To keep 2 C within range, coal has to be gone in OECD countries before 2030. For 1.5 C, it’s ASAP

RMI 2018  |  By Annie Benn et al. ReportL Managing the Coal Capital Transition DOWNLOAD DIRECTLY Coal was the preeminent fuel for grid-based electricity generation around the world for the better part of a century, but its time is coming to an end. With this transition, however, workers and communities are experiencing layoffs and the owners of coal-fired power plants are bracing themselves …

Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent

Excerpt from The Recovery Threw the Middle-Class Dream Under a Benz,  By Nelson D. Schwartz, Sept. 12, 2018, NYTimes.com Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent. It’s an extraordinary shift, driven largely by the investment profits of the …

Hedge Fund Math: Heads We Win, Tails You Lose B

By James B. Stewart, www.nytimes.com View Original December 22nd, 2016 Thanks to William A. Ackman’s early successes, his longtime investors have fared much better than the more recent ones.Photo by: Drew Angerer for The New York Times When do 1.5 and 16 add up to 72? That’s the riddle confronting investors in Pershing Square Holdings Ltd., the closed-end fund run by the prominent activist …

The Carbon-Free Regions Handbook: Finance

The Carbon-Free Regions Handbook helps state, provincial, and regional governments implement policies and actions that place their communities on an aggressive path toward sustainable, low-carbon economies. It is a companion to The Carbon-Free City Handbook, which Rocky Mountain Institute launched in November 2017 at COP23 in Bonn, Germany.  2018  |  By Jacob Corvidae et al.  DOWNLOAD Developed in partnership with the Under2 Coalition   Regional governments operate at a scale …

Public banking must build and take power from finance

By Matt STANNARD on Occupy.com TUE, 7/17/2018 This is Part 10 in a 10-part series on public banking and economic justice. Read parts 1, 2, 3, 4, 5, 6, 7, 8 and 9 If Los Angeles voters choose to lift the city’s ban on government-run banking services this November, the battle for a public bank in that city won’t be over. It will just be getting started, and the barriers will be enormous. Los Angeles …

End Stock Buybacks, Save the Economy

By William Lazonick and Ken Jacobson, Aug. 23, 2018, nytimes.com Since the 1980s, corporate boards in the United States have embraced as dogma the position that companies should be run primarily for the benefit of their shareholders. The stranglehold of this doctrine of “shareholder-value maximization” over corporate decision making has been a leading cause of inequitable incomes, unstable employment, and sagging productivity. The principal …

The Big, Dangerous Bubble in Corporate Debt

By William D. Cohan, a former investment banker and the author of four books about Wall Street.  Aug. 9, 2018 NYTimes.com Illustration by Mike McQuade; Photographs by Carol M. Highsmith and Alfred Harrell, via Library of Congress The $30 trillion domestic stock market seems to get all the attention. When the stock market sets new highs, we instinctively feel things are good …

After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory Firm That Exploits the Poor for Profit: “Your economy, rigged to redistribute wealth to the top.”

Monday, July 02, 2018 by Common Dreams by Jake Johnson, staff writer Former U.S. Treasury Secretary Timothy Geithner discusses his book Stress Test: Reflections on Financial Crises during the Politico Playbook Lunch at The Hamilton May 19, 2014 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images) After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama’s Treasury …

What’s a public bank? States or municipalities use reserves for a public mission and the needs of the public it represents, such as local investments and local businesses

https://youtu.be/xiYaEIwbwbg VIDEO: An Introduction to Public Banking, by In Context Report (7:23) A Public Bank is a chartered depository bank in which public funds are deposited. It is owned by a government unit — a state, county, city, or tribe — and mandated to serve a public mission that reflects the values and needs of the public that it represents. In existing and proposed US …

Seattle wins $275 per person tax on companies making over $200 million, to address homelessness

Friday, May 25, 2018, by Sonali Kolhatkar on Truthdig, Amazon Battles Seattle—and Loses: In the game of chicken between democracy and corporatism, Seattle demonstrated that people power can prevail . A “Pay Your Fair Share” projection created by the Neighborhood Action Coalition & Transit Riders Union to support the Seattle head tax appears in this May 10 photo. (Photo: Flickr / Jennifer Durham, Backbone Campaign, CC …