Inspiring: Reimagining the Economy News Articles
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Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the countrys economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the islands banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association. You could safely say that Iceland holds the world record in household debt relief, said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that. Most polls now show Icelanders dont want to join the European Union, where the debt crisis is in its third year. The islands households were helped by an agreement between the government and the banks, which are still partly controlled by the state, to forgive debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer need to cover krona losses.
Note: The amazing story of the Icelandic people demanding bank reform is one of the most underreported stories in recent years. Why isn't this all over the news? To see what top journalists say about news censorship, click here. For blatant manipulations of the big banks reported in the major media, click here.
“Shady Pines, Ma!” If that quip sounds familiar, it’s probably because you spent some happy half hours laughing at the hit Golden Girls sitcom. The character played by Bea Arthur was related to one other roommate — her mother Sophia. The other two characters, Rose and Blanche, were, like Dorothy in their late 40s to mid-50s. Why were these women sharing a single family house? What are the housing alternatives for older and middle-aged singles? For many, it’s co-living, which provides advantages well beyond the financial. “The number one benefit ... is the social aspect of shared housing,” explains Maria Claver [of] California State University. “More than any other lifestyle factor (including smoking, diet and exercise), we know that having social support is the most important predictor of morbidity (or illness) and mortality. Having housemates is not the ideal living arrangement for everyone. For those wanting their own space, but seeking the benefits of community and camaraderie, cohousing is a viable alternative. Cohousing offers all of the benefits of living in community – connection, common meals, frequent activities, knowing your neighbors – but with the added benefit of privacy that isn’t always available in shared homes. When we have access to a social safety net, neighbors who care about us, people who can drive us to doctor’s appointments or bring us meals during a difficult time in life, we are more likely to experience stability and wellbeing.
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For the past decade, every year, Parisians like [Anne-Valérie] Desprez have been able to see their proposals come to life on the streets of the French capital. Under the city’s Participatory Budget, any resident above the age of seven, regardless of their nationality, can propose a project to be paid for by municipal funds. The model, increasingly popular across the globe, is helping authorities spend resources efficiently and boost democratic participation. In Paris, more than 21,000 ideas have been submitted by citizens since the scheme launched in 2014, resulting in 1,345 funded projects and an expenditure of €768 million (almost $900 million), including €263 million set aside for low-income districts. Each proposal must pass a feasibility study by city hall before being voted on by residents. “It is a very good device and it’s important,” says Yves Sintomer, a French researcher and co-author of the book Participatory Budgeting in Europe. It’s led to the creation of rooftop farms, children’s play areas, community art murals, shade structures and baggage storage for the homeless, as well as a number of projects at the [Cherry Sociocultural Center], which was founded in 1999. In 2017, following the center’s first successful budget proposal, benches were installed in the street out front, providing a place for people to congregate for free. Further funding from the participatory budget enabled the center to buy a cargo bike — shared with other local businesses — for short-distance deliveries in 2019.
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Each year, beginning in the fall, a group of third-year architecture students from Auburn University take up residence in a small rural Alabama town to begin building a house. In the winter, when a new semester begins, they are replaced at the Newbern, Alabama, project site by another cohort of 16 students who finish up the job and prepare the house for its new occupants. The 20K Home Project began 13 years ago as a challenge to architecture students at Auburn to build a $20,000 house, with $12,000 in material and $8,000 for labor. The idea was to create the perfect house for needy families in rural areas where dwellings are often substandard and where affordable building can be a logistical challenge. To date, the student-led project has designed and built homes for nearly 30 households as part of Auburns Rural Studio, an off-campus, hands-on architecture program that has also constructed community centers, a library and other projects around Hale County, where Newbern is located. Created in 1993, Rural Studio partners with local nonprofits and uses cash and in-kind donations to cover the cost of the homes. It then makes a gift of the finished houses to low-income Newbern residents. Over the years, Rural Studio has developed design criteria for the homes, which are typically one- or two-bedroom single-family dwellings. In Newbern, a community of just under 200 people in the west-central part of Alabama, the median price of a home is about $65,000.
