Swindling the Elderly

I’ve been visiting some of the people who have been most affected by the subprime mortgage debacle. It’s a largely bewildered, frightened group that includes people like Dorothy Levey, a 79-year-old widow who sits alone inside the small house she has lived in for 41 years, afraid to answer the telephone or the door.

She has every reason to be worried. The monthly note on her house in the city of Markham, just outside Chicago, is approximately 100 percent of her meager monthly income. Broke and behind in her payments, Ms. Levey expects a foreclosure notice to show up any day, followed by a visit from “the sheriff, or whoever they send to tell you to get out of your own home.”

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After faithfully making mortgage payments for decades, Ms. Levey and her husband, Dan, were persuaded to take out a new loan, ostensibly for debt consolidation, in 2002. It was like plunging into quicksand. Dan was seriously ill at the time and he died two years later.

To this day Ms. Levey does not understand what she and her husband of more than half a century had agreed to. The terms might as well have been written in Sanskrit.

But she kept trying to meet her obligation. She exhausted her savings. She lost her car. She stopped buying clothes and cut back on food. But there was no way to keep up with the payments.

“I had to go to the state and tell them I was hungry,” she said.

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Right Wing Driven Economic Crisis in America Raises Number of Low Income Students in Southern Public Schools to 54%

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The percentage in the 15-state Southern region rose slightly from previous years and is the nation's highest, ahead of the West at 47 percent and the Midwest and Northeast at 36 percent each, according to the Southern Education Foundation's report issued Tuesday.

he report defines low-income students as those who qualify for free or reduced-cost public school meals and looks at the percentage they represent of total enrollment.

The findings highlight a steady increase in low-income student enrollment in Southern public schools since 1989, when the figure was 34 percent.

It reached 50 percent in 2004 and has continued to rise, a phenomenon researchers contribute to demographic changes, the economy and the South's history as a region with higher poverty rates.