News. BOSTON (AP) - Boston Mayor Tom Menino says the city is willing to offer a $200,000 loan to prevent the city's financially struggling African-American weekly newspaper from shutting down permanently. Menino tells The Boston Globe that the loan will come from the Boston Local Development Corp., a private nonprofit administered by the Boston Redevelopment Authority that provides cash to struggling small businesses.
My point. This way of thinking about housing was one of the major causes of the problems we are facing. When will we stop "helping" and drive the poor into a bigger financial hole? Why not a tax holiday? Why increase their debt load? I just do not understand this way of thinking.
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