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Topic: Ithaca Hours

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	Ithaca Hours - Wikipedia, the free encyclopedia
		Ithaca Hours is a local currency in Ithaca, New York.
		The next day Paul Glover issued 10 HOURS to Ithaca Hours, the organization he founded to run the system, as the first of four reimbursements for the cost of printing HOURS.
		The Advisory Board incorporated the Ithaca HOUR system as Ithaca Hours, Inc. in October 1998, and hosted the first elections for Board of Directors in March of 1999.
	en.wikipedia.org /wiki/Ithaca_Hours (847 words)

	Ithaca, New York - Wikipedia, the free encyclopedia
		The Town of Ithaca is one of the nine towns comprised by Tompkins County.
		Ithaca is in the rural Finger Lakes region about 250 miles to the northwest of New York City; the nearest larger cities, Binghamton and Syracuse, are an hour's drive away by car.
		Ithaca is one of a few small urbanized areas in the US without direct access to the American Interstate highway system.
	en.wikipedia.org /wiki/Ithaca,_New_York (2131 words)

	Transaction Net: Ithaca HOURS
		Ithaca HOURS use the hour of service as unit of account and thus may be measured the same independently of place and circumstances.
		Ithaca HOURS have the advantage of - in case of high inflation in the national currency - to be able to revalue its unit of account to whatever the prevailing hourly pay is. The system is therefore less vulnerable to shocks if the national currency has a problem.
		HOURS are created by fiat, so they must be carefully managed by the issuing authority to prevent inflation.
	www.transaction.net /money/ithaca (571 words)

	Encyclopedia: Ithaca Hours (Site not responding. Last check: 2007-10-08)
		It, along with the Global Resource Bank and variants of Ithaca Hours, was one of three schemes actively promoted by the United Nations as alternatives to Bretton Woods system institutions (the IMF, BIS and World Bank).
		The Ithaca Journal is a daily morning broadsheet newspaper published in Ithaca, New York.
		In economics, a time-based currency is a currency where the unit of exchange is the hour.
	www.nationmaster.com /encyclopedia/Ithaca-Hours (1591 words)

	Short Circuit - Ithaca Hours: Paper Currency Replaces LETS in the US
		By late 1993 when I visited Ithaca, thirteen editions had been published and 4,300 HOURS worth $43,000 were in circulation, the national-currency value of an HOUR having been fixed at $10, the average level of wages and salaries in the Ithaca area.
		Ithaca Hours have continued to spread and the system has thrived in the last eight years.
		In the case of Ithaca Hours, the local credit union was an enormous help, as were the Green Star food co-op and the Farmer's Market.
	www.feasta.org /documents/shortcircuit/sc3/IthacaHours.html (3599 words)

	Community Economics - Ithica Dollars
		The Ithaca HOUR is Ithaca's $10 bill, because $10 per hour is the average of wages/salaries in Tompkins County.
		Ithaca Money's 1,200 listings, rivaling the Yellow Pages, are a portrait of our community's capability, bringing into the marketplace time and skills not employed by the conventional market.
		His HOURS were spent for food, credit union membership, and dressmaking for his wife: "Our goal is to have money with value not tied to the dollar and not subject to the whims of the global market."
	www.geocities.com /rainforest/7813/ccs-ithi.htm (1348 words)

	BBC - h2g2 - Ithaca Hours
		Ithaca Hours are printed notes which can be exchanged for goods and services in a variety of places or with individuals.
		Ithaca Hours encourage people with alternative skills to be paid for what they do.
		The governing group of Ithaca Hours controls the production of the notes and will also provide currency to local good causes which then spend it on goods and services reducing their reliance on cash.
	www.bbc.co.uk /dna/ww2/A2336780 (495 words)

