Friends of GEO

This Co-Op Solar Project Will Be Owned By The Community Members It Benefits

It's Our Economy - November 14, 2018 - 10:00am
In Sunset Park, a waterfront neighborhood in central Brooklyn, nearly 30% of residents live below the poverty line. The neighborhood has dealt with a history of environmental burdens, particularly due to an expressway that runs above one of its main streets. For residents, high energy costs compound the air quality concerns produced by passing traffic and the presence of three nearby fossil fuel plants. A new initiative, though, is working to bring renewable energy to the neighborhood–and following a cooperative ownership model that’s helped stabilize energy prices in rural America. Across rural America, it’s not uncommon for people to own their energy sources.
Categories: Friends of GEO, SE News

How toy libraries are promoting sharing and sustainability in Croatia

Shareable - Commons - November 13, 2018 - 4:27pm

"Children accept the idea of sharing even better than their parents," says Inga Kukolj who is from Knin, a small rural town in Croatia. Kukolj is the main driver behind the environmental NGO Eko Krka. The group started a toy library five years ago with the idea that learning the values of solidarity and sharing should start from an early age. Kukolj says that Eko Krka has 200 members in Knin and around 50 members in the coastal town of Šibenik, where they started another toy library.

Categories: Friends of GEO

SWIFT’s Iran Ban Will ‘Expedite Global De-Dollarization’

It's Our Economy - November 13, 2018 - 10:00am
The blacklisting of Iran from international financial messaging system SWIFT serves as a warning to Washington’s enemies, but will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT. SWIFT, a system that facilitates cross-border payments between 11,000 financial institutions in more than 200 countries worldwide cut several Iranian banks, including the country’s central bank, off from its services on Monday. The move came as a result of US pressure and was described by US Treasury Secretary Steven Mnuchin as “the right decision to protect the integrity of the international financial system.”
Categories: Friends of GEO, SE News

Canada Is Richer Than The US, According To A New Wealth Ranking — In Fact, The US Doesn’t Even Make The Top 10

It's Our Economy - November 13, 2018 - 9:00am
The United States is home to more millionaires than any other country in the world. But whether the country is truly the wealthiest in the world depends on how you measure. A report released by Credit Suisse in October says the US is “in the lead” when it comes to global wealth. But a closer look at the numbers in that report reveals a different story. While it’s true that wealth in the US is growing faster than anywhere else in the world, it’s not the richest when you compare the average amount of wealth per adult. That prize goes to Switzerland, as you can see in the map below.
Categories: Friends of GEO, SE News

Labour Has A Plan

It's Our Economy - November 9, 2018 - 3:00pm
When Mio Tastas Viktorsson and I argued that the Left should revisit the Meidner Plan last year, we could have hardly expected that a strikingly similar policy would be adopted by British shadow chancellor John McDonnell and the Labour Party at this year’s conference. The Inclusive Ownership Funds (IOF) proposal — drawing its name and much of its inspiration from a recent report by researchers Matthew Lawrence, Andrew Pendleton, and Sara Mahmoud of the New Economics Foundation — calls for transferring 10 percent of the equity in all British firms with over 250 employees into worker-owned and -controlled funds over the next ten years. The funds would pay out annual dividends up to £500…
Categories: Friends of GEO, SE News
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