"The chattering classes still blame desperate borrowers for not reading the fine print, but perhaps they should reserve some vitriol for Wall Street's watchdog. If there's one lesson the commission should have learned long ago, it's that booms aren't fueled by market forces alone, but also by healthy doses of fraud, deception, and unchecked opportunism. And it's invariably everyday folks who pay the price. ‘The SEC, instead of watching Wall Street, insulates it,’ notes Aguirre. ‘The subprime iss
Commentery (644)
IntrodsuctionEight years ago while giving a lecture on "Changes, continuities and challenges of post-apartheid South Africa" I made a principled observation that no one individual or ethinc or political gorup can be given sole credit for "Freedom and Democracy" in South Africa of 1994, USA Indepdence of July 1776 nor 1964/1965 Civil Rights era victories. This meant that local, national,continental and global alignments and re-alignment of forces produce indivuduals, ethnic and political groups t
Introdsuction:
Eight years ago while giving a lecture on "Changes, continuities and challenges of post-apartheid South Africa" I made a principled observation that no one individual or ethinc or political gorup can be given sole credit for "Freedom and Democracy" in South Africa of 1994, USA Indepdence of July 1776 nor 1964/1965 Civil Rights era victories. This meant that local, national,continental and global alignments and re-alignment of forces produce indivuduals, ethnic and political groups
Imagine the following - the nation Martin Luther King called "The Greatest Purveyor of Violence in the World Today" may brand democratic Venezuela a state sponsor of terrorism if extremist lawmakers on the Hill get their way.On March 12, George Bush accused Hugo Chavez of backing Colombian-based "terrorists" and using Venezuela's oil wealth for an anti-American campaign. He further claimed Chavez has a "thirst for power....of squander(ing his country's) oil wealth....of prais(ing a) terrorist le