Vanguard News Network
VNN Media
VNN Digital Library
VNN Reader Mail
VNN Broadcasts
Local Blogs
Miscellaneous


Go Back   Vanguard News Network Forum > News & Discussion > This Just In
Register Multimedia Blogs Search Today's Posts Mark Forums Read

 
Thread Display Modes Share
Old March 10th, 2013 #1
Stanley Russell
Banned
 
Join Date: Feb 2013
Posts: 86
Default Shanty Towns Rapidly Growing At The Base Of Silicon Valley

Many left behind as Silicon Valley rebounds
2 hours ago Associated Press

On a morning the stock market was sailing to a record high and a chilly storm was blowing into Silicon Valley, Wendy Carle stuck her head out of the tent she calls home to find city workers duct taping an eviction notice to her flimsy, flapping shelter walls.

"I have no idea where I'm going to go," she said, tugging on her black sweatshirt over her brown curls and scooping up Hero, an albino dog.

She glanced at the glimmering windows on a cluster of high-tech office buildings just blocks away and shook her head.

"Did you know Google shares hit $840 each this morning?" she asked. "I just heard that on the radio."

Carle, who did not want to give her age, used to manage apartments. Today she lives on a Supplemental Security Income disability payment of $826 a month due to back and joint problems.

The Silicon Valley is adding jobs faster than it has in more than a decade as the tech industry roars back. Stocks are soaring and fortunes are once again on the rise.

But a bleaker record is also being set this year: Food stamp participation just hit a 10-year high, homelessness rose 20 percent in two years, and the average income for Hispanics, who make up one in four Silicon Valley residents, fell to a new low of about $19,000 a year_ capping a steady 14 percent drop over the past five years, according to the annual Silicon Valley Index released by Joint Venture Silicon Valley, representing businesses, and the philanthropic Silicon Valley Community Foundation.

Simply put, while the ultra-rich are getting even richer, record numbers of Silicon Valley residents are slipping into poverty.

In the midst of a national economic recovery led by Silicon Valley's resurgence, as measured by corporate profits and record stock prices, something strange is going on in the Valley itself. Most people are getting poorer," said Cindy Chavez, executive director of San Jose-based Working Partnerships USA, a nonprofit advocating for affordable housing, higher minimum wages and access to health care.

Nowhere is this growing disparity more obvious than this sprawling and trash-strewn 28-acre tent city that authorities are trying to clean out. Beneath the sweeping shadow and roar of jets soaring in and out of nearby San Jose's international airport, residents here say times are so tight they have nowhere else to turn.

"This is the most ridiculous place ever," said Kristina Erbenich, 38, clambering onto her bike, a heavy pack on her back. The former chef said she spent $14,000 on hotel rooms before her savings ran out. "If everyone around here is so rich, why can't they do something to help?"

United Way Silicon Valley CEO Carole Leigh Hutton wonders the same thing.

"How is it that in an area so very rich, we have so many people so very poor? Why can't we break that cycle? With all the brain power in the Silicon Valley, we should be able to solve these problems. But what we need is the collective will."

The causes for the growing disparity are complex, but largely come down to one thing: a very high cost of living. The median home price is $550,000, and rents average just under $2,000 a month for a two-bedroom apartment in this region that is home to many of the nation's wealthiest companies including Facebook, Apple Inc., Hewlett-Packard Co. and Google. For a family of four, just covering basic needs like rent, food, childcare and transportation comes to almost $90,000 a year, according to the nonprofit Insight Center for Community Economic Development

"The fact is that we have an economy now that's working well only for those at the very top," said Lawrence Mishel at the Economic Policy Institute in Washington D.C. "Unless we adopt a new approach to economic policy, we're going to continue going down this path, which means growth that does not really benefit the great majority of people in this country."

Nationally, Mishel says the declining value of the federal minimum wage is a major factor driving inequality. On Monday, in an effort to address this, minimum hourly wages will rise from $8 per hour to a new minimum of $10 per hour, the nation's largest minimum wage increase approved by voters last fall. While it's a dramatic shift for tens of thousands of workers, it's a minuscule fraction of the increases top earners in the region enjoyed last year.

Silicon Valley's top tech magnates inched up the Forbes annual list of the richest people on the planet released this week: Oracle Corp. CEO Larry Ellison had a reported net worth of $43 billion, Google co-founders Larry Page and Sergey Brin had about $23 billion each, Facebook CEO Mark Zuckerberg, was worth an estimated $13.3 billion, and Laurene Powell Jobs, widow of Apple Inc. co-founder Steve Jobs, had an estimated worth of $10.7 billion.

"The wealth numbers are staggering, they are absolutely staggering," said Alf Nucifora, who chairs the Luxury Marketing Council of San Francisco

One in five ultra-wealthy Americans, defined by having a net worth above $30 million, lives in California, stoked by the "wealth-generating cluster" of the Silicon Valley, according to WealthX, a company that tracks the super-rich. Stanford University, in Palo Alto, boasts 1,173 alumni with a net worth of more than $30 million _ only Harvard University and the University of Pennsylvania have more.

