Seattle moves to new transportation level of service guidelines and responsibilities for developers

By Robbie Webber, Seattle moves to new transportation level of service guidelines, January 14th, 2019 at SSTI, in land use, mitigation policy, Seattle, TDM On January 14, the Seattle Council is set to vote on new regulations for developments to support changes in adopted transportation level of service. As part of the 2016 Comprehensive Plan, LOS was redefined to reflect specific target rates for different modes in eight …

“Securitization” or Ratepayer Obligation Charge (“ROC”)Bonds for Stranded Coal and Other Fossil Fuel Plants

Opposition to CO HB19-1037—“Securitization” or Ratepayer Obligation Charge (“ROC”)Bonds for Stranded Assets These talking points will be revised as more information about the bill becomes available. Representative Chris Hansen introduced his “securitization” bill (HB19-1037) on Friday January 4, 2019.  It’s important to think very carefully before signing on to this bill with some of the reasons to oppose the bill …

The Next Financial Crisis Lurks Underground: Fueled by debt and years of easy credit, America’s energy boom is on shaky footing

By Bethany McLean, NYTimes.com  Ms. McLean, whose book about Enron was turned into an Oscar-nominated documentary, is the author of a new book about the fracking industry.  Sept. 1, 2018 About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to be sucked dry, …

Paying for a great transit system

Excerpt from City Lab, Jan 2019 NYC MTA’s capital costs are pegged at $60 billion to cover a maintenance backlog. That sounds like a lot, and it is. But this city had a gross metropolitan product of roughly $1.7 trillion dollars last year. Surely the most robust urban economy in the world could scrounge up the cash to fix the engine of that economy—its transit network—if …

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 …