Debts That Cannot Be Paid Will Not Be – Is Capitalism Insolvent?

By T. Sabri Öncü  Prime Economics and The New Weather Institute 20 July 2017 Debts That Cannot Be Paid Will Not Be  International & World, Private Debt Total global debt has increased, growth has been slowing down since the onset of the global financial crisis in 2007 and has been rapidly decelerating after 2012. This may be a sign that the world has arrived at …

Hurricane Damages Will Hit U.S. Taxpayers Hard: Government watchdogs have been warning about the financial risks of climate change, from extreme storms to wildfires, and their impact on the U.S. budget

By Georgina Gustin, Inside Climate News, 11 Sep 2017 First Harvey, then Irma, and the hurricane season isn’t over. This is the year that repeated, dire predictions about the fiscal risks of climate change—its increasingly heavy burden on the federal budget—are coming true. The hurricanes’ successive blows may cost taxpayers more than they spent on relief and recovery in any previous …

Parking ranges from 14-25% of land used in urban areas and parking charges are 1-2% of local revenues. AVs need up to 90% less parking space.

Researchers from the University of Oregon released a study detailing how the rise of autonomous vehicles (AVs) could change how cities operate and how a city’s budget could be impacted by the rising prevalence of AVs. Among those impacts is a loss of parking and other traffic-related revenue. According to the white paper, parking charges, on average, account for between 1% and 2% of …

Beyond denialism: neoliberalism, climate change and the left

By Philip Mirowski, Jeremy Walker and Antoinette Abboud on neoliberalism, climate change and the Left August 2017 We live in a winter of disconnect. As the permafrost melts and global warming accelerates, bringing us to the cusp of catastrophic environmental changes, governments and corporations continue their campaign of denial. Ian Plimer’s latest book, launched by John Howard at the Sydney Mining …

Republicans propose per mile fee for heavy trucks to fund roads

Impacts to and maintenance needs of roads come from weight per axel.  One pass by even a properly-loaded truck equals 9,000 passes by a passenger vehicle. By Abby Ivory-Ganja, 15 June 2017 A Republican proposal would create a per mile fee for heavy trucks in Wisconsin to boost transportation funding. Rep. Amy Loudenbeck, R-Clinton, proposed the idea as an alternative to …

The old are eating the young: Around the world, a generational divide is worsening.

By Satyajit Das, Bloomberg View, 13 June 2017 Pay up.  Photographer: Yui Mok/PA Images Edmund Burke saw society as a partnership between those who are living, those who are dead, and those who are yet to be born. A failure to understand this relationship underlies a disturbing global tendency in recent decades, in which the appropriation of future wealth and …

Top global banks still lend billions to extract fossil fuels

Analysis of world’s lenders reveals many claim green credentials while still financing fuels like tar sands, oil and coal By Fiona Harvey Environment correspondent, The Guardian, 21 June 2017 Some of the world’s top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil …

For investors in shale drilling, the party’s over

By Collin Eaton, Chron.com, 23 June 2017 Photo: Spencer Platt, Staff.  MENTONE, TX – FEBRUARY 05: The shadows of workers with Apache Corp. are viewed at the Patterson 298 natural gas fueled drilling rig on land in the Permian Basin on February 5, 2015 in Mentone, Texas. Wall Street appears to have lost its taste for the resurgent U.S. shale …

Six P’s: Michael Shuman’s pointers to a prosperous, local economy

Sustainability requires that every community meet the needs of all its members (including plants and animals), present and future, without compromising the needs of other communities meeting the needs of their members, present and future. — Michael Shuman Is neighborhood economics at a tipping point? Consciousness certainly seems to be getting there. This is a skeletal summary of some key points, plus a few …

Kate Raworth offers reasoned, illustrated, and documented debunking of the fatally flawed theory behind economic policies that drive financial instability, environmental collapse, poverty, and extreme inequality

David Korten on Kate Raworth, in Yes! Magazine, 3 May 2017.  Kate Raworth will be at the Regenerative Future workshop in Boulder, CO next week. I see a lot of books presuming to explain what’s wrong with the economy and what to do about it. Rarely do I come across one with the consistent new paradigm frame, historical depth, practical …