May 172020
 

The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households. Apartment buildings in Brooklyn, New York. (Flickr) Since the start of the coronavirus crisis, the Federal Reserve has won admiration from many quarters for the pace and magnitude of its…

External feed Read More at the Source: https://jacobinmag.com/2020/05/real-estate-crash-pandemic-coronavirus/

 2020-05-17  No Responses »
May 172020
 

One of the most likely outcomes of this pandemic is that the vast majority of independently-owned venues will go out of business, wiping the slate clean for multinational superpredators Live Nation and Golden Voice to fill those voids. That’s been their mission for years, and this can only accelerate it.Their M.O. has long been to wait until an independent venue is in financial trouble, and then take it over and either turn it into an…

External feed Read More at the Source: https://www.dnalounge.com/backstage/log/2020/05/16.html

 2020-05-17  No Responses »