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Javier E

Suburban Disequilibrium - NYTimes.com - 0 views

  • , rich and poor neighborhoods like these house a growing proportion of Americans, up to 31 percent compared with 15 percent in 1970, according to a recent study by Sean F. Reardon and Kendra Bischoff. Meanwhile, iconic middle-income suburbs are shrinking in numbers and prospects.
  • another truth about suburban places: their tendency to sustain and reinforce inequality. Bradbury and Azusa have maintained their spots in the top and bottom tiers of the Los Angeles suburbs for decades. The sociologist John Logan described this “stratifying” feature long ago, noting that localities held on to social advantages and disadvantages over time. Patterns are established, and successive waves of pressure — fiscal, political, social — tend to keep things moving in the same direction.
  • Some of this is obvious. High property values support high-achieving schools, which in turn increase property values and personal wealth. Racial redlining holds property values down, limiting investment in schools and preventing families from building equity, disadvantages that pass to the next generation like a negative inheritance. The point is not simply that rich and poor people live in different places through a kind of class sorting in the marketplace. The places themselves help to create wealth and poverty. Because of this power of places to fix inequity over time, current patterns are likely to outlive their residents.
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  • Globalization helps drive these patterns to new extremes. Money flows into suburbs like San Marino and Palos Verdes, where Asian immigrants buy up expensive properties and generously donate their time and money to the local schools. Money flows out of poorer suburbs like South Gate, Bell and Huntington Park, all heavily Latino, where disposable income is tight and many families export remittances to a home country. New poverty builds upon old impoverishment. Infrastructure is stretched as renters crowd into dwellings that were modest to begin with. The toxic footprint of departed industries is left behind for new residents to contend with.
  • Many of Los Angeles’s middling suburbs have also slipped, especially those ravaged by plant closures since the 1980s. The southern section of blue-collar suburbs was hit especially hard. Here, suburbia transformed from comfortable communities housing unionized workers with well-paying jobs in local factories that gave them access to a middle-class lifestyle to fiscally strained communities housing immigrants working in low-paying, nonunion jobs.
  • Outer suburbs have fared little better. As home costs skyrocketed in recent decades, families chased “affordable” housing to the exurbs. They took on outsize mortgages and monster commutes, and they took with them congested roads, smog and sprawl. Compounding these strains, tax revenues lagged behind the cost of schools, roads, parks and libraries — the very infrastructure necessary to sustain middle-class life. This edifice came crashing down in the recession.
  • Policies to redress suburban inequality must focus not only on factors like income but also on tax equity across metro areas and regional planning that fairly distributes resources and responsibilities (like affordable housing). We should limit the mortgage-interest deduction for second homes and for values above the regional median. These steps would reduce distortions that inflate housing prices and concentrate wealth in what are already wealthy places.
Javier E

RORATE CÆLI: Pope to Latin American Religious: Full text Update: Religious co... - 0 views

  • They will make mistakes, they will make a blunder [meter la pata], this will pass! Perhaps even a letter of the Congregation for the Doctrine (of the Faith) will arrive for you, telling you that you said such or such thing... But do not worry. Explain whatever you have to explain, but move forward... Open the doors, do something there where life calls for it. I would rather have a Church that makes mistakes for doing something than one that gets sick for being closed up...
  • It is necessary to shake things up [flip things over, lit. dar vuelta (a) la tortilla]. It is not news that an old man dies of cold in Ottaviano [Rorate note: referring to the surroundings of via Ottaviano and the Ottaviano Rome Metro station, near the Vatican], or that there be so many children with no education, or hungry, I think of Argentina...On the other hand, the main stock exchanges go up or down 3 points, and this is a world event. One must shake things up! This cannot be. Computers are not made in the image and likeness of God; they are an instrument, yes, but nothing more. Money is not image and likeness of God. Only the person is image and likeness of God. It is necessary to flip it over. This is the gospel.
Javier E

