There were two reports which caught my attention this past week or so. Individually I might not have been shocked but, coming one after the other like they did, I was stunned---I was for two reasons: a) the minor attention given by the press and b) the insult levelled to concerned New Yorkers on the whole when the one was followed by the other.
The first was the report by Forbes Magazine on 9/20/2011 identifying the 400 richest people in America, among them were also the richest new Yorkers.The report claims the NY mayor is the second richest New yorker with $19.5 billion behind David Koch with $25 Billion. Bloomberg the report stated made $1.5 Billion last year I do not pity or envy the rich- this is the nature of capitalism.
When the second report came out my jaw dropped at the headline of 9/23/201:
"New york city poverty rate rose to an alarming 20.1% in 2010, latest census Bureau figures show."
The report states that food pantry and soup lines are getting longer and Agencies are running out of supplies, people have used up all their emergency savings on food and rent;"if this problem goes untreated you are endandering the entire economic engine that is New York city' ... the report concludes.
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