The Global News Hub for Co-operatives
4 February '12

Articles in Economy

Top Stories from around the Globe

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News Article

Paul Gosling

Co-operatives and mutuals are not doing enough to reward long-standing member relationships, Dennis Deters of Canada’s The Co-operators told the ICMIF conference. Deters said the many large public companies were doing better than co-operatives in terms of operating loyalty programmes that reward valued customer relationships.

+ Banking and Insurance, Co-operatives, Consumer, Democracy, Economy

Top Stories

News Article

Anthony Murray

Britain’s co-operatives are set to benefit from credit union legislation that allow under-16s to become members and provide an opportunity to raise more capital.

+ Credit Unions, Financial, Legal, Economy

Top Stories

News Article

John Restakis

As the co-op movement gears up for celebration of the UN International Year of Co-operatives in 2012, a very different movement has burst upon the scene, taking shape and occupying plazas, parks and other urban spaces in over 2,000 cities around the world.

(2) Banking and Insurance, Economy

Top Stories

News Article

Alison Grant

KPMG, Australia, have recently released a report Building Societies and Credit Unions 2011 Survey which highlights the strength and vitality of the mutual banking sector in the country.

+ Banking and Insurance, Credit Unions, Financial, Economy

Editor's Choice

Donna Balkan Sep 28 2011 - 5:54pm

For the seventh consecutive year, Canadians ranked credit unions first in overall customer service excellence among all financial institutions, surpassing...

+ Credit Unions, Financial, Economy

On the Blog

Another great article is up on the blog of Shift Change, a documentary film in progress telling the little known stories of employee owned businesses that compete successfully in today’s economy while providing secure, dignified jobs in democratic...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Fairtrade, Health, Producer or Worker, Regional Organisations, Economy, Global News, Society
Blog Entry

Joe Marraffino

Another great article is up on the blog of Shift Change, a documentary film in progress telling the little known stories of employee owned businesses that compete successfully in today’s economy while providing secure, dignified jobs in democratic...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Fairtrade, Health, Producer or Worker, Regional Organisations, Economy, Global News, Society
Blog Entry

Joe Marraffino

The Network of Bay Area Worker Cooperatives, the oldest regional worker cooperative federation in the U.S. since its founding in 1994, may be going through some structural changes because of difficulties getting member cooperatives to seat...

+ Co-operatives, Global Affairs, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Economy, Global News, Society
Blog Entry

Joe Marraffino

"In the age of unemployment, downsizing, and outsourcing, where can a poor soul find a job? Well, maybe it’s time we create our own. Self-employment is an option and can seem freeing, but it’s hard to do everything yourself and find time for a non-...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

Call for Papers – Special Issue of Organization Deadline 28th February 2013 Worker' Cooperatives as an organizational alternative: Challenges, achievements and promise in organizational governance and ownership Guest Editors Iñaki Santa Cruz....

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Social Enterprise, Economy, Global News, Society
News Article

David J. Thompson

No one in the US seems to like the big banks any more – and that seems to be true from left to right on the political spectrum. On the other hand, that is still where most Americans keep their money. In their recent Presidential debate,...

+ Credit Unions, Financial, Health, Social Enterprise, Economy
Blog Entry

Joe Marraffino

"This course provides an introduction to the modern cooperative movement. (More than 800 million people around the world are members of co-operatives, including an estimated 1 in 4 Americans) Our goal is to acquaint students with the historical...

+ Co-operatives, Global Affairs, Business, Consumer, Development, Democracy, Financial, Mutuals, Politics, Health, Producer or Worker, Regional Organisations, Housing, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

Immanuel Ness reports, via the Luxembburg Gesellschaftsanalyse und Linke Praxiz, on the 2011 Eastern Conference for Workplace Democracy. "The Eastern Conference for Workplace Democracy (ECWD) held its biannual conference in Baltimore, Maryland from...

+ Co-operatives, Global Affairs, Business, Consumer, Development, Democracy, Financial, Mutuals, Politics, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

"After years of waiting on a Brooklyn street corner trying to land jobs cleaning houses, Teresa Bucio decided there had to be a better way to earn a living.  Like dozens of Latina immigrants, Ms. Bucio, 33, used to stand at the corner of...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Politics, Health, Regional Organisations, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

From John McNamara at the Workers' Paradise: If you happen to be near Quebec City this week, two exciting conferences will be taking place. The first is about business succession planning with an emphasis of selling businesses to one’s employees....

