Economics
Global Warming: Top Scientist Tells Us We have Just One Year Left to Act
Global warming is hitting us already. It is no coincidence that some of the biggest storms and an unexpected number of storms are hitting us now. Nor are food shortages coincidence...nor are they caused primarily by biofuels. Extreme weather, an expected part of global warming, is hitting us hard, damaging crops around the world. Crops are established based on a particular climate. That climate has changed and it will take time for agriculture to adapt and infrastructure to be put into place. Time and money.
Global warming isn't our future. It is our now.
I have covered how the more optimistic scientists think we have 10 years (now more like 8) to deal with global warming before we are hit with the full brunt of it. Essentially that means we have that period to mitigate the eventual effects. Keep in mind that there will be some delay before the worst happens. That relative optimism is fading. Now even some of the most optimistic scietists are realizing that the models were wrong. Global warming is hitting harder and faster than predicted. Things are WORSE than the models predicted. Jim Hansen, possibly the top global warming scientist and the head of NASA's Goddard Institute of Space Sciences (where my wife works), has revised the estimate of how long we have to act to mitigate global warming down to one year. This is our last chance right now. Time has run out to act.
ecology | Economics | Energy | Environment | Food | Global Warming | resources | Science | water | Carbon Fund | Green Belt Movement | Jim Hansen | Native Energy | Trees Water People
Great Lakes Green 2008: Residential Green Building Conference, Michigan
08/21/2008 - 08/23/2008: Great Lakes Green 2008: Residential Green Building Conference
Location: Grand Rapids, Michigan- Amway Grand Plaza Hotel
Cost: $65.00 and up
Great Lakes Green is a partnership between Green Built Michigan, Inc. and the Michigan Association of Home Builders (MAHB). Great Lakes Green is intended to be an educational show that will generate greater awareness (among the building industry and the general public) about residential green building programs and technologies. More info here.
architecture | Economics | Environment | Michigan
Embracing a Green Future – a conference for manufacturers, Michigan
06/24/2008 - 06/25/2008: Embracing a Green Future – a conference for manufacturers
Location: Grand Rapids, Michigan- GVSU Eberhard Center
Cost: $445
Embracing a Green Future will teach manufacturers sustainable business practices to help them achieve triple bottom line results like these:
· A 50% reduction in energy costs - Rapid-Line, Inc.
· A 10% reduction in operating costs-H&L Advantage
· A 16-million-gallon reduction in water use, saving more than $30,000 each year-Metalworks
· A 35% reduction in metal scrap-Whirlpool, Corp.
More info here. Register for this event by Friday June 13, 2008. Please contact Natalia Powers at 616-771-0327 if you have additional questions.
alternative energy | Economics | Environment | Michigan
Robert Reich wasn't kidding : "I believe that Barack Obama should be elected President of the United States"
About 10 minutes past 1:00pm but the post is but nevertheless:
The formal act of endorsing a candidate is generally (and properly)limited to editorial pages and elected officials whose constituents might be influenced by their choice. The rest of us shouldn't assume anyone cares. My avoidance of offering a formal endorsement until now has also been affected by the pull of old friendships and my reluctance as a teacher and commentator to be openly partisan. But my conscience won't let me be silent any longer.
I believe that Barack Obama should be elected President of the United States.
Previously : Robert Reich didn't expect to support Obama but now he is.
Economics | Endorsement | Politics | 2008 Presidential Elections | Barack Obama | Democrats | Hillary Clinton | Primaries | Robert Reich
It's costs 2 cents to make a penny. WTF!
A penny minted before 1982 is ninety-five per cent copper—which, at recent prices, is approximately two and a half cents’ worth. Luhrman, who had previously owned a company that refined gold and silver, devised a method of rapidly separating pre-1982 pennies from more recent ones, which are ninety-seven and a half per cent zinc, a less valuable commodity. His new company, Jackson Metals, bought truckloads of pennies from the Federal Reserve, turned the copper ones into ingots, and returned the zinc ones to circulation in cities where pennies were scarce. “Doing that prevented the U.S. Mint from having to make more pennies,†Luhrman told me recently. “Isn’t that neat?†The Mint didn’t think so; it issued a rule prohibiting the melting or exportation of one-cent and five-cent coins. (Nickels, despite their silvery appearance, are seventy-five per cent copper.) Luhrman laid off most of his employees and implemented his corporate Plan B: buying half-dollars from banks and melting the silver ones (denominations greater than five cents aren’t covered by the Mint’s rule); mining Canadian five-cent coins (which were a hundred per cent nickel most years from 1946 to 1981); and lobbying Congress.
