About Bonds

Bond In Investing Savings WASHINGTON, DC -- On Monday, the San Francisco Board of Supervisors unanimously passed a resolution which commits the city not to purchase bonds issued by the World Bank. By joining the international boycott of World Bank-issued bonds, the City of San Francisco is continuing its legacy of supporting social and environmental justice including its support for selective purchase campaigns against Apartheid South Africa and the military junta in Burma.

Bond Investment Toledo Toledo The President of the San Francisco Board of Supervisors, Tom Ammiano, stated, "Passage of this resolution and the recent protests against the WTO and the World Bank go to show that when people in local communities take a stand they can have a positive effect of impacting policies with these institutions."

For such actions, you consent to the exclusive personal jurisdiction and venue of the federal and state courts in and for San Francisco, San Francisco County, U.S.A.

James Bond Trading Card The San Francisco resolution is part of an international campaign against the World Bank and its sister organization the International Monetary Fund (IMF), whose projects and policies have caused enormous environmental destruction and displaced and impoverished upwards of ten million poor and indigenous people. It is also part of a growing, nationwide grassroots movement of activists seeking to encourage their local and state governments to use their purchasing and investment power to advance a more just global economy.

225 Powell St., San Francisco, CA 94102 United States (USA) When you're staying in San Francisco, our boutique hotel offers the perfect location and a warm, inviting welcome for your visit to the City by the Bay. The Villa Florence Hotel, a Larkspur Hotels and Restaurants hotel, evokes San Francisco's Italian heritage through its luxury hotel d cor, style hospitality and Italian spirit. Located on the Powell Street Cable Car line, just steps from downtown San Francisco and Moscone Convention Center, our spacious guestrooms and first class service will inspire you to return again and again.

Bond In Investing Stock Sponsor of the resolution Supervisor Michael Yaki stated, "We, the City of San Francisco, should not invest in development banks that do not support sustainable economic development models."

Central banks create money either by printing it or by buying bonds in the treasury market. When central banks buy bonds, they usually buy their own country's treasury bonds, and their purchases are made from banks that own bonds. The money from the central banks goes to the bank vaults, making capital.

Municipal Bonds Investment "This is an important and exciting initial step in halting global, economic institutions such as the World Bank whose claims of 'development' and poverty alleviation have, in reality, meant increased poverty and desperation for millions of people worldwide," states Rosalyn Fay, a member of Economic Justice for Africa Now, a Bay Area economic justice advocacy group which generated support for the resolution.

432 Geary St., San Francisco, CA 94080 United States (USA) Enjoy all the sights and sounds of San Francisco from the unpretentious comfort of the Union Square Plaza Hotel. Situated on the pulse of the city, in the very heart of downtown, we are within easy access of San Francisco's business and shopping centers, attractions, nightlife, and a wide selection of fine restaurants. Why spend more for a hotel room when you can spend it in the City enjoying yourself

Bond Terms Trading The Cities of Oakland and Berkeley, California; the Communications Workers of America; the United Electrical, Radio, and Machine Workers of America (UE); Citizens Funds; and the Sisters of Loretto have also committed through resolution or statement of policy not to purchase bonds issued by the World Bank. Coalitions of human rights and social justice groups in cities and on university campuses across the country are organizing additional boycott resolutions.

Bond Debt High In Inside The boycott was launched because, while the World Bank has adopted new rhetoric, its policies on debt and structural adjustment -- austerity programs imposed on indebted countries -- have remained largely unchanged, plundering environments and economies of poor countries. The campaign demands that the World Bank halt its devastating structural adjustment lending and cancel debt claims it has on countries in the Global South. The World Bank gets 80% of its financing through bond sales on private financial markets to institutional investors and others. The World Bank Bonds Boycott was launched in April at the time of the spring meetings of the IMF and World Bank in Washington. Human rights, environmental, labor and development groups in over 35 countries support the campaign.

Bond Greenville Greenville World Bank Bonds Boycott Campaign
1830 Connecticut Ave., NW
Washington, DC 20009
tel: 202-299-0020
www.worldbankboycott.org

[ Comment, Edit or Article Submission ]