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Tue, 2011-08-30 10:17 — mdmcdonald
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.

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Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett
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2.5 Billion People Don't Have Access To A Toilet. Here's Why You Should Care. (INFOGRAPHIC)

Fri, 2013-09-13 17:30 — Kathy Gilbeaux

            

A woman and her child walk between shacks, past a communal toilet in Khayelitsha township on the outskirts of Cape Town, South Africa, Tuesday, Oct. 20, 2009. South African President Jacob Zuma says mayors need to clean up corruption and stop political squabbling in the face of sometimes violent protests over lack of city services. (AP Photo/Schalk van Zuydam)

huffingtonpost.com - by Jessica Prois - September 12, 2013

The infographic below highlights the fact that 2.5 billion people have to seek out other options in lieu of a loo -- and it's just not OK.

Funny euphemisms aside, the World Bank created this illustration to detail the fact that lack of access to sanitation costs the world $260 billion yearly in health and productivity.

Health costs include $51 million spent on medication, transportation and hospitalization.

(READ COMPLETE ARTICLE)

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For The First Time Ever, Combined GDP Of Poor Countries Exceeds That Of Rich Ones (CHART)

Wed, 2013-08-28 21:07 — Kathy Gilbeaux

          

huffingtonpost.com - by David Yanofsky - August 28, 2013

For the first time ever, the combined gross domestic product of emerging and developing markets, adjusted for purchasing price parity, has eclipsed the combined measure of advanced economies. Purchasing price parity—or PPP for short—adjusts for the relative cost of comparable goods in different economic markets.

According to the International Monetary Fund—the supplier of this data—emerging and developing economies will have a purchasing price parity-adjusted GDP of $42.8 trillion in 2013, while that of emerging economies will be $44.4 trillion. In other words, emerging markets will create $1.6 trillion more value in goods and services than advanced markets this year.

(READ COMPLETE ARTICLE)

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Arctic Methane Time Bomb Could Have Huge Economic Costs

Mon, 2013-07-29 11:15 — Kathy Gilbeaux

      

Increasing temperatures in the Arctic region are reducing sea ice cover and increasing the possibility of methane leaching from the sea bed

bbc.co.uk - by Matt McGrath - July 24, 2013

Scientists say that the release of large amounts of methane from thawing permafrost in the Arctic could have huge economic impacts for the world.

The researchers estimate that the climate effects of the release of this gas could cost $60 trillion (£39 trillion), roughly the size of the global economy in 2012.

The impacts are most likely to be felt in developing countries they say.

The research has been published in the journal Nature.

(READ COMPLETE ARTICLE)

RESEARCH - NATURE - Climate science: Vast costs of Arctic change

Climate science: Vast costs of Arctic change (3 page .PDF file)

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Situation Report

Global Humanitarian Assistance Report 2013

Mon, 2013-07-22 22:01 — Kathy Gilbeaux

globalhumanitarianassistance.org - July 17, 2013

‘Year of perpetual crises’ exposes chronic poverty and vulnerability

Geneva: The Global Humanitarian Assistance (GHA) report 2013, released today by Development Initiatives at the UN’s ECOSOC meeting, highlights the absence of any ‘mega-disasters’ [1] in 2012 but reveals the perpetual vulnerability of the poorest people in developing countries and their persistent exposure to crises.

The GHA report, the most comprehensive annual review of humanitarian financing, highlights the shocking death toll of the hunger crisis in Somalia, with 257,000 people (or 4.6% of the population) estimated to have died between 2010 and 2012.

Judith Randel, Executive Director of Development Initiatives, said:“The data shows that the response to slow-onset crises such as Somalia is often late, resulting in huge numbers of unnecessary deaths. By intervening earlier, as well as investing in mechanisms that reduce risk, donors could save more lives and protect more livelihoods - probably at lower cost.”

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Predicting the Next Financial Collapse

Sun, 2013-06-30 19:11 — Kathy Gilbeaux

      

J. Kyle Bass, a Dallas-based investor, forecasted the mortgage bubble and the European collapse. But what happens if his third prediction comes true?

texasmonthly.com - by Paul McDonnold - May 7, 2013

J. Kyle Bass has a knack for forecasting economic trouble. Back in 2006 the Dallas-based investor observed that there was a seemingly unstoppable market for sub-prime mortgages. But research convinced him the market was wildly overvalued, that it was a quasi-pyramid scheme built on low interest rates, inflated home prices and bundles of shaky loans made to people who couldn’t really afford the payments.

(READ COMPLETE ARTICLE)

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Could Climate Bonds Become a Major Force in Green Finance?

Thu, 2013-06-27 13:05 — Kathy Gilbeaux

submitted by Albert Gomez

environmentalleader.com - June 3, 2013

So-called “green” or “climate” bonds, being issued by a number of financial institutions and state governments as a means of generating funding for sustainable development and clean energy technology, are becoming increasingly popular and could become a major new force in the green investment world, according to the Globe-Net.

The World Bank developed the Green Bond concept in 2007/2008 and simplicity is key to its popularity, according to Globe-Net blog post. The World Bank’s green bonds are triple-A rated and can be traded as easily as other “vanilla” investments, offering investors a high rate of liquidity.

(READ COMPLETE ARTICLE)

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Europe strikes deal to push cost of bank failure on investors

Thu, 2013-06-27 00:11 — Gina Angiola

By John O'Donnell and Robin Emmott

June 26,2013 Reuters

BRUSSELS (Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.

 

After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank.

...

FULL ARTICLE HERE

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Shifting gears to accelerate shared prosperity in Latin America and Caribbean

Sat, 2013-06-22 15:25 — Maeryn Obley

documents.worldbank.org - June 1st, 2012 - Louise J. Cord, Leonardo Lucchetti, Carlos Rodriguez-Castelan

Latin America and the Caribbean (LAC) have made laudable progress in the past fifteen years in reducing poverty, building the middle class and promoting prosperity for all levels of society. Extreme poverty, defined in this region as life on less than $2.50 a day, has declined by half, while in 2011, for the first time in recorded history, the LAC region had a larger number of people in the middle class than in poverty. Across this region of close to 600 million people, the poor have been gaining faster than the already well off.

(VIEW PDF REPORT)

(VIEW WEBSITE AND COMPLETE ABSTRACT)

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Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013

Sat, 2013-06-22 15:20 — Maeryn Obley

Peter Schiff

Image: Peter Schiff

ivn.us - October 28th, 2012 - W. E. Messamore

Do a YouTube query for “peter schiff was right” and you’ll find dozens of videos with montages of the investment broker and financial commentator making accurate predictions about the financial crisis that struck in 2007 while other analysts not only disagree, but insinuate that Schiff’s predictions were completely nuts.

In one particular video, uploaded in November of 2008 and clocking in at over 2 million views, it’s easy to see what an independent voice Peter Schiff is in the realm of economic analysis and forecasting. Schiff– a Republican who sought out his party’s nomination during Connecticut’s 2010 U.S. Senate race, a self-described capitalist who believes in free-market economics, and who says he’s proud to be a member of “the 1%”– spends most of that particular video montage arguing with many respected Republican analysts as they deride his predictions and say that the economic boom would continue with no end in sight.

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Eurozone Recession Now Longest In Currency's History

Thu, 2013-06-20 23:09 — Kathy Gilbeaux

huffingtonpost.com - By PAN PYLAS and SARAH DiLORENZO - May 15, 2013

PARIS -- The eurozone is now in its longest ever recession – a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.

The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eurozone's economy contracted for the sixth straight quarter, shrinking by 0.2 percent in the January-March period from the previous three months.

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