Harvard University, CNN, Harvard, Columbia, MIT, University of Pennsylvania, Cornell University, Columbia University, Cornell, Department of Education, House, Rep, U.S, Capitol, American Academy for Jewish Research, National, Gay Locations: New York, Washington , DC, Israel, Penslar
Lawmakers in more than a half-dozen U.S. states are pushing laws to define antisemitism, triggering debates about free speech and bringing complicated world politics into statehouses. Bill supporters say that more than 30 states have adopted the definition in some way over the years. Since the Israel-Hamas war erupted, several states have passed resolutions condemning Hamas and voicing support for Israel. Some protesters gathered in the capitol in Indiana this month before the House unanimously advanced a bill incorporating the definition there. How colleges are acting to prevent or stop antisemitism on campus has become a hot-button issue across the country.
Persons: , Esther Panitch, Brian Kemp, Kenneth Stern, Stern, , Israel, Bill, , Brian Hauss, they're, Fred Deutsch, Lara Freidman, Ruwa, Yaqoub Saadeh Organizations: Democratic, Georgia's, Republican Gov, Holocaust, Alliance, Bard Center, Jewish Voice, Peace, CAIR, Defamation League, Israel, U.S . State Department, American Jewish Committee, U.S . Congress, American Bar Association, ACLU, Rep, Republican, Foundation for Middle East, Georgia State Rep, Eastern Student Association, Indiana University – Purdue University Indianapolis, Harvard, University of Pennsylvania Locations: statehouses, Israel, Gaza, Georgia, Indiana, South Dakota, New York, Iowa, Virginia, U.S, Palestinian
"Work is a part of most people's identities," says Dan L. Shapiro, the director of the Harvard International Negotiation Program. Instead of stifling your emotions, Dan L. Shapiro says you should use them to get what you want. Before going into a meeting with your boss, Shapiro suggests thinking about five "core concerns," that can help you funnel your emotions into a productive conversation. AppreciationDo you feel appreciated by your boss and does your boss feel appreciated by you? Dan L. Shapiro director of the Harvard International Negotiation ProgramStatusPerhaps your negative emotions stem from feeling like your status in the workplace isn't as high as it should be.
Persons: Dan L, Shapiro, it's Organizations: Harvard
New York CNN —A federal civil rights complaint was filed on Monday against Harvard University on behalf of Muslim and Palestinian students who say the school failed to protect them from harassment and intimidation, according to the Muslim Legal Fund of America. The complaint, filed with the Department of Education’s Office for Civil Rights, calls for an immediate investigation into Harvard, the legal group said. “They are trying to walk the campus but they’re getting accosted because they look like someone who might be Palestinian or Muslim. Last fall, the Education Department launched a federal investigation into Harvard and other universities over alleged incidents of antisemitism and Islamophobia. In October, the names and faces of Harvard students allegedly linked to an anti-Israel statement were plastered on a mobile billboard truck that drove near campus.
Persons: MLFA, , Christina Jump, , they’re, “ We’ve, ” MLFA, Alan Garber, ” Garber Organizations: New, New York CNN, Harvard University, Muslim, Fund of America, Department of Education’s, Civil Rights, Harvard, Civil Litigation Department, CNN, Education Department Locations: New York, Israel
Sen. Elizabeth Warren joined some of her colleagues in pushing for the Federal Reserve to cut interest rates. AdvertisementAs Americans grapple with high housing costs, a group of Democratic lawmakers is urging the Federal Reserve to implement relief as soon as possible. While rent costs have decreased slightly over the past few months, "high interest rates mean higher mortgage rates for landlords, who may pass off these costs in the form of rent hikes for their tenants," the Democrats wrote. Powell has previously acknowledged the impact of interest rate increases on housing costs. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the Democrats wrote.
Persons: Sen, Elizabeth Warren, , — John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Jerome Powell, Powell, they'll Organizations: Federal Reserve, Service, Democratic, Harvard's, for Housing Studies Locations: York
The Campus Wars Aren’t About Gender … Are They?
  + stars: | 2024-01-28 | by ( Kate Zernike | ) www.nytimes.com   time to read: +1 min
In the first weeks of the war between Israel and Hamas, Nancy Andrews read about American college presidents under fire and something nagged at her. Why, she wondered, did it seem like so many of those presidents were women? The vast majority — 80 percent — were against universities led by women, even though just 30 percent of colleges and universities nationwide have female presidents. Of the seven complaints filed in the weeks after the war began, all were seeking investigations of schools led by women. “Four women presidents, all new in their roles, far too new to have shaped the culture on their campuses, called before Congress?