E Pluribus Unum - NYTimes.com - 0 views

  • Is America in 2013, in any meaningful sense, the same country that declared independence in 1776?
  • the typical American lives in an environment that resembles greater Boston or greater Philadelphia more than it resembles Greensboro, let alone true small towns.
  • America in 1776 was a rural land, mainly composed of small farmers and, in the South, somewhat bigger farmers with slaves. And the free population consisted of, well, WASPs: almost all came from northwestern Europe, 65 percent came from Britain, and 98 percent were Protestants.
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  • the real America is, in fact, a nation of metropolitan areas, not small towns.
  • two-thirds of Americans live in metro areas with half-a-million or more residents.
  • we are, objectively, the most class-ridden nation in the Western world — the country where children of the wealthy are most likely to inherit their parents’ status. It’s also a place where everyone celebrates the right to vote, yet many politicians work hard to disenfranchise the poor and nonwhite.
  • Almost none of us are farmers; few of us hunt; by and large, we sit in cubicles on weekdays and visit shopping malls on our days off.
  • We’re no longer an Anglo-Saxon nation; we’re only around half-Protestant; and we’re increasingly nonwhite.
  • America remains uniquely democratic in its mannerisms, in the way people from different classes interact.
  • we are still, at root, a nation that believes in democracy, even if we don’t always act on that belief.
  • The wealthy may defend their privileges, but given the temper of America, they have to pretend that they’re doing no such thing. The block-the-vote people know what they’re doing, but they also know that they mustn’t say it in so many words. In effect, both groups know that the nation will view them as un-American unless they pay at least lip service to democratic ideals
sarahbalick

Euro 2016 football tournament in France could be terror target, US warns - BBC News - 1 views

  • Euro 2016 football tournament in France could be terror target, US warns
  • The US has warned that the Euro 2016 football championship being held in France next month could be a target of militant attacks.
  • "The large number of tourists visiting Europe in the summer months will present greater targets for terrorists," the State Department said.
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  • In March, 32 people died in neighbouring Belgium when suicide blasts hit Brussels airport and a metro station. So-called Islamic State said it was behind both the Paris and Brussels attacks.
  • The attacks could hit tourist sites, restaurants, commercial centres and transportation, it warns, with large events such as Euro 2016 singled out. @media only screen and (min-width: 1px) { .ns_datapic_stat--euro-2016-data .ns_outer_wrapper { background-image: none; } .ns_datapic_stat--euro-2016-data .ns_outer_wrapper .ns_inner_wrapper { max-width: 100%; padding: 0; } } @media only screen and (min-width: 480px) { .ns_datapic_stat--euro-2016-data .ns_outer_wrapper .ns_inner_wrapper { max-width: 40%; padding: 0.5em; } .ns_datapic_stat--euro-2016-data .ns_outer_wrapper { background-image: url(http://news.files.bbci.co.uk/vj/live/idt-images/data_pic-Euro_2016_data/marseille_r13sr.jpg); } } .ie8 .ns_datapic_stat--euro-2016-data .ns_outer_wrapper .ns_inner_wrapper { max-width: 40%; padding: 0.5em; } .ie8 .ns_datapic_stat--euro-2016-data .ns_outer_wrapper { background-image: url(http://news.files.bbci.co.uk/vj/live/idt-images/data_pic-Euro_2016_data/marseille_r13sr.jpg); }
  • An unnamed US official told the Reuters news agency they had no particular threat information that gave rise to the latest alert.
  • More than 90,000 police, soldiers and private security agents are being deployed as well.
Javier E

Teacher Suspended After Rescinding College Letter For Student Who Made Swastika | The H... - 1 views

  • Police decided the swastikas didn’t constitute hate crimes, and school officials said they punished students who were involved
  • Teachers asked administrators to send a letter home to parents explaining the situation, according to The Boston Globe. That didn’t happen, the Globe reported, and students and some teachers began talking about it. 
  • One teacher broached the subject in her classroom. Another raised the topic of anti-Semitism with fellow teachers, and privately with a student. Both were sanctioned with disciplinary letters.
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  • The third teacher had written a letter of recommendation to a college for the boy who made the swastika. She contacted the college and explained why she was withdrawing her endorsement. A school district disciplinary committee decided last week to suspend the teacher without pay for saying why she had rescinded the letter, according to the teachers union. 
  • The punishments followed a complaint made to the superintendent by the mother of the boy who made the swastika.
malonema1

State asks for bids in $2 million study of North-South rail link - The Boston Globe - 0 views

