March 2, 2009 :: Denver Lessing :: No Comment Yet
The Obama administration is looking at the severity of the banking crisis with a mind to settling the issue of survivability and recoverability of banks, case by case, based on facts in evidence. The first step will be to gather evidence, through a series of ’stress tests’ designed to examine what resources troubled banks have to weather oncoming storms, then plan according to the results of those tests.
More on page 338
March 2, 2009 :: J.E. Robertson :: No Comment Yet
The hardest thing to understand about the current, and deepening, economic crisis, is that it came about largely because some of the most experienced, well-staffed and prestigious financial institutions in the world gambled on untenable projects of unlimited expansion, without ever producing sound mathematics to back up the projections. Philosophical exuberance replaced philosophical underpinnings, and the dynamo of financial speculation greased the wheels of commerce in a way that masked underlying shortfalls.
More on page 339
December 17, 2008 :: J.E. Robertson :: No Comment Yet
A long-running bellwether legal case in Canada’s farming industry, which has left at least one farmer unable to farm any crop variety of rapeseed (canola) —for fear of having to pay accidental royalties to bio-chemical giant Monsanto—, highlights the need for comprehensive reform of international seed regulation standards. The Canadian courts ruled that the individual farmer had to shoulder the burden of ferreting out any instance of “contamination” of his crop by pollen from nearby genetically-modified (GM) planting, as Monsanto held a patent on the seeds. The farmer, and those who support his claims, argue that there is no means by which anyone can prevent cross-pollination from GM plants.
More on page 287
December 13, 2008 :: staff :: No Comment Yet
The spread of cholera due to Zimbabwe’s foundering hygienic infrastructure is reaching crisis proportions. UNICEF is calling for an emergency fund of $17.5 million to fight the spread of cholera in Zimbabwe, calling the outbreak “a cholera crisis of unprecedented levels”. With 13,960 cases already declared and an estimated 589 dead to date, the UN warns upwards of 60,000 people could become infected if drastic and immediate action is not taken to contain the epidemic.
More on page 271
December 12, 2008 :: staff :: No Comment Yet
At a time when major U.S. companies are announcing job layoffs almost daily, the renewable energy industry is hiring new workers every day to build wind farms, install rooftop solar arrays, and build solar thermal and geothermal power plants. The output of industrial firms that manufacture the equipment for these energy facilities is expanding by well over 30 percent a year. These investments both create jobs and help prevent climate change from spiraling out of control.
More on page 260
October 13, 2008 :: J.E. Robertson :: No Comment Yet
The Dow Jones Industrial Average (DJIA/Dow) today had its single biggest day of gains in history, climbing 936 points. It could be a good sign, that on Friday the market “established a bottom”, but it’s important to remember: the nature of volatility is not that it is ripe for gain or ripe for loss, but that it is volatility, and one’s will and judgment are not always as relevant as one would like.
More on page 203
August 7, 2008 :: J.E. Robertson :: 7 Comments
As gasoline prices were escalating seemingly without hope of stalling or coming down, due to all-time record oil prices, and in the context of a severely weakened consumer economy, we found ourselves confronted with a major challenge to the basic assumptions of the dynamics of our economy. We have seen, in just one year, our [...]
More on page 194
July 31, 2008 :: J.E. Robertson :: 2 Comments
With gasoline prices at record highs, and the strain on a weak American economy already at an extreme, Pres. Bush is pushing Congress to hold an “up-or-down vote” on renewed exploration of the Outer Continental Shelf (OCS) before its August recess. Opponents protest that none of any oil found there would be available for production for 10 to 15 years, and the OCS plan is an attempt to deliver oil firms an otherwise unjustifiable gift, taking advantage of the pressurized situation of exorbitant prices.
More on page 190
July 21, 2008 :: J.E. Robertson :: 2 Comments
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 [...]
More on page 189
July 19, 2008 :: J.E. Robertson :: 6 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.
More on page 188
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.
More on page 182
July 15, 2008 :: J.E. Robertson :: 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.
More on page 175
July 12, 2008 :: jr3o :: 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.
More on page 173
July 11, 2008 :: J.E. Robertson :: 12 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.
More on page 167
July 10, 2008 :: J.E. Robertson :: 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.
More on page 154
July 10, 2008 :: jr3o :: 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.
More on page 164
July 10, 2008 :: admin :: 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.
More on page 155
July 9, 2008 :: J.E. Robertson :: 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.
More on page 149
July 3, 2008 :: J.E. Robertson :: 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.
More on page 148
June 24, 2008 :: J.E. Robertson :: 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.