Persons: Nancy Andrews, Andrews, Elizabeth Magill, Claudine Gay, Sally Kornbluth, Dr, Organizations: Duke Medical School, American Academy of Arts and Sciences, Republicans, University of Pennsylvania, Harvard, Massachusetts Institute of Technology Locations: Israel, Columbia
Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."
Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, , Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont
Allegations of research fakery at a leading cancer center have turned a spotlight on scientific integrity and the amateur sleuths uncovering image manipulation in published research. The blogger, 32-year-old Sholto David, of Pontypridd, Wales, is a scientist-sleuth who detects cut-and-paste image manipulation in published scientific papers. By Jan. 22, the institution said it was in the process of requesting six retractions of published research and that another 31 papers warranted corrections. The sleuths download scientific papers and use software tools to help find problems. Some journals told the AP they are aware of the concerns raised by David's blog post and were looking into the matter.
Persons: Jan, David, He's, Farber, DANA, FARBER, Sholto David, Dana, Laurie Glimcher, William Hahn, sleuths, Claudine Gay, Barrett Rollins, Elisabeth Bik, ” Bik, Ivan Oransky, Oransky, , ” Oransky, , ” They're, Bik Organizations: Dana, Farber Cancer Institute, Harvard Medical School, The Harvard Crimson, WHO, Associated Press, American Society for Microbiology, Technology, New York University, , AP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: British, Pontypridd, Wales, PubPeer, California
Not a Priest, Not a Man, but Ready to Run Fordham
  + stars: | 2024-01-28 | by ( David Waldstein | ) www.nytimes.com   time to read: +1 min
Tania Tetlow, the newish president of Fordham University, was in New Orleans, isolating with a case of Covid over winter break, when she learned that Claudine Gay had been forced to resign as Harvard’s president. Gay and faced similar condemnation for her testimony, stepped down as president of the University of Pennsylvania. Ms. Magill had lasted just 18 months. “Being a university president is a tough job on a good day,” Ms. Tetlow said recently. These are tough issues to navigate.”The ability to navigate through turbulence is one of the many assets that brought Ms. Tetlow to Fordham.
Persons: Tania Tetlow, Claudine Gay, Gay, Elizabeth Magill, Magill, ” Ms, Tetlow Organizations: Fordham University, University of Pennsylvania, Fordham, Yankee Locations: New Orleans
Opinion: What could fall apart after Trump’s victory
  + stars: | 2024-01-28 | by ( Richard Galant | ) edition.cnn.com   time to read: +13 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —In 2018, Irish journalist Fintan O’Toole proposed the “Yeats Test” to determine how bad things are in the world. Although … Haley is the last contender standing between former President Donald Trump and the Republican nomination…most Republican voters do not want an alternative to Trump; they overwhelmingly back him. Polling shows Trump even leads Haley in her home state of South Carolina.”Haley’s quest is going nowhere, wrote Daniel McCarthy. Join us on Twitter and FacebookTrump’s election-night needling of South Carolina Sen. Tim Scott, who endorsed the president over Haley, stood out.