	RATNA - Maritime Money Feature Story
		Here's how it works: the Ithaca HOUR is Ithaca's $10.00 bill, because ten dollars per hour is the average of wages/salaries in Tompkins County.
		For example, several of Ithaca's organic farmers are paying the highest farm labor wages in the Western Hemisphere: $10.00 of spending power per HOUR.
		Paul Glover, who created the HOUR system, is a community economist and ecological urban designer (author of Los Angeles: A History of the Future), with a degree in City Management.
	www.chebucto.ns.ca /Commerce/RATNA/ithaca.html (831 words)

	Ithaca Hours Archive: Who Controls the Money? (Site not responding. Last check: 2007-10-08)
		I served on the board of EcoVillage at Ithaca and the GreenStar Council, and I was a member of the Bylaws Committees of both those organizations.
		Ithaca HOURS are distributed to anyone who agrees to offer goods in service in exchange for them.
		Ithaca HOURS in particular caught our attention, as it offers a sustainable community tool for regional, economic and social development.
	www.lightlink.com /hours/ithacahours/archive/9902.html (2062 words)

	MAKING CHANGE: Ithaca Leads Local Currency Movement
		The HOUR is valued at an equivalent of an hour of work or roughly $10.
		Eleven years after the first HOUR was used to buy a samosa at Ithaca’s Farmers Market, some 1,500 individuals and businesses now use HOURS to buy and sell everything from food and books to massage therapy and movie tickets.
		Ithaca’s program has made the largest loan ever issued in a local currency, 3,000 HRS ($30,000 in value) to Alternatives Federal Credit Union to help finance construction of a new building.
	via3.net /Reports/Ithaca.htm (997 words)

	Paul Glover - Grassroots Economics
		Ithaca's new HOURly minimum wage, enforced by general consent, lifts the lowest pay up without knocking down higher wages.
		For example, several of Ithaca's organic farmers are paying the highest farm labor wages in the Western Hemisphere: $10 of spending power per hour.
		People use Ithaca HOURS for everything from goat cheese to tax consulting.
	www.context.org /ICLIB/IC41/Glover.htm (1403 words)

	Keep Money in the Community—Print Your Own
		An Ithaca HOUR note is valued at $10 US, the average hourly wage in the region.
		Ithaca HOURS will buy food, entertainment, professional services, health care, handicrafts and other goods.
		In Ithaca, each person or business who signs up for the HOURS project receives four free HOURS—currency that would not otherwise be in circulation.
	perc.ca /PEN/1994-10/s-breeze.html (750 words)

	tcgreens.org: Chinese Government Studies Ithaca Hours (Ithaca NY) (Site not responding. Last check: 2007-10-08)
		The Long March of Ithaca HOURS from local experiment to world standard of value will be successful if HOURS shift economic power to communities and workers, promote ecological reliance on regional resources, reinforce regional cultures, and stimulate equitable pay.
		HOUR grants have been made to 57 community organizations, and HOUR loans up to $30,000 value have been made interest-free.
		Ithaca, the largest city in Tompkins County, is home to many progressive organizations.
	www.tcgreens.org /gl/articles/2001073007225339.html (695 words)

	Ithaca Hours Archive: Does Ithaca Need Walmart
		Even some of those who have not wanted an Ithaca Wal-mall have preferred it inside the city because they are afraid that if Wal-Mart located south in the Town of Ithaca or north in Lansing they'd take jobs and taxes away.
		However, the Town of Ithaca has already told Wal-Mart the largest suitable Town parcel available is only nine acres, far too small for their mall (confirmed in writing by Supervisor John Whitcomb).
		Wal-Mart's request for 24 acres of Ithaca wetland is another of many opportunities for Ithacans to decide what kind of job base we prefer, what kind of community we value, and how we want to live.
	www.lightlink.com /hours/ithacahours/archive/9406.html (2819 words)