  • State asks for bids in $2 million North-South rail link study
  • State transportation officials began soliciting bids Wednesday to study a proposed rail tunnel connecting North and South stations, a long-discussed project that would create an unbroken rail route from Maine to Washington, D.C.
  • The study, expected to take about eight months after a consulting firm is chosen, will cost as much as $2 million and will provide updated cost estimates and outline the benefits to riders.
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  • between $2 billion and $3 billion.
  • In 2003, governor Mitt Romney shelved the project as too expensive, and its fate seemed sealed. But aggressive lobbying from supporters, including US Representative Seth Moulton and former governors Michael Dukakis and Bill Weld, has brought the proposal back into the public conversation
  • The MBTA faces chronic budget woes and is already seeking to build a $2.3 billion Green Line extension into Somerville and Medford, a project that has been delayed over rising cost estimates.
  • “North South Rail Link has the potential to fuel the growth of our economy and connect people with both jobs and housing across the state,” Moulton said Wednesday. The state needs to invest in transportation infrastructure to remain globally competitive, he added.
  • “You have to understand that it doesn’t make a lot of sense for the commuter rail lines in the north and the south to not be connected,” he said
draneka

Charlie Baker promises state funding to offset any US cuts to Planned Parenthood - The ... - 0 views

  • Governor Charlie Baker is pledging to boost state funding for Planned Parenthood clinics in Massachusetts if his fellow Republicans in Washington push ahead with a plan to slash the flow of federal dollars to the organization.
  • “The administration is prepared to fund these services should the federal government pursue changes that would block care for women and families here in Massachusetts,” she said.
  • “We certainly object to giving the money to Planned Parenthood when there are hundreds of other facilities that do health care services,” Beckwith said.
Javier E

Business - Derek Thompson - How Americans Lost Two Decades of Wealth, in 1 Graph - The ... - 0 views

  • The typical American family's net worth plunged by 40 percent between 2007 and 2010, from $126,400 to $77,300, wiping out two decades of gains and thrusting the typical family's wealth back to 1992 levels.
  • median household wealth popped in the bubble and collapsed in the bust, as housing prices fell by 30 to 40 percent in the worst-hit metros, in California, Nevada, and Florida. In 2007, barely half of families surveyed by the Federal Reserve reported savings. Just as the boom made families feel richer, the financial shock made families feel poorer. And so falling housing prices led to falling wealth, which led to falling spending, which led to falling private sector revenue, which led to massive job cuts, which dragged down housing prices even further, and around and around we go.
  • this is why stimulus-supporters support stimulus. A nation that controls its currency and has low borrowing costs has not only an obligation but also an easy opportunity to step into the vicious cycle and erect a firewall -- either with (a) massive spending, (b) tax cuts, (c) lower interest rates, (d) higher inflation expectations, or (e) all of the above
Javier E

Atlanta's snow fiasco: The real problem in the South isn't weather, it's history. - 0 views

  • “Proud, brave, honorable by its lights, courteous, personally generous, loyal … such was the South at its best,” wrote W. J. Cash in his classic 1941 work, The Mind of the South. So far, so good—but Cash goes on to describe some less appealing but still quintessentially Southern traits, among them being “suspicion toward new ideas, an incapacity for analysis, an inclination to act from feeling rather than from thought, an exaggerated individualism and a too-narrow sense of social responsibility.” And, of course, “too great an attachment to racial values”—or, so as not to mince words, racism.
  • Much as white Southerners despise being labeled “racist” whenever they vote Republican—and I do understand why that makes them mad—it is still a fact that you cannot separate anything in the South entirely from the question of race.
  • Plain and simple, it was white folks’ fear of black folks that explained the failure of a sales-tax hike to fund rapid rail in three of the then five counties making up the metro Atlanta area.
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  • The results are not just suburban sprawl, which Atlanta is hardly the only city to suffer from; another result is widening income inequality—which Atlanta leads the nation in, by the way—since sprawl creates a dearth of close-in affordable housing and forces poor people spend a larger portion of their income on transportation
johnsonma23

