"NEW CONDOS FOR THE POOR!!!" isn't actually news, although you have to dig to find out why...
The condo tower has 240 units, where as the public housing has 3,500 units. Doing the math, the public housing is costing $70k/unit to renovate, where as the condo costs $633k/unit to build.
"One example of outdated thinking is the FCC's cross-ownership rule that prevents people from owning, say, a television station and a newspaper in the same market. Many of these rules were written when competition was limited because of the huge up-front costs. If you are a newspaper today, your competition is not necessarily the TV station in the same city. It can be a Web site on the other side of the world, or even an icon on someone's cell phone."
The condo tower has 240 units, where as the public housing has 3,500 units. Doing the math, the public housing is costing $70k/unit to renovate, where as the condo costs $633k/unit to build.
"One example of outdated thinking is the FCC's cross-ownership rule that prevents people from owning, say, a television station and a newspaper in the same market. Many of these rules were written when competition was limited because of the huge up-front costs. If you are a newspaper today, your competition is not necessarily the TV station in the same city. It can be a Web site on the other side of the world, or even an icon on someone's cell phone."
Fucking bullshit artist.