Persons: Fintan O’Toole, Yeats, ” O’Toole, Donald Trump, , William Butler Yeats, Mitch McConnell’s, Trump, doesn’t, Joe Biden, Clay Jones, Nikki Haley, , Raul Reyes, … Haley, Haley, Daniel McCarthy, Ron DeSantis, , Paul Begala, South Carolina Sen, Tim Scott, Tim, ” Trump, Scott, E, Jean Carroll, Ana Marie Cox, Carroll —, Julian Zelizer, — Trump, ” Bill Bramhall, Biden, Douglas, Bruce A, Willis, John Avlon, Dean Obeidallah, Jon Stewart, Bill Burns, Lishay Lavi, Omri Miran, Roni, Alma, ” Lavi, ” Barbie, Oscar Bill Bramhall, New York Daily News Sara Stewart, Barbie ”, “ Tuesday’s Oscar, ‘ Barbie, Greta Gerwig, Margot Robbie, Barbie, it’s, Brad Meltzer, Ken, , Hannah Ryan, Barbie ’, Sofia Coppola’s ‘ Priscilla ’, Priscilla Presley’s, Elvis —, Molly Manning Walker’s, Ava DuVernay’s, Noah Berlatsky, Dr, Strangelove ”, Peter Bergen, Elena Sheppard, Kyte, Nick Anderson, Narges Mohammadi, Jennifer Tucker, Wayne LaPierre, Erik German, Frida Ghitis, Elon Musk, Jill Filipovic, millennials, David S, Cohen, Greer Donley, Rachel Rebouché, David Mark, , Lisa Benson, Suzanne Plunkett, Michelle Francl didn’t, Rosa Prince, You’re, you’ll Organizations: CNN, GOP, Republican, Trump, Polling, Florida Gov, Republican Party, , Twitter, Facebook, New York Daily, CIA, New York Daily News, Warner Bros, Warner Bros ., Academy, Counterpoint, NRA, Harvard, Bryn Mawr College, Boston Harbour Locations: Irish, , Ukraine, New Hampshire, South Carolina, Iowa, New York, Douglas London, Georgia, Gaza, Israel, Bergen, Boston, Pennsylvania
At some point during your teenage years, you probably developed an idea of what "success" as an adult would look like. Sticking to that definition as an adult is a surefire way to end up unhappy, according to serial hospitality entrepreneur and New York Times bestselling business author Chip Conley. "And we either tried to emulate that and live up to it, or we in some cases rebelled against it. Rather, you should "acknowledge the negative aspects ... [and] evaluate whether there's another way to think about the situation," she noted. I wonder if I can change anything about this situation or my expectations about it," wrote Maenpaa.
Persons: Chip Conley, Conley, David Blanchflower, you've, Jenny Maenpaa Organizations: New York Times, Harvard Business, Dartmouth, Procter & Gamble, Hospitality, Modern Elder Academy, CNBC
If you’re a celebrity seeking to rebrand, the Sundance Film Festival can offer a useful assist. From Marvel superheroes seeking an indie turn to teenage movie stars hoping to segue into spicy adult roles, the snowy event is the perfect place to debut a new direction. This year’s big rebrand was so skillfully executed that many people I ran into here at Sundance didn’t even know it had happened at all. If they had, we might have gotten a mob scene at one of the typically sedate short-film showcases, where an 18-minute project called “The Heart” premiered from a fledgling filmmaker credited as Malia Ann, though she’s much better known as Malia Obama, the daughter of the former president. “You’re Obama’s daughter.
Persons: Malia Ann, Malia Obama, Obama, Donald Glover, , ” Glover, “ You’re, Organizations: Sundance, Marvel, Weinstein Company, Harvard, GQ
In recent years, AI software that helps radiologists detect problems or diagnose cancer using mammography has been moving into clinical use. This extra review has enormous potential to improve the detection of suspicious breast masses and lead to earlier diagnoses of breast cancer. With RadNet’s AI tool, “it’s as if all patients get the benefit of our very top performer.”But is the tech analysis worth the extra cost to patients? The health system has developed AI models and is testing the technology with mammograms but doesn’t yet offer it to patients, she said. In the late 1980s and early 1990s, “computer-assisted detection” software promised to improve breast cancer detection.
Persons: , , Etta Pisano, RadNet, Gregory Sorensen, Sorensen, generalists, ” Sorensen, Laura Heacock, NYU Langone Health’s, Heacock, it’s, Constance Lehman, ” Lehman, RadNet’s, Dr, Sanjay Gupta, Christoph Lee, mammography, Robert Smith, ” Smith, Smith, we’re Organizations: Health, American College of Radiology, NYU, Cancer, , National Cancer Institute, FDA, Medicare, Services, CMS, Radiology, Massachusetts General Hospital, Harvard Medical School, Imaging Research, Mass, Get CNN, CNN Health, Screening, Research, University of Washington School of Medicine, American Cancer Society, Kaiser Health, KFF Locations: Manhattan, Baltimore, RadNet, New York, New Jersey, mammograms, Boston, Massachusetts, United States, Europe, Sweden, U.S
In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.
Persons: , Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London
If you've been struggling to find a cheap rental, you're not alone: Low-rent apartments are harder to find than ever. And homes with rent between $600 and $799 fell from almost 9 million to 5.8 million units. Meanwhile, the number of homes that rent for at least $2,000 per month more than doubled, climbing from about 3.2 million to 7.3 million homes. This is just more evidence of the housing affordability crisis many cities and towns across the country are facing. Middle-income renters — those who make between $30,000 and $74,999 annually — saw the most dramatic increase in housing costs between 2019 and 2022.
Persons: you've, Organizations: Service, Business, Harvard's, for Housing Studies, Harvard Locations: California
Total: 25