35 Burst results for "Chris Arnold"

Extra $600 in unemployment benefits ends in days

Science Friday

00:49 sec | 2 weeks ago

Extra $600 in unemployment benefits ends in days

"Have been getting an extra $600 a week in unemployment money from the federal government that ends this weekend. NPR's Kris Arnold reports millions of out of work. People have been using that extra 600 hours to pay rent and stay in their homes. But that ends now, which is sparking worries that we could see an historic wave of evictions in a spike in homelessness policy nose with the National Multi Family Housing Council, which represents big apartment building owners, We don't have to let a public health crisis become a housing crisis. It doesn't have to happen. Landlord groups and housing advocates are both asking Congress to extend the expanded unemployment money Democrats are onboard. Republicans want to reduce the amount. Democrats also want to create a separate $100 billion rental assistance fund. Chris Arnold. NPR NEWS Federal

NPR National Multi Family Housing Kris Arnold Chris Arnold Congress
"chris arnold" Discussed on KCRW

KCRW

03:49 min | 3 weeks ago

"chris arnold" Discussed on KCRW

"Chris Arnold. NPR NEWS This's all things considered from NPR news. Three senior ministers in France are under investigation after nearly 100 complaints were filed by doctors, patients and the families of victims of the Corona virus. They are accused of failing to act quickly enough to stop the pandemic. Frances Thie first country to launch such probe, But as reporter Rebecca Rossman reports, those behind the landmark investigation hope it will encourage others elsewhere. In February, Ludovic to row, a doctor working in the Paris suburbs, wrote the French government with a stark warning. The new Corona virus, first seen in China was circulating widely in France, he said, and hospitals were not prepared. More damask. It'd taste in the letter to row, says he begged the government to send more test kits, masks and other protective gear to his hospitals. For months. Nothing came Tantaros. Worst fears became reality hospital staff started falling ill with the virus. Two of his colleagues died. He says these deaths and many others could have been prevented if the state had acted quicker and been better prepared. Francis Dental has exceeded 30,000. So far. The third worst total in Europe is so, um, City than Mrs How is it possible that in France, the sixth largest world power, we didn't have enough equipment to protect us in March to Rome on his colleagues filed complaints against then Prime Minister Edward Philippe, along with the former health minister Anya's bruise on and her replacement, Olivia Fallon. Earlier this month, A special court said it would investigate some of the accusations, including that all three had quote failed to fight a disaster. If convicted, they could face up to two years in jail and thousands of euros and fines. Arista Vizio is the lawyer representing to row and other doctors. He says the final straw was an interview. Former health minister Bozon gave to the newspaper Le Mold in mid March. Declaring that she knew that in January how bad the pandemic was going to be a sheep really crucial seven could have valued it soon. And she said quote. I cried because I knew that the tsunami wave was coming our way. The issue with that is that doctors didn't have any masks. They didn't have any test off Scrubs. We had doctors died because of these. So when we heard us say that With her. It was insane. You come in the classroom when probe about the interview At a recent parliamentary hearing, Suzanne said her words were taken out of context. Other countries have the gun looking into similar investigations. Prosecutors in northern Italy questioned the Italian prime minister last month over his government's handling of the pandemic Response. Alexey Pollan is a French journalist and founder of the political news site. Lamone Will Dan He says The French investigation has great symbolism. But he doubts the Hughes will face any punishment because in Francois, we have AH long history of elected people being never responsible and never guilty. Whatever they do, it seems that being elected is ah. Is a immunity but better than any other in front ofthe justice. But Dr Ludovic to row says it's not about putting the ministers in jail or ending their political careers. It's about holding politicians accountable and acknowledging their mistakes during basic way comes up. Otherwise, he says. We can't call France a democracy. That's what you call a monarchy. For NPR news. I'm Rebecca Rosman in Paris..

France Dr Ludovic NPR Bozon Vizio Paris Chris Arnold Prime Minister Edward Philippe Rebecca Rossman Dan He Frances Thie Alexey Pollan prime minister Rebecca Rosman Tantaros China reporter Europe Francis Dental
Zoom Call Eviction Hearings: 'They'll Throw Everything I Have Out On The Street'

All Things Considered

04:07 min | Last month

Zoom Call Eviction Hearings: 'They'll Throw Everything I Have Out On The Street'

"Moratoriums are now expiring in parts of the country and some courts are now using zoom calls to hold remote fiction hearings for people late on their rent NPR's Chris Arnold reports and a vision hearing in Collin county Texas this week was like many other zoom calls full of first timers audio problems general confusion could have trainees receive respected galaxy in Rome that's the judge who's trying to figure out who's who with a bunch of different people on the call I'm sorry I was talking can you hear me now hello wave your hand yes it would be almost kind of funny except that what's at stake here is not renters are in this soon hearing with landlords who want to evict them renters like Dino Brock's oops re reason why your rep yes Sir my company closed due to the pandemic and you have to have a letter from your employer to prove that you were affected by the corona and I was getting the run around I haven't been able to get unemployment or anything the judge said since Brooks lives within the city of Dallas he wanted to review the current rules and evictions there so her case got moved in next week her landlord declined to comment we followed up with the abrupt after the hearing she's a navy veteran and she says she has a heart condition and it she says she has no friends or family that you can move in with and I'm scared now grow everything I have outside on the street I'm gonna start crying it's a nightmare that nobody wants to go through and a lot of times people don't know what their rights are renters may have protections right now but the rules are complicated and differ from state to county the city and in this room call hearing at people who did not dial in and their landlord did it they were just out a lock I'm gonna go for this one because I don't have it here and just tell me thank you have a default judgment position background and for default judgment that basically means you didn't show up we're giving your landlord the right to evict you that happened a five people in just this one a zoom call hearing now for some people doing the zoom call might be easier than getting to the court house but some legal experts say that for other people this could deny their right to due process which includes the right to be heard what if somebody doesn't have a decent smart phone or computer or online access the elderly can have trouble connecting on video calls Emeli Benford's a professor at Columbia Law School a missed call or not being able to log into remote hearing is the equivalent of failing to appear remote hearings may not only be the loss of basic rights they could also be the difference between housing and homeless miss Deena Brooks the navy vet and Dallas is worried herself about not having a home I have nowhere to go but I feel like very depressed rest out and I did I don't know what to do so these soon call hearings are happening because it's not safe enough to gather in court but apparently it's okay for people to be put out in the street in the midst of a pandemic okay that's cool it's a cruel situation Matthew Desmond heads at Princeton university's eviction lab today is announcing a new tracking system to monitor what's happening omits the pandemic and already with some moratoriums expiring he says eviction filings are rising in Milwaukee for example the kids are out thirty eight percent last week from where they should be on a typical week in June in Milwaukee with millions of Americans still out of work due to code red at me says even actions it should not be the answer here some landlord groups agree policy now is a vice president with the national multifamily housing council we should be working to help those who have been impacted by club in nineteen through robust government assistance like she says an emergency plan from Congress for renters and landlords meanwhile the zoom eviction hearings continue but law professor Emily band for expects that legal

NFL Commissioner Roger Goodell says "we were wrong" amid protests

Texas Fishing and Outdoors

01:59 min | 2 months ago

NFL Commissioner Roger Goodell says "we were wrong" amid protests

"Twenty NFL commissioner Roger Goodell is issued a statement on the video saying that the NFL was wrong for not listening to players who have been protesting against police brutality but the player who started the protests and got the most notice Colin Kaepernick is still not on any NFL team Carol Lee Scott west talked about it with Chris Arnold from one oh five three the fan I wish it was a simple solution to all of this but the world is very complicated and the NFL and Colin Capra Nick are quite similar to where Major League Baseball is with his players union sports fans would love to see baseball this summer you think it would be an easy thing to do yet the union and the baseball owners they don't trust each other and that's where the NFL is with calling cabinet it was it would seem okay the NFL based on what Roger Goodell's video was all about they understand the protest they understand that the players what they tried to do peacefully M. and draw attention to police brutality but the leader of the message S. issues with the NFL and the NFL has issues with him they tried to answer JZ basically they tried to split the baby but although JZ had alignment with Colin Capra Nick they didn't work this thing out before JZ Gadda bar with the NFL so does more distrust then there was the opportunity for Capra Nick to have a tryout different teams wanted to test the water maybe try him out and may be added to a roster because of the mistrust on both sides that was a disaster and you can think of point on both sides but most people don't know the entire

Roger Goodell NFL Colin Kaepernick Carol Lee Scott West Chris Arnold Baseball Nick Commissioner Jz Gadda
Economic Fallout From COVID-19 Is Hard On Landlords Too

NPR's Business Story of the Day

05:57 min | 2 months ago

Economic Fallout From COVID-19 Is Hard On Landlords Too

"Explored the uncertainty from a lot of different perspectives and nothing can feel more destabilizing. The Not knowing if you're going to be able to make your rent next month we've heard on this show about how much renters who've lost income from the current crisis are struggling today. We're going to hear from the other side of that relationship. The landlord my name is Marilyn. Jim I am a small mom and pop landlord in Seattle with my husband We live in a triplex with our children and our tenants. Our House was built as a single family home in nineteen twelve by an Irish immigrant. Who had eighteen children and so? It's a good sized home sometime. In the past it was divided into a triplex. They both have day jobs but they rely on the rental income they get from several properties around the city. You know my husband will be the guy who's pushing the lawnmower so our tenants know us get to know us very well. They see us. They know that our family lives here. And and You know it's it's very much a personal up close up front relationship but that relationship has taken on a new sense of gravity since the financial crisis triggered by the pandemic all. Her tenants paid late in April and then in. May One of her tenants couldn't come up with the money at all. We came to the table with some ideas of what we could do to help. Meet them in the middle and we've come up with a plan that will take us through the next two months and then we're going to check in again in June and reassess but you know my husband and I have also had the conversation of ultimately. How long is this going to last? How long can we last? They're worried because they don't have a lot of extra money on reserve to float their mortgages if their tenants can't pay. We're not hoarding money here. And so we don't have a large cushion to tap into to get through something like this or mortgage lender is only allowing three months of forbearance and they want full repayment. At the end of free months it's hard for us to think. How are we going to get through if Are Tenants get to the point? Where there are no longer able to pay. Npr correspondent. Chris. Arnold has been looking into the dilemma that Maryland yet and many small landlords find themselves in right now and he joins us. Hey Chris Rachel so what stood out to you in Maryland Story. Will I think a lot of people are in the situation? And th there's all kinds of landlords out there and I think people tend to think about landlords is like big mean faceless corporations or you know as people rubbing their hands together wanting the money but there's just a lot of mom and POPs who were regular people and they wanna keep good tenants and they want to help them but they do depend upon this rental income right because they're not be corporations. They got bills to pay to like their mortgage and Congress mandated help for homeowners and that includes small landlords like Maryland. Were in exactly the situation and so when you play the interview for me. The the big red blinking alarm light that I heard in it was. She said that her lender told her that if she skipped payments she have to pay them all back in just a few months in this giant lump sum doesn't make any sense in this crisis in this kind of big balloon. Payment thing is is absolutely not the way that this is supposed to work. Okay so how is it supposed to work but good question So we should say that this is four home loans that our government back so by Fannie Mae or Freddie Mac and a lot of people don't even realize that their home mortgages backed by the government and somebody but seventy five percent of all homeless in the country are and so as Maryland's I checked and experts at. I've talked to say that for the vast majority of people who were struggling financially in this outbreak for them the rules say that they should make payments again when they're able to and it should be the same monthly payment their payments should not go up no big crazy. Lump sum payments should just get moved to the back and of the loan term. Okay so if it's a thirty year loan now. It's a thirty year loan plus say six months of missed payments on the back end. If these are the rules Chris Wise Maryland hearing something different and can Marilyn just push back yes she absolutely can and I've talked to borrowers who have done that. And sometimes they get a much better answer. And here's what's been going on. And after a lot of initial confusion. The Mortgage Bankers Association says that the companies are dealing with this much. Better this better information out there but the current system has a complicated set of rules and it relies on on lenders. Who've got like call center workers working from home they have to interpret this complicated set of rules properly and borrowers are sort of at the mercy of their lenders getting this right and arguably. It's not really going that well for a lot of people look at what. Maryland's going getting all SPAN INFORMATION. So that's why there are growing calls from Congress to fix this. I talked to Steve. Sharp with the nonprofit National Consumer Law Center. It's so important. We believe for Congress to step in and clearly state through law that for folks who have covid nineteen forbearance the real default should be putting their mortgage payments at the end of the lowe. Okay so just make that. The default make it automatic. So there's confusion the payments. Just go on the back end right and and some members of Congress do WANNA do this. There's a bipartisan group of State Attorneys General who were pushing for this to the CEO of a mortgage company. I talked to likes the idea and I actually called up and talked to Maryland and her husband again and I. Currently they're using their tenants security deposit and the last month's rent to sort of make up some of the difference of the rent that they're not able to pay but that's not going to be able to go on for too much longer and Maryland said look at mean having the certainty of this default option would make them much more comfortable skipping mortgage payments so that they could afford to be more flexible with with their tenants. Yeah because then. We wouldn't even need to be talking about drawing down from the money that they already put on deposit with us you know we could leave that untouched We would definitely have a whole lot more flexibility to to really see you know if if they are drawing from their savings. Maybe they don't need to do

