China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices By Michael Hudson

22 July, 2013 — 

How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms.

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ICH 22 July 2013: Snowden and Latin America Expose Washington’s Impotence in a Changing World

22 July 2013 — Information Clearing House

EU Bows to US Pressure, Blacklists Military Wing of Hezbollah

By Al-Manar

European Union Foreign Ministers announced on Monday their countries’ submission to the pressure exerted by the United States to put the military wing of Hezbollah on the EU list of terrorist organizations.


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