RECENT NEWS

Local Ownership Of Solar Creates Jobs, Builds Community Wealth

Local Ownership Of Solar Creates Jobs, Builds Community Wealth
Above: Workers with San Francisco-based Everybody Solar install a photovoltaic system. Photo by Everybody Solar / Flickr. Locally owned renewable energy projects create more economic benefits than absentee-owned projects, and they are less likely to encounter community opposition. By enacting policies to support local renewables, Farrell argues, states and counties stand to gain thousands of jobs and millions of dollars. Farrell’s report ... Read more

Economics As If Future Generations Mattered

Economics As If Future Generations Mattered
Above: By Lieven Soete under a CC license Growing numbers of people are waking up to the reemerging Commons ethic, which holds that human systems must be aligned to match ecological ones. People believe that future generations have the inalienable right to a healthy planet, and many are now seeking ways to withdraw their consent to the politics and policies that lead to a toxic future. A rights-based approach to human systems like the ... Read more

EU Agrees To Cut Greenhouse Gas Emissions

EU Agrees To Cut Greenhouse Gas Emissions
EU leaders called the 40-percent target an ambitious signal to the likes of the United States and China to follow suit at a U.N. climate summit France is hosting in December next year. “Europe is setting an example,” French President Francois Hollande said, acknowledging that it had been a hard-won compromise but calling the final deal “very ambitious.” “Ultimately, this is about survival,” said summit ... Read more

Urban Farms Build Resilience Within Singapore’s Fragile Food System

Urban Farms Build Resilience Within Singapore’s Fragile Food System
Above: A crew of volunteer “aunties” weed and harvest basil at the ComCrop rooftop farm, set high above Singapore’s Orchard Road.Maureen Pao/NPR Once lined with plantations, Singapore’s Orchard Road is now a sort of Asian Rodeo Drive. But overlooking the commercial mecca is a different kind of oasis: 6,000 square feet of vegetable and fish gardens. The aquaponic garden features mint, basil and leafy greens growing in ... Read more

Economists Say We Should Tax The Rich At 90 Percent

Economists Say We Should Tax The Rich At 90 Percent
Above: Members and supporters of Welfare Rights Committee stand in front of banner after April 15 “tax the rich” protest. (Fight Back! News/Kim DeFranco) Kindermann and Krueger say that a top marginal tax rate in the range of 90 percent would decrease both income and wealth inequality, bring in more money for the government and increase everyone’s well-being — even those subject to the new, much higher income tax rate. ... Read more

The Bottom 90 Percent: Poorer Today Than They Were In 1987

The Bottom 90 Percent: Poorer Today Than They Were In 1987
The Federal Reserve has already told us that the median households is worth less now than it was in 1989 – that’s the household right in the middle — it turns out that everybody but the richest 10 percent of Americans are worst off. That includes the poor, the entire middle class, and even what we would consider much of the upper class. You can see this troubling finding in the chart above, based on data from Emmanuel Saez ... Read more

Why Austerity Is Generating Another Slowdown

Why Austerity Is Generating Another Slowdown
Austerity is undermining the world economy. The broader reasons for the commodity slowdown and deflation concerns involve a generally sick economy around the world. China has a growing debt bubble to manage. Japan’s experiment with economic revival has run aground amid a large increase in the consumption tax. And Europe stands on the brink of a triple-dip recession. America, with our sluggish growth, represents the positive outlier in this ... Read more

Housing The Homeless In Baltimore’s Vacants

Housing The Homeless In Baltimore’s Vacants
Housing the homeless of Baltimore in the city’s vacant rowhouses is being floated again by local affordable housing activists whose idea forms the core of an article in the current Atlantic. By Fern Shen, www.baltimorebrew.com Above photo: (Sleeping in a doorway a block from City Hall last winter. Photo by: Fern Shen) Their idea is “to create a community land trust – a non-profit that will hold the title to the land in order to make it ... Read more

Sustainable Communities: Creating A Durable Economy

Sustainable Communities: Creating A Durable Economy
In the Federal Reserve Bank of Boston’s Communities & Banking Journal, localist Bruce Seifer presents an excerpt from his new book that describes the shift in Burlington, Vermont’s economic development strategy from one that seeks corporate subsidies to one based on building local entrepreneurship. Seifer gives an overview of the city’s long-term economic vision and describes the city’s efforts to convert business into employee-owned ... Read more

World’s richest man tries to defend wealth inequality

World’s richest man tries to defend wealth inequality
Gates gives us a textbook example of the problems. While he is undoubtedly smart and hardworking, the key to his incredible wealth was the decision by the Justice Department largely to ignore antitrust law. Gates used classic anti-competitive practices to gain and protect a near monopoly in the market for personal computer operating systems. When the Justice Department finally brought suit in 1998, Bill Gates and the Microsoft team were so ... Read more