Gentrification, wikipedia

Gentrification is a shift in an urban community toward wealthier residents and/or businesses and increasing property values.[1] Gentrification is typically the result of investment in a community by local government, community activists, or business groups, and can often spur economic development, attract business, and lower crime rates. In addition to these potential benefits, gentrification can lead to population migration, which involves poorer residents being displaced by wealthier newcomers. In a community undergoing gentrification, the average income increases and average family size decreases. Poorer pre-gentrification residents who are unable to pay increased rents or property taxes[dubious ] may be driven out. Often old industrial buildings are converted to residences and shops. Origin and etymology[edit] Gentrification is a multi-faceted phenomenon that can be defined in different ways.[5] Causes[edit] The community-network approach is the fourth proposed by London and Palen.

John Oliver reams wealthy, entitled ‘dweebs’ at tech awards show: ‘F*ck you, straight away’ By David FergusonWednesday, February 12, 2014 9:39 EDT “Daily Show” alumnus John Oliver emceed the annual “Crunchie” awards on Tuesday night, but was apparently not feeling any great love toward the assembled crowd of tech industry elites. “F*ck you, straight away,” he said by way of greeting as he took the stage. “It is once again an honor,” he continued, “to be in a room with such an illustrious group of high-functioning nerds. Thank you for having me, dweebs.” He went on the ridicule the sense of entitlement that is coming to be associated with Silicon Valley’s millionaire culture and the way those who benefit from the tech boom are contemptuous of people poorer and worse off than themselves. Perhaps, he said, San Francisco’s notorious Google buses — which ferry employees back and forth to work but not regular citizens — should tint their windows from the inside so that the riders aren’t troubled by the sight of “peasants” during their daily commute. David Ferguson