RECENT NEWS

Argument For Energy Nationalization

Argument For Energy Nationalization
The Bayway refinery, the site of extensive environmental damage, and the subject of a legal battle between Exxon and the state, in Linden, New Jersey, February 27, 2015. A long-fought legal battle to recover $8.9 billion in damages from Exxon Mobil for the contamination and loss of use of more than 1,500 acres of wetlands, marshes, meadows and waters in New Jersey has been quietly settled by the state for around $250 million. (Angel ... Read more

Revolt Against Student Loans Growing

Revolt Against Student Loans Growing
Students Saying ‘No’ To Debt Repayment Remember those 15 people who refused to repay their federal student loans? Their “debt strike” has picked up 85 more disgruntled borrowers willing to jeopardize their financial future to pressure the government into forgiving their student loans. By Danielle Douglas-Gabrielle in the Washington Post. Above photo from Flickr user thisisbossi. And the government is starting to listen. The Consumer ... Read more

Chicago Opening Door To Privatizing Half its Public Housing

Chicago Opening Door To Privatizing Half its Public Housing
Chicago, long a pioneer of privatization, is poised to embark on a sweeping experiment with the city’s public-housing stock. The Chicago Housing Authority (CHA) plans to court private investment in as much as half of its public-housing units through the Rental Assistance Demonstration (RAD), a new federal program billed as a way to “revitalize” housing for the poor and address a $26 billion backlog in needed repairs. By Rebecca Burns of ... Read more

Co-ops Enable Low-Income Women To Work As Owners

Co-ops Enable Low-Income Women To Work As Owners
At Cooperative Home Care Associates, in their state of the art training facilities, these workers in training are finding each other’s pulses with the help of their training instructor (seen to the right). (Photo: Jordanna Rosen) By Eleanor J. Bader in TruthOut Co-ops not only give low-income and immigrant women a way to enter an often unwelcoming – and in some cases, hostile – economy, but also give them a way to exert some control ... Read more

Announcing the Next System Project

Announcing the Next System Project
For the past two years, The Democracy Collaborative has been developing and incubating a new initiative that complements our community wealth building work. We call this The Next System Project, and today we launch it nationwide under the leadership of co-chairs political-economist and Democracy Collaborative co-founder Gar Alperovitz and Democracy Collaborative Senior Fellow and prominent environmentalist Gus Speth. The Next System Project ... Read more

GEO’s ADWC 3 Conference 2015

GEO’s ADWC 3 Conference 2015
July 10, 2015 in Worcester, MA Grassroots Economic Organizing (GEO) is convening a one-day conference that will focus on this emergence. It will take place at Worcester State University (WSU) in Worcester, MA. Read more

How Central Banks Harness Governments

How Central Banks Harness Governments
The ECB’s Noose Around Greece. Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat. By ... Read more

Research: No Positive Economic Impact From Sports Franchises

Research: No Positive Economic Impact From Sports Franchises
R.I. GOP official Steven Frias says research finds no economic benefit from having sports franchise. By Eugene Emery, Jr. in Politifact.com Debate has begun over a proposal by the new owners of the Pawtucket Red Sox to move the team to Providence, where they want to build a new riverfront stadium. The project is still in the planning phase, but the owners have said they intend to ask for some financial support from the state and the city, ... Read more