The current economic crisis in Europe can be compared to a couple in a street building a three storey mansion in a street made up of one storey dwellings and then forcing the residents of the one storey dwellings to stop paying their electricity and gas bills to meet the mortgage repayments of the couple who built the three storey mansion.
Article by Joe Toscano
Amid a European and global economic crisis, governments are still letting markets get away with little regulation, big bonuses and dubious financial instruments that are distorting financial stability for short-term gain and putting enormous pressure on people to pick up the manufactured debts
Author John Ralston Saul is in town for the Sydney Writers Festival and will be speaking at the Sydney Town Hall this evening at 6pm. Bookings can be made through the Sydney Writers' Festival 2010 website.
Saturday 31 October 2009
by Ellen Hodgson Brown J.D.
Originally published on truthout.
Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many Americans find themselves in.
The French News reports that in the United States more and more people are out of work. A sign of this is the number of people who cannot access medical and hospital treatment.
When North Americans lose their work, they usually lose their health insurance.
This article comes from the background research for the Freewaves Feminist Magazine Show on 3RPP Radio Port Phillip, Victoria, Thursday, 20 August 2009.
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