Word: streets
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Dates: during 2010-2019
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...downtown Los Angeles, just east of Little Tokyo, one of the only active construction sites is a 53-unit apartment building at Alameda and 4th Street. Valentin Marquez, 41, father of four, does foundation and concrete work. Before this job he says he was out of work for a year. He is now struggling to keep his house. "The company I worked for for 18 years went bankrupt," he says. His colleague, Alonzo Chavez, 34, worked for the same contractor and then took a job in a burrito factory at minimum wage. Both non-union men, hands gray with concrete...
Haitians who've had to deal with the loss of their family members and their homes, now find fellow citizens profiting from their pain. But the hunger on the streets is growing. In the suburban city of Petion-ville, protesters wove in between cars chanting against the mayor Claire Lydia Parent. The demonstrators allege that Parent too is charging them 250 Gourdes for coupons for bags of rice. "She's keeping it in the depot so when elections come around she'll give the rice away. Then people will vote for her," says Danka Tranzil, 17. (Mayor Parent has said...
...important as rice is, the hottest commodity on the streets of Petion-ville is a tent. I think back to the $34.99 I paid at Target for my tent as I was preparing to make my way down to Haiti to visit my family and report on the earthquake's destruction. Now tents can sell on the street for a hundred dollars each, if you can find one. One woman says she'd been walking all day looking for one. She was dressed in a tight spandex lime green shirt, her hair neatly coiffed. She said she offered...
...problem is that Wall Street and Washington appear to have very different definitions of what is proprietary trading. Goldman and others are defining proprietary trading as the day-to-day money these firms risk in the markets, buying and selling stocks and bonds. Volcker seems to want to limit not just this trading but also the big long-term bets banks make on real estate, mortgages and other securities...
...encourage you to consider the notion of whether you’re really taking a risk,” said Thomas H. Mattox ’82, the panel’s moderator and managing director at Lancaster Street Partners, a real estate firm. “You’re going to have your Harvard degree to fall back on and a community to support...