Tuesday, August 08, 2017

SAN DIEGO'S PROBLEM, AMERICA PAYS FOR IT!

1979!  What a great time to roll into San Diego and become a new resident of what was back then, America's Finest City.

Fast forward to today.

Homelessness in San Diego has surged in recent years. A January tally put the number of transients in the city at over 5,600, up more than 10 percent from last year. The total number has risen more than 40 percent since 2014. 

The chairman’s idea is for the city to construct temporary housing on the practice field of Qualcomm Stadium, where the San Diego Chargers played until 2016, and the San Diego State Aztecs play.

The number of homeless people in Los Angeles is skyrocketing. 

In just one year, the figures revealed that the homeless population in the city grew 20% while the numbers for the wider Los Angeles County were even higher at 23%.

As if looking at those numbers isn’t cringeworthy enough, The Los Angeles Homeless Services Authority reported Wednesday that 6,000 homeless young people were tallied across the county in January, a 61% increase over the 2016 total. Most of the young people are ages 18 to 24. All the youth shelters have waiting lists and affordable housing is tough to find, even with a rent voucher, according to Heidi Calmus of Covenant House California, an international youth homeless services agency with a branch in Hollywood. “The system is overwhelmed,” Calmus said Tuesday night as she and a colleague, Nick Semensky, delivered toiletry bags and sandwiches to young people living in the streets.
Despite efforts to combat the problem, the number of homeless continue to go up.
And just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate.

According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day.  And it isn’t just adults that we are talking about.  It has been reported that that the number of homeless children in this country has risen by 60 percent since the last recession, and Poverty USA says that a total of 1.6 million children slept either in a homeless shelter or in some other form of emergency housing at some point last year.  Yes, the stock market may have been experiencing a temporary boom for the last couple of years, but for those on the low end of the economic scale things have just continued to deteriorate.

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173