Organic food sales are exploding. Target’s initiative is called ‘Made to Matter,’ and it will nearly double the number of sustainable and organic products it sells.
Workers at Walmart, and now T.J. Maxx, will see wages rise to $10 an hour next year for those who have been there at least six months. TJX Companies said Wednesday that they would increase pay for their lowest-paid workers to $9 an hour in June.
The idea behind Debt Collective, is simple: to create an organization—a labor union of sorts—that brings together people with massive student debt so that they can force change. In some ways, their debt has become an asset: “If you owe the bank thousands of dollars, then the bank owns you. But if you owe the bank millions, then you own the bank.”
Following the legalization of cannabis in 2012, voters decided to excise a 15 percent tax on pot to go towards schools, with an additional 10 percent to go to lawmakers. But due to a quickly growing economy, Colorado is now obligated to give back about $30.5 million.
Operation Choke Point is an unconstutional backdoor way of closing otherwise legal companies by cutting off their access to the banking system and capital. If they can’t deposit their revenue in a bank account or accept credit card payments they are effectively shut down. There are three problems with Operation Choke Point. The first is procedural. The President, through the DOJ, the FDIC, and the new Consumer Financial Protection Bureau, implemented new regulations without Congress passing any law or even being informed of what was going on. This executive action was an end run around the legislative process and it prevented any type of public discussion or input on it.
Would practicing workplace democracy and working together be easier if our media and our education system gave us as many visions of collaboration as they do of competition? What if we were encouraged to participate in our communities as much as we are pushed to purchase stuff? If we measured prosperity not by how high we could pile up resources, but how widely we could spread them out, would our heroes, not to mention our economy look different? We believe so. Own the Change: Building Economic Democracy One Worker Co-op at a Time is one contribution to a broader vision.
A bill has been introduced in the House of Representatives which seeks to quickly and dramatically alter the composition for all current circulating United States coins. Specifically, the bill would require the one-cent, five-cent, dime, and quarter dollar coins to be produced primarily of steel, with the change implemented 90 days after the enactment of the Act.
It has become now a worn-out cliche to point out that central bankers are destroying the world economy. All their stimulus and ‘quantitative easing’ is nothing more than naked money-printing.
Jeff Clark: In the January issue of BIG GOLD, interviewed 17 analysts, economists, and authors on what they expect for gold in 2015. Some of those included what we affectionately call our Casey Brain Trust—Doug Casey, Olivier Garret, Bud Conrad, David Galland, Marin Katusa, Louis James, and Terry Coxon. The issue was so popular that we decided to reprint this portion. I think you’ll find some very insightful and useful reading here…
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans. And its ongoing use of confidential corporate information is defrauding millions of middle-class investors. Yet most presidential aspirants don’t want to talk about taming the Street because Wall Street is one of their largest sources of campaign money.
President Obama’s proposal for tuition-free community college education, and the broader discussion which it has inspired, confirms our belief that it is time for a comprehensive solution to a $1.3 trillion problem: student debt in the United States. We strongly support the concept of tuition-free public higher education, and are encouraged by renewed arguments in its favor. But we must also confront what has been done to the last several generations of students. They have been forced to take on debt that is crippling to them, to our economy and our society. A student debt “jubilee” would reflect both the values upon which this nation was founded, and the economic principles which have sustained it through its greatest periods of growth and prosperity.
According to the U.S. Census Bureau, December, 2014, 1 in 5 of the Millennial generation (birth years from early 1980s to early 2000) live in poverty and have lower rates of employment compared to their Baby Boomer parents of a similar age in the 1980s, one of the most prosperous eras of American history.
Investment banker Catherine Austin Fitts predicts that 2015 is going to be “volatile and violent.” Fitts says, “I think 2015 is going to be a very rough year. I think you have to be prepared for wild swings. We’ve seen oil come down 50%.” Fitts also points out, “The creative destructive aspects are pretty scary.”
A new Wall Street Journal survey finds, barely over one-third of Americans even have enough money to cover a minor car repair or a quick trip to the ER. This means, upwards of 60 percent of the country has to take out a loan or pull out their credit card to cover the cost of any unexpected emergencies.
The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 million dollars, a major hedge fund that had 830 million dollars in assets at the end of December has been forced to shut down, and several major global currency trading firms have announced that they are now insolvent. And these are just the losses that we know about so far. It will be many months before the full scope of the financial devastation caused by the Swiss National Bank is fully revealed.