Word: worthing
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...market, the bright, cheerful logos for Local First Arizona, Think Boise First, Our Milwaukee, and homegrown versions across the states. The apparent message is "let's-support-local-business", a kind of community boosterism. But buying close to home may be more than a feel-good, it's-worth-paying-more-for-local matter. A number of researchers and organizations are taking a closer look at how money flows, and what they're finding shows the profound economic impact of keeping money in town-and how the fate of many communities around the nation and the world increasingly depend...
...Christian Gelleri, a former Waldorf high school teacher in the Lake Chiem area in Germany, has launched a regional currency, the Chiemgauer, equivalent in value to the Euro. According to Gelleri, the Chiemgauer, accepted at more than 600 businesses in the region and with about $3,000,000 Euros worth in circulation, has three times the velocity of the Euro, circling through the economy an average of 18 times a year as opposed to 6. One reason for the fast turnaround is that the Chiemgauer is designed to encourage spending: there is a 2% demurrage fee for holding onto...
...hard to argue against Greenpeace for taking such a hard line. Yes, recycled TP is not the world's softest, but next time you're on the can, ask yourself whether it's really worth tapping an ancient forest to create the ultimate disposable product...
...Gabon begins a month of mourning and condolences pour in for President Omar Bongo, the world's longest serving President, who died on Monday at 73 in his 42nd year in power, it's worth remembering that Bongo was precisely the kind of leader Gabon, and Africa, could have done without. Gabon has a tiny population (1.4 million) and vast oil reserves, and after four decades of exporting hundreds of billions of dollars of crude, the biggest testament to the corruption and ineptitude of Bongo's rule is that he somehow contrived not to turn his country into an African...
...investigation, carried out by a French magistrate responding to a lawsuit filed by the anticorruption watchdog Transparency International, has established that the Bongo family owns at least 33 luxury properties in France worth a total of $190 million, including a Paris villa bought in 2007 for $26 million and a Paris mansion bought the same year for a further $25 million. That last pile was officially bought by Bongo's two children, Omar Denis and Yacine Queenie, who were 13 and 16 at the time. The family, through Bongo, consistently denied corruption, although not that they owned the properties...