You are here

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

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.

(VIEW COMPLETE ARTICLE)

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

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

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

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

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

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. 

(VIEW COMPLETE ARTICLE)

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

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.

(VIEW COMPLETE ARTICLE)

General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Climate Change Will Wipe $2.5tn Off Global Financial Assets: Study

           

The economic impact of climate change could play havoc with the world economy, according to an LSE study. Photograph: Carlo Allegri/Reuters

CLICK HERE - STUDY - ‘Climate value at risk’ of global financial assets

Losses could soar to $24tn and wreck the global economy in worst case scenario, first economic modelling estimate suggests

theguardian.com - by Damian Carrington - April 4, 2016

Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling.

In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy.

The research also showed the financial sense in taking action to keep climate change under the 2C danger limit agreed by the world’s nations. In this scenario, the value of financial assets would fall by $315bn less, even when the costs of cutting emissions are included.

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

New United Nations study finds digital payments to Ebola response workers saved lives

 

E money Transaction

By using digital payments to pay Ebola response workers, Sierra Leone massively cut payment times, avoiding large-scale strikes and ensuring a stable workforce to defeat Ebola. Sierra Leone’s experience shows the critical importance of preparing early for digital payments before crises hit.

 

 

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

World Bank Launches $500 Million Insurance Fund to Fight Pandemics

           

World Bank President Jim Yong Kim speaks during a panel discussion at the Anti-Corruption Summit in London, Thursday, May 12, 2016.  REUTERS/FRANK AUGSTEIN/POOL

reuters.com - by David Lawder - May 20, 2016

The World Bank on Saturday said it was launching a $500 million, fast-disbursing insurance fund to combat deadly pandemics in poor countries, creating the world's first insurance market for pandemic risk. . . . 

. . . In the event of a pandemic outbreak, the facility will release funds quickly to affected poor countries and qualified international first-responder agencies. . . . 

. . . The so-called Pandemic Emergency Financing Facility will initially provide up to $500 million that can be disbursed quickly to fight a pandemic, with funds released once parametric triggers are met, based on the size, severity and spread of an outbreak.

(READ COMPLETE ARTICLE)

 

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

Report Calls for Sustained Funding for Global Health Emergencies

           

FILE - Laboratory technicians develop a technology to mass produce Ebola vaccine, Aug. 14, 2014.

voanews.com - by William Eagle - May 7, 2016

The United States remains by far the most important source of funds for medical research and development for scores of diseases well-known to the developing world.

According to the latest available data from the independent research group Policy Cures, global donors contributed over $2 billion in public funding for research into what the medical community calls neglected diseases. The U.S. government accounted for over 70 percent of the amount.

But a new report from the Global Health Technologies Coalition, a group of nonprofits that promotes creation of vaccines and other tools to improve global health, says that over the past five years, funding has largely been flat. This is in contrast to the first decade of the 21st century, which saw a doubling of financial support. . . .

. . . The GHTC report asks the U.S. government to encourage private sector involvement in R&D with prizes, small-business innovation awards, tax credits and other incentives. It also recommends improved cooperation among the seven U.S. agencies involved in global health.

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

What everyone needs to know about China’s debt load

It needs a bit of work. (Reuters/Chance Chan)

Image: It needs a bit of work. (Reuters/Chance Chan)

qz.com - May 4th 2016 - Matt Phillips

Few have watched the development of the Chinese economy as closely as Arthur Kroeber.

His new book, published last month, is a wide-ranging and authoritative primer on the history and development of China’s unique blend of decentralized economic authoritarianism.

It’s an idiosyncratic system, developed in defiance of the advice of western-trained economists in the wake of the collapse of the Soviet Union.

(VIEW COMPLETE ARTICLE)

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

Pages

howdy folks