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How Inequality Distorts Economics | Dissent Magazine
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The meat industry is doing exactly what Big Oil does to fight climate action
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Brood X cicadas could be a food frenzy for snakes, moles and more
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Newsom’s Double Whammy to California: Drought Declaration & Incentives Not to Work
Commentary
California Governor Gavin Newsom announced his so-called economic plan. In truth, it’s not an economic plan. Rather it’s a political recovery plan for him as he faces a Recall election this Fall. Meanwhile, his policies continue to hammer California’s job markets.
Despite having the most natural resources of any state, California continues to have one of the highest unemployment rates in the country. During the pandemic, California Governor Gavin Newsom ordered the strictest lockdown regulations in the country.
Predictably, California’s small businesses were hit hard and employers throughout the state had to shut down. Estimates have been that in excess of half the restaurants in the state would never reopen post-pandemic. Of course, that industry is dominated by workers making less than $40,000 a year the people who need the economy to rebound the most.
May 12, 2021
The following is a blog from Polina Ryshakov and our friends at Sundae:
There’s murmur in the real estate industry that an influx of foreclosure inventory is coming, but we disagree. Here’s why.
The last extension to COVID-19 housing relief options likeforeclosuremoratorium and forbearance plan terms were set to expire in March of 2021. But on Feb. 16, the Biden Administrationissued a statementthat:
Extended the foreclosure moratorium through June 30, 2021
Extended themortgageforbearance so borrowers may enroll until June 30, 2021
Provided up to two three-month extensions to borrowers who entered into a forbearance before June 30, 2020
These relief programs have provided essential support to struggling Americans throughout the pandemic. But what’s going to happen to the forbearance plans once they reach their expiration date this summer? It’s a widely contemplated topic. Some predict that the inventory of foreclosed homes will increaseas much as 1.1 millio