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People Before Profits • Stop Foreclosures • Break Up Big Finance • End the Wars
Updated: 50 min 38 sec ago

Warning Signs Point To A New Global Financial Crisis

June 21, 2018 - 1:00pm
(IPS) – There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros, but also from eminent economists associated with the Bank of International Settlements, the bank of central banks. The warnings come at a moment when there are signs of international capital flowing out of some emerging economies, including Turkey, Argentina and Indonesia. Some economists have been warning that the boom-bust cycle in capital flows to developing countries will cause disruption, when there is a turn from boom to bust. All it needs is a trigger, which may then snowball as investors in herd-like manner head for the exit door.  Their behaviour is akin to a self- fulfilling prophecy: if enough speculative investors think this is the time to move back to the global financial capitals, then the exodus will happen, as it did in previous “bust” phases of the cycle.
Categories: Friends of GEO, SE News

Food, Coops, Capitalism

June 20, 2018 - 9:00am
Last week, I travelled to Portland, Oregon to give a keynote presentation to the Consumer Coop Management Association—CCMA. My first experience with cooperatives had been in 1983 when I worked as a manager for the Stockton Farmers’ Market Coop. Long before the rise of the food movement, we used to sell fresh produce to the Berkeley Coop’s supermarkets. This allowed a small group of struggling farmers to sell a lot of good food to a big group of affluent consumers. But that was long ago. I needed to study up to face 500 experts in coop management. When I did background research, I was struck by the obvious: Capitalism and food coops emerged together. The first known food cooperative, the Rochdale Society of Equitable Pioneers, was formed in 1844 by a small group of craftspeople who had been de-skilled by England’s great textile factories in the thick of the Industrial Revolution.
Categories: Friends of GEO, SE News

As The Universal Declaration Of Human Rights Turns 70, It’s Time To Resurrect Its Vision Of Global Sharing And Justice

June 19, 2018 - 1:00pm
The Universal Declaration of Human Rights is one of the most translated and celebrated documents in the world, marking its 70th anniversary this year. But relatively few people are aware of the significance of its 25th Article, which proclaims the right of everyone to an adequate standard of living—including food, housing, healthcare, social services and basic financial security.[1] As our campaign group Share The World’s Resources (STWR) has long proposed, it is high time that activists for global justice reclaim the vision that is spelled out in those few simple sentences. For in order to implement Article 25 into a set of binding, enforceable obligations through domestic and international laws, the implications are potentially revolutionary.
Categories: Friends of GEO, SE News

Paris Is Building The Eco-Community Of The Future Right Now. Here’s How.

June 18, 2018 - 10:00am
May 23, 2018 — Every so often an environmentally friendly building gives us a glimpse of the low-carbon future so many climate plans envision. With the development of Clichy-Batignolles, the city of Paris has created a groundbreaking eco-village filled with such buildings. Begun in 2002, the massive redevelopment project is about 30 percent complete and is slated to be finished in 2020. In 2007, Paris became one of the first municipalities in the world to adopt a climate action plan, setting goals for greenhouse gas emission reductions above and beyond those outlined by the European Union. Employing virtually all the tools in the green builders’ toolkit, Clichy-Batignolles aims to be tangible evidence of the city’s commitment to reducing its carbon footprint as well as an experimental laboratory for testing what’s possible in climate-sensitive redevelopment.
Categories: Friends of GEO, SE News