Category Archives: Finance and the Economy

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Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year

Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year
Above Photo: In this photo taken on November 19, 2015, smoke belches from a coal-fired power station near Datong, in China’s northern Shanxi province. Photograph: Greg Baker/AFP/Getty Images A new study finds 6.5% of global GDP goes to subsidizing dirty fossil fuels Fossil fuels have two major problems that paint a dim picture for their future energy dominance. These problems are inter-related but still should be discussed separately. First, ... Read more

Our Obsolescent Economy

Our Obsolescent Economy
Above Photo: From localfutures.org A friend of mine from India tells a story about driving an old Volkswagen beetle from California to Virginia during his first year in the United States. In a freak ice storm in Texas he skidded off the road, leaving his car with a cracked windshield and badly dented doors and fenders. When he reached Virginia he took the car to a body shop for a repair estimate. The proprietor took one look at it and said, ... Read more

Impact Investing And Employee Ownership

Impact Investing And Employee Ownership
With income inequality in the United States at record high levels, employee ownership is increasingly being lauded as a potential solution to spreading wealth more broadly. Most recently, research from the National Center for Employee Ownership released in May shows that employee owners have a household net worth that is 92 percent higher than non-employee owners. They also make 33 percent higher wages, and are far less likely to be laid ... Read more