Word: capitale
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One hallmark of the Mondragon model is its use of capital. Rather than flowing into the pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions...
KP: Since we finished the book, we?ve found that more-equal societies are more innovative in terms of patents granted per capita. This is probably because they develop more human capital. Kids do better in school, and social mobility is higher. We need innovation to tackle climate change.
So 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...
First, the good news. Iraqi officials finally settled on a date for the country's second parliamentary election since Saddam Hussein was deposed in 2003, breaking a deadlock caused by months of sectarian disputes. But two days later, a series of car bombs in Baghdad killed at least 127 people...
A solution looked possible because Nigeria's government was finally conceding that the rebels' demands - increased development and the environmental repair of the delta - were justified. "The militants are not asking for anything unusual or extraordinary," Defense Minister Godwin Abbe told TIME at his offices in the capital Abuja earlier...