Acorn

Now what does ACORN stand for, some thing like this

Association of communitiy organizers who are looking for reform…now…

the last letter was just added because no one wanted to believe ACOR sounded good and every knows that an acorn can grow into a mighty oak tree…so the name is to inspire big thinking which reform is not really about…more of a tweaking of the system…and a day to day trudging…the more you look at the world the more you see the man made systems which underlie capitalism.

I am studying remittances world wide as we have the sneaking suspicion that the banks may be preying on the poor but sending money to some places is cheap…here is the world bank campaign and the numbers.    

http://remittanceprices.worldbank.org/

Now their goal is is to have the rate lowered to 5% in the next five years from the current 10% and put another 16 billion dollars into the hands of the people who will actually use the money to survive as opposed to the remittance corporations.

The president of western union made 8.2 million dollars last year…

can you imagine?

Money sent as aid by charities and corporations has a less than 100% chance of being used by the intended recipient as the agencies, the governments, the warlords take their share…but twenty dollars sent from a brother to sister is well used and more effective way to combat poverty.

So limiting the fees to 5% worldwide  is one proposal 

if you have any other ideas please send to

leila search at the world bank.

Her address is on the web page.

Leila Search
Financial and Private Sector Development
Phone: +1 (202) 473-7511
Email: LSearch@ifc.org

Power to the people.

a world bank MMMMMMMMMMMMMMMMMMmmmmmmmm