1. War on Poverty

    Obama Lays Out ‘Promise Zones’

    Harvey, a homeless man, begs for money as he walks between cars along 14th Street in Washington October 20, 2010. In 2007, when the world was on the brink of financial crisis, U.S. income inequality hit its highest mark since 1928, just before the Great Depression. Economists are only beginning to study the parallels between the 1920s and the most recent decade to try to understand why both periods ended in financial disaster. Photo taken October 20, 2010. To match Special Report USA-ECONOMY/INEQUALITY. REUTERS/Stelios Varias (UNITED STATES - Tags: BUSINESS SOCIETY) - RTXTPMM

    Stelios Varias/Reuters

    On Thursday President Obama laid out his new initiative for reducing poverty and creating jobs by focusing on specific economic “Promise Zones.” The first five high-poverty areas that will receive attention are San Antonio, Texas; Southeastern Kentucky; Philadelphia; Los Angeles; and the Choctaw Nation of Oklahoma. The plan aims to ensure more high school graduations, provide tax incentives for economic growth and bring mixed-income housing to these areas.

    Read it at The Washington Post