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A bill addressing solutions for climate change recently passed the House of Representatives, but is facing a serious battle in the Senate. The most daunting challenges particularly for President Obama include limiting manufacturing and coal producing industries at a time of economic recession, as well as holding other large developing and greenhouse-gas producing nations to high emissions standards. Now, a group of progressives have addressed these seemingly intractable problems in a new paper called Green Paper Gold. Tim Costello, Jeremy Brecher, and Brendan Smith are the co-founders of Global Labor Strategies. According to them, the twin crises of economy and climate change can be solved together by harnessing a global currency to create jobs and fight global warming. The idea of using so-called “Special Drawing Rights” as a form of global money has been pushed by Nobel laureate and former World Bank chief economist Joseph Stiglitz.

GUEST: Jeremy Brecher, one of the co-founders of Global Labor Strategies, and a historian and author of several books including “Strike!, Globalization from Below”

Read Brecher’s article at http://fpif.org/fpiftxt/5759.