Category Archives: New Economy

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Federal Bank Regulator Drops A Bombshell As Corporate Media Snoozes

Federal Bank Regulator Drops A Bombshell As Corporate Media Snoozes
Above Photo: Andrew Harrer/Bloomberg Graphic Provided by Thomas Hoenig, Vice Chair of the FDIC, to the Senate Banking Committee in his Letter of July 31, 2017 Last Monday, Thomas Hoenig, the Vice Chairman of the Federal Deposit Insurance Corporation (FDIC), sent a stunning letter to the Chair and Ranking Member of the U.S. Senate Banking Committee. The letter contained information that should have become front page news at every business ... Read more

Wells Fargo’s Lyin’ Cheatin’ Ways: Banking With A Sociopathic Institution

Wells Fargo’s Lyin’ Cheatin’ Ways: Banking With A Sociopathic Institution
Above Photo: From Occupy.com …And How To Let Go Are you facing serial cheating, abuse, lies, ongoing stress about money, issues of fidelity, questions about your future and are at a loss as to where to turn? Do you often feel angry, taken advantage of, less than, a voiceless victim? Did you put your trust and your nest egg, your faith and your money on someone or something that took you for all you’re worth, jilted your faith in the ... Read more

Britain Spent ‘Twice As Much On Overseas Fossil Fuels As Renewables’

Britain Spent ‘Twice As Much On Overseas Fossil Fuels As Renewables’
Above Photo: A vendor weighs coal for a customer in Lucknow, India. The country has been one of the top five beneficiaries of UK energy support this decade. Photograph: Rajesh Kumar Singh/AP Nearly half of £6.1bn energy spending in developing countries from 2010-14 went on oil, coal and gas-fired schemes, data shows The UK has spent more than twice as much overseas support on fossil fuels projects as on renewable ones so far this decade, ... Read more

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

Five Indigenous Farming Practices Enhancing Food Security

Five Indigenous Farming Practices Enhancing Food Security
Above Photo: From FoodTank.com On the 2017 International Day of the World’s Indigenous Peoples, the United Nations is celebrating the 10th anniversary of the Declaration on the Rights of Indigenous Peoples (UNDRIP). The Declaration, formally adopted in 2007, is an international human rights instrument that sets a standard for the protection of indigenous rights. UNDRIP addresses the most significant issues affecting indigenous peoples ... Read more

Hempcrete Could Change The Way We Build Everything

Hempcrete Could Change The Way We Build Everything
Above Photo: From collective-evolution.com First off, what is Hempcrete? As the name suggests, hempcrete is a building material that incorporates hemp into its mixture. Versatile and hardy, it can be used for wall insulation, flooring, walls, roofing, and more, and is fireproof, waterproof, and rot-proof, provided it’s used aboveground. Derived from the shiv or inside stem of the hemp plant, it’s then mixed with a lime base binder to create ... Read more

In Chicago And Iowa, Contrasting Tales Of Building A Clean Energy Economy

In Chicago And Iowa, Contrasting Tales Of Building A Clean Energy Economy
Above Photo: By Michelle Kanaar As former industrial communities seek to rebuild their economies around clean energy, two cities in the Midwest provide examples with starkly different outcomes. Chicago’s Southeast Side and Newton, Iowa both used to house thriving industries, keeping residents with a solid toe in the middle class through well-paid and steady factory work. In Chicago it was steel, while Newton boomed under the all-encompassing ... Read more

Reversing Inequality: Unleashing Potential Of An Equitable Economy

Reversing Inequality: Unleashing Potential Of An Equitable Economy
Above Photo: From thenextsystem.org Introduction The US economy’s deep systemic inequalities of income, wealth, power, and opportunity are part of global inequality trends, but US-style capitalism and public policy make inequalities more acute. Their observable and felt harm to our civic and economic life is corroborated by research from many disciplines. Yet, by the same token, moving toward a more egalitarian society would realign most ... Read more

Organizers Say Quaint Baltimore Seafood Business Masks Shocking Labor Abuses

Organizers Say Quaint Baltimore Seafood Business Masks Shocking Labor Abuses
Above Photo: Demonstration at the labor department offices in Lampung, Indonesia in 2015. (IUF) Phillips Seafood is a Baltimore-based company that trades on its historic connections to the Chesapeake Bay blue crab fishery. The signature dish at its restaurants is the famed Maryland-style crab cake, and its dining rooms feature models of antique fishing boats and romanticized images of the bay watermen culture that is fading fast. But ... Read more

Finland Tests Guaranteed Basic Income

Finland Tests Guaranteed Basic Income
Above Photo: By Asher Platts Finnish citizens given universal basic income report lower stress levels and greater incentive to work Participants receive €560 (£473) every month for two years and do not have to demonstrate that they are actively seeking work Finland has been giving 2,000 of its citizens an unconditional income for the last five months and some are already seeing the benefits, reporting decreased stress, greater incentives to ... Read more