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Set up in 2019, the Transfarmation Project works with farms across the US that want to ditch industrial animal agriculture, which is typically done as contract work on behalf of big meat companies, and move toward a sustainable, fully independent business model. They provide guidance on how to repurpose existing infrastructure for different crops, but also business advice on how to find the market, set up a website, establish a brand and sell directly to consumers. They also provide research and innovation grants that can help with the finances. The idea is to move beyond a form of intensive farming that has a hugely detrimental impact on the environment, but also to protect the farmers themselves, many of whom find that the concentrated animal-feeding operation (Cafo) model takes a toll on their mental health. “We used to have all these independent farms,” [Iowa farmer Tanner] Faaborg says. “Our family used to have this homesteading lifestyle with some chickens and a big orchard.” That changed for the Faaborgs about 30 years ago when someone from one of the big meat companies knocked on their door. “It became more: we have ... to collect this check, to pay the bills and pay back the loan.” The Transfarmation Project [shows] that a different model is possible, closer to the autonomy of old. For the Faaborgs, the switch has made them feel excited about their work and its connection to nature. They want others to know that a different future is possible.
Note: After meeting an animal rights activist he once viewed as an enemy, a factory farmer took the extraordinary step of exposing the realities of industrial poultry production on his own farm in the New York Times—and now harvests mushrooms and herbs in the very buildings where hundreds of thousands of chickens once lived. Explore more positive stories like this on healing the Earth and reimagining the economy.
Fredy Amador is intimately familiar with the financial struggles people face in the current economy. Northern Illinois’ skyrocketing energy bills make the situation even tougher. Now, Amador has become an evangelist for something that can provide a modest measure of relief: A community solar project, built on a Superfund site too polluted for much else in the city of Waukegan where he lives, about 40 miles north of Chicago. Residents who subscribe to get energy from the solar farm are guaranteed to see savings on their energy bills, under a state program incentivizing solar in low-income areas. The 9.1-megawatt Yeoman Solar Project, which went online last month, can provide energy for about 1,000 households, as well as the Waukegan school district, which owns the land. Such brownfields are attractive locations for solar installations because of “existing electrical infrastructure, lower-cost land, and community acceptance,” noted Paul Curran, CleanCapital’s chief development officer. Incentives from the state initiative Illinois Solar for All helped make the project financially viable, even given extra costs incurred from building on a Superfund site. Solar is a good fit for sites that are too polluted for housing or other types of development. Under the terms of the Superfund remediation, residential use is prohibited at the Yeoman Creek site. The company has developed solar on brownfields and landfills in other states, including a new 822-kilowatt site in Maryland.
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Rajabai Sawant used to pick and sort waste on the streets of Pune with a sack on her back. The plastic she collected from a public waste site would be sold for some money that saved her children from begging. Today, dressed in a dark green jacket monogrammed with the acronym Swach (solid waste collection and handling) over a colourful sari, the 53-year-old is one among an organised group of waste collectors and climate educators who teach residents in urban Pune how to segregate and manage waste, based on a PPPP – a pro-poor private public partnership. Swach was set up in 2005 by a trade union of waste pickers, Kagad Kach Patra Kashtakari Panchayat (KKPKP), which was ... envisioned a scheme that enhanced waste collectors’ work instead of displacing them. These [PPPP] partnerships are contracts between the state or local authority and a group of private individuals that aim to provide a public service while simultaneously alleviating poverty. Of the waste generated by the city, Swach sorts and recycles about 227 tonnes a day (82,891 tonnes a year) that is diverted away from landfills. It saves the city £10m that would have been needed for processing, transportation and human resources. Today, Swach has more than 3,850 self-reliant waste picker members, who provide daily doorstep waste collection services to citizens of Pune who pay a small monthly fee. Under the PPPP, each member is a shareholder and earns about 16,000 rupees (£140) a month.
