---------- Forwarded message ---------- Date: Sun, 12 Oct 1997 17:48:23 +0000 From: Robert Campbell <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Cc: [EMAIL PROTECTED] Subject: Top Ten Censored: 7-10 Cashing in on Poverty, Big Bro., Food Sca CASHING IN ON POVERTY Sources: THE NATION* Date: 5/20/96 Title: "Cashing in on Poverty" Author: Michael Hudson THE HOUSTON CHRONICLE* Date: 7/15/96 Title: "Bordering on scandal what some pay for credit" Author: Michael Hudson * excerpted from the book, "Merchants of Misery: How Corporate America Profits From Poverty," Edited by Michael Hudson (Common Courage Press, 1996). Corporate America is in the poverty business and making huge profits from the destitute in the United States. Sixty million poor people without bank accounts or access to competitive-rate loans must instead use pawn shops, check-cashing outlets, rent-to-own stores, finance companies and high-interest mortgage lenders. These businesses generate yearly revenues of $200 to $300 billion and are increasingly owned or subsidized by Wall Street giants such as American Express, Bank America, Citibank, Ford, NationsBank, and Western Union. While affluent credit card holders can pay as little as six to eight percent annual interest, low-income people are paying as much as 240% for a loan from a pawnbroker, 300% for a finance company loan, and even an amazing 2,000% for a fast OpaydayO loan from a check-cashing outlet. Large corporations use sophisticated marketing strategies to lure in new customers and increase their business. The overall number of check-cashing outlets in this country has nearly tripled to 5,500 since the late 1980s, and rent-to-own stores have skyrocketed from 2,000 to 7,500 in the same period. With a typical loan rate of 200%, Cash AmericaOs chain of pawn shops has quickly grown to 325 in the United States and expanded abroad with thirty-four outlets in the United Kingdom and ten in Sweden. The main investor in AmericaOs $4.5 billion rent-to-own market is Thorn EMI PLC, a British conglomerate. American Express finances ACE Cash Express, a national chain of 630 check-cashing outlets. Charges average three to six percent of each checkOs value. Cash America, the countryOs largest chain of pawnshops, is bankrolled by NationsBank and traded on the New York Stock Exchange. Even though many of us think of Ford Motor Corporation in terms of its automobile sales, their Fortune 500 status has actually been achieved through financial services holdings. In 1993, three-fifths of FordOs earnings came from car loans, mortgages and consumer loans. Associates Corporation of North America is a Ford subsidiary targeting low-income, blue-collar and minority consumers. In 1994, it financed $18.5 billion in mortgages and consumer loans and earned just under $1 billion in pre-tax profits. Stock analysts estimate that used-car loans for people with shaky credit now top $60 billion a year. Non-bank finance companies like Ford and defense contractor Textron make small loans at rates as high as 300% in some states. Along with astronomically high charges, many low-income consumers are also victimized by additional hidden fees, forged loan documents, and harassing collection tactics. And unless there is increased government protection for the destitute or a growth in alternative non-profit financial institutions, big business will continue to expand these practices. SSU Censored Researchers: Jody Howard Anne Shea 8 BIG BROTHER GOES HIGH-TECH Sources: COVERT ACTION QUARTERLY Date: Spring 1996 Title: "Big Brother Goes High-Tech" Author: David Banisar INSIGHT Date: 8/19/96 Title: "Access, Privacy and Power" Authors: Michael Rust and Susan Crabtree Date: 9/9/96 Title: "New Surveillance Camera Cheers Police, Worries ACLU"* Author: Joyce Price (*Reprint from Washington Times) George Orwell's prediction concerning government surveillance in his science fiction novel 1984 is rapidly becoming reality in the "free world." Information on individuals in the developed world can now be obtained by governments and corporations using new surveillance, identification, and networking technologies. These new technologies are rapidly facilitating the mass and routine surveillance of large segments of the population--without the need for warrants and formal investigations. In Britain, nearly all public areas are monitored by over 150,000 closed-circuit television cameras (CCTV). Equipped with a powerful zoom lens, each camera can read the wording on a cigarette packet at 100 yards. These cameras can track individuals wherever they go--even into buildings. In the U.S., Baltimore announced plans to put 200 cameras in the city center. The FBI has also developed miniaturized CCTV units it can put in a "lamp, clock, radio, duffel bag, purse, picture frame, utility pole, coin telephone, and other [objects]" and then control remotely to "pan, tilt, zoom, and focus." Another type of surveillance camera currently in development boasts the equivalent of X-ray vision, and can penetrate clothing to "see" concealed weapons, plastic explosives or drugs. Known as the passive millimeter wave imager, it can also see through walls and detect activity. And while neither is expected to be available until 1997, the manufacturer has been flooded with calls from law enforcement agencies around the globe. The camera has also prompted suggestions that it is in violation of the Fourth Amendment, which guarantees the right to be secure against unreasonable search and seizure. Additionally, new biometric technologies which use sophisticated computer-scanning to measure personal characteristics--including fingerprints, retinal patterns, and the geometry of the hand--are already being tested by U.S. immigration authorities at JFK, Newark, and Vancouver airports in place of passports. Other emerging fields of surveillance include Intelligent Transportation Systems (ITS) which track the movements of all people using public or private transportation. Such systems are linked to ordinary bank accounts and can generate records that show a driverOs name and address, and the exact time and place where tolls have been charged. Nine states in the U.S. already use similar systems to track over 250,000 vehicles every day, and 12 more states will soon put their own systems on-line. While technologically dazzling, such advances threaten to render privacy vulnerable on a scale never seen before--without providing