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Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
Megan Hustings
202-462-4822
mhustings@nationalhomeless.org
A partnership of national
homeless organizations, including the National Coalition for the Homeless, the
National Health Care for the Homeless Council, the National Alliance to End
Homelessness, the National Association for the Education of Homeless Children
and Youth, National Law Center on Homelessness and Poverty, the National Low
Income Housing Coalition, and the National Policy and Advocacy Council on
Homelessness; have release a joint report on the impact of the foreclosure and
economic crises and the unprecedented growth in the number of individuals and
families left without a home in the United States.
In a national survey of homeless
service and advocacy agencies conducted by the these groups, 79 percent of
respondents stated that at least some of their clients were homeless as a
result of foreclosure, and about half estimated that more than ten percent of
their clients were homeless because of foreclosure on a home they had been
occupying.
During 2008, RealtyTrac reported
3,157,806 foreclosure filings -- default notices, auction sale notices and bank
repossessions, an 81 percent jump from 2007 and a 225 percent increase from
2006.
"We are one step away from
foreclosure. More and more families and children are affected by job loss and
the economy. 'Getting back on your feet' is next to impossible in today's
society. The public needs to be made aware of who is becoming homeless... and
that they could be next - just like any average family," an individual
respondent to the national survey from North Carolina reported.
The study found that there are many
interrelated consequences of the economic downturn that lead to both home
foreclosure and to homelessness. There
is an increased need for affordable housing, as well as targeted legal
assistance, health care, living-wage jobs, income supports, access to
education, civil rights protections and the various supports that will continue
to be needed as a result of the recession.
John Parvensky, Board of Directors President for the
National Coalition for the Homeless and Executive Director of the Colorado Coalition
for the Homeless states, "This report underscores the fact that we as a
nation need to strengthen our efforts to prevent homelessness resulting from
this economic crisis, while creating sufficient new affordable rental housing
to ensure that no family in America has to experience the tragedy of
homelessness."
The Press Conference will be part of the plenary session of
the 2009 National Health Care for the Homeless Conference and Policy Symposium,
on Friday morning, June 26, in the Regency Ballroom of the Hyatt Regency
Washington Hotel on Capitol Hill, 400
New Jersey Ave, NW. 700 registrants from around the country will
be in attendance. See https://www.nhchc.org/2009conference/2009conference.html.
The Press event will include the
following scheduled speakers:
9:30am -- Release of Foreclosure
to Homelessness 2009 the Forgotten Victims of the Subprime Crisis
*
John Lozier- Executive Director National Health Care for the Homeless Council
*
Donna Smith, Community Organizer, California Nurses
Association. Her story was featured in the movie Sicko.
*
John Parvensky, JD, President, National
Coalition for the Homeless and Executive Director, Colorado Coalition for the Homeless
*
Introduction of Representatives of collaborating
national homeless organizations.
*
U.S. Congressman Keith Ellison
A question and answer period will
immediately follow the presentation in the Bunker Hill
room of the Hyatt Regency Washington Hotel.
The official release of the
Foreclosure to Homelessness report will follow the Press Conference. The report will be made available Friday morning at www.nationalhomeless.org.
National Coalition for the Homeless is a national network of people who are currently experiencing or who have experienced homelessness, activists and advocates, community-based and faith-based service providers, and others committed to a single mission: To end and prevent homelessness while ensuring the immediate needs of those experiencing homelessness are met and their civil rights are respected and protected. We envision a world where everyone has a safe, decent, accessible and affordable home.
"While Susan Collins’ campaign is backed by billionaire donors, our campaign is built on a movement funded by the people, with an average donation of $26," said Graham Platner's campaign manager.
A new analysis of campaign finance data shows that nearly 100 billionaires and their spouses have contributed to Republican Sen. Susan Collins' reelection bid so far, funneling nearly $10 million to the incumbent's campaign committee and PACs supporting her effort to fend off progressive challenger Graham Platner.
The Maine Monitor on Thursday published a list of billionaires who have donated to Collins and Platner, who has called his Republican opponent a "corrupt" protector and beneficiary of an oligarchic political system. The outlet noted that Collins' billionaire donation total "stands in stark contrast with the fundraising of her opponent... whose campaign has mostly attracted smaller amounts of funds but from many more people."
The $9.8 million that Collins' fundraising network received from billionaires and their spouses between January 2025 and late May 2026 represents "a third of what groups supporting Collins raised from all donors," according to The Maine Monitor's analysis.
