Democrat Warren vows to protect renter households as U.S. president
By Joseph Ax (Reuters) - Democratic presidential hopeful Elizabeth Warren on Monday vowed to protect the country's 43 million renter households, releasing a plan that would help tenants fight eviction, afford their homes and retain lawyers in housing courts. The policy proposal from Warren, a U.S. senator from Massachusetts, builds upon legislation she introduced in the U.S.
By Joseph Ax
(Reuters) - Democratic presidential hopeful Elizabeth Warren on Monday vowed to protect the country's 43 million renter households, releasing a plan that would help tenants fight eviction, afford their homes and retain lawyers in housing courts.
The policy proposal from Warren, a U.S. senator from Massachusetts, builds upon legislation she introduced in the U.S. Senate last year that would invest $500 billion over a decade for low-income housing units.
Warren, whose campaign has become known for its lengthy white papers on everything from housing to healthcare to climate change, is near the top of the Democratic field, according to public polling. There are 18 Democrats vying for their party's nomination to take on President Donald Trump in the November 2020 election.
"Washington has failed America's renters," Warren wrote in a post on the website Medium announcing her latest plan.
Warren said she would fight for a national right to counsel for low-income renters, noting that 90 percent of tenants in eviction cases had no lawyer, while 90 percent of landlords did. She also promised to create a federal eviction standard requiring landlords to show good cause before initiating proceedings.
Warren said she would establish a new "tenant protection bureau" within the U.S. Department of Housing and Urban Development modeled after the Consumer Financial Protection Bureau, which began as her brainchild after the 2008 financial crash. The new agency would enforce tenants' rights and go after bad landlords.
The plan also calls on local governments to decriminalize homelessness and promises to withhold federal grant money to police departments that arrest people for living on the streets.
Warren said she would specifically target several predatory practices that disproportionately affect tenants of color, including payday lenders, exploitative high-interest loans and housing discrimination.
A longtime critic of Wall Street, Warren also blamed large private equity firms for buying up distressed properties following the financial crisis and then aggressively pursuing evictions.
"We can't keep letting these firms loot the economy to pad their own pockets while working families suffer," she wrote.
(Reporting by Joseph Ax; Editing by Steve Orlofsky)
This story has not been edited by Firstpost staff and is generated by auto-feed.
U.S. home sales fall as tight supply boosts prices | Reuters
France, Germany to agree to NATO role against Islamic State - sources | Reuters
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
China's Xi says navy should become world class | Reuters
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.