World-News

https://www.lewrockwell.com/north/north785.html



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Independent Institute
by Robert Higgs

11/22/09

A sensible person, surveying all of this wreakage and pondering how such a debacle might be avoided in the future, certainly would have concluded that the government should cease and desist from artifically spurring the real estate market by subverting traditional underwriting standards for mortgage loans. Those standards include, for example, a substantial down payment, usually 20 percent, and well-documented sources of income sufficient to permit the buyer to service the loan, usually a steady job or substantial assets. During the crisis since mid-2008, however, the government has not done what a sensible person would have concluded it should do. Indeed, it has done the opposite...

https://www.independent.org/blog/?p=4069


Informant: Thomas L. Knapp



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https://www.lewrockwell.com/akers/akers113.html



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https://www.lewrockwell.com/orig6/anderson-r5.1.1.html

On the real nature of the military
https://www.lewrockwell.com/cooper/cooper25.1.html



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Joblessness rose in 29 states last month compared with 22 in September, the agency said in a monthly state breakdown. Michigan had the highest jobless rate at 15.1 percent, followed by Nevada at 13 percent and Rhode Island at 12.9 percent.

https://www.nytimes.com/2009/11/21/business/economy/21jobless.html



California Was Among States With Record Unemployment
https://www.bloomberg.com/apps/news?pid=20601087&sid=aQsHAD0w1egE



The worst is yet to come: Unemployed Americans should hunker down for more job losses

Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

https://snipurl.com/tdce6



Shareholders demand Goldman bonuses

Investment bank under fire again as investors protest at record bonuses of $717,000 each.

https://www.guardian.co.uk/business/2009/nov/20/goldman-sachs-bonus-shareholder-row


From Information Clearing House



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Britain knew that American agents were using barbaric torture techniques on terror suspects, including British resident Binyam Mohamed, it emerged yesterday. Secret reports sent between MI5 and the CIA in 2002 reveal that the American security services were using torture practices which included waterboarding, facial slaps and stress positions.

https://snipurl.com/tdcc2


From Information Clearing House



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By Paul Harris in Dayton, Ohio

In the Midwestern heartland, police are encountering a new social evil: trafficking, often involving women and children who are forced to work as prostitutes or unpaid labour; and the outcomes can be brutal.

https://www.informationclearinghouse.info/article24036.htm



Slavery in US Prisons

Video Interview with Robert King & Terry Kupers

An 18,000-acre former slave plantation in rural Louisiana, the infamous Louisiana State Penitentiary at Angola is the largest prison in the U.S. Today, with African Americans composing over 75% of Angola's 5,108 prisoners, prison guards known as "free men," a forced 40-hour workweek, and four cents an hour as minimum wage, the resemblance to antebellum U.S. slavery is striking.

https://www.informationclearinghouse.info/article24521.htm



Modern Slavery

By Katrina vanden Heuvel

Slavery still exists in America, and too many consumers and leaders in the food industry simply turn a blind eye.

https://www.informationclearinghouse.info/article25102.htm



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By Bill Van Auken

That the US debt is unsustainable is beyond question. According to the Treasury Department, Washington was compelled to pay $383 billion over the course of the last fiscal year just in interest on the public debt. Given that total revenues from individual federal income taxes amount to $904 billion, 40 cents out of every dollar paid by US taxpayers is going to service the debt.

https://www.informationclearinghouse.info/article24029.htm



Economic Meltdown -- A Call for Systemic Change

By John Perkins

We have been hoodwinked into believing that a mutant form of capitalism espoused by Milton Friedman and promoted by President Reagan and every president since - one that has resulted in a world where less than 5% of us (in the United States) consume more than 25% of the resources and nearly half the rest live in poverty - is acceptable.

https://www.informationclearinghouse.info/article24027.htm



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Die Delinquenzrate bei US-Hypothekarkrediten hat mit 9,94 Prozent einen neuen Rekordstand erreicht.

https://www.heise.de/tp/blogs/8/146591