Little Rock Hardly a month ago I shared the disgust at the way lenders were ripping off young people facing difficulties handling their student loans who were then saddled with collection fees, exorbitant interest rates, and escalating debits many times larger than the original loans. An article in the Times today by John …
Category: Citizen Wealth
NYC Bureaucrats Administer Citizen Wealth Setback
New Orleans New York City announced that it was ending its experimental program called Opportunity NYC Family Rewards that had offered cash incentives for achieving modified behavior from poor families. From the article it seems that the failure of the City of New York to modify its behavior was the real story here, rather than …
The Future Question on ACORN’s Demise
New Orleans In the host of commentary on the announcement by ACORN’s national management that the organization is closing its doors tomorrow, there have been two voices that have stood out particularly in my mind, because they ask the critical question about the future for the low and moderate income members and constituency that was …