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People Before Profits • Stop Foreclosures • Break Up Big Finance • End the Wars
Updated: 2 hours 31 min ago

Berkeley Sets The Bar For Municipal Support Of Worker Cooperatives

March 18, 2019 - 12:00pm
Berkeley, CA –  Last month, Berkeley City Council unanimously adopted a set of recommendations provided by the Sustainable Economies Law Center (Law Center) and a coalition of worker coop members and advocates. In doing so, Berkeley became a national leader in supporting worker cooperative businesses. “Berkeley is among the first US cities to earmark funding specifically to help local businesses convert to democratic worker ownership,” says Sara Stephens, Staff Attorney at the Law Center.
Categories: Friends of GEO, SE News

A Four-Day Working Week Is Within Our Grasp

March 18, 2019 - 12:00pm
Whenever the government fumbles around desperately for the story they can sell as success, they often reach for the following statistic: that since the Conservatives took power in 2010, unemployment has dropped, and more people than ever are in work. But this simple story conceals a much more worrying truth – that work simply doesn’t guarantee a decent standard of living any more. Official statistics gloss over the effects of semi-employment, self-employment, self-unemployment, zero-hours contracts and a shrinking in real wages, leaving four million people in in-work poverty.
Categories: Friends of GEO, SE News

Citizen Currencies Strengthen Agricultural Supply Chains

March 18, 2019 - 12:00pm
This is the third issue of the series we started in October, on the theme of “local currencies”, after a general presentation of the advantages and challenges of local currencies through the example of the Leman currency (October 2018) and the avenues for collaboration and synergies between local currencies and sustainable food (December 2018), we propose today to reflect in terms of production/supply chains, for different types of agricultural products, and starting once again from the Geneva experience: from seed to production, from production to processing, from processing to distribution, from distribution to consumption.
Categories: Friends of GEO, SE News

The Global Economy Is A Time Bomb Waiting To Explode

March 18, 2019 - 11:00am
In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008. Although the U.S. government’s system of checks and balances typically produces incremental reform, Emanuel suggested that during times of financial upheaval, the traditional levers of powers are often scrambled, thereby creating unique conditions whereby legislators could be pushed in the direction of more radical reform.
Categories: Friends of GEO, SE News

Rigged College Admissions: One Aspect Of Rampant Social Inequity

March 17, 2019 - 6:00am
The children of working stiffs learned a brutal lesson this week as federal prosecutors criminally charged rich people with buying admission to elite universities for their less-than-stellar children. The lesson is that no matter how hard you work, no matter how smart or talented you are, a dumb, lazy rich kid is going to beat you. It’s crucial that everyone who is not a wealthy movie star, hedge fund executive, or corporate CEO—that is, 99 percent of all Americans—sees this college admissions scandal for what it really is: a microcosm of the larger, corrupt system that works against working people, squashing their chances for advancement.
Categories: Friends of GEO, SE News

The Benefit Of The Commons: Strategies For A Brighter Future

March 14, 2019 - 2:00pm
Commons is about sharing resources, collaborating and making decisions together without a top-down dictate. There is a variety of definitions which delve into what and how should be shared. Elinor Ostrom, the Nobel Prize laureate awarded the prize precisely for her extensive work on the commons, defined it as common-pool finite resources such as grazing grounds, forests, coastal areas, rivers and so on. She argued that the best way to manage these natural ecosystems would be through a collective action of the people who use these resources, and not through state or market mechanisms.
Categories: Friends of GEO, SE News

Fixing Inequality: More Opportunity Is Not The Answer

March 14, 2019 - 1:01pm
Public discussions of reducing inequality have largely focused on equalizing the opportunities for people to move up, on ideas such as universal pre-K, school reform, reducing college debt, fighting discrimination, affirmative action, training programs, opportunity zones, and career mentoring. The hope is that someday the daughter of a Kentucky miner will have as much of a chance to live well as the son of a Wall Street broker, their fates determined not by circumstances, but only by ability and character.
Categories: Friends of GEO, SE News

Wall Street Mini-Tax Could Raise Maxi Revenue

March 14, 2019 - 1:01pm
With great fanfare, politicians on the left are thinking big on tax reform: a 70 percent rate on incomes over $10 million, a wealth tax on the super-rich, estate taxes as high as 77 percent. With no fanfare at all, the nonpartisan Congressional Budget Office (CBO) has made the case for thinking small. According to the CBO, a mini-tax on sales of stocks, bonds and other holdings could boost revenues by scores of billions a year. The estimate came in December 2018 when the CBO released its list of optionsfor cutting the federal deficit.
Categories: Friends of GEO, SE News