Maryland Congress Marilyn Seattle Mortgage Bankers Association Jim I NPR Chris Wise Chris Rachel Chris CEO Fannie Mae Arnold Lowe National Consumer Law Center Steve Freddie Mac
Sales of existing homes plunge 18% in April to 4.33 million rate, slowest since 2011

Press Play with Madeleine Brand

00:50 sec | 2 months ago

Sales of existing homes plunge 18% in April to 4.33 million rate, slowest since 2011

"Reporting the economic freeze in the United States delta blow to the housing sector last month NPR's Chris Arnold says sales of previously owned homes plunged eighteen percent home sales tumbled back to the pace that they were at in two thousand and ten but for those that did sell prices remain high in many areas due to a lack of supply of homes on the market the median existing home price nationally with about two hundred and ninety thousand dollars in April that's up seven point four percent from a year ago that's according to the national association of realtors which expects that record low interest rates will remain in place for the rest of the year he added that that will help home sales rebound as state economies re open the group says more listings and construction will be needed to put the brakes on prices which are getting harder for many first time home buyers to

United States NPR Chris Arnold National Association Of Realto
Scared To Return To Work, Or Can't With Kids At Home? Here's What You Need To Know

NPR's Business Story of the Day

04:08 min | 3 months ago

Scared To Return To Work, Or Can't With Kids At Home? Here's What You Need To Know

"A lot of people who work at restaurants hair salons and other close contact type. Jobs are scared that they'll get sick. Is businesses start to reopen others? Say They can't work because their kids. Schools are still closed as a result. These people would rather stay on unemployment. So what options do workers have? Here's NPR's Chris. Arnold Lindsay is a waitress and I am. Who's been out of work for two months but this week the pug style restaurant that she waited tables at is reopening. I don't feel comfortable going back yet. I don't feel comfortable at all. I don't think that there's any way with people eating food. Not having masks on with servers having to touch their plates and their silverware. There's just absolutely no aid to keep the servers safe. Lindsay says her restaurant setting up increased handwashing and disinfecting rules and spacing the table six feet apart but she doesn't think that that's enough. Were only using her first name because she's worried about losing her job and she just feels like it's too early for restaurants to reopen. I believe that restaurants are one of the most unsafe places I mean obviously other than the various essential jobs and that's the thing that restaurants aren't as essential if we can do delivery and takeout. That's totally fine. But it's insane to put yourself in that sort of risk category just so you can walk. People their food to their table. Also she sees younger people not social distancing even having keg parties in not wearing masks and she worries that those same people will come into the restaurant. Still if your employer offers you your job back and you refuse it. Generally speaking you're not supposed to be able to keep collecting unemployment. But there are exceptions and strategies. That workers should know about Andrew statiners a worker protection expert at the progressive think-tank the Century Foundation. He says for people like Lindsey. The best place to start is by talking to your employer and say you know what I don't feel comfortable comeback back right now maybe in two weeks. I might feel comfortable once. You've got things rolling. We know how this is all working out. Can I wait? And if your employer says okay. Sure I can't even bring everybody back in anyway then. Your unemployment benefits won't stop. That's something that any worker can try. But beyond that some workers have special protections. My big concern is that most workers don't understand their rights here. Michelle Evermore is with the nonprofit National Employment Law Project. She says if you have a medical condition like diabetes heart disease and immune deficiency and your doctor advises against going to work during the pandemic Congress voted to let people in that situation collect unemployment. You have an underlying condition. I contact your employer and explain why you can't return to work and then explained to the state agency why you can't report to work and you should be eligible to remain on unemployment assistance. Evermore says the decision is made by the state unemployment office when she says a letter from. Dr Should help then. There's the problem of parents who are stuck because they can't do their job from home but they also returned to work because they don't have child care. Congress approved help for them to Hye. Feldblum is a lawyer with Morgan. Lewis and DC. She advises businesses as they reopen and. She says she tells many employers to consider letting those parents not return to work. Mine is unable to work because of child care needs because they school play here has closed then. That person is eligible unemployment. She says some people may be eligible for paid leave in addition to the unemployment benefits. But she says getting back to the safety issue. Just feeling unsafe. That's not enough to stay on unemployment now. If you just scared about going to work you have to go to work. In order to get paid studier and more say though if your workplace is not taking the basic safety precautions at similar businesses in the area are you can document that you might qualify to refuse to go back to that job and stay on unemployment. Chris Arnold NPR news.

Arnold Lindsay Michelle Evermore Congress Chris Arnold Morgan NPR Century Foundation Andrew Statiners Lindsey Lewis HYE Feldblum DC
A third of U.S. renters didn't pay on time this month

All Things Considered

01:00 min | 4 months ago

A third of U.S. renters didn't pay on time this month

"The corona virus pandemic has forced millions of Americans out of work and as a result many were unable to pay their rent on time this month as NPR's Chris Arnold reports that has the rental house seeing industry worried and it calling for additional help from the federal government normally about eighty percent of people pay their rent on time but this month only seventy percent data that's according to Doug baby the CEO of the national multifamily housing council and he says it next month could be much worse if a lot of renters don't get government assistance in time if that happens he's worried about smaller and mid size rental property owners they won't be able to pay their staffs they won't be able to pay their mortgages they won't be able to pay their utilities if up apartment owner has to shut down a fifty unit building those people have to find shelter somewhere else his group wants a government plan to help renters and landlords specific wave one idea at federal rental vouchers it sent to people which they could use to pay their

NPR Chris Arnold Federal Government CEO Doug
Cruise Industry Hit Hard By Coronavirus Outbreak Effects

NPR's Business Story of the Day

03:44 min | 5 months ago

Cruise Industry Hit Hard By Coronavirus Outbreak Effects

"As you can imagine. The Corona virus has hit the cruise ship. Industry really hard. The federal government is advising people not to go on a cruise and passengers who got stuck on ships with an outbreak of shared experiences of being quarantined in tiny rooms. Not Knowing when they'd be able to go home as NPR's Chris. Arnold reports people who've booked a cruiser. Now trying to figure out what to do. Linda Nell Bandy is scheduled to go on a cruise ship in April to Bermuda. She and her husband recently got married. They're combining their families and taking their five teenagers on. This cruise was supposed to be their first big trip together. The kids were excited. He's super excited. And it was a lot of build up over the last couple of months talking about it planning it and then current buyers the trip was a big expense six thousand dollars so as the outbreak spread. They've been grappling with what to do. They didn't want to wreck. A great vacation of the odds. Were really small that there even be a problem definitely agonizing being a bad parent. Because you're you're buying into panic or hysteria or you being a bad parent because you're bringing into a situation that maybe in retrospect you be like what was I thinking but now many cruise ship companies are trying to reassure customers that they don't need to panic and cancel now. They can wait to see what happens with this outbreak and they can even cancel just a few days before their crews and get credit for another trip later. Lifted Obama and got an email explaining that from Norwegian cruise. Line this past weekend it was a relief and definitely left us with a very warm and fuzzy feeling towards the Cruise. Line as far as what? The right decision is Dr Anthony. Fauci is the director of the National Institute of Allergy and Infectious Diseases. He spoke to NPR on this program yesterday and said since elderly people and people with underlying health problems are particularly vulnerable to this corona virus. Those people should take special precautions. You don't travel you. Don't go to very crowded places particularly you. Don't get on a cruise ship because what we've seen what happened with the cruise ship. What's happened so far is several cruise ships outbreaks and had to quarantine passengers some stricken passengers died after contracting the virus. The State Department issued an advisory on Sunday saying people in general quote should not travel by cruise ship. I was very shocked and disappointed. I think it's it's too far extreme. Stewart Sheron is worked in the cruising travel industry for thirty years and books cruises for people through his website called the cruise guy. He says to warn elderly people in those medical conditions seems reasonable but to tell everybody to stay off cruise ships. Says he'd go on a cruise today right now. There are hundreds of ships sailing around the world that are not having any issues. The Cruise Line Industry Association says the ships are taking special precautions including screening people for a fever before allowing them to start a cruise and some people are deciding that the risk seems small and his worth taking others are of course canceling or trying to Ashley. Manning is a nurse practitioner in Knoxville Tennessee. She's decided to cancel her. Crew's coming up in ten days to the Mexican Riviera on Carnival cruise line. I've called Delta canceled our flights. They were non-refundable tickets. They automatically refunded everything without even a question but getting through the carnival. I was on the phone for about three hours yesterday. Kept calling in. It just never goes to anybody and just as a voice recording and then. It'll disconnect you and you think you're still on the line carnival says it's ramping up staffing but as any seasoned traveler knows when everyone calls it once it's hard to get through so if you are going to cancel your crews. Don't leave it until the very last minute

Cruise Line Industry Associati Linda Nell Bandy NPR Fauci Federal Government Dr Anthony Ashley National Institute Of Allergy Barack Obama Arnold Stewart Sheron State Department Bermuda Knoxville Director Manning Fever Delta Tennessee
Mortgage Rates Fall To Record Lows. Does It Make Sense To Refinance?

NPR's Business Story of the Day

03:36 min | 5 months ago

Mortgage Rates Fall To Record Lows. Does It Make Sense To Refinance?

