Warm up by watching the above, then read the latest from Michael Hudson, who is writing up a storm on the inside motivations to banksters bailouts world-wide. Michael Hudson as published on Global Research Banking shares began to plunge Friday morning after Senator Dodd, the Connecticut Democrat who is chairman of the banking committee, said in an interview with Bloomberg … Read More
Predators circle bushfire victims in cheap land bid
photo credit: raindog Disgusted real estate agents are fielding calls from predators seeking cheap “scorched land for sale”. Greedy landlords also have been caught trying to rent overpriced rooms to survivors who have lost everything. One wanted $400 a week for a house worth $200. We certainly are not surprised. With thousands of empty houses lying in waiting throughout Melbourne, … Read More
The Madness of Garbage Island
Chemical Bisphenal A beware!
Mirvac: Land is for Hocking, Not Housing
photo credit: lrargerich Karl Fitzgerald as published in Crikey 20/02/09 Mirvac yesterday admitted what many affordability watchers know. The housing market is manipulated to suit shareholders over householders. Due to the fear that an $81.4m half yearly operating profit is insufficient, first home buyers will have to pay higher land and housing prices to support Mirvac’s Executive Incentive Scheme. Mirvac … Read More
Hudson on Obama’s Banking Bailout
Watch Michael Hudson blister Obama and his economic advisors on Democracy Now. Digest the hard hitting statements then read Hudson’s Counterpunch piece: Trying to Revive the Bubble Economy: Obama’s Awful Financial Recovery Plan By Michael Hudson Martin Wolf started off his Financial Times column for February 11 with the bold question: “Has Barack Obama’s presidency already failed?” The stock market … Read More