Gleanings

Conversions are potentially so important for several reasons. Most broadly, there is a tremendous potential with such a large number of “baby boomer” business owners retiring in the coming years and decades. What will they do with their businesses? With conversions we have a huge opportunity to save businesses and jobs that might otherwise be lost if the retiring owner closes the doors or sells the business.

Instead of just battling the big banks, activists are working to strengthen a diverse alternative financial system that pursues social goals and offers affordable lending, but that currently remains undercapitalized, and in the case of credit unions serving low-income communities, is even shrinking.

People of Shambhala interviews  Michael Johnson, a co-founder of SolidarityNYC and GEO editor, about what he describes as “a very positive,” “non-ideological” movement of businesses and cooperatives that aim to make the world a better place while supporting themselves and improving their own lives.

Sofia Gallisa Muriente talks about her experience with people-powered disaster relief during the aftermath of Hurricane Sandy.  Click here to make a donation to Occupy Sandy.

In this video, Rick Juliusson--farmer and owner of Free-Range Consulting--discusses issues concerning financing, ownership and governance of ecovillages.

 

The co-op movement has been getting a lot of mainstream press lately...mostly bad.  The bankruptcy of Fagor Electrodomestics in Spain and the near-failure of the Cooperative Bank in the UK have made front-page news, but the focus on these two outliers is obscuring the fact that cooperative businesses have proven exceptionally stable and resilient throughout the on-going economic crisis.  This post by Rochdale of the Breathing Lessons blog provides some much-needed perspective:

In this video, Jenny Kassan of Cutting Edge Capital goes further in depth about determining whether your co-op's fundraising technique qualifies as a "security." 

Click the link to watch the video on Youtube.

 

 

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