"Many people across the country have been calling up mortgage companies this week. There many people asking for refinancing of their home loans. That's because mortgage rates have been hitting record lows. Npr's Chris Arnold been following all this and it's on the line. Hi There Chris a Steve. What's causing the drop in interest rates? Well stocks of course have been falling over fears about the krona virus. And that is that people are buying treasury bonds. It's like a flight to safety. Because Treasury safer investment and the Fed has also been cutting rates and all that is leading to the lowest mortgage rates on record over the past fifty years and how many people are trying to take advantage. Well we're seeing a very big jump that Last year I think it was three times the normal rate of mortgage applications and people are calling because they can save hundreds or thousands of dollars what we talked to Jay Farner. He's the CEO of quicken loans. In the last week we've probably had three record days. Yesterday was again a new record for mortgage applications. It really is one of those once in a lifetime opportunities. I I'm not certain while see rates likeness again. Ed this is maybe like the one silver lining in all these dark clouds around the economy. Because of this very scary corona virus and it's having this effect of lower rates so a lot of homeowners can save money refinancing. You can save money. Buying a house to all of that helps regular people and it helps out the the the the broader economy. I guess if you're running the Fed You're happy about this. This is why you've been cutting interest rates. You want to encourage economic activity in moment when a lot of economic activities seem to be disrupted in some ways. But how do individual homeowners know that? It's worth refinancing given that it ain't free right. Well I mean by definition mortgage rates are at record lows. That means anybody with a house has a rate that's higher than the rates. You can get today with the question is. Is it a big enough drop to make it worth it if you refinanced? So I talked to Mike Fratton Tony. He's the chief economist. The Mortgage Bankers Association. He worked up this estimate based on rates from last week. More than eighty percent of all homeowners with the mortgage could have benefited from refinancing. They could have saved at least half a percent in terms of the rate on their mortgage and then given that rates have fallen even faster. This week you know that just means that the vast majority of all homeowners at this point likely would benefit from refinancing and Steve is to put some numbers around this. If you can drop your rate by one percentage point that doesn't sound like much one percent but that going to be very big effect if you have good credit a year ago rates on a thirty year fixed rate loan were four and a half percent now there around three and a half percent so on a three hundred thousand dollar mortgage that changed that one percent change can save you two thousand dollars a year in mortgage payments. Some people could save a lot more so this can mean a lot of extra money in people's pockets any other factors that people should think about. Yes for sure I mean. One thing is Shop around two or three lenders right now because of all the turmoil in the markets. That's really important. You get a better deal if you shop around Next thing is the fees. Make sure that they're worth it and a lot of people don't understand this last one. I if you've been paying your loan for a long time. It's often not so good to go back and start over with a thirty year loan. Now you'RE GONNA pay a lot more interest so you can get twenty five twenty fifteen years even better. Those are better options. And when you say fees that can be several thousand dollars for refinancing Yes yes definitely pay attention Chris. Thanks so much thanks

Chris Arnold Mortgage Bankers Association Mike Fratton Tony FED Jay Farner NPR Treasury ED Steve Quicken
Who Needs A Realtor? iBuyers Pay Instant Cash For Your House

NPR's Business Story of the Day

04:24 min | 6 months ago

Who Needs A Realtor? iBuyers Pay Instant Cash For Your House

"So if you're looking to sell your house and you don't want to deal with realtors maybe don't want people tromping through your living room while there is another option. Companies called either buyers used these computer algorithms to determine an offer price the downside of this it is typically a lower figure than if you went with a traditional route. Here's NPR's Chris. Arnold Janet Jenkins and her husband recently separated. She moved across the country to North Carolina and they decided to sell their home outside Los Angeles and doing open houses to show. The place was problematic in part because Jenkins has a lot of pets as in parrots and and peacocks and her husband was still living in the house with some of them. This is wrangler. Wrangler is an ECLECTIC parrot. He gets into a lot of mischief. And then of course you have the dog crate and you had the bird cages and it was just not the best environment. Kinda here right now how. It might showing the transfer of my places zoo. She knew the realtors would want the animals and her estranged husband out of the house which would mean him catching the bird each time. The parrot is not my husband's favorite pet also needed some repainting and carpeting to get really ready to show and she didn't want to deal with that and so I started looking up home-buying services in ran into Renton instant buyer or EIBAR. Services are growing very quickly in parts of the country companies such as Red Fin zillow open door and offerpad will give you an offer to buy your house in about a day. Then they'll send it inspector by take a closer look now can get you the money for your home as quickly as a week. Daryl fairweather is red fins chief economist. She says I buying companies also offer flexibility. So you can time the selling of your house perfectly to work with buying a new house and moving the eye buyers then spruce up to has is that they buy and sell them again. Redfin today is releasing a report on all the homes being sold this way around the country in Raleigh North Carolina more than seven percent of sales in two thousand nineteen were either sales so it's becoming quite prevalent there and then in markets like Phoenix Charlotte. Atlanta it's more than five percent of sales and fairweather says in many of those places I by our sales doubled from the year before. Redfin is also buying homes in southern California in Janet Jenkins case. She went online answered some questions about her house. And REDFORD's computers ran their algorithms and offered her around five hundred thousand dollars Jr actually thought that was a bit low and so did two of her friends who are realtors so I pushed back. Redfin made her a better offer and they had a deal. Jagan says she thinks he could have made more. Maybe ten thousand dollars if she took the time to fix up the house herself and sold it the traditional way you delete money on the table and while we did. We didn't leave that much. Redfin does get a fee like a regular realtor commission. The company wouldn't say what it's average profit per home is so. Is it a good idea to try to sell your house this way? William Wheaton is a housing economist at MIT. He says it the key to this whole thing is that it works in places where many houses are similar places. Where a lot of these? Ibm Sales Are Phoenix. Las Vegas you have sprawling subdivisions. Warehouses are almost identical. There's not a lot of difficulty in pricing. Those houses the ones where the swimming pool or worth a little more than the ones without but you can do statistical modeling of that and just nail it be ninety nine percent correct in predicting the press and that means I buy off you just a little less than what. The House is worth and still be confident that they can sell it for a little profit but in areas where has are not similar. Say older cities where some homes are newer. Some old some renovated some are not prices are all over the place in those areas. The I. Buyers have to be really really careful so we didn't says they're like we offer you a very low ball price because they are really sure what the house is worth and they don't WanNa lose money exactly. That's why the I. Buying companies so far focusing on places with a lot of similar housing still waiting says in places like that he thinks buyers could really change the way. Homes are sold in large parts of the country. Chris Arnold NPR

Redfin Arnold Janet Jenkins Daryl Fairweather William Wheaton North Carolina NPR Chris Arnold Npr Jagan Redford JR Janet Jenkins Chief Economist Los Angeles Raleigh North Carolina Red Fin Las Vegas Renton Charlotte California
Don't Be Like Jeff Bezos. Here's How To Keep Your Phone Safe From Hackers

Weekend Edition Sunday

03:41 min | 7 months ago

Don't Be Like Jeff Bezos. Here's How To Keep Your Phone Safe From Hackers

"This week we learned that Amazon founder Jeff Bezos allegedly had his phone hacked by the crown prince of Saudi Arabia malicious code was supposedly hidden inside a message sent to basis from the prince's what's apt account now we should say we don't yet know for sure how businesses phone got hacked and Saudi Arabia denies it but all of this got us thinking if Jeff Bezos can't keep his phone safe can the rest of us we're joined now by NPR as Chris Arnold to answer that question hi Hey Lou all right you and I presumably don't have security as good as Jeff basis what can we do rates there are good things I'm sure about being Jeff phase a bad thing about being Jeff pays us that was that people with a lot of money and resources are trying to hack his phone but the good news is the rest of us we probably do not have to worry about a super sophisticated expensive targeted hack something tells me there's some not so good news for us who are not Jeff phasers world yeah the hackers are using more generic low cost now we're against us the good thing about that though is that even if some of that gets into your phone phone security is getting better and it's very unlikely that that's gonna let the hackers like open up all your apps in like we'll hear all of the packing up and get the account number also and here's why I talked to Matthew green a computer science professor at Johns Hopkins every single app you have runs in what's called a sandbox basically the isolated from all the other apps on the phone so even if there's a bug in one app yes it's possible that that could lead to something bad to Mao were being installed that affects them out but generally speaking it won't spread throughout your phone and so that's that's kind of the protection that phones have have added to make these acts much more difficult so that sand box sounds good right but don't hackers always find some new vulnerability that they're going to exploit yeah that that's always possible and he's also a big important safety to it from green so you don't make that too easy for them he says some people do what's called jailbreaking their phones and you could do that like install games that you can't get the regular apps store and if you jailbreak your phone a lot of these good protections disappear and so it's like you're taking off your digital armor and leaving yourself wide open to attack so do not jail break your phone is what you do it don't make your phone alright let's talk about this thing called Sims swapping it sounds scary what what is that all right the short version of this is the bad guys trick the phone company to transfer your phone number from your phone to a phone that day half and then once they get that they can get your passwords reset by getting that little six digit thing gets zapped at their phone and they're like oh you recall reset password and pretty soon there at all your bank accounts and everything is still a lot of money we spoke to Sammy to rise he is an investigator with the Santa Clara county district attorney's office here's the set so we highly recommend that people not use their cell phone number as a form of verification of identity and then there's alternative two factor authentication methods that are that are free or you can use the security questions but this interesting he says make up fictional answers that you'll remember so that people can't research the answers to those questions but the bottom line in all this is you know whether it's a phone hacker something else our personal data can get stolen and all kinds of ways we have to be vigilant and to ride this is like you put a credit freeze to black anybody from opening new credit cards new accounts in your name that's always a good idea indeed all right that's NPR's Chris Arnold breaking it down thank you so much you're

Jeff Bezos Saudi Arabia Amazon Founder
Myth Busted: Turns Out Bankruptcy Can Wipe Out Student Loan Debt After All

NPR's Business Story of the Day

04:29 min | 7 months ago

Myth Busted: Turns Out Bankruptcy Can Wipe Out Student Loan Debt After All

"Many Americans who get overwhelmed by student loan debt are told. Bankruptcy is not an option for them because you can't get student debt reduced or wiped out through bankruptcy Z.. Will now more judges and legal scholars are saying. That's a myth and bankruptcy can be a way to help advocates want Congress to act to change the laws so student debt is treated the same as any other kind of debt. Here's more from. NPR's Chris Arnold a few years ago. Lauren who lives in Queens New York at a big problem. She graduated college with an art degree just as the great recession head and she had private student loans with very high interest rates for work all she could find. Were retail jobs and and by twenty sixteen her loans it ballooned to about two hundred thousand dollars. Should remember thinking. I can't afford to actually pay my bills and and eat and pay my rent. Basically I was financially handicapped. I mean my student loan payments were higher than my rent was so lurid started order to look into bankruptcy. She doesn't use her last name because she thinks all this might hurt her job. Prospects now bankruptcy is not fun your credit gets destroyed for years and you have to be. I'm pretty dire financial straits where to even make sense. But you can get your debts reduced erased so that you can survive and get back on your feet but the lawyers that Lauren because look basically with student loans. It's different. They had told me things like you have to have a disability. Where you're not able to even work and I was like well but that doesn't make any sense? Many bankruptcy judges and legal scholars agree. Jason Yuliana is a law professor at Villanova University. He says over the past thirty years. Congress has made hit harder to discharge student debt. You need to meet what's called an undue hardship standard. That also means more work for your lawyer but he says that's created this misperception that it's nearly impossible to get help for student. Loan debt through bankruptcy. Yuliana did some research and struck me as really surprising statistic when I when I first uncovered it. There's a quarter of a million student loan. Debtors who filed bankruptcy each year. They do that because they have credit card debt or other debts and they could get those reduced or raised by trying to get their student debt. Forgiven more than ninety nine percent of the student loan debtors in bankruptcy. Just give up without even trying. But he's also found that when people do try and they pay their lawyer to jump through the extra hoops about half the time. The person gets some or all of their student. Loan debt erased. So I think that's it's really important for bankruptcy attorneys to see that there are judges out there who are willing to grant undue hardship discharges and that people are much more likely to obtain relief in bankruptcy Nkosi for the student loan debt just this month. The judge in New York discharge two hundred and twenty thousand dollars in student loan debt for a borrower and in her ruling. She criticized the fact that even in many lawyers quote believe it. Impossible the discharge student loans. She added quote. This court will not participate and perpetuating these myths. Well I think I think we're reaching a tipping point with what the bankruptcy courts are doing. That's Robert Lawless law professor at the University of Illinois. He hopes that more people are able to get help through bankruptcy quasi but he says the rules are still too restrictive. He took part in research on the issue for the professional organization. The American Bankruptcy Institute which recommends the Congress rewrite the rules on student loans in bankruptcy and make it so after seven years from the lawns became do there would be treated pretty much like any other debt and the bankruptcy case. There's at least some support for that in Congress Harrison Wadsworth as a consultant for the consumer. Banker's says he ation he says most student loans are issued by the government these days but for loans from private lenders loosening the rules could push up interest rates winters more careful about making loans and probably have to charge more for them in Lawrence case she eventually found a lawyer and going through bankruptcy. She got her debt reduced from around two hundred thousand dollars down to around one hundred thousand and the bulk of that at a one percent interest rate. It's still a lot of money. Yeah so for me like I was extremely relieved. It is significantly less and I'm actually able to like make the payment and because they lowered the interest I'm actually paying Hong off the loan so Lawrence says she can recover financially. which lawless says is what? Bankruptcy is therefore Chris Arnold N._p._R. News.

