[Shadow_Group] Fw: [Left Hook] Disgusting contrasts

[shadowgroup-l at lists.resist.ca]

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Forbes List Has Most Billionares Ever
The Forbes 400
The economy's recovery may be a little shaky, but you
wouldn't know it from looking at this year's Forbes
400 list of the richest Americans. The combined net
worth of the nation's wealthiest climbed to $1
trillion, up $45 billion in 12 months.

http://biz.yahoo.com/special/400_04.html<http://biz.yahoo.com/special/400_04.html>
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Cleveland Ranked Nation's Poorest Big City
By M.R. KROPKO
Associated Press Writer
September 23, 2004, 8:10 AM EDT

CLEVELAND -- Crushed by the loss of steel and other
manufacturing jobs, Cleveland has ranked high for
poverty before -- but never No. 1. That changed when a
report from the U.S. Census Bureau recently rated it
has the nation's poorest big city, putting it ahead of
Detroit, Miami and Newark, N.J. 

Full:
http://www.newsday.com/news/nationworld/nation/wire/sns-ap-cleveland-poverty,0,4815774.story?coll=sns-ap-nation-headlines<http://www.newsday.com/news/nationworld/nation/wire/sns-ap-cleveland-poverty,0,4815774.story?coll=sns-ap-nation-headlines>
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September 22, 2004, NY Times
U.S. Seeks Cuts in Housing Aid to Urban Poor
By DAVID W. CHEN

The Bush administration has proposed reducing the
value of subsidized-housing vouchers given to poor
residents in New York City next year, with even bigger
cuts planned for some urban areas in New England. The
proposal is based on a disputed new formula that
averages higher rents in big cities with those of
suburban areas, which tend to have lower costs.

The proposals could have a "significantly detrimental
impact" in some areas by forcing poor families to pay
hundreds of extra dollars per month in rent, according
to United States Representative Christopher Shays, a
Connecticut Republican. That extra burden could be too
much for thousands of tenants, "potentially leaving
them homeless," Mr. Shays wrote in a recent letter to
the Department of Housing and Urban Development.

The changes would affect most of the 1.9 million
families who participate in the Section 8 program, the
government's primary housing program for the poor,
including 110,000 in New York City. People in the
program receive vouchers to help them rent private
apartments from landlords who agree to participate.

For a four-bedroom apartment in New York City, HUD has
proposed that the fair market rent be reduced from
$1,504 a month to $1,286, a drop of more than 14
percent. For practical purposes, that means that a
tenant must find an extra $218 to stay in that
apartment, or else find something cheaper. A voucher
for a three-bedroom apartment would be cut by 7
percent, with smaller cuts for smaller units.

(email me for rest of article: derekseidman at yahoo.com<mailto:derekseidman at yahoo.com>)





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