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-20110515,0,3990894.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. ............................. tino.buchh...@udo.edu ........................................ "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: nett...@kein.org