The power utility of California's capital Sacramento decided to cancel the $1.5 billion Iowa Hill Dam, a pumped storage project in the foothills of the Sierra Nevada. The decision may not be remarkable by itself, but it marks a watershed moment & signals
Joseph Stiglitz says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for looting by the West. Do central banks do something similar?
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