Lauren Congress American Bankruptcy Institute Undue Hardship Chris Arnold Jason Yuliana Professor Congress Harrison Wadsworth NPR Robert Lawless Lawrence New York Villanova University Queens New York Hong University Of Illinois Nkosi Consultant
Economists Say Forgiving Student Debt Would Boost Economy

Morning Edition

04:30 min | 9 months ago

Economists Say Forgiving Student Debt Would Boost Economy

"Let's come back to the United States now where presidential candidates Elizabeth Warren and Bernie Sanders are proposing student loan forgiveness plans warrants plan would forgive up to fifty thousand dollars for most people and Sanders would go further so suppose that happened what would suddenly freeing millions of Americans from student debt mean for the economy NPR's Chris Arnold reports an entire generation of Americans is making major life decisions differently because of student loans whether and when to buy a house the words start a family children it's not about if you wanna I'm it's about can you afford I'm Laura green would work for the state education agency in Montpelier Vermont well I make sixty three thousand dollars and thirty years old and I mean I probably a better salary than a lot of my peers but between her college and grad school agree with those ninety six thousand dollars in student loans and she says that's got her and her partner feeling kind of frozen yeah it's always were interested in having kids but just cost of living and all our other bells and then the student loans is just like the final straw so if people like green would suddenly had this mill stone of debt lifted from their necks it stands to reason that that would unleash pent up desires and spending that would be good for the economy a lot more people would probably have kids words start businesses serve by houses in the short term it's very positive for the housing market Lawrence Yun is the national association of realtors chief economist he says his group survey showed that student data is people delaying homeownership by five to seven years he's not endorsing any particular plan but he estimates that broad loan forgiveness would push up the number of home sales quite a bit home sales cook BSA three hundred thousand high your annually if people were not settle what law each student that of boost to the housing sector as well as to the economy just how much would it help the economy William foster is a vice president with moody's which just did a report on student debt forgiveness there's been some estimates that US real GDP could be boosted on average by eighty six billion two hundred and eight billion per year which is quite a bit that's if you had total loan forgiveness busters as it would have to be total forgiveness to see significant results and he says it could also help address rising income inequality student loans are not contributing to what's perceived as lower economic prospects for younger Americans after all all those millions of people are delaying homeownership and that's the most powerful way for most working and middle class people to build wealth Lawrence you a typical homeowner I has net worth about two hundred thirty dollars and while typical renter has only five thousand but well the idea of loan forgiveness is popular among voters it would not be free and this is a big reason that plenty of politicians and policy experts are not on board this would be expensive foster says Americans owe a lot of money on those student loans about one point five trillion and that's more than auto loans and credit cards they're the second biggest that item for households busters as most of these laws are from the federal government and it could forgive them but that would mean giving up the eighty five billion dollars in annual revenue that it's currently collecting on these loans and that would result in a wider fiscal deficit also taxing people to make up the difference would be a drag on the economy and there are other issues of many people would oppose a give away to say lawyers and doctors who stand to make a lot of money later but happen to have a lot of student loan debt also you would want to tax the working class to pay for higher income college graduates loan forgiveness that's why presidential candidates are proposing to tax the wealthy to pay for it add a foster says there could be what's called a moral hazard factor here for future students those students might expect future loan forgiveness and therefore the take out even more money than they might have otherwise and that could create even greater levels of student debt so it plenty of potential pitfalls but policy makers who are pushing for a loan forgiveness say that they have plans to make it both fair and good for the economy and to do it in a way to make education more affordable for future students so they wouldn't have to take on so much debt Chris Arnold and

United States Elizabeth Warren Bernie Sanders Sixty Three Thousand Dollars Eighty Five Billion Dollars Ninety Six Thousand Dollars Two Hundred Thirty Dollars Fifty Thousand Dollars Thirty Years Seven Years Mill
"chris arnold" Discussed on 105.3 The Fan

105.3 The Fan

09:45 min | 9 months ago

"chris arnold" Discussed on 105.3 The Fan

"Of the nose bleed seats the sure everyone can afford to listen to Zack Walcha Chris Arnold Colby Saban Reginald added to a with you until midnight tonight about to catch up with change later from the NFL network the Celtics have knocked off the Mavericks in Austin one sixteen one oh six the finals the Celtics when it by hand Luka finishing with thirty four on the night maxi cleaver had fifteen here is the the complete quick box for you look at look at thirty four points six rebounds nine assists wipeout had twelve points jailer Brunson twelve point doing if any Smith nine points off the bench magically with fifteen points Cristopher sing is did not have a good night four points five rebounds one assist in America now six and four and they will be playing the Knicks in the garden and Madison Square Garden on Thursday night this the next game by the way the guy that did the Mavericks in mostly for the Celtics they had nice going from Jaylen brown for five points with Marcus more markets more from a floral Marcus yep Oklahoma state man he killed seventeen points and six assists he was sensational mind Jaylen brown twenty five as well but right now we are joined by James later from the NFL network and former teammate here on one oh five three the fan Jane how are you going to I'm showing well I can't keep up with all the changes that the fans said this is the evening lineup now yes I love it although I'm filling in for Eric chia follow who's filling in for Troy Hughes in the morning cases are Jay's in Canada and then he's going to fill in for showing up yeah would you go this is November he is on a Monday morning show now that he's been gone your heart you Paul your voice mail jail let's dive into some of this cowboys news in one thing of note that we haven't hit yet is there were some news regarding Connor Williams he's having a knee scope what can you tell us about that okay when he pulled the curtain back for you for a little bit typically on Monday night especially since it went very during the line I do a show at house of blues in the huddle in a corner will is my guest tonight at ten thirty this morning I get a tax on that it's like sorry I can't make your show and I am I'm not gonna like I did with it because it's mostly the shadow two weeks ago we canceled on me on a Friday and Joe Looney was a pensioner and the reason why he said that he couldn't do if he thought there was a working dinner I'm like oh my gosh like caller come on bro like where's your professionalism and he said I've got an injury he's like they're not letting you and I'm like Rolex concussion your rental car came into our shells like so I know I was I was pretty upset that we canceled inside the huddle tonight and then this news comes out you know at four thirty after I'd already left the facility have been under the weather today and I'm like wait a minute I'm talking into there is more you can't tell me about this not yet it's also so that we'll annoyed with Conner Williams on but now I get it now so bad that I was upset with them but you know it's interesting because we didn't see him come out of the gate so I don't know when the injury took place or how it happens luck with it got a day you're still feel who I've got I think stepped up to that position you know what I think you came out a press conference with them initially saying that no significant injuries in this game and they're telling us that you know well calling this thing down doubt but now you've got a situation with with Connally's yeah not to mention that you had you know issues the tires this is your cell you know this great wall all of a sudden looks like it's got some foundation problems yeah they might have a little bit issue there in fact as you know they they'll be playing four games over nineteen days when normally three games over twenty one days is a stretch and they're now five and four not in the locker room Jayne Ann Arbor of both the lock from doing interviews I talked to some guys you talk to some guys who is the most compelling guy that you talked to last night was one bit of information that you want to make sure everybody knows they might not have gotten out of that loss last night honestly the most compelling interview I had was with sergeant well I was actually talking to her about white people because you know what I didn't want loss in that game was how dynamic amori why hasn't and I say that because last week when I talk to argue for youngsters delic when you go in there and try to talk in the locker room traffic shall be like literally on time every time and I was trying to pull I mean it's like pulling teeth getting Amari to give you anything and I said you know how the embargo well everyone's often from attacking is like it well Michael what is well me in any other honestly because I wasn't really paying attention with the doctor saying yes want to hear it manageable at double wasn't he says yeah and that will that mean you're playing on twenty years yeah and so then I said Joe lego well it is interesting to me that you are in a contract year and look I'm not gonna knock it down for you know protecting your body putting in bubble wrap and trying to get paid right like you only get so many contracts as a player and I said but you look like you're a quad injury a knee injury an ankle injury why are you doing it and he sort of laughed at me Amari Cooper twenty five has a way of making a thirty nine year old so really dumb sometimes wait process is your question I think it does look like that was a really dumb question but the answer was because I love football like he just nothing not even a second thought to me and as he you know he wanted to be a couple times and you're like I grew up playing this position like I was a kid playing flag football in my yard wide receiver you know in high school as a wide receiver in because what you like yes I'm going to play different positions what he has always been the purest of pure when it comes to playing the white receiver position and so I called with Barcelona sort of went down yeah I I downloaded from this information Germany I said who did he remind you advantages you know he just said you know if your life you have the vision that we've had for him this year like our vision has the way you're seen from hand and at twenty five even though he's only ask you are you got five years a week which is crazy to me to think twenty five open early comic current SmithKline we don't charge for so but he's he's young it was a fear that that I don't think that if you like I still feel that the young players guide to one and then I kind of was on taken today I thought I thought about your question and he said I've got a guy thing for you I said okay at one point the way that it makes somebody's catches anyways you know it batic increase for the way he went for the throat of a man is high praise if you quit Amari Cooper and outlets what category any kind of still differently your federal but that that's how he will nine eleven so I think yeah I think that's a frustrating take away from this game is you know I was I have applied cast out with Bobby belts yeah on the hard at that we had jobs showing on today and I absolutely like at the John this talented team in other words you think that there are good football players on this team he said yeah I mean I think of anything that you don lemon is is the metallicity might cover and I have to agree that when you go down the roster and you see it with your own eyes like at training camp practice I don't sit here and say this is the garbage roster I actually think there's a lot of guys that are at least twenty years at various positions on this roster so I think what's maddening for not only the players but for the fans and and those of us that covered on this why is it that translating into these you know sure they had a winning season but why that translating into going deep in the playoffs and winning these games where he had to leave and they are it you know the other thing I point out when I look at these games is I know they're not a trash team because most teams on Sunday night football down fourteen points in the first quarter doesn't battled back the way that this gene does the way that they do and so I you know I talked to these guys you know how what the show is that the hurdles the here with the lock really talk to her privately at the thing that always stands out to me then and the other thing you don't like the fact if you're like I want answers our questions like you to dance what was it the coaching and it was Joe loony hue two weeks I was on my show is like you know we went out that went for coach like that with all of your information I wasn't leading him to that you know how do you think you're right he volunteer that information to me and that is still falling on the store last night up on the podium you know Jane Smith testing either gate on the state in other words we are executing so I haven't gotten these players privately or publicly display so their coaches down the rivers are a lot of these guys are winners from winning programs this young football team why can't they get off to a fast start why are they blowing coverages why aren't they doing a better job Shockley I don't have answers and I honestly I don't know if the players the coaches have the answers yes it's it's maddening like you said I mean Bobbi tweeted out the cowboys point differential in the order is minus eighteen from quarters to their force plus ninety nine during your part yes you guys kick the tires and double ray with any kind of solution of the slow start in the first quarter no but I I that's why I love money and Bobby Dolly not that guys always that is that yes he didn't even complete he didn't go to college like that that guy like literally a high school degree with home schooled and he's like this like my brain cancer bought like you like I see her every man that's a good one I read that the guys knowledge sometimes I'm like okay route like and not like turn it off like were operating hours yeah you you come up with some of these numbers I think even the numbers tell the stories and if so when you've got the numbers again looks like attacked if you're working or ask you all these questions you got the numbers your support our arguments but.

