Life Without Money in Detroit’s Survival Economy

How the city’s neglected poor rely on time banking, skill-sharing, and giveaways to get – Published on Bloomberg, by Valerie Vande Panne, January 12, 2017.

When her car broke down, Halima Cassells didn’t have $400 to fix it. But she had logged hours in her Detroit neighborhood time bank by babysitting, and that time yielded a repair. When she was pregnant in 2012, she couldn’t afford baby clothes, a stroller, or a car seat. But she could throw a potluck barbecue, and her friends could afford to bring their old baby supplies. “When people come together to share, it’s not transactional,” says Cassells. “Everyone assumes an amount of responsibility with everybody. It’s a different way of knowing your needs are being met.”   Continuer la lecture de « Life Without Money in Detroit’s Survival Economy »

Corbyn is Right on Bosses’ Pay

Published on Dissident Voice, by Adnan Al-Daini, January 13, 2017.

A maximum of 20 times the wage of their lowest-paid worker. The Leader of Britain’s Labour Party, Jeremy Corbyn, has proposed that bosses’ pay should be no more than 20 times the wage of the lowest-paid worker in the company. The salaries of top bosses have reached grotesque levels as a multiple of average pay. For example, the average pay of the CEOs of the FTSE100 companies in Britain has gone up from 47 times average wage in the 1990s to around 180 times today. Continuer la lecture de « Corbyn is Right on Bosses’ Pay »