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Economy

Membership in Co-operative Businesses Reaches 1 Billion

February 23rd, 2012  |  Source: World Watch.org

 

Co-ops offer democratic alternative to shareholder-owned businesses.

The United Nations has designated 2012 as the International Year of Cooperatives, providing a great opportunity to raise the profile of an important organizational tool for spreading human rights and equality worldwide. Membership in co-operative businesses has grown to 1 billion people across 96 countries, according to new research published by the Worldwatch Institute for its Vital Signs Online publication.


Publishing and the Environment : New 'Green' Publishing Certification

February 20th, 2012  |  Source: Book Business

It's one thing to use a little recycled paper here and there and say you're into sustainability; it's another to get your company certified as environmentally responsible. In January, the Green Press Initiative (GPI)—a nonprofit that works with the book and newspaper publishing industries to conserve natural resources, announced its long-awaited Environmentally Responsible Publisher Certification (ERPC).


As Old Francs Expire, France Makes a Small Mint

February 18th, 2012  |  Source: NYT.com

Greece may be scrambling for revenue, but the French treasury has just banked some 550 million euros for doing nothing — simply letting the French franc, created in 1360, finally perish.

Friday was the last day that French francs could be turned into the Bank of France, the central bank, in exchange for the common European currency, the euro, a little more than a decade after it was introduced as bills and coins.

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The Wall Street Bombing That Made Hoover and the FBI

February 18th, 2012  |  Source: Bloomberg

Shortly after noon on Thursday, Sept. 16, 1920, a powerful bomb hidden in a horse-drawn wagon exploded at the corner of Wall and Broad Streets in Manhattan. It was a pleasant late-summer day, and throngs of people had been out enjoying a lunchtime stroll, a brief respite from the great money machine, the center of American capitalism.

Now blood ran in the streets where the first U.S. Congress had convened and the Bill of Rights became law.


Brewers see new horizons in Africa

February 10th, 2012  |  Source: FT.com

Brewing in Africa is on a roll. With Americans spurning beer for spirits, British pubs closing at a rate of 16 a week and Russia slapping punitive taxes on ale, the $160bn industry is increasingly looking to sub-Saharan Africa.


Kodak: A Parable of American Competitiveness

February 8th, 2012  |  Source: HBS Working Knowledge

Much of the camera technology was invented in the United States, but US companies gave it all up.

When American companies move pieces of their operations overseas—often because manufacturing and labor costs are much cheaper—they run the risk of moving the expertise, innovation, and new growth opportunities just out of their reach as well.


Can the rich save the American dream by preaching what they practice?

February 6th, 2012  |  Source: The Economist

Just because he belongs to it himself does not make Newt Gingrich wrong when he grumbles that America is run by an out-of-touch elite. If you want evidence, the data can now be found in a book published this week by Charles Murray, the co-author in 1994 of “The Bell Curve”, which became controversial for positing a link between race and intelligence. That controversy should not deter you. “Coming Apart: The State of White America 1960-2010” brims with ideas about what ails America.


U.S. Stocks Jump on Upbeat Reports

February 3rd, 2012  |  Source: WSJ

Stocks rose after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and sending the Dow near its highest reading in nearly four years.

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US Senate backs Congress insider trading ban

February 2nd, 2012  |  Source: BBC

 

The US Senate has approved a bill seeking to ban insider trading by members of Congress.

Under current rules, lawmakers can trade stock unrestricted even though they may have specialist knowledge.

The bill, passed by a bipartisan 96-3 vote, would require them to file disclosures of trades within 30 days.

Congress is suffering from historically low approval ratings, prompting frank admissions that the bill is aimed at cleaning up its public image.


LOST GROUND, 2011: DISPARITIES IN MORTGAGE LENDING AND FORECLOSURES

February 2nd, 2012  |  Source: Responsible Lending.org

“Lost Ground, 2011” is based on an analysis of 27 million mortgages made over a five-year period. Here are our top-line findings:

The nation is not even halfway through the foreclosure crisis. 6.4 percent of mortgages made between 2004 and 2008 have ended in foreclosure, and an additional 8.3 percent are at immediate, serious risk.




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