Word: banke
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...opened a polytechnic school, which in 1956 spawned its first cooperative, a stove factory. Half a century later, the Mondragon enterprise encompasses firms making everything from machine tools to electronics to bicycles, along with a retail division, a university and a significant financial sector, with the large cooperative bank Caja Laboral at its core...
...Canada. Says USW's Rob Witherell: "Initially we are looking to convert an existing manufacturing operation." As for financing new ventures, he adds, "There's a significant amount of infrastructure already in place in the U.S. to assist in the development of cooperatives, such as the National Cooperative Bank and the National Cooperative Business Association. It's possible the NCB could function in a Caja Laboral ... role for us here...
...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...
...medicinal should be planted instead of disorganized planting drives that just inflate numbers. A case in point is the mass planting of a eucalyptus species in India a couple of decades ago that turned out to be disastrous for water levels in some areas. Properly done, the tree bank of the globe will bloom and so will the prospects for our polluted planet. Bhaskar Ganti Kanpur, India...
...article 'Wikiworld' (3 February 2009) we repeated several claims about Jimmy Wales, the Wikipedia founder: that he had a company that dealt in 'soft porn' and was short-lived: that he had had to defend himself against 'allegations from former colleagues that he used Wikipedia as a personal piggy bank': that he faced controversy over his age and 'doctored his own Wikipedia entry to knock it down a couple of years: and that there had been speculation and board in-fighting about Wales's relationship with the organization. Jimmy Wales has pointed out that we repeated allegations which have...