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While politicians debate unemployment benefits, those who rent housing are hoping a deal is worked out soon. Experts say, so far, the COVID-19 pandemic hasn't impacted the housing industry, but that could soon change.Property managers are concerned the housing industry could see a repeat of the Great Recession from 2008.Michael Cohen is the owner of Asset Realty Management in Tennessee, which manages close to 900 properties. He says when the pandemic first hit in March, they started to see a major decline in vacancies and payments coming in. But when unemployment benefits started to kick in, things returned to normal.Cohen is worried now that enhanced unemployment benefits for millions of Americans have ended."Some people are still trying to dig their way out of that hole where they couldn’t pay for March and now we’re three months later and they’ve made major attempts to get caught up and here we go again. Definitely, I'm concerned about it," says Cohen.Jack Strauss is the Miller Chair of Applied Economics at the University of Denver. He says to prevent another housing crisis, eviction moratoriums need to continue along with additional unemployment benefits.“We care about evictions, not just for the family which is a personal tragedy in moving, but it could destroy the neighborhoods,” Strauss said. “You can be evicted from your house, these rental properties will remain unrented for long periods of time."Strauss says there are only about 5 million job openings across the country right now and 18 million people are unemployed."We already have a health problem. We don't want another severe economic problem in terms of evictions, in terms of unemployment people going hungry and homeless," says Strauss."I just keep waiting for this tsunami of lack of rent payments and people not being able to vacate and not being able to fill our vacancies and them staying vacant. Then once we get into the holidays, then things slow down even more," says Cohen.Strauss believes Congress will eventually come to an agreement and reissue some form of enhanced unemployment benefits to people. He hopes this next coronavirus stimulus bill really focuses on those who are suffering, including people of color, who Strauss says rent properties significantly more and are more than twice as likely to face evictions."This will even further hurt the Black family unit and Lanoti family unit, as well, if we don't have a moratorium. We need to help people of color because they're more likely to be hurt by a lapse in federal aid," says Strauss. 2559

Whether you hate tootsie rolls or licorice, the truth is we've all received Halloween candy we don't like. But this year, Reese's is coming to the rescue with their very own candy exchange machine."Reese's Halloween Candy Converter Machine" was first released to the public on Sunday, October 28, during a Halloween parade in Tarrytown, New York.The machine allows people to trade in the candy they don't want for Reese's Peanut Butter Cups.But why is Reese's helping us with our candy struggles this year?Well, according to a recent survey commissioned by Reese's, 90% of Americans say that they have traded, or wish they could have traded, their unwanted candy on Halloween, Anna Lingeris, a spokeswoman for Reese's distributor Hershey, told CNN. 756

William Nordhaus and Paul Romer were awarded the 2018 Nobel Prize in economics on Monday for their work on climate change and innovation.Story is developing... 172

WILMINGTON, Del. – Joe Biden said in a speech Wednesday that his campaign believes it’s clear that they’re on track to win enough states to reach the 270 electoral votes needed to win the presidency.“I’m not here to declare that we’ve won, but I am here to report that when the count is finished, we believe we'll be the winners,” said the former vice president from Wilmington, Delaware.Watch his speech below:Biden’s remarks came around the same time that The Associated Press projected he would win Wisconsin, bringing him to 248 electoral votes as of about 4 p.m. ET. At that same time, President Donald Trump had racked up 214.“Of all the votes counted, we have won Wisconsin by 20,000 votes, virtually the same margin as when Trump won that state four years ago,” said Biden.Biden is also leading in Michigan and Nevada, but by slim margins. If he were to claim those two states as well, he would reach the crucial 270-vote threshold.“In Michigan, we lead by over 35,000 votes and it’s growing,” said Biden. “It’s a substantially bigger margin than when President Trump won Michigan in 2016.”As for Pennsylvania, The Associated Press still had Trump leading, but Biden had made steady advances throughout Wednesday.“I feel very good about Pennsylvania. Virtually all the remaining ballots to be counted were cast by mail and we’ve been winning 78% of the votes by mail in Pennsylvania,” said Biden.The Democratic candidate said it’s been a long and difficult campaign, but admitted it’s been a more difficult time for our country. He said once the election is over, he hopes to bring Americans together, despite the partisan nature of the country.“I know this won’t be easy. I’m not na?ve, neither of us are,” said Biden referring to him and his running mate, Sen. Kamala Harris. “I know how deep and hard the opposing views are in our country on so many things, but I also know this as well. To make progress, we have to stop treating out opponents as enemies. We are not enemies.”He said what brings us together as Americans stronger than anything that can tear us apart and promised to be a president to the whole country, not just those who voted for him.“The presidency itself is not a partisan institution,” he said. “It’s the one office in this nation that represents everyone, and it demands a duty of care for all Americans and that is precisely what I will do. I will work as for those who didn’t vote for me as I will for those did vote for me.”Biden stressed that every vote must be counted to determine the winner of the election. His comments were likely in reaction to the Trump campaign's lawsuits that are asking for vote counts in Pennsylvania and Michigan to be stopped, claiming lack of “transparency.” The president's campaign is also requesting a recount in Wisconsin, where Biden was narrowly declared the winner.“No one is going to take our democracy away from us, not now, not ever,” he said. “America has come too far. America has fought too many battles. America has endured too much to ever let that happen. We the people will not be silenced. We the people will not be bullied. We the people will not surrender.”Biden ended by saying that he’s confident he will emerge victorious, but it won’t just be his win.“It will be a victory for the American people, for our democracy, for America. And there will be no blue states and red states when we win, just the United States of America.” 3429

WEST PALM BEACH, Fla. — The hurricane season continues to be active with the formation of a new tropical storm and a depression in the last 12 hours.Tropical depression 17 formed Sunday night in the Atlantic and became Tropical Storm Paulette just before 11 a.m. Monday.The storm has 40 mph winds with higher gusts and is moving west, northwest at 3 mph.Paulette is the earliest forming 16th named storm on record, breaking an old record set by Philippe on September 17, 2005, according to hurricane expert Philip Klotzbach.A slow-motion toward the northwest or north-northwest is expected tonight. Paulette is then forecast to move a little faster and generally westward on Tuesday and Wednesday.Early indications are it may curve before it reaches the Bahamas, but we will keep an eye on it just in case. It may interact with tropical depression 18, located behind it, which also formed Monday morning.Paulette's path and/or intensity might change because of its proximity to tropical depression 18. 1009