Homeless
emjohnson | July 16, 2009With huge profits reported this week from two bailed-out institutions, Sacramento-based real estate investor Reggie Lal is euphoric:
JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit Thursday, easily surpassing analysts' expectations, as strength in investment banking offset higher credit losses. JPMorgan, the second big bank to report stronger earnings this week after Goldman Sachs Group Inc., earned $2.72 billion, up from $2 billion a year earlier. Revenues soared 39 percent to $25.62 billion.
Results were driven by record investment banking fees and revenue in its…
grrlscientist | May 12, 2009tags: homelessness, unemployment, poverty, NYC Life, social policy
A homeless woman eats dinner (it looks like "Sheba" brand cat food, doesn't it?)
Image: orphaned.
I awoke this morning at 5am, as usual, and one of the first things I heard on the morning news was Mayor Bloomberg, one of the richest men in the world, saying that the city is charging rent for the homeless to stay in a shelter. Blinking in the darkness, I thought I was listening to the Onion news report instead of NPR. Sure, I heard that Bloomberg was considering this, but never thought he was cruel enough to actually enact…