Letters

Letters 09-01-2014

Hamas Shares Some Blame

Even when I disagree with Mr. Tuttle, I always credit him with a degree of fairness. Unfortunately, in his piece regarding the Palestinian/Israeli conflict he falls well short of offering any insights that might advance his readers’ understanding of the conflict...

The True Northport

I was disappointed by your piece on Northport. While I agree that the sewer system had a big impact on the village, I don’t agree with your “power of retirees” position. I see that I am thrown in with the group of new businesses started by “well-off retirees” and I feel that I have been thoroughly misrepresented, as has the village...

Conservatives and Obamacare

What is it about Obamacare that sends conservatives over the edge? There are some obvious answers...

Republican Times

I read the letter from Don Turner of Beulah and it seems he lives in that magical part of the Fox News Universe where no matter how many offices the Republican Party controls they are not responsible for anything bad that happens...

Home · Articles · News · Region Watch · So long dead presidents
. . . .

So long dead presidents

- October 13th, 2005
Those who have followed the progress of an alternative currency for Northern Michigan over the past two years will finally see their dream come true this weekend with the planned launch of Bay Bucks on October 14.
Bay Bucks is a form of legal tender which will be honored by participating businesses in the region. Bill Palladino, regional director of the Michigan Small Business & Technology Development Center in Traverse City, says that starter kits are available for businesses interested in priming the Bay Bucks pump.
Palladino notes in a release that charter businesses, non-profits and governmental units that sign on will literally get a bang for their buck by receiving 50% extra Bay Bucks in exchange for U.S. dollars. “For instance if you joined at Business Level I, you‘d pay $40 and get $60 worth of Bay Bucks to spend, and a free ad in our directory,“ he states.
In most countries, that level of float on a currency would be considered anything but a confidence-builder. So what‘s the rationale for exchanging U.S. dollars, which are the strongest currency in the world against which all other foreign currencies are pegged?
Bay Bucks supporters say the idea is to support local businesses by keeping currency in the the region, specifically, “...to add wealth to the local economy, to support locally owned businesses, and to enhance economic sustainability and social justice.“
Among the participants are Oryana Food Coop, TART Trails, Cedar Market, Gary Howe Photography, Food for Thought and singer-songwriter Claudia Schmidt.
For more information on Bay Bucks, check out the Great Lakes Bioneers Conference which will be debuting the currency at Northwestern Michigan College this weekend. See www.glbconference or www.baybuck.org.
 
  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
 
 

 

 
 
 
Close
Close
Close