	Ithaca Hours - Local Currency - Ithaca, New York (Site not responding. Last check: 2007-10-08)
		Ithaca Hours is a local currency system that promotes local economic strength and community self-reliance in ways which will support economic and social justice, ecology, community participation and human aspirations in and around Ithaca, New York.
		Individuals or businesses who are members of Ithaca HOURS are eligible to apply for business loans.
		Loan applications will be evaluated on the completeness of the application; ability to repay the loan; ability to spend the HOURS in diverse ways within the community; and the extent to which the proposed activity will support or stimulate entrepreneurship and opportunity within the community, consistent with the mission of Ithaca HOURS.
	www.ithacahours.org (641 words)

	14850 Magazine: On local currency (Site not responding. Last check: 2007-10-08)
		Ithaca has a lot of neat local things attached to it; one is a local currency, Ithaca HOURS.
		Ithaca HOURS were the first currency in the United States to feature a child on them (something later taken up by the Federal Reserve for the new Sacagawea Gold Dollar coin).
		Ithaca HOURS are backed by the talents and time of the local people that use them.
	magazine.14850.com /0402/currency.html (1543 words)

	14850: Local Currency (Site not responding. Last check: 2007-10-08)
		HOURS must be used within state lines (they may not compete with dollars as interstate currency), they must look different than dollars, they must have a dollar exchange rate, and denominations must be at least $1.00 (no "fractional currency").
		The HOURS program is part of a larger movement to replace the Gross National Product, whose corporations profit when average people lose jobs, get smashed up in traffic, slaughtered in war or thrown out of their houses.
		HOURS and Ithaca Money give us each a place to find what we want to do, then to market it and experiment with it.
	magazine.14850.com /9405/currency.html (1470 words)

	Ithaca Hours -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-08)
		Ithaca Hours is a (Click link for more info and facts about local currency) local currency in (Click link for more info and facts about Ithaca, New York) Ithaca, New York.
		The next day (Click link for more info and facts about Paul Glover) Paul Glover issued 10 HOURS to Ithaca Hours, the organization he founded to run the system, as the first of four reimbursements for the cost of printing HOURS.
		In May of 1999 (Click link for more info and facts about Paul Glover) Paul Glover turned the administration of Ithaca HOURS over to the newly elected Board of Directors.
	www.absoluteastronomy.com /encyclopedia/i/it/ithaca_hours.htm (822 words)

	Creating Economic Democracy with Local Currency, by Paul Glover
		Here's how it works: the Ithaca HOUR is Ithaca's $10.00 bill, because ten dollars per hour is the average of wages & salaries in Tompkins County.
		For example, some of Ithaca's organic farmers are paying the highest commmon farm labor wages in the world: $10.00 of spending power per HOUR.
		HOUR Town's 1,500 listings, rivalling the Yellow Pages, are a portrait of our community's capability, bringing into the marketplace time and skills not employed by the conventional market.
	www.ratical.org /many_worlds/cc/CED.html (932 words)

	Ithaca HOURs Online: Home Page
		HOUR founder Paul Glover has started Ithaca's nonprofit, member-owned health security system, the Ithaca Health Alliance --in order to take control of health prices.
		Recently Ithaca HOURS were visited by a top official of China's central bank, sent from Beijing by the President of the People's Bank of China (their Alan Greenspan) to talk about adopting HOURS as money in China.
		HOUR board member Kevin Cuddback (of Gimme Coffee!) was hosted in Hiroshima for ten days, explaining how to start local currency.
	www.ithacahours.com /home.html (864 words)

	Earth Action Index - Demonstration - Ithaca Hours
		Ithaca HOURS are a local currency that have been in circulation in Ithaca, New York, since 1991.
		A 1-HOUR note has a set value of $10 or the value of one hour of labor, thereby boosting the minimum wage, as well as having other beneficial results for the local economy.
		Ithaca Hours is an example of the following...
	earthactionindex.org /demo.asp?ItemID=617 (227 words)

