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Peace activists chained themselves to Textron’s world headquarters in downtown Providence this morning, protesting the RI-based conglomerate’s role in supplying cluster bombs to Saudi Arabia.
Police arrested three activists who chained themselves to Textron’s front doors. Pia Ward, Mark Baumer and Lee Stewart used bike locks to chain themselves to Textron’s front entrances. They were handcuffed and placed in a van. An officer said they were being taken to the station to be processed.
“The climate change crisis demands that we end militarism and put those resources towards creating a better world for all, human and nonhuman alike,” said Ward in a prepared statement. “As a resident of Providence I don’t think we should accept a company like Textron who makes cluster bombs, kills civilians and profits off of death and conflict.” said Mark Baumer. “Fighting for my humanity in a country that produces and sells cluster bombs that kill innocent people means rejecting personal complicity by taking action,” Stewart said.
Providence fire fighters unscrewed door handles to remove the activists. They had construction-grade grinders on hand in case that didn’t work. At least two police cruisers and four fire vehicles responded. The activists disrupted traffic at the intersection of Westminster and Weybossett streets for at least 30 minutes. The entrance to Textron was blocked for at least 15 minutes before police arrived.
Textron has come under what the activists called “intense scrutiny” for its role in supplying cluster bombs to Saudi Arabia. Human Rights Watch exposed in February that Saudi Arabia is using cluster bombs in areas populated by civilians in Yemen. Cluster bombs, which pose a danger to civilians, are banned by 119 countries but not by the United States. The US buys cluster bombs from Textron and sells them to Saudi Arabia.
RI Future was the first to report that Rhode Island-based Textron is involved in the growing international resistance to the US role in supplying Saudi Arabia with cluster bombs.
Senators Chris Murphy, of Connecticut, and Rand Paul, of Kentucky, recently proposed new legislation that would halt arms sales to Saudi Arabia. A spokesman for Senator Sheldon Whitehouse said he is evaluating the bill.
According to Providence Police Commissioner Steve Pare the activists are charged with vandalism and malicious mischief. They will be released today. The activists asked that donations to support them be made here.
This post will be updated.
Steve Ahlquist contributed to this report.
Read RI Future’s full coverage of Textron’s cluster bombs here:
The Capital Good Fund is proving investors will support efforts that promote economic justice. The non-profit lending agency that focuses on helping people out of poverty has raised $650,000 since October through a Direct Public Offering.
“We are thrilled by the response to this social impact investing model,” said Andy Posner, the founder and CEO of Capital Good Fund. “It was our hypothesis that people would be inspired by the opportunity to connect their capital with their conscience, and the past few months have borne that out.”
Posner’s beleif is that people will invest in things that help the community. That’s what the Capital Good Fund does, from the bottom up. CGF gives financial coaching to low-income Rhode Islanders and is perhaps best-known for offering a non-predatory alternative to payday loans.
It “provides small personal loans that range from $300 to $15,000 and unbiased financial advice to poor and low-income Rhode Islanders who would normally only have access to capital through fringe and predatory lenders such as payday lenders, pawnshops, and rent-to-own stores,” according to a news release.
The Providence-based “social change organization” is trying to raise $4.25 million to issue 17,000 loans and create 60 jobs in Rhode Island in the next five years, Posner said. Since 2009, Capital Good Fund has made more than 1,000 loans and for more than $1million, with a payback rate of 90.4 percent. “Our financial coaching covers the basics of finances and health, so things like creating a budget, reviewing credit, managing debt, and eating well on a budget,” Posner said.
The first $500,000 raised is already helping Posner create new jobs in Rhode Island. It’s helped put Capital Good Fund in a position to hire several new employees. The news release says there are “five open positions in loan origination, loan servicing, and systems development. The Fund expects to hire five more positions in the third quarter of 2016. Interest applicants can learn more at www.goodfund.us/jobs.”
The Direct Public Offering (DPO) is like an Initial Public Offering (IPO) with a different name. “Because we are a nonprofit we cannot issue stock or shares, however we can issue debt,” Posner said. Investors, he said, can earn 6 percent interest on a $1,000 loan. And that investment helps CGF lift working class Rhode Islanders out of the cycle of poverty.
“Capital Good Fund is using a market-based solution that has the potential for dramatic scale and impact,” said Randy Rice, Capital Good Fund’s board chair who is also the communications director at Trillium Asset Management. “I invested in the DPO because I believe that if we are to solve pressing social and environmental challenges such as poverty, income inequality, and climate change, we need to take advantage of new approaches.”
Potential investors can learn more at www.socialcapitalfund.org