Cottage with a catastrophic view (tags)
According to various forecasts, between 300,000 and 1.9 million coastal properties in the USA will be affected by "regular flooding" in the coming decades. By 2100, the city center of Miami and large parts of Miami-Dade County are likely to be permanently below sea level - along with real estate currently worth 400 billion US dollars.
China's further development has priority (tags)
The focus of Chinese policy remains the economic and social development of the country... Despite the enormous successes in economic and social development, there is still a long way to go before China catches up and can also keep up with the rich industrialized countries
Can state-capitalist China inherit the USA as hegemon? (tags)
China's growth is also running on credit, and the People's Republic is similarly highly indebted as the descending Western centers of the world system.10 The Chinese deficit economy is generating even far greater speculative excesses than was the case in the U.S. or Western Europe,
Rethinking the State and Rent Madness (tags)
The right to housing for everyone must be understood as a public challenge and presupposes the de-commodification of the housing supply, a democratization of urban policy, and breach with the real estate exploitation coalition.
Is China in danger of collapse? and Anti-economics and anti-politics (tags)
In the process of modernization, the relationship between market and state can be boiled down to the formula of a general law: the more market, the more state... The bloated market and the bloated state can only live or die together.
Numerous economists had predicted falling real estate prices and rental prices during the pandemic. But prices are rising. Once again, economists are surprised that reality does not want to follow their models... Central banks are squeezing even more money into the financial markets than ever before.
Crisis rent instead of debt trap (tags)
Store closings, event cancellations, slumping orders, short-time work and job losses, especially in precarious employment, have left many unable to afford their apartments or rented commercial space. Despite initial easing, there is no end in sight.
A Social Change is Overdue (tags)
Social rental housing construction which has been increasingly restricted since the 1980s must be resumed on a grand scale and rapidly promoted to offer low-income earners, single parents and large families a place to stay.
Against the Rent Madness and For a Nonprofit Orientation! (tags)
The Alternative Housing Summit on Sept 21 in Berlin discussed alternatives to the market-based housing policy. Exploding rents and lack of affordable housing are the most burning social questions. More market is not the solution! Housing for People, not for Profits!
Treasury Extends Anti-Money Laundering Luxury Real Estate Regulations (tags)
Treasury's Financial Crimes Enforcement Network (FinCEN) renewed requirements for title insurance companies to identify the real owners behind shell companies in six major metropolitan areas.
Founded in 1996, the Los Angeles Real Estate Investors Club is the oldest and largest investor group in southern California. The Club helps people invest in real estate by offering monthly meetings and seminars featuring education, networking, and deals.
The Financial Crisis in the Light of the Social Market Economy (tags)
In 2007 and 2008 the US housing market almost completely collapsed. The crisis was brought about by a combination of state- and market failures. Extensive deregulation and violation of the liability principle were jointly responsible.
IRELAND: 8OO YEAR POLITICAL STRUGGLE (tags)
On the 100th anniversary of the start of the Irish Revolution that freed most of the country from 800 years of British tyranny, the author's 1988 report about British terror tactics and peoples resistance in the small border city of Strabane.
What Killed Ted Gullicksen? (tags)
Almost four months have passed since Ted Gulliciksen died. Today we still don’t what killed him.
Hamas got rich as Gaza was plunged into poverty (tags)
With multi-million-dollar land deals, luxury villas and black market fuel from Egypt, Gaza's rulers made billions while the rest of the population struggled with 38-percent poverty and 40-percent unemployment.
Video: The long dark shadows of plutocracy - the NYC housing crisis (tags)
Housing as a human right is subverted by the right of speculation, said Arnold Kunzli, emeritus Swiss professor, in 1990. (http://portland.indymedia.org/en/2003/06/266635.shtml)
Similarities between U.S. "fiscal cliff" and poverty that led to French Revolution (tags)
The so called fiscal cliff games between establishment Republicans and Democrats is in reality a bipartisan operation against the people of the U.S. for the benefit of the corporatist class in the status quo. Many similarities between the financial elites and those with political clout marginalizing the poor both in modern U.S. and in France prior to the French Revolution;
Banks, Bankers and Banksters (tags)
An unrestrained speculative capitalism emerged out of investment capitalism. New financing instruments are invented. Risks are trivialized or glossed over to soothe the population. Boundless indebtedness becomes the norm. The new age led to immediate profit eclipsing investment.