Celtics Mavericks Austin Luka Zack Walcha Chris Arnold Colby Saban NFL twenty years two weeks thirty nine year twenty one days nineteen days five years one bit
'Why Is There Nothing Left?' Pension Funds Failing At Catholic Hospitals

NPR's Business Story of the Day

05:08 min | 11 months ago

'Why Is There Nothing Left?' Pension Funds Failing At Catholic Hospitals

"Support for NPR and the following message come from Almond Board of California. Did you know almond farmers and processors are dedicated to continuous improvement like putting everything an almond tree grows to good use more about their zero waste goal at almondsustainability dot org in upstate. New York hundreds of former complexities of a Catholic hospital have lost their pensions after their pension fund collapsed now. Their situation illustrates a problem. That is pretty widespread. Many many religious organizations are not covered by federal program that protects most other employees pensions. NPR's Chris Arnold brought us this report the people who worked at Saint Clair as hospital in Schenectady New York say it was like being part of a big family for some especially. My Dad worked there as a pharmacist when when I was a young kid and I you know I remember I was always there. It seemed like always part of that community of people care and Bradley followed her dad's lead and worked at the hospital for twenty four years and she's a nurse. She's fifty six now. Bradley says the pay wasn't great at Saint Clair's but it was a good hospital. I enjoyed what they did there and believed in the promises that were made about the pension but the hospital which was founded by the Catholic Church ran into financial problems command in two thousand and eight it was folded into a larger hospital system workers were told though at that time that the pension would still be there for them but then a year ago they got letters in the mail. Bradley was told essentially her twenty four years at the hospital didn't matter her pageant was gone. She stands to get nothing. Why is there nothing laughed who screwed up you know who did what to. Who and how come this happen Jr and who's accountable the AARP foundation is asking the same questions. It's it suing the Catholic diocese of Albany on behalf of the workers. The lawsuit says more than six hundred people lost their entire pensions. Bradley says her husband has been has some retirement savings but the couple's not sure that it's going to be enough. We have a daughter who has special needs so we have to worry about her future to now now most people in the US do not have pensions but those that do the vast majority are protected by government insurance program employers with tensions have to pay into it but religious religious organizations such as Catholic hospitals they can opt out and both avoid that expense and the cost of complying with other federal pageant rules. That's what the people managing managing. St Clair's hospital dead so there is no guarantee and many workers really are left with nothing dare. Smith is an attorney with the Aarp Foundation Russian. It's incredibly devastating I mean these folks were relying on this money for their retirement and they were promised over and over there about one million people people with pensions from religious organizations that have no federal backstop. That's an estimate from lawyers in a related case. That's not to say that all those pension plans are in trouble but some are and there is a growing number of lawsuits. The Saint Clair's case argues that even though the hospital had an exemption from the federal rules. It's still violated violated state law by failing to provide the pensions that were promised so dare. Smith says religious groups can't just abandon their workers. This is really a new wave colosseum. It's finding a way to make sure that they can be held accountable sixty nine year old Mary Hart Sean is also affected. She worked in radiology at the hospital and she's he's actually had to sell her house because of this pension debacle and it's still pretty hard for her to talk about it. Now House was going to be the place I retired retired who was just a little house but it sat on a little lake and it was so pretty peaceful and it just wasn't it wasn't gonNA work out. I knew knew it was in an I'm okay. I'm GonNa you know you get through it but it does take its toll on your heart and soul and to actually harsher and says she's better off than most. She's in a smaller class of older workers who were offered seventy percent of their pensions going forward but she says she couldn't trust that the money he would be there so she took a lump sum payout instead which she says wasn't very much money for its part the diocese declined and interview due to the litigation but said in a statement that it knows that people are suffering but that the diocese quote never managed the Saint Clair's pageant find Saint Clair's as a separate corporation and quote Victoria Esposito is a local legal-aid attorney working with the AARP on the case. She says it's not true that the Diaz has no responsibility. This hospital was run by the Catholic Church more specifically diocese of Albany and the diocese of Albany is responsible for making these people whole and paying their pensions like many diocese icees. Albany is facing costs related to the church sex abuse scandal but the lawyers for the workers say the diocese is not bankrupt. There's money there so esposito. Zito hopes the lawsuit can succeed so the people who worked at Saint Clair's hospital can get their pants back Chris Arnold N._p._R. News.

Bradley Saint Clair Catholic Church Catholic Diocese Of Albany Aarp NPR Chris Arnold Albany St Clair Victoria Esposito New York Smith Attorney Almond Board Aarp Foundation Russian United States California Diaz
This Digital Sheriff Helps Cities Wrangle Airbnb Rules

NPR's Business Story of the Day

05:12 min | 1 year ago

This Digital Sheriff Helps Cities Wrangle Airbnb Rules

"Airbnb and other short term rental sites and they seem like a great model right one person gets a place to stay on vacation the other get some cash for loaning out their home but there are now l. more than a million rentals in residential neighborhoods and this is creating problems for cities and towns n._p._r.'s chris arnold reports on an entrepreneur who is trying to tame this wild old west rental landscape. There's a new sheriff in town. Actually a lot of towns in his name is been zor yeah or req- been sir okay and it's all rick yeah. Orrick are use it or oregon. It's fine danish name and it's weird. No one could say okay. It's not so weird but anyway binsar works in silicon valley and all this started when he and his family were flying back to denmark to visit relatives he used to rent his house on airbnb and that pay for the whole trip threat but then his town band short term rentals like airbnb. He's basically no debate. Just sort of wasn't agenda item. No one knew about it but eh. I saw it in the newspaper. I obviously interested mostly out of self interest at the time. You're like hey wait a minute. This is paying for my trip back to to europe yeah. Exactly that was exactly what happens. I thought why ban airbnb rentals. I mean this is hurting me what's going on so he went to a town meeting started reading up. This is four years ago and he realized that cities were really struggling with short term rentals here in nashville. We had a problem sean. Brace dead works in the code enforcement department hartman in nashville tennessee and he says for one thing. It's been hard to get home owners to get rental permits pay taxes on rental income but also says that nashville is a big party tan dan and so we would have problems with <hes> essentially party houses that would you know try to pull as many beds into one house as possible and cram grams many people in there. The city was getting complaints about what was going on in the house or the yard next door. We've had complaints about people allegedly. <hes> having sex parties parties to doing all sorts of things within a short term rental properties city only allows airbnb type rentals in residential neighborhoods. If the how's your primary residence must cut down on investor own party houses or just too many investor own short term rentals but brace it says the rules were hard to enforce for one thing you often not the actual address of the property on a say until you agree to rent it so all rick been zor back in california -fornia. He realized cities tried to enforce this. It was like bringing a knife to a gunfight right the traditional way that cities managed compliance is a very very manual method right so these intially go and do a drive by or they try to book the property so they can get the address and then they catch him and sting operation shows like you can't do that when you have thousands of these right so so bins or saw an opportunity to use his technology background to help get all this under control he he got some software developers on board and they knocked together a barebones startup company we went out and started talking to <hes> to cities and very quickly got to <music> something like twenty customers like within a couple of months fast forward to today and binsar says his company. It's called host. Compliance is working with more than three hundred hundred towns and cities across the u._s. and canada nashville is one of them. The city is using technology to see if properties on the short term rental sites have the right permits abets back in the nashville permit office brace that explains they crawl the internet <hes> through those sites and then they matched those up with property records. <hes> <hes> assessor of photos of the front of the properties bizzare says it's company uses artificial intelligence software to figure out the address on the owner then ed people renting without a permit or told to get one or stop renting and in nashville raised it says just two years the city is bringing in fifty percent want more money each year in short term rental taxes and the crackdown has found two thousand five hundred rental operators who were breaking the rules so what is airbnb itself think about all this spokesman christopher not didn't wanna talk about any one specific company but we just don't think that the best approach approach is for cities to turn that responsibility over to another company whose responsibility is to tattle on people not says there are privacy concerns and he says well. You know what's next. Our city is going to start hiring companies to check if you buy a sink at the home depot that you've gotta plumbing permit alright. Bender answer says look. He knows that airbnb any other sites are not his biggest fans but i think in the long run they all realize that if this is just a wild west the pendulum liam is gonna swing the other direction and there's going to be so many restrictions that it will destroy business airbnb has been getting a legal battles with cities over among other things how how much information it needs to hand over four enforcement bizzare says his company let cities get around that tug of war and get what they need to enforce the law chris arnold n._p._r. News.

Airbnb Nashville Chris Arnold Rick Orrick Europe Denmark Oregon Bender Tennessee Hartman California Binsar Liam Canada Christopher Fifty Percent
Broken Promises: Teachers Sue U.S. Over Student Loans That Weren't Forgiven

