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US Recession Takes Root as Job-loss, Housing, Banking, Energy Crises Converge to Slow Growth

July 21, 2008 :: Joseph Eugene :: One Comment

CafeSentido.com :: The United States is firmly in the thrall of a banking meltdown, in which the normal structures, the means of measuring performance, and the meaning of debt-holdings, are all out of balance. More than one Wall Street firm or investment bank has written of tens of billions of dollars in uncollectable debt. Financier […]

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Food price crisis: more complex than first thought & putting food beyond the reach of the planet’s poor

July 19, 2008 :: Joseph Eugene :: 2 Comments

Food prices are skyrocketing. Initially, many put the blame on the rising demand of biofuels in the transport sector, but bio-ethanol is far from the only thing driving up food prices. New diets, soaring oil prices and climate change are all in the complex soup of explanations behind the recent development putting food beyond the reach of the planet’s poor.

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Gore’s Push for Carbon-free Energy Economy Suggests Green Tech Boom

July 19, 2008 :: Joseph Eugene :: No Comment Yet

The former vice president of the United States, Al Gore, yesterday announced an ambitious goal, which he says the nation can meet, of transitioning its entire domestic energy production to clean resources by 2018. The speech marks a major moment in the process of transition to the green technology boom, which will be the next step in the ongoing economic development of the United States and the world. Gore, however, warned that failing to meet the challenge to date means “the United States of America as we know it is at risk”.

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A Generational Challenge to Repower America: Text of Gore Energy Speech, as Prepared

July 18, 2008 :: admin :: 2 Comments

Ladies and gentlemen: There are times in the history of our nation when our very way of life depends upon dispelling illusions and awakening to the challenge of a present danger. In such moments, we are called upon to move quickly and boldly to shake off complacency, throw aside old habits and rise, clear-eyed and alert, to the necessity of big changes. Those who, for whatever reason, refuse to do their part must either be persuaded to join the effort or asked to step aside. This is such a moment.

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Al Gore Calls on U.S. to Produce All Energy from Renewables within 10 Years

July 17, 2008 :: Joseph Eugene :: 2 Comments

Former US vice-president Al Gore is calling on the nation to marshal its resources and divorce itself from the combustible fuels economy. Gore says the US can produce all its energy requirements from renewable resources within 10 years, if concerted action is taken. The bold initiative is designed to drive debate on the topic and move discussions about how to deal with high fuel prices toward the new opportunity they provide for funding renewable infrastructure development.

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Renewable Energy Consumption & Electricity Preliminary 2007 Statistics

July 16, 2008 :: jr3o :: No Comment Yet

EIA Report: Renewable energy consumption declined 1 percent between 2006 and 2007 to 6,830 trillion Btu, according to preliminary 2007 data. In contrast, both total energy and non-renewable energy increased 2 percent. There was wide variation in the consumption behavior of individual renewable energy sources. Hydro electricity dropped 14 percent in 2007 due to reduced precipitation in several regions of the country. On the plus side, biomass-based energy grew 7 percent and wind-generated electricity jumped 21 percent. Major increases in consumption of biomass to produce and use biofuels (ethanol and biodiesel) were almost entirely responsible for the increase in biomass during 2007.

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Pres. Bush Lifts Executive Ban on Offshore Oil Drilling, Challenges Environmentally-minded Congress

July 15, 2008 :: Joseph Eugene :: 2 Comments

US pres. George W. Bush has lifted the executive ban on offshore oil drilling on the Outer Continental Shelf (OCS), and has challenged the US Congress to act to open the OCS to new oil exploration, saying the US needs to increase domestic production to reduce its dependence on imported oil. The ban was put in place by his father, George H.W. Bush, the 41st US president, for environmental concerns and in part because the oil companies have leases for huge expanses of underwater terrain they have not explored or exploited.

