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Release of Offshore Records Draws Worldwide Response

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Stephen Cook: If you’re like me, you’re looking for evidence of change in this world. As you may recall, we’ve  posted a number of articles recently about the off-shore tax havens and the super-rich who use them. All those stories have been meticulously researched and produced by a group of independent journalists known collectively as the International Consortium of Investigative Journalists (ICIJ).

The ICIJ has just released an update which shows what’s happened in various countries since this important series of articles came out. The reactions and responses are tangible – and heartening. And there’s a long list of them – from the G20 finance ministers’ meeting, to the US, Canada, Germany, the UK, Spain, Switzerland, Russia, Malaysia, Luxembourg, the Philippines, India, Mongolia and elsewhere, including France, where President Francois Hollande has called for tax havens to be “eradicated”.

Release of Offshore Records Draws Worldwide Response

By Emily Menkes, Kimberley Porteous and Michael Hudson, ICIJ – April 20, 2013

http://www.icij.org/blog/2013/04/release-offshore-records-draws-worldwide-response

ICIJ’s investigative series on offshore secrecy – which draws from a cache of 2.5 million secret records – has ignited reactions around the globe.

Since the initial release of stories by the ICIJ and its media partners across the world, public officials have issued statements, governments have launched investigations, and politicians and journalists have been debating the implications of the records and the reporting.

Last Updated ( Tuesday, 23 April 2013 14:06 ) Read more...
 

The U.S. and other failing economies take note: Iceland may hold the solution to financial woes

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For a more updated article about Iceland check out the BBC this month: http://www.bbc.co.uk/news/world-europe-20936685


Iceland
by Carolanne Wright

(NaturalNews) When the world first learned of the economic collapse in Iceland during 2008, many felt it would be yet another exercise in corruption, bailouts and crippling debt. News reports were prolific in those early days when it looked as though this small country would be thrown into a never-ending downward spiral. But something unprecedented occurred: The people rose up in a bloodless revolution and ousted those responsible for the crash -- namely, the corrupt banking cartel. And now, the Icelandic economy is stronger than ever. Since Iceland's recovery is an exceptional model for other struggling nations, the question begs to be asked: Why is the mainstream media eerily silent about Iceland's victory?

A surprising twist

With the economic collapse in 2008, Iceland began a process which:

- Forced the resignation of their entire corrupt government

- Nationalized the banking system

- Created a referendum enabling citizens to determine their own economic system

- Actively supports on-going investigation, prosecution and incarceration of responsible parties, including top banking officials

- Created a new draft of the constitution by utilizing comments and suggestions via Facebook, Twitter and online forms

- Ceased bailouts -- defaulting on a staggering $85 billion in debt during 2008

Last Updated ( Saturday, 09 February 2013 21:05 ) Read more...
 

Crowdsourcing our economic recovery

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By Van Jones, CNN Contributor

 
Consumers can invest directly in solar projects to help build a more sustainable future, Van Jones says.
Consumers can invest directly in solar projects to help build a more sustainable future, Van Jones says.

STORY HIGHLIGHTS
  • Van Jones: A new breed of companies is leveraging the power of sharing
  • Jones says younger, tech-savvy consumers tend to prefer sharing services
  • He says opportunities for people-driven, shareable, sustainable businesses are many
  • Jones: Together, consumers can start rebuilding the economy from the community up

Editor's note: Van Jones, a CNN contributor, is president and founder of Rebuild the Dream, an online platform focusing on policy, economics and media. He was President Obama's green jobs adviser in 2009. He is also founder of Green for All, a national organization working to build a green economy.

(CNN) -- We are not living up to the promise of the American Dream.

Even now, our leaders are talking about cutting, instead of creating jobs to grow our way out of the deficit. Congress is ignoring big problems, congratulating itself on avoiding a fiscal cliff of its own creation. The federal budget props up broken parts of our economic system -- big banks, big polluters and big defense contractors -- instead of investing in areas such as education and infrastructure that would benefit everyone.

Now, a new breed of companies is leveraging the power of networks and sharing -- and showing us what a more sustainable, prosperous future can look like.

Van Jones
Van Jones

One of the most well-known examples is Zipcar. Its tagline, "wheels when you want them," pretty much sums up the company. Zipcar was just bought by rental giant Avis Budget Group for nearly $500 million as part of Avis' push to compete with Hertz's and Enterprise's new car-sharing services. The demographics of car-sharing customers holds promise for future growth as younger, tech-savvy consumers tend to prefer sharing services.

Last Updated ( Friday, 25 January 2013 18:08 ) Read more...
 
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