Monday, July 9, 2012

One percent couple demos their house while 100s of 1000s jobless or underemployed

Oh, the troubles of the one percent.
The garage was in the wrong place. So they demolish a new home to soon rebuild. They will waste a few million dollars in the process. "The new Southampton, N.Y., home of Eric and Margaret Friedberg was almost half completed when they decided to tear it down and start over because the garage was in the wrong spot . . . both [spouses are] former federal prosecutors with the U.S. Attorney's Office in New York's Eastern District." --For those not in the know, the Hamptons are where much of the New York uber-rich have their conspicuous consumption vacation mansions. Don't get misled by the demographics in wikipedia articles on "The Hamptons," Southampton or East Hampton. Yes, overall, the permanent populations in these towns are middle class. But property prices commonly run in the eight digits, house properties are the sorts of places advertised in the back of "The New York Times Magazine" or "The New Yorker."
From Yahoo News from ABC News' "Good Morning America", July 2, 2012: By Sydney Lupkin, "New Home Demolished Because Garage in Wrong Spot."
Meanwhile there are stagnant job numbers in the June 2012 U.S. jobs report, the Economic Populist site tells us.
Read this July 6, 2012 report, "June Jobs Report Shows Economy Still in the Dumps," in AlterNet.
Only in America are people not putting it together in a mass movement to connect the dots.

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