Los Angeles: a public bank with a mandate to serve the people?

Posted Posted in Banks, City council, Employment, Energy, Environment, Finance, Local economies, Low carbon, Manufacturing, Renewable energy, Tax, Transition

Voters in Los Angeles will be the first in the United States to choose whether to set up their city’s own public bank to serve the people instead of private interests. LA’s charter currently prohibits the creation of industrial or commercial enterprises by the city without voter approval. The City Council voted on June 29th […]

Join Local Futures at Earth, Culture, Economy

Posted Posted in Banks, Economy, Environment, Events, Food, Government, Health, Local economies, Transition

25th-29th June | Schumacher College, Totnes, UK   What would the world look like if humans lived harmoniously with nature rather than creating environmental mayhem? What strategies can be employed to overcome the entrenched power of big business, big banks, and big government? We’ll dig into these questions in Earth, Culture, Economy, an open course […]

Complexity or resilience?

Posted Posted in Banks, Economics, Energy, Finance, Globalisation, Local economies, Microfinance, Renewable energy

In the Times, Ed Conway (right), economics editor of Sky News, describes problems arising from the complexity of ‘the hallmark of 21st-century life’ and the International Alliance for Localization records examples of new modes of development and progress. Conway writes about the vast supply chains, financial instruments and legal structures ‘sitting beneath every industry’: Where […]

International Alliance for Localization: Local Futures

Posted Posted in Banks, Economics, Export-led growth, Food, Globalisation, Import substitution, Local economies, Localisation, Low carbon, Procurement, Sustainability, Trade, Transition

In the Times, Ed Conway, economics editor of Sky News, describes problems arising from the complexity of globalisation, ‘the hallmark of 21st-century life’ and the International Alliance for Localization records examples of new modes of development and progress. He concludes: “Globalisation, once a means of boosting everyone’s income, has instead evolved into an excellent vehicle to […]

Economic Prospects for 2017: Andrew Simms – New Economics Foundation

Posted Posted in Bank of England, Banks, Books and articles, Economics, Finance, Renewable energy

              As John Nightingale who sent the link says, this ‘reads well’:  Each year the Financial Times conducts a survey of leading economists on the UK’s upcoming prospects. The New Weather Institute is part of that survey and predicts a bumpy ride. A lot of the FT material sits behind a paywall, so for interest […]

Time Banks summary

Posted Posted in Banks, City council, Democracy, Economy, Government, Local economies, Social Enterprise, Transition, Uncategorized

Assembled because of the 15th October, Public Timebanking event in Birmingham The world’s first time bank is said to have been established in 1973 by a Japanese woman. The benefits that older time bank members derived included formation of new friendship networks to replace those lost by retirement and the chance to use old skills […]

Could Brummie bonds fund house building?

Posted 2 CommentsPosted in Banks, City council, Devolution, Economy, Finance, Government, Housing, Local economies, Local government, Localisation, Planning, Politics, Transition

City councillor John Clancy, who once worked in the venture capital market, explains in a Chamberlain Files article,  [accessed via the Brummie], that  ‘Brummie bonds’ can provide much needed investment and kick-start building by local councils and housing associations across Birmingham. Some readers will remember that the Brummie Bonds concept was incorporated in the 2003 […]

Syriza MPs help to promote the social economy by donating 10-20% of their wage

Posted Posted in Banks, Co-operatives, Democracy, Economy, Employee ownership, Finance, Food, Local economies, Microfinance, Mutuals, Planning, Politics, Retail, Social Enterprise, Transition

In a Co-operative News article, Anca Voinea notes that  Syriza has highlighted the importance of reviving the co-op movement, seeing it as a distinct economic model that would be part of their movement for a broader social and solidarity economy. Syriza had shown interest in the movement over the last two years and is preparing […]

Interest rates in the UK. Heading up

Posted 2 CommentsPosted in Bank of England, Banks, Democracy, Economics, Economy, Statistics

Mainstream economic commentators are currently anticipating an upward movement in interest rates in the UK. Many even anticipating it to occur in the immediate run up to the General Election. However, rates paid by borrowers in the UK are already some of the highest in Europe.  And the lending rates are until very recently clearly […]

Award for LWM co-founder of the Aston Reinvestment Trust

Posted Posted in Banks, Employment, Finance, Local economies, Trade

The Citi Foundation and Community Development Finance Association awards recently recognised several organisations finding innovative ways to finance the communities that need it most. Pat Conaty received an individual award for working to improve access to finance and support the community development finance sector. On the right is Shamima Begum, the other individual award winner. […]