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

Mike Leung, founder of the yet-chartered Worker Cooperative Federal Credit Union, and Abolish Human Rentals, interprets and offers constructive criticism of the standard model for capital structures in the United States.  The presentation is...

+ Co-operatives, Global Affairs, Consumer, Development, Credit Unions, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Economy, Global News, Society
Blog Entry

Joe Marraffino

Here is a spreadsheet to show some examples of calculating patronage.  "Patronage", as you may know, is the amount of work performed as a member of a worker cooperative,  measured in accordance with the certificate of incorporation and by-...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Environment, Financial, Health, Producer or Worker, Regional Organisations, Economy, Global News, Society
Blog Entry

Joe Marraffino

"Drawing upon the literature on anchor institutions and on Ann Markusen’s (2007) analysis of the “Consumption Base” theory of development, I look at the assets deployed in the “Cleveland Model.” From the network of small and medium cooperative...

+ Co-operatives, Global Affairs, Business, Consumer, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Housing, Economy, Global News, Society
News Article

Alison Grant

Prudential BSN Takaful (PruBSN) has been awarded the Rising Star Takaful Institution 2011 award from the ‘The Asset,’ a Hong Kong based publishing and research group. The award was received by Mr Azim Mithani, Chief Executive Officer of PruBSN, at a...

+ Banking and Insurance, Economy
Blog Entry

Joe Marraffino

Solidarity Economy: Building Alternatives for People and Planet is a book of papers and reports from the 2007 U.S. Social Forum. "The emergence of the global grassroots economic structural reform movement known as the Solidarity Economy. This book...

+ Co-operatives, Global Affairs, Business, Consumer, Development, Democracy, Education, Financial, Mutuals, Fairtrade, Politics, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

"The Democracy at Work Network (DAWN) is a network of certified peer advisors, all with strong social and professional ties, who cooperate in training themselves and providing technical assistance services to worker cooperatives. Our goals are to...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Fairtrade, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
News Article

Alison Grant

It was recently reported in the ICMIF news that ICMIF member, Equidad Compañía de Seguros SA, Honduras, had won the “Inspirational Company” award at the “BIZZ 2011 – Business Excellence Awards”. We are delighted to announce the success of another of...

+ Banking and Insurance, Consumer, Economy
News Article

NCBA Newsfeed

With banks doing away with free checking and tacking on more fees, you may be able to get more bang for your buck with a credit union. Credit unions typically offer better deals on checking accounts, loans and other products compared with banks...

+ Credit Unions, Financial, Economy
Blog Entry

Joe Marraffino

Hiemenz, J.  2010.  Equal Exchange: Increasing Education and Participation for Remote Office Employees in a Worker-Owned Cooperative. School of Community Economic Development, Southern New Hampshire University.

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Fairtrade, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

Here are some readings to become familiar with the waves of cooperative organizing that have been a part of the United States' history.  Many cooperative guides will use the Rochdale Pioneers and Mondragon as historical touchstones, but...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Fairtrade, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

History of coöperation in the United States, a collection of essays published by Johns Hopkins in 1888, is available free from Google Books to read or download.  Essays include:

+ Co-operatives, Global Affairs, Development, Democracy, Financial, Health, Regional Organisations, Economy, Global News, Society
Blog Entry

Joe Marraffino

"The U.S. fiscal and economic challenges today stem from a basic problem: too many companies and assets are owned solely for profit. It boils down to what I will call an ownership crisis.  Because mortgages were owned by investors all over the...

+ Co-operatives, Global Affairs, Consumer, Development, Democracy, Financial, Mutuals, Health, Regional Organisations, Housing, Social Enterprise, Economy, Global News, Society
Blog Entry

Joe Marraffino

Carl Davidson of Committees of Correspondence for Democracy and Socialism tells the story of the Mondragon Cooperatives at the 2011 Left Forum. They began small in the poverty of the Basque Country of Spain after World War II. The workers own them...

+ Co-operatives, Global Affairs, Business, Consumer, Development, Democracy, Financial, Mutuals, Health, Producer or Worker, Regional Organisations, Social Enterprise, Economy, Global News, Society
News Article

Co-operative News

In a House of Lords debate about the impact of debt on families, Dr Rowan Williams said the Government should do more to protect the poorest and most vulnerable in society. He said credit unions had enormous potential to achieve this. “The...

+ Credit Unions, Democracy, Financial, Social Enterprise, Economy