Boston's struggle with income segregation - The Boston Globe - 0 views

  • Boston’s struggle with income segregation
  • In a region known for its searing struggles with racial division, another once-secondary form of segregation — income segregation — has become a defining force.
  • The surge in affluence in some areas and poverty in others has wiped out scores of mixed-income neighborhoods. In 1970, 7 in 10 families lived in these places. Now it’s just 4 in 10.
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  • In 1970, just 8 percent of families in Boston and the surrounding cities and towns lived in the poorest neighborhoods. Now, the figure is more than twice as high — 20 percent
  • Blue- and white-collar families who once lived close enough to bump into each other in the aisles of the local hardware store or chat in the pews of the neighborhood church live in much more homogenous places now.
  • a Harvard social scientist, argues that the biggest threat to national cohesion is not the income inequality that has drawn so much scrutiny from the news media and the political class, but the social segregation that inequality has helped to create — in where people live, where they go to school, and whom they marry.
  • Low-income people bear the brunt of the new segregation. Research shows that poor kids who grow up in poor neighborhoods attend college at lower rates, earn less money as young adults, and are more likely to become teenage parents than poor kids who grow up in better-off neighborhoods.
Javier E

Who Turned My Blue State Red? - The New York Times - 0 views

  • IT is one of the central political puzzles of our time: Parts of the country that depend on the safety-net programs supported by Democrats are increasingly voting for Republicans who favor shredding that net.
  • The temptation for coastal liberals is to shake their heads over those godforsaken white-working-class provincials who are voting against their own interests.
  • this reaction misses the complexity of the political dynamic that’s taken hold in these parts of the country. It misdiagnoses the Democratic Party’s growing conundrum with working-class white voters. And it also keeps us from fully grasping what’s going on in communities where conditions have deteriorated
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  • the people who most rely on the safety-net programs secured by Democrats are, by and large, not voting against their own interests by electing Republicans. Rather, they are not voting, period. They have, as voting data, surveys and my own reporting suggest, become profoundly disconnected from the political process.
  • The people in these communities who are voting Republican in larger proportions are those who are a notch or two up the economic ladder — the sheriff’s deputy, the teacher, the highway worker, the motel clerk, the gas station owner and the coal miner. And their growing allegiance to the Republicans is, in part, a reaction against what they perceive, among those below them on the economic ladder, as a growing dependency on the safety net, the most visible manifestation of downward mobility in their declining towns.
  • After having her first child as a teenager, marrying young and divorcing, Ms. Dougherty had faced bleak prospects. But she had gotten safety-net support — most crucially, taxpayer-funded tuition breaks to attend community college, where she’d earned her nursing degree.
  • She landed a steady job at a nearby dialysis center and remarried. But this didn’t make her a lasting supporter of safety-net programs like those that helped her. Instead, Ms. Dougherty had become a staunch opponent of them. She was reacting, she said, against the sense of entitlement she saw on display at the dialysis center
  • “People waltz in when they want to,” she said, explaining that, in her opinion, there was too little asked of patients. There was nothing that said “‘You’re getting a great benefit here, why not put in a little bit yourself.’ ” At least when she got her tuition help, she said, she had to keep up her grades. “When you’re getting assistance, there should be hoops to jump through so that you’re paying a price for your behavior,” she said. “What’s wrong with that?”
  • these voters are consciously opting against a Democratic economic agenda that they see as bad for them and good for other people — specifically, those undeserving benefit-recipients who live nearby.
  • Where opposition to the social safety net has long been fed by the specter of undeserving inner-city African-Americans — think of Ronald Reagan’s notorious “welfare queen” — in places like Pike County it’s fueled, more and more, by people’s resentment over rising dependency they see among their own neighbors, even their own families.
  • This political disconnect among lower-income Americans has huge ramifications — polls find nonvoters are far more likely to favor spending on the poor and on government services than are voters, and the gap grows even larger among poor nonvoters
  • THAT pattern is right in line with surveys, which show a decades-long decline in support for redistributive policies and an increase in conservatism in the electorate even as inequality worsens. There has been a particularly sharp drop in support for redistribution among older Americans,
  • researchers such as Kathryn Edin, of Johns Hopkins University, found a tendency by many Americans in the second lowest quintile of the income ladder — the working or lower-middle class — to dissociate themselves from those at the bottom, where many once resided. “There’s this virulent social distancing — suddenly, you’re a worker and anyone who is not a worker is a bad person,” said Professor Edin. “They’re playing to the middle fifth and saying, ‘I’m not those people.’ ”
  • Meanwhile, many people who in fact most use and need social benefits are simply not voting at all. Voter participation is low among the poorest Americans, and in many parts of the country that have moved red, the rates have fallen off the charts. West Virginia ranked 50th for turnout in 2012; also in the bottom 10 were other states that have shifted sharply red in recent years, including Kentucky, Arkansas and Tennessee.
  • The political upshot is plain, Mr. Cauley added. “It’s not the people on the draw that’s voting against” the Democrats, he said. “It’s everyone else.”
  • low turnout by poor Kentuckians explained why the state’s Obamacare gains wouldn’t help Democrats. “I remember being in the room when Jennings was asked whether or not Republicans were afraid of the electoral consequences of displacing 400,000-500,000 people who have insurance,” State Auditor Adam Edelen, a Democrat who lost his re-election bid this year, told Joe Sonka, a Louisville journalist. “And he simply said, ‘People on Medicaid don’t vote.’
  • Republicans, of course, would argue that the shift in their direction among voters slightly higher up the ladder is the natural progression of things — people recognize that government programs are prolonging the economic doldrums and that Republicans have a better economic program.
  • it means redoubling efforts to mobilize the people who benefit from the programs. This is no easy task with the rural poor, who are much more geographically scattered than their urban counterparts. Not helping matters in this regard is the decline of local institutions like labor unions — while the United Mine Workers of America once drove turnout in coal country, today there is not a single unionized mine still operating in Kentucky.
  • it also means reckoning with the other half of the dynamic — finding ways to reduce the resentment that those slightly higher on the income ladder feel toward dependency in their midst. One way to do this is to make sure the programs are as tightly administered as possible. Instances of fraud and abuse are far rarer than welfare opponents would have one believe, but it only takes a few glaring instances to create a lasting impression
  • The best way to reduce resentment, though, would be to bring about true economic growth in the areas where the use of government benefits is on the rise,
drewmangan1

