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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

Street Protests Loom as Shortages, Inflation and Oil Slump Hit Venezuela

       

Students block a street as they clash with national guards during a protest against the government in San Cristóbal on Wednesday. Photograph: Reuters

As President Nicolás Maduro tours the world in search of financing, the most conciliatory opposition leader says the time has come to mobilise on the streets

theguardian.com - by Sibylla Brodzinski - January 16, 2015

Even Venezuela’s most conciliatory opposition leader has had enough.

Amid sky-high inflation, an absent president, snaking queues outside supermarkets, and plummeting oil prices, Henrique Capriles said this week that the time was ripe to try to force a change.

“We are in a state of emergency,” he said on Monday. “This is the time to mobilise in the streets.”

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International Experts, Led By UN, Kick Off Ebola Recovery Assessment in Sierra Leone

          

Daily life in Freetown, Sierra Leone, one of three West African countries most affected by the outbreak of the Ebola virus.
Photo: World Bank/Dominic Chavez

un.org

15 January 2015 – Spearheaded by the United Nations, a team of international experts has begun an Ebola Recovery Assessment (ERA) mission in Sierra Leone as part of an effort to partner with Governments to address the impact of the virus on affected countries. 

The ERA mission is made up of experts from the European Union, World Bank and the African Development Bank. They are expected to finish their work this weekend in Accra, Ghana after a one-day stop in Guinea tomorrow. 

The mission’s aim is to work with the Governments of the countries hardest hit by the virus –Sierra Leone, Liberia and Guinea – to assess critical areas that will spearhead economic and social recovery in the post-Ebola era.

According to a statement released by the Office of the UN Resident Coordinator in Sierra Leone, David McLachlan-Karr, the ERA is anchored in national ownership.

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The Socio-Economic Impacts of Ebola in Liberia

worldbank.org

Latest Key findings
  • nearly half of those working at the start of the Ebola crisis are no longer working, despite improvements in the health situation
  • Women are particularly vulnerable as the labor market stagnates, with 60 percent of those working at the start of the crisis no longer working
  • Farmers cite difficulty in organizing work teams given Ebola fears, reducing harvests.

Background

In an effort to measure the economic impact of Ebola on Liberian households, the World Bank, with the Liberian Institute of Statistics and Geo-Information Services and the Gallup Organization, has conducted three rounds of mobile-phone surveys, in October, November, and December 2014. 

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Understanding the Oil Price Drop

             

Columbia | SIPA Center on Global Energy Policy

As oil prices continued to fall in December, the Center on Global Energy Policy responded quickly to inform the discussion of how the price drop is impacting consumers, producers and geopolitical relationships through a series of publications, media interviews and a public event.

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Congress releases FY15 Omnibus

COMPILED BY THE GLOBAL RESILIENCE SYSTEM                                                          Dec. 14, 2014

Congressional Actions and The Obama Administration requests for emergency funding for Ebola.

Contained in the Omnibus Appropriations Bill for Fiscal year 2015 passed by the Senate Sunday and earlier by the House.

(Five links, scroll down.)

Tables showing actual approved appropriations, Compiled by Kaiser Foundation
http://kff.org/policy-tracker/congress-releases-fy15-omnibus/

FY15 CROmnibus - PT Entry (12-9-14) Table 2 - 80p

      Note: Congressional ddid not approve the Administration's  requested $1.5 million contigency fund.

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Free Fall in Oil Price Underscores Shift Away From OPEC

A hydraulic fracturing well in Colorado. With the technology, America is expected to surpass Saudi Arabia in oil production. Credit Brennan Linsley/Associated Press

Image:  A hydraulic fracturing well in Colorado. With the technology, America is expected to surpass Saudi Arabia in oil production. Credit Brennan Linsley/Associated Press

nytimes.com - November 28th, 2014 - Clifford Krauss

Since the economically crippling oil embargo of 1973, every American president has pledged to seek and achieve energy independence.

That elusive goal may finally have arrived, at least for the foreseeable future, with the failure of Saudi Arabia and its 11 oil cartel partners in the Organization of the Petroleum Exporting Countries to agree to a production cut that would put a brake on plummeting crude prices.

On Friday, the benchmark American price for crude oil continued the free fall that began on Thursday, closing at $66.15, its lowest price in more than four years.

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Electricity from Renewables Cost Competitive with Coal

energymanagertoday.com - by Linda Hardesty
November 26, 2014

Although a recent story from Spectrum IEEE said Google researchers gave up on a project to produce electricity from renewables more cheaply than electricity from coal, a story in the New York Times says some renewable electricity is already cost competitive with coal.

The story cites a study by the investment banking firm Lazard, which finds the cost of utility-scale solar is as low as 5.6 cents per kWh, and wind is as low as 1.4 cents, while natural gas comes in at 6.1 cents and coal at 6.6 cents.

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CLICK HERE - STUDY - Lazard's Levelized Cost of Energy Analysis - Version 8.0 (20 page .PDF file)

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Global Economy Facing Environment, Sustainability Skills Deficit

environmentalleader.com - October 16th, 2014

By 2020 the world economy could be facing a skills deficit driven by mega-trends such as population growth, increasing demand for natural resources, and soaring costs of energy, coupled with the impacts of climate change and ecosystem degradation, according to a report by the Institute of Environmental Management & Awareness.

Although the transition to a sustainable economy presents significant opportunities for business, according to an IEMA survey of over 900 organizations, only 13 percent of companies are fully confident that they have the skills to successfully compete in the sustainable economy.

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The Fight Against Ebola Is a Fight Against Inequality

Commentary by Jim Young Kim, President of the World Bank Group 
                                                              Oct. 6, 2014

As the spread of the Ebola virus in West Africa shows, the importance of reducing inequality could not be more clear. The battle against the virus is a fight on many fronts -- human lives and health foremost among them.

But the fight against Ebola is also a fight against inequality. The knowledge and infrastructure to treat the sick and contain the virus exists in high- and middle-income counties. However, over many years, we have failed to make these things accessible to low-income people in Guinea, Liberia, and Sierra Leone. So now thousands of people in these countries are dying because, in the lottery of birth, they were born in the wrong place.

See full article

http://www.huffingtonpost.com/jim-yong-kim/the-fight-against-ebola-i_b_5938716.html

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Rockefellers, Heirs to an Oil Fortune, Will Divest Charity of Fossil Fuels

      

Stephen Heintz, left, with Valerie Rockefeller Wayne and Steven Rockefeller on Tuesday.
Credit Hiroko Masuike/The New York Times

nytimes.com - by John Schwartz - September 21, 2014

John D. Rockefeller built a vast fortune on oil. Now his heirs are abandoning fossil fuels.

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