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

Report finds Queensland’s newest coal plants are among least reliable in Australia

first_imgReport finds Queensland’s newest coal plants are among least reliable in Australia FacebookTwitterLinkedInEmailPrint分享Renew Economy:Queensland’s newest and most ‘modern’ coal-fired generators have ranked amongst some of Australia’s least reliable, in a new assessment that raises yet more questions around the judgement of the Morrison government, which is pushing for a new coal plant in Queensland’s north.The Australia Institute says in a new report that there were 93 unplanned outages across Queensland gas and coal generators across 2018 and 2019, which accounted for more than 40 per cent of all unplanned outages across the entire National Electricity Market.The report, the latest in a series of assessments that track outages at Australia’s thermal generators, found that Queensland’s worst performer in terms of reliability was the modern ‘high efficiency, low emission’ (HELE) plant at Kogan Creek, with 13 unplanned outages over the period at its single generating unit, which is the largest unit in the country.The ageing Gladstone and Stanwell power stations recorded higher overall outages during the two year period; the Gladstone power station recorded 19 unplanned outages across its six generator units, and Stanwell recorded 18 outages across its four generator units.Three additional ‘supercritical’ black coal generators that were all built within the last 20 years – the 850MW Millmeran power station which was completed in 2002, the 810MW Callide power station built in 2001 and the 443MW Tarong North power station, which was commissioned in 2003 – rounded out the top ten in terms of Queensland’s least reliable thermal generators, recording 17 outages between them. The report found that while Queensland is host to around one-third of the National Electricity Market’s fossil-fueled generation capacity, it suffered 41 per cent of all outages.“It comes as no surprise that Queensland’s newest coal power stations are also its more unreliable, the Australia Institute’s climate and energy program director Richie Merzian said. “These new so-called ‘high-efficiency, low-emissions’ coal power stations in Queensland are all hype and spin. Our research shows that in reality, they ought to be dubbed ‘high emissions, low reliability’ stations for their high pollution levels and high breakdown numbers.”[Michael Mazengarb]More: Newest coal generators rank amongst Australia’s worst for reliabilitylast_img read more

Josh Rosen thanks Cardinals in classy farewell video

first_imgMORE: First-round grades for the NFL DraftAfter negotiations that were rumored for months, Rosen was eventually dealt to the Dolphins on Friday for a second-round pick and a fifth-round selection in 2020. Rosen even ended the minute-long video on a lighter note, telling Murray: “An awesome two-bedroom in Old Town (Scottsdale) just came on to the market, so let me know if you are interested and I think I can get you a pretty good deal.” Josh Rosen ended his short-lived Cardinals tenure with a classy gesture on Saturday.The new Miami Dolphins quarterback took to Twitter on Saturday to post a video thanking the Cardinals for the opportunity and expressing his excitement to be playing in South Florida.  Thank you @AZCardinalsHello @MiamiDolphins pic.twitter.com/yNb81On0dD— Josh Rosen (@josh3rosen) April 27, 2019″Hey everyone, just wanted to say a couple of things after everything that just happened,” Rosen said. “Cardinals fans, thank you so much for all of the continued support this past year. I know we didn’t win as many games as we all would have hoped, but I had an unbelievable time in the desert.”Rosen has had a tumultous last couple of days after the Cardinals selected Kyler Murray, No. 1 overall in the NFL Draft on Thursday, effectively signaling that they were moving on from Rosen. That was followed by NFL analyst Steve Smith going on a viral rant against Rosen for his work ethic after the quarterback had unfollowed the Cardinals on multiple social media platforms.last_img read more