Wednesday, October 28, 2009
An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility | zero hedge
An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility | zero hedge: "Recently, Zero Hedge presented a snapshot analysis of the various securities that made up the triparty repo agreement involving JPM, Lehman and the Fed. We uncovered numerous bankrupt companies' equities that were being pledged as collateral for what ultimately was taxpayer exposure."
Friday, October 23, 2009
Warning: Oil supplies are running out fast - Science, News - The Independent
Warning: Oil supplies are running out fast -
Science, News - The Independent: "Warning: Oil supplies are running out fast Catastrophic shortfalls threaten economic recovery, says world's top energy economist
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.
Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries"
Science, News - The Independent: "Warning: Oil supplies are running out fast Catastrophic shortfalls threaten economic recovery, says world's top energy economist
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.
Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries"
Open Letter to the Queen | Abundancy Partners
Open Letter to the Queen | Abundancy Partners: "Open Letter to the Queen
14th August 2009
Your Majesty,
We, the undersigned, noted with interest the letter to Your Majesty of 22nd July 2009 from the British Academy in which they respond to your question about how the current economic meltdown was missed. They talked of a 'failure of the collective imagination of many bright people' and a 'psychology of denial'.
The Academy wrote 'It is difficult to recall a greater example of wishful thinking combined with hubris.' You will be aware of HRH The Prince of Wales's speech on 9th July 2009 in which His Royal Highness focused on far more serious examples of wishful thinking and hubris. We are writing to you because we are concerned that the British Academy's letter focuses on one particular aspect of current insecurity, namely financial, failing to address the wider context of more serious macro issues facing mankind. We are also writing to the Academy to invite them to debate these issues with us."
14th August 2009
Your Majesty,
We, the undersigned, noted with interest the letter to Your Majesty of 22nd July 2009 from the British Academy in which they respond to your question about how the current economic meltdown was missed. They talked of a 'failure of the collective imagination of many bright people' and a 'psychology of denial'.
The Academy wrote 'It is difficult to recall a greater example of wishful thinking combined with hubris.' You will be aware of HRH The Prince of Wales's speech on 9th July 2009 in which His Royal Highness focused on far more serious examples of wishful thinking and hubris. We are writing to you because we are concerned that the British Academy's letter focuses on one particular aspect of current insecurity, namely financial, failing to address the wider context of more serious macro issues facing mankind. We are also writing to the Academy to invite them to debate these issues with us."
Prosperity without growth - Background � Prosperity without Growth? � Sustainable Development Commission
Prosperity without growth - Background Prosperity without Growth? Sustainable Development Commission:
Here are the background papers and opinion pieces which contributed to our work in these areas, together with some additional background papers, mainly research commissioned by Defra into influences on wellbeing."
"Prosperity without growth - Background
The SDC's Prosperity without growth? report is based on research and discussion divided into four main areas – 'visions of prosperity', 'economy lite', 'confronting structure', and 'wellbeing policy'.
The SDC's Prosperity without growth? report is based on research and discussion divided into four main areas – 'visions of prosperity', 'economy lite', 'confronting structure', and 'wellbeing policy'.
Here are the background papers and opinion pieces which contributed to our work in these areas, together with some additional background papers, mainly research commissioned by Defra into influences on wellbeing."
Earthscan blog | From Balaton to Buckingham Palace: excursions into the dilemma of growth
Earthscan blog | From Balaton to Buckingham Palace: excursions into the dilemma of growth: "From Balaton to Buckingham Palace: excursions into the dilemma of growth
By Tim Jackson15. September 2009 05:51
Each year at about this time, a motley group of academics, activists and communicators meets for a week in Hungary, on the shores of Lake Balaton some 200 km south west of Budapest. The self-styled ‘Balaton group’ has been meeting since 1982. Their mission: to continue the work inspired by the Club of Rome’s Limits to Growth report – first published a decade earlier in 1972."
By Tim Jackson15. September 2009 05:51
Each year at about this time, a motley group of academics, activists and communicators meets for a week in Hungary, on the shores of Lake Balaton some 200 km south west of Budapest. The self-styled ‘Balaton group’ has been meeting since 1982. Their mission: to continue the work inspired by the Club of Rome’s Limits to Growth report – first published a decade earlier in 1972."
Gmail - Beyond the boat debate, Hamilton's dire warning, Obama on dope
dire warning,
"Pursuit of economic growth is a failure
Professor Tim Jackson writes:
For the past five decades, the pursuit of economic growth has been the single most important policy goal across the world. Questioning that goal-- particularly in this time of global financial crisis-- is deemed to be the act of lunatics, idealists and revolutionaries.
But in fact the pursuit of economic growth has failed. It has failed on its own terms, it has failed to deliver a good life for all, and it’s now in the process of destroying the planet."
Professor Tim Jackson writes:
For the past five decades, the pursuit of economic growth has been the single most important policy goal across the world. Questioning that goal-- particularly in this time of global financial crisis-- is deemed to be the act of lunatics, idealists and revolutionaries.
But in fact the pursuit of economic growth has failed. It has failed on its own terms, it has failed to deliver a good life for all, and it’s now in the process of destroying the planet."
Clive Hamilton - Articles
Clive Hamilton - Articles: "Is It Too Late to Prevent Catastrophic Climate Change?"
Sunday, October 11, 2009
FT.com / Columnists / Martin Wolf - Finding a route to recovery and reform gets tough now
FT.com / Columnists / Martin Wolf - Finding a route to recovery and reform gets tough now: "The rescue was unprecedented in scale and scope. It had to be: the world economy went over a cliff. At the beginning of 2009, the annualised fall in a quarterly moving average of world industrial output reached 25 per cent (see charts below). The fall in world trade was even more extreme."
The demise of the dollar - Business News, Business - The Independent
The demise of the dollar -
Business News, Business - The Independent: "In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."
Business News, Business - The Independent: "In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."
Tuesday, October 6, 2009
The problem with our environment is too many of us
The problem with our environment is too many of us: "Natural selection has ensured that we are well-endowed with selfish genes. We will always put self before family, family before community, community before country. Hence efforts to get international agreement on controlling global carbon emissions will always be bedevilled by the "after you" syndrome.
The latest report of the UN population division of March 11, 2009 shows that the world's population is 6.8 billion, and is expected to exceed 9 billion by 2050.
When I was born in 1930, there were only 2 billion people on Earth. What has happened to cause this staggering increase, and for how long can it continue?
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