Reprinted from Yes! Magazine (September 23, 2011) Big banks freeze out small business, but North Dakota’s state bank supports local jobs. The idea is catching on. By Stacy Mitchell One of the most significant, but least noticed, consequences of the rapid and dramatic consolidation of the banking industry over the last decade is how…
Reprinted from Yes! Magazine North Dakota has had the nation’s lowest unemployment ever since the economy tanked. What’s its secret? by Ellen Brown In an article in The New York Times on August 19th titled “The North Dakota Miracle,” Catherine Rampell writes: Forget the Texas Miracle. Let’s instead take a look at North Dakota, which has…
How the buccaneers and privateers of days past came to be the Wall Street profiteers of the present. by David Korten This is the tenth of a series of blogs based on excerpts adapted from the 2nd edition of Agenda for a New Economy: From Phantom Wealth to Real Wealth. I wrote Agenda to spur…
Published in Yes! March 5, 2011. Reprinted with permission. An answer to state budget woes that doesn’t need to involve sacrificing workers’ rights. by Ellen Brown Public sector worker sitting in a bar: “They’re trying to take away our pensions.” Private sector worker: “What’s a pension?” As states struggle to meet their budgets, public…
Published in Yes! December 22, 2010. Reprinted with permission. There was plenty of disappointment and hardship this year. But the year also brought opportunities for transformation. by Sarah van Gelder It was a tough year. The economy continued its so-called jobless recovery with Wall Street anticipating another year of record bonuses while most Americans…