"The Silicon Valley is an ecosystem of human capital, venture capital, risk, an educational infrastructure," says WealthX president David Friedman. "All of those things combine into this glorious cocktail of prosperity."

But many residents, even those with college educations, are finding it tougher than ever to make it in the Silicon Valley.

Before the Great Recession, about 10 percent of people seeking food had at least some college education. Today, one in four who line up at food pantries for bags of free food have been to college. Last year the share of households in Silicon Valley earning less than $35,000 rose two percentage points to 20 percent, according to the 2013 Silicon Valley Index.

"There are millionaires, even billionaires, who sit in their sunrooms watching me work in their gardens and they have no clue what's going on," said Sherri Bohan, a credentialed horticulturist who ran a landscape gardening firm for 30 years and raised two sons as a single mom. Today, retired and disabled, she picks up a free bag of groceries every week at her local food bank. Without the food she says she would go hungry.

Silicon Valley's rich do give, and often significantly, but the money mostly leaves the area. Facebook's Zuckerberg gave $100 million to Newark N.J., public schools in 2010; his $500 million gift to the Silicon Valley Community Foundation last year has yet to be designated. The Google Foundation donated about $11 million in 2011, according to its tax forms, largely to global environmental and health projects.

"Many people come here to work, but they have no idea what's really going on," said Lisa Sobrato Sonsini, whose Sobrato Family Foundation _ funded by profits gained as a leading real estate and development firm in the region _ is the single largest contributor to local charities in the region. "The companies are generous, but they don't see the need directly in front of them, they want to send their money away."

Phyllis Kizer, a long time high-tech business analyst, is disturbed by the challenges people in her community face.

"Looking at myself, I'm very well paid for what I do, I have no complaints," she said.

But many residents, even those with college educations, are finding it tougher than ever to make it in the Silicon Valley.

Before the Great Recession, about 10 percent of people seeking food had at least some college education. Today, one in four who line up at food pantries for bags of free food have been to college. Last year the share of households in Silicon Valley earning less than $35,000 rose two percentage points to 20 percent, according to the 2013 Silicon Valley Index.

"There are millionaires, even billionaires, who sit in their sunrooms watching me work in their gardens and they have no clue what's going on," said Sherri Bohan, a credentialed horticulturist who ran a landscape gardening firm for 30 years and raised two sons as a single mom. Today, retired and disabled, she picks up a free bag of groceries every week at her local food bank. Without the food she says she would go hungry.

Silicon Valley's rich do give, and often significantly, but the money mostly leaves the area. Facebook's Zuckerberg gave $100 million to Newark N.J., public schools in 2010; his $500 million gift to the Silicon Valley Community Foundation last year has yet to be designated. The Google Foundation donated about $11 million in 2011, according to its tax forms, largely to global environmental and health projects.

"Many people come here to work, but they have no idea what's really going on," said Lisa Sobrato Sonsini, whose Sobrato Family Foundation _ funded by profits gained as a leading real estate and development firm in the region _ is the single largest contributor to local charities in the region. "The companies are generous, but they don't see the need directly in front of them, they want to send their money away."

Phyllis Kizer, a long time high-tech business analyst, is disturbed by the challenges people in her community face.

"Looking at myself, I'm very well paid for what I do, I have no complaints," she said.
http://billingsgazette.com/news/nati...2a16701f1.html
 
Old March 11th, 2013 #2
John from Canada
Ph.D. Hate & Intolerance
 
John from Canada's Avatar
 
Join Date: Mar 2012
Posts: 1,285
John from Canada
Default

Quote:
Originally Posted by Stanley Russell View Post
"This is the most ridiculous place ever," said Kristina Erbenich, 38, clambering onto her bike, a heavy pack on her back. The former chef said she spent $14,000 on hotel rooms before her savings ran out. "If everyone around here is so rich, why can't they do something to help?"
You know what's ridiculous. Spending all of your savings on hotel rooms when you don't even have a job. I've seen 5-10 acre lots with water, electricity and a beat up mobile home go for less than $14,000. She probably looks down her nose at people who live in trailers work part time at the walmart. Yeah get on your bike and go pass out some more resumes you dumb bitch. Things will turn around any day now.
 
Old March 11th, 2013 #3
Olesia Rhoswen
Member
 
Join Date: Feb 2011
Posts: 310
Olesia Rhoswen
Default

Quote:
I've seen 5-10 acre lots with water, electricity and a beat up mobile home go for less than $14,000. She probably looks down her nose at people who live in trailers work part time at the walmart.
Yeah, a lot of people would not even have a thought in their head to consider that sort of simple life, they're so used to living beyond their means. That option doesn't even exist in their world.

