As US poverty hit it’s highest point in 50 years - Americans make up half of the world's richest 1%

[kpete]

US poverty hit it’s highest point in 50 years

http://www.industryleadersmagazine.com/poverty-rate-crosses-15-highest-in-over-50-years-u-s-census-bureau/

Americans make up half of the world's richest 1%


http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?iid=HP_LN&hpt=ibu_c1

[bvar22]

1. And NOTHING effective is being done to change that direction.

K&R




You will know them by their WORKS.

[font size=5 color=green][center]Solidarity99![/font][font size=2 color=green]
--------------------------------------------------------------------------------------------------------------------------------[/center]

[FirstLight]

2. I hope that this won't be used to tell me

that because I have a TV or running water i am really not as poor as I "think"

It's a helluva comparison...

[sad sally]

3. Think Bernake's white paper to Congress regarding housing will add to those 1%-ers wealth?

Who are these investors who'll be buying these "bundles of houses?"
####

In addition, regulators have been seeking ways to shrink the glut of foreclosed properties by pooling properties and selling them to investors in bulk. The investors could then rent them out, taking advantage of rising rents. As a result of falling home prices but rising rents, “it might be appropriate in some cases to redeploy foreclosed homes as rental properties,” the Fed paper said.

http://blogs.wsj.com/economics/2012/01/04/bernanke-tells-lawmakers-more-action-needed-to-fix-housing/?du