This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Atlantic City's Poor Endure Storm Quietly, Humbly

WAYNE PARRY

ATLANTIC CITY, N.J. (AP) â¿¿ Atlantic City's poorest residents had next to nothing going into the storm, and they came out of it with even less.

In the shadow of multibillion-dollar casinos that now boast of having come through Superstorm Sandy just fine, urging gamblers to return with their wallets, many of the seaside gambling resort's least fortunate endure hardship with quiet resignation â¿¿ even gratitude for the help they're getting.

Some lost heat, hot water or electricity for days, weeks. They lost many of their meager possessions, their food, and most of their clothes. But instead of complaining about what they don't have, many say they feel blessed for what remains.

Lonzie Tolbert's basement took on 6 feet of water, ruining his furnace. He has no heat, so he burns small pieces of wood and scraps of paper in a fireplace to try to keep warm. He has no hot water, so he tries to heat some in a kettle near the fireplace.

"You do the best you can with what you have," said the 84-year-old Tolbert, sunning himself on a 66-degree afternoon outside his home three blocks from Revel, a $2.4 billion casino resort. "I can't complain and I'm not hollerin'."

Life was tough for many Atlantic City residents even before the storm hit Oct. 29. One in four Atlantic City residents lives in poverty, according to Census figures, a rate that has remained unchanged since 1970. That's well above the national rate.

When an emergency shelter at the Atlantic City Convention Center closed over the weekend, 100 people were still there and had to be moved to hotels, the Atlantic City Rescue Mission, or to the homes of friends. And about 20 percent of the apartments at Stanley Holmes Village, a 443-unit low-income public housing project, remain uninhabitable since the storm.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs