Global Geopolitics Net Sites / IPS By Dino Cappelli PUEBLO BARCELÓ, Uruguay, Nov 8 (IPS) – “If it weren’t for the Mevir housing project, this would be a ghost town,” says the local shopkeeper who supplies the basic needs of the families living in this remote hamlet in the middle of nowhere in the South [...]
Low Road to High Finance: McClatchy Expose Reveals How Goldman Sachs Sold Off Billions in Mortgage Securities After Anticipating Housing Collapse
November 4, 2009 By
Democracy Now! November 4, 2009 A five-month investigation by McClatchy Newspapers has revealed that Goldman Sachs made secret bets against the housing market while simultaneously selling off billions in soon-to-be worthless securities. In 2006 and 2007, the bank reportedly peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but [...]
RIGHTS-US: U.N. Investigator Probes Housing Crisis
November 4, 2009 By
Global Geopolitics Net Sites / IPS Haider Rizvi UNITED NATIONS, Nov 4 (IPS) – The U.N. body responsible for monitoring human rights violations is investigating why hundreds of thousands – and possibly millions – of people in the United States are condemned to live on the streets. Last month, the U.N. Geneva-based Human Rights Council [...]
U.S.: Cities Use Inclusionary Zoning as Housing Costs Climb
October 27, 2009 By
Global Geopolitics Net Sites / IPS Matthew Cardinale ATLANTA, Georgia, Oct 27 (IPS) – With most U.S. cities facing a severe shortage of affordable housing, more and more are beginning to turn to so-called inclusionary zoning (IZ). As a type of land-use regulation, IZ may sound a bit obscure; however, the idea behind it is [...]