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A pilot project in a California town is paying homeless residents to tidy up their living areas, and it's changing the culture of the city. The idea stemmed from a conversation with one of the city's police sergeants, said Sarah Bontrager, the housing and public services manager for Elk Grove, a city of 174,000 people located 15 miles south of Sacramento. "We got together to talk about homelessness, and from my prospective I wanted to build better relationships with people who were experiencing homelessness, and he wanted to address some of the complaints that come to his officers," Bontrager told CNN. The number one complaint surrounding homelessness was the amount of trash. "Our public works staff were previously doing cleanups out at encampment sites ... and just spending a lot of time and money doing it. We also wanted a way to reduce interactions at the early stages of Covid," she said. So they came up with the idea to offer an incentive to those who live in the homeless encampments to clean up their area. "We distribute trash bags, and we go out every two weeks to pick up the trash, and if they have it bagged, they are eligible for up to $20 in gift cards to a grocery store," Bontrager said. The recipients can use the gift cards on anything but cigarettes and alcohol. Bontrager said that they usually use them for food or hygiene items. Many of the homeless residents have expressed how thankful they are to be able to go pick out items themselves instead of relying on shelters.
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The Standing Rock movement in 2016 brought together Indigenous activists from across the nation to fight against the Dakota Access Pipeline. One of the demands of this movement included divestment from Wells Fargo, a bank that was funding development of the pipeline. This brought into the spotlight ... big for-profit banks that the government uses to invest public money into Wall Street, rather than local communities. Some of those investments include the fossil fuel industry, private prisons, immigrant detention centers, and more. The divestment movement is mostly about getting those government investments ... out of the big banks. The question then becomes where to put them. Some ... say the answer is public banking. In September, the California State Legislature passed Assembly Bill 857, a law that would allow a regulatory framework for public banking in the state. This would allow the establishment of banks that hold the governments money and include socially responsible charters. Debbie Notkin, who works with the California Public Banking Alliance, says that by law, all corporations, which includes private banks, are legally obligated to maximize profit. Public banks are not held to this expectation, however, and are instead mandated to serve their communities. Community investments have unlimited possibilities, including affordable housing, saving people from foreclosure, making student loans more affordable, and creating more infrastructure to defend against the effects of climate change.
Note: Ellen Brown is a dedicated researcher who has promoted public banks for years. Check out her excellent work on her website at https://ellenbrown.com. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The world looks a little brighter from the front porch of your own home. It's a sight more than 200 formerly homeless people are waking up to each morning at the Community First! Village in Austin, Texas. And they can take their time getting used to it; residents are invited to stay for the rest of their lives. Community First! Village is built and run by the nonprofit Mobile Loaves & Fishes to lift the most chronically homeless off the streets and into a place they can call home. They live in about 100 RVs and 125 micro homes arranged on streets with names like "Peaceful Path" and "Goodness Way." Heavy machinery has broken ground on the neighboring 24 acres to add another 310 housing units. When complete, Mobile Loaves and Fishes believes it will be able to provide permanent homes for approximately 40% of the chronically homeless in Austin. The 51-acre planned village was designed to create a sense of community. The homes are "micro" on purpose, providing just enough comfort and privacy but small enough to encourage the owners to step outside. There they find front porches dotted along stone-paved paths that lead to community kitchens, laundry and wash rooms, meeting halls, playgrounds, a dog park, a barber shop, an outdoor movie theater, a medical facility and a community market. New residents might initially keep to themselves, but it is hard to resist the smell of Texas barbecue on the grill, or the sight of fresh vegetables grown on site and being sliced for the community potluck dinner.
