You are here

Economics

Nepal Hasn't Spent Any Of The $4 Billion In Donations Since Earthquake

             

KATHMANDU, NEPAL - AUGUST 13: A young boy plays in the mud in a flooded lane inside the Chuchepati displacement camp on August 13, 2015 in Kathmandu, Nepal. About 7,144 people, hailing from different affected districts by the earthquake that hit Nepal, currently live in Chuchepati camp, with access to only 35 toilets and the help of only a few NGOs. Approximately 60,000 people are still living in over 100 official displacement camps throughout the affected districts.  OMAR HAVANA VIA GETTY IMAGES

huffingtonpost.com - by Eleanor Goldberg - September 3, 2015

It’s been four months since Nepal’s deadliest earthquake hit. Yet, the country still has yet to dole out a cent of the $4.1 billion in donations it received, Reuters reported. . . .

. . . According to the news outlet, the government won’t start spending the relief funds until October. The delay is due to reluctance to start building work during monsoon season and the fact that plans still require approval.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

USAID Pumps US$290K in Recovery Plan for Ebola Survivors

submitted by Gavin Macgregor-Skinner

           

SFCG’s Director Bloh (L) and participants of the workshop (R)

liberianobserver.com - by Joaquin Sendolo - August 31, 2015

The United States Agency for International Development (USAID) has provided US$290,000 through IREX to Search for Common Ground (SFCG) to sensitize communities on the negative impacts stigma makes on Ebola survivors.

Since the outbreak of the Ebola virus disease (EVD) in Liberia, those who survived the disease have reportedly suffered stigma in various communities, thus causing them to feel discriminated against.

The stigma comes about because of fear that survivors could still be transmit[ting] the virus when they are touched since it is one way of contracting EVD.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

China's Market Convulsions Threaten Petrostates from Russia to Venezuela

             

latinamericanpost.com - by Keith Johnson - August 29, 2015

The Chinese contagion that sparked “Black Monday” is especially worrisome for crude oil prices, which this summer were thought to have finally found a floor after a year of steady price declines. But that floor suddenly looks rotten: U.S. benchmark crude prices fell well below $40 a barrel on Monday, their lowest levels since the depths of the global financial crisis.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

This Graphic Explains Monday’s Stock Market Crash

         

How a slowdown in China can take money out of your pocket

time.com - by Alex Fitzpatrick and Heather Jones - August 24, 2015

The Dow Jones Industrial Average plummeted more than 1,000 points Monday morning, taking millions of Americans’ 401(k) plans down with it. While stocks regained some of their lost ground by Monday afternoon, continued uncertainty over factors as far-ranging as China’s economy to global commodity prices could continue to wreak havoc on the markets for the rest of the week and beyond.

How can an economic slowdown in China take money out of your pocket? Check out the TIME infographic (in the link) below to learn more:

(CLICK HERE - TIME infographic)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Stock Market Plunge Wipes Out This Year’s Gains

            

washingtonpost.com - by Thad Moore and Drew Harwell - August 21, 2015

A worldwide sell-off pushed U.S. stocks to their worst week since 2011 as spooked investors scattered amid worries of an economic slowdown in China and the potential for higher interest rates at home.

The Dow Jones industrial average capped a four-day losing streak by dropping more than 500 points to close at 16,459.75, sinking 10 percent from its May peak and following even steeper market declines in Asia and Europe.

The rout will further rattle workers whose 401(k) retirement accounts have taken a troubling hit. Investors have lost billions in recent weeks and are flocking to safety-net Treasury bonds as they wait for the bleeding to stop.

(READ COMPLETE ARTICLE)

(ALSO SEE RELATED ARTICLE HERE)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

South Sudan: More Will Die from Cholera Unless We Secure Clean Water

           

South Sudanese patients wait for medical treatment in the outpatient department of a medical camp.
Photograph: AFP/Getty Images

Oxfam’s water and sanitation coordinator writes about the challenges of bringing South Sudan’s cholera outbreak under control

theguardian.com - by Katrice King - August 6, 2015

“I have no money to continue buying water. I will have to beg from those at the borehole or from the water trucks. Or else, I go back to the village,” a mother of five told me recently. . . .

. . . This is the agonising reality of families I have met in parts of Juba; they are struggling to cope with a worsening water crisis fuelled by the deteriorating economic situation in South Sudan. As a result, the city is now left exposed to the spread of deadly diseases.

Cholera has already claimed 42 lives since May – including seven children – and has infected more than 1,400 people. . . .

. . . If the water shortages continue, hygiene conditions in the most affected areas will worsen and people will have no alternative but to use unprotected sources such as rivers and open wells, exposing more people to cholera.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

WHITE HOUSE FACT SHEET: The Global Health Security Agenda

The U.S. Government announces it intends to invest more than $1 billion in resources to expand the Global Health Security Agenda to prevent, detect, and respond to future infectious disease outbreaks overseas.

THE WHITE HOUSE PRESS OFFICE                       July 28, 2015

The Ebola epidemic in West Africa continues to galvanize global attention and resources as the international community strives to eliminate active cases and help the affected countries recover.  African leaders and African Union officials have shown extraordinary leadership in addressing the outbreak. The epidemic highlighted the urgent need to establish global capacity to prevent, detect, and respond to biological threats – to prevent future outbreaks from becoming epidemics. 

Beginning with the release of the National Strategy for Countering Biological Threats in 2009, and outlined in his 2011 speech at the United Nations General Assembly, President Obama has called upon all countries to come together to prevent, detect, and respond to infectious disease threats, whether naturally occurring, accidental or deliberately spread.  Today, the President underscored the unwavering U.S. commitment to partnering with Africans, their governments, and all who will join the effort to improve health security across the continent and for all people.

Problem, Solution, SitRep, or ?: 

100% renewables by 2045 is now the law in Hawaii

Link to Article:  http://www.argusmedia.com/News/Article?id=1051970

Hawaii law sets target of 100pc renewables by 2045

 

9 Jun 2015, 2.15 pm GMT

Washington, 9 June (Argus) — Hawaii's governor David Ige (D) signed legislation making the island state the first in the US to set a mandate for all electricity to come from renewable resources.

The governor signed HB 623, which requires electric utilities to supply 100pc of their sales with renewables by 2045. The new renewable portfolio standard includes interim targets of 30pc by 2020, 40pc by 2030 and 70pc by 2040. HB 623 replaces a previous standard that called for 15pc by 2015, 25pc by 2020 and 40pc by 3030. The bill takes effect on 1 July.

Ige said the move to local sources of energy will help the state's economy, which relies on about $5bn/yr in oil imports. Fuel oil provides about 70pc of the state's electricity, according to the Energy Information Administration (EIA).

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Petrochemical Industry Announcements

USRS

4

Petrochemical political economy. Employment

TXRS

4 cover

Petrochemical political economy
Employment

Dr. Michael D. McDonald

Coordinator
Global Health Response and Resilience Alliance

Chairman
Global Resilience Systems, Inc.

President
Health Initiatives Foundation, Inc.

***@***.***
202-468-7899

Begin forwarded message:

> From: Kathy Gilbeaux <***@***.***>
> Date: July 28, 2015 at 11:54:34 PM EDT
> To: ***@***.***
>
>
> Chevron to cut 950 jobs in Houston
> http://www.12newsnow.com/story/29654834/chevron-to-cut-950-jobs-in-houston
>
> Total seeks buyer for half of Texas refinery
> http://www.reuters.com/article/2015/07/24/us-refinery-sale-total-idUSKCN0PY22T20150724
>
> Kathy

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Pages

Subscribe to Economics
howdy folks