Category: Investment

Black Americans are twice as likely to die from COVID-19 in America. And the pandemic may also cost many of them their homes.

A recent report from the Urban Institute, which analyzed U.S. Census Bureau survey data, found that nearly one in four black and Latino renters didn’t pay or deferred their rent in May, compared with just 14% of white renters. And the problem may soon get worse: Nearly half of black and Latino rents expressed concern about being able to pay their rent in June.

People of color, compared with white Americans, are disproportionately more likely to hold a low-wage job or a job that cannot be performed remotely.

“Black and Latino people have been hardest hit by stay-at-home orders and other public-health measures put in place to slow the spread of COVID-19 because of a legacy of occupational segregation,” Urban Institute vice president of housing finance

Brittney Gwynn, a 32-year-old project manager, was growing weary of her boyfriend after weeks of lockdown in Brooklyn.

“Our love is unlimited,” she told the New York Times. “But in terms of the time we’re spending together, we’re getting on each other’s nerves.”

So Gwynn turned to Globe, a year-old app that offers daytime short-term rentals by the hour. Its main pitch — that people will pay for a quiet space to make calls, do work or just be alone — rings especially true now, as New Yorkers wrap up the 10th week of the state’s stay-at-home order.

Gwynn shelled out $100 for two hours in a a blissfully boyfriend-free apartment in a Downtown Brooklyn high-rise, where she held a work call for 45 minutes after wiping down all surfaces with an antibacterial wipe. She happily hung out solo for the remainder of her allotted time.

Globe was

Before the coronavirus pandemic, few American cities were creating jobs faster than Denver. Nor had many places aligned themselves so closely with sectors that have since been battered by shutdowns aimed at curbing the spread of the virus, such as tourism and energy.

Now the Mile High City may also hold answers about the post-coronavirus economic outlook: whether cities that outperformed during the longest expansion in U.S. history are better cushioned to navigate a recovery. In Denver’s case, some of the same factors that propelled it—such as a younger, more educated and wealthier population—may outweigh disadvantages of high exposure to crisis-hit sectors, according to local business owners and economists.

A few months back when the U.S. was enjoying joblessness at a half-century low, Denver area employment proved consistently healthier than the national average, according to the U.S. Labor Department. The city’s expanding population earned a median income of $63,793—6%