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The Mt. Airy Babysitting Co-op is a beloved local institution that has been running since 1974. The premise is simple: Families in the co-op provide each other with free childcare. A point system — once tracked in a pen-and-paper ledger, now in Google Sheets — ensures that everyone contributes their fair share. Every half an hour is worth one point, with extra points for things like looking after multiple children or sitting after midnight, explains [Stef] Arck-Baynes, who now serves as the co-op’s membership chair. “If you do a sleepover, points are raining down on you!” With rising living costs and a growing childcare crisis, communal arrangements like this can be a lifeline for parents living far from extended family or still looking to build their “village.” It goes beyond saving money, says Arck-Baynes. Knowing that the evening’s babysitter is a fellow parent can make for a more trusting relationship. There are currently 17 families in the co-op. The logistics can seem overwhelming at first — there’s a vetting and voting process for new families, 16 pages of bylaws and a rotating secretarial role for coordinating sits and recording points. But it becomes second nature once you get a handle on it, says Arck-Baynes. “We’re constantly talking about how to make the process easier.” Mama geht tanzen (Mom’s going dancing) events have spread across cities in Germany, Austria, Switzerland, France and the Netherlands. Their “After-Care Parties” start at 8 p.m. and wrap up by 11, so moms can go clubbing without sacrificing their sleep (or their nerves) the next day. DJ Nikki Beatnik launched Mums that Rave in the U.K. after the birth of her child in 2019.
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It’s 4pm on a Friday, and the staff at Home Kitchen, north London’s buzziest new restaurant, are prepping for another busy evening’s service. Not only is the restaurant run not-for-profit, but nearly all of the staff members have experienced homelessness: a first of its kind in the fine-dining industry. The project is run by a five-strong team, which includes two-time Michelin-starred chef Adam Simmonds and Soup Kitchen London director Alex Brown. Home Kitchen partnered with homelessness charity Crisis and social enterprise Beam to fill eight kitchen and eight front of house roles, when they opened their restaurant in autumn 2024. Other partners include the Beyond Food Foundation, the Only A Pavement Away charity and fellow charity, The Passage. Funded by a £500,000 crowdfunding drive and social investment loans, Home Kitchen provides staff with a comprehensive package that’s designed to help them avoid returning to homelessness. The 16 staffers are employed on full-time contracts, paid at London Living Wage, have their travel cards covered for zones one and two, and receive catering qualifications in addition to in-house training. The employee support offered by Crisis and Beam is ongoing, while the Home Kitchen team leaders take it upon themselves to check in with staff every day. “[There’s] a lot of support, a lot mentally. If someone’s upset, straight away they’ll take them to a corner and be like: ‘Talk to me, what’s happening?’ It’s really, really, really nice,” [French-Algerian chef] Mimi says. At the end of daily service, the team sit down and break bread (literally) with a communal meal. “It’s a brilliant team. Everybody supports everybody,” adds Jones, with a smile. “When service starts, we’re all equal.”
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“Community-owned cooperative real estate” ... was developed a decade ago by a nonprofit legal group and a nonprofit neighborhood group in Oakland, Calif., and has been refined by legal and development groups in Atlanta, Boston, Minneapolis, Philadelphia, Portland, Ore., and other cities. The cooperative strategy enables neighborhood groups to finance unconventional construction or renovation projects that banks and institutional lenders, which prefer strong cash-flow operations, won’t touch. Much of the approach stems from efforts by the federal and local governments to make it easier for small investors to put money into real estate developments. Federal rules once barred small investors — those whose net worth is less than $1 million or who make less than $200,000 a year in income — from participating in development projects; that changed in 2015. At the same time, a few states enacted laws allowing small investors to put their money into local developments. “Until that change, 90 percent of the residents in a community couldn’t make direct investments in a real estate project,” said Chris Miller [with] the National Coalition for Community Capital, a nonprofit group. “Michigan allows nonaccredited investors to invest up to $10,000 in a project now.” In Oakland, the East Bay Permanent Real Estate Cooperative is widely credited with being one of the first community groups to apply the community-owned cooperative concept to a neighborhood project.
