Chris Arnold

A pioneering investor who ran Yale University's endowment, David Swensen, died this week at the age of 67 after a years-long battle with cancer. Swensen revolutionized the way many colleges invest, infusing some schools and nonprofits with vastly more resources to pay for things like financial aid for students and research.

Swensen was widely regarded by other investors as one of the greatest in the world. Case in point: He grew Yale's endowment from $1 billion in 1985 to $31 billion last year.

The Texas state court system is signaling that it will no longer enforce a federal order aimed at stopping evictions during the coronavirus pandemic. That could clear the way for landlords to push ahead with tens of thousands of eviction cases that have been on hold.

The timing could be particularly painful for many families, coming after Congress has approved billions of dollars to help people pay the rent they owe to avoid eviction but before the vast majority of renters have been able to receive any of that money.

Getting evicted can hurt you in a bunch of different ways. You don't have to tell that to 57-year-old Gregory Curry in Dothan, Ala.

"I'll be honest with you, I was petrified by this situation," Curry says. "What I've had to go through over this last year."

Curry fell behind on rent after the furniture store where he was a salesman shut down due to COVID-19. His landlord filed an eviction case against him over the summer.

With many Americans behind on their rent during the pandemic, the Centers for Disease Control and Prevention is extending an order aimed at preventing evictions through June.

"The COVID-19 pandemic has presented a historic threat to the nation's public health," says CDC Director Dr. Rochelle Walensky. "Keeping people in their homes and out of crowded or congregate settings — like homeless shelters — by preventing evictions is a key step in helping to stop the spread of COVID-19."

The Centers for Disease Control and Prevention has taken a key step toward extending an order aimed at preventing evictions during the ongoing COVID-19 outbreak. The CDC order is currently set to expire in less than 2 weeks.

Housing advocates have warned for months that allowing this protection for renters to lapse would spark a tsunami of evictions, putting upward of 1 million people out of their homes.

Wells Fargo customers trying Wednesday to find out if their stimulus payments had arrived instead found their mobile app not working and online accounts not accessible. The bank said the outage is due to high volumes and won't affect the electronic deposit of the stimulus money.

"We apologize to our customers who may be experiencing issues with our online banking this morning," the bank said in a tweet. "This does not affect stimulus payments with a March 17 effective date which were credited to accounts today. Thanks for your patience. "

Nearly 10 million Americans are behind on their rent payments, according to the U.S. Census Bureau. And Stephanie Graves is seeing that play out first hand. She's a landlord in the Houston area and says tenants in most of her buildings are struggling.

"I have a small property in town," she says. "It's about 22 units and eight residents have not been able to pay over 6 months on and off." She says she might get a $100 partial payment on a $1,000 rent.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

ARI SHAPIRO, HOST:

Sheila Ambert lies awake at night wondering if her family is about to get tossed out on the street.

"As a mother, you feel like you failed your kids," Ambert says. "You don't want them having to go through that or even knowing about it, which they do."

Consumer watchdog groups are applauding President Biden's pick of Gary Gensler to run the Securities and Exchange Commission. They say that there is much to do to protect everyday Americans who invest their retirement or other savings in the market and that Gensler has proved he can get that done.

But progressives were a lot more skeptical about Gensler back in 2009 when he was first chosen to be a top financial regulator. That's because, in some ways, Gensler is the ultimate Wall Street insider.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

ARI SHAPIRO, HOST:

Eager to get out of the house and enjoy the outdoors, more people than ever are hitting the slopes on skis and snowboards.

"Oh, yeah. I mean, we sold probably a thousand more season passes this year than we ever had," says John DeVivo, the General Manager of Cannon Mountain in New Hampshire. "We were up about 20% in pass sales."

The Trump administration is trying to push through a last-minute rule that could force banks to offer loans to gun-makers and oil exploration companies or to finance high-cost payday lenders.

For months, the warning was clear from economists, housing advocates and public health experts: Without more help from Congress, millions of Americans could be evicted, in the dead of winter, in the middle of a raging pandemic.

"I can't construct a darker scenario," Moody's Analytics chief economist Mark Zandi told NPR in November. "It's absolutely critical that lawmakers step up."

Copyright 2020 NPR. To see more, visit https://www.npr.org.

Pages