New Orleans The real estate bubble in Spain cratered the economy ushering in an austerity economy with unemployment rates of more than 25% of the population and a staggering 55% for younger workers. We might ask how people are surviving, and the answer from banker Julio Gisbert who has written a book called, Living Without …
Tag: Spain
Spanish Banks Move to Freeze Foreclosures Sounds like a Plan!
New Orleans Watching the banks back track and squirm in Spain over foreclosures that ended in several well-publicized suicides that are now roiling the political establishment in that country is a good lesson in how financial institutions can actually be moved when political will begins to coalesce. In the USA we certainly do not seek …
Fresh Look at Cooperatives: Arizmendi, CoFed, and Mondragon
Oakland Things come in threes? Fate reaches out for you? Of all things in the Bay Area in recent days I started to feel like this was happening to me and cooperatives. I was stumbling over and into them everywhere I went. Visiting with Peter Olney, the organizing director for ILWU, he told me fascinating …