Rent for poorest Americans really is too damn high

first_imgSchuetz suggests expanding government rental assistance, which is currently not distributed very widely.That’s a good idea, but it’s important to remember that giving more poor people housing vouchers will tend to raise rents overall — some of the benefit of government assistance will accrue to landlords.Another idea is to build more housing.Zoning and other development restrictions should be relaxed. Incentives should also be put in place to encourage smaller units.This supply-based policy would complement the demand-based measure of better housing subsidies, giving poor Americans more places to live, and helping them pay for those dwellings.A third component of reform should directly attack the harms of housing insecurity. Eviction should be restricted.A simple idea is to make landlords give tenants a much longer notice before evicting them. Larimore and Schuetz find that the average household in the bottom fifth has only $476 to spend every month after paying rent.This is down from about $600 a month at the turn of the century, in inflation-adjusted terms.Imagine having to feed and clothe a family, commute to and from work, and keep the heater running on $476 a month!Fortunately, that number doesn’t include government assistance.Schuetz estimates that a low-income household may also receive about $333 a month in food stamps and $417 a month in earned income tax credits.That’s in addition to other benefits they may receive, such as health care, child-care assistance, unemployment insurance, Social Security disability payments and others.Those programs can and should be increased. Categories: Editorial, OpinionAre poor Americans doing better than they used to, or worse? It’s hard to know, because so many important things in life — social status, emotional health, human relationships — can’t be measured.But in purely material terms, many things have improved. Though a substantial number of Americans of all income groups are homeowners, poor Americans are more likely to rent.In real terms, the rent paid by low-income households has risen modestly — about 9 percent.Meanwhile, real income for the bottom fifth fell by about the same amount.Squeezed between smaller paychecks and higher rents, the poor have less and less money each month to spend.Larimore and Schuetz estimate that poor American households pay more than 55 percent of their earnings in rent, compared with less than 30 percent for households in the second-lowest quintile.Despite much public outcry over rising rents in the U. S., most non-poor households are still able to afford shelter without a severe economic burden.More money spent on rent means less for everything else. But as Schuetz notes, those big rent burdens harm poor households in ways not reflected in their cash spending.When you pay more than half of your income in rent, even a small or temporary dip in earning can be enough to put you out on the street.As Harvard University sociologist Matthew Desmond documented in his book “Evicted: Poverty and Profit in the American City,” the experience of being kicked out of one’s home is a shattering one — and, sadly, one that is increasingly common.It imposes huge costs on the family being evicted — they have to find temporary housing, find a new place to live, pay the cost of moving, and establish new commuting and shopping patterns, all while either holding down a job or searching for one.Small wonder, then, that lack of affordable housing leaves permanent scars on children who experience it.Having a secure place to sleep is one of the most basic human needs — it has not changed since the first caveman crawled under a rock to escape the rain.So how can the U.S. solve the housing problem for its poorer citizens? Homelessness is down.Government assistance to families with children has lowered the official child poverty rate.Hunger has fallen as well.Though the country doesn’t do a great job at providing the poor with health care, things have improved marginally since the Affordable Care Act went into effect.What’s more, most of the poor now possess items that you would find in most middle-class households.According to a 2011 Census report, 53 percent of households in the lowest income quintile have a computer, 65 percent have a clothes dryer, and 38 percent have a washer, dryer, refrigerator, stove, dishwasher and a telephone.But there is at least one way in which poor American families are being increasingly squeezed — the rent. A new research note from the Federal Reserve Board’s Jeff Larrimore and Jenny Schuetz of the Brookings Institution shows a combination of rising rents and falling incomes among the poorest fifth of households. Now, most U.S. states allow landlords to evict tenants for nonpayment of rent after just a few days.If landlords had to give a longer notice — perhaps a month of lead time — it would shift some risk to the property owner, and give poor families time to find new arrangements.Landlords would respond to that risk by increasing rents, of course, but with eviction protections a rental increase is less dangerous.So in order to improve the lives of the country’s poor, there should be more focus on housing.Little action is likely at the federal level, but state and local governments can do a lot to help their least advantaged citizens have an easier time keeping a roof over their heads.Noah Smith, a Bloomberg View columnist, was an assistant professor of finance at Stony Brook University. He blogs at Noahpinion.More from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationlast_img read more

India becomes third hardest-hit country with nearly 700,000 coronavirus cases

first_imgIndia has registered 19,963 deaths from the virus, a much lower number than many other badly hit countries.India’s major cities have been worst hit by the pandemic. New Delhi and Mumbai each have about 100,000 cases, with 3,000 dead in the capital and nearly 5,000 in Mumbai.New Delhi has opened a new 10,000-bed temporary virus hospital while other cities are tightening restrictions on movement to head off a new surge in cases.The Kerala state capital, Thiruvananthapuram imposed a new lockdown from Monday with public transport shut and only pharmacies allowed to open. The clampdown came after hundreds of new cases were reported across the state, which had been praised for its action to curtail the pandemic. Topics : India announced Monday that it has nearly 700,000 coronavirus cases, taking it past Russia to become the third-hardest-hit nation in the global pandemic.The health ministry said 697,358 cases had now been recorded, a rise of 24,000 in 24 hours, while Russia has just over 681,000. The United States and Brazil have the highest numbers of cases but India’s tally is not expected to peak for several more weeks and experts predict the one million figure will be passed this month.last_img read more

Golar LNG Partners Secures New FSRU Contract

first_imgGolar LNG Partners has agreed a 15-year charter for a floating storage and regasification unit (FSRU) in the Atlantic Basin with an undisclosed energy company.Under the agreement, the Partnership has the flexibility to nominate either the Golar Spirit or the Golar Freeze to service the contract, provided that the nominated FSRU satisfies certain technical specifications ahead of project start-up, which is expected in the fourth quarter of 2018.The FSRU will reportedly be deployed to Jamaica under an agreement with US-based New Fortress Energy, Reuters said citing industry sources.The vessel is expected to remain in service for up to 15 years without drydock and will therefore undergo drydocking as well as some minor modifications prior to service commencement, Golar LNG Partners said, adding that the deal is expected to generate annual operating income before depreciation and amortisation of between USD 18 and USD 22 million.The charter includes an option after 3 years for the charterer to terminate the contract and seek an alternative regasification solution, but only in the event that certain throughput targets have not been met.Additionally, Golar Partners will have a matching right to provide such alternative solution. The charter also includes a 5-year extension option.“Securing this contract demonstrates the underlying value of the Partnership’s existing assets, adds significant term and revenue backlog whilst simultaneously reducing re-contracting risk. It also reflects the growing interest in smaller, cost competitive FSRUs that can facilitate the opening of niche markets previously considered uneconomic for LNG,” Graham Robjohns, Golar Partners CEO, said.last_img read more

Drug ‘surrenderer’ shot to death in La Paz

first_imgOfficers of the La Paz police stationhave yet to identify the suspects as of this writing./PN Killed was Angelito Yee, a resident ofthe village. He sustained multiple gunshot wounds on the body, police said. According to police investigation, Yee’sneighbor heard gunfire around 1 a.m. on Nov. 15 before cops discovered thevictim’s lifeless body. Recovered from the crime scene were twosachets of suspected shabu, drug paraphernalia and 11 empty shells of a.45-caliber pistol.center_img The victim turned himself in to thepolice as a drug user in 2017 and underwent rehabilitation. ILOILO City – A 53-year-old drugsurrenderer was shot to death by unidentified gunmen inside his house inBarangay Burgos, La Paz district. last_img read more

No bail bond for drug suspect

first_imgThe suspect was detained in the custodial facility of the La Carlota City police station./PN The 34-year-old resident Joas Desamparado was caught on the strength of an arrest warrant around 6:30 a.m. on June 12, police said. BACOLOD City – The court recommended no bail bond for the temporary liberty of a drug suspect arrested in Barangay 2, La Carlota City, Negros Occidental.center_img Police officers served the warrant issued by Judge Mila Yap-Camiso of the Regional Trial Court Branch 74 in La Carlota City dated June 8, 2020.last_img read more

Wildcats Battle In 4-Way Meet At Hillcrest

first_imgThe Wildcats finished 3rd in the 4 way last night at Hillcrest. Greensburg won the event with a 186. Medalist for the match was Matt Zinser from Oldenburg with a 44.Scores for the Wildcats were: Zach Jewell 49, Christian Mackie 51, Chase Tolhurst 54, Kyle Grubb 54, and Justin Studt 58. FC will be competing on Saturday (5/12) for the EIAC championship.Courtesy of Wildcats Coach Dustin Riley.last_img

