Tuesday, October 22, 2013

The Billionaires Curse

Bloomberg's Rotten Apple
Johann Wagener 10-22-13

Here's what happens when you put a billionaire in charge. People tend to forget that the way you become a billionaire is $1.00 at a time. And guess who's dollars they are?

For baseball games, Yankee Stadium seats 50,287. If all the homeless people who now live in New York City used the stadium for a gathering, several thousand of them would have to stand. More people in the city lack homes than at any time since . . . It’s hard to say exactly. The Coalition for the Homeless, a leading advocate for homeless people in the city and the state, says that these numbers have not been seen in New York since the Great Depression.