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Toronto annual cost of poverty more than $4.4B: Report

Toronto annual cost of poverty more than $4.4B: Report

India Blooms News Service | | 28 Nov 2016, 11:23 pm
Toronto, Nov. 28 (IBNS): Toronto's new report released Monday by the non-profit group Social Planning stated that poverty costs Toronto city between $4.4 and $5.5 billion a year.

These numbers are based on estimates and combine Toronto’s costs of poverty in the justice system, the health system and tax revenues.

“With this report, Toronto leads the way in estimating the cost of poverty for a Canadian city,” the report said. “This estimate is largely comparable, with the exception of intergenerational costs, with estimates of the cost of poverty in Ontario at $32 to $38 billion and for Canada at $72 to $85 billion.”

The estimated poverty costs are the result of Toronto’s 2.6 per cent budget cut for all city departments.

$730 million is lost annually in health costs due to poverty and $436 million from crime, says the report.

“Everyone in a society is better off economically when no one lives in poverty. The effects of a poverty reduction strategy will occur over time, and returns on our investments may take time to come to fruition. That underlines the importance of starting now,” the report stated.

A study earlier this month revealed that among major cities in Canada, Toronto has highest percentage of children living in low-income families.

A 2016 Toronto Vital Signs Report released this year, also rendered a desolate picture of Toronto’s child poverty by labeling it a “hidden epidemic.”

According to the estimates of Canadian studies 20 to 25 percent of children who grow up in poverty are expected to remain poor.

Nearly 144,000 children in Toronto are living in poverty at present which means between 28,800 and 36,000 children will remain poor, the report said.

 

(Reported by Asha Bajaj)

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Erdogan's Turkey turns Hagia Sophia into a mosque again; UNESCO regrets #HagiaSophia, #Turkey, #Istanbul, #HagiaSophiaMosqueAgain Istanbul/IBNS: Hagia Sophia, Turkey's iconic monument, a UNESCO World Heritage and one of the central attractions of its capital Istanbul, is no longer a museum. It has been turned back as a mosque though some 1500 years ago it was built as an Orthodox Christian cathedral. Hagia Sophia was converted into a mosque during the Ottoman time in 1453 while under Ataturk it was turned into a museum in 1935. The decision comes amid a growing rise of the Islamists in Turkey who had been demanding that it be restored as a mosque though Opposition leaders with secular credentials had been against the move. A top court in Turkey ruled that turning it into a museum in 1935 by modern Turkey's secular architect Mustafa Kemal Ataturk was illegal, paving the way for present Turkey president Recep Tayyip Erdogan to declare it as a mosque again and to open it for Muslim prayers. Erdogan made the announcement an hour after the court ruled the conversion to museum in 1935 as illegal and scrapped its status. "May it be beneficial," posted Erdogan on Twitter, sharing an official document on the change with his signature. UNESCO regrets In an immediate reaction, UNESCO said it "deeply regrets" the decision. UNESCO said it was "regrettable that the Turkish decision was not the subject of dialog nor notification beforehand". "UNESCO calls on the Turkish authorities to open a dialog without delay in order to avoid a step back from the universal value of this exceptional heritage whose preservation will be reviewed by the World Heritage Committee in its next session," the United Nation's cultural body said in a statement. Istanbul icon of beauty and wonderment According to Turkey's official tourism website, Hagia Sophia is a remarkable achievement in the history of architecture. and a living proof of mankind's revolt against the laws of physics and it calls it a monument whose importance transcends borders. It is one of UNESCO's World Cultural Heritage sites attracting millions of visitors across the world with its majestic grandeur

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Erdogan's Turkey turns Hagia Sophia into a mosque again 11 Jul 2020, 01:37 pm