Verizon, Leanne Adams, Brooke Lauren discussed on Marketplace
3rd good to have you with us. We begin today with climate change a top priority in President Biden's administration. Ah, huge problem to tackle to be sure, but there is some low hanging fruit, some relatively easy fixes that do have bipartisan support. Case in point today, the Environmental Protection Agency released a proposed rule to phase down the use of HFCs hydrofluorocarbons. These are chemical refrigerants and products we use every day and they do a lot of damage to the climate. Marketplaces. Kimberly Adams gets us started. The EPA in line with the law, passed late last year, wants to reduce the production and importation of HFCS by about 85% before 2035 Dan Lashof is the U. S director of the World Resource is Institute HFCS, he says they're super pollutants used in refrigeration. Mostly that can have thousands of times the global warming impact of carbon dioxide and says Lashof, citing EPA is numbers. The net benefits of this rule are expected to be about $280 billion through 2050, and that's mostly from reducing global warming impacts. But some of those benefits are from improved efficiency of the new refrigerants and everyday things. David Doniger is with the natural resource is defense counsel HF Caesar and refrigerators air in the air conditioner of your car there inform installations that you might find in the wall. The House and Doniger says most consumers won't really notice the transition kind of like when we phased out CFC's chemicals that damage the ozone layer. We've gone through two generations of these refrigerant changes already, and you can't see the difference in the price of new air conditioners and the industry is on board knowing the plan, even if they'd like some tweaks allows them to plan Helen Walter Taryn Oni is with the Air conditioning, heating and refrigeration Institute. There's been an estimate of 39,000 jobs will be created with the face down of HFCs because all those systems will eventually need to be replaced. And someone has to manufacture the next generation refrigerants. I think that no matter which side of the coin, you look at it, it's kind of a win all around. And you know what? These days. Let's just take the win in Washington. I'm Kimberly Adams for marketplace. In the housing news. Mortgage delinquencies are way down as of last week, more than 91% of homeowners had made their April payment the largest share in any month during the pandemic so far That's the latest from mortgage data firm Black Knight. It's yet another sign of the improving economy and the impact of pandemic relief checks. But beneath the headline numbers are some stark disparities. Marketplaces. Amy Scott has more Back in November, Brooke Lauren and her husband paused their mortgage payments. She's a home school teacher and crypto currency trader and Colorado Springs. He'd been out of work for several months and then found a low paying job in HR. We're making late payments so rather than pay $50 a month Late fees every month. He just did it for barracks for three months. Then in March, just as therefore, Barents was about to expire. Their pandemic relief check arrived when her husband found a higher paying job that came in just at the right time. We're actually stood for doing pretty well because he's got two jobs and propels doing pretty well. Tooth Lauren Story is in some ways the story of the economy right now. Andy Waldon with Black Knight credits the combination of government stimulus, a stronger job market and a typical seasonal bump in people's pocketbooks from tax refunds and bonuses. Walden says two thirds of homeowners who were in for parents plans at some point over the past 12 months have now left them over 40% of those homeowners or re performing. Another 15% of paid off their mortgages go through selling their home or through refinancing their mortgage. That leaves more than two million mortgages still in for parents, and the improvement hasn't been equal. The Federal Reserve Bank of Philadelphia found that last month 11% of black homeowners were in for parents compared to just 4.5% of white homeowners. Leanne Adams is with Neighbor Works America, a nonprofit housing and community development group. She says black homeowners could be at higher risk of foreclosure when for parents protections expire. We know from the last crisis that black homeowners were really disproportionately impacted. And she says it took longer for them to recover. I may be Scott for marketplace. On Wall Street today. I'm not saying it's inflation. I'm on Lee, saying Rising prices are leading some companies to record profits. Good amount of green out there today. Details when we do the numbers News today that Verizon is selling Yahoo and AOL well to the private equity firm Apollo Global Management for $5 billion in cash and stocks. That's about four billion less than Verizon paid for those two companies. Not all.