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Britni Ricard is the CEO of her own cosmetics company, COTA Skin Care, which she started in 2019. Last year, she also became a landlord when she bought her first investment property. The apartment building in New Orleans has 10 units and, according to Ricard, many of the tenants are single women with children. That made her think of her own childhood growing up in public housing, and how difficult Christmastime could be for her mom. "It was tough," Ricard told CBS News. "My mom was a single woman raising three children alone, and watching her continuously struggle as a child and wanting to figure out, 'How can I help?'" In November, Ricard gathered her tenants for a pre-holiday meeting and, while decked out in a chartreuse suit, she delivered a gift to her tenants that would make Santa Claus green with envy: one month of free rent. A video of her surprise announcement went viral on TikTok. In the video, Ricard also offered to organize a seminar to help her tenants become homeowners. Kedesha Dunn lives in one of the building's units with her two boys. The single mom said Ricard's gift would allow her family to celebrate more and worry less. "Now I, you know, I don't have to go try to take a loan out or something like ask my family for money," Dunn said. "Like, I can do it now. Like, I can do it." "I'm an emotional person," Dunn added. "I start to cry. 'Cause I'm just like, that is so sweet. She's uh, better than Santa Claus at this point. ... Like a guardian angel."
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Having learned from other cities’ attempts to address homelessness, Albuquerque, New Mexico, has opened a village of tiny homes (THV). It hopes fostering a sense of community will prepare residents for permanent housing. But villagers aren’t supposed to spend too much time in their new homes. The center of the community is the “Village House,” where residents can cook, do laundry, hold meetings, go to the library, and watch television. They also do chores and help run the village. When people experiencing homelessness move off the street, “they lose [their] community,” says Ilse Biel, resource manager for the THV. “It takes forever to forge a new community.” “With this model we’re almost trying to force the issue,” she adds. The THV provides access to an occupational therapist and psychiatric nurse, as well as volunteers who help residents with computer skills, résumé building, and mock interviews. What Henry Esquivel likes most about his new house is the blast of cold air it delivers when he walks in. It’s a big change from the Ford F-150 he used to sleep in. It’s more spacious too, despite his new house being just one room. And it comes with neighbors – all of whom, like him, recently experienced homelessness. A few doors down is Mark Larusch. The father of three has potted plants and an Adirondack chair on his patio. A few doors further away is the woman whose large, black Labrador, Dottie, greets Mr. Esquivel excitedly every day.
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There’s a new “village” in Los Angeles — and it’s filled with tiny homes. Earlier this month, nonprofit Hope of the Valley Rescue Mission opened its first “Tiny Home Village,” to help combat homelessness. The first village ... has 40 tiny homes and 75 beds that Hope of the Valley will be offering to people who are trying to find permanent housing. Each of the tiny homes is 64 square feet and has two beds, heating, air conditioning, windows, a small desk and a front door that locks, according to the website and a video tour of the village led by Hope of the Valley founder and CEO Ken Craft. Residents will also have access to a hygiene trailer, with five showers, five toilets and five sinks and a laundry facility, which has five washers and dryers. Residents will also be given three meals a day and some of the tiny homes are even wheelchair accessible. The village is also pet-friendly and has a dedicated dog run, according to Craft’s video tour. Support services such as case management, housing navigation, mental health help, job training and placement will be provided to residents onsite. “This is an incredible community where people will live together, but they all have something in common: they’re trying to exit homelessness,” Craft said during the tour. “They’re trying to overcome the obstacles and barriers that are keeping them unhoused.” The Chandler Boulevard village is the first of its kind in the Los Angeles area. However, Hope of the Valley is planning to open another village in April.
