Commodity Trade Mantra

Posts Tagged ‘Water Bills’

Is Water the next Natural Resource to be Exploited by the Market?

Turning water into an economic commodity & making money from water? Is this what Wall Street wants next? At the forefront of this firestorm is Peter Brabeck, chairman & former CEO of Nestle. In his view, citizens don’t have an automatic right to more than the water they require for mere “survival”, unless they can afford to pay for it.

Detroit city shuts off Water for thousands

Detroit’s water department said it would begin shutting off water for up to 3,000 homes & businesses a week in an attempt to stop the utility from sliding even further into debt. Detroit’s water utility keeps raising rates as it falls further into debt; nearly half of customers are behind on payments.

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