November 22, 1995 |
Genell Dean is saving money for a house. That simple statement would have been unthinkable 18 months ago when, pregnant and with two young children in tow, Dean fled Atlanta and her husband, ending up in a Salvation Army shelter here. And it still is unthinkable for nearly everyone who spent most of the last year on welfare, as Dean did in order to feed her family. In most of the United States, anyone who has $1,000 in assets is no longer eligible for payments.
March 24, 2002 |
Lawrence Iriate ran out of financial aid a semester short of college graduation. But the Newark, Calif., artist had an ace in the hole--an Individual Development Account, which is a matched savings account for the working poor. Iriate had set aside $500 in that account. A nonprofit group matched his savings $2 for $1. The resulting $1,500 was just what Iriate needed to help him become the first member of his family to graduate from college.
October 28, 1998 |
President Clinton signed legislation Tuesday directing that a greater portion of federal Head Start money be used to improve quality in the popular preschool program rather than to expand its enrollment. The law also creates a five-year test program allowing about 50,000 low-income families to save for a first home, college, or business start-up, with each dollar they save matched by the federal government. The so-called individual development accounts come with a $125-million price tag.
April 30, 2001 |
A report that recommends ways to spark economic development in L.A.'s poor minority neighborhoods will serve as a launching point for a discussion today by the Los Angeles mayoral candidates, business executives and community leaders. The report, published by the nonprofit Operation Hope and UCLA's Anderson School, stemmed from Operation Hope's Inner-City Economic Summit held in South Los Angeles last year.
November 5, 1992 |
President-elect Bill Clinton's victory will mean a broad array of new policy initiatives that will affect the economy and business. Here briefly is how some major industry sectors are likely to be affected by a Clinton. Aerospace/Defense: Wants to cut defense outlays by $60 billion over five years, compared with current spending projections. Will create new federal research agency to employ defense industry scientists and engineers on civilian projects.
July 4, 1997 |
Geneva Thacker's wish sounds simple enough. She'd like city water hooked up to her trailer so she and her two young children don't have to carry it anymore. "I pack it in buckets from Mommy's," said the 29-year-old eastern Kentucky woman, who washes clothes by hand and uses a barrel to catch rainwater. "It's a big hill. That'd mean everything to me to get to put my bathroom in and my water. "I'd probably think I was rich."