The Kiwibank & Japanese Model : Postal Banks to Serve Local Communities Banking in post offices is not new. Many countries, including Germany, France, Italy, Japan, and New Zealand, have a long and successful history of it and so does the United States. If the USPS added banking, it could […]
Poverty
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The American Legislative Exchange Council (or ALEC), which helps corporations write model legislation, has paved the way for states and corporations to replace unionized workers with prison labor. [ British Petroleum hired prison labor to clean up their spill – while Gulf residents struggled economically ] In fact, prison labor […]
Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to […]
Our food is under threat. It is felt by every family farmer who has lost their land and livelihood, every parent who can’t find affordable or healthy ingredients in their neighborhood, every person worried about foodborne illnesses thanks to lobbyist-weakened food safety laws, every farmworker who faces toxic pesticides in […]
Before Greece and Portugal, it was Iceland that chilled investors. Now the country’s finances are recovering and its bonds are turning into a lucrative investment. Fitch has upgraded Iceland’s sovereign credit rating from BB+ to BBB- with a stable outlook. The rating agency lifted “the junk bond status” saying the […]
Rumours that Greece was ready to ditch the Euro saw the currency drop by one per cent against the dollar. [youtube]z9Kn4vTZRqs[/youtube] A German magazine said Greece was planning a pullout of the Eurozone and restore the drachma, as it struggles under the weight of its rescue debt. Leading Greek politicians […]
Today, without much fanfare, US debt to GDP hit 101% with the latest issuance of $32 billion in 2 Year Bonds. If the moment when this ratio went from double to triple digits is still fresh in readers minds, is because it is: total debt hit and surpassed the most […]
It was a National Day of Action for the members of the Occupy Wall Street Movement. On Monday, the movement spoke out against the private prison industry. The prison industry is said to have a lot of influence and power and gains major profits from keeping people behind bars. In […]
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