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EPA Chief Says US Congress Should Legislate to Limit Carbon Emissions

July 12, 2008 :: Joseph Eugene :: 3 Comments

The chairman of the US Environmental Protection Agency (EPA), Stephen Johnson, says the Clean Air Act is “ill-suited” to fighting the greenhouse effect, and that Congress should pass laws mandating the regulation of carbon emissions, with global warming in mind. The move may lead to a more comprehensive regulatory regime, but as the Guardian newspaper notes: “Last year’s Massachusetts v. EPA Supreme Court ruling had found that greenhouse gases can be regulated under the U.S. Clean Air Act. The decision pressured the EPA to reconsider its refusal to regulate carbon dioxide emissions from new cars and trucks.”

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Food Insecurity & Failing States

July 12, 2008 :: Joseph Eugene :: No Comment Yet

During the concluding half of the last century, the world was making steady progress in reducing hunger, but during the transition into the new century, the tide began to turn. In February 2007, James Morris, head of the U.N. World Food Programme (WFP), announced that 18,000 children are now dying each day from hunger and related causes. For perspective, this loss of young lives in one day is almost five times U.S. combat deaths in Iraq through four years of fighting. Although these huge numbers of dying children may be an abstraction, each represents a young life ended far too soon.

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Transparent Dyes Allow Windows to Act as Super-powerful Solar Panels

July 11, 2008 :: Joseph Eugene :: 11 Comments

Special transparent dyes coating glass or plastic panes concentrate the Sun’s rays, guiding them to solar-voltaic cells lining the edges, allowing a window to act as a solar panel with 10 times the electricity generation capacity of solar cells, by current standards. The ‘organic solar concentrator’ (OSC) system also reduces cost, by reducing the surface area that needs to be coated by solar-voltaic cells and by eliminating the need for large concentrating mirrors and sun-tracking mechanisms.

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Oilman T. Boone Pickens Wants to Create National Wind-energy Network in the US

July 10, 2008 :: Joseph Eugene :: 3 Comments

T. Boone Pickens has started what USA Today reports will be “the biggest public policy ad campaign ever” to promote a national economic shift from oil to renewable fuels, primarily wind. The campaign is centered on the PickensPlan website, which shows the oil tycoon explaining how and why the US can and must break its dependence on foreign oil —for which American consumers pay $700 billion per year— by transitioning to an energy economy founded on exploiting the massive wind resources of the Great Plains.

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Wind Power Set to Become World’s Leading Energy Source

July 10, 2008 :: Joseph Eugene :: No Comment Yet

In 1991, a national wind resource inventory taken by the U.S. Department of Energy startled the world when it reported that the three most wind-rich states —North Dakota, Kansas, and Texas— had enough harnessable wind energy to satisfy national electricity needs. Now a new study by a team of engineers at Stanford reports that the wind energy potential is actually substantially greater than that estimated in 1991.

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Wind Energy Demand Booming

July 10, 2008 :: Joseph Eugene :: No Comment Yet

When Austin Energy, the publicly owned utility in Austin, Texas, launched its GreenChoice program in 2000, customers opting for green electricity paid a premium. During the fall of 2005, climbing natural gas prices pulled conventional electricity costs above those of wind-generated electricity, the source of most green power. This crossing of the cost lines in Austin and several other communities is a milestone in the U.S. shift to a renewable energy economy.

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Oil Shock: the Coming Economic Unraveling & How We Can Adjust

July 9, 2008 :: Joseph Eugene :: No Comment Yet

Petroleum is the most pervasive base resource other than water in the global economy of the 21st century, and as demand is exploding, production is nearing its geological peak, and untenable price increases are hitting a strained economy hard. Oil prices could be in a stagflation lock, unable to readjust to consumers’ means, unable to compete as emerging energy sources repeatedly slash development and commercial prices. Whatever factors are at play, crude oil prices have jumped over 900% since 1998, and it looks like production cannot meet global demand.

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Can We Harness Hydrocarbon Energy without Burning Hydrocarbon Fuels?

July 8, 2008 :: Joseph Eugene :: 2 Comments

As we search for a new way to fuel the global economy, in the midst of a rapidly spreading climate crisis, skyrocketing petroleum-based fuel prices and the likely imminent moment of peak oil production, it is instructive to look at the possibility that energy we already know how to access might be derived in (not cleaner, but) entirely clean ways. If we can find new sources of hydrocarbon fuels, can we access their energy content without burning them or emitting carbon?

