World Future Council demands warning labels for speculative investments

Press release – for immediate release

Hamburg, 26th August 2009. The World Future Council demands warning labels on investment products to improve consumer protection, similar to the labels on tobacco products. Issuers of highly speculative investments such as certificates should be obligated to advise consumers of the risks involved with such investments. Printed labels stating “Speculations with high risk investments may ruin you” or “Financial speculation causes wage dumping” would not only strengthen consumer consciousness of financial risks but also warn them about the outcomes of unlimited speculation for people and the environment. The best example to prove that tighter consumer protection is necessary is the Lehman case where approximately 40,000 German investors lost the majority of their invested money. Speculative transactions are also ethically problematic and can have severe consequences on a global level; this is supported by last year’s price increases for wheat, soy, rice and corn which caused food crises in several countries.
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G8 Finance Ministers must support UN crisis summit

Press release – for immediate release

New York/Hamburg, 12.6. 2009. The World Future Council urges G8 Finance Ministers meeting in Lecce, Italy, today and tomorrow to help ensure the success of the UN High Level summit on The World Financial and Economic Crisis and its Impact on Development. The summit is held on June 24-26 in New York City.
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World Future Council: Parliamentary hearings for new corporate charter legislation

Media release

Hamburg, 31.03.09. The World Future Council promotes a radical shift in national and international economics far beyond the proposals to be expected from the G20 meetings currently being held in London. As part of this effort, the WFC will prepare parliamentary hearings for new corporate charter legislation in co-operation with key business, labour and civil society organisations. The new
legislation would force corporations to take responsibility for the environmental and social damage they cause. In addition, it will increase accountability of the board and limit the compensation range between the highest and lowest paid employees to a ratio of 25:1. “No company’s success depends on the CEO alone”, said WFC founder Jakob von Uexküll at the close of a meeting of the organisation’s Councillors and high level international economics experts on March 27th – 31st in Egypt.

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