Rents rise across country as economy rebounds

first_img EvictionsRental MarketResidential Real Estate Expensive urban markets like Manhattan and San Francisco saw a steep decline in rent earlier in the pandemic, as those who could afford to fled the city to work remotely elsewhere.Meanwhile, rents in cities that people fled to — such as Richmond, Virginia; Fresno, California and Dayton, Ohio — increased as vacancies plunged and prices soared.Now, prices are rising in all the places they fell last year. One economist told the publication that the rebound is happening more quickly than expected.Americans can expect the median increase in rent to be around 5.3 percent, close to the highest in the past decade.[Bloomberg News] — Cordilia JamesContact Cordilia James Full Name* Email Address* Message* Tags As the economy rebounds, rental prices are following suit. With the eviction ban recently overturned, that spells trouble for tenants who are struggling to make ends meet. (iStock)Rents are going up, which is bad news for tenants staring down eviction.The median monthly charge on a vacant rental saw a $185 annual jump in March, Bloomberg News reported, citing data from the U.S. Census Bureau. In April, rents rose nearly 2 percent, the biggest jump since 2017.Those increases, along with the uneven economic recovery and recently overturned eviction ban, puts pressure on lower-income families, who typically spend 40 percent of their income on rent.A federal judge ruled Wednesday that the Centers for Disease Control and Prevention didn’t have the legal authority to ban evictions last year. The moratorium, which is set to last until June, gave protection to those who’d lost their jobs.ADVERTISEMENTRead moreJudge strikes down federal eviction ban Brooklyn, Manhattan rental markets “beginning to pivot” National eviction moratorium ruled unconstitutional, but remains in place Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlinklast_img read more

