As we mentioned in our last article, the prevalence of the Triple Bottom Line philosophy is signaling a changing paradigm, a time of transformation. Our question, then, is this: What exactly are we transforming into? The knee-jerk answer might be
Certainly the philosophy of the Triple Bottom Line (“3BL” or “TBL”) is unconventional when compared with accepted business practices which are based upon the typical single bottom line of profit. We know that profit is essential to business survival, but
The story of ShoreBank has caught national attention, as this relatively small, so-called “community development bank” has been the target for bailout assistance via state and federal taxpayer money. In the past, particular banks have received assistance if they were
As the Central Illinois 9/12 Project has briefly written about in the past, one form of banking in which Shorebank is engaged is microfinance, especially in foreign countries. As this is not a type of finance that is well known
In the wake of recent reports that Shorebank’s financial status worsened in the second quarter, some interesting new developments have surfaced. Yesterday afternoon, Fox Business News reported that Shorebank will now be the target of a federal investigation, to look
The Central Illinois 9/12 Project became the first to expose — beginning this past March on BigGovernment.com – Shorebank’s extensive green and microfinancing agendas, in anticipation of that bank’s impending bailout. Shorebank, a Chicago-based, community investment bank, is focused on
On May 17th, President Obama announced that he would nominate Harold Varmus, MD as the next director of the National Cancer Institute. Given the President’s commitment to the passage of universal health care reform and his promise to “restore science
The Central Illinois 9/12 Project became one of the first to expose — beginning this past March on BigGovernment.com — Shorebank’s extensive green and microfinancing agendas, in anticipation of that bank’s impending bailout. Shorebank, a Chicago-based, community-based investment bank, is
As the Central Illinois 912 Project has addressed previously on BigGovernment.com, Shorebank is a community bank based out of Chicago that is engaged in microfinancing — a hybrid of capitalism and social justice. They have been supported and promoted by
The Shorebank story is quite complicated and filled with literally hundreds — if not thousands — of individuals who have been in some way involved in the unfolding of an intriguing saga. It has been difficult to narrow down the
If you ask people on the street (outside of Chicago) if they have ever heard of ShoreBank, the answer would likely be “no.” While ShoreBank isn’t a Goldman Sachs, a Bank of America, or a JP Morgan, to the Progressives,
Since its founding, ShoreBank has been a progressive-minded bank focused on community development. However, it soon adopted the progressive commitment to environmentalism after founders Ron Grzywinski and Mary Houghton were approached in 1993 by Ecotrust, an environmentally-conscious firm focusing on
In the midst of the radical social atmosphere of the 1960s, a group of Chicagoans, Ron Grzywinski, Milton Davis, James Fletcher, and Mary Houghton, came together to found South Shore Bank in the 1973 with a goal to provide loans
We all know what the words “debt,” “taxpayer,” and “interest” mean, but how many people know what the words “jizya”, “dhimmi” and “Grameen” mean? In order to understand the precipice of disaster that the banking system is resting upon today,