As for the tent cities that seem to be all over the place now, I'm surprised that no one has come up with some sort of program to make semi-permanent homes out of adobe bricks, for example. All the people living there think that they're going to be leaving any day, but the reality is they've been there for years and are likely to be there for more. A trained group of unemployed tent dwellers could build trailer-sized buildings with salvaged materials for roofs, windows and doors. A lot healthier than living in a damp tent, and easy to demolish when things get better.
 
Old March 11th, 2013 #4
John from Canada
Ph.D. Hate & Intolerance
 
John from Canada's Avatar
 
Join Date: Mar 2012
Posts: 1,285
John from Canada
Default

Quote:
Originally Posted by Olesia Rhoswen View Post
I'm surprised that no one has come up with some sort of program to make semi-permanent homes out of adobe bricks, for example.

A trained group of unemployed tent dwellers could build trailer-sized buildings with salvaged materials for roofs, windows and doors. A lot healthier than living in a damp tent, and easy to demolish when things get better.

Because we're not in Mexico. If these people had the stones to make adobe bricks or build a house out of scraps, they'd go out and find a job, and use the money to go live in a trailer park.

Things are not anywhere near bad enough. Things have to get a whole lot worse before people realize it's not going to be like it used to be, and stop doing foolish things like spending their last savings on hotel rooms.
 
Old March 15th, 2013 #5
Sean Gruber
Senior Member
 
Join Date: Mar 2007
Posts: 1,431
Sean Gruber
Default

Quote:
Originally Posted by John from Canada View Post
If these people had the stones [...], they'd go out and find a job
There are no jobs. Life moves fast, sport. It isn't 1985 anymore.

Peak Jobs

Of course, if you are out of work (1 in 4 are), you can always wait patiently until a $7.25 job opens up. That'll pay for a trailer and a nice bit of land. It will also pay for some flying pigs.

But don't confuse a committed capitalist with facts. He will tell you the economy is great...just moments before or after he tells you that President Nigger is terrible because he ruined the economy.

Either that, or he'll tell you that you can make "a mil in sales" by retooling yacht engines or chopping cars in your back yard. We've heard these bulletheads again and again.
__________________
No jews, just right
 
Old March 15th, 2013 #6
Horseman
Senior Member
 
Join Date: Feb 2008
Posts: 2,704
Horseman
Default

They bitch about a handful of people that have a few measly $billion when the pentagon can't account for $3 trillion?
 
Old March 15th, 2013 #7
Ironguard1940
Senior Member
 
Join Date: Aug 2005
Posts: 2,318
Ironguard1940
Default Is this America or Brazil?

It seems that the middle class is rapidly disappearing from the kwa, courtesy of the goddamn kikes and their magic nigger. Our situation is quickly becoming like that of Brazil, where Whites are now the minority, violent crime is rampant and there is no middle class. The rich live behind fortress walls in protected communities while the poor live in favelas. Yes, that hope and change is working out well for hymie.
 
Old March 15th, 2013 #8
John from Canada
Ph.D. Hate & Intolerance
 
John from Canada's Avatar
 
Join Date: Mar 2012
Posts: 1,285
John from Canada
Default

Quote:
Originally Posted by Sean Gruber View Post
or he'll tell you that you can make "a mil in sales" by retooling yacht engines or chopping cars in your back yard. We've heard these bulletheads again and again.
Misrepresenting other peoples arguments is what a Jew does.



Quote:
Originally Posted by Sean Gruber View Post
you can always wait patiently until a $7.25 job opens up. That'll pay for a trailer and a nice bit of land. It will also pay for some flying pigs.
She had enough to buy a bit of land. She chose to spend $14,000 staying in hotels. Now she's sleeping in a tent, in a hobo jungle.

She blames the city for not helping. She needs her life to suck a little harder. Till she realizes help isn't coming and starts blaming herself for being stupid. We haven't hit bottom yet. But we'll get there.
 
Old March 15th, 2013 #9
Dan Smith
Banned
 
Join Date: Mar 2013
Posts: 1,127
Default

Quote:
Originally Posted by Olesia Rhoswen View Post
Yeah, a lot of people would not even have a thought in their head to consider that sort of simple life, they're so used to living beyond their means. That option doesn't even exist in their world.

As for the tent cities that seem to be all over the place now, I'm surprised that no one has come up with some sort of program to make semi-permanent homes out of adobe bricks, for example. All the people living there think that they're going to be leaving any day, but the reality is they've been there for years and are likely to be there for more. A trained group of unemployed tent dwellers could build trailer-sized buildings with salvaged materials for roofs, windows and doors. A lot healthier than living in a damp tent, and easy to demolish when things get better.
You are absolutely right. Those wretched tent dwellers could scour the land for discarded building materials to construct a nice shanty in which they could proudly dwell in the shadow of the better off....

Or they could just climb in your bedroom window at 3 am and slit your arrogant throat and live in your house instead of a ramshackle abode pieced together from junk.
 
Reply

Share


Thread
Display Modes


All times are GMT -5. The time now is 01:40 AM.
Page generated in 0.10013 seconds.

VNN on Twitter