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Economics

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame Gina Angiola Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

The Murky Future of Nuclear Power in the United States

A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

Image: A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

nytimes.com - February 18th 2017 - Diane Cardwell

This was supposed to be America’s nuclear century.

The Three Mile Island meltdown was two generations ago. Since then, engineers had developed innovative designs to avoid the kinds of failures that devastated Fukushima in Japan. 

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‘A Conservative Climate Solution’: Republican Group Calls for Carbon Tax

James A. Baker, seen here at former first lady Nancy Reagan’s funeral in March 2016, is a member of the Climate Leadership Council. Despite its impeccable Republican credentials, the group faces long odds with its carbon-tax idea. (Jae C. Hong/Associated Press)

nytimes.com by John Schwartz - February 7, 2017

A group of Republican elder statesmen is calling for a tax on carbon emissions to fight climate change.

The group, led by former Secretary of State James A. Baker III, with former Secretary of State George P. Shultz and Henry M. Paulson Jr., a former secretary of the Treasury, says that taxing carbon pollution produced by burning fossil fuels is “a conservative climate solution” based on free-market principles.

Mr. Baker is scheduled to meet on Wednesday with White House officials, including Vice President Mike Pence, Jared Kushner, the senior adviser to the president, and Gary D. Cohn, director of the National Economic Council, as well as Ivanka Trump.

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Why Venezuela's Currency Crisis Is A Case Study For Bitcoin

           

People stand in line to withdraw cash from an automated teller machine (ATM) outside a bank in Caracas, Venezuela, on Wednesday, Nov. 30, 2016. (Wil Riera/Bloomberg)

forbes.com - by Kevin Rands - February 3, 2017

As the value of hard currency changes drastically—and often—developing or recession-hit countries are finding Bitcoin as an innovative solution.

Just look at Venezuela, the country with the highest inflation rate in the world. The socialist nation has experienced a swift fall in oil prices, throwing the entire economy into turmoil. Experts say that Venezuelan inflation could go as high as 1,600%, leaving many people without basic necessities. . . .

. . . With the Venezuelan bolivar essentially worthless and supplies rapidly running out, Bitcoin is rising as an answer.

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UN Humanitarian Wing OCHA Lays Off 170, Starts Overhaul

           

Stephen O'Brien visits a camp in Saint Saveur, Central African Republic. Nektarios Markogiannis/MINUSCA

CLICK HERE - OCHA Functional Review - Final Report - 29 July 2016 (155 page .PDF report)

irinnews.org - by Samuel Oakford - 16 January 2017

The UN’s Office for the Coordination of Humanitarian Affairs will reduce spending by at least $20 million in 2017. The 10-percent cuts, including at least 173 staff layoffs, come along with an internal reform process sparked by a damning independent review.

In notes dated November addressed to OCHA staff and exclusively reported by IRIN, its head – UN humanitarian chief Stephen O’Brien – said donors hadn’t met growing demands.

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UN - Office of Internal Oversight Services - Internal Audit Reports
(click on the link below, and scroll to the bottom . . . click on page 2 for the most recently published .PDFs)
https://oios.un.org/page?slug=report

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The world today looks ominously like it did before World War I

Industrial Age factory and railway engraving. (Washington Post illustration; iStock)

Image: Industrial Age factory and railway engraving. (Washington Post illustration; iStock)

washingtonpost.com - December 29th 2016 - Ana Swanson

A backlash to globalization appears to be gaining strength around the world. U.S. politicians on both the right and left have called for curbing free trade deals they say benefit foreigners or the global elite. President-elect Donald Trump has championed tariffs on imports and limits on immigration, and suggested withdrawing from international alliances and trade agreements. 

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Economic woes create anti-establishment movements around the world

A protest march against the right-wing populist party Alternative for Germany (AfD) party in Stuttgart, southern Germany this year. Photograph: Felix Kastle/AFP/Getty Images

Image:  A protest march against the right-wing populist party Alternative for Germany (AfD) party
in Stuttgart, southern Germany this year. Photograph: Felix Kastle/AFP/Getty Images

guardian.com - November 5th 2016 - Katie Allen

The US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, there’s a growing sense in developed economies that workers have yet to benefit from the recovery or rising globalisation.

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Congress Approves $1.1 Billion To Fight Zika

After nearly seven months of bickering and finger-pointing, Congress on Wednesday agreed to allocate $1.1 billion to help fight the spread and effects of the Zika virus.

The deal is part of a broader agreement to continue to fund the government after the fiscal year ends on Friday and the current budget expires.

It brings to an end a partisan fight that has had the unusual effect of delaying funding to deal with what all sides agree is a public health emergency.

Congress Stops Bickering And Approves $1.1 Billion To Fight Zika
http://www.npr.org/sections/health-shots/2016/09/28/495806979/congress-ends-spat-over-zika-funding-approves-1-1-billion?utm_term=nprnews

Congress passes funding bill averting government shutdown
http://www.reuters.com/article/us-usa-congress-idUSKCN11Y1MJ

Congress clears stopgap spending bill, $1.1B to fight Zika
http://unb.com.bd/article/congress-clears-stopgap-spending-bill-dollar11b-to-fight-zika

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United Kingdom Votes to Leave EU in Historic Referendum

           

Philippe Wojazer/Reuters

Britain has voted to exit the European Union. It is a historic decision sure to reshape the nation’s place in the world.

Britain held a referendum on Thursday on whether to leave the European Union, a process often referred to as “Brexit.”

CLICK HERE - CNN - Brexit News Coverage

CLICK HERE - BBC - Business Live: Markets in turmoil

CLICK HERE - The Guardian - LIVE - EU Referendum

CLICK HERE - Reuters - LIVE - EU Referendum

CLICK HERE - The Telegraph - EU Referendum

CLICK HERE - The UK's EU referendum: All you need to know

CLICK HERE - EU referendum petition signed by more than 2.5m

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Top Brexit campaigner mocks 'apocalypse' fears but MP suggests Parliament could DEFY vote

Ukip's Suzanne Evans eased 'apocalypse' fears over Brexit as France told UK to hurry up and leave.

Image: Ukip's Suzanne Evans eased 'apocalypse' fears over Brexit as France told UK to hurry up and leave.

express.co.uk - June 26th 2016 - Rob Virtue and Greg Heffer

Ukip's parliamentary spokesperson Suzanne Evans has listed an abundance of reasons why Britain’s post-Brexit future is looking bright after a predicted uncertain first day of independence.

In a Facebook post lauded by Leave voters, Ms Evans noted how both the pound and FTSE 100 both recovered from Friday's early falls, while pro-EU campaigners had now backtracked on pre-referendum 'Project Fear' scare stories. 

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Worst day in 10 months as Wall Street reacts to 'Brexit'

reuters.com - June 24th 2016 - Rodrigo Campos

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed.

In the busiest trading volume for a single session in nearly five years, financial stocks .SPSY led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011.

The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.

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