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.
The systems generally work like this: 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.
That, and tell us what you did with what you already stole. Full public acts of contrition also gratefully accepted!
NOTE Via (Yves (this [terr|horr]iffic compendium of quotes on The Big Shitstorm)). Read more about Grayson: "Stop stealing our money!"
A little late, but better late than never. Read more about In re Bill Black vs. the OFB: The sane people take over to prevent further damage to the Kos brand
Hint: it has nothing to do with extraordinary rendition and you can find out here:
"That is because the captive insurance scam was systemic. “This was not an isolated case … AIG did that a lot,” a former insurance regulator said, speaking under condition of anonymity. “AIG helped companies set up offshore captive reinsurance companies. AIG would then overcharge on insurance and pay reinsurance premiums to the captives, giving the captive owners tax-free offshore income.”"
The Shrill One provides more horrifying charts, and remarks:
Knowledge is the only thing standing between us and Great Depression 2.0. It’s only to the extent that we understand these things a bit better than our grandfathers — and that we act on that knowledge — that we have any real reason to think this time will be better.
With one caveat: Read more about What Krugman said
GM's electric-powered Puma. Could be pretty cool, and although one does sense the executives reaching deep into the labs for anything tagged "innovative," that might not be such a bad thing:
Puma stands for personal urban mobility and accessibility.
The prototype, which will be debuted in New York, is aimed at urban driving. GM aims to start making them by 2012.
The vehicle, named Puma, can go as far as 35 miles on a single charge. It will use lithium-ion batteries.
Laura Hecox was baffled when an officer from the San Diego County sheriff’s department came to her home in February and said she was being evicted. She hadn’t missed a rent payment on her four-bedroom house since moving there a year-and-a-half earlier.
“They told me to leave, to get a few things together,” said Hecox, 37, who lives with and supports her four kids and mother. “I got booted out just like that.”
N.E. Hills are alive with the debate on whether marriage must be restricted to one husband and one wife - lesbian and gays need not apply. In Vermont, both Houses have passed bills that allow same-gender marriage but the Governor has promised a veto.
Vermont does have Civil Unions, which at the time of passage, appeared to be a big step forward but now as more states are making marriage legal, the push is on to join in or be left behind. Read more about A shakeup of the shibboleths?
Michigan voters made it clear on November 4, 2008 that they wanted to allow the use of marijuana for patients with debilitating medical conditions. Quite a few local law enforcement authorities in the state haven't quite gotten the picture:
MADISON HEIGHTS -- Bob Redden thought he was doing the right thing when he went to a medical clinic in Southfield to get paperwork to qualify himself for medical marijuana.
Federal regulators say consumers should avoid eating pistachios or foods made with the nuts until they can determine that they don't contain any nuts that Setton has recalled. The FDA on Monday also advised wholesalers, retailers, and operators of restaurants and food service establishments against selling or serving any pistachios or pistachio products until they can figure out whether they came from Setton.