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Clean Fuel: Toyota to Add Solar Panels to Hybrid Vehicles

July 7, 2008 :: Joseph Eugene :: 3 Comments

The green technology transition is gaining momentum. Japanese auto manufacturer Toyota has announced it will add solar panels to some of its fleet of hybrid vehicles. The “high-end” third-generation Prius models will sport Kyocera-produced solar panels on the roof, aimed at assisting with powering the air-conditioning and other peripheral operations, freeing up battery energy to give the hybrid engines more non-combustion mileage.

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What the Market Doesn’t Know Can Hurt You, Whoever You Are

July 3, 2008 :: Joseph Eugene :: No Comment Yet

Every participant in any system, is dependent upon the quality of information behind the major forces at play, just as any player in any system is beholden to the quality or jeopardy posed by the system’s prevailing methods. Free flow of information is the best hope of achieving the optimum level of functionality for the broadest array of stakeholders.

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New Generation of Cellulosic Ethanol Could Avert Food-Price Fallout

June 24, 2008 :: Joseph Eugene :: One Comment

The New Scientist magazine this week heralds a ‘plan B for biofuel’, making the case that starch-based ethanol fuels, like corn ethanol in the US, may drive up food prices, but a new generation of biofuels will sidestep the problem and help ethanol live up to its promise. “The corn required to fill an SUV tank with bioethanol just once could feed someone in Africa for a year” reports the UK-based magazine, but most biomass is not the starch currently being used to create bioethanol.

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Corn Ethanol is a Destructive Economic Force, Not the Basis of Our Energy Future

June 24, 2008 :: Joseph Eugene :: One Comment

Corn-ethanol, long a fascination for US politicians and for the farm lobby that courts their support for ethanol subsidies, may play some role in remediating the economic fallout of soaring gasoline prices, though it seems unlikely, for a number of reasons. First and foremost is the fact that the numbers work against us: in order to produce more corn-ethanol, we must divert cropland destined for food production to fuel production, and that has a severely negative impact on the availability and affordability of corn for human consumption.

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Challenge on Food Front: Business-as-Usual Not a Viable Option

June 23, 2008 :: jr3o :: No Comment Yet

A fast-unfolding food shortage is engulfing the entire world, driving food prices to record highs. Over the past half-century grain prices have spiked from time to time because of weather-related events, such as the 1972 Soviet crop failure that led to a doubling of world wheat, rice, and corn prices. The situation today is entirely different, however. The current doubling of grain prices is trend-driven, the cumulative effect of some trends that are accelerating growth in demand and other trends that are slowing the growth in supply.

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IEA Says World Needs Sweeping Energy-Technology Revolution

June 18, 2008 :: Joseph Eugene :: 2 Comments

The International Energy Agency has called for a major increase in the price at which carbon emissions are traded in carbon-offsetting schemes designed to reduce emissions. The IEA, as reported by the Financial Times, has called for carbon offsets to be priced closer to $200 per ton, in order to bring carbon-trading schemes in line with the costs of reducing emissions. EU carbon offsets are currently priced at roughly $43 per ton.

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Reforestation, Ecosystem Resilience & Paper Technologies

May 30, 2008 :: Joseph Eugene :: 2 Comments

Reforestation is a necessary part of the process of any ecologically responsible development strategy. Forest cover is not only a potent natural resource feeding the overall resilience of an ecosystem, but the hydrological and soil-quality stability, along with the biodensity it can generate, mean it is now more clear than ever that natural levels of forest cover have a very high economic value over the long term.

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Food Riots Spread Across the World as Soaring Prices Impact Poor Areas

May 10, 2008 :: admin :: No Comment Yet

Food riots from Haiti to west Africa, Egypt and the Philippines, in recent weeks, have sparked concern among policy-makers, diplomats and economists, that the current state of the global food supply is so precarious that such violence will spread and political and economic instability could follow. Concerns about the American economy, home to most productive grain-producing region in the world, and a shift to biofuels there, could mean added difficulty in bringing food prices down.