Interview with Mr. Denzil L. Douglas, Prime Minister of St. Kitts and Nevis

first_img The Prime Minister of Saint Kitts and Nevis, Mr. Denzil L. Douglas, gave one of the most passionate presentations during the 2012 Caribbean Nations Security Conference (CANSEC), hosted and sponsored by that Caribbean nation with co-sponsorship of the United States Southern Command, in December 2011. Diálogo had the opportunity to talk to Prime Minister Douglas right after his opening remarks about some of the topics referenced in his speech, such as regional security, information sharing, and disaster relief. Diálogo: What is the importance of a conference like CANSEC? Prime Minister Denzil L. Douglas: Because everybody here has a shared interest in protecting the region, and this conference calls for in-depth analysis and planning of our way forward. Transnational organized crime is not what it used to be. It is ever more sophisticated, ever more complex in its operations, ever more covert, and ever more resolute, and that is why CANSEC 2012 is so important to us. Diálogo: What are the main security concerns for Saint Kitts & Nevis today? Prime Minister Douglas: Whether one is the world’s leading superpower like the United States of America, or the Western Hemisphere’s smallest nation like St. Kitts and Nevis, national security is the pivot on which all else turns. We battle criminality because, regardless of size or stature, the fight against crime is key to social stability. [We] battle criminality because without such a fight, the gears of our economic engines become completely jammed. And we battle criminality because criminality unchecked is a threat to the political system on which any credible, legitimate government stands. Diálogo: Why is it so important that countries in the region share information with the U.S.? Prime Minister Douglas: Whether we, in this hemisphere, institute systems to expedite secure sharing of actionable intelligence or not, will, without a doubt, determine whether we tip the balance in this hemisphere in favor of transnational organized crime, or in favor of the democratic law-and-order values that we are responsible for protecting. The time for high and sustained levels of intraregional collaboration is now. The U.S. Department of Justice states that the primary threat of drug smuggling to the United States on aircraft will continue to be composed of criminals using commercial airlines from South America and the Caribbean to smuggle heroin and cocaine. Caribbean governments, at the same time, know that the seminal threat to Caribbean societies remains in the unrestricted flow of conventional arms, including small arms, light weapons, and ammunition, from the United States into several of our countries. The juxtaposition of these two facts makes it abundantly clear just how pressing the need is for dramatically improved and fully reciprocal information-sharing amongst all states represented here at CANSEC. Diálogo: What is the framework for crime and security instituted in the Caribbean Community and Common Market (CARICOM) recently? Prime Minister Douglas: A critical component of the management framework for crime and security instituted by the CARICOM heads of the joint crime-fighting mechanism is information-sharing, and this is implemented through our principal agencies that are tasked to work collaboratively at the regional and national levels in addressing our security interests. Indeed, we have seen the positive outcome of this collaborative approach in various areas of operations, whether it is in border security, where movement of individuals across our borders must be closely monitored, or whether it is spatial and aerial surveillance, as our officers work strategically to stem illicit trafficking in firearms, drugs, or humans in our waters, or to give humanitarian assistance in times of national disaster. The platform for information-sharing [is] provided for in the regional security architecture as an integral part of our plan of action and will continue to be pivotal to the success of the work of our military and our law-enforcement and intelligence officers as they work collaboratively within the region and with their colleagues of the United States Southern Command on this all-important area of national security. Diálogo: Is it necessary to develop stronger links between the Joint Interagency Task Force South (JIATF-S), in Key West, and the Caribbean? Prime Minister Douglas: Yes, absolutely. Developing stronger links between JIATF-S and Caribbean law enforcement and core staff authorities would benefit all involved, and so, seeing this, we must now explore the logistical and other details that would go into having a Caribbean on-site liaison at the Interagency Task Force to help anticipate, to help expedite facilities and initiatives on a range of matters, from transnational criminality to humanitarian disaster assistance. Diálogo: What can be done to improve a regional response for disaster relief? Prime Minister Douglas: There is an urgent need for a truly hemispheric disaster-response mechanism, both in terms of access to assets as well as in terms of an early-warning and response system, as Hurricane Ivan’s devastation to Grenada back in 2004 illustrated in such a stark, graphic, and tragic way. We now find ourselves in an era of increasingly deadly climate-change-triggered storms, and small vessels are simply incapable of handling the rapid-response humanitarian assistance that these crises call for. This region’s low-cost advantages compared to other regions and nations would permit off-the-shelf large vessels like trampers, outfitted with the best equipment and painted gray, to take the lead in both pressing humanitarian-assistance operations as well as drug-interdiction operations on our open seas, and all at a fraction of the cost elsewhere. Diálogo: What is the importance of the Caribbean Basin Security Initiative? Prime Minister Douglas: The Caribbean Basin Security Initiative provides that platform from which the United States and the Caribbean can collaboratively advance the national-security interests of our beloved region, and in that initiative, we committed ourselves to pursuing a coordinated approach in engaging development partners in implementing all important social-development and crime-prevention initiatives. By Dialogo February 22, 2012last_img read more

Only 70 flights of 79,000 prior to pandemic now operating in Indonesia: Sri Mulyani

first_imgThe COVID-19 pandemic has hit Indonesia’s aviation industry hard as domestic and international flight numbers have dropped significantly amid social restrictions and a slump in foreign tourist arrivals.Finance Minister Sri Mulyani Indrawati has said only 70 flights are still operating of a total of around 79,000 before the virus outbreak.“All the airlines are currently under immense pressure,” Sri Mulyani told House of Representatives Commission XI overseeing financial affairs in a virtual meeting on Monday. “The airline industry lost income of Rp 207 billion [US$13.65 million] between January and February alone.” She said 240,000 flights were canceled globally between Jan. 23 and Feb. 18, adding that 12,703 domestic and international flights in the country were canceled in the January-February period.The global airline industry is expected to lose up to $314 billion because of the pandemic, according to estimates by the International Air Transport Association (IATA), as people choose to stay at home.Read also: Explainer: What’s allowed and what’s not in Indonesia’s ‘mudik’ banStatistics Indonesia (BPS) data showed on Monday that domestic passenger traffic dropped 24 percent in March from the corresponding period last year.This was the fewest foreign tourist arrivals since February 2009 as the coronavirus pandemic led to a slump in travel demand in March.There were 470,900 foreign visitors in March, down 64.11 percent from the same month last year, with tourist numbers from both China and Hong Kong falling more than 96 percent.Foreign arrivals have continued to decline since January, with 1.27 million arrivals in that month, and only 864,000 tourist arrivals in February.Topics :last_img read more