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Louis O. Kelso (1913-1991), lawyer-economist who developed the concept of binary economics, defined with philosopher Mortimer Adler the three principles of economic justice, and invented the technique using productive credit and “future savings” (first applied with the leveraged Employee Stock Ownership Plan) to turn non-owners into owners of income-producing capital.
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UAW President Walter Reuther testifies February 20, 1967 before a Joint Committee of Congress. He advocates employee stock ownership as a way for workers to gain their income increases out of the bottom line without raising costs to business.
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Louis Kelso appears on “60 Minutes” telecast (1975) entitled “A Piece of the Action.” Interviewer: Mike Wallace. Features statements by Sen. Russell Long and Nobel Economist Paul Samuelson.
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Louis Kelso and the ESOP are featured on “60 Minutes,” with Mike Wallace, broadcast over the CBS television network in 1975.
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Bipartisan Ownership Campaign candidates in the 1979 New Hampshire presidential primaries. Sitting, left to right: Jim Burch, Ennis Francis, Tommy Kersey. Standing, left to right: OC Campaign Mgr. Luis Granados, Norman Kurland. (Interview by Manchester Union Leader.)
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Senator Russell Long wears the OWN button. “OWN” stood for “Ownership for Workers Now,” the slogan of the Ownership Campaign which ran Democratic and Republican candidates in the 1979 presidential primary in New Hampshire. The late Senator Long is remembered as the “father of the Employee Stock Ownership Plan” on Capitol Hill.
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Fr. William Ferree, co-founder of CESJ and renowned scholar in the social teachings of Pope Pius XI, visits home of Norm Kurland in 1984 for his “monthly pilgrimage” from Dayton, Ohio.
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(l to r) Fr. Andrew Morlion (Pope John XXIII’s emissary between Presidents Kennedy and Khrushchev during the Cuban missile crisis) meets in 1985 with Fr. William Ferree at CESJ headquarters. Morlion eulogized Fr. Ferree as “America’s greatest social philosopher.”
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Members of the newly formed Center for Economic and Social Justice meet with Amb. J. William Middendorf II, prior to the creation of Pres. Ronald Reagan’s bipartisan Presidential Task Force on Project Economic Justice.
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Workers at the La Perla plantation in Guatemala organize to protect their lives and ownership stakes from communist insurgents, some of whom later joined to become part owners of the plantation.
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Pope John Paul II meets Project Economic Justice Delegation, which is joined by representatives of the Polish Solidarity Union.
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His Holiness Pope John Paul II greets CESJ President Norman Kurland, commending the work of the Center for Economic and Social Justice, 1987.
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President Ronald Reagan accepts the report of the Presidential Task Force recommending the promotion of employee stock ownership plans throughout the Caribbean and Central America, as a way of counteracting communist insurgencies.
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Two powerful supporters of Louis Kelso’s ideas – Sen. Russell Long and Pres. Ronald Reagan, 1987.
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Sen. Russell B. Long and Norman G. Kurland
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Pope John Paul II receives special copy of Curing World Poverty, from CESJ members Fr. Cassian Yuhaus and Norman Kurland
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Participants of the 1995 East St. Louis Syntegration on Old Man River City.
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Illinois State Rep. Wyvetter Young (m) with Rowland Brohawn (l) and Dawn Brohawn (r) at 1995 Syntegration
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Dr. Bill Perk (2nd from right), organizer of the 1995 syntegration on Old Man River City stands with other participants, including Rep. Younge and CESJ’s Dawn Brohawn
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Dance legend, humanitarian, global thinker Katherine Dunham who with Bucky Fuller and Rep. Wyvetter Younge, conceived of Old Man River City.
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Illinois State Rep. Wyvetter Younge, sponsor of House bill introducing the for-profit, citizen-owned Community Investment Corporation. The bill passed 114-0, but Rep. Younge passed away soon after and the bill never went forward.
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CESJ Pres. Norm Kurland (middle) and Rep. Walter Fauntroy (right) march with local DC community on New Birth Project
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Agric. Secy. Mike Espy receives copy of CESJ’s Curing World Poverty. He later invited CESJ President Norm Kurland to participate in a Senior Policy Retreat to discuss broadened ownership reforms for family farms and farmworkers.
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Delaware Gov. Pierre S. duPont signing expanded capital ownership legislation (HB 31) for Delaware workers and citizens (1981).