It’s hard to recall a Washington idea that has rocketed to prominence as quickly as the “Green New Deal,“ rookie Democratic Congresswoman Alexandria Ocasio-Cortez’s radical proposal to decarbonize the American economy. House Democratic leaders have created a new select committee on climate change to pursue a Green New Deal. Democratic candidates for president are racing to endorse a Green New Deal. The details are still up in the air, but a massive climate investment is suddenly emerging as tentpole of Democratic politics. Although the idea sounds as radical and new as Ocasio-Cortez herself, it’s been done once before, and just a decade ago: President Barack Obama signed a prototype Green New Deal into law in February 2009, pouring an unprecedented $90 billion into clean electricity, renewable fuels, advanced batteries, energy efficiency, a smarter grid and a slew of other green initiatives.Story Continued Below If you haven’t heard of … [Read more...] about The Trouble With the ‘Green New Deal’
Homeowner loans for poor credit
Stan Choe, Ap Business Writer Updated 8:34 am PST, Friday, December 14, 2018 FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. less FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, ... more Photo: Mark Lennihan, AP Photo: Mark Lennihan, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall … [Read more...] about The debt threat: Business debt, and worries about it, are up
Fiona Kelliher Detroit Free Press Published 2:38 PM EST Nov 21, 2018 Thanks to a newly approved ordinance, it may be easier for low-income Detroit residents to apply for poverty tax exemption — and avoid foreclosure — starting next year. But before that kicks in, take note: There's still time to apply for an exemption on 2018 taxes before the Dec. 10 deadline. In July, the American Civil Liberties Union and Detroit settled a lawsuit that claimed the city's poverty exemption program was tough to apply for and wasn't well-publicized. Detroit will have to "streamline" its application process and provide more notice to low-income residents. The new ordinance solidifies those requirements into law and expands upon them. Here's what you need to know about applying before Dec. 10 and beyond: What is a poverty tax exemption? Homeowners pay property taxes. But some low-income homeowners may struggle to pay their property taxes, leading to foreclosure. … [Read more...] about Low-income in Detroit? How to pay lower property taxes
Allie Gross Detroit Free Press Published 6:00 AM EST Nov 20, 2018 Shalandra Jones-Scott hadn’t planned on addressing the room. But then she heard the stories. While individual details differed, the narrative arc remained the same: anxiety — a true belief that homelessness was just around the corner — followed by an incomprehensible, almost abstract, rush of relief. And, in many cases, disbelief. Jones-Scott — and the 60 or so other Detroiters in the room — lost their homes to tax foreclosure this year. According to all the major literature on the matter, the likelihood of them keeping their houses once they went up for sale in the annual Wayne County Tax Auction was minuscule. While the auction was always a gamble, increased interest in recent years had caused a general uptick in final sale prices. This fall, for example, United Community Housing Coalition, a local nonprofit that helps people navigate tax foreclosure and ideally … [Read more...] about Foreclosure buyback plan saves Detroiters from homelessness
NEW YORK — At some point, you'll buy your last car and refinance your last mortgage. Surely, you're thinking, now I can stop worrying about my credit score. Well, not really, although there are situations when credit scores shouldn't be anyone's main concern.Let's start with some reasons why credit scores still matter, even when you don't plan to borrow money.Lenders aren't the only ones checking your credit. Most insurers use credit-based insurance scores, which use information from credit reports, to help set premiums for auto, homeowner and renter policies. A drop from excellent to poor credit can more than triple a homeowner's premiums in some states. Credit can have a bigger impact on auto insurance premiums than any other factor, including your driving record, according to an investigation by Consumer Reports.That's not all. Cellphone companies often reserve their best deals for people with the best credit. And many employers check credit … [Read more...] about Do we ever get old enough to stop worrying about our credit scores?