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Openness May Be New Gold-standard for Government, Business, Technology

May 8, 2008 :: Joseph Eugene :: No Comment Yet

The open-source movement has been a revolutionary phenomenon of startling proportions. It has changed the way software works for us in our daily experience, by bringing costs down far enough that now anyone with an internet connection can launch a web-based publication in literally seconds. Its efficiency, its appeal, its human element, make it a standard to watch as other sectors of economics and public life evolve to integrate the latest communications technologies, and aim for optimum end-user freedom and flexibility.

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Ecosystem Services-Based Farming in Ethiopia Increases Crop Yields & Empowers Women

April 21, 2008 :: admin :: No Comment Yet

The Tigray Project in northern Ethiopia sounds too good to be true. It is said to demonstrate how sustainable agriculture can lead to increased crop yields, raised water tables, improved soil fertility, increased incomes and empowering of women. The government has now adopted the project’s approach for combating land degradation and poverty in the whole country. SDU went there to check out if the project is as good as rumour has it.

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Sinking Dollar Cripples American Travelers

April 11, 2008 :: admin :: No Comment Yet

In the heart of Madrid, the dollar’s woes have reached fevered extremes. The euro at its worst, shortly after its introduction, could buy only $0.69; it is now worth $1.57, an appreciation of 127.5%, or 2.275 times its lowest value against the dollar. What’s worse, money changers advertising “no commission” do not adhere even loosely to the official rate of exchange…

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Food Riots in Haiti, Protests in El Salvador, as Corn Prices Skyrocket

April 9, 2008 :: admin :: One Comment

In a period of roughly 18 months, the price of corn across central American markets has doubled, making staple foodstuffs too expensive for many in the region. Today, what is described as an “angry mob” of protesters suffering food scarcity attacked the government palace in Port-au-Prince; UN peacekeepers responded by firing teargas, while food markets remained closed throughout.

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Moving Down the Food Chain

March 28, 2008 :: admin :: No Comment Yet

One of the questions I am most often asked is, “How many peo-ple can the earth support?” I answer with another question: “Atwhat level of food consumption?” Using round numbers, at theU.S. level of 800 kilograms of grain per person annually for food and feed, the 2-billion-ton annual world harvest of grain would support 2.5 billion people. At the Italian level of consumption of close to 400 kilograms, the current harvest would support 5 billion people. At the 200 kilograms of grain consumed by the average Indian, it would support a population of 10 billion.

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Confluence of Housing, Energy, Commodities, Banking, Jobs & Food-price Strains Called ‘Economic Perfect Storm’

March 17, 2008 :: admin :: 2 Comments

On Thursday of last week, we found on the same day reports that mortgage foreclosures were at an all-time high in the US, the US dollar had fallen to an all-time low against the euro ($1.56 to 1€), the Federal Reserve joined with other central banks to infuse $200 billion into capital markets, oil hit an all-time record of $111/barrel, gold hit an all-time record of $1,001/ounce, Asian and European markets plummeted on news that Carlyle Capital —one of the world’s largest capital management funds— was in collapse, and Chrysler would shut down its entire corporation for 2 weeks in July, with no pay, to “increase productivity”.

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Pittsburgh Jobs Conference to Focus on Greening of US Industry, Spurring Transition to ‘Green-collar’ Workforce

March 13, 2008 :: admin :: No Comment Yet

The emergence of ecological economic trends, methods and industries, means that a wave of job creation could be the stabilizing factor which helps American industry recover both momentum and public appeal, potentially helping to ease pricing pressures and banks’ concerns about lending to individuals and small and medium-sized businesses.

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Green Economy: Resilience Services Will Meet Opportunity & Urgency

March 13, 2008 :: jr3o :: One Comment

The ongoing transition to an environmentally sustainable economy, focusing on energy and agricultural resources, is already opening the door to a range of new industrial and engineering services related to resource and ecosystem resilience (now understood to be vital to the stability of the natural environment whose own services underpin every element of our civilization).

