Letters

Letters 04-14-14

Benishek Inching

Regarding “Benishek No Environmentalist” I agree with Mr. Powell’s letter to the editor/ opinion of Congressman Dan Benishek’s poor environmental record and his penchant for putting corporate interests ahead of his constituents’...

Climate Change Warning

Currently there are three assaults on climate change. The first is on the integrity of the scientists who support human activity in climate change. Second is that humans are not capable of affecting the climate...

Fed Up About Roads

It has gotten to the point where I cringe when I have to drive around this area. There are areas in Traverse City that look like a war zone. When you have to spend more time viewing potholes instead on concentrating on the road, accidents are bound to happen...

Don’t Blame the IRS

I have not heard much about the reason for the IRS getting itself entangled with the scrutiny of certain conservative 501(c) groups (not for profit) seeking tax exemption. Groups seeking tax relief must be organizations that are operated “primarily for the purpose of bringing about civic betterment and social improvements.”


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.
 
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