News Archives » Economic Justice
Donal Dorr on “Justice in the World” December 1st, 2011
Donal Dorr talks here about the importance and current significance of the document “Justice in the World” that was issued by the Synod of bishops forty years ago.
A Visit to Mongu, Zambia November 29th, 2011
Early November, JPIC Office colleague Kate Walsh, who works with the TRI-State Coalition for Responsible Investment (CRI) in New Jersey, visited Oblates working in Zambia. She writes about her reflection on the trip and experience in Zambia:
Two weeks ago, I traveled to Zambia to speak at conference co-sponsored by Catholic Relief Services and CAFOD on Extractives in Southern African. My task was to speak about ICCR’s work and run a session on Shareholder Advocacy. However, I had a few days to explore the region, visit, before the conference began.
That first weekend, I went to Mongu in the Western Region. This is the poorest region of the country. After a 7-hour bus ride from the capital, I arrived and went to visit the Diocese of Mongu Development Centre (DMDC).
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Action Alert: Let’s Avoid Another Financial Crash! November 17th, 2011
Ask your Members of Congress to increase funding for the Commodity Futures Trading Commission
Rapid action is needed to get Congressional funding for the Commodity Futures Trading Commission – the agency set up to prevent another financial meltdown. The Senate has found money for other programs, but is severely underfunding the CFTC. Please use the link provided here to email your Senators to ensure that we avoid another financial crisis: http://bit.ly/slq116
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House Legislation Introduced to Shed Light on America’s Anonymous Corporations November 16th, 2011
WASHINGTON, DC – Rep. Carolyn B. Maloney, Rep. Barney Frank and Rep. Stephen F. Lynch introduced earlier this week, the Incorporation Transparency and Law Enforcement Assistance Act, which would require corporations to provide information about who owns or controls the corporation and benefits from its existence.
This bill, H.R. 3416, is supported by the Financial Accountability and Corporate Transparency (FACT) coalition, which includes a broad range of organizations with an interest in seeing the American trade in “anonymous corporations” closed down due to its negative impact on small businesses, human rights, corruption, national security, jobs and critical programs. The JPIC Ministry of the Missionary Oblates is a member of the coalition and is very supportive of this move to generate greater transparency in corporate ownership and activity.
“This legislation is crucial in the fight against corruption and organized crime,” said Stefanie Ostfeld, Global Witness Policy Advisor. “Swift passage of this bill will stop dictators, terrorists and drug traffickers from being able to legally hide their identities, and therefore their dirty money, behind anonymous American shell companies.”
The bill complements bipartisan Senate legislation, S. 1483, introduced in August by Senators Carl Levin and Chuck Grassley.
“Jubilee USA is thrilled to see the Incorporation Transparency and Law Enforcement Assistance Act moving forward in the House and applauds Representatives Maloney, Frank and Lynch for introduction. This Act takes important steps in halting the flow of illicit streams of revenue out of developing nations and away from those who need it the most- the world’s poorest. Morality must be brought back into the global financial system, and the Incorporation Transparency and Law Enforcement Act is one important measure in that goal,” said Eric LeCompte, Executive Director of Jubilee USA Network, an alliance of more than 75 religious denominations, faith- based communities, human rights agencies and community organizations that work on matters concerning global economic justice.
The bill will move to the House Committee on Financial Services.
The 8th Day Center in Chicago Supports Occupy Wall Street November 9th, 2011
Photo: From far right: 8th Day staff members Kathleen Desautels, SP, Mary Ellen Madden, Staff for BVMs, Gwen Farry, BVM, Liz Deligio, Staff for FSPAs, Joellen McCarthy, BVM and 8th Day Associate, Barbara Corcoran join other activists at Occupy Chicago this past October. Photo courtesy of Angie Connolly, Sisters of Charity, BVM.
The 8th Day Center announced in their recent newsletter:
“As an organization whose values include cooperation, mutuality, nonviolence, and consensual decision making,
- we support the right to peaceably assemble;
- we support the non-hierarchical, organic, democratic, cooperative model of the Occupy Wall Street Movement;
- we stand with the Occupy Wall Street Movement calling for a fundamental shift in power and resources and a co-created sustainable future for all.”