An Expansion of Terms Used in the Coffee Party Article by RP (tags)
I apologize for the weak structure in this article. I was hoping to write something that explained some of the material in the story, but ended up going a bit afield with the information. This article attempts to be neutral and nonpartisan, or at least not shrill, and avoids too much analysis. The nature of the Great Recession is difficult to sum up in a few pages, because it's a failure of a complex system with many parts, and many related behaviors, that led to the near-collapse of capitalism.
Ruling on Behalf of Wall Street's "Super Rich": The Financial End Time has Arrived (tags)
"Alas, the Obama administration has backed the Geithner-Bernanke policy that “the economy” cannot recover without saving the debt overhead. The reality is that it is the debt overhead that is destroying the economy. So we are dealing with the irreconcilable fact that the Obama position threatens to lower living standards from 10% to 20% over the coming few years – making the United States look more like Greece, Ireland and Latvia than what was promised in the last presidential election. Something has to give politically if the economy is to change course. More to the point, what has to give is favoritism for Wall Street at the expense of the economy at large. What has made the U.S. economy uncompetitive is primarily the degree to which debt service has been built into the cost of living and doing business. Post-classical “junk economics” treats interest and fees as payment for the “service” for providing credit. But interest (like economic rent and monopoly price extraction) is a transfer payment to bankers with the privilege of credit creation. The beneficiaries of providing tax favoritism for debt are the super-rich at the top of the economic pyramid – the 2% whom Mr. Obama’s tax giveaway will benefit by over $700 billion. If the present direction of tax “reform” is not reversed, Mr. Obama will shed crocodile tears for the middle class as he sponsors the Deficit Reduction Commission’s program of cutting back Social Security and revenue sharing to save states and cities from defaulting on their pensions. One third of U.S. real estate already is reported to have sunk into negative equity, squeezing state and local tax collection, forcing a choice to be made between bankruptcy, debt default, or shifting the losses onto the shoulders of labor, off those of the wealthy creditor layer of the economy responsible for loading it down with debt."
The Neoliberal Experiment and Europe's anti-Austerity Strikes (tags)
"The neoliberals are fully in control of the bureaucracy, and they are reviving Margaret Thatcher's slogan, TINA: There Is No Alternative. But there is, of course. In the small Baltic economies, pro-labor parties have made it clear that the alternative to government shrinkage is to simply repeal the debts, withdraw from the Euro and break the banks. It is either the banks or labor - and Europe has just realized that this is truly a fight to the economic death. And the first test will come this Saturday, when Latvia holds its national parliamentary elections."
JERRY BROWN SHOULD JUST TELL ELITE MRS. WHITMAN ~ IT'S THE BUSH ELITE TAX CUTS MEG !!! (tags)
ARE CALIFORNIA MIDDLE~CLASS RESIDENTS WILLING 2 CONTINUE SUPPORTING OUR U.S. ELITE'S 2 TRILLION $$ BUSH TAX CUTS & PLANNED ESTATE TAX ABATEMENT ??
AFTER TAKING 750 BILLION $$ BAILOUT THEY NOW ARE ALSO DEMANDING 2 TRILLION $$ TAX CUTS ? (tags)
WOW ~ OUR AMERICAN WEALTHY ELITE REALLY MUST THINK OUR MIDDLE~CLASS AMERICANS CAN CONTINUE TO BE FOOLED AGAIN INTO BUYING INTO THEIR BILLIONAIRE MULTI~MILLIONAIRE ESTATE & PERSONAL TAX CUT WELFARE SCENE ??
