Word: lowing
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...even if the stimulus gets states like Florida off the affordable-housing hook in the short run, will it do enough to make low-income shelter a national priority again in the long run? To critics, the Florida legislature's decision reflects not just fiscal necessity but a cultural bias against affordable housing that has grown since the Reagan era and got outright absurd in recent years. At the turn of the century, Florida was averaging about 10,000 new affordable-housing units per year; today it's about half that. Some Florida towns have even enacted minimum square-footage...
...Which is why Florida's plundering of its affordable-housing reserves looks so ill-advised to many observers. The move could nix some 50 low-income projects slated to be built on the peninsula this year. And it seems particularly unwise when you consider that construction is one of the state's most crucial industries but is suffering the highest unemployment of any sector...
...contractors began blaming one another for the spiraling costs once the program came under a critical spotlight. John Young, the Pentagon's outgoing acquisition czar, recently blamed both. He cited the program as emblematic of a Pentagon culture wedded to rosy cost projections. "Higher costs, whether based on low estimates or poor enterprise management, is unacceptable and harmful to the defense enterprise," he wrote to Defense Secretary Robert Gates last month. "The acquisition team bears significant responsibility for moving forward with these programs built on inadequate foundations." (Read "Can Robert Gates Tame the Pentagon...
...left-wing extremists are to blame). In a letter published online in January, a leftist radical group called BMW (Bewegung für militanten Widerstand, or Movement for Militant Resistance) admitted to having set eight cars on fire, as a protest, the statement said, against the restructuring of formerly low-income neighborhoods, which has led to higher rents and forced out poorer residents...
...protests could tip the country into deeper chaos, or even invite military intervention. Pakistan's armed forces have always been the country's ultimate power broker, if not its true center of power. Since the fall of Musharraf, the new army chief, General Ashfaq Kiyani, has kept a relatively low political profile. But few Pakistanis doubt the military's capacity to intervene if political chaos threatens the country...