NPR's Business Story of the Day

06:16 min | 1 year ago

Broken Promises: Teachers Sue U.S. Over Student Loans That Weren't Forgiven

"Support for this podcast and the following message come from Google from Connecticut California from Mississippi to Minnesota. Millions of businesses are using Google tools to grow online learn. How Google is supporting businesses in your state at Google dot com mm slash economic impact now we haven't n._P._R.? Exclusive one of the biggest teachers unions in the country is suing the U._S. Department of Education. It's alleging that alone. Forgiveness Program for millions of public service workers is in in such a shambles that it is illegal. N._P._R.'s Chris Arnold has gotten a copy of the complaint filed in court today and he brought us this report. The programs designed to encourage people to work in public service must either governments or non profit work so nurses nurses police officers librarians teachers. All kinds of other jobs congress said more than a decade ago that basically if you make your loan payments for ten years and you work in public service the program will forgive the rest of your federal student loan debt that. That sounds like a really good deal to a lot of people and more than a million have filed official paperwork for the program but the Department of Education is just cannot seem to get this right they keep making mistakes and are not appropriately administering this program I am the Congress has created. That's Christopher Peterson. He's a law professor at the University of Utah and a former top attorney at the Consumer Financial Protection Bureau and he may be understating things. Here's a number that you need to know one percents percents but the education department's own couch of the people who think they've made their ten years payments and they apply for loan forgiveness. Only one percent are getting approved that means if you took all of the people getting rejected and got them together other into one place you'd have football stadiums full of nurses firefighters teachers law enforcement officers that are seeking to have their debts forgiven having made all of these payments under the impression. Question that they were on track and now they're being turned away in droves this has sparked a growing number of lawsuits many against the loan servicing companies that manage student loans for the Department of Ed but Peterson says this latest one ratchets catches up the pressure. Here's a teacher's Union representing one point seven million members suing the Education Department Randi Weingarten is the president of the American Federation of Teachers and she says this program is hurting the very people its supposed to help and it's so broken so broken that it violates our basic United States constitution requirement of due process the basic fairness clause of the United States constitution and that is the core of this lawsuit okay so to understand what's going wrong here. We're going to zoom in on just one of the lawsuit's plaintiffs okay well. My name is Debbie Baker. <hes> I'm actually a music teacher. I knew that <hes>. That I had the correct employment I mean Good Grief Public Schoolteacher Oklahoma teachers don't make that much many and they certainly didn't then and I thought this is great so back ten years ago. Baker says she looked under student loan statements called up that eight hundred number and and said I WANNA do this public service loan forgiveness thing that's what the Department of Education tells people that they should do that number connects you to a loan servicing company which the government hires to advise people with student loans and collect their payments. I called them up. I told them I heard about it and they explained that basically went on income sensitive repayment plan and that after you've made one hundred twenty payments you could apply for the program so it was it was that easy bigger says each year here she'd call back do paperwork and she'd say I'm working towards public service loan forgiveness ear Liz everything good qualifying for public service loan forgiveness and they said okay great over the years she dealt with different loan servicing companies. One of them was navient. And one of the nation's biggest and as the ten year finish line approach to Baker was getting pretty excited and right then she didn't have a lot to be happy about her adult son in his twenties had been stricken with a degenerative disease. You know he was living at home with us on mm full-time care we were caring for him. <hes> we put my mother in a nursing facility and so this was a bright spot like this Kennedy great but that seventy six thousand dollars in student loans did not get forgiven because in the end Baker was told that she was in the wrong type of loan and so none of her payments over the past years counted towards debt forgiveness if somebody at the call centers would have just told her that ten years before she easily could switched into the right kind alone to qualify for forgiveness but she says nobody told her so that never happened and when this hit I just I didn't know whether to cry throw up. Get Mad. I just didn't know what to do. I honestly did not think the federal government would do this to someone the. The Union's lawsuit alleges that lots of other borrowers got bad information too and also that services aren't keeping track of how many payments people are making that are supposed to count towards loan forgiveness. The loan servicer navient said in a statement quote. We understand the frustration borrowers face in navigating complex federal loan program which is why we consistently advocate for policy reforms to simplify the system the lawsuit from the Teacher's Union wants the court to take more immediate action Christopher Christopher Peterson. They're asking for a court to order the Department of Education to go back to the drawing board and try to redesign this program to make sure that that the public that teachers but also firefighters nurses police officers that they're going to get a a reasonable the opportunity to have their debts forgiven. They were promised by Congress. The Department of Education is not commenting on the lawsuit yet. The Teacher's Union is also asking for an effective appeals process for people who believe that they've been treated unfairly. We should note that the department.

Department Of Education Debbie Baker Christopher Christopher Peters Google Congress Union Teacher's Union Department Of Ed United States Chris Arnold American Federation Of Teacher Federal Government Randi Weingarten Oklahoma Degenerative Disease Football Connecticut Official LIZ
CFPB Chief Says Education Department Is Blocking Student Loan Oversight

NPR's Business Story of the Day

04:56 min | 1 year ago

CFPB Chief Says Education Department Is Blocking Student Loan Oversight

"Support for NPR and the following message come from gusto, providing payroll, benefits and HR services for small businesses, gusto serves more than sixty thousand businesses nationwide. With full service payroll HR, tools and health insurance at gusto dot com slash NPR. The director of the consumer financial protection bureau. The CF PB says the Trump administration's education department is getting in the way of efforts to police the student loan industry. This comes amid lawsuits that allege widespread wrongdoing, by student loan companies. Here's NPR's Chris Arnold, the head of the CF PB Kathy Cran anger is responding to Senator Elizabeth Warren and other Democrats who wanted to know whether the consumer protection bureau is doing its job protecting student borrowers and her answer is pretty striking. The letter obtained by NPR is carefully worded. But in essence Kranjcar is saying that the CF is trying to do its job. But she says that companies that manage student loan. Are not handing over information that the bureau needs to do supervision because they say the education department told them, not to in other words, the education department is getting in the way it's actually quite remarkable. Seth frontman heads up the nonprofit student borrower protection center, he used to be the cfpb's student loan ombudsman, but quit last summer over frustrations with the Trump administration. The head of the consumer financial protection bureau is telling the world that the secretary of education has put in place, a series of policies, that are obstructing federal law enforcement officials from standing up for the millions of Americans with student debt Americans, like, Jessica Saint Paul. She was grappling with about eighty thousand dollars in student loans. Then when she heard about a program called public service loan forgiveness. She was ecstatic, the programs designed to encourage public service. So police officers government workers teach. People who work for not prophets if they make payments for ten years, they can get the remainder of their student loan debt forgiven. Saint Paul work for a nonprofit that provides services to foster children. I oh, this is perfect, I called interested in of a service. I don't forgive me. That was nine years ago. She says over the years she called the company servicing, her loans to check in just wanna make sure you know, I'm on track. Okay. No problem conversation with quick. I mean they were so kind. But Saint Paul says she was getting bad information. She says she found out just last year at a conference. There was an information session on loan forgiveness since she was told that she was in the wrong, kind of loan and wrong payment plan, so that she couldn't qualify. And she says a lot of other people were finding out the same thing, right there at the conference support group almost turned into because you were like, no that can't be true. And people were I went on my home. We're gonna phones and that type checking your loan, what type alone they were, and we were all sitting there like just frantic like. Well, on in my in what wait, wait. Wait. Let me pull this up. Let me see bud say, Paul says it was true. If nine years ago, her loan servicer, just told her to take a few simple steps to convert to the right loan payment plan. Everything would have been okay. Instead, she says she feels like somebody's stole tens of thousands of dollars from her is it Australia? Not just cannot believe it happened to me, it's happening to a lot of people so far about ninety nine percent of people applying for this loan forgiveness program or getting rejected, and more than one million people are actively pursuing it and hoping to qualify Saint Paul's a plaintiff in one of the many lawsuits by advocacy groups, and regulators related to this program and other problems. This is why democratic lawmakers say they want to be sure that perhaps the most powerful federal watchdog for consumers is on top of all this in March. Senator Bob Menendez pressed the issue at hearing with CF director chronicler, have you examined why ninety nine percent. Of applicants have been reject. Senator. Get I I understand why you're asking question. It's important one by don't have a specific answer to your question on this topic. Now that lawmakers have chronic or answer was with Warren and four other senators call the revelations disturbing around a letters. They just fired off to student loan, servicing companies, the cfpb in a statement says it's confident that it can resolve the issues and achieve its mission of protecting borrowers. But for its part, the education department appears to be defending its stance, but loan servicers should not hand over information to the CFP be the department says in a statement that it takes privacy. Seriously, and says requests for information about student loan borrowers should be made to the education department said, Froman says the cfpb should flex its muscles, more and take loan servicers to court. If necessary to get them to comply with its oversight efforts, Chris Arnold NPR news.

Jessica Saint Paul Senator Elizabeth Warren NPR Cfpb Chris Arnold Gusto Dot Director Senator Bob Menendez Kranjcar Senator Kathy Cran Froman Seth Secretary CF BUD Ninety Nine Percent
Jack Bogle, Who Started An Investment Revolution, Dies At 89

NPR's Business Story of the Day

03:23 min | 1 year ago

Jack Bogle, Who Started An Investment Revolution, Dies At 89

"Support for this podcast and the following message. Come from Comcast business having the nation's largest gig speed network was just the start. Now, they're providing gig fueled apps and solutions that exceed expectations and help businesses perform Comcast business beyond fast a giant in the world of investing died yesterday. Jack Bogle was eighty nine years old. He created the first index fund which became what a communists say is the most powerful tool that Americans can use to save and invest for the future. He founded the low cost investment firm vanguard, here's more from NPR's, Chris Arnold. If you have a retirement account chances are that you have more money because of Jack Bogle by creating that first index fund back in the nineteen seventies. Bogle started a revolution of super-efficient, low cost investing a revolution that took on Wall Street firms and the high fees that they charge investors and Bogle became a champion for the little guy investor maybe because he knew. What it was like not to have enough money. His family lost everything they had in the great depression. So I grew up having to earn. What I got help out with the family expenses and started working when I was nine years old today, the company Bogle founded vanguard manages more than five trillion dollars, some of that could be your retirement savings, and it structured essentially as a nonprofit I met Jack Bogle a few years ago. It is summer cottage in upstate New York and sitting down with him as like sitting down with an instantly likable college. Professor we live in this difficult world where we kind of believe the American ways of you try harder you will do better than if you pay a professional to do something it will pay off. And these things are true except in investing. This was when a bogus key insights, the market doesn't really have that high return to the fees that you pay the cost is everything and those fees can eat up half of the money. You would otherwise have down the road. The tyranny of come. Finding long-term costs because they each you up hiring mutual fund managers to try to pick this stock over that stock Bogle showed that eighty five ninety percent of the time you're gonna make more money just buying the entire stock market. Just a big list and index of say the biggest companies in the US, it could be ten times cheaper or twenty times cheaper. And you'll make way more money over time. That's what broad-based index funds. Let you do. And that's why bogus been celebrated as basically the George Washington of an investing revolution. Jack mobilised Mobley done more for the American investor than any man in the country. Jack. There is that's perhaps the most famous investor in the world Warren Buffett honoring Bogle in two thousand seventeen I estimate Jack at a minimum has left in the pockets of investors. Tens and tens of billions and the numbers are going to be hundreds and hundreds of billions over time buffet called Bogle a real hero. We should say to that. While Bogle was a critic of greed and excess on Wall Street. He was also a big fan of capitalism as the best system in the world. And he spoke out calling for young people the leaders of tomorrow to be more idealistic follow his lead and clean up the mess. Chris Arnold NPR news.

Jack Bogle Bogle Comcast Chris Arnold Vanguard New York United States Professor Warren Buffett NPR George Washington Mobley Eighty Five Ninety Percent Five Trillion Dollars Eighty Nine Years Nine Years
"chris arnold" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:55 min | 2 years ago

"chris arnold" Discussed on WNYC 93.9 FM

"Members from getting cheated by shady financial practices after the New York Times and NPR reported about this forty nine US senators all, Democrats and independents signed a letter to the Trump administration asking it to change. Course, here's NPR's Chris Arnold the consumer, financial protection bureau is, a watchdog agency that monitors payday lenders and other firms to find out? If, they're breaking the law but the Trump administration's acting director of the bureau Mick Mulvaney is planning to have the bureau stop looking for violations of what's called the military lending act it's a law designed to protect servicemembers democratic Senator Jack Reed does not like that it's outrageous we are all standing up and, talking constantly as we, should about the services sacrifices men and women in uniform around the globe. And then, to go ahead and take away defense that they. Have back. Home again Nst unscrupulous lenders and unscrupulous. Products is, outrageous read wrote the ladder that the. Other senators signed onto he's the ranking member on the Armed Services Committee and he was an army paratrooper and says the troops are often young away from home and easy prey for unscrupulous. Lenders and shady financial products if they get too mired in, debt they can lose security. Clearances or even get. Kicked out of the service that's why he helped to create an office to protect servicemembers at the consumer protection bureau so he says, if Mulvaney backs off enforcement this way the industries. That promote these products will just basically said listen there's no more cops on the beat it's just sorta. Cutting Lucy's men and women in uniform. Saying go out there and defend this country. But when. It comes to your financial wellbeing at home you're on your own likewise redesigned like a White House proposal covered by an PR, that would loosen the rules for auto lenders critics say would let them sell over Priced insurance products. To servicemembers.

