Situation Report

Posted on June 28, 2013 by Ellen Brown

 Former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums. Their solution: a complementary currency issued and backed by the local community. The Central Bank of Kenya has now initiated charges of forgery.

Complementary currencies can help eradicate poverty.

Proving that may be difficult in complex economies, due to the high number of factors influencing outcomes. But in an African slum with little of the national currency available, supplying residents with an alternative currency has a positive effect that is obvious, immediate and incontrovertible....

FULL ARTICLE HERE

By John O'Donnell and Robin Emmott

June 26,2013 Reuters

BRUSSELS (Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.

After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank.

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FULL ARTICLE HERE

ecowatch.com - May 16, 2013

Launching today in Canada, Europe and the U.S., TarSandsRealityCheck.com presents up to date, accurate facts about Alberta’s tar sands to counter the high-level pro-oil sands lobbying ongoing in Canada, the U.S. and Europe around the Keystone XL tar sands pipeline, and Europe on the Fuel Quality Directive.

The digital campaign launches the same day Canadian Prime Minister Harper is expected in New York to address the Council of Foreign Relations and promote the tar sands and the Keystone XL pipeline. It also comes just days after the Canadian government launched a new website as part of its massive pro-tar sands PR campaign.

For the first time, world renowned economists, scientists and academics, including Dr. Thomas Homer-Dixon from the University of Waterloo and Dr. Danny Harvey from the University of Toronto, have come together to present peer-reviewed, easy to understand facts about the tar sands that counter misinformation spread by the oil industry’s glossy PR machine.