accountability for those who may misuse it. SSU Censored Researchers: Richard Henderson Stacey Merrick 9 U.S. TROOPS EXPOSED TO DEPLETED URANIUM DURING GULF WAR Sources: MILITARY TOXICS PROJECT'S DEPLETED URANIUM CITIZENSO NETWORK Date: 1/16/96 (release of report) Title: Radioactive Battlefields Of The 1990s: A Response to the Army's Unreleased Report on Depleted Uranium Weaponry Authors: Pat Broudy, Grace Bukowski, Leonard Dietz, Dan Fahey, John Paul Hasko, Cathy Hinds, Damaica Lopez, Dolly Lymburner, Arjun Makhijani, Richard Ochs, Laura Olah, Coy Overstreet, Charles Sheehan Miles, Judy Scotnicki, and Nikki F. Bas Edited by Rebecca Solnit MULTINATIONAL MONITOR Date: Jan/Feb 1996 Title: "Radioactive Ammo Lays Them to Waste," Author: Gary Cohen SWORDS TO PLOWSHARES Date: 11/7/95 (presentation) Title: Depleted Uranium: Objective Research and Analysis Required Author: Dan Fahey THE VVA VETERAN Date: March 1996 Title: "Depleted Uranium: One ManOs Weapon, Another ManOs Poison" Author: Bill Triplett NATIONAL CATHOLIC REPORTER Date: 1/19/96 Title: "Depleted Uranium, First Used In Iraq, Deployed in Bosnia" Author: Kathryn Casa Depleted uranium (DU) weapons were used for the first time in a war situation in the Persian Gulf in 1991 and were hailed as a new and incredibly effective weapon by the Department of Defense. Since the Manhattan Project of World War II, numerous government studies have indicated that while DU weapons are highly effective, they are still extremely toxic and need to be handled with special precautionary tools and protective gear. Although army training manuals were written in the 1980s to warn tank crews and commanders of the dangers associated with DU rounds, the Pentagon failed to warn Gulf War troops of the dangers. The Defense Department did circulate a memo to Gulf War commanders that contained three key points: any vehicle or system struck by a DU penetrator can be assumed to be contaminated; personnel should avoid entering contaminated areas; and, if troops must enter contaminated areas, they should wear protective clothing. Unfortunately, this memo was written on March 7, 1991, eight days after the firing of weapons ceased in the Persian Gulf. Without this knowledge, and without the necessary protective clothing, the 144th Army National Guard Service and Supply Company was allowed to perform DU battlefield cleanup for three weeks in Kuwait and southern Iraq, where the U.S. Army fired at least 14,000 rounds (or 40 tons) of DU ammunition. The Department of Energy possesses over 500,000 tons of DU that has been accumulating since the Manhattan Project. Billions of dollars have been spent by the U.S. government to find a final dumpsite for the radioactive waste, but other nations and communities in Maine and New Mexico have resisted the efforts to dump the DU waste in their area. The use of this weaponry in the Persian Gulf, then, served two purposes. It eliminated enemy troops and weapons and disposed of tens or even thousands of tons of the radioactive DU on the Persian Gulf battlefields. The effects of depleted uranium exposure, however, are just beginning to be known. DU has now been linked to many illnesses, including the mysterious "Gulf War Syndrome." Despite widespread concern among Gulf War vets and in U.S. communities about the dangers of DU weapons, the Pentagon, Department of Energy and military defense contractors are all excited about the sales potential of DU weapons as well as the transfer of DU to allies for their own weapons production. According to Nuclear Regulatory Commission shipment records, steady transfers--amounting to several million pounds of DU--have been flowing to U.S. allies over the past decade, with Britain, France and Canada being the largest recipients. SSU Censored Researchers: Aaron Butler Deborah Udall 10 FACING FOOD SCARCITY Sources: WORLD WATCH Date: November/December 1995 Title: "Facing Food Scarcity;" Date: May June 1996 Title: "Japanese Government Breaks With World Bank Food Forecast" Author: Lester R. Brown The Japanese Ministry of Agriculture released projections in late December 1995 which show a doubling of world grain prices by 2010. The world prices for wheat and rice will exceed 2 times that of the base year of 1992. Around the same time, World Watch published an article, "Facing Food Scarcity," which supports the Japanese Ministry of Agriculture claim, and according to the World Agricultural Outlook Board, the world's stock of rice, wheat, corn, and other grains have fallen to their lowest level in two decades. These projections differ sharply from that of the World Bank, which has stuck with its projection of continuously declining grain prices over the same period. The Japanese analysis, along with the World Watch article take into account past experience with biological growth in finite environments, (examples include soil erosion, increased population, and land dehydration) while the economists who are responsible for projecting supply and demand of agriculture commodities for the World Bank and at the U.N. Food and Agriculture Organization (FAO) do not. As the world population continues to grow, more and more water must be diverted from crop irrigation to cities for direct consumption. This, along with the loss of agricultural land to housing, creates a drastic imbalance between the amount of people, and the food production necessary to feed them. The economically integrated world of the late nineties is moving into uncharted territory, facing a set of problems quite different in nature from those faced in the past. The food shortage will become even more acute in light of the conclusions of the recent World Food Summit in November 1996. Convened by the FAO, the first summit in 22 years decided that poor countries will be responsible for feeding their own people, without the aid of wealthier nations. But while population is soaring, especially in poor nations, food aid to poor countries is dropping by about half, and the number of hungry people will continue to grow (San Francisco Chronicle, 11/18/96). With the World Bank and FAO continuing to project surplus capacity and declining real prices, it is difficult to mobilize support for continued investment in agriculture or for the kinds of social services such as family planning that could help stabilize population growth. SSU Censored Researchers: Amy S. Cohen Jeremy Lewis Stacey Merrick Robert Campbell [EMAIL PROTECTED]