Using Uber in New York Is Cheaper Than Taking The Subway This Summer

Uber has a special deal for Manhattanites this summer:

Unlimited UberPool rides during commuting hours, at rates cheaper than the New York City subway.

The company announced that it’s offering an UberPool “commute card” to members of Gilt City, a flash sales site, for the months of July  and August 2016.

The pass is good for rides on Pool, Uber’s pseudo-carpooling service, anywhere in Manhattan below 125th Street during weekday commuting hours (7-10am and 5-8pm, Monday through Friday).

Uber is selling a two-week pass for $49, a four-week pass for $79, and an eight-week pass for $159. Joining Gilt City is free.Translation: This is cheap. Really, absurdly cheap.

Source: Commuting with Uber in New York is cheaper than taking the subway this summer ‹ Reader — WordPress.com

In New Jersey Death Doesn’t Let Parents Off The Hook For Their Child’s Student Loans

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Amid a haze of grief after her son’s unsolved murder last year, Marcia DeOliveira-Longinetti faced an endless list of tasks — helping the police gain access to Kevin’s phone and email; canceling his subscriptions, credit cards and bank accounts; and arranging his burial in New Jersey.

And then there were the college loans.

When Ms. DeOliveira-Longinetti called about his federal loans, an administrator offered condolences and assured her the balance would be written off.

But she got a far different response from a New Jersey state agency that had also lent her son money.

Source: In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve – The New York Times

The Rent is Too Damned High- The Hourly Wage Needed to Rent a 2-Bedroom Apartment in 2016

In 2015, the demand for rental apartments reached its highest level ever since the 1960s.

The pinched access to mortgage credit after the Great Recession is one reason why. Another is that many Americans—especially the poor and people of color—haven’t felt the effects of the economic recovery, and may not be able to rustle up the funds for a down payment. A third reason is that Millennials, now the largest generation ever since the baby boomers, are especially loath to buy homes.

The supply of rentals, especially at the lower end of the market, has been no match for the skyrocketing demand.That means it’s getting harder and harder for average Americans to afford a modest rental in the U.S., a new report by the National Low Income Housing Coalition finds.

“The lowest-income renters without housing assistance have always struggled to afford housing, but in recent years they have become even more squeezed as more households enter the rental market,” Andrew Aurand, the vice president of research at NLIHC, tells CityLab.

Get the meat and potatoes of high ass rent @: The Hourly Wage Needed to Rent a 2-Bedroom Apartment in 2016, Mapped – CityLab

The Secrets of Billions — Life Learning

Wall Street is crooked.

This is not really a surprise to anyone. I lived on the street. And I worked on the street.

Wall Street starts at broadway and continues down to Water Street. Along the way, it gets crooked.Right around Broad Street it starts to curve. If you are standing at one end of Wall Street and try to look at the other end, you won’t see it.

It’s crooked. It jags.

It turns a little.

People walk back and forth daydreaming about getting rich. Others are crying because they couldn’t make it. And if you can’t make it there, as the song sort of goes, you can’t make it anywhere.Which is really true.

Because “there” is where the money is. And people get desperate around money. So desperate they will do anything to get it.

At one point I invested in a dozen hedge funds. Eleven of them ended up being caught doing illegal activity. I think a few people are in jail.

Every night I was scared because I started to see what was going on until eventually I shut the whole thing down.

Sounds good doesn’t it? Get ya popcorn and go here—>The Secrets of Billions — Life Learning — Medium

It is good!

Why Small Debts Matter So Much To Black Lives

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by Paul Kiel via ProPublica’s Creative Commons’ Provisions

If you are black, you’re far more likely to see your electricity cut, more likely to be sued over a debt, and more likely to land in jail because of a parking ticket.

Continue reading “Why Small Debts Matter So Much To Black Lives”