California Complementary Currencies bill approved by lawmakers, goes to Governor Brown's desk


al jazeera logoCalifornia lawmakers on Monday approved a measure making it easier to use alternative currencies [...].

The bill would repeal what backers said was an outdated law prohibiting commerce using anything but U.S. currency.

"This bill is intended to fine-tune current law to address Californians' payment habits in the mobile and digital fields," said the bill's author, Democratic Assemblyman Roger Dickinson in a press release.

He cited the popularity of bitcoin, and added that under the current law, even gift cards and reward points from retailers could be considered illegal.

"In an era of evolving payment methods, from Amazon coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives," Dickinson said.

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the Next Nobel Prize in Economics

JO!As the Committee now begins deliberation for the 2014 award, I would like to bring to their attention the woman I consider one of the most innovative economists of our age – Janelle Orsi.

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The Case Against Sharing

Image by Susie CageOn access, scarcity, and trust

By Susie Cage, Medium

"...Sharing economy boosters repeatedly call the whole thing “empowering.” For them, it certainly is. And in some iterations, it can be for all of us. In its full scope, including barter and gift transactions and nonprofit collectives and cooperatives, the sharing economy is decidedly not all bad. Enabling peer to peer commercial interactions can save us time and money; it can lessen our impact on the planet. And it can also replicate old social and economic patterns and further degrade worker and consumer protections..."

Read the entire article on Medium

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Fixing the Law’s Bias Against Sharing

Practicing Law in the Sharing Economy

by David Bollier 

news and perspectives on the commons

"Practicing Law in the Sharing Economy will be a landmark reference tool for law and the sharing economy for years to come.  May it inspire more law students to enter this under-served field of law, and may it help catalyze changes in law and public policy to affirmatively support the new modes of sharing that are popping up all over..."

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Cooperatives give new meaning to sharing economy

Corey Petersen (left), owner of Tact Massage Therapy, discusses business strategy with Josh Danielson, co-founder of Loconomics, in San Francisco. Photo: Carlos Avila Gonzalez, The Chronicle

On the face of it, Loconomics and Bring It Local sound like typical tech startups.

But behind the scenes, both companies are fomenting a quiet revolution in their business structures. They are organizing themselves as cooperatives - for-profit enterprises owned by the people who work for and use the services.

 

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Fixing the Law’s Bias Against Sharing

Renowned author and activist David Bollier, well-known for his work on the commons, writes a raving review of Janelle Orsi's book Practicing Law in the Sharing Economy (ABA 2012). "...Practicing Law in the Sharing Economy will be a landmark reference tool for law and the sharing economy for years to come.  May it inspire more law students to enter this under-served field of law, and may it help catalyze changes in law and public policy to affirmatively support the new modes of sharing that are popping up all over.  The mismatch between the burgeoning sharing economy and legacy legal regimes urgently needs to be addressed." Read more.

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S.F. conference brings sharing economy into spotlight

by Carolyn Said

EXCERPT: Janelle Orsi, executive director of the Sustainable Economies Law Center, said the sector helps perpetuate income inequality. Its challenge will be to create structures that help return wealth to users, such as cooperatives, she said. 

Millicent

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It's not all sunshine

It's not all sunshine, as sharing start-ups tackle big issues at industry meet-up

Janelle at the SHARE Conference

By Caitlin McGarry (@Caitlin_McGarry)

EXCERPT: “[Peers] didn’t want this conference to be all sunshine and, ‘The sharing economy is magic and perfect,’” said Janelle Orsi, an attorney who gives legal advice to sharing start-ups at Oakland's Sustainable Economies Law Center, during a Tuesday panel. “We can step back and say, ‘What are the things we haven’t factored into our considerations yet?’”

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New York Times: How to Regulate Disruption in the Sharing Economy

Legal problems have put companies like Airbnb and Lyft in the spotlight, revealing that our laws leave very little room for innovation. It’s not a matter of deciding whether it should be legal to use Airbnb and Lyft. It’s a matter of deciding how, where, when and how much. A more nuanced legal system could figure this out, by balancing concerns about housing affordability, health and safety, impact on neighborhoods, and the imperative to reduce consumption and carbon emissions....

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Competition from UberX, Lyft has D.C. taxis crying foul

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EXCERPT: “These platforms are enabling people to do business in ways they never could before,” said Janelle Orsi, executive director of the Oakland, Calif.-based Sustainable Economies Law Center. “These platforms offer ways to connect with each other really easily, which has a lot of benefits in creating income for people but is really shaking up the market.”

Taxi

Evelyn Hockstein/For The Washington Post - A taxi drives behind an UberX vehicle in downtown Washington.

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