Volume 44, Number 13 · August 14, 1997
Inside the Billway
By Louis Menand
Locked in the Cabinet
by Robert B. Reich
Knopf, 338 pp., $25.00
Whatever It Takes: The Real Struggle for Political Power in America
by Elizabeth Drew
Viking, 294 pp., $24.95
Trail Fever: Spin Doctors, Rented Strangers, Thumb Wrestlers, Toe Suckers, Grizzly Bears, and Other Creatures on the Road to the White House
by Michael Lewis
Knopf, 299 pp., $25.00
In a speech in San Francisco last month, President Clinton announced three new urban initiatives. First, the Department of Housing and Urban Development will offer a 50 percent discount to police officers who buy homes owned by the department in neighborhoods they patrol. The program is designed to reach one thousand police officers. It will last one year. The second is a reduction in the points on Federal Housing Administration mortgages, from 1.75 percent to 1.5 percent, for first-time home buyers in inner cities. This program is expected to save twenty thousand eligible buyers about $200 each in closing costs. The third initiative is a demonstration program that will allow up to two thousand families to use federal rent subsidy money to buy their own homes.
Review, 5394 words
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