U.S. SENATOR BLANCHE LINCOLN ONLY SHOPS TIFFANY'S !!! (tags)
~ WEALTHY ELITE AMERICANS DO NOT SHOP AT WALMART,THEY SHOP AND BUY IN THE PEOPLES U.S. CONGRESS ~
Philippines: Marcos Jr suffers selective amnesia - Akbayan Party (tags)
Ferdinand "Bongbong" Marcos Jr must be suffering from selective amnesia. In a recent TV show, he staunchly defended his father against charges of gross human rights violations given the fact that his father was never indicted for human rights.
Happy New Year, For Tenants Nothing's Changed! (tags)
Unfortunately, 2009 proved for many big-city tenants that the golden rule was promiscuously traded for gold. Why would 2010 be any different?
Tenants, Thugs and CDOs (tags)
A local tale of unmitigated greed and the criminal enterprise of one family to corner the residential real estate market in San Francisco led to the shady world of collateralized debt obligations and derivatives.
GIVE BACK HACIENDA LUISITA TO THE FILIPINO FARMERS! (tags)
The Philippine Peasant Support Network(PESANTE)-USA stands solidly with peasant organizations in the Philippines in their call: GIVE BACK THE HACIENDA LUISITA to the farmers! Pesante supports the call of former KMP chair PAeng Mariano . Anakpawis party-list Rep. Rafael Mariano said that Senator Noynoy Aquino’s statement that they will give up Hacienda Luisita is just ruse to further evade his duty to give the land to the farmers. He said the Aquino-Cojuangco family could just convert the estate into other uses (such as the Luisita Mall and the Luisita Industrial Park) to raise money and pay its debts, which do not comply with their obligations under the agrarian reform program. “For generations, the Cojuangcos have benefited greatly from the Hacienda and labor of the farmers. It’s time they give it away, selling it or converting it will only aggravate the problems,” said Mariano.
Landlordism in the Philippines :Hacienda Luisita as large as Makati and Pasig Cities combi (tags)
Pesante NEws reported today through a special report to the Inquirer Daily in the Philippines on a research that Hacienda Luisita is a 6,000-hectare property in Tarlac straddling Tarlac City and the towns of Concepcion and La Paz. It is as large as the cities of Makati (2,986 hectares) and Pasig (3,100 hectares) combined. Hacienda Luisita was originally part of the landholdings of the Compañia General de Tabacos de Filipinas, or Tabacalera. The estate was named after Luisa, wife of Don Antonio Lopez, who headed Tabacalera when it acquired the estate in 1882. It is now owned by the Aquino Family. Senator Benigno "Noynoy" Aquino is running for president this coming elections.
Capitalism is the Problem: System Error (tags)
The chaos that we now witness is only the latest crisis of the global economic system. The system has not succeeded in keeping profits at the level of the postwar years. What is good for one capitalist is not necessarily good for the system. Triple-digit billions have been pumped into system
Clueless at City Hall: Foreclosures and Tenants (tags)
Ordinances designed to protect tenants when a house enters foreclosure can have ramifications for the property owner, neighbors and taxpayer.
From Real Estate Speculation to Collapse of Global Deficit Economy (tags)
Joy to the world, the world of fallen idols and bubble transfer. The truth will set us free but the truth is a process, not a cudgel or stimulus. After the dot-com bubble, trillions were "invested" in real estate speculation. The crisis of the work society is the background for low interests.
BUSH-McCAIN, Losing Florida? (tags)
It is a pool of corruption that is lapping too close to the Bush family, from Watergate to the criminal drugs-for-arms in Central America, to the assassination of President Kennedy. Bush and McCain could lose Florida especially if the Democrats can uncover that pool...
Sickened by The Federal State of America Sickened by The Federal State of American Mass Media In this "Economic Crisis" I find it amazing that the simple truth is so "elusive": Truth is: People over-used credit on debt equity. - Now; with over-valued US real estate dropping like a bomb, this debt equity that has been "commercialized" on paper is worthless.
The problem is that a large part of US real estate financing, the "subprime" market for real estate credits to poor borrowers, functioned according to the model of a chain letter. Radical redistribution, nationally and internationally, is the command of the hour.
