World-News

George DeMartino and Ilene Grabel, Triple Crisis: Detroit s demise was inevitable given that free trade and free financial flows were widened, without at the same time attending to basic labor and human rights and environmental protections.

http://www.truth-out.org/opinion/item/17969-fiscal-crises-coming-to-a-city-near-you



The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks

Ellen Brown, Web of Debt: The Detroit bankruptcy is looking suspiciously like the bail-in template that exploded on the scene in Cyprus in 2013 and is now becoming the model globally.

http://www.truth-out.org/news/item/17996-the-detroit-bail-in-template-fleecing-pensioners-to-save-the-banks



Detroit Residents on Bankruptcy: We Have No Democracy!

David Bacon, Truthout: More than half of Michigan s 1.4 million black residents now live under rule by unelected emergency managers whose consistent response to the 'emergencies' they are appointed to manage is to make things worse for the majority of the populace.

http://truth-out.org/news/item/18196-detroit-residents-on-bankruptcy-we-have-no-democracy



Pinching Pensions to Keep Wall Street Fat and Happy

Dean Baker, Truthout: Contracts that work to support the wealthy and powerful are backed by the law, however contracts between workers and employers, like the pensions for city workers in Detroit, seem to be mere suggestions.

http://www.truth-out.org/opinion/item/18395-pinching-pensions-to-keep-wall-street-fat-and-happy

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Six Reasons Another Financial Crisis Is Inevitable
http://www.commondreams.org/view/2013/09/16-2



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