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Cleveland has launched a major initiative to create worker-owned cooperatives in the green business sector.

The best-known project to support the development of worker cooperatives as a way to rejuvenate disadvantaged neighborhoods is the Evergreen cooperative project.

Clif Bar is being bought by Chicago-based food giant Mondelez in a transaction that will pay $580 million for the ESOP-held shares, almost double their 2020 value.

The Administration's proposed budget does not include repeal of section 133 of the Internal Revenue Code. Section 133 allows commercial lenders to deduct 50% on the interest income they receive on loans to majority ESOPs that pass through full voting rights.

On June 13, Hilary Clinton formally launched her campaign for president with a promise "to build an inclusive economy." Among the examples of the policies that might be included in such a platform, she said, "I will give new incentives to companies that give their employees a fair share of the pr

President Clinton's revenue proposals for the year 2000 call for the elimination of the special exemption from "UBIT" (unrelated business income tax) for ESOP in S corporations. Under existing law, any earnings attributable to an ESOP in an S corporation are not currently taxed.

In an August 11 article, CNBC.com described employee ownership as "one of the only policies that can directly deal with the economic reality that gains in the economy have largely gone to Americans with access to stocks. ESOPs help solve that discrepancy by not only distributing profits of private companies more equally amongst workers, but also giving them more control of the company in turn."

CNN's "Newsstand" will air a story on broad-based options on October 7. The show generally appears immediately after "Larry King Live." NCEO director Corey Rosen was interviewed for the story. Other events, of course, may change the planned airing.

Meanwhile, Coca-Cola, Level 3 Communications, and the Washington Post Company have announced that they will expense options. Coca-Cola is taking an innovative approach to valuing the options, asking two investment banks to help determine a price.

The San Francisco Chronicle reported on January 13 that the coffee roaster and café company Four Barrel had settled a lawsuit alleging sexual harassment.