National / International News

Reduced To Her Knees, Marathoner Finishes Race In A Crawl

NPR News - Tue, 2015-02-17 10:21

Kenyan runner Hyvon Ngetich didn't win the Austin Marathon, despite leading for most of the race. Now she's being celebrated for the way she crossed the finish line.

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Chelsea park the bus badly at PSG

BBC - Tue, 2015-02-17 10:15
Chelsea, accused of parking the bus in the past, find difficulty doing so when they arrive at Paris St-Germain.

Landlords have the upper hand in many rental markets

Marketplace - American Public Media - Tue, 2015-02-17 10:11

The vacancy rate for apartment rentals is at an historic low nationally, while demand is high. That puts landlords in a strong position.

Renters ... not so much.

“We're just sitting ducks in the rental market,” says Charlie Blasky, a 28 year-old renter in Minneapolis.

Blasky says his landlord gave notice in January that his rent would go up this spring if he and his wife renewed their lease on their one-bedroom apartment. Blasky says the cheapest option, a 12-month lease, would push the rent from $795 a month to $875, a 10 percent increase. That didn’t appeal to Blasky, who found the landlord to be inattentive to complaints about problems like noisy neighbors.

“Sure I could try to haggle,” says Blasky. “But when everyone's trying to rent, what's to stop the landlord from saying, 'Yeah right. I've got someone who will pay that and won’t argue about it.'"

“Clearly, the pendulum has swung in the favor of landlords,” says Ryan Severino, senior economist with the real estate research firm Reis.

Severino says there's a squeeze on apartments in many metro areas around the country, in big coastal cities and as well as metros like Minneapolis, Detroit, Knoxville and Omaha, to name but a few. Low vacancy rates in those cities are pulling the national average down to about 4 percent, by Severino's measure, a level last seen — and only briefly — during the dot-com boom-and-bust days.

Severino says the reasons for the dynamic are clear: More people are renting these days. Despite low interest rates, mortgages are harder to get post-housing crisis. Meanwhile, the supply of rentals is low. That’s partly because apartment construction stalled during the economic downturn.

“It's like economics 101. You have growing demand, and you have more or less static supply,” he says.

Severino says that makes it a great environment for landlords to raise rents.

“Landlords are rational, self-interested actors like anyone else,” he says.

Jeff Arnold understands that. He manages a building in St. Paul, Minnesota. with 57 studio apartments. Like landlords in many cities, Arnold has been raising rents, and he's become a lot choosier about his tenants.

“Ten years ago, back when we were offering a free month’s rent as an incentive, I'd sometimes be a little more willing to overlook if they had a small collection item or something like that,” Arnold says. “Now I'll look at that and say, 'You know, I think I can probably find someone better.'”

His father, Bob Arnold, the owner of the building, says tenants with bad credit should work hard not to “mess up” once they land a place.

“Because then you can establish a track record. When you come up against a choosy manager, you made some mistakes but now you're better,” he says.

Bob and Jeff Arnold both say when vacancy rates were higher, tenants could get away more easily with making late rent payments so long as they came up with some money. Today, Jeff Arnold says he wants to be compassionate if someone loses a job and pays rent late — but only up to a point.

“I might work with them for a month,” he says. “But if they can't clean up their act and get me something within that time, in this kind of market, hey I’m going to find someone new.”

A Minnesota tenants' rights group, HOME Line, tries to help renters understand that reality. Mike Vraa, the managing attorney, gives renters legal advice if landlords boot them out unjustly. Vraa also helps renters understand when they don't have grounds to object.

“After two, three, four years they think the place is theirs forever as long as they don't mess up. But it's just not the case. It's a temporary, renewable, or nonrenewable agreement,” he says. “We give people bad news about that all the time. It's not just renewable just at your whim. The landlord is involved, too.”

That’s one reason Charlie Blasky wants to stop renting and eventually own. But first he has to save some money, which is hard to do as a renter. He’s leaving the apartment where rent’s going up. But his new apartment isn’t any cheaper. He just thinks it’s a better value.  

“Rent is going up everywhere. It’s harder to put that money way for a down payment on a house,” he says.

One bit of hope for renters, apartment construction is picking up nationally. That should increase supply and thereby loosen up rental markets.

Tanzania albino boy kidnapped

BBC - Tue, 2015-02-17 10:06
Police fear that a toddler kidnapped from his home in Tanzania will be killed and sold to witchdoctors, who use albino body parts for rituals.