	Ithaca Hours - VeggieBoards
		For example, several of Ithaca's organic farmers are paying the highest commmon farm labor wages in the world: $10.00 of spending power per HOUR.
		Multi-colored HOURS, some printed on locally-made watermarked cattail (marsh reed) paper, or handmade hemp paper, some with non-xeroxable thermal ink, all with serial numbers, are harder to counterfeit than dollars.
		HOURS double the local minimum wage to $10.00, benefitting not only workers but businesses as well, who find new and loyal customers.
	www.veggieboards.com /boards/showthread.php?t=13712 (2722 words)

	Satya Sept. '01: Ithaca by Tracy VanStaalduinen
		Since the currency’s launch, in 1991, Ithaca’s residents have used their unique spending power to show a lack of interest in supporting chain stores that take their dollars out of the community to distant corporate headquarters.
		Paul Glover, longtime Ithaca resident and developer of the prototypical HOUR, is proud to say there are no chain stores on the Commons, and only a handful on the outskirts of town.
		The name ‘HOURS’ itself was chosen for the currency to remind people that they create money’s real value, with their time, skills and energy.
	www.satyamag.com /sept01/ithaca.html (1075 words)

	Ithaca Creates Its Own Money
		But HOURS are a leveling force, raising the minimum wage, allowing people to buy things they couldn't afford before, and stimulating everyone's business.
		Anyone who is willing to accept Ithaca Money in exchange for goods or services is paid two HOURS and a listing in the newsletter.
		A bookstore owner accepts HOURS and uses them for food, jewelry, and her mortgage at the local credit union.
	www.sustainer.org /dhm_archive/index.php?display_article=vn544ithacaed (846 words)

	Earth Day, 2002 (Ithaca laff til you barf alert)
		For those of you who don't know, "Ithaca Hours" is a form of barter system, masquerading as local currency.
		"Ithaca is the City of Evil" bumper stickers are now available from www.FreepStuff.com.
		One is a rectangular full size design, the other provides two small square-ish stickers (so you can share one with a friend, or as a backup after some wacky lib trashes your first one...) for the price of one sticker.
	www.freerepublic.com /focus/f-news/670153/posts (717 words)

	MisterPlexi - Ithaca Hours acceptance policy (Site not responding. Last check: 2007-10-08)
		Ithaca Hours will only be accepted for stock item purchases.
		Ithaca Hours may NOT be used for printed items.
		Ithaca Hours may NOT be used for CDs through CDs You Crave.
	www.misterplexi.com /ithacahours.html (61 words)

	Techdirt:Trading Talents Instead Of Cash
		Designed as a way to help build up the local economy in the small city of Ithaca, NY, it was basically a barter system that let local merchants easily manage trade with each other, without involving government sanctioned currency.
		According to this article (which doesn't mention Ithaca Hours at all), South Africans are using an online bartering system involving "talents" which are priced per hour, and function quite like Ithaca Hours.
		I lived in Ithaca and worked for a company that accepted Ithaca Hours and from what I saw nobody really liked them.
	www.techdirt.com /articles/20040726/012247.shtml (363 words)

	[No title] (Site not responding. Last check: 2007-10-08)
		At the same time Ithaca's locally-owned stores, which keep more wealth local, make sales and get spending power they otherwise would not have.
		Dollars, by contrast, are funny money, backed no longer by gold or silver but by less than nothing- $4.3 trillion of national debt.
		Local currency is a lot of fun, and it's legal-- HOURS must be used within state lines (they may not compete with dollars as interstate currency) and denominations must be at least $1.00 (no "fractional currency").
	www.gsenet.org /library/15npf/crtecodm.htm (869 words)

	Ithaca Hours (Site not responding. Last check: 2007-10-08)
		One of the first successful local currency schemes in North America, Ithaca Hours have gown to include chapters all throughout the United States as well as served as an inspiration for similar schemes throughout the world.
		Orginally Ithaca New York, but the scheme and mdoel has spread throughout the world.
		While dollars make us increasingly dependent on transnational corporations and bankers, HOURS reinforce community trading and expand commerce which is more accountable to our concerns for ecology and social justice.
	affinityproject.org /groups/ithacahours.html (161 words)

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