Tens of thousands of Americans were displaced in the months that followed; Landlords have filed more than 162,500 eviction notices in the 27 cities it tracks, according to the Eviction Lab. The worst of the crisis, however, has so far been averted by a patchwork of state moratoria, which in turn has been complemented by a patchwork of federal efforts. In March, Congress passed a temporary eviction moratorium under the CARES Act. After this period, the Centers for Disease Control and Prevention (CDC) introduced their own temporary moratorium in September. Most recently, as part of the stimulus package passed at the end of December, Congress granted states and municipalities US $ 25 billion in rental support and extended the eviction moratorium to January 31. The tenants breathed a sigh of relief.
However, this relief can only be short-lived. The end date for the federal moratorium is in a few weeks’ time, and various state moratoriums are also scheduled for sunset. And the US $ 25 billion rent relief granted by Congress is critical, but it falls far short of what proponents consider necessary. But perhaps the most difficult problem is that a moratorium is not the same as rent forgiveness. This means that even if the moratoria is renewed (and then again), tenants will at some point have to pay their landlords the entire accrued return rent. Almost 12 million households already owe an average of $ 5,850 in overdue rents and utilities, according to Moody’s Analytics. That’s $ 70 billion. How can people repay these amounts if they remain unemployed? How can they repay them even if they get a job? […]
Three more articles worth reading
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TWEET OF THE DAY
“Of all of mankind’s absurd assumptions about mankind, nothing goes beyond most of the criticisms that well-housed, well-warmed and well-fed people make of the habits of the poor.”
~~ Herman Melville, Billy Budd & other stories (1924)
B) LAST OF THE PAST
That day at Daily Kos in 2005– FBI is still stuck in the Tron Age:
Three years after the 9/11 attacks, I was pretty disturbed to read this story in today’s NYT:
The Federal Bureau of Investigation is on the verge of getting rid of a $ 170 million computer overhaul that is seen as critical to the campaign against terrorism but is fraught with technical and planning issues, FBI officials said Thursday.
The development is a major setback for the FBI in a decades-long struggle to escape a paper-driven culture and replace obsolete computer systems that have hampered counter-terrorism and criminal investigations. Robert S. Mueller III, the director of the office, along with members of the September 11th commission and other national security experts, stated that the success of these efforts was vital to internal security. (Emphasis added.)
Are you kidding me? Why can’t they get this right, especially since these are longstanding issues that were brought to the attention of the FBI long before 9/11?– – Hell, a really long time before 9/11