March 3, 2009 :: staff :: No Comment Yet
Pres. Barack Obama today visited the Interior Dept., noting it was once called in jest “the Department of Everything Else”, a government agency with responsibility for nearly 1/5 of the entire land area of the United States. He professed his intention to task the Interior Dept. with taking major steps to help build green infrastructure for an energy economy based on solar-voltaic and wind-turbine-generated energy.
More on page 355
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
February 13, 2009 :: J.E. Robertson :: No Comment Yet
There is talk of a major overhaul of the US banking system, with some analysts and economists saying the situation is so dire that widespread “nationalization” —or government takeover— will be necessary, and others saying there needs to be a bad-debt takeover bank, that takes on the huge financial risk of major banks’ “toxic assets”, so that the banks can “clear their books” and begin to lend. But another possibility looms as the likely more appealing option: the creation of a Federal Competitive-Lending Bank (FCLB)…
More on page 332
February 8, 2009 :: J.E. Robertson :: No Comment Yet
Pres. Barack Obama announced, just one week after taking office, the creation of a new website, Recovery.gov, which will detail the manner in which all the money from his American Recovery and Reinvestment Plan, once passed by Congress and signed into law, is being spent. The website is another in a series of steps to create a far-reaching reform of the federal government’s reporting to the public about its activities, with the aim of achieving Obama’s promise of the “most transparent” government in US history.
More on page 329
December 21, 2008 :: J.E. Robertson :: No Comment Yet
There are over 230 million people suffering from hunger or undernourishment in India. No other nation has so many people suffering chronic malnutrition, and the undernourished in India represent 27% of the worldwide hunger-stricken population. While India’s economy develops and the potential for an expanded middle class takes root, the total number of Indians going hungry has risen, despite the overall percentage of undernourished, as part of the whole population, having been reduced in recent years.
More on page 296
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 11, 2008 :: J.E. Robertson :: No Comment Yet
The climate change conference currently underway in Poznan, Poland, seeks to build on the Bali agreement, adopted by 180 countries in 2007, in hopes of achieving a global emissions regime. A sweeping economic downturn overtaking North America and Europe, and now hitting China’s manufacturing and export base, it is feared, will hamper efforts to implement comprehensive green industrial and economic reforms.
More on page 225
December 10, 2008 :: J.E. Robertson :: 2 Comments
It may be that “a few bad apples” got the ball rolling on what has turned into a massive international financial disaster. Or, it may be that a few bad apples got their names in lights, while the entire system conspired unwittingly in a spectacular collapse. Either way, the best expression of the problem might be to say that markets have stopped working, in part, because they have been comprehensively modified to stop working like markets. An open banking transparency network would reduce the motivation for wrongdoing and privilege more reliable sources of information, creating confidence and motivating sound market dynamics.
More on page 199
December 8, 2008 :: J.E. Robertson :: No Comment Yet
US president-elect Barack Obama pledged on Saturday, in his weekly radio and web address, to initiate a massive public works program to help create jobs, build a greener economy, restore US industrial relevance and spur economic growth. The plan announced by Obama would also require that states who participate in the massive investment in new and upgraded infrastructure use the money quickly or lose the funding.
More on page 217
November 25, 2008 :: J.E. Robertson :: 2 Comments
As the “perfect storm” gathers from inchoate, deceptively non-threatening winds, we can look ahead, backward and into the mirror and ask how crisis comes, or why, if it is inevitable, if we might just fall right out of it, as we fell into it. But the answer is simple: human crisis comes from excess, from inordinate ambition, from misplaced aggression, from over-exploitation of resources, each of which generates real and problematic tension across the landscape of human experience.
More on page 211
November 7, 2008 :: J.E. Robertson :: 2 Comments
To understand the relevance and virtues of Barack Obama’s economic vision, we have to look at the long history of struggle between American laissez-faire capitalism and American middle-class capitalism. We are on the verge of what is likely to be a comprehensive philosophical shift in economic policy toward generative investment, which means counting as economic imperatives the resilience and productive expansion of the positive bases of economic growth, i.e. human and environmental health and well-being, resource-density and cyclical models of resource use and reproduction.
More on page 206
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 :: 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”.
More on page 187
July 18, 2008 :: admin :: 4 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.
More on page 186
July 17, 2008 :: J.E. Robertson :: 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.
More on page 184
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 :: J.E. Robertson :: 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.”
More on page 169
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 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 8, 2008 :: J.E. Robertson :: 3 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?
More on page 150
July 7, 2008 :: J.E. Robertson :: 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.
More on page 151
June 24, 2008 :: J.E. Robertson :: 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.
More on page 139
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
June 18, 2008 :: J.E. Robertson :: 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.
More on page 136
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
May 8, 2008 :: J.E. Robertson :: 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.
More on page 118
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 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 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%.
More on page 105
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
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.
More on page 103
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
