Gerry Canavan

the smartest kid on earth

Cleveland vs. the Recession

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Across America, recession-fueled foreclosures and plummeting home values have left countless properties abandoned and vulnerable to looting. As Scott Pelley reports, the problem has gotten so bad in Cleveland, Ohio, that county officials have demolished more than 1,000 homes this year – and plan to demolish 20,000 more – rather than let the blight spread and render nearby homes worthless.

Written by gerrycanavan

December 19, 2011 at 11:03 am

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