While the banksters are getting bailed out by the US government on behalf of the suckers who are going to pay for their reckless and down right criminal behaviour, yep you guessed it, the US taxpayer and biggest cash cow in human history, New Zealand is preparing to vote one the same guys that brought you the “Subprime crisis” in as their new prime minister. Go figure.
Since foreclosure mess, homeless advocates report rise in encampments
18/09/08 “AP” — – RENO, Nev. – A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.
Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.
Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a “tent city” — an encampment of people who had nowhere else to go.
Nearly 61 percent of local and state homeless coalitions say they’ve experienced a rise in homelessness since the foreclosure crisis began in 2007, according to a report by the National Coalition for the Homeless. The group says the problem has worsened since the report’s release in April, with foreclosures mounting, gas and food prices rising and the job market tightening.