GREEDY U.S.Banks & Real Estate Cos."Created" this Financial Apocalypse!!! (tags)
In fact the "corruption and blatant greed" of big American banks and real estate companies precipitated today's financial crisis!
US Real Estate: From Goldmine To Money Pit (tags)
Mortgage Backed Securities and Derivatives are Flawed and Failing. The mortgage debt problem is simple really, it has been a total mis-appropriation of equity. The equity lost on flat screen TV's, boats, new cars, vacations, and other living expenses; is equity lost forever. This loss of equity spent on consumer goods and expenses is a pyramid scheme of hyper-capitalism that is flawed and failing. Equity not spent on the property the equity comes from, is equity lost forever, a mis-appropriation of funds, and inappropriate; it is a failing economic model.
Jail—Mortgage Lenders, brokers, Who Knowingly Sold or Made Fraudulent Home Loans (tags)
How can Americans possibly trust this Congress to protect $700 billion in Taxpayer Dollars that is needed to Restore US credit liquidity from being misappropriated?
The Homeless Move to Bushville. (tags)
This is what I have been watching the wires for, a report revealing the 21st. century Hooverville.
A cataclysmic financial storm is about to bring down U.S. economy (tags)
"This phenomenon is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited."
The problem is that a large part of US real estate financing, the so-called subprime market for real estate credits to poor borrowers, functioned according to the model of a chain letter. Radical redistribution, nationally and internationally, is the command of the hour.
The population has to get used to gas prices three times higher than four years ago. Rising energy- and food prices and the real estate crisis accelerate pauperization tendencies in the US.
Why Is Oil More Expensive? (tags)
The reason for the high price of oil is that specualtive capital after the eruption of the US real estate crisis in the summer of 2007 now wreaks its havoc in the oil- and other raw material sectors. Workers have a world to win whose contours can hardly be defined.
The greatest risks threaten through the crisis of the financial system, through further price increases for food, the sensitivity of global supply routes and the increasingly expensive sources of energy. 2008 could develop into a worldwide crisis year.
The Downhill Plunge Speeds Up (tags)
The state has a social nature and cannot only be power and security state. In crisis, we are all Keynesians. Taboo for a long time, the New Deal program slowly sounds promising again. The 1933 "Home Owners Loan Act" was created in the first 100 days of Roosevelt's presidency.
Attac Germany on the Subprime Crisis (tags)
The crisis can't be solved with a few surveillance cameras in the global casino. The party was quickily over when the real estate prices stopped soaring. Investors are often guided by a herd behavior. Sustainable economy should have a prioirity over short-term profits.
US court nixes RP ‘privilege’ over real estate tax debts (tags)
In a legal debacle for Manila, a United States federal court judge has ruled that the Philippines cannot invoke diplomatic privilege so that it would not be compelled to pay $19 million worth of unpaid real estate taxes to the New York City government. The New York City government scored a victory over real estate tax-delinquent states, including the Philippines, India and Mongolia, after US District Judge Jed Rakoff, in a written opinion, ruled in favor of the city. Rakoff’s ruling will force the three countries, which are renting out offices and business establishments housed in diplomatic buildings in New York, to settle their financial obligations to the city’s government. Reports said India owed the city $39.4 million including taxes, while Mongolia has to pay $4.2 million.
The Subprime Tsunami Reaches the EU (tags)
Subprime mortgage credits in the US should not have been issued. Nevertheless subprime credits were extended in the volume of $1.3 trillion. An avalanche of expropriation roars in the valley. The banking crisis spills over into the credit system in the real economy.
From The American's Bulletin--The War on the Vulnerable Through Our Courts
Questions to the Maestro Alan Greenspan (tags)
Listen to Thom Hartmann interview Alan Greenspan on Air America Monday Sept 24. Greenspan was responsible tor the credit problems that now shake the world finance markets. Did the maestro drastically lower interest rates to help the Bush administration?
