Mortgaging the Earth PDF Download

Author: Bruce Rich
Publisher: Routledge
ISBN: 1134167253
Category : Business & Economics
Languages : en
Pages : 413

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Book Description
This critique of World Bank operations examines the effects of this organization on the societies in which it operates. Highly critical of the Bank's practices in its 50 years of operation, the author demonstrates how the Bank has become virtually unaccountable and a law unto itself. He describes how the Bank has supported oppressive regimes and loaned money to support large projects which have displaced local populations. He argues further that the Bank's current policies of structural adjustment are arresting the development of Third World countries.

Author: Bruce Rich
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 376

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Author: Bruce Rich
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Bruce Rich
Publisher: Island Press
ISBN: 9781610911849
Category : Science
Languages : en
Pages : 0

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World Bank President Jim Yong Kim has vowed that his institution will fight poverty and climate change, a claim that World Bank presidents have made for two decades. But if worldwide protests and reams of damning internal reports are any indication, too often it does just the opposite. By funding development projects and programs that warm the planet and destroy critical natural resources on which the poor depend, the Bank has been hurting the very people it claims to serve. What explains this blatant contradiction? If anyone has the answer, it is arguably Bruce Rich—a lawyer and expert in public international finance who has for the last three decades studied the Bank’s institutional contortions, the real-world consequences of its lending, and the politics of the global environmental crisis. What emerges from the bureaucratic dust is a disturbing and gripping story of corruption, larger-than-life personalities, perverse incentives, and institutional amnesia. The World Bank is the Vatican of development finance, and its dysfunction plays out as a reflection of the political hypocrisies and failures of governance of its 188 member countries. Foreclosing the Future shows how the Bank’s failure to address the challenges of the 21st Century has implications for everyone in an increasingly interdependent world. Rich depicts how the World Bank is a microcosm of global political and economic trends—powerful forces that threaten both environmental and social ruin. Rich shows how the Bank has reinforced these forces, undercutting the most idealistic attempts at alleviating poverty and sustaining the environment, and damaging the lives of millions. Readers will see global politics on an increasingly crowded planet as they never have before—and come to understand the changes necessary if the World Bank is ever to achieve its mission.

Author: Viral V. Acharya
Publisher: Princeton University Press
ISBN: 1400838096
Category : Business & Economics
Languages : en
Pages : 233

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Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.

Author: Daniel C. Maguire
Publisher: State University of New York Press
ISBN: 1438411685
Category : Religion
Languages : en
Pages : 174

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Book Description
This book offers an original assessment of the crisis caused by the combined impact of overpopulation, overconsumption, and economic and political injustice. It summons religious scholarship into urgent dialogue with the other disciplines and with the world's policymakers. The authors seek a new understanding of religion and its power since, for good or for ill, the world's religions will be players in the crises relating to population and the threat of ecocide. Two-thirds of the world's people affiliate with these religions and the other third cannot escape the influence of these symbol-filled cultural powerhouses. Ethics for a Small Planet offers complementary studies by two major social ethicists on these issues. Daniel C. Maguire indicts our male-dominated religions for the problems they have caused for our ecology and reproductive ethics. He raises the controversial questions of whether the very concept of God is a problem and whether Christianity's notions of afterlife and a divinized male have done more harm than good. Larry L. Rasmussen also recognizes that the problems of our planet are largely male-made and rich-dominated. He writes that Europeans packaged a form of earth-unfriendly capitalism and shipped it all over the world with missionary zeal. He ably scans the long history that led to the current manic rush to push the earth beyond its limits, and goes on to suggest moral norms and policy guidelines for sustainable communities and genuinely shared power. Both authors argue that there are positive and renewable moral energies in the world's religions and that unless religion, understood as a response to the sanctity of life, animates our ethical debates, the prospects for the world are grim. The sense of the sacred is presented here as the nucleus of the good and the only force that can bring about the lifestyle changes and power reallocations that are necessary to prevent terracide.

Author: Bethany McLean
Publisher:
ISBN: 9780990976301
Category : Business & Economics
Languages : en
Pages : 159

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In a way, the situation is ironic: housing was at the root of the financial crisis, and six years after the meltdown, housing finance is still the greatest unsolved issue. The U.S. housing market is roughly $10 trillion, making it one of the largest segments of the bond market. Roughly 70 percent of the American population has a mortgage, and for most people, the mortgage is the most important financial instrument in their lives. But until the financial crisis, few people knew the essential role that Fannie Mae and Freddie Mac play in their mortgages. Given the $188 billion government bailout of the two firms the most expensive bailout in history the politics surrounding housing are worse than they've ever been, and the two gigantic firms sit in limbo. Best-selling investigative journalist Bethany McLean, the coauthor of The Smartest Guys in the Room andAll the Devils Are Here, explains why the situation is dangerous and unsustainable, and proposes a few solutions from the perfect, but politically unfeasible to the doable, but ugly.

Author: Michael S. Northcott
Publisher: Cambridge University Press
ISBN: 9780521576314
Category : Philosophy
Languages : en
Pages : 404

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A new approach to environmental ethics from within the Christian tradition.

Author: James Barth
Publisher: John Wiley & Sons
ISBN: 0470493887
Category : Business & Economics
Languages : en
Pages : 560

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Book Description
The mortgage meltdown: what went wrong and how do we fix it? Owning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did everything go haywire? And what can we do about it now? In The Rise and Fall of the U.S. Mortgage and Credit Markets, renowned finance expert James Barth offers a comprehensive examination of the mortgage meltdown. Together with a team of economists at the Milken Institute, he explores the shock waves that have rippled through the entire financial sector and the real economy. Deploying an incredibly detailed and extensive set of data, the book offers in-depth analysis of the mortgage meltdown and the resulting worldwide financial crisis. This authoritative volume explores what went wrong in every critical area, including securitization, loan origination practices, regulation and supervision, Fannie Mae and Freddie Mac, leverage and accounting practices, and of course, the rating agencies. The authors explain the steps the government has taken to address the crisis thus far, arguing that we have yet to address the larger issues. Offers a comprehensive examination of the mortgage market meltdown and its reverberations throughout the financial sector and the real economy Explores several important issues that policymakers must address in any future reshaping of financial market regulations Addresses how we can begin to move forward and prevent similar crises from shaking the foundations of our financial system The Rise and Fall of the U.S. Mortgage and Credit Markets analyzes the factors that should drive reform and explores the issues that policymakers must confront in any future reshaping of financial market regulations.

Author: John Arthur Hoyt
Publisher: Penguin
ISBN: 9780895296481
Category : Business & Economics
Languages : en
Pages : 276

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Argues that the theory that endangered species must pay their own way to survive is a political expediency used to justify legalized killing in the name of conservation