Interview. Qwest good morning. I am erik schatzker. Qwest i am stephanie ruhle. A lot of news this morning. There is also breaking news in the housing market. Economistsless than expected. The negative news turns out to be a positive area lets bring in Michael Mckee in the headlines. Class i am not sure this is as positive as the spin could be. Youre right that the forecast is for one percent and home sales fell by two senate 2 10 of one percent. This is margin were supposed to see housing pickup. This is not necessarily great news. Homes unchanged. You coulds good news, say it is the supply coming online. Ordinarily, that would not be great news. Is suppliesseeing shortages. It is better we have homes for sale. Ok. I want you to stick around and bring in a special guest. How concerned are you that people are not feeling very good about this in the start of spring. They do not like these numbers. As i do not know if this is good news were not. Forecast. 6 million we came in at 4. 59 so
[applause] it is a great to be here i will add my thanks to tyler and a new america and also for your leadership and help with the projects to have your leadership this evening. So one of the things that has been said by the most important financial personalities of the day is it cannot be predicted 2007 2008 could not be predicted with they had won in the future it could not be predicted some folks refer to these as the black swan type of the event. We believe financial crisis could be predicted since we had that information to predict them we could prevent them to focus on private dash at debt rather than public debt. And i start by giving a sense how big a Factor Private debt is in the economy verses government kept debt what is the growth in these categories between 1997 and 2007 which is the decade leading to the crisis. As you can see private debt grew 14. 4 trillion in the ten year period. That absolutely dwarfs the growth of Government Debt and a 3 trillion growth of money supp
These homes tend to be located in communities with more families of color than the national average. They tend to be located in neighborhoods with more working people and single mothers than average. These private equity firms have the advantage of being able to purchase these homes with cash, therefore they easily outcompete individual buyers who may require loans. This all has the troubling effect of displacing residents of color and leading to gentrification of these communities. Private equity firms have demonstrated themselves to be very poor landlords. Evidence shows these companies implement increases in rent on these homes. Evidence indicates they evict tenants at a higher rate and account for a higher percentage of evictions. Statistics show that evictions by corporate landlords proceeded throughout the covid 19 pandemic. This was despite federal, state and local protections against such evictions. And these evictions are disproportionately of renters of color. This is shamefu
These homes tend to be located in communities with more families of color than the national average. They tend to be located in neighborhoods with more working people and single mothers than average. These private equity firms have the advantage of being able to purchase these homes with cash, therefore they easily outcompete individual buyers who may require loans. This all has the troubling effect of displacing residents of color and leading to gentrification of these communities. Private equity firms have demonstrated themselves to be very poor landlords. Evidence shows these companies implement increases in rent on these homes. Evidence indicates they evict tenants at a higher rate and account for a higher percentage of evictions. Statistics show that evictions by corporate landlords proceeded throughout the covid 19 pandemic. This was despite federal, state and local protections against such evictions. And these evictions are disproportionately of renters of color. This is shamefu
Wikileaks. Lets get right to daniel lee in with the story. Bradley manning announced a on identity this morning he today show. I am chelsea manning. I am a female. The army private was sentenced to 35 years in prison yesterday for leaking thousands of documents to wikileaks. Gender identity played a role in the trial. The defense showed pictures of manning in a blonde wig and lipstick and suggested being a gayprivate was a Factor Private was a factor. Decided to pursue hormone therapy as soon as possible, something the army does not provide. I am hoping Fort Leavenworth will do the right thing and provide that. If Fort Leavenworth does not, i will do everything in my power to force them to do so. The soldier now begins a very public fight to be accepted as a female. Here, a family is remembering their daughter, murdered over a 10 debt. She was shot Tuesday Morning. Two other women inside the home were also shot, one of them critically. A 25yearold is charged in the shooting and remains