Monday, 17 March 2014

Poverty, Way of Life

The point of this article is to inform and to ensure that mothers and their young children living on the edge of poverty iwll no longer be faceless strangers. 

On January 20th, 2013, President Barack Obama released his weekly address. He stated that " As part of that reform, we set up the Consumer Financial Protection Bureau, the first - ever independent consumer watch dog with one job; to protect families from that sort of behavior. " stated Obama . 

The Consumer Financial Protection Bureau version 2 was released on October 31st, 2012 of the CFPB. ( says the consumer finance website. ) 

The website lets the citizens acknowledge their information by holding PDF files from Mortgage Originated examination procedures, Education loans, and even RESPA procedures are included as well. 

These laws should be followed by companies of financial protection laws.

The economist states that, " two years after house pries ended their preciption fall, housing across America is beginning to look frothy again. New data released by Standard & Poor's on February 20th showed the Case. Shiller index of 20 cities rising in December at the fastest rate for nine month, in part due  to the bitterly cold weather and higher mortgage rates, prices in some cities continued to increase. In Chicago, house prices rose at their fastest rate since 1988. Could America in the midst of another housing bubble? Stated the economist website. 

Some facts caught my eye from the book " Through My Own Eyes on page four. 

" Children living in single parent homes are much more likely than children in two - parent homes to suffer from the constraints of poverty : almost half of all black and one- fourth of all white females headed households live below the poverty line. The share of children living in poverty has crept steadily upward since the 1960's. 

President Bill Clinton who himself was born of August 9th, 1946 under a clear sky after a violent summer storm to a widowed mother in the Julia Chester Hospital in Hope, a town of about six thousand in southern Arkansas was born there. 

" In , My Life, Bill Clinton " book states that he was raised in poverty during the war when his father, William was raised in poverty during the war when his father, William Jefferson the III went off to war in the invasion of Italy.

By Anastasia Khramova

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