Platner's reelection bid has received donations from billionaires George Soros, Pat Stryker, Jon Stryker, Christy Walton, and Jennifer Pritzker. Those contributions represent "a fraction of 1% of his total haul," The Maine Monitor noted. The Democratic candidate's campaign said Thursday that "grassroots donors chipping in $200 or less have given Graham Platner $9.6 million."
“While Susan Collins’ campaign is backed by billionaire donors, our campaign is built on a movement funded by the people, with an average donation of $26,” Ben Chin, Platner's campaign manager, said in a statement. “The establishment can bring it on—they cannot defeat the will of working Mainers, 15,000+ volunteers, and a campaign powered by small-dollar donors from nearly every zip code in Maine.”
Collins' largest billionaire donor to date came from Ken Griffin, a hedge fund manager who pumped $2.5 million into Pine Tree Results, a Super PAC supporting the five-term Republican incumbent. Collins' network has also received at least $1 million from Blackstone CEO Stephen Schwarzman, New Balance chair James Davis, and hedge fund manager Paul Singer.
this is oligarchy — pass it on pic.twitter.com/hU3nsRx9w4
— David Sirota (@davidsirota) June 12, 2026
The Maine Monitor observed that "the majority of the billionaire donations to Collins this cycle are from billionaires who made their money in alternative investments, including hedge funds and private equity."
In 2017, Collins voted for legislation that delivered massive tax breaks to large corporations and American billionaires, whose collective wealth surged to $8.1 trillion last year. ProPublica reported that private equity became Collins' "most reliable source of donations" after she withdrew an amendment to the 2017 legislation that would have targeted one of the industry's beloved tax breaks.
On top of billionaire funding, Collins' campaign has benefited from massive ad spending by dark-money groups such as One Nation. The group, which is aligned with Sen. Mitch McConnell, has spent more than $19 million on advertising for Collins so far.
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," said the island's foreign minister.
Amid mounting global calls for President Donald Trump to end his administration's "economic genocide" in Cuba, US Secretary of State Marco Rubio on Thursday announced sanctions against the state-owned oil and gas company, a move expected to worsen the island's fuel shortage and related humanitarian crisis.
Trump, in recent months, has repeatedly threatened to "take" Cuba and ramped up the 65-year US embargo against the country, including by imposing an oil blockade—disrupting food supplies, healthcare, education, transportation, and more—and issuing a May executive order that Rubio cited in his statement about the sanctions against Union Cuba-Petroleo (CUPET).
Rubio, the son of Cuban immigrants and a longtime advocate of regime change on the island, claimed Thursday "that like every resource on the island, energy has long been weaponized by Cuba's communist government as a tool of both repression and self-serving regime kleptocracy."
"While the Cuban people have suffered fuel shortages and blackouts because of decades of under-investment in critical infrastructure," Rubio continued, "Cuba's communist leaders have diverted energy resources to line their own pockets: reselling countless barrels of scarce energy on the secondary market, hoarding energy supplies for its military, intelligence, and repressive forces, and rationing energy as a tool of social control."
Warning of the new sanctions' likely impact, William LeoGrande, a Cuba expert at American University in the United States, told The Associated Press: "It appears that they're all in on strangling the Cuban economy... Their policy is a contradiction. They claim they don't want to create a humanitarian crisis, although that's exactly what they’re doing."
As some Florida Republicans in Congress celebrated the secretary of state's announcement, Cuban officials fired back, with Bruno Rodríguez, Cuba's foreign affairs minister, taking aim at Rubio in a social media post.
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," he wrote in Spanish. "To justify it, he does not resort to excuses prepared by his State Department, but to the usual crude lies, the most aggressive, uncouth, and rabid among Cuba's enemies."
Ernesto Soberón, Cuba's permanent representative to the United Nations, accused Rubio of "peddling crude lies" while the US ambassador to the UN, Mike Waltz, "mindlessly parrots the claim that the blockade does not exist and is, therefore, not primarily responsible for the suffering of the Cuban people."
"The cynicism of top US officials knows no bounds," Soberón said. "Stop the collective punishment of the Cuban people."
This week alone, UN High Commissioner for Human Rights Volker Türk, the International Association of Democratic Lawyers, and thousands of Italian medical professionals have spoken out against the US blockade of Cuba.