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Green Investment Boom Gets Traction: Fund Promises $10 Billion for Clean Energy

February 15, 2008 :: jr3o :: One Comment

The private investment fund Ceres, a group of institutional investors, has promised to devote $10 billion to investment in clean energy sources. The news comes as 3 of the world’s major oil companies call for coordinated policy on how to face climate change, constrain emissions, and a couple of months after 150 global corporations asked for a major boost in subsidized research into transitioning to clean energy technologies.

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Plan B 3.0: Mobilizing to Save Civilization

February 8, 2008 :: jr3o :: No Comment Yet

Ecologist and researcher Lester Brown, founder and president of the Earth Policy Institute, has issued the 3rd installment of his ‘Plan B’ books —Plan B 3.0: Mobilizing to Save Civilization (2008)—, which lay out the most vital research underlying and the most optimal means of meeting the need to transition to a sustainable economy that not only works in harmony with natural system, but also helps to reverse the excesses of the existing industrial model.

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Why Ethanol Production Will Drive World Food Prices Even Higher in 2008

February 6, 2008 :: admin :: 2 Comments

We are witnessing the beginning of one of the great tragedies of history. The United States, in a misguided effort to reduce its oil insecurity by converting grain into fuel for cars, is generating global food insecurity on a scale never seen before. The world is facing the most severe food price inflation in history as grain and soybean prices climb to all-time highs. Wheat trading on the Chicago Board of Trade on December 17th breached the $10 per bushel level for the first time ever.

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Final Bush Budget Shows Economic Weakness, Policies at Odds with Marketplace, Moment

February 5, 2008 :: admin :: No Comment Yet

Among the numerous scathing criticisms leveled against the record $3.1 trillion federal budget proposal —which will be the last of the George W. Bush White House— are fiscal irresponsibility, near record deficits, and plans to cut or eliminate fully 151 federal programs, in an effort to save just $18 billion, while base Defense Dept. spending increases by 8%.

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‘Davos Conversation’ Allows Public to Match Ideas with Policy-Makers

February 4, 2008 :: admin :: No Comment Yet

The ‘Davos Conversation’ is a multimedia effort to bring online public together with major policy-makers, activists and economists, to broaden the scope of debate at the World Economic Forum. The question which was used as a platform for the online forum was “what one thing would make the world a better place?”

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Unified Earth Theory: Can Integrating Efforts to Reduce Poverty with Sustainable Development Heal Global Economy?

February 4, 2008 :: admin :: No Comment Yet

At the World Economic Forum at Davos, Switzerland, a range of ideas from international disease relief, healthcare, security, climate change, extreme poverty, and the responsibility of market incentives, took the discussions in a new direction. Fmr. US vice-president Al Gore spoke of the need for a “marriage” of policy regarding extreme poverty and the climate crisis.

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Elections, Credit, Fuel Costs, Soil Quality, Water Policy & Access to Food Crucial in 2008

January 2, 2008 :: admin :: No Comment Yet

2008 will be a year in which the integrity of election processes, the quality and resilience of cultivated soils, the availability of credit to consumers, the affordability of homes and rentals, and access to affordable vital staples like food and water, as well as the cost of transportation, will affect economies the world over. Some economic analysts have said the combination of these factors, resulting instability or environmental degradation, and migration of affected populations, could mean the world is facing an unprecedented level of economic precariousness.

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Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food Prices

December 14, 2007 :: admin :: One Comment

If you think you are spending more each week at the supermarket, you may be right. The escalating share of the U.S. grain harvest going to ethanol distilleries is driving up food prices worldwide. Corn prices have doubled over the last year, wheat futures are trading at their highest level in 10 years, and rice prices are rising too. In addition, soybean futures have risen by half.

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The 12-year Sea Change, the Green Economy

December 3, 2007 :: admin :: No Comment Yet

Between the years 2008 and 2020, we are likely to see a still unimaginably sweeping shift away from fossil fuels and high-contamination modes of powering our economy. The transition will have a political component, but will be driven mostly by cost concerns, resource scarcity, and public demand for cleaner air and responsible climate policy, a demand which is not ideological in nature.

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