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...euros. The Mondragon Corp. maintains its 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...
...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, provides low-interest, long...
...Congress to do his bidding, and as the polls have soured, this has become a much tougher proposition. With the President's approval rating now dipping below 50% in most polls, Democratic pollsters have begun to sound the alarm. In a recent public memo, Celinda Lake, of Lake Research Partners, pointed to a sobering statistic: Presidents with approval ratings below 50% have lost an average of 41 House seats in mid-term elections. (Democrats currently have an 81-seat advantage in the House, so Republicans could gain control of the chamber with a 41-seat pick...
...domestic political year of living dangerously, and the fact that the new Administration bound its diplomacy to tight deadlines and to the same goal as its predecessor - persuading Iran to abandon uranium enrichment, even for peaceful purposes. That combination of factors was clear in the fate of the Tehran Research Reactor fuel deal, which Obama's own deadline had turned into a kind of last-chance ultimatum...
...details of the Tehran reactor-fuel agreement were revealed, Ahmadinejad was savagely criticized across Iran's political spectrum, for incompetence in signing away a uranium stockpile created at considerable geopolitical expense, and for even accepting a link between that stockpile and Iran's need for fuel for a medical research reactor. And as anger at the uranium-swap deal became a cudgel in the hands Ahmadinejad's domestic rivals, his government began demanding changes in the agreement...