Senator Jack Reed Mick Mulvaney NPR Chris Arnold New York Times US acting director White House Armed Services Committee Lucy
"chris arnold" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

01:41 min | 2 years ago

"chris arnold" Discussed on NPR's Business Story of the Day

"Support for this podcast and the following message come from the fresh market providing curated ingredients gifts and meal ideas for mother's day including usda prime filet mignon prepared side dishes and fresh floral bouquets details at the fresh market dot com republican lawmakers are expected this week to overturn a rule that aims to prevent racial discrimination by automobile lenders this move is part of a broader effort by the gop to rollback potentially hundreds of other regulations by using an old law in a new way npr's chris arnold reports when you go to buy a car you can get a loan through the dealer shed but not everybody with the same credit score gets the same rate rebecca born is with the center for responsible lending she says studies have found racial discrimination here just this year a new study was released the study sent testers out and found that most of the time the borrower of color got a worse deal than the white bar even though the borrower color had a higher credit score the consumer financial protection bureau studied the issue and found discrimination as well so five years ago the consumer bureau put the industry on notice mid issued what's called regulatory guidance for auto lenders that means it said basically here's what you have to do to abide by the law but the industry didn't like that and it said both the studies and the remedies are flawed david ragan is with the national automobile dealers association the agency really failed to look at legitimate business factors that jan and are used in dealerships to discount financing.

gop npr david ragan usda chris arnold rebecca five years
"chris arnold" Discussed on KQED Radio

KQED Radio

01:37 min | 2 years ago

"chris arnold" Discussed on KQED Radio

"Interest for him chris arnold npr news you're listening to npr news and from k q e d news i'm tiffany cam high the defendant a serial rape and murder case spanning ten california counties in the nineteen seventies and eighties is expected to make his first court appearance this hour in sacramento kick alex ensley has more on joseph james diangelo the alleged golden state killer it's been just over a week since law enforcement officials say they caught a break in the forty year old case involving a dozen killings and more than fifty rapes de angelo is set to be arraigned in sacramento for the slaying of a couple there in nineteen seventy eight investigators say they believe brian and katie majori stumbled upon the serial burglar and rapist while they were out for a walk and he chased them down and shot them dead it's the first alleged murders attributed to the so called golden state killer i'm alex hemsley kiwi dino's romain lettuce from california is hitting the market after an e coli outbreak that health officials believe is linked to farming operations in arizona but a state industry group says that doesn't necessarily mean a big jump in sales ceo of the leafy greens marketing agreement scott horse vault says it happened at a time of year when the market would be shifting anyway from desert to coastal regions i'm not it's positive because there's a lot of negative publicity out there there's a lot of media stories and things that you know we're concerned about the back it's going to have on consumer demand the centers for disease control is now blaming ninety eight cases in twenty two states including.

alex ensley sacramento california arizona ceo chris arnold npr rape murder joseph james diangelo de angelo brian katie majori alex hemsley forty year
"chris arnold" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:48 min | 2 years ago

"chris arnold" Discussed on WNYC 93.9 FM

"You the trump administration is considering a plan to block states from policing the trillion dollar federal student loan industry that's according to a memo obtained by npr they has not been made public yet it comes from betsy devos head of the us education department npr's chris arnold reports student loan debt collectors have been accused of deceiving and abusing student borrowers of they'd been sued by state prosecutors around the country but it looks like help is on the way that is help for the debt collectors this internal document argues that basically states should be barred from regulating and prosecuting the student loan industry massachusetts attorney general more healy with this new amount signals is it they want to stop states like massachusetts from holding companies accountable for ripping off students predatory lawn servicing practices helias among stategies who filed lawsuits against the debt collectors she says there are all kinds of abuses going on and not just involving loans to students that traditional colleges they work with some of these for profit predatory schools frankly through high sales pressure tactics get people to sign up for courses forced schools take on boatloads of debt and then leave them high and dry with worthless degrees state and federal investigators have found that student loan debt collectors also mismanaged the payments that people make so for example a public school teacher my qualified to get a big chunk of his or her loan forgiven because they're doing public service work but that doesn't happen and the school teacher as to keep paying off the loan they had tens of thousands of dollars of loans that should have been forgiven christopherperes in is a former enforcement attorney at the consumer financial protection bureau.

massachusetts school teacher attorney betsy devos us chris arnold healy trillion dollar
"chris arnold" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:44 min | 2 years ago

"chris arnold" Discussed on WNYC 93.9 FM

"The center for response landing he says this new temporary director of the cfpb mc mulvane any took 60000 in campaign contributions when he was republican congressman from payday lenders and now this is his pay bag to them love 80 has said campaign contributions do not pose any conflict of interest chris arnold and pure news president trump former chief strategist steve bannon was due on capitol hill today for a closed door meeting with lawmakers on the house intelligence committee the panel is investigating russian meddling in the us presidential election ban and was still working for the administration when trump fired than fbi director jim comb me the white house doctor who examined president trump last week offered some details on his findings today doctor romney jackson says the president's overall health is excellent but that he would benefit from making some changes i think the president he not talked if he would he would lock to lose over the next i think a reasonable goal over the next year so as to lose 10 to fifteen pounds we talked about diet and exercise a lot jackson says he conducted a cognitive test at president trump's request and that he did exceedingly well on wall street today the dow fell 10 points the nasdaq was down 37 points the s and p lost nine this is npr you listening to wnyc i'm jimmy floyd for the first time in a decade the idea of congestion pricing is being floated again in governor cuomo s budget address today he outlined a plan that would total areas of the city instead of the bridges the governor says different vehicles like trucks for hire or four higher cars could be cold at different rates the technology exists we.

dow npr jim fbi presidential election the house chief strategist governor cuomo jimmy floyd director trump romney jackson us capitol hill steve bannon president chris arnold congressman fifteen pounds
"chris arnold" Discussed on KQED Radio

KQED Radio

02:07 min | 2 years ago

"chris arnold" Discussed on KQED Radio

"Is already hundreds of phone calls that had come in enquiring about as the reason people want to prepay so badly is that it will save the money i next year's taxes the tax act caps deductions for state and local taxes at ten thousand dollars in states with higher tax rates like new jersey california and new york even many middleclass and upper middle class people pay more than that ten thousand dollars and those states also happened a vote more often for democrats this week in his state of the state address new york governor andrew cuomo said the republican designed tax act is robbing boost aides to pay for tax cuts for red states and corporations it is crashed in his ugly and is the vista event is partisan legislating it is an economic civil war and make no mistake they are aiming their heard us cuomo vowed to sue the federal government calling the tax act unconstitutional republicans those say it's not their tax act it's hurting people it's that state and local taxes are too high in states like new york new jersey and california meanwhile many people who tried to pre pay their taxes archer of the irs will recognize the move amanda karoo lives in bloomingdale illinois her husband who works on a grounds crew to federal laboratory went down the assessors office last week to prepay their property taxes a bomb along all go down there a all about eve online but cruises in the town only had a preliminary tax assessment she's not sure whether the irs will be okay with them pre pang the family actually just moved into a smaller house to live in a town with a better school district they're paying more taxes there but because they can't to all of them crew estimates that she and her husband will be paying about seven hundred and fifty dollars more in taxes under the new rules and knowing that were hey or taking a good school districts it feels incredibly on air just how many americans end up taking the tax bill is unfair will undoubtedly play a big role in the midterm elections chris arnold npr news.

tax rates california new york civil war irs amanda karoo property taxes andrew cuomo vista bloomingdale chris arnold ten thousand dollars fifty dollars
"chris arnold" Discussed on NPR News Now

NPR News Now

02:31 min | 2 years ago

"chris arnold" Discussed on NPR News Now

"Affordable housing advocates are both relieved in worried as the new year approaches as npr's chris arnold reports that's because of the tax cut bill passed by republicans and now signed by the president daniel intel heads up the national lowincome housing coalition she's worried that tax changes that are good for corporations will be bad for affordable housing the lowered corporate tax rate latin the value of the low income how the tax credit which means less money available could build and preserve affordable home you can tell is also concerned that added a trillion and a half dollars to the national debt could mean cuts to housing and other social programs down the road still she says it could have been a lot worse the house version would have scrapped a tax incentive that underpins about half of all the affordable housing built each year across the entire country but that provision got thrown out really bad and bill doesn't gas may acutely affordable housing we thor chris arnold npr news this is npr news in washington russian opposition politician alexy navan these says the turnout at rallies across his country today proves he is a viable alternative to president putin the bbc sour raynsford reports on on a volley rally in moscow alexei navali has been speaking on stage in this giant tents on a snowy moscow meriva by wrangler hundreds of supporters who came to nominate him officially if that number that the president's it had said to cheers and applause looking to the charismatic unsee corruption company enough as a mom you can change russia after as i sentencing his is leading a consortium and lock but i'll explain of owning has a criminal conviction for frauds which insists was meant to block his political activity the authorities hit say he's not eligible to run in this race the valley and his team have refused to give up their fight though and sedat he dead the authorities to trying to stop him running the bbc's shower raynsford but watch for santer and his team of reindeer has begun at peterson airforce base in colorado lieutenant general reynold hoover deputy commander of north com describes how they pick up bonn santa's signal starts would satellites were we start tracking the infrared light the comes off of a rudolf knows our satellites pick that up we have a string of radars across north canada and alaska that then see.

commander reynold hoover lieutenant general colorado moscow putin npr the house corporate tax alaska santa peterson airforce base santer bbc russia president alexei navali washington tax credit daniel intel chris arnold
"chris arnold" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:33 min | 2 years ago

"chris arnold" Discussed on WNYC 93.9 FM

"Road chris arnold npr news since secretary jim man is warning about dangerous flights by russian fighter jets over what's considered a safe zone over syria i don't expect perfection but i don't expect dangerous maneuvers either and so we'll sort this out uh but right now i cannot tell you if it uh schlopy erman shift or rambunctious pilots four people were trying to do something at routes very unwise mattis speaking to pentagon reporters after an incident this week involving two russian jansa pentagon spokesman says two us fighters had to fire warning flares chief justice john roberts is transferred a formal investigation into sexual harassment claims against federal judge alex kozinski to a federal court in new york in peers needed tobin bird reports the transfer came at the request of the chief judge of the ninth circuit court of appeals based in california kosinski is a distinguished and respected federal appeals court judge who served on the ninth circuit for thirty two years seven of them as chief judge last week the washington post reported that six former clerks sent exchange sam the appeals court had accused kozinski have subjecting them two inappropriate comments or exposing them to pornography in a letter to the chief justice ninth circuit chief judge sidney thomas said it is the practice of the appeals court to investigate published reports of misconduct and that the circuit had therefore initiated a formal inquiry to ensure confidence in impartiality thomas asked the chief justice to transfer the complaint to another circuit.

jim man syria mattis john roberts alex kozinski new york chief judge washington post chief justice chris arnold secretary pentagon harassment california sidney thomas thirty two years
"chris arnold" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:27 min | 2 years ago

