Robert Schiller from Yale gave props to Richard Green of USC for his recommendation that there be a targeted tax credit to encourage homeownership. Green and Andrew Reschovsky of Wisconsin have studied the data closely are clear that the real benefit of existing tax policy allowing a standard deduction for interest on mortgages is for [...]
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New Orleans Nothing like stumbling over the obvious, but then the whole point of being relatively poor or “near poor,” as the Times called it today, is being invisible, no matter what they or anyone else may want to call it. In looking at the new numbers that try to define the terror and [...] New Orleans Credit union and community banks report the number of new accounts opening in October rose to by 13 times the normal rate of increase with over 650,000 new accounts since September 29th when Bank of America announced its (now rescinded) larcenous run on their own customer’s bank accounts through debit card fees. [...] New Orleans I knew it was coming, but I had crossed my fingers and hoped that it would not be so devastating. Unfortunately the numbers are in and minorities especially have taken devastating downturns in their citizen wealth or basic assets during the recession pushing previous progress back a generation. According to a recently released [...] New Orleans When governments do not support full access to the programs that support citizen wealth, the entire community suffers and pays the price, not just the family. Michael Siemienas, speaking for SuperValu (owner of Save-A-Lot which is only a couple of blocks from my house) hit on this point in a Times’ piece saying [...] Atlanta On ACORN International’s Remittance Justice Campaign (www.remittancejustice.org) we have had difficulty getting any response from the big banks except in the most cursory terms. Wells Fargo did finally reply and told us they were doing great within a small footprint of countries. Bank of America and JP Morgan/Chase were stone silent. Not surprisingly [...] Tegucigalpa The highlight reel of this year’s annual meeting of ACORN International’s board and staff is rolling out now. The Mexican and San Pedro Sula delegation were on a morning bus Saturday for the journeys home. At 4 AM I saw off the first five from ACORN Canada heading for their 24 hour [...] |
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