More change from the states: New Mexico joins the Move Your Money campaign

by: rossl

Wed Feb 10, 2010 at 15:47:48 PM CST

In the context of the larger movement against the greed and irresponsibility of Wall Street, this is a dramatic repudiation of that behavior from a somewhat unexpected source.

The bill enables a possible switch of $2-5 billion of state funds into CUs and small banks.

If enacted, the municipal funds bill, in the works since last year and still subject to a Senate vote, would represent a setback to large national banks, like Bank of America and Wells Fargo, which have had a lock on such funds.

The altered view of New Mexico lawmakers in favoring local control of state funds, officials said, follows national mention of the New Mexico effort in the "Move Your Money" campaign of New York pundit Arianna Huffington in her online Huffington Post columns.

Please join me in observing Buy Nothing Day tomorrow

by: rossl

Thu Nov 26, 2009 at 12:36:01 PM CST

We're in a pretty messed up place politically and environmentally.  Multinational corporations and financial firms pretty much own the government.  Global warming is not only a real and present danger, but rapidly accelerating.  There is a plastic "raft" in the Pacific Ocean bigger than Texas.  And as people we're constantly being taken advantage of to make this situation last longer so that corporate profits and bonuses can climb even higher than they are now.

The strong link between these two things - our society's consumerism and the terrible political, social, environmental, and economic situations we're in - demands action.  By buying things from these corporations and feeding into this model of an economy, we only encourage it.  So I'm asking you:  please join me in buying nothing tomorrow.