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Thursday, July 24, 2008

New York mayor unveils new poverty gauge


New York Mayor Michael Bloomberg says that he and his aides have found a newer, more accurate method of measuring poverty. Calling the current federal poverty measure outdated, Bloomberg hopes his gauge will become the new national standard. The current federal measure shows New York City with a poverty rate of 18.9 percent. But Bloomberg’s method shows a rate of 23 percent.

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