Housing

Morning Must Reads: Got Gas?, Foreclosures Up, and Layoffs in the Business of News

In petrochemical news this morning, Royal Dutch Shell choose Monaca Pennsylvania for a new cracker plant, there is still no buyer for Sunoco's Philadelphia and Marcus Hook refineries, and more from Paul Krugman on the job hype surrounding natural resource booms.

Third and State This Week: adultBasic One Year Later, What Works in PA and Income Inequality

This week, we blogged about "What Works in Pennsylvania," the one-year anniversary of adultBasic's end, income inequality and cuts to higher education, and much more.

IN CASE YOU MISSED IT

  • On health care, Chris Lilienthal wrote about a year of struggle for the Pennsylvanians who lost their adultBasic health care coverage this time last year.
  • On the state budget, Sharon Ward sat down with Tony May of Triad Strategies to discuss the 2012-13 state budget and shared a video of the interview. Chris Lilienthal also shared a video from the Campaign for What Works illustrating a key message for lawmakers: "Pennsylvania works when our state budget supports what works."
  • In the Morning Must Reads this week, Mark Price blogged about how cuts to higher ed funding contribute to income inequality, transit cuts and job training, how high unemployment is straining the safety net, and a roundup on closing tax loopholes, preventative care and health reform.

More blog posts next week. Keep us bookmarked and join the conversation!

Morning Must Reads: High Unemployment Strains the Safety Net and Underwater Mortgages

The Pittsburgh Post-Gazette reports this morning on the continued strain that high unemployment is putting on the safety net in Pennsylvania.

Third and State This Week: Human Services Block Grant, Mortgage Help and Rising Student Loan Debt

This week, we blogged about a proposed state block grant and funding cut for county human services, the end of a mortgage assistance program in Pennsylvania, high student loan debt and more.

IN CASE YOU MISSED IT

  • On the state budget, Chris Lilienthal shared a table from the Pennsylvania Budget and Policy Center explaining the Governor's proposal to combine funding for a variety of county-level human services into a single block grant and cut it by 20%.
  • On housing, Mark Price wrote about how the state's decision to end the Homeowners Emergency Mortgage Assistance Program (HEMAP) could harm Pennsylvania's economic recovery.
  • And in the Morning Must Reads this week, Mark Price blogged about news stories on the student loan "debt bomb," the rise in homelessness in shale country, extended unemployment benefits and prevailing wage, and why delaying school construction is penny wise but pound foolish.

More blog posts next week. Keep us bookmarked and join the conversation!

Morning Must Reads: Recovery Act Turns 3 and the Student Loan Debt Bomb

Three years have passed since the passage of the American Recovery and Reinvestment Act. Michael Linden of the Center for American Progress explains the impact of the Recovery Act on the economy. 

 

On the state budget, WITF shares a link to help you estimate the impact of cuts to education spending in your area.

End of Mortgage Assistance Could Undermine Economic Recovery

Economic forecasters predicting strong economic growth in the next several years rest those hopes on a robust recovery in residential construction. In light of that, The Philadelphia Inquirer has some troubling news this morning in a story about a surge in foreclosure filings over the last 12 months.

The rise in foreclosure filings may be the result of lenders moving forward with long planned foreclosures rather than a worsening of economic conditions. More troubling is the rise in 90-day delinquencies, which could be the result of the end of Pennsylvania's Homeowners Emergency Mortgage Assistance Program (HEMAP). The permanent end to HEMAP also means rising costs for future taxpayers.

Morning Must Reads: Homelessness in Shale Country, Higher Education Cuts and the Federal Budget

NPR this morning broadcast a WPSU story about the rise in homelessness in Tioga County. The story provides a nice reminder that increased economic activity is often associated with rising demands on the social safety net.

In case you missed it on Monday, The Philadelphia Inquirer explored the impact of cuts in state funding for higher education.

Third and State This Week: State of the Union, Loopholes and Price of Service Cuts

This week, we blogged about the President's State of the Union address, new legislation to address corporate tax loopholes and a new series examining the price of cuts to state services in Pennsylvania.

IN CASE YOU MISSED IT

  • On the State of the Union, Mark Price offered a preview before the President's speech and a recap of his favorite parts the next day.
  • On state budget and tax policy, Chris Lilienthal wrote that legislation proposed by Representatives Dave Reed and Eugene DePasquale would take a first step towards closing corporate tax loopholes in Pennsylvania, but more needed to be done. Chris also highlighted the first and second installments of a new series from the Pennsylvania Budget and Policy Center featuring stories of Pennsylvanians impacted by five years of state service cuts.
  • And in other Morning Must Reads this week, Mark Price compared and contrasted executives and teachers, and highlighted a proposal to strengthen both the minimum wage and the earned income tax credit.

More blog posts next week. Keep us bookmarked and join the conversation!

Paying the Price of Service Cuts

The Pennsylvania Budget and Policy Center launched a new series today featuring stories of Pennsylvanians impacted by five years of state service cuts.

The first installment looks at the demise of the Homeowners’ Emergency Mortgage Assistance Program (HEMAP) after it was cut deeply in the 2011-12 budget and how it nearly cost a Western Pennsylvania woman her home. Check out the full story below and keep up with all the stories in the coming days and weeks at our Facebook page.

Third and State This Week: Mid-year Budget Update, a Tax Break for Jet Sales & Latest Economic News

Programming Note: Third and State will be taking some time off for the holidays. We'll be back on January 3, 2012. Have a wonderful holiday and a happy new year.

This week, we blogged about a special tax break being proposed for jet sales, the mid-year state budget update and the latest economic news.

IN CASE YOU MISSED IT

  • On the state budget, Sharon Ward got déjà vu when she heard Budget Secretary Charles Zogby warn in the mid-year budget briefing that more state service cuts are on the way in 2012.
  • On state taxes, Chris Lilienthal highlighted a Pennsylvania Budget and Policy Center analysis of a new special tax break for private jet sales that some lawmakers are advocating. He also shared a recent ABC 27 news report on a tongue-in-cheek "billionaire's press conference" in support of this new tax giveaway.
  • In the Morning Must Reads, Mark Price blogged about news stories on perfectly legal forms of wage theft, job layoffs and property tax hikes, new home sales data, and a planned increase in the Ohio minimum wage.

We will return on January 3, 2012. Have a wonderful holiday and a happy new year.

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