Activists Gather Worldwide to Protest Against Housing 'Vulture Fund'
Activists gathered on Wednesday in cities across the United States, Japan and Europe to protest the global buy-up of housing by private equity giant Blackstone, which they say systematically buys distressed mortgages and subsidized housing then forces homeowners and tenants out.
Like the US, Europe Is Selling Off Its Housing to Aggressive Corporate Landlords
In the next few weeks, more than 130,000 mortgage holders with the nationalized UK bank Northern Rock will be told their home loans have been sold off as part of an attempt to help repay Britain's national debt. They may find their new lender is a more aggressive partner than they're used to.
Why We Should Care About the Future of the BBC
"Worse than a poll tax" – the words of the newly appointed Minister for Culture, John Whittingdale, in an interview on the licence fee. But in a week that saw someone who voted against gay marriage appointed Equalities Minister, it came as less of a surprise that the person in charge of the BBC's future has already said he believes it to be "unsustainable".
This Is What It's Like To Be Sectioned in Britain Today
"There's something intrinsically mad about taking people who are having the worst time of their life and putting them in one building together," says Dr Mark Salter, who has spent the last 20 years working on the frontline of adult psychiatry across East London – one of the most ethnically, economically and mentally mixed-up areas in the UK. A big part of his job is deciding when people need to be detained in hospital or a police cell under the 1983 Mental Health Act – a process otherwise known as sectioning.
Wall Street Could Become Your Landlord
This past week, protestors gathered in three international cities to demonstrate against the actions of the Blackstone Group, the world’s biggest private equity company, and also the new landlord of many ordinary people’s homes.
Not content with profiting out of the NHS (biggest private recipient of funds) or owning chunks of whole cities like the High Holborn Estate in London (now rebranded Midtown, if you believe it), since the last economic crash it’s been busy buying up housing stock across the United States and Europe.
The problem is that, so far, they haven’t proved to be great landlords. Some say the presence of Blackstone and other private equity companies in residential housing spells economic disaster all over again, and is only going to benefit the same people who caused the last crisis.
India Isn't the Only Country Tampering With Women's Wombs
Last week's revelation that Indian women are being sterilized for as little as $13 to meet targets set by state officials and at risk to their lives has rightly seen a collective, international outcry.
It's been reported that women targeted for sterilization are typically from the very poorest parts of the country, are under pressure to comply and offered no other form of contraception. But coerced or forced sterilization happens in other nations for a wide range of reasons, not just brutal and misguided efforts at population control.