Deportations quietly continue - The Boston Globe - 0 views

  • Macario carried records he hoped would spare him from deportation. Immigration officials had ordered him to leave because of a 1995 misdemeanor drunken driving conviction —part of efforts by the Obama administration to deport immigrants who have violated immigration laws
Javier E

Will Self-Driving Cars Ruin the American City? - The Atlantic - 0 views

  • Autonomous cars aren’t just cars. They’re infrastructure. If the U.S. wants to avoid its past mistakes, American cities have to start thinking about how to use autonomous cars to make their downtown areas more efficient for humans, not just for machines. That could mean aggressive congestion pricing, limiting the number of AVs in an area, prohibiting certain companies from operating such cars, or even capping ownership. Today these may seem like radical steps. But compared to a future where every family and company tries to operate an autonomous car in the same metro area, it may feel like pure old-fashioned conservatism.
  • There is a future where a handful of efficient, self-driving cars operated by a responsible fleet manager could return American cities to a superior age, where people mixed promiscuously around the streets, rather than be confined to narrow sidewalks to maximize space for cars.
Javier E

'Homage to evil': Russian activists detained over Stalin protest | World news | The Gua... - 0 views

  • Almost three decades on from the collapse of the communist system in Russia, thousands of metro stations, streets and squares across the country continue to bear the name of Soviet leaders and officials, while almost every town or city has a statue of Vladimir Lenin. Opinion polls indicate around 25% of Russians believe Stalin’s campaign of political terror, estimated to have killed some 20 million people, was “historically justified
  • Knowledge about the Stalin era is patchy among young Russians. There is nothing in the official school curriculum about Stalinist terror, and children can go through their entire school years without hearing anything about the topic. Unsurprisingly, almost half of all Russians aged 18-24 know nothing at all about Stalin’s purges, according to an opinion poll published last year.
Javier E

There is much to fear about nationalism. But liberals need to address it the right way.... - 0 views