Cooper | Economics | Gold | Mining | Money | Nickle | Protectionism | Silver | Zinc | Federal Reserve | US Mint |
What comes around goes around
A year ago, the Mortgage Bankers Association was thrilled to sign a contract to buy a fancy new headquarters building in downtown Washington. Interest rates were low, the group's revenues were steady and the prospects for quickly renting out part of the structure were strong.
But since then, the association has fallen on tough times as many of the subprime mortgages dispensed by some of its members proved dicey. Borrowers discovered the loans were more costly than they had anticipated. Foreclosures soared, and cheap, inexpensive credit dried up, slowing the economy.
The result: The trade group is about to find it harder than it imagined to pay its own mortgage.
Banking | Economics | Irony | Lobbying | Mortgage | real estate | Mortgage Bankers Association |
Israel/Palestine: Developments we need to see more of
No Sweat Apparel is a company I have plugged before and which I purchase clothes from. I have shoes, flip flops, shirts and pants from them. Their products are all fair trade and/or union made. Most of their stuff is good quality (though occasionally shoes wear out fast) and their flip flops are really cool, designed by Indonesian children with some of the proceeds going to fund the education of that child. All in all, a good company with cool products that are fair to workers.
They are starting a new project that ideally will help peace between Palestine and Israel. This appeals to me because during my one trip to Israel I had the chance to talk to many people and it made me realize that one major key to peace is economic prosperity. While my wife and I were there (between the assassination of Rabin but before violence broke out...and on the same trip we got engaged on Santorini in Greece and where we almost got caught in the big Turkish earthquake...) everyone, Arab and Israeli, was tensely optimistic. Everyone we talked to WANTED peace. Why? "Because it's good for business." This is the key. If people feel they have stake in peace, they will work for peace. I have written about this before and discussed companies and organizations that work to further economic cooperation and prosperity in Israel/Palestine. I also have written about another important facet of peace in the Middle East: environmental projects that can help the prosperity of all concerned.
Economics | fair trade | Peace | union | union made | Israel | No Sweat | Palestine
VIDEO : $720 Million a day
Depending on who you ask, the Iraq war costs anything from a low $200 million, to a moderate $411 million to a whopping $720 million a day.
The American Friends Service Committee calls for the immediate withdrawal of U.S. troops from Iraq and they have put together this video describing in numbers the financial toll the war is having on the country's ability to deal with its domestic issues. When you spend $720 million in a failed war, you can't spend it in health care, schools, jobs or the current housing crisis.
Economics | Money | Statistics | Iraq | Iraq War Budget
How do you go from $130/share last year to a "fire sale" to JPMorganChase at $2/share?
Well, here's a quick run down on the timeline of events that led to this disaster.
I am running out to pick up the kids, but will be back with more. I just twitted that I feel the stock market is like a really bad telenovela. So now I feel compelled to blog why. Gotta go pick up the kids first.
Banking | Economics | Finance | Hedge Fund | Markets | Stock Market | Bear Stearns (BSC) | JPMorganChase (JPM)
Cost of War: How would you spend it?
Healthcare is failing in America. Farmers are hurting. The poor are getting poorer. We can't fix our roads, levees and bridges. The deficit spirals out of control. We are told we can't afford to secure out ports against terrorism. And education is underfunded.
And the Iraq war is costing us $720 million per day. Wouldn't that money be spent on improving life here in America?
From the American Friends Service committee:
Bush is hurting America with this failed war based on lies and with no exit strategy. McCain has vowed to continue Bush's failed war. It is time to stop the stupidity and neglect of America by the Republican Party.
deficit | Economics | Education | Iraq quagmire | Republican failure

























