US Shanty Towns
The BBC has a report on the shanty towns that are appearing outside Los Angeles because of the fall out in the credit market. One guy they interview says:
“I lost my home, settled my bills, sold it for nothing compared to what I bought it for and now I’m homeless.”
It’s got that painful look-what-the-world-is coming-to style BBC reporting but if you get over that, it’s a noteworthy development.