2012/08/17 Minutes Economics Working Group

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2012/08/17 Minutes Economics Working Group
Chris F-D, Chris, Steve, Dave, Nelio; Clive, Peter and Schrapp (later), 1. Minutes from meeting on 13th August 2012 – approved 2. GA – Mike's delayed. Outline agenda: Dow Chemical; simple principles behind a bank; housing initiatives. 3. GIRO – in progress; article on US post office banking and citywire on financial products via PO. http://www.globalresearch.ca/index.php?context=va&aid=32329 http://www.citywire.co.uk/money/the-post-office-are-its-financial-products-any- good/a611103?ref=citywire-money-the-lolly-list 4. Tax Havens -Plan for Spider build is sharpening up need team of 10 people to carry it; for late September; format of the day in planning; next planning meeting at 16:40 at Friends Meeting House. 5. Website – Clive to liaise with Vica; update meeting venues and times; Panyer Alley (Cafe Nero) on Friday's; Beyond capitalism – rework the intro; 6. a) LBOI – no comment in Peter's absence; acronym links on website – discuss with Vica b) general economics conference – Putney Debates; planning meeting 1pm on Sunday in St Paul's Churchyard; one day or a series? at St Mary's? Waiting for booking person to return from holiday; sent to Sean for inclusion: Janos and Clive – basic economics, banking system; alternative systems; Skidelsky can't come otherwise engaged; Oasis (Lambeth) is available for some dates in October at £25 /hr c) social housing policy – people are talking about it; Radio4, Chris F-D wrote to get air time for occupy petition on the subject-Grant Schapps sounded platitudinous. Also in contact with Inside housing, a website publication; housing associations are becoming increasingly commercial and all current policies are supporting private market; various alternatives have been suggested to use profit from land sales to fund social housing; Stoke on Trent council are selling housing in poor repair for renovation on condition of retention for 5 years; Chris F-D has drafted a letter to dept communities and local government in response to their inadequate response to the initial occupy petition. d) IFCT – Dave responding to Prof Golden at LSE; tribunal to resolve financial disputes; there was official agreement to the limited ambition of his proposal; meeting in September. Richard Murphy on Radio4 - talk in Nov – see below. HMRC name and shame list limited to bit players - £750m v £13trillion corporate tax dodging e) Local Authority, Freedom of Information Requests on Localism. Some more people have done it. – Enfield, Camden, Hounslow, Brighton, Twickenham, Ealing, Waltham Forest. EWG members in other Boroughs to go on their websites to the ‘Contact’ section and request, "Under FOI what consideration it has given by LB(+ your LA’s initials) to inviting expressions of interest to run services under Section 81 of the Localism Act 2011 ?" (< 4 minutes) They must reply within 28 days. Please forward it to Mike Gold – ideally tell him when you’ve done the first step. Thanks f) LVT – meeting date; Dave Wetzel?; Land backed currency; Robert Blakemore; Robin Smith; - Clive to contact plus Daniel Syddall; “How in would LVT work in practice” 7. Roadmap – may need to contact Richard Murphy; thanks to Janos for the Table of Contents 8. shout out; Dan Ashman suggestion – we need powerful economics statistics; please pitch in with key economic stats (referenced); use a gold stand eg. GDP; beware of the distortion of arguments by misleading statistics; lies, damn lies and statistics; eg. Recent fall in unemployment ignores more part time and olympics impact; IMF paper on full reserve banking http://www.positivemoney.org.uk/2012/08/nationalize-money-not-banks-by-herman-daly/ http://www.positivemoney.org.uk/2012/08/imf-backs-full-reserve-banking/ Daily Express story £21bn windfall tax giveaway funded from QE profits. Selling off playing fields. Statistics of invisible people; 9. Confirm meeting on Monday 20th August 2012 Friends Meeting House 10. The GA was abandoned because of no PA. The Twittersphere is alive with opposing views of the Assange protest. Some links were mentioned: http://www.youtube.com/watch?v=ZvUwC5JTAJY http://www.informationclearinghouse.info/article32218.htm NB. Monday 5th November - Offshore Tax Havens: how the wealthy loot the world with Richard Murphy at The Gallery, 70/77 Cowcross Street, London, EC1M 6EJ. The nearest tube station is Farringdon.

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August 18, 2012 at 3:09 pm Economics Working Group
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