BOXING: Tyson Fury reveals why Anthony Joshua fight won’t happen

first_img Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way2020 Tattoo Trends: Here’s What You’ll See This YearBest & Worst Celebrity Endorsed Games Ever Made12 Marvel Superheroes When They Were KidsInsane 3D Spraying Skills Turn In Incredible Street Art10 Risky Jobs Some Women DoWho Earns More Than Ronaldo?The Very Last Bitcoin Will Be Mined Around 2140. Read More8 Superfoods For Growing Hair Back And Stimulating Its Growth6 Ridiculous Health Myths That Are Actually TrueWho Earns More Than Ronaldo?Top 10 Tiniest Phones Ever Made Loading… Tyson Fury has cast doubts over his anticipated Battle of Britain with Anthony Joshua by claiming the fight won’t happen because his rival and his promoter ‘know I’ll go through him like a hot knife through butter’. The two heavyweight champions have agreed finances on a two-fight deal though a number of key details have not yet even been discussed. British boxer Tyson Fury celebrates after defeating Deontay Wilder WBC king Fury is free to fight Joshua next should he come through his trilogy clash with Deontay Wilder but has told former super-middleweight champion Carl Froch that he does not expect AJ to fulfill their agreement. Speaking on his podcast, Froch said: ‘I put something on my Insta story – it was a picture of AJ and Fury facing off with a ticking clock above it. I’ve had a message in my direct inbox from Tyson Fury. ‘He’s put, “The fight won’t happen, the man’s a s***house. He and his promoter know I’ll go through him like a hot knife through butter”. ‘So that’s Fury’s response to me putting a picture of them two facing off. ‘He genuinely doesn’t think that Joshua or Eddie Hearn want the fight but I think they do. I think AJ has to take the fight or his credibility is gone. Hearn and Joshua ‘That’s the one everyone wants to see and it has to happen next.’center_img There has been huge clamour for Fury and Joshua to meet in a blockbuster clash which would see the first undisputed heavyweight champion crowned since Lennox Lewis in the early 2000s. With fights of this magnitude complications are inevitable but a significant one was removed on the weekend when Dillian Whyte relinquished his chance to challenge Fury for his WBC world title next following his knockout defeat by Alexander Povetkin. Both Fury and Joshua are otherwise engaged and must deal with Wilder and Kubrat Pulev respectively before settling the argument over who is the greatest heavyweight of their generation, but AJ is already engaging himself in the fighting talk. ‘I have a lot of respect for the man, he’s a good family man and a good fighter, but on the other hand, I want to break his head,’ Joshua said curtly while appearing on Sky One’s A League Of Their Own. The unified champion then made a forthright prediction about Fury’s fate.  Anthony Joshua Read Also: Ronaldo missing as Messi, Neymar, Sterling make 2019-20 UCL squad ‘First six rounds, I think, well I know I’m going to take him out then,’ he said. ‘I have had a shorter career, so I’m fresher. ‘I’ve been in the deep end longer so I can handle the pressure and I believe I’m going to take him out.’ FacebookTwitterWhatsAppEmail分享 last_img read more

Pardew focused on Liverpool trip

first_img Press Association The 52-year-old was booed whenever he entered his technical area during Saturday’s 3-0 Barclays Premier League victory over Cardiff at St James’ Park, which ended a run of six successive defeats. However, he is refusing to allow the pressure to get to him as he prepares for Sunday’s final day trip to Liverpool. Newcastle boss Alan Pardew admits he has been saddened by calls from the club’s fans for his head. center_img Pardew told the Shields Gazette: “Obviously, I’m a little bit sad about the situation, but my resolve has to be strong to make sure the players are ready for Liverpool. “We need to go to Anfield and put in a top performance.” Pardew, who signed an eight-year contract in September 2012, is not understood to be in any immediate danger, although he will have to negotiate his end-of-season debrief with owner Mike Ashley, something he managed by the skin of his teeth 12 months ago after a desperate fight against relegation. This time around, the Magpies will finish no lower than 10th, a significant improvement on the last campaign, although one which might have been markedly better but for the decision to sell star midfielder Yohan Cabaye in January and not replace him. Should Pardew receive the green light from Ashley, he will hope to embark upon a major rebuilding exercise this summer with strikers Loic Remy and Luuk de Jong only on loan and Shola Ameobi out of contract, while a replacement for Cabaye will be a priority too. Pardew said: “We need to make sure that we start next season in the same position we started this season. We had a strong team and were challenging for Europe. “But towards the back end of the season, we have not been that good. We need to accept that, accept the criticism and make the right calls.” last_img read more

