{"id":790,"date":"2009-04-02T09:21:58","date_gmt":"2009-04-02T09:21:58","guid":{"rendered":"http:\/\/blog.beliefnet.com\/stevenwaldman\/2009\/04\/how-sub-prime-mortgages-kill-p.html"},"modified":"2009-04-02T09:21:58","modified_gmt":"2009-04-02T09:21:58","slug":"how-sub-prime-mortgages-kill-p","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2009\/04\/how-sub-prime-mortgages-kill-p.html","title":{"rendered":"How Sub-Prime Mortgages Kill People"},"content":{"rendered":"

From today’s Nick Kristof column:<\/a><\/p>\n

“According to World Bank estimates, the global economic crisis will cause an additional 22 children to die per hour, throughout all of 2009.
\nAnd that’s the best-case scenario. The World Bank says it’s possible the toll will be twice that: an additional 400,000 child deaths, or an extra child dying every 79 seconds.”<\/p><\/blockquote>\n

here’s how the trickle down effect works:<\/p>\n

“In a slum hospital, where admissions for malnutrition have doubled since September, I met a woman who used to sell shoes on the street. Shoe sales dropped with the sagging economy, so the woman was forced to use her sales revenue to buy food for her child instead of to replace inventory. Now she has no more merchandise to sell, no food to eat and the child she cradled was half dead with starvation.”<\/p><\/blockquote>\n

We have no concept of the moral consequences of our mistakes.<\/p>\n","protected":false},"excerpt":{"rendered":"

From today’s Nick Kristof column: “According to World Bank estimates, the global economic crisis will cause an additional 22 children to die per hour, throughout all of 2009. And that’s the best-case scenario. The World Bank says it’s possible the toll will be twice that: an additional 400,000 child deaths, or an extra child dying…<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHow Sub-Prime Mortgages Kill People - Steven Waldman<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/stevenwaldman\/2009\/04\/how-sub-prime-mortgages-kill-p.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Sub-Prime Mortgages Kill People - Steven Waldman\" \/>\n<meta property=\"og:description\" content=\"From today’s Nick Kristof column: “According to World Bank estimates, the global economic crisis will cause an additional 22 children to die per hour, throughout all of 2009. 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