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Poorer African American residents were forced out of their neighbourhoods and into slum housing in the city's already crowded southeastern sector.
"I know from my own work just how crowded the sector is and how difficult it can be for smaller charities," she told guests.
The Dutch-Belgian financial services group Fortis said the Hong Kong arm of China's biggest lender will pay $276.5 million in cash and stock to buy most of its banking operations in Hong Kong, accelerating consolidation of the city's crowded banking sector.
The funding is notable giving the crunch affecting startups' ability to raise – especially in the crowded cybersecurity sector, which was cited earlier this year as seeing a funding "drought".
There are also start-ups in the crowd-sourcing sector, such as Egyptian company Bassita ("simple" in Arabic), which found an innovative way to raise money to provide access to clean drinking water for more than a thousand households.
First, that the need to divert savings into buying public-sector debt will "crowd out" private-sector investment.
There will be objections that it is unaffordable, that a debt is being created for future generations and that the borrowing will crowd out private sector activity.
warned on Jan . 26that rising sovereign debt "could crowd out private sector credit growth, gradually raising interest rates for private borrowers and putting a drag on the economic recovery".
By pledging discipline, the government aims to convince the markets that it will have no difficulty managing its debt, that its borrowing will not crowd the private sector out of the market for finance, and that interest rates can continue falling.
Conservatives fear increased government spending will "crowd out" private sector investment.
