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This working group is focused on sustainable economics and financial balance within resilient social ecologies.

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

The Geopolitics of Cheap Oil

             

THE WASHINGTON POST VIA GETTY IMAGES

huffingtonpost.com - by John Feffer - January 7, 2016

The market was supposed to save the planet.

That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, would become cheaper, particularly as investment flowed into that sector and drove down the cost of new technologies.

And voila: The invisible hand would gradually turn down the global thermostat.

It’s a ridiculous argument.

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A Different Sort of Aid for Syria?

           

Some aid organisations are helping residents of Homs' Old City start over.  Photo: B. Diab/UNHCR

CLICK HERE - REPORT - UNDP - March 2015 - Syria - Alienation and Violence - Impact of Syria Crisis Report 2014 (66 page .PDF report)

irinnews.org - by Charlotte Bailey

BEIRUT, 4 January 2016 (IRIN) - Given the brutality that has come to characterise Syria’s four-year war, it is understandable that discussion of the conflict has focused on violent deaths.

But there is another scourge destroying lives in the country: economic ruin and crippling poverty – what a UN-backed report called “an equally horrendous but silent disaster.”

Some aid organisations and policy experts are finding that with more than four out of five Syrians in poverty, traditional humanitarian aid, while necessary, just isn’t enough. So they’re advocating for, and implementing, livelihood projects – intervention to assist people’s abilities to support themselves.

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Global Stock Markets Dive on China Worries

         

The index was at the lowest level in nearly three months.  Associated Press

Wall Street has continued the rout on global share markets, with the Dow Jones, S&P 500 closing down more than 1.5% and Nasdaq down 2%.

bbc.com - January 4, 2016

It followed sharp falls in China, where trading on the main stock markets was halted early after indexes tumbled 7%.

A survey indicating China's manufacturing sector contracted again last month was blamed for the falls. . . .

. . . On Wall Street, all 10 major S&P sectors were lower, led by the 2.4% fall in the technology sector. Bank stocks were also hard hit, with JP Morgan down 3.65%.

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(ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW)

CLICK HERE - The Guardian - US stock markets open with worst performance since 2008

CLICK HERE - Huffpost Business - China Halts Trading After 7 Percent Plunge

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NGOs Speak: Their Most Pressing Humanitarian Priorities for 2016

             

South Sudan tops many aid agencies' humanitarian priority lists. as a three-year civil war exacts a heavy toll on the citizens of the country.  (Nichole Sobecki, AFP)

Following a call from the UN for a record $20.1 billion, 15 of the world's leading aid agencies were polled on their top humanitarian concerns.

mg.co.za - by Tom Esslemont - December 28, 2015

There’s one prediction for 2016 that most aid workers can make with confidence – that the new year will usher in rising humanitarian needs.

Besides displacement caused by long-term conflicts in places like Syria and South Sudan, there is also the threat of more violence in Central African Republic and hunger caused by El Nino, which is expected to bring more drought to already-parched southern regions in Africa and potential flooding in the east. . . .

. . . A Thomson Reuters Foundation poll asked 15 of the world’s leading aid agencies to name their top three humanitarian priorities for 2016. Not surprisingly, Syria topped the list of concerns. But what were the others?

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Spain Votes ‘No’ on Failed Economic Policies

                

Spanish Prime Minister Mariano Rajoy at a press conference in Madrid on December 21, 2015.  His Popular Party lost its parliamentary majority in elections the previous day.  Cesar Manso/AFP/Getty Images

Spanish voters reject the two-party system that presided over austerity and mass unemployment

huffingtonpost.com - by Mark Weisbrot - December 23, 2015

In Spain's elections last Sunday, the two parties that have ruled the country for the past three decades took serious losses. This has important implications for the future of not only the country but also the rest of Europe. It is yet another example of how and why the eurozone remains in political upheaval, six years after the global recession. 

(CLICK HERE - READ ARTICLE)

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Vodafone Launches Mobile Cash Transfer System in Ghana Where 15M People Do Not Have a Bank Account

             

Moving money: The service, called M-Pesa, will be branded Vodafone Cash in the West African state

thisismoney.co.uk - by City & Finance Reporter for the Daily Mail - December 7, 2015

Vodafone has launched its mobile cash transfer system in Ghana where 15m people do not have a bank account.

The service, called M-Pesa, will be branded Vodafone Cash in the West African state. It allows mobile phone users to load money on to their phones, just as pay-as-you-go customers can top up their credit. 

They can send the funds anywhere in the country with a text message. Recipients can pick up the cash at shops that offer the service.

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Unmitigated Climate Change to Shrink Global Economy by 23 Percent, Researchers Find

CLICK HERE - STUDY - Global non-linear effect of temperature on economic production

reuters.com - by Ben Gruber - November 16, 2015

Berkeley, California (Reuters) When the world heats up, economies around the globe will cool down. That's according to a new study which predicts that rising temperatures due to climate change will wreak havoc on economic output.  

"Our best estimate is that the global economy as a whole will be 23 percent smaller in 2100 than if we would avoid climate change entirely," said co-author of the study Solomon Hsiang, an associate professor of public policy at the University of California Berkeley. 

The study looked at the relationship between temperature and economic activity in 166 countries over a 50 year period.

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CLICK HERE - Berkeley News - Study finds climate change will reshape global economy

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How Technology Can Help Reboot Ebola-Free Sierra Leone

submitted by George Hurlburt  

             

The new Sensi Technology Innovation Hub hopes to help the country rebuild after its Ebola crisis

cnn.com - by Peter Guest - November 7, 2015

(CNN) - Morris Marah was working in the Sierra Leonean High Commission in London when the devastating Ebola outbreak struck his country last year.

Desperate to help, he went home; first to volunteer in a community health center, then by applying his technology skills to build an SMS-based platform that disseminated weekly information and advice on how to avoid contracting the disease to more than 500,000 people.

"I felt, sitting in London there wasn't much I could do from that far away. I wanted desperately to come out here and see how I could be useful," he says over the phone from the capital, Freetown.

Working on that platform, called Sensi, and on other public health initiatives demonstrated how successfully technology could be leveraged for social good, and inspired him to look for ways to bring the country's small, but talented, tech community together to help restart the country's stalled economy.

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How the Third Industrial Revolution Will Create a Green Economy

A photograph of a city skyline at dusk with lamps in the foreground that resemble stylized trees.

Image: A photograph of a city skyline at dusk with lamps in the foreground that resemble stylized trees.

huffingtonpost.com - October 20th, 2015 - Jeremy Rifkin

The global economy is slowing, productivity is waning in every region of the world and unemployment remains stubbornly high in every country. At the same time, economic inequality between the rich and the poor is at the highest point in human history. In 2010 the combined wealth of the 388 richest people in the world equaled the combined wealth of the poorest half of the human race.

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Cutting Greenhouse Gas Emissions Won't Slow Global Economic Growth — Report

          

Increased use of low-carbon energy sources instead of fossil energy sources is making it easier for countries to decouple economic growth from greenhouse gas emissions, according to a new report.  Photograph: Mick Tsikas/Reuters

New report from green think tank Heinrich Boll shows OECD countries grew their economies 16% in last decade – and cut greenhouse gas emissions 6.4%

CLICK HERE - RESEARCH REPORT - Turning point: Decoupling Greenhouse Gas Emissions from Economic Growth

theguardian.com - by Bruce Watson - September 26, 2015

As the world works out how to avoid catastrophic climate change, one of the biggest questions remaining is whether we can continue to grow economically without also increasing greenhouse gas emissions.

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