Monthly Archives: November 2013

Low Pay is Not OK

A quick follow-up to my article on the fight for $15: Low Pay is Not Ok put out this McResources video. Check it out.

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Occupy Debt

Occupy Wall Street

Photograph: Spencer Platt/Getty Images

This article appeared in the Guardian yesterday about Rolling Jubilee – Occupy’s Strike Debt project. The way the project works is simple: Collect donations. Use the donations to buy debt for pennies on the dollar through the secondary debt market. Abolish the debt. Repeat.

I find the project very interesting. According the Guardian piece, Rolling Jubilee has, to date, bought and freed $14 million worth of consumer debt – mainly medical bills. Practical implications aside, the project is a wonderful way to raise awareness about debt as a commodity and to empower people to take a stand against Wall Street.