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Cooperating to Replace Capitalism
SolidarityNYC is a New York City-based group which works to create links between social movements and the "solidarity economy." The latter consists of cooperatives, small businesses, non-profits and other economic activities which "reinforce values of justice, ecological sustainability, cooperation, and democracy." The group aims to promote the solidarity economy as an alternative to the...
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The alternative approach to poverty reduction and sustainable development in Africa
Over fifty years have passed since most African nations gained their independence. Since then, and despite the expenditure of over $1 trillion in aid, poverty has, according to the World Bank, nearly doubled. But, the idea of aid was to reduce poverty and close the gap in living standards, not let it get wider? CIA figures show over 485 million Africans in poverty, to which we can add...
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Big News on Bank Transfers
Two summers ago, at the U.S. Social Forum, I attended a panel discussion about ways to expand the use of credit unions as alternatives to the “too big to fail” banks whose risky investments had helped tank the economy. Each of the speakers—people involved in credit union leadership or advocacy—expressed confusion and frustration that they hadn’t already seen a...
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The Benefit Corporation: Can Business Be About More Than Profit?
New laws took effect in Vermont and Virginia [July 11, 2011], giving ethical business a boost. If Vermont's law had been around 11 years ago, Ben Cohen and Jerry Greenfield might not have had to sell their ice cream company.Back then, Unilever made the highest bid for Ben and Jerry's, so the laws of shareholder responsibility forced the hippie founders to sell, even though they wanted to keep...
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AT&T T-Mobile Deal Dropped After Fierce Government Backlash
 AT&T Inc. is hanging up on its $39 billion bid to buy smaller wireless provider T-Mobile USA, nearly four months after the U.S. government raised concerns that the deal would raise prices, reduce innovation and give customers fewer choices.The long-expected announcement left AT&T grumbling about a shortage of airwaves to meet growing demand, while scrappy competitor T-Mobile remains...
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New Study Shows How Wal-Mart Devastates Small Businesses
Walmart cuts more than just prices -- it cuts small businesses and jobs, according to a new study released by Manhattan Borough President Scott Stringer. Weighing in on the debate about whether Walmart should enter New York City, the study found that between 30 and 41 small retailers would go out of business within the first year of just one Walmart opening in Harlem. By the second year, as...
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Don't Occupy Wall Street, Ditch It!
I personally support the spirit of Occupy Wall Street, especially the spotlight it has cast on the shocking level of inequality in our country. But the movement oddly conveys a very mainstream message that Wall Street can and should be fixed. Just clean up our existing financial institutions – make them more accountable, honest, transparent – and all will be well. Really?I think it...
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Why Feds Are Right to Block AT&T, T-Mobile Merger
 Higher Prices – With market power comes the ability to raise prices and do so in unspoken collusion with the other big players. For an example of that, you need only look at AT&T’s recent elimination of its $10 for 1000 texts per month plan, which left users with the choice of paying 30 cents a text or paying $20 for unlimited texts – a crappy choice given that the...
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Pay Your Taxes, Murdoch
If you had only paid a 6% tax rate over a 4-year period, accumulated $7 billion in offshore profits not subject to US taxes, had over 150 accounts in tax-haven countries like the Cayman Islands and Bermuda, and used the money from your tax dodging to buy another company, you'd be wanted for tax evasion and money laundering. But for Rupert Murdoch's News Corp, that's business as usual.The...
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The Kochs and the Guv Stir Up a Hornets' Nest
Thank you, Scott Walker! And you, too, Charles and David Koch! Thanks for being so ham-handed in pushing your self-serving, virulently anti-union agenda on the schoolteachers, health care workers, park rangers and other public employees of Wisconsin.The Birchite billionaire Koch brothers and Walker, their gubernatorial hatchet man in the Badger State, have unwittingly done a tremendous favor for...
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What's Happening in Wisconsin Explained
If you need to know the basics of what's going on in Wisconsin, read on. If you're already up to speed, you can follow the action on Twitter or jump straight to the latest updates from our reporter on the ground in Madison.—With additional reporting by Nick Baumann and Siddhartha MahantaThe basics:For days, demonstrators have been pouring into the streets of Madison...
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Huffington’s Plunder
I was in New York City on Thursday night at the Brecht Forum to discuss with the photographer Eugene Richards his powerful new book “War Is Personal” when I was approached for an interview by a blogger for The Huffington Post. I had just finished speaking with another blogger who had recently graduated from UC Berkeley.These encounters, which are frequent at public events, break...
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Cancun, Climate Change and WikiLeaks
CANCUN, Mexico—Critical negotiations are under way here in Cancun, under the auspices of the United Nations, to reverse human-induced global warming. This is the first major meeting since the failed Copenhagen summit last year, and it is happening at the end of the hottest decade on record. While the stakes are high, expectations are low, and, as we have just learned with the release...
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