Vatican seeks new revenue streams--on the backs of the poor.THE VATICAN HAS DECIDED to convert properties historically reserved for low-rent low-rent adj. Informal 1. Having inexpensive rent: a low-rent apartment. 2. Of low social status or moral character: "Steve Buscemi ... accommodations for Rome's poor and elderly population into hotels and commercial properties. Many residents who had been told that they would have fixed rent for the rest of their lives have now received eviction notices eviction notice n → orden f de desahucio or desalojo (LAM) eviction notice n → préavis m , while others are trying to manage rent that has nearly tripled. One palazzo pa·laz·zo n. pl. pa·laz·zi or pa·laz·zos A large splendid residence or public building, such as a palace or museum. [Italian, from Latin Pal was converted into a five-star hotel that charges $550 a night after the residents, all over the age of 70, were turned out. The Vatican owns a quarter of the buildings in central Rome and has been able to keep prices low because much of the property was donated do·nate v. do·nat·ed, do·nat·ing, do·nates v.tr. To present as a gift to a fund or cause; contribute. v.intr. To make a contribution to a fund or cause. and the buildings are not subject to any council tax and receive a 50 percent discount on corporation tax. |
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