Word: newe
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Dates: during 2000-2009
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...commitment to one-worker, one-vote democratic governance through a complex, carefully honed organizational structure in which the corporation serves as a kind of metacooperative for the individual companies. Through representatives and resources drawn from the larger network, it provides support for planning, research and generation funding for new businesses...
...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 like the university and research center. In other words, each individual cooperative gains long-term benefits from the financial assets of the whole. (How this would play out in the context of U.S. tax rules remains to be seen.) In Cleveland, the Evergreen Cooperative Development Fund, managed by ShoreBank Enterprise Cleveland...
...late October, the Mondragon Corp. and the million-plus-member United Steelworkers (USW) union announced an alliance to develop Mondragon-type manufacturing cooperatives in the U.S. and 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...
...Islamic nor a Republic," said Karim Sadjadpour of the Carnegie Endowment for International Peace. His immense standing was reflected in the fact that news of his death sent thousands of Iranians streaming to Qom. Grand Ayatollahs walked to his home in a show of respect, while opposition websites reported new protests against the regime at several universities. Several showed video clips of supporters shouting "Montazeri, your path will continue" and "Our green Montazeri, congratulations on your freedom...
...Oxford Book of Carols, first published in 1928, was a landmark book that combined medieval carols, folk songs and Christmas songs from around the world, publishing 201 of them in a 700-page volume. An updated version, the New Oxford Book of Carols, was published in 1992. (Read a story about a church group attacking Christmas commercialism...