Listed rents are up 15% nationwide, and as much as 30% in some cities. At the same time, inflation and rising interest rates are pricing many buyers out of the housing market — increasing the pressure to rent. NPR's Jennifer Ludden reports that competition is so intense, some people find themselves in bidding wars.
The red-hot rental market could mean that more people face the threat of eviction at a time when most pandemic-era protections have disappeared. Carl Gershenson, Project Director of the Eviction Lab at Princeton University, explains how being evicted makes it all the more harder to find a new place to live.
A much anticipated report on corruption is out in South Africa. The Zondo Report criticises the African National Congress for creating an environment that enabled corruption and wide scale looting under former President Jacob Zuma.
Also, an urgent appeal to the international comunity over the famine in Somalia.
The most valuable crypto stories for Thursday, June 23, 2022.
"The Hash" hosts discuss Voyager Digital cutting daily-user withdrawal limit to $10,000, Coinbase phasing out "Coinbase Pro," and Binance's new NFT partnership with Cristiano Ronaldo.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
A roadblock -- for a proposed federal gas tax holiday. The school police chief in Uvalde, Texas is placed on leave amid criticism of his response to last month's mass shooting. A tourist helicopter crashes in West Virginia, killing six people. Correspondent Steve Kathan has the CBS World News Roundup for Thursday, June 23, 2022:
In much of the world, things are improving for sexual minorities. The opposite is true in China, where authorities are cracking down on the LGBT community. Bangladesh is suffering its worst flooding in living memory, but with a surprisingly low death toll (so far). And which city topped the EIU’s annual Liveability Index. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
What to know about President Biden's latest idea to lower gas prices and why at least one Senator calls it "dead on arrival".
Also, a powerful earthquake is adding to crises in Afghanistan, and Microsoft details Russia's efforts to target the U.S. with cyberattacks.
Plus, why one NFL team owner might have to defend himself to Congress, Amazon's new technology is meant to sort of reconnect you with people you've lost, and a planetary show that hasn't happened yet in this lifetime is now on display.
Operation Warp Speed was an unprecedented fusion of government and private industry to create a vaccine against COVID-19. What normally would take four or five years to accomplish was done in less than one.
Paul Mango, then deputy chief of staff for the Department of Health and Human Services, was there to make sure everything happened according to plan. Under President Donald Trump, Mango was the liaison to Operation Warp Speed.
Two top House Republicans say they won’t support the Senate’s new legislation restricting gun ownership.
Federal Reserve Chair Jerome Powell admits that raising interest rates could trigger a recession, but says “it is essential that we bring inflation down.”
President Joe Biden calls on Congress to suspend the federal gas tax for three months.
On today’s episode, NLW looks at the state of bitcoin miners’ balance sheets. Specifically, he looks at increased selling of bitcoin over the past few months, and to what extent it has to do with additional debt and leverage taken on during the bull market.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Koron/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
European Union leaders will meet Thursday in Brussels where they are expected to approve Ukraine as a candidate to join the EU — a process that is neither quick nor easy.