Fourteen African countries use a currency that hurts their economies and benefits their former colonial master, France.
Three weeks ago, a rumour emerged that the CFA franc - two closely-related currencies used by 14 countries in western and central Africa - would be devalued by 35 per cent on January 1, 2012.
Katerva, a new nonprofit set up to recognize and support stand-out sustainability efforts around the world, has just announced the winner of an award competition it hopes will be like a Nobel prize in the broad and somewhat amorphous field of sustainability: Sanergy, a company that builds low-cost toilets in the slums of Nairobi, Kenya and converts the waste into fuel and fertilizer.
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Not so long ago — before casinos, currency and commodities speculation, and credit default swaps became big business — U.S. courts would not enforce gambling debts.
Restoring this principle offers a simple way to shrink the rampant speculation in derivatives that was central to the 2008 meltdown on Wall Street.
Today, Citizens for Responsibility and Ethics in Washington (CREW) and other good governance groups sent letters to members of Congress urgingpassage of the “Stop Trading on Congressional Knowledge Act” (“STOCK Act”).
Source: Common Cause | The venerable clean government organization, Common Cause, has an excellent, digestible report available on the politics—or the money in politics—concerning the “fracking” controversy. The report describes the problems with fracking:
This should be a really easy question for former MF Global (OTC: MFGLQ) CEO Jon Corzine. We should be able to ask, "So, Corzine, where is the money?" and he'd point us in the right direction.
But in the wake of MF Global's whirlwind bankruptcy, that question has been anything but easy.
An inside look at the real reasons for the once-beloved chain's demise
For the past decade and a half, Borders seems to have been in the business of making mistakes. Consider the company’s efforts to develop an online presence. Amazon was launched in 1995, and Barnes & Noble responded with its own website two years later.
The dream – or myth – of mobility was the glue that helped keep America together
In “The Broken Contract“, his essay in the latest edition of Foreign Affairs, New Yorker staff writer George Packer argues that the source of widening US inequality is to be found when…
Organized money and the conservative movement seized the moment back in 1978 to begin a massive, generation-long transfer of wealth to the richest Americans.
Value is the only commonality in an increasingly complex, challenging and interdependent world.
Laurance Allen: Editor + Publisher