NEW – News

REITs [Real Estate Investment Trust] create rental refugees

How US REIT AIMCO deals with renters: In their coalition agreement, the Berlin grand coalition basically advocated for stock market speculation via introduction of tax-free German Real Estate Investment Trusts, also known as REITs. But delegates of SPD’s [Social Democratic Party] left wing cry foul now. REITs could result in losses of trillions and create the destruction of Germany’s social housing structures. In the US, REITs make money by turning renters into refugees and by demolishing [mostly] HUD subsidized apartment complexes.

Namada Valley: demand for halting the construction of the dam till the displaced people were resettled

According to environmental-activist Vandana Shiva, the struggle of Narmada Bachao Andolan had become a bigger issue than of displacement. "It is now an issue of wastage of water for entertainment complexes along the Sabarmati in Ahmedabad. It has now become an issue of precious water being used for genocidal agriculture policies. It is whether the people of India would be able to live in this land or will our land and water become inputs for globally profitable corporates. It is not just a struggle of last 20 years but a struggle of the next 20 years."