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The Great Eviction: Wall Street’s Creative Destruction

Source: The Nation

We cautiously ascend the staircase, the pitch black of the boarded-up house pierced only by my companion’s tiny circle of light. At the top of the landing, the flashlight beam dances in a corner as Quafin, who offered only her first name, points out the furnace. She is giddy; this house—unlike most of the other bank-owned buildings on the block—isn’t completely uninhabitable.

It had been vacated, sealed and winterized in June 2010, according to a notice on the wall posted by BAC Field Services Corporation, a division of Bank of America. It warned: “entry by unauthorized persons is strictly prohibited.” But Bank of America has clearly forgotten about the house and its requirement to provide the “maintenance and security” that would ensure the property could soon be reoccupied. The basement door is ajar, the plumbing has been torn out of the walls and the carpet is stained with water. The last family to live here bought the home for $175,000 in 2002; eight years later, the bank claimed an improbable $286,100 in past-due balances and repossessed it. read more

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Mankind: Death by Corporation

Source: Truthout

The word “corporation,” derived from the Latin corporare, means to physically embody. In his History of the Corporation, Bruce Brown notes how in the first thousand years after the fall of the Roman Empire, “the world’s most powerful corporations were all trying to embody the Christian God.” In 1534, Saint Thomas More spoke of Jesus Christ as the ultimate corporation. “He [Jesus] doth . . . incorporate all christen folke and hys owne bodye together in one corporacyon mistical.” read more

What the Empire Didn’t Hear: US Spying and Resistance in Latin America

US imperialism spreads across Latin America through military bases and trade deals, corporate exploitation and debt. It also relies on a vast communications surveillance network, the recent uncovering of which laid bare Washington’s reach into the region’s streets and halls of power. Yet more than McDonald’s and bullets, an empire depends on fear, and fear of the empire is lacking these days in Latin America.