A recap of this week’s equity.

“No Lunch Left Behind,” - The New York Times

THIS new era of government bailouts and widespread concern over wasteful spending offers an opportunity to take a hard look at the National School Lunch Program. Launched in 1946 as a public safety net, it has turned out to be a poor investment. It should be redesigned to make our children healthier.

Under the program, the United States Department of Agriculture gives public schools cash for every meal they serve — $2.57 for a free lunch, $2.17 for a reduced-price lunch and 24 cents for a paid lunch. In 2007, the program cost around $9 billion, a figure widely acknowledged as inadequate to cover food costs. But what most people don’t realize is that very little of this money even goes toward food. Schools have to use it to pay for everything from custodial services to heating in the cafeteria.

 ”EPA moving toward regulation of greenhouse gases,” - Los Angeles Times

Washington — Environmental Protection Agency administrator Lisa Jackson says the agency is moving toward regulating the gases blamed for global warming.

In an interview on Tuesday with the Associated Press, Jackson said the agency would decide whether greenhouse gases are a danger to human health and welfare, the legal trigger for regulation under federal law.

“White House Urban Affairs Chief Picked;
Bronx Borough President Lays Out Vision for New Policy Office ,” - Washington Post

NEW YORK, Feb. 19 — Bronx Borough President Adolfo Carrión Jr., who was named Thursday to direct the new White House Office of Urban Affairs, said he wants cities to become economic centers that can pull the country out of a recession and improve American competitiveness in a global market.

Carrión said he would help coordinate urban policy in traditional areas such as education, health care and public safety. But he also said he would look to develop urban neighborhoods in environmentally thoughtful ways, such as by offering incentives for companies to locate in densely populated areas and improving mass transit.

A recap of the week’s equity news

 ”Report: Road Home falls short,” - The Times-Picayune

Most storm-beleaguered Louisiana homeowners did not receive enough Road Home money to completely rebuild their homes, and limited recovery dollars will only help replace a portion of the state’s damaged rental units, according to a report to be released today.

The group PolicyLink produced the report, called “A Long Way Home: The State of Housing Recovery in Louisiana 2008,” after analyzing three major federally funded housing-recovery programs: the Road Home and the state’s small and large rental-repair programs. Researchers concluded that “enormous obstacles” blocked the recovery for homeowners, most of whom faced shortfalls to rebuild, and renters, who cannot find moderately priced places to rent.

“More families requesting free or reduced lunch,” - USA TODAY

The troubled economy may be prompting more families to turn to federal school nutrition programs that aid poor children, a survey suggests.

For the first time since 2004, a majority of cafeteria operators say the number of children getting free or reduced-price lunches has risen.

“Can NY infrastructure handle floods, intense heat?,”  - Associated Press

NEW YORK (AP) — Flooded subways. Bridges deteriorating in the hot sun. Rising seas nipping at the edges of Manhattan. Those scenarios are up for review by a panel of scientists, government officials and private sector representatives studying how the city’s infrastructure will hold up to climate change.

The Climate Change Adaptation Task Force met Tuesday for the first time as part of Mayor Michael Bloomberg’s plan to address global warming in New York City, which already includes orders to switch the city’s taxi fleet to hybrids by 2012 and to retrofit city buildings to meet greener standards.