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American decline: Open pools of raw sewage in the richest country in the world — RT Op-ed
Meanwhile, New York’s Subway system is decaying due to disinvestment and corruption. Last summer a train stalled, leaving passengers in the dark with no air conditioning for an hour. “As the heat of packed-together bodies fogged the windows, passengers beat on the walls and clawed at the doors in a scene from a real-life horror story,”reported the New York Times. In Washington DC, the nation’s capital, the Metro is always late and totally unreliable, with train fires becoming a regular occurrence while Amtrak trains experience routine derailments. These are just some examples of infrastructure decay. The list goes on: bridges are crumbling, schools are shuttered. In Baltimore dozens of schools had no heat during record freezing temperatures this winter. The only thing America’s leadership seems capable of investing in is prisons and war.
ecology  us  corruption 
4 hours ago by foliovision
Matt Taibbi on the 10-Year Anniversary of the Crash – Rolling Stone
In the early days of the crash, reporters were told the crisis particulars were probably too complex for news audiences. But metaphors would do. And the operating metaphor for 2008 was a “thousand-year flood,” a rare and inexplicable accident – something that just sort of happened.
It was even implied that the meltdown was due in part to irrational panic, “hysteria,” a fear of fear itself. When Lehman Brothers failed, the theory held, investors overreacted by freezing all lending, causing more disruptions and more losses. The economy was basically healthy, but fear had caused it to founder on a lack of confidence.
financial  govtManipulation  recession  corruption 
yesterday by Jswindle
Financements libyens: la mise en examen de Claude Guéant est aggravée par les juges | Mediapart
Guéant's weakass explanations are surely doing him more harm than just thorping and saying nuffink would.
gueant  sarkozy  djouhri  corruption  france  libya  squarcini 
yesterday by yorksranter
If Jeff Bezos wants to help low-income people why not just pay them better? | Marina Hyde | Opinion | The Guardian
The Amazon boss’s philanthropy fund flies in the face of the way he treats his workers. Yet he wants to be seen as a messiah, says the Guardian columnist Marina Hyde
article  bezos  california  economics  editorial  via:popular  corruption  business_culture  capitalism  philanthropy 
3 days ago by cglinka

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