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Uber's Missteps Should be a Cautionary Tale to the Tech Industry

Shareable Magazine - 7 hours 2 min ago

Op-Ed: This week, news broke that Uber's investors demanded and got CEO Travis Kalanick's resignation. The company has been embroiled in controversy from the get-go, and Kalanick should have been let go much sooner.

Categories: Economics

Daily Digest 6/22 - Senate Unveils ACA Repeal Bill, Our Fear Of Nukes

Chris Martenson - 14 hours 1 min ago
  • Senate Leaders Unveil Bill to Repeal the Affordable Care Act
  • I moved my kids out of America. It was the best parenting decision I've ever made.
  • Fewer People Think Continued GDP Growth Necessary or Possible -- Survey Results Released
  • Amazon Just ‘Jumped the Shark’
  • Two-And-a-Half Minutes to Midnight: Our Fear of Nukes and How We Got Here
  • Tesla Deals A Blow To Competitors As Its Stock Price Soars
  • In Flint Water Crisis, Could Involuntary Manslaughter Charges Actually Lead to Prison Time?
  • Heat can kill and we’re turning up the thermostat

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Categories: Economics

Podcast: How Placemaker Helps Communities Support Local Businesses

Shareable Magazine - 17 hours 7 min ago

This week in Building Local Power, we're discussing independent businesses and the communities that support them. Host Christopher Mitchell and ILSR co-director and Community-Scaled Economies initiative director Stacy Mitchell interview Katrina Scotto di Carlo from Portland, Oregon.

Categories: Economics

Off The Cuff: The Approaching Minsky Moment

Chris Martenson - June 21, 2017 - 18:00

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • A Study In Failure Of The State
    • Chris shares his on-the-ground observations from So. America
  • It Can Happen Here
    • Mish shares his on-the-ground observations from Illinois
  • Virtually All The Macroeconomic Data Is Miserable
    • Yet the Fed & the markets are acting like everything's great
  • The Approaching Minsky Moment
    • It's a matter of if, not when

This week's Off The Cuff discussion is an interesting one. Both Chris and Mish have front-row seats to two failing governments -- Chris in Argentina, and Mish in Illinois. It feels to them like they are getting a preview of the economic pain soon to come to the rest of the world.

Both are *very* concerned that citizens and investors across the globe are being duped by the (lack of) signals and messages today's ""markets"" are providing. Looking at the steady drumbeat of bad & worsening macroeconomic data, as well as the immense gap between fundamentals and asset prices, Chris and Mish are as confident as they have ever been that a massive painful reset is nigh. But too many of our leaders, and too much of the public, remain complacent/ignorant (willfully or not) regarding this risk. 

Their conclusion? The world is woefully unprepared for the Minsky moment headed its way.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Danish Energy Cooperative Lets Consumers Collectively Build Wind Turbines

Shareable Magazine - June 21, 2017 - 16:54

The establishment of a carbon-neutral energy system requires massive investments in infrastructure such as wind turbines. Because distributed energy systems do not fit the business models of the old energy utilities, they continue to invest far too little in this sector. Meanwhile, many individual electric power consumers are interested in investing in renewable power infrastructure, but these investments are too large and require a level of expertise too advanced for individual households to be able to support them. How can consumers take matters into their own hands?

Categories: Economics

How Residents of Hamburg Reclaimed the Power Grid

Shareable Magazine - June 21, 2017 - 12:00

From 2000 to 2014, the energy infrastructure of the city of Hamburg was mainly in the hands of private energy monopolies such as Vattenfall and E.On that controlled most of Germany's electric power infrastructure. These companies had a strong interest in utilizing their coal and nuclear power plants as long as possible, thereby obstructing a shift to renewable energy. Moreover, they were reluctant to provide equal access to small power providers and invest in a smart grid that allows more effective management of variable, distributed power inputs.

