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CBS (April 19)

2012/ 04/ 21 by jd in Global News

First New York banned cigarettes in workplaces, then parks and beaches. Now, Mayor Michael Bloomberg wants to make it easier for residents to find smoke-free housing. His proposal would require that potential renters and apartment buyers be informed of a building’s smoking policy. The Mayor explained his reasoning. “Because of air circulation in buildings, if you smoke in one apartment, other people in the building do get some of that smoke.”

First New York banned cigarettes in workplaces, then parks and beaches. Now, Mayor Michael Bloomberg wants to make it easier for residents to find smoke-free housing. His proposal would require that potential renters and apartment buyers be informed of a building’s smoking policy. The Mayor explained his reasoning. “Because of air circulation in buildings, if you smoke in one apartment, other people in the building do get some of that smoke.”

 

Bloomberg (September 23)

2011/ 09/ 25 by jd in Global News

Even though the Federal Reserve has kept interest rates low in an attempt to reduce strain on the housing market, the number of households speding an excessive amount on mortage payements has continued to rise. This “persistent stress in housing” illustrates “one of the main problems with the Fed’s attempts at monetary stimulus: Many borrowers simply can’t take advantage of lower mortgage rates, because their income has fallen, they owe more than their homes are worth, or they shouldn’t have qualified for a mortgage in the first place.”Even though the Federal Reserve has kept interest rates low in an attempt to reduce strain on the housing market, the number of households speding an excessive amount on mortage payements has continued to rise. This “persistent stress in housing” illustrates “one of the main problems with the Fed’s attempts at monetary stimulus: Many borrowers simply can’t take advantage of lower mortgage rates, because their income has fallen, they owe more than their homes are worth, or they shouldn’t have qualified for a mortgage in the first place.”

 

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