  • there is much to fear about nationalism. Extreme nationalism has led to fascism, war, the persecution and slaughter of minorities and the undermining of democracy in the name of national unity
  • In regularly denouncing the give-and-take of party politics as a force dividing and corrupting “the people,” nationalists can open the path to rule by ruthless, cynical autocrats.
  • But those who would save liberal democracy (along with anyone who would advance a broadly progressive political outlook) need to be honest with themselves and less arrogant toward those who currently find nationalism attractive.
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  • Across the democratic world, an enormous divide has opened between affluent metropolitan areas and the smaller cities, towns and rural regions far removed from tech booms and knowledge industries
  • Globalization married to rapid technological change has been very good to the well-educated folks in metro areas and a disaster for many citizens outside of them. This is now a truism, but it took far too long for economic and policy elites to recognize what was happening
  • This is a central theme of the political writer John Judis’s excellent and compact book “The Nationalist Revival,” published this fall
  • Judis sees the rise of nationalism as a reaction to “the illusions and excesses of globalization.” By unleashing footloose capital and undercutting national and even international efforts to regulate the economy in the public interest, globalization “is incompatible with social democracy in Europe or with New Deal liberalism in the United States.”
  • He proposes a useful distinction between “globalism” and “internationalism.” He’s against the first but for the second
  • friends of liberal democracy need to keep two ideas in mind at the same time.
  • Internationalism, on the other hand, accepts that nations may sometimes have to “cede part of their sovereignty to international or regional bodies to address problems they could not adequately address on their own.”
  • critics of Trumpism need to recognize the ways in which globalism undercuts the rights and fortunes of large numbers of democratic citizens. The dispossessed often turn to nationalism for relief against their own sense of powerlessness.
  • Thinking about powerlessness is also important for understanding the backlash against immigration
  • there is nothing new (or necessarily indecent) about citizens saying that nations have a right to control their borders and to decide what levels of immigration they want to accept at any given time.
  • The challenge for the left and for all advocates of humane immigration policies is to move the debate from angry abstractions about “open borders” and toward a practical engagement with basic questions:
  • What level of immigration is optimal at this moment for the nation as a whole? What will it take to reach a consensus for creating a path toward citizenship for immigrants who are here illegally? And how do we build a stronger civic culture that acknowledges the rights but also the duties of the native-born and immigrants alike?
  • Globalism, Judis argues, “subordinates nations and national governments to market forces or to the priorities of multinational corporations.
  • On the one side, they should not automatically cast those who worry about the decay of national sovereignty as reactionaries. On the other, they must continue to insist — and urgently so in 2019 — that American patriotism and the defense of constitutional democracy are one and the same.
Javier E

How to weasel your kid into an elite college without paying bribes - The Washington Post - 0 views

  • It’s a textbook case of entitlement, closely intertwined with a logic that undermines affirmative action. For while children from wealthy families float to college on rafts of invisible advantages that we pretend are talents, minority kids are constantly told that they don’t really deserve to be there. 
  • the students who come in through the “front door” at elite colleges, by simply applying and being accepted, have also often bought their way in.
  • Rich parents spend millions on their children to make them “better” than others
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  • Parents deploy their wealth to make their children look interesting and have the right “talents.” It works: Children from the top 1 percent are 77 times more likely to attend elite colleges than children from the bottom 20 percent.  
  • For the super-rich, the legal scam of buying your child a spot at an elite school through, say, giving a building is a secret so open it’s hardly a secret at all
  • I spoke to someone who’d worked in development at a boarding school that had long served as a feeder to the Ivy League. At the time he told me that to get into an Ivy school, you need to give about $5 million.
  • They may not even be able to talk about this: It’s become standard to require admissions officers to sign nondisclosure agreements. 
  • Kushner has objected that he graduated from Harvard with honors, but since about 90 percent of his class did, too, that hardly proves he was more deserving of admission than people whose families didn’t have $2.5 million to give. 
  • while Harvard accepted about 11 percent of applicants in the late 1990s, when Kushner was admitted (the admission rate is lower now), more than half of the members of the Harvard Committee on University Resources — made up of some of the school’s biggest donors — had children then at the university, and many had sent more than one there.
  • Based on my research, I’d bet that there are orders of magnitude more students at elite colleges who took the “philanthropy” route to admission rather than the bribery one.
  • the true tragedy is that almost all rich families buy their kids into elite colleges by purchasing advantages they pass off as talents, whether by way of sailing lessons or elaborate vacations planned with an eye on admissions essays. We view these vastly overrepresented children of the rich as having earned their spots. And that’s the great American delusion we call “meritocracy.” 
  • My parents gave me a lot I’m enormously grateful for: violin lessons that cost thousands of dollars a year, trips to museums and sites in foreign countries. My boarding-school classmates enjoyed much more: prestigious unpaid internships, interview coaching and tutors who helped with the work of every class.
  • This is the real scandal. The 1 percent — more than 1 million American households — have more and more money, and they’re using huge sums so their children can get a leg up on the rest
  • Those students escape questions about whether they deserve to be there, unlike people who benefit from programs like affirmative action, which could help moderate those advantages. Instead of thinking about this as a problem inherent in the system, we call it the virtue of meritocracy. And we look to the poor and middle classes and ask, “Why aren’t you more talented?”
runlai_jiang

