Study: Renters’ Rise Extends Beyond Cities to the Suburbs
New York — In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study. About 29 percent of metropolitan-area suburbanites were renters in 2014, up from 23 percent in 2006, according to a report released Tuesday by New York University’s Furman Center real estate think tank and the bank Capital One. The finances of home ownership since the...
Oil Glut Expected to Last a While
Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. It won’t be regional nemesis Iran, a resurgent Iraq or long-standing competitor Russia. The answer will be more prosaic: Even when overproduction ends, a stockpile surplus of more than 1 billion barrels built up since 2014 will remain, weighing on prices. Inventories will keep accumulating until the end of...
Regulators Approve APD, Dartmouth-Hitchcock ‘Affiliation’
Lebanon — Alice Peck Day Memorial Hospital and Dartmouth-Hitchcock, two health care organizations with long histories in the Upper Valley, have formalized a relationship that will give D-H, a teaching hospital with a regional footprint, the final say over key matters at its smaller neighbor. The new relationship, which the parties have labeled an “affiliation,” took effect Tuesday after the Charitable Trusts Unit and the Consumer...
Money Talk: Most People’s W-4s Are ‘Wrong’
Question: After being an unmarried couple for 15 years, we were married in February 2014. Though I sent this information to my company’s benefits department, I neglected to change my W-4 status from “single” to “married.” I’m crossing my fingers that when all is said and done, we have paid the correct taxes when we filed for 2014 (we filed jointly as married) regardless of what was withheld pursuant to the W-4. Or do I need to inform...
Outdoor Co-op REI Is Thriving, but Does It Have Members, or Shoppers?
Seattle — REI’s business acumen has taken it to lofty heights rarely seen by a retail cooperative. But as a record-low turnout in the latest annual election shows, REI’s original democratic fervor seems to have stayed at base camp. Members these days engage more via Twitter, Facebook or email. They behave more like customers than co-owners, underscoring how rapid growth has radically altered the relationship between members and a...
