Mark Schuller
North American Congress on Latin America (NACLA)
Last Tuesday marked the 100th anniversary of the commencement of the U.S. occupation of Haiti. On July 28, 1915, U.S. Marines landed on the shores of Haiti and occupied the country for 19 years. A century later, the United Nations' "stabilization mission" in Haiti continues to compromise the nation's political and economic sovereignty. UN troops have now been patrolling the country for 11 years, in what some have characterized as a “humanitarian occupation.”
California cities are being victimized by the latest iteration of Wall Street predation—the purchase in bulk of distressed single-family mortgages and foreclosed homes, so-called Real Estate Owned (REOs) properties—with the intent to rent them. Through this REO to Rental process, investors are muscling out first time homebuyers, displacing tenants, outbidding nonprofit affordable housing developers, and changing the demographics of whole communities.
Responding to the July 20 bombing in Suruç, Turkey ended its standoff with the Islamic State (Isis), and attacked Isis positions in Syria. Then, apparently with U.S. acquiescence, Turkey launched air strikes against Kurdistan Workers Party (PKK) bases in Iraq and Syria, ending a two-year ceasefire. Many believe Turkey’s targeting of Isis is only a pretext for its efforts to suppress the PKK, and the Kurdish national movements in Turkey, Iraq, and Syria.
Billionaire “vulture funds” managers have called on Puerto Rico to increase taxes, sell $4 billion worth of public buildings and drastically cut public spending, particularly on education, in order to pay the debt they have purchased. These “distressed debt” specialists hired former International Monetary Fund (IMF) economists to produce a “typically IMF recipe for radical austerity”, rejecting any attempts to restructure the poor island nation’s $72 billion debt.
On Tuesday Madrid’s newly elected mayor, Manuela Carmena, overturned the eviction orders for 70 families living in social housing and safeguarded more than 2,000 similar rental contracts. The move is the latest by the administration of Manuela Carmena, a former Communist, to protect housing in a country where tens of thousands of families have lost their homes. Over 50,000 mortgage holders were evicted in 2013 and 2014 in Spain.
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