More on page 140
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.
More on page 138
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.
More on page 114
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…
More on page 111
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.
More on page 112
March 29, 2008 :: admin :: No Comment Yet
Rice is a basic food staple for nearly half the world’s population. The world’s two most populous nations, China and India, depend heavily on the grain for basic sustenance, and for economic stability. The price of rice has doulbed in the last 3 months, causing concern about potential for conflict along Asian border regions.
More on page 89
March 17, 2008 :: jr3o :: No Comment Yet
We are on the verge of a major communications and global economic revolution, in which major media, technological advances, cloud computing and dispersed optimization, adapt to and take over new models for living and producing in human society. The New Scientist magazine reports in its March 15-21, 2008 edition that “web 3.0 will be about making information less free”.
More on page 52
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”.
More on page 110
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).
More on page 50
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.
More on page 18
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?”
More on page 104
January 2, 2008 :: J.E. Robertson :: 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.
More on page 101
December 14, 2007 :: admin :: 3 Comments
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.
More on page 100
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.
More on page 99
November 20, 2007 :: admin :: 4 Comments
As the crisis stemming from high-risk sub-prime mortgage lenders’ collapse in the US spreads, the real estate market beyond US borders is being hit by what observers are calling the ‘credit crunch’, taking for granted this will affect all international financial endeavors, such is the situation. The governor of the Bank of England has now warned that the United Kindom is facing what should be its tightest economic year in a decade, warning that the slowdown could last into 2009.
More on page 98
November 11, 2007 :: admin :: One Comment
Ecological advancement and retro-fitting will be the new boom economy. Let’s make sure we do everything possible to fund not only research, but implementation. What will it cost to produce an environmentally-oriented overhaul of the US economy, by way of the private sector, with government incentives, and to the ever-growing benefit of private sector interests? These are key questions being asked by scientists, activists, economists and politicians, not to mention energy industry executives and those whose core business involves fossil fuels.
More on page 97
October 24, 2007 :: admin :: No Comment Yet
Americans living overseas see the front edge of the dollar collapse. Life in Europe seems to be twice as expensive as just a few years ago, as Euro-driven price-inflation meets the rapid drop in the value of the dollar against major currencies, like the Euro and the British Pound Sterling. Americans at home are facing higher food prices, higher fuel costs, and an overall slowdown in home-buying.
More on page 96
October 15, 2007 :: admin :: No Comment Yet
The global consumption of bottled water reached 154 billion liters (41 billion gallons) in 2004, up 57 percent from the 98 billion liters consumed five years earlier. Even in areas where tap water is safe to drink, demand for bottled water is increasing—producing unnecessary garbage and consuming vast quantities of energy. Although in the industrial world bottled water is often no healthier than tap water, it can cost up to 10,000 times more. At as much as $2.50 per liter ($10 per gallon), bottled water costs more than gasoline.
More on page 95
October 13, 2007 :: admin :: 3 Comments
Peak oil is described as the point where oil production stops rising and begins its inevitable long-term decline. In the face of fast-growing demand, this means rising oil prices. But even if oil production growth simply slows or plateaus, the resulting tightening in supplies will still drive the price of oil upward, albeit less rapidly.
Few countries are planning a reduction in their use of oil. Even though peak oil may be imminent, most countries are counting on much higher oil consumption in the decades ahead, building automobile assembly plants, roads, highways, parking lots, and suburban housing developments as though cheap oil will last forever.
More on page 93
October 8, 2007 :: admin :: One Comment
Examining the manner in which financial news is reported in the popular media, HotSpring proposes to create a system whereby live-update, rss-technology, and financial and editorial expertise, come together to produce a reliable up-to-the-minute resource for evaluating broad economic trends and engagements, without limiting analysis to single-parameter references like GDP or individual stock indices.
It is often thought that in order to organize ideas or to put some kind of order to any analysis, one needs uniformity, a limited number of generic categories and a single system of uncomplicated parameters by which to categorize each subject under review. But the truth is, this uniformity is not and will not be the rule of any part of lived reality.
More on page 91
September 26, 2007 :: admin :: One Comment
As land and water become scarce and as competition for these vital resources intensifies, we can expect mounting social tensions within societies, particularly between those who are poor and dispossessed and those who are wealthy, as well as among ethnic and religious groups. Population growth brings with it a steady shrinkage of life-supporting resources per person. That decline, which is threatening to drop the living standards of more and more people below survival level, could lead to unmanageable social tensions that will translate into broad-based conflicts.
More on page 68