“The fuel restrictions imposed since early 2026 and recent tightening of extraterritorial sanctions, taken together, are directly harming Cubans, especially the most vulnerable," said Türk. "Children are dying because doctors lack access to essential medical supplies and medicines. This is unacceptable. These sanctions must be lifted immediately."
The Trump administration's targeting of CUPET came a week after it sanctioned Cuban President Miguel Díaz-Canel, his wife, and three other individuals.
"We just want them to be a nicely run country," Trump told journalists in the Oval Office last week, when asked whether those sanctions were meant to accelerate Cuba's collapse. "The country is starving, and it's got no energy, it's got no oil, it's got no money, it's got nothing. It's got a beautiful piece of land. You could have beautiful resorts."
Trump said that Cuba had already "sort of collapsed" and "we're going to handle that as soon as we've finished" military operations in Iran. He added, "I like to do one thing at a time."
Earlier this week, Elena Gutiérrez, a Mexican American activist at Global Exchange, wrote for Foreign Policy In Focus about returning from three trips to the island this year "with my heart a little more broken, but also with a stronger conviction that we need to defend Cuba."
"But can US citizens truly stop the madness their own empire imposes on them and on the rest of the world? Let us hope so, because only the people of the United States—and no one else—can carry out the transformations their own country needs," according to Gutiérrez. "Only then will Cuba, the United States, Mexico, and the rest of the world be free."
"For light at the end of the tunnel, you’d have to look to the 2030s," says the World Bank's chief economist.
The World Bank on Thursday lowered its global growth forecast for the remainder of 2026 as the illegal US-Israeli war of choice on Iran drives up energy prices, inflation, and the cost of debt.
"The global economy is facing another major shock," the World Bank's latest biannual Global Economic Prospects report states. "The conflict in the Middle East has triggered sharp increases in energy prices, renewed inflationary pressures, and fueled expectations of tighter monetary policy."
"Global growth is projected to slow to 2.5% in 2026, from 2.9% in 2025—the lowest rate since the Covid-19 pandemic—amid weaker prospects for economies dependent on energy imports and those directly affected by hostilities," the report continues. "Activity is expected to firm in 2027-28 as energy supplies recover, monetary easing resumes, and trade strengthens."
The Iran War has resulted in the closure of the Strait of Hormuz, through which around 30% of the world’s fertilizer and 20% of its oil previously passed. In addition to increasing the risk of a global food crisis, the strait’s closure has sent fuel and fertilizer prices soaring, with US farm diesel costing nearly 50% more than it did on the war’s eve in February and various fertilizer products spiking by between one-quarter and one-half.
The war has affected the economies of countries far removed from Iran, as the World Bank reports forecasts that "growth in emerging market and developing economies (EMDEs) is expected to slow to 3.6% this year."
"The level of per capita income across EMDEs excluding China and India, relative to advanced economies, is not expected to return to the pre-pandemic level until after 2028, implying nearly a decade of lost income convergence," the international financial institution predicted.
World Bank Group president Ajay Banga said in a statement Thursday that "developing countries have faced a series of challenges over the last decade."
“The impact differs by country, but the basic test is the same: Protect people and preserve stability today, without giving up on growth and jobs tomorrow," Banga added. "In response to the current shock, we are providing liquidity where it is needed now—and we are ready with additional financing, guarantees, and private-sector solutions if pressures deepen. Our job is to help countries steady the ship, keep reforms moving, and emerge stronger on the other side.”
The bank said in April that up to $100 billion would be made available over the next 15 months for nations suffering the most acute economic shocks caused by the war.
As US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu allegedly undermine efforts to end the war, the World Bank cautions that the global economic outlook "remains skewed to the downside."
“A renewed escalation of hostilities or more prolonged disruptions to commodity flows could further raise commodity prices, intensify inflationary pressures and food insecurity, trigger financial stress, and lower growth,” the bank's report warns.
In his foreword to the new Global Economic Prospects report, World Bank Group chief economist Indermit Gill warned that "barring a miracle, the 2020s will prove to be what their ominous opening foreshadowed: a lost decade—not just for a couple of outliers, but for dozens of developing economies.'"
"Amid one of the densest clusters of global shocks since the 1970s, nearly 1 out of every 2 developing economies has failed since 2019 to advance on the most rudimentary promise of development: narrowing the income gap with the world’s most prosperous economies," Gill added. "For light at the end of the tunnel, you’d have to look to the 2030s."