Categories: Economics

Daily Digest 6/21 - Chicago Police Pension Will Be Broke In 2021, PR Foreclosures Surge

Chris Martenson - June 21, 2017 - 07:37
  • Quad City Illinois lawmakers head to Springfield to pass budget before deadline
  • Medica intends to stay in Iowa's health-insurance market, at 43% higher price
  • Health insurers request 22 percent premium increases in Washington for 2018
  • Rauner, schools play blame game as CPS takes out costly $275M loan (Chicago)
  • Australia's central bank frets on financial stability as household debt mounts
  • Pension Crisis Won't Be Reversed by High Returns, Moody's Says
  • Illinois Medicaid talks to blow past judge's deadline
  • Projection: Chicago's police pension fund will be broke in 2021
  • Illinois’ unpaid bill backlog grows to more than $15B
  • Puerto Rico families fight, flee a surge in foreclosures

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Categories: Economics

Podcast: Late Environmental Economist Robin Murray's Views on Creating a New Economy

Shareable Magazine - June 20, 2017 - 16:43

In this episode, we spoke with the late Robin Murray, a prolific sustainability and environmental economist, an advocate for a living economy, and a key player in the birth of the fair trade movement. Murray was named by The Guardian as one of the fifty people who could save the planet. He worked to establish the London Climate Change Agency with the Deputy Mayor of London, and alternated between working on innovative economic programs in local, regional, and national governments and in academia.

Categories: Economics

Top 10 Ways to Beat the Heat

Chris Martenson - June 20, 2017 - 13:54

Here are 10 considerations and ways to help stay cool this summer and survive record high temperatures and oppressive heatwaves.

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Categories: Economics

Timeline: History of Rural Electricity Cooperatives in the US

Shareable Magazine - June 20, 2017 - 10:11

Most farms in the U.S. today have power, and many get their current from small, consumer-owned rural electric cooperatives. But in the 1930s, only 10 percent of these farms were connected to the electricity grid. During the New Deal era, a system of electricity cooperatives was established, and through the sharing of resources, the nation's rural communities were electrified. Within a few decades, roughly 90 percent of farms in the U.S. were connected to the electricity grid. The same grid exists today, but it is badly in need of an upgrade. 

Categories: Economics

Daily Digest 6/20 - “Consciousness is everywhere,” How Russia Targets the U.S. Military

Chris Martenson - June 20, 2017 - 04:06
  • Leading neuroscientists and Buddhists agree: “Consciousness is everywhere”
  • How Russia Targets the U.S. Military
  • He Voted to Impeach Clinton. This Looks Bigger.
  • The Thinking Person's Retirement Choice
  • 10 no-brainer ways to cut healthcare costs without hurting quality
  • 3 ways Clean Energy will make Big Oil extinct in 12 to 32 Years — without subsidies
  • Oil Markets Unmoved By Brewing Conflict In The Middle East
  • It’s Too Hot for Some Planes to Fly in Phoenix

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Categories: Economics

Community Power Offers Fukushima a Brighter, Cleaner Future

Shareable Magazine - June 19, 2017 - 13:27

In 2011, the Great East Japan Earthquake and tsunami ravaged the Fukushima prefecture, in the Tohoku region of Japan's main island of Honshu.

Categories: Economics

Cool Block Shows How Neighborhoods Can Create Climate Resilience

Shareable Magazine - June 19, 2017 - 12:10

In her 30 years of working in the sustainability sector, Sandra Slater has learned quite a bit about human behavior, including the idea that just giving people information doesn't inspire a change in behavior. 

"If you just go in and say, 'Let's lower your carbon footprint,' it's a nonstarter," Slater says. "You have to go in with other motivators." She says people are looking for social connection, meaning, purpose, safety, and efficacy.

Categories: Economics

How Electricity Cooperatives in the US are Paving the Way for a Renewable Future

Shareable Magazine - June 19, 2017 - 10:24

Curtis Wynn had a problem. Since 1997, Wynn has led the Roanoke Electric Cooperative in North Carolina. For a good chunk of that time, he'd been pushing for the cooperative's members to adopt clean technology. The problem? His members thought their bills were too high — some were paying more than $200 a month. A third of the co-op's members live in mobile homes and about a half live in single family homes — almost none live in apartments. Many of these buildings were badly in need of efficiency upgrades.

