Reuters - trust.org - May 6, 2013
LONDON, May 6 (Reuters Point Carbon) – The world’s nations must scrap fossil fuel subsidies and put a price on emitting carbon dioxide if the planet is to avoid dangerous climate change, according to the president of the World Bank. The two measures are part of a five-point plan that the bank urged the world’s environment ministers to take, including building low carbon cities, improving agricultural practices and sharing new technology that will save energy.
“We need a global response equal to the scale of the climate problem.
Petersberg Climate Dialogue IV
Image: A Greek unemployment center.
reuters.com - May 9th 2013 - George Georgiopoulos
Greek youth unemployment shot to a record 64 percent in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment.
Repeated doses of austerity under international bailouts have almost tripled Greece's jobless rate since its debt crisis began in 2009, weighing on an economy in its sixth year of recession.
Overall unemployment has risen to an all-time high of 27 percent, data showed on Thursday, while joblessness in the 15-to-24 age group jumped to 64.2 percent in February from 59.3 percent in January.
Image: Article illustration by Brett Ryder
economist.com - July 16th 2009
Robert Lucas, one of the greatest macroeconomists of his generation, and his followers are “making ancient and basic analytical errors all over the place”. Harvard's Robert Barro, another towering figure in the discipline, is “making truly boneheaded arguments”. The past 30 years of macroeconomics training at American and British universities were a “costly waste of time”.
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Truthout.org -- by Ellen Brown -- March 29,2013
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.
Image: The poll found a vertiginous decline in trust in the EU in countries that were traditionally pro-European. Photograph: Ian Waldie/Getty Images
guardian.co.uk - April 24th, 2013 - Ian Traynor
Public confidence in the European Union has fallen to historically low levels in the six biggest EU countries, raising fundamental questions about its democratic legitimacy more than three years into the union's worst ever crisis, new data shows.
After financial, currency and debt crises, wrenching budget and spending cuts, rich nations' bailouts of the poor, and surrenders of sovereign powers over policymaking to international technocrats, Euroscepticism is soaring to a degree that is likely to feed populist anti-EU politics and frustrate European leaders' efforts to arrest the collapse in support for their project.
Image: Limits of Earth logo.
blogs.scientificamerican.com - April 18th, 2013 - Ramez Naam
As part one of this series showed, we are up against incredible challenges: feeding a world with a rapidly growing appetite, the continuing loss of the world’s precious forests, the ongoing collapse of fish species in the oceans, the rapid depletion of our fresh water resources, and the over-arching threat of climate change, which makes all others far worse.
Ending growth isn’t a realistic option. Billions of people in the developing world want access to more resources, deserve those resources as much as those of us in the rich world do, and need them in order to rise out of poverty.
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By Flavia Krause-Jackson - Feb 14, 2013 8:30 PM MT - Bloomberg News
Members of the United Nations Security Council in New York met with Joachim Schellnhuber, director of the Potsdam Institute for Climate Impact Research, who presented a number of scenarios to show the connection between climate change and global security challenges.
Climate change is a “reality that cannot be washed away,” according to notes prepared for diplomats at today’s session. “There is growing concern that with faster than anticipated acceleration, climate change may spawn consequences which are harsher than expected.”
Topics ranged from Hurricane Sandy, to fossil-fuel deposits, to glacial melting and how the seeds of conflict, unrest, and revolution are being sewn.
Global Risk Management Conference
Navigating Risk in the Global Economy
09 - 10 May, 2013
New York Marriott Downtown
New York, NY
About the Program
Are you equipped to navigate risk in a world of uncertain economic, political and ongoing technological change? Is your organization able to anticipate, be alert and adapt to unexpected events in today's interconnected and fast-moving markets? Managing emerging risks is key to building financial resilience and operational security.
Join an interdisciplinary discussion with international experts and practitioners on the latest thinking and best practices on:
MACRO RISKS: Which risks are critical to address in the months ahead? The debate includes geopolitical, economic, environmental, regulatory, legislative, IT/cyber security and social media issues.
csi.gsb.stanford.edu - Kriss - February 4, 2013
Where do the products we buy come from and how do we know that their production doesn’t leave a wake of environmental damage or exploited workers? Even brands we think we trust are often linked to suppliers with questionable or downright abusive practices, as exemplified in the November factory fire in Bangladesh, where 112 workers were killed at a factory that supplied Walmart, Sears and even the U.S. Marine Corps, though all claim they had no idea that apparel produced there was destined for their stores.
Global supply chains are complex and opaque, with many layers of suppliers, distant and inconsistent regulatory environments, and intermittent and sometimes unreliable audits and reporting.
Image: Jean-Claude Juncker said, “the euro foreign-exchange rate is dangerously high.” (Jock Fistick/Bloomberg)
bloomberg.com - January 16th, 2013 - Stephanie Bodoni
The euro’s 8 percent gain against the U.S. dollar in the past six months is posing a fresh threat to the European economy just as it shows signs of escaping the debt crisis, said Jean-Claude Juncker, who leads the group of euro-area finance ministers.
Echoing policy makers from Switzerland to Japan in bemoaning strong exchange rates, Juncker late yesterday called the euro’s value “dangerously high” after the 17-nation currency this week traded above $1.34 against the dollar for the first time since February last year.
The euro has rallied amid growing signs in financial markets that the three-year debt turmoil is fading and after European Central Bank President Mario Draghi last week signaled no immediate plan to ease monetary policy further.
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