Enyimba, Others Jostle for Final Eight Spot

first_imgPaul Bassey in Algeria for Bejaaia, Zamalek clashDespite a convincing 3-0 CAF Champions League first leg victory against Etoile Sportive du Sahel in Port Harcourt a fortnight ago, Nigerian Champion, Enyimba FC, is set for a strange midweek fixture that may turn out to be a do or die confrontation tomorrow in Sousse, about 150 kilometres from the Tunisian capital city of Tunis.Already in Tunis for the top of the bill confrontation that will be handled by Moroccan officials with Sinko Zeli of Cote d’Ivoire as match commissioner, the Nigerians are confident of holding on to their impressive 3-0 advantage.The Tunisian media has applauded CAF for the appointment of the Moroccan referees who they consider as “justice” in reference to the Togolese officials that handled the first leg match. They are however wondering why a West African has been appointed a match commissioner same as Alhaji Dauda Jawula of Ghana who handled the first leg matchNo stranger to the vociferous support expected from Etoile supporters in Sousse, Enyimba Chairman, Felix Anyansi-Agwu told the media before departure Lagos yesterday night that they were ready for the worst.“We have trained under floodlight and on artificial turf. We are ready for a capacity and sometimes unfriendly crowd. Enyimba will not be intimidated. The three goals we scored back home cannot be disputed and we will endeavour to re-establish our superiority before their very own fans,” stressed Anyasi-Agwu before departing Lagos yesterday.In another development , respected CAF and FIFA Match Commissioner, Paul Bassey, is in Algeria to superintendent over what is expected to be an explosive return leg match between Mouloudia Olympic Bejaaia of Algeria and Zamalek of Egypt.The North African derby will have Tunisian referees headed by Youssef Essrayi.While flying out aboard Emirates Airlines from Abuja last Friday, Bassey modestly contested the view that he was specifically picked for the match by CAF considering its high risk nature.“No. I know it will be tough, with Mouloudia hoping to overturn a two-goal deficit, but don’t forget that at this stage all the matches are considered tough being the last matches that will guarantee qualification to the group stage,” observed Bassey who also doubles as chairman of Akwa United FC.The Mouloudia versus Zamalek match is to kick off at 6pm this evening in the beautiful town of Bejaaia home town of Mouloudia.This midweek’s matches see several big names in trouble, including defending champions TP Mazembe, who find themselves 2-0 down ahead of hosting Wydad Casablanca in Lubumbashi tomorrow afternoon.Today’s action sees Zesco United looking to wrap up progression as they host Stade Malien. The Zambians claimed an impressive 3-1 away win in the first leg in Bamako and will be confident of adding to their advantage in Ndola.Ivory Coast giants ASEC Mimosas travel to Al Ahly Tripoli while the clash between 2014 winners ES Setif and Sudan’s El Merreikh promises to be a thriller, with the teams locked at 2-2 ahead of the return game in Algeria.Al Ahly will be targeting a home win when they host Tanzania’s ever-improving Young Africans (the teams drew 1-1 in Dar Es Salaam in the first leg), while South Africa’s Mamelodi Sundowns need a victory against DR Congo’s AS Vita after a heartbreaking 1-0 loss in the first leg in Kinshasa.The eight aggregate winners will advance into the group stage of the Champions League, while the eight losers will move into the playoff round of the Confederation Cup.FIXTURESTUESDAY 19 APRILAl Ahly Tripoli v ASEC Mimosas (0-2)Zesco Utd v Stade Malien (3-1)MO Bejaia v Zamalek (0-2)ES Setif v Al Merreikh (2-2)WEDNESDAY 20 APRILTP Mazembe v Wydad Casablanca (0-2)Etoile du Sahel v Enyimba (0-3)Mamelodi v AS Vita (0-1)Al Ahly v Young Africans (1-1)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more