The incredible human misery on display at the workhouse attached to central London's Middlesex Hospital inspired Charles Dickens to write "Oliver Twist"; now, Camden council has granted a developer permission to develop the site into luxury flats (just in time for the luxury flat crash!), in exchange for a commitment to build some below-market-rent social housing flats, which will be accessible through "poor doors."
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A couple of years back, the Most Reverend Patrick J. McGrath, Bishop of the Diocese of San Jose, California, wrote an impassioned missive. In his letter, Bishop McGrath acknowledged the Catholic charities working to better the lives of the less fortunate. He emphasized how important it was that Catholics "vote their consciences" on Measure A: a proposal that would see affordable housing in an effort to end homelessness in the area and give struggling families a much-needed helping hand.
From The Valley Catholic:
Too many veterans have vouchers for affordable housing but no place willing to accept them. Too many children and families are living in cars or tripled up with other families in small homes because they can’t afford the rent on their own. Too many of our own teachers and workers commute long distances to serve our community of faith because they cannot afford ever increasing rents and housing prices.
He was right: everyone deserves the dignity of decent housing. That a community leader, like Bishop McGrath, would lend his voice to end this kind of bullshit, is both just and welcomed. It's how things should be.
So of course, the Bishop and the diocese fucked all of the good will built by this statement by buying a five bedroom house worth $2.3 million for McGrath to live in once he retires.
You should know that not all priests, which sometimes become bishops after decades of service and political finagling, take vows of poverty. Only certain religious orders within the Catholic Church are down with that. Read the rest
The average American worker has $95,000 in their 401(k), which will not even allow them to starve with dignity; this is a sharp contrast from earlier generations of American workers, whose employers provided defined-benefits pensions -- but it also is quite a distance from the CEOs of the biggest US companies, whose average pension benefit is $253,088/month. Read the rest
The Federal Reserve Board, charged with maximizing employment in America, sets interest rates and takes other measures to achieve this goal; because of public records laws, we get to look in on their deliberations five years after the fact. A recently released transcript, dating from the depths of America's unemployment crisis in 2011, reveals that Board members selected by American business (as opposed to those members appointed by the President) mocking unemployed Americans as being uneducated, addicted to drugs, and having a poor "work ethic." Read the rest
Sequoia Capital Chairman Michael Moritz and angel investor Ron Conway have donated to San Francisco's Proposition Q: if passed, "the city would give residents of tent encampments 24 hours’ notice to relocate to a shelter or accept a bus ticket out of town." Read the rest
Y Combinator founder and essayist Paul Graham's essay on the inevitability -- and desirability -- of income inequality sparked many scathing rebuttals, some of them quite brilliant, but the best so far comes from Tim O'Reilly, one of technology's towering figures. Read the rest
A new Oxfam report entitled Working for the Few (PDF), documents a "power grab" by the world's wealthy super-elite, who have amassed astonishing assets while the rest of the world grew poorer. Not only do the top 1% of the world's richest own 65 times more than the world's poorest 50%, but the 85 richest people own more than half the world. Oxfam is clear that this wealth expansion at the top is the result of a horribly corrupt political process by which elected representatives end up making policies to enrich the already-wealthy.
They're at Davos this week, asking the world's elites to pledge support for progressive taxation; an end to tax-avoidance; an end to financial corruption of legislation and policy; transparency in their own fortunes; universal healthcare, education and social protection; and a living wage for all. Read the rest