SE News

Lesson From History: How Bronze Age Rulers Simply Canceled Debts

It's Our Economy - April 18, 2019 - 10:00am
There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate has  has quickly slipped into a discussion of modern economies and whether it was moral to cancel the debts of people who are in arrears, when some people have struggled to keep current on their payments.” Bankers and bondholders love this argument, because it says, “Don’t cancel debts. Make everyone pay, or someone will get a free ride.”
Categories: Friends of GEO, SE News

The Social And Solidarity Economy Is A Workable Alternative To Capitalism

It's Our Economy - April 18, 2019 - 9:00am
The social and solidarity economy (SSE) is an economic phenomenon in the full throes of expansion throughout the European Union, as well as other parts of the world. This is no doubt partly the result of the 2008 economic and financial crisis and the prolonged post-crisis period, which – despite the economic recovery in macro-economic terms – has, over the last ten years, led to ever-growing inequalities, precarious employment and cutbacks in basic public services in ‘welfare societies’.
Categories: Friends of GEO, SE News

Top 5 Reasons To Choose A Community Bank Or Credit Union

It's Our Economy - April 17, 2019 - 11:00am
Most locally owned banks and credit unions offer the same array of services, from online bill paying to debit and credit cards, at much lower cost than big banks. Average fees at small banks and credit unions are substantially lower than at big banks, according to national data. Studies show that small financial institutions also offer, on average, better interest rates on savings and better terms on credit cards and other loans.
Categories: Friends of GEO, SE News

Sign Of Hope Or Worry? When The Dollar Store Comes To Town

It's Our Economy - April 17, 2019 - 11:00am
On a “mission to save my neighborhood,” Burnell Cotlon, an Army veteran, built his Lower 9th Ward Market literally by hand, shingle by shingle. Today, his counter wall features cameo shots with Mark Zuckerberg. The launderette out back was donated by Ellen DeGeneres. There are shiny apples and $4.50 pork chop plates. His grocery store is seen as an oasis. But Mr. Cotlon’s gambit to help revive a stagnant Lower 9th Ward faces a new challenge: the Dollar General down the street. A boom in dollar stores across the United States since the Great Recession – three open every day on average – has provided both hope and despair in communities struggling for economic footholds.
Categories: Friends of GEO, SE News

The Radical Way Berlin Plans To Solve Its Housing Crisis

It's Our Economy - April 14, 2019 - 1:00pm
Berlin ? A sea of placards streamed across Berlin’s Alexanderplatz, a large public square under the shadow of the city’s massive TV tower, with bold messages daubed in paint and printed across placards. “The City Belongs to Us!” “My Home, Not Your Profit!” “I Don’t Want to Move!” Thousands of people took to the streets in Germany’s capital city on Saturday to protest the rapidly rising cost of apartments in Berlin. “There were old people, young people, families, there were even homeowners … it was basically a snapshot of the entire population of Berlin,” said 77-year-old Barbara von Boroviczény, one of the activists involved in organizing the protest as part of grassroots campaign group Expropriate Deutsche Wohnen & Co.
Categories: Friends of GEO, SE News
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