Major river rescue is under way

BBC - Tue, 2015-02-17 10:03
A major river rescue is launched in Carmarthen with a large number of police, firefighters and a coastguard rescue team in attendance.

Fury's father keen for guiding role

BBC - Tue, 2015-02-17 10:02
Tyson Fury's father believes he can help his son improve by returning to train him after his release from prison.

As He Returns From Season-Long Suspension, Alex Rodriguez Says 'Sorry'

NPR News - Tue, 2015-02-17 09:59

The legendary slugger was suspended for doping and denied that he did anything wrong for a long time. Now, in a hand-written letter, he's tells fans he takes "full responsibility" for his mistakes.

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Many Parents Aren't Sold On Later School Start Times For Teens

NPR News - Tue, 2015-02-17 09:59

Just half of parents say schools should start later so teenagers can get more sleep, a survey found. But most of the parents also weren't aware that pediatricians have called for a start of 8:30 am.

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You too can have a Nobel Prize

Marketplace - American Public Media - Tue, 2015-02-17 09:56

We're well past Nobel Prize season, but there's Nobel news to pass along.

If you've got a spare $150,000 lying around, you too can have a Nobel of your very own. Well, you can have the prize that Simon Kuznets won in 1971 for  his "empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development."

Or in laymans terms, growth and inequality, which is the economic thing that's going on right now ... 45 years later.

Kuznets's son consigned the medal to an auction house out here in California; you've got eight days left to find that $150,000.

Myanmar gives army power amid unrest

BBC - Tue, 2015-02-17 09:49
A state of emergency is declared in the Kokang region of Myanmar, following intense fighting between ethnic-minority rebels and the army.

Texas ruling makes immigrants' future uncertain

Marketplace - American Public Media - Tue, 2015-02-17 09:47

A federal judge in Texas temporarily blocked President Obama’s executive order on immigration on Tuesday. The order would have granted a temporary reprieve from deportation to around 4 million people currently in the U.S. illegally.

Going from illegal to legal status gives undocumented workers an average 8 percent increase in wages, and would add some $210 billion to the nation's GDP over 10 years, according to the White House Council of Economic Advisers (pdf). Pro-immigration advocates say the more people who sign up for the program, the greater the economic boost will be. Opponents say the supposed economic benefits are overstated.

The judge’s ruling might yet be overturned, but critics of the ruling say it may already have altered the economics of immigration reform. They fear that some people who might qualify for the reform will now be reluctant to come forward and sign up.  

West Coast ports resume loading and unloading

Marketplace - American Public Media - Tue, 2015-02-17 09:42

After a weekend shutdown, ports on the West Coast were back in business on Tuesday.

The White House dispatched U.S. Labor Secretary Tom Perez to San Francisco to try to broker a deal between  dockworkers and shipping companies. They've been locked in a contract dispute that for months has slowed the flow of cargo and caused ripples throughout the global economy.

But, even when a deal is reached, port officials say it could take weeks to clear the backlog.

Balls challenges Osborne over HSBC

BBC - Tue, 2015-02-17 09:10
Shadow chancellor Ed Balls steps up pressure on George Osborne in a letter over the revelations about HSBC.

Boston mayor scolds snow jumpers

BBC - Tue, 2015-02-17 09:08
The city mayor urges pranksters to stop jumping from windows into deep piles of snow, after some people filmed themselves doing it.

Tesco names Dixons exec as chair

BBC - Tue, 2015-02-17 08:53
Tesco names John Allan, deputy chair of Dixons Carphone, as its new chairman after a four month search.

Estate bomb was 'designed to kill'

BBC - Tue, 2015-02-17 08:48
A bomb found during a security alert in Londonderry was "designed to kill", say police.

No player plans to dive - Sinclair

BBC - Tue, 2015-02-17 08:33
As Wayne Rooney faces accusations of diving, former winger Trevor Sinclair and ex-striker Gordon Watson debate the issue.

Brentford confirm Warburton to leave

BBC - Tue, 2015-02-17 08:28
Brentford confirm boss Mark Warburton, assistant David Weir and sporting director Frank McParland will leave in May.

Home Office wins e-Borders appeal

BBC - Tue, 2015-02-17 08:06
The Home Office wins its appeal against an order to pay £224m to a US defence firm over the cancellation of a secure borders contract.

Save BBC Three petition delivered

BBC - Tue, 2015-02-17 08:03
Campaigners against proposals to turn digital station BBC Three into an online-only channel deliver a petition to the BBC Trust.

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