Archive for December, 2007

Aquaculture and cancer

Saturday, December 15th, 2007

fishfarming.jpgvideo_button_white_dred.gifThis article from the International Herald Tribune argues that Chinese fish farmers face polluted waters. There are 10 million fish farmers in China who produce for both domestic and export markets. Much of Chinese fish export goes to Japan and East Asia, followed by USA and Europe. 70% of world farmed seafood comes from China, mostly grown inland. So much is the intensity of aquaculture along the coast of China, that not only fish farming pollutes fresh water sources and the surrounding land (a classical example of modern enclosures for the traditional peasantry and local communities — not discussed by this article) but fish farmers are polluting each other ponds. The pollutants of fish and shrimp exports are linked to cancer. Look at this video from The New York Times which pictures fish farmers working in their surrounding, and discusses the reasons why Chinese fish exports are polluted. The colour of the water in these video clips is not the most attractive! Also, check this slide show always from the New York Times for a visual ideaof the work involved in fish farming.

Foreclosures: costs and movements

Saturday, December 8th, 2007

video_button_white_dred.gifThis video extract from Democracynow.org of 29 November discusses the social and human cost of foreclosures in the US, the number of which has nearly doubled to 225000 in the Month of October.

Also shown is an interviews to activists from NEPAD, an NGO who is asking Investment Banks to aknowledge their responsibility in this crisis and donate their holiday bonus to prevent furhter foreclosures. About 2 million home owners are potentially facing foreclosures when their adjustable rate mortgages resets at higher rate. (more…)

US Sub-prime crisis and foreclosures

Friday, December 7th, 2007

The most recent news is that in October, the number of foreclosures has nearly doubled to 225000. About 2 million home owners are potentially facing foreclosures when their adjustable rate mortgages resets at higher rate. The distribution of sub-prime lending across the US is shown in this map taken from the New York Times

ussubprime.jpg

The political costs of this might however have been anticipated by Bush’s administration, (more…)

Home mortgages and sub-prime crisis: some technical notes

Thursday, December 6th, 2007

Here is a graphical representation of the home mortgage system which has generated the sub-prime crisis. It is a free re-elaboration of a diagram circulated by Fred Moseley at the recent Historical Materialism conference in London on Nov 9-11.

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Few observations. (more…)