Spring Home Sales Could Be the Weakest in Years - WSJ - 0 views

  • The culprits: rising mortgage rates, a tax bill that reduces the incentives for homeownership and a growing weariness among first-buyers being priced out of the market—all of which are expected to damp demand for homes this year.
  • “It’s still going to be a tight market, but we’re moving from an extremely tight market to one that has some wiggle room around the edges for buyers,” said Daren Blomquist, a senior vice president at the housing-research firm Attom Data Solutions.
  • Lawrence Yun, chief economist at the National Association of Realtors, said he expects sales to be flat this spring from a year earlier. Roughly 2.06 million homes were sold between March and June 2017, up from about 2 million in the same period a year earlier, according to the National Association of Realtors.
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  • Mr. Yun predicts sales will remain flat for all of 2018, due to inventory shortages and eroding affordability, as both prices and mortgage rates rise.
  • A homeowner with a median-priced home in the San Francisco area will receive $4,500 less in housing-related tax benefits in the first year of a 30-year mortgage this year, according to real-estate data company Apartment List. A homeowner in the same position in the New York metro area would receive $1,500 less annually.
  • Weakness at the high end is being driven by stock market volatility and the $10,000 cap the tax bill placed on deducting state and local property taxes
  • “People are being a little more cautious than they were before,” Mr. Glazer said. “Buyers have a number in mind, and they’re willing to stick their ground more than in the past.”
  • Kalena Masching, a Redfin agent in Silicon Valley, said she has seen a pickup in activity in recent weeks as buyers and sellers have digested the implications of the tax bill. Buyers are putting down larger down payments to bring the size of their mortgages below the new $750,000 cap. But that could be a challenge if the stock market continues to fluctuate, because buyers might want to hold on to more of their cash
  • s. Masching said she is also hearing more from older buyers who are thinking about selling their homes and using the proceeds to retire out of state, prompted in part by the changes to the tax law
  • “I’m hoping it’s going to be better. We never got any inventory last year,” said Ms. Masching. “The big concern for our sellers is: Where are they going to go?”
  • Rhian Daniel, a 50 year old who works for a medical startup, and his wife have been looking for a home for about four years, both in the Bay Area and further afield. The couple have largely given up for the moment, and are considering eventually moving to a place like Dallas, with lower home prices and property taxes.
  • Mr. Daniel’s wife is a therapist, and they both have student debt that limits the size of the mortgage they can get.
brickol

Georgia Covid-19 cases rise as Atlanta mayor warns hospitals are at capacity | US news ... - 0 views

  • The coronavirus crisis in Georgia is spiraling as the mayor of Atlanta has warned that intensive care unit (ICU) beds in the city have reached capacity even though the level of the virus in the state is probably still far from its peak.
  • With more than 1,200 cases across the southern state, according to Georgia’s department of health, the state’s largest hospital, Grady Memorial, has been down at least 200 ICU beds since December due to a flood, a hospital staff member with knowledge of the hospital’s situation tells the Guardian.
  • Nearly one out of six cases in the state are in the Atlanta metro area. Unlike other US centers of the crisis such as New York, where large convention facilities are being used to place more beds, ventilators and supplies, that has not been the case in Atlanta.
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  • People have to understand that when we overrun our healthcare – our hospitals – that people will still come in with heart attacks, people will still have car accidents. These things that happen every day on top of Covid-19 will make our healthcare system collapse in the same way that you’re seeing that happen in New York and you’re seeing it happen across the globe,”
  • Until Wednesday morning, Georgia also had the fourth-highest death toll of coronavirus patients, until Louisiana’s cases soared. With over half a dozen Georgia hospitals shutting down during the past decade across rural communities, much of the state’s healthcare has been lacking. In 2017, a study found Georgia had one of the worst healthcare systems in the country, ranking it 49th for access.
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