"chris arnold" Discussed on WNYC 93.9 FM

"Live from npr news in washington i'm lakshmi sang a fullblown power struggle is playing out at the consumer financial protection bureau the wall street watchdog created after the financial crisis and pierce chris arnold reports and obama era staffer and a trump administration official both showed up to work to date each claiming to be the bureau's legitimate interim director the cfe bees outgoing director named the deputy leandra english is after president trump named his pick for the job two mick mulvaney a car white house official and former republican congressman beauvais any has been one of the most extreme critics of the cfp be going so far as to call for it to be abolished mike how whom the president of the center for responsible lending says interim could be longterm he says the consumer bureau is popular with voters of both parties so he wants to see the administration follow the usual senate confirmation process which would likely result in a more moderate permanent director meanwhile the courts may decide gets to be the interim director chris arnold npr news the un special envoy on syria is appealing to the warring sides to go to geneva without preconditions it is not clear if bishara las ads government will negotiate we have more from npr's michele it on the eve of what he hopes will be a serious round of negotiations on a new constitution and elections un special envoy steffan de mistura says syrian government isn't making any promises that up by hope and indeed expect that the government will be on his way shortly particular night president assad commitment to president putin when they met in sochi russia has backed the outside government and as helped syrian government forces take back some rebelheld territory changing the course of a civil war that has uprooted millions of syrians and left hundreds of thousands dead michelle kelemen npr news washington ending months of speculation prince harry confirms he's getting married to megan markel today the couple clasped hands as they announced their engagement and set off an immediate flurry of discussion about the evolution of the royal family in the twentyfirst century in britain markle's biracial she is a working actors she was married once before the also she's american royal historian christopher warwick says the.

lakshmi megan markel prince harry sochi assad steffan de mistura un senate mike congressman beauvais leandra english interim director obama chris arnold financial crisis washington christopher warwick britain markle michelle kelemen civil war russia president putin syrian government npr syria president mick mulvaney trump director official
"chris arnold" Discussed on NPR News Now

NPR News Now

02:01 min | 2 years ago

"chris arnold" Discussed on NPR News Now

"Richard cordery is stepping down in pierce chris arnold reports that has consumer advocates worried but who the trump administration will choose to replacement surgery has been director of the cfpb since it was created in the wake of the financial crisis myths mission is to protect consumers from predatory or unfair practices by financial institutions consumer advocates and democrats generally hail him as a hero of consumer protection under his leadership the bureau and after wells fargo bank over it's fake accounts scandal took action against companies cheating people who had student loans but republicans in congress almost uniformly criticised corddry for being too aggressive and holding too much power in his role as a cop keeping watch on wall street there's been unconfirmed speculation that quadri might run for governor and ohio but he did not give a reason for stepping down chris arnold npr news before the close the dow is down one hundred thirty eight points more than half a percent at twenty three thousand two hundred seventy one you're listening to npr knees in germany world leaders are meeting at the un climate conference to revive plans laid out in the paris agreement which was rejected earlier this year by president trump has made nicholson reports all eyes are on german chancellor angela merkel to lead by example knuckle announced she was delighted to see so many representatives from u s cities states and industry present at the talks on showing that ongoing commitment to the fight against global warming then this'll dust ties to regard them to steal said i welcome the fact that climate change is still high on the agenda in large parts of the usa despite president trump's decision to pull out of the paris accord local faces mounting pressure at home to announce a firm deadline for ending hun nations reliance upon coal which provides about forty percent of germany's electricity needs for npr news i'm as mickelson in berlin investigators of the shooting rampage in northern california yesterday or identifying the.

mickelson berlin npr chancellor nicholson president paris germany ohio wells fargo bank financial crisis california Richard cordery usa climate change global warming knuckle angela merkel trump quadri congress cfpb director chris arnold forty percent
"chris arnold" Discussed on NPR News Now

NPR News Now

01:37 min | 3 years ago

"chris arnold" Discussed on NPR News Now

"Royal snyder npr news washington wells fargo ceo is to appear before a senate panel today to talk about ongoing reforms in wake of the bogus accounts scandals that rocked the bank last year and peres chris arnold says wells fargo's troubles have since mushroomed to include unnecessary auto insurance claims the customers didn't need auto insurance because they already had other auto insurer ads and they said they had no idea that this was happening and that the bank expected them to be paying for this extra insurance and at the back ended up acknowledging the tens of thousands of people wound up a defaults in that affected people's credit scores and thousands of people had their cars improperly repossessed by wells fargo npr's chris arnold reporting the us supreme court is set to hear arguments today on legislative redistricting at issue is whether to uphold political maps considered to bias toward incumbent parties the court opened its term yesterday with arguments on whether businesses can force employees to use arbitration the case pits labor laws allowing workers to band together against an older law encouraging the use of arbitration instead of the courts this is npr news lisa 'spect it masterminded the two thousand twelve attack that killed four americans at a us consulate in benghazi is being tried in washington in opening arguments yesterday prosecutors described ahmed abu konta them as someone who hated america so much that he couldn't contain is rage the defence painted abu kotla as a libyan patriot who aided the us war against libyan leader moammar qaddafi.

chris arnold wells fargo us washington abu kotla Royal snyder ceo senate insurance claims wells fargo npr npr benghazi ahmed abu konta america moammar qaddafi
"chris arnold" Discussed on NPR News Now

NPR News Now

01:45 min | 3 years ago

"chris arnold" Discussed on NPR News Now

"The us economy has picked up one hundred fifty six thousand jobs in august and the unemployment rate picked up slightly to four point four percent in pierce chris arnold reports on the latest where it from the labor department the numbers were a bit weaker than expected most analysts were predicting a gain of between one hundred seventy two hundred eighty thousand jobs also the past two months were revised lower for a loss of forty one thousand jobs from those prior reports still averaging a few months together this report is within the range with the trend of job growth has been for the past year and a half so no big surprises here wages continued to rise at the same mediocre pace two with average hourly earnings up two point five percent from a year ago chris arnold npr news this is npr the us in russia appear locked in titfortat responses in their diplomatic dispute a day after the state department announced it would shut down the russian consulate in san francisco and two other russian sites in washington dc and new york moscow's foreign minister warns the kremlin will have a tough response earlier russia ordered a significant reduction in american diplomatic personnel in its country after the us congress authorized new sanctions to punish russia for its incursion in crimea tens of thousands of moslem refugees have poured into bangladesh after fleeing fighting in western myanmar npr's anthony kyun reports from beijing it's the worst violence to strike the area in more than five years the reuters news agency quoted unnamed united nations officials who seeing that around thirty eight thousand ethnic ruhango have crossed the border from yaghmour's western reclined state.

yaghmour united nations reuters beijing anthony kyun myanmar crimea congress new york shut down npr chris arnold us news agency bangladesh kremlin foreign minister moscow washington dc san francisco russian consulate russia labor department unemployment rate five percent four percent five years two months
"chris arnold" Discussed on NPR News Now

NPR News Now

01:51 min | 3 years ago

"chris arnold" Discussed on NPR News Now

"Support for this podcast and the following message comes from adt security helping to protect families and homes for over 140 years adt yard sign is more than a sign it's a line in the sand for what matters most there's adt learn more at adt dot com live from npr news in washington on core of a coleman the us economy gained one hundred fifty six thousand new jobs last month and the unemployment rate ticked up slightly to four point four percent as npr's chris arnold reports that's the latest were just out from the labor department the numbers were a bit weaker than expected most analysts were predicting a gain of between one hundred seventy a hundred eighty thousand jobs also the past two months were revised lower for a loss of forty one thousand giat some those prior reports still averaging a few months together this report is within the range with the trend of job growth has been for the past year and a half so no big surprises here wages continue to rise at the same mediocre pace two with average hourly earnings up two point five percent from a year ago chris arnold npr news the national weather service says the remnants of hurricane harvey are streaming northeast heavy rain is falling from tennessee and kentucky north into southern indiana and ohio there's continued danger a flash flooding warnings for flash flooding are now posted in southern kentucky as water recedes in the greater houston area much of southeast texas is still gripped by catastrophic flooding npr's debbie elliott reports the nearly one hundred twenty thousand residents of beaumont texas are awaiting emergency drinking water supplies city manager kyle hayes says floods knocked out beaumont's to water pumping stations both of these facilities.

washington us unemployment rate npr chris arnold labor department tennessee indiana texas debbie elliott beaumont texas hurricane harvey kentucky ohio houston kyle hayes five percent four percent two months 140 years
"chris arnold" Discussed on NPR News Now

NPR News Now

02:10 min | 3 years ago

"chris arnold" Discussed on NPR News Now

"Americans are more confident about the economy than they've been in sixteen years says npr's chris arnold reports that's the latest word out today from the commerce department you have to go all the way back to two thousand and wanted to see a reading this high for people's confidence about the current state of the economy when you factor in where they think the economy will be in six months that's also near a sixteen year high analysts say more people are feeling good because jobs are easier to find the unemployment rate is very low which as 44 percent still that confidence is not translating into a boom in consumer spending as many americans are still saving more than shoring up their finances after the recession and the hasn't crash chris arnold npr news the dow is up one hundred in thirty points this is npr a british judge hearing the case of charlie guard says he will give his rolling on wednesday on where the terminally ill baby should be allowed to die eleven monthold charlie has been the subject of a bitter dispute the parents want to bring their son home to die but the hospital says it's not possible for practical reasons it's proposing that charlie be transferred to a hospice instead in an effort to court new drivers lubar is changing its harsh policies on termination and launching a new telephone hotline and paris arthey shahani reports uber have to find a new ceo but that's not all the tech giant has to do in the stiff competition for workers who were also have to prepare its relationship with drivers which leaders at the company say is broken today as part of an ongoing effort called a hundred navy dave change the company is reforming its threestrikes law before a driver with three complaints would be terminated even if the driver had completed ten thousand ride that were fivestar 'perfect now uber is tweaking its firing formula to consider how long the person's been driving overall ratings and whose complaining uber is also launching a phone hotlines drivers can call for help until now they've had to rely on messaging which can be maddening if you've just have nachshon on the job or a passenger attacked you artificial honey npr news san francisco.

npr chris arnold unemployment rate dow charlie ceo san francisco dave sixteen years sixteen year 44 percent six months
"chris arnold" Discussed on NPR News Now

NPR News Now

01:35 min | 3 years ago

"chris arnold" Discussed on NPR News Now

"Sara maccammon npr news the huge amount of rain that fell on the west this past winter is apparently not doused wildfire expectations and here's kirk sigler tells us officials are predicting an above average risk of destructive wildfires in southern california parts of the great plains in the coming weeks the catch with all the rain is that things got really lush tall grasses and shrub lands exploded with foliage and it's all now turning tinderdry in it's good kindling for major fires to spread in the latest forecast from the national interagency fire center warns the risk will be particularly high in lower elevation areas like the foothills and mountains valleys in places like southern california and pierce kirk sigler reporting you're listening to npr news from washington the fourth of july is here which means millions of americans have driven their cars and trucks to meet up with family and friends and fire up the grill and the send dependence day both gas and the burgers are cheaper than the vending years as an pierce chris arnold reports it's a fourth to remember when it comes to cheap gas in beef gas prices on average of nudge down to to 23 a gallon let's the lowest price on any for the july weekend in more than a decade meanwhile hamburger costs the fifth threeyear low that's thanks to a large supply of meat in the market but before you seidel up the barbecue for that fourth plateful just remember beef may be cheaper than it's been in years but it's still has all the cholesterol and the calories chris arnold npr news.

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