Categories: Economics

The Case for Local, Community-led Sustainable Energy Programs

Shareable Magazine - June 19, 2017 - 10:06

The energy infrastructure that we inherited from the 20th century is one dominated by fossil fuels and uranium, mined in relatively few localities in the world. The distribution and refining of these fuels is tightly held by a few large corporations. Electricity generation typically occurs in plants that hold local or regional monopolies, with vast profit potential. While gasoline is burned in millions of vehicles, the distribution system remains within the control of a few corporations, which often have regional or national oligopoly or monopoly control.

Categories: Economics

Daily Digest 6/19 - Rigged Jobs, The Growing Revolution

Chris Martenson - June 19, 2017 - 07:06
  • Spain’s Wounds Run Deep as Economy Retraces Crisis Losses
  • Rigged
  • BofA: "Has The Fed Become Concerned About The Surge In Stocks?"
  • Who Holds the DEA Accountable When Its Missions Cost Lives?
  • Using Texts as Lures, Government Spyware Targets Mexican Activists and Their Families
  • Are Russia And The Saudis Planning A Natural Gas Cartel?
  • The Growing Revolution
  • Atlantic faces the rare prospect of two active tropical storms in June

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Categories: Economics

Kirk Sorensen: The Future Of Energy?

Chris Martenson - June 18, 2017 - 11:20

Imagine a form of nuclear energy with greater output and virtually no safety issues. 

Such is the promise of liquid flouride thorium reactors (LFTRs). Kirk Sorensen returns to the podcast this week to update us on the current state of thorium power. 

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Categories: Economics

Daily Digest 6/17 - Falling Rocks in the Promised Land, World Weather Report

Chris Martenson - June 17, 2017 - 07:55
  • Lead found in 20% of baby food samples, especially juices and veggies
  • The Breakthrough: Uncovering NYC Cops Making Millions in Suspicious Deals
  • Falling Rocks in the Promised Land
  • Qatar's Crisis With Saudi Arabia And Gulf Neighbors Has Decades-Long Roots
  • American Chipmakers Had a Toxic Problem. Then They Outsourced It
  • The pitfalls and potential of inexpensive 3D scanning solutions 
  • Yemen War Threatens Crucial Oil Chokepoint
  • World Weather Report

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Categories: Economics

Everything You Need To Know About The Credit Impulse

Chris Martenson - June 16, 2017 - 16:23
Executive Summary
  • The case of the missing credit impulse
  • The credit impulse is the worst its been in recent history
  • How the situation is deteriorating fast
  • Why a credit impulse-driven recession is nigh

If you have not yet read Part 1: The Pin To Pop This Mother Of All Bubbles? available free to all readers, please click here to read it first.

The Case Of The Missing Credit Impulse

An enormous oversight of nearly every major economist is the role of debt in both fostering current growth but also stealing from future growth. 

It seems like such a simple concept, and it’s one I covered in great detail back in 2008 in the original Crash Course, but it remains a mysterious oversight of most here in 2017.  The concept is easy enough; if I borrow money to increase my spending here today, it probably makes sense to take note of that if you're an economist responsible for tracking spending.

My debt-funded spending today is my lack of spending in the future when I pay down the debt. 

Professor Steve Keen has this topic nailed beautifully. In it, he explains how even simply keeping a massive pile of previously accumulated debt at the same level as last year is a net negative on economic growth. A very simple and a very profound concept that still is not a part of conventional thinking.

Now here where things get interesting. And frightening. If we look at...

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Categories: Economics

The Pin To Pop This Mother Of All Bubbles?

Chris Martenson - June 16, 2017 - 16:23

Global macro economic data has been weak for many years, but there’s now a very real chance of a world-wide recession happening in 2017.

Why? A dramatic and worsening shortfall in new credit creation.

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Categories: Economics