On the "Wealth Creation" of the Financial Sector (tags)
My counter-thesis is that a huge waste of economic resources occurs in the area of financial services. Competitive games, the worldwide casino and the invention of securities bundling rotten mortgages are not productive achievements of the capital market.
Real Estate Crisis in the US (tags)
Credit failures in the real estate business threaten the whole payment system between banks, private businesses and households handled through short-term credits..The US real estate crisis affects other economic sectors and countries and cal also lead to a shift in class relations.
Billions Dissolve in Thin Air (tags)
While the political class practices faith healing, all the participants know the end is coming when more speculative bubbles burst. The popular dogma that financial markets and the world economy are more efficient when deregulated and liberalized is over.
Your house at zero cost (tags)
Today there are many people speculating in real estate as they did in the stock market. Buy something and wait for the market to go up and then sell.
US Locomotive Losing Steam (tags)
In 2006 after the crash of the New Economy boom, we are again witnessing irrational excess in the credit system and in the prices of assets and property titles.
Balibo Murderer Implicates Indonesian Government (tags)
Yunus Yosfiah, former Indonesian government minister and commander of Kopassus, the elite government sanctioned hit squad functioning as part of the Indonesian military, has been formally identified by an eyewitness as the person who initiated the cold-blooded murder of five Australian journalists in East Timor in 1975. Not mentioned in recent reports is the exact order Yosfiah issued to his troops. Indonesian troops were extremely reluctant to fire on five unarmed Australian non-combatants, who had openly surrendered. [Then] Captain Yunus Yosfiah, issued the murderous order, “don’t think, just shoot”, before he commenced firing on the unarmed Australian journalists!
Measure H is Not a Magic Bullet (tags)
If I could wave my magic wand, Proposition H—the billion-dollar “affordable” housing bond measure--would disappear from the November 7th stage, and the Prop H supporters would be revealed as illusionists.
Privatizers reach for our public lands (tags)
Proposed "mining" law would open public lands to real estate developers at bargain-basement prices.
This show will outline why reparations should and must be paid to the descendants of America's African slaves.
Politics and real estate: Industry no longer Republican domain (tags)
Democratic-leaning real estate professionals tend to be community-minded and interested in education, traditional Democrat issues. And because most real estate agents are independent contractors, they're also concerned about rising healthcare costs.
CBC the fifth estate: "Conspiracy Theories" (9/11) DOC VIDEO (tags)
a canadian public TV documentary exposes links between the bushes, the bin ladens, and the saudi monarchy -- now available for download!
Taxes, taxes, taxes: High on the Bush agenda (tags)
It has been written that the more things change, the more they are the same. And that certainly holds true when it comes to battles over taxes. True, the powdered wigs of James Madison’s time are gone. And yes, George Bush has replaced "Teddy" Roosevelt. But the issues are the same – who pays and how much.
Bush Daddy Looks Under His Skirt (tags)
Why that's proud John Dryden!
The Real Stock Market Victims (tags)
The Real Story About Who Will Pay For The Latest Stock Market Tank.
Bush, Bath and Bin Laden, by J.H. Hatfield (r.i.p.) (tags)
Deceased Bush biographer provides a more specific and succinct account of the dealings between Bush, BCCI investor James R. Bath and the Bin Laden family, which, as NPR reported today, were evacuated recently from their Texas estate. Hatfield's text is available from Soft Skull Press. Texas estate.
According to rumor(first heard Friday, Sept. 14,) Donald Trump and other real estate moguls allegedly are ALREADY discussing plans to erect ANOTHER TOWER on the site of the former WTC. As the world continues to mourn the 10,000+ dead, these CROOKS can only think of $$$$!! I wander if its design resembles one posted here on the same day?!?!
BILLIONAIIRES APPLAUD BUY-PARTISAN TAX BREAK FOR THE RICH (tags)
As the Senate debates the $1.35 trillion tax cut package, Billionaires for Unlimited Inheritance, a coalition of the mega-rich, are urging the Senate to pass the measure without delay. They are particularly pleased that the legislation on the floor will abolish the estate tax, thus helping them to keep vast wealth accumulating within their families for generations.