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...Witherell stresses that the union aims to implement the basic principles of worker ownership and democratic governance rather than precisely replicate the Mondragon model. Still, he says, success comes down to well-run companies that meet a need. "The people who formed these co-ops did not do so because of some egalitarian ideal - they did it out of the necessity to feed and provide for their families...

Author: /time Magazine | Title: In Cleveland, Worker Co-Ops Look to a Spanish Model | 12/22/2009 | See Source »

...book exploring Detroit's history and future. "I'm not interested in this sort of blind optimism," she said recently when asked to consider what's needed to revive Detroit. Government's fundamental functions must be reconsidered, she said, so citizens can regain confidence that it will provide basic services. She added, "There's huge potential here...

Author: /time Magazine | Title: Detroit's Last White City Council Member | 12/18/2009 | See Source »

...equivalent—the cuts to hot breakfast. After all, the usurpation of our morning meal has a historical precedent, too. In the late 1970s, the university, facing budget cuts and an oil crisis, stripped students of their dietary rights. But even then, it did so with a few basic provisions to ensur the health, safety, and satisfaction of its students. The administration lowered board costs to reflect the change, and still served hot breakfast during exam period so that students trudging Yardward to take exams under the threat of “incommunicado” imprisonment would at least...

Author: By Jeffrey J. Phaneuf | Title: Behold, Cold Breakfast Stinketh! | 12/16/2009 | See Source »

...Nonetheless, the deal will be costly for Citi. In order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...

Author: /time Magazine | Title: Citi's TARP Repayment: The Downside for a Troubled Bank | 12/15/2009 | See Source »

...Gaza’s students. Israel also bans Palestinian students in Gaza from studying abroad. In May 2008, Palestinian students who received Fulbright scholarships were not allowed to leave Gaza because of Israel’s crippling siege. Israel’s systematic denial of Palestinians’ basic human and civil rights should be confronted, not legitimized, by academic institutions...

Author: By Abdelnasser A. Rashid | Title: Defending the Indefensible | 12/14/2009 | See Source »

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