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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 17, 1969
Page
9
Life insurance firms recount backing a $1 billion effort to address inner city problems through housing investment and employment projects. They challenge myths that governments or big business alone can fix urban decline, noting that real progress requires direct involvement and shared responsibility.
The text describes a billion-dollar urban investment program by life insurance companies aimed at funding homes, businesses, and services in inner cities. It argues against myths about city poor, showcases constructive urban leaders, and announces a second billion dollars plus a booklet titled The cities your challenge, too to broaden public involvement.
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