Hamburg Several years ago ACORN International did a research report that seemed heresy to many, but started from the simple proposition that since microfinance is debt, debt does not reduce poverty, therefore the value of microfinance was the same as buying a job through an employment agency: work at a steep price. For many the …
Category: Financial Justice
Demanding a Suspension of Remittance Fees During Disasters
Newark An 8.3 level earthquake hit Chile in recent days. The quake lasted three minutes. The tsunami carried boats from the port onto city streets along the coast. One million people were evacuated. Over 100,000 continue not to have electricity. Many are displaced. Amazingly, the death count has been relatively minor for such a tragedy …
Zoning Payday Lenders Out of the City
New Orleans Payday lenders are weeds that crack the sidewalk. Payday lenders are “broken window” signposts advertising lower income neighborhoods and tending to push communities and families over the edge. There may not be an area in North America that has been more effective in using city zoning policies to aggressively root out payday lenders …