-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Patrice Riemens Sent: Friday, May 20, 2011 9:17 PM To: [email protected] Subject: <nettime> German slumlords in LA
Bwo INURA list/ Tino Bucholz hi all, the article below I would not not consider unexpected but crucial information on advanced capitalist re/production. so long..tino ****************************** The U.S.: Where Europe comes to slum http://www.latimes.com/news/opinion/commentary/la-oe-meyerson-europeans-2011 0515,0,3990894.story The newest slumlord in Los Angeles is a pillar of German capitalism. Earlier this month, the city attorney's office filed suit against Deutsche Bank, the world's fourth-largest bank, for letting many of the more than 2,000 L.A. homes it has foreclosed on descend into squalor and decay ... slumming in America is fast becoming a business model for some of Europe's leading companies, and they often do things here they would never think of doing at home. These companies - not banks, primarily, but such gold-plated European manufacturers as BMW, Daimler, Volkswagen and Siemens, and retailers such as IKEA - increasingly come to America (the South particularly) because labor is cheap and workers have no rights. In their eyes, we're becoming the new China. Our labor costs may be a little higher, but we offer stronger intellectual property protections and far fewer strikes than our unruly Chinese comrades. http://www.latimes.com/news/local/la-me-bank-slumlord-20110505,0,58791,full. story L.A. suit calls Deutsche Bank a slumlord Officials charge world's fourth-largest bank with letting foreclosed properties lapse into disrepair. Bank officials say loan servicers are to blame. ............................. [email protected] ........................................ "Even though I have read a lot, I have drunk even more. I have written much less than most people who write; but I have drunk much more than most people who drink" [Guy Debord] # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: http://mx.kein.org/mailman/listinfo/nettime-l # archive: http://www.nettime.org contact: [email protected] !DSPAM:2676,4dd7a40140301369650920! _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
