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Housing Foreclosure Still A Crime Scene

Housing Foreclosure Still A Crime Scene
After the forensic audit was completed, Register O’Brien proclaimed: :My registry is a crime scene as evidenced by this forensic examination. The Audit makes the finding that this was not only a MERS (Mortgage Electronic Registration Systems) problem, but a scheme also perpetuated by MERS shareholder banks such Bank of America, Wells Fargo, JP Morgan and others. I am stunned and appalled by the fact that America’s biggest banks have played ... Read more

WSJ Reports: Public Bank of North Dakota Outperforms Wall Street

WSJ Reports: Public Bank of North Dakota Outperforms Wall Street
The Wall Street Journal reports that the Public Bank of North Dakota out performed the Wall Street Banks.  Chester Dawson begins his November 16th article: “It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a ... Read more

Out Of The Ashes Of Big Finance Capitalism Comes A New Economy

Out Of The Ashes Of Big Finance Capitalism Comes A New Economy
Above:  Current economic system is headed for collapse says Jeremy Rifkin. Photograph: Linda Nylind/Linda Nylind Jeremy Rifkin argues the current economic system has become so successful at lowering the costs of production that it has created the very conditions for the destruction of the traditional vertically integrated corporation. Rifkin, who has advised the European Commission, the European Parliament and heads of state, including ... Read more

Leaked Lux Tax Deal Documents Cause Political, Media Storm

Leaked Lux Tax Deal Documents Cause Political, Media Storm
Above: Front pages from ICIJ’s partners around the world.  Tens of thousands of leaked confidential documents have shown that Luxembourg has been making special tax deals with transnational corporation that have allowed them to avoid billions of dollars in taxes. According to a report from the International Consortium of Professional Journalists: Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from ... Read more

Local Ownership Of Solar Creates Jobs, Builds Community Wealth

Local Ownership Of Solar Creates Jobs, Builds Community Wealth
Above: Workers with San Francisco-based Everybody Solar install a photovoltaic system. Photo by Everybody Solar / Flickr. Locally owned renewable energy projects create more economic benefits than absentee-owned projects, and they are less likely to encounter community opposition. By enacting policies to support local renewables, Farrell argues, states and counties stand to gain thousands of jobs and millions of dollars. Farrell’s report ... Read more

Economics As If Future Generations Mattered

Economics As If Future Generations Mattered
Above: By Lieven Soete under a CC license Growing numbers of people are waking up to the reemerging Commons ethic, which holds that human systems must be aligned to match ecological ones. People believe that future generations have the inalienable right to a healthy planet, and many are now seeking ways to withdraw their consent to the politics and policies that lead to a toxic future. A rights-based approach to human systems like the ... Read more

EU Agrees To Cut Greenhouse Gas Emissions

EU Agrees To Cut Greenhouse Gas Emissions
EU leaders called the 40-percent target an ambitious signal to the likes of the United States and China to follow suit at a U.N. climate summit France is hosting in December next year. “Europe is setting an example,” French President Francois Hollande said, acknowledging that it had been a hard-won compromise but calling the final deal “very ambitious.” “Ultimately, this is about survival,” said summit ... Read more

Urban Farms Build Resilience Within Singapore’s Fragile Food System

Urban Farms Build Resilience Within Singapore’s Fragile Food System
Above: A crew of volunteer “aunties” weed and harvest basil at the ComCrop rooftop farm, set high above Singapore’s Orchard Road.Maureen Pao/NPR Once lined with plantations, Singapore’s Orchard Road is now a sort of Asian Rodeo Drive. But overlooking the commercial mecca is a different kind of oasis: 6,000 square feet of vegetable and fish gardens. The aquaponic garden features mint, basil and leafy greens growing in ... Read more

Economists Say We Should Tax The Rich At 90 Percent

Economists Say We Should Tax The Rich At 90 Percent
Above: Members and supporters of Welfare Rights Committee stand in front of banner after April 15 “tax the rich” protest. (Fight Back! News/Kim DeFranco) Kindermann and Krueger say that a top marginal tax rate in the range of 90 percent would decrease both income and wealth inequality, bring in more money for the government and increase everyone’s well-being — even those subject to the new, much higher income tax rate. ... Read more

The Bottom 90 Percent: Poorer Today Than They Were In 1987

The Bottom 90 Percent: Poorer Today Than They Were In 1987
The Federal Reserve has already told us that the median households is worth less now than it was in 1989 – that’s the household right in the middle — it turns out that everybody but the richest 10 percent of Americans are worst off. That includes the poor, the entire middle class, and even what we would consider much of the upper class. You can see this troubling finding in the chart above, based on data from Emmanuel Saez ... Read more