Sister Nirainjana has been invited by the founding member of Consumers for Peace, Nick Mottern, to speak at a People's Bailout Rally on Saturday, December 13th at 12 noon in White Plains, NY. He has asked her to speak about how Prout principles relate to the current economic crisis:
This Saturday, Dec. 13 is the day of the “People’s Bailout March and Rally,”
starting at noon at the fountain in White Plains at the intersection
of Main Street and Mamaroneck Avenue.
The purpose of this gathering is to put forward items that we want to see Congresswoman Nita Lowey
introduce into the “stimulus” legislation that will be drafted in
Congress for the signature of Barack Obama the day he is inaugurated.
We will be asking people to fill out index cards to be given to the
Congresswoman after the rally, listing those things they want to see
funded.
At the same time, we will be calling for two legislative goals that will
HELP KEEP MONEY IN OUR POCKETS.
1. CAP CREDIT CARD AND MORTGAGE INTEREST RATES AT 5%.
Cong. Maurice Hinchey, from across the Hudson, introduced a bill
earlier this year to cap credit card interest rates at 20%. The 5% cap
recommended by Public Citizen is better. Mortgage interest rates
in some places are near 5%; this should be the maximum.
On our march from the fountain to Ms. Lowey’s office at 222
Mamaroneck Avenue, we will be pausing at the following banks to
distribute flyers on capping the interest rates.
Peoples United Bank
Capitol One Bank
Emigrant Savings
HSBC
M&T Bank
SMU economics professor and best-selling author Ravi Batra doesn't stay quiet when he smells a rat.
When Batra talks, alarms often go off.
And, just after Batra finished telling a government class that President-elect Barack Obama won’t be able to turn around the economy for at least three years, the fire alarms at Eastfield College went off early Tuesday morning.
For Eastfield students, it was the second day in a row that fire alarms had sounded.
For Batra’s students, alarms are nothing new.
Batra, known for writing The Great Depression of 1990, doesn't like the government bailing out the banks.
Batra, who also spoke recently at Richland College, said the United States is facing a terrible credit crisis, and the bankers have done it again. He doesn’t think Obama’s new economic team can immediately make a difference.
“Because there will be another election in two years,” Batra said. “It will take two or three years.”
Batra, author of The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos said making a living and investing will be difficult because of corruption.
"Whenever a crisis appears, Wall Street jumps to the front row to profit from it," Batra said. "America, wake up and say no to the worst plan yet devised for crisis profiteering."
The often-controversial author said that instead of solving a problem in the housing market, the bailout money is going to the wrong people and institutions.
Funasia Radio host, Moody, interviewed SMU Professor Ravi Batra on financial collapse, November 9
Host: We are here with economist Ravi Batra to answer all your questions about the financial collapse. He has written numerous books including a new one available at barnesandnoble. com. How are you?
Ravi Batra: I’m ok.
Host: Tell me everything about the economy, people are curious to know about the future and how you thought Obama was going to be the President elect.
RB: This book that you mentioned, the title is ‘The New Golden Age: The coming revolution against political corruption and economic chaos’. This title I selected for a purpose. I wrote the book at the end of 2006. And so two years later there is a revolution already happening in America and in fact I mention that the revolution would start from the year 2009, and senator Obama would be President at that time. What is the revolution? The revolution is the end of rule of money in politics. There is too much money corrupting the politicians and other government officials. This corruption is the root cause of our economic crisis today.
Social Entrepreneurs:Transformers of Business and Society
By Dan Butts and Mike Whitty
Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.
Bill Drayton, CEO, chair and founder of Ashoka, a global nonprofit organization devoted to developing the profession of social entrepreneurship
Social entrepreneurs combine street pragmatism with professional skill, visionary insights with pragmatism, and ethical fiber with tactical thrust. They see opportunities where other only see empty buildings, unemployable people and unvalued resources. Radical thinking is what makes social entrepreneurs different from simply “good people.” They make markets work for people, not the other way around, and gain strength from a wide network of alliances…
John Catford, Tactics of Hope: How Social Entrepreneurs Are Changing Our World, xv
Size, ownership, and accountability are the main issues. Smaller enterprises, with local roots and equitable ownership of productive assets, combined with democratic regulation are essential for socially just, efficient, and sustainable enterprises.
Alternatives to Economic Globalization: A Better World is Possible, 296
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