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Harriet Nabukwasi is saving up. So far, shes saved up enough to pay surveyors 100,000 Uganda shillings (21) to continue the process of registering my land, she says. Now, I even pay school fees for my children. I am happy now. Nabukwasi is able to save for her goal because of her work with Solar Sister, a not-for-profit social enterprise that has created a network of female entrepreneurs. The organisation recruits women (and some men) in the most impoverished and remote areas of Uganda to sell affordable solar lamps, mobile phone chargers and fuel-efficient stoves. As well as earning money, Nabukwasi now lights her house with a solar lamp, cooks on energy saving stoves, charges her mobile phone from home, and her children no longer have to rush to finish their homework before dusk. Solar Sister has been a game changer, she says. At least 877 Solar Sister entrepreneurs now work in Uganda, more than three-quarters of whom are female. The organisation has attracted more than 2,000 entrepreneurs in Uganda, Tanzania and Nigeria since 2010. In Uganda, only 20% of the population has access to electricity while more than 50% of rural households rely on open kerosene lamps. But such lanterns are fire hazards, emit toxic fumes and strain family budgets. An entrepreneur needs initial capital of at least 200,000 shillings (42) to become a Solar Sister. We want [the entrepreneurs] to take this as their business, says [Solar Sister Uganda country manager Clare] Achola.
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This year, [Vermonters for a New Economy] urged citizens to petition to place the public-banking question on the agendas of town meetings across the statedistributing information outlining a proposal to turn the Vermont Economic Development Authority (VEDA) into a state bank. Last week, at least twenty Vermont town meetings took up the issue and voted yes. In many cases, the votes were overwhelming. Vermont is not the only state where public banking proposals are in play. But the town meeting endorsements are likely to provide a boost for a legislative proposal to provide the VEDA with the powers of a bank. The bill would create a 10 Percent for Vermont program that would deposit 10 percent of Vermonts unrestricted revenues in the VEDA bank and allow VEDA to leverage this money, in the same way that private banks do now, to fundunfunded capital needs. The legislation would also develop programs, often in conjunction with community banks, to create loans which would help create economic opportunities for Vermonters. Among the most outspoken advocates for the public-banking initiative is Vermont State Senator Anthony Pollina, a veteran Vermont Progressive Party activist and former gubernatorial candidate, who argues that it doesnt make any sense for us to be sending Vermonts hard-earned tax dollars to some bank on Wall Street which couldnt care less about Vermont or Vermonters when we could keep that money here in the state of Vermont where we would have control over it and therefore more of it would be invested here in the state.
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A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. Businesses and individuals form a network to print currency. Shoppers buy it at a discount say, 95 cents for $1 value and spend the full value at stores that accept the currency. Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts. Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash. Jackie Smith of South Bend, Ind., who is working to launch a local currency, [said] "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace." During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage. Pittsboro, N.C., is reviving the Plenty, a defunct local currency created in 2002. It is being printed in denominations of $1, $5, $20 and $50. A local bank will exchange $9 for $10 worth of Plenty. "We're a wiped-out small town in America," says Lyle Estill, president of Piedmont Biofuels, which accepts the Plenty. "This will strengthen the local economy. ... The nice thing about the Plenty is that it can't leave here."
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The chain of command at PV Squared, a solar panel installation company in Massachusettss Pioneer Valley, is admittedly convoluted. Technically, Im Kims boss, says general manager Jonathan Gregory of bookkeeper Kim Pinkham. But Kims on the board, and the board oversees my position, so technically shes my boss. As members of a worker-owned cooperative, the 40-plus employees elect their own board of directors and make decisions based not on majority rule, but by consensus. When theyre not holding the microphone, members at meetings express themselves with hand signals: a flat palm for a question or statement, a raised index finger for direct response, and a hand cupped in a C for a clarification. Currently, worker-owned entities employ about 17 million people, or 12% of the U.S. workforce. Such business can take a variety of forms, from equity-sharing plans like those found at Publix super markets, Land OLakes, and King Arthur Flour, to more radical models, like at PV Squared. By far the most common are employee stock ownership plans, or ESOPs. On the other end of the spectrum are workers collectives ... where there is no hierarchy. Collective Copies, a copy shop with 11 workers and locations in Amherst and Florence, Massachusetts, operates according to this model. After a trial period of six months, new hires are invited to become owners. Everyones on the board of directors, says Matt Grillo, a worker-owner who has been with Collective Copies for 20 years.
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