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“Something’s Happening Here… What It Is Ain’t Exactly Clear…”

Shareable Magazine - August 10, 2015 - 06:03

Article cross-posted from 1worker1vote.org. Photo credit: C x 2 / Foter / CC BY.

Categories: Economics

Mystic Midway Inspires Community Play and Service to Others

Shareable Magazine - August 10, 2015 - 04:54

The Mystic Midway is a community, a performance troupe, a roving carnival, and a strategy for connecting people in a whimsical, playful and creative way. It's made up of professional actors, dancers, clowns, mystics, social activists, musicians, costume designers, graphic artists and more.

Categories: Economics

Daily Digest 8/9 - The Advent Of Artisanal Cash, America's Slums Resurrected

Chris Martenson - August 9, 2015 - 07:46
  • The Resurrection of America's Slums
  • Do You Have Change for a Bowie? The Advent of Artisanal Cash
  • The Chutzpah of a Police Union in Santa Ana, California
  • Pain of Puerto Rico’s Debt Crisis Is Weighing on the Little Guy, Too
  • How Much The Government Really Costs You
  • Orange muck from Colo. mine spill heads downriver
  • Beekeepers try to keep bees — and livelihoods — from going extinct
  • Iran city hits suffocating heat index of 165 degrees, near world record

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Categories: Economics

Daily Digest 8/8 - The Rumblings Of War, 'Epochal Deflation' Ahead

Chris Martenson - August 8, 2015 - 07:18
  • The Rumblings Of War
  • CEOs Now Officially Have to Tell You How Grossly Overpaid They Are
  • "The Top's In" David Stockman Warns Of "Epochal Deflation"
  • Chicago police detained thousands of black Americans at interrogation facility
  • Statement by Glenn Stevens, Governor: Monetary Policy Decision
  • Record 93,770,000 Americans Not In Labor Force
  • Capping oil well blowouts within 24 hours too expensive, says Ottawa
  • A Once-Flourishing Pima Cotton Industry Withers in an Arid California 

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Categories: Economics

Mutual Aid Network: The New Cooperative Model on the Block

Shareable Magazine - August 7, 2015 - 12:17

The move to a new economy is underway, whether we like it or not. The many cracks widening in latter-day capitalism are creating new pressures and opportunities for people to do things differently. The real question is whether we patch over those cracks with more of the same, or nurture the seedlings for a more beautiful world that are sprouting up and breaking through.

Categories: Economics

Is China’s “Black Box” Economy About to Come Apart?

Chris Martenson - August 7, 2015 - 09:37

After 30 years of torrid expansion, perhaps the single most consequential factor in China’s economy is how much of it is a “black box”: a system with visible inputs and outputs whose internal workings are opaque.

That black box is looking increasingly like a Pandora's box. What will happen if it breaks apart?

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Categories: Economics

Why China Is Extremely Vulnerable Now

Chris Martenson - August 7, 2015 - 09:36
Executive Summary
  • Too much of China's wealth is tied up in housing
  • The Obvious Risk: Declines in demand will crush prices
  • The Less Obvious Risk: housing in China is very illiquid
  • China's extraordinary vulnerability

If you have not yet read Part 1: Is China’s “Black Box” Economy About to Come Apart? available free to all readers, please click here to read it first.

In Part 1, we looked at the factors that render China’s economy a black box: the inputs and outputs are visible, but the internal workings are often opaque. Though there is an abundance of data on China’s housing market, it too is opaque in critical ways.

Let’s dig into what makes China’s housing bubble so risky.

Chinese Household Wealth Is Mostly In Housing

The percentage of household assets in real estate varies from source to source, but however it’s sliced, China’s household wealth is extraordinarily concentrated in housing.

This means any reduction in housing values will have an outsized impact on household wealth and the perception of wealth, i.e. the wealth effect: people who own assets that are rising feel wealthier and tend to spend more freely as a result. Those with assets that are declining in value tend to feel poorer, even if their day-to-day life in unaffected by the drop in wealth. This is the negative wealth effect.

While middle-class households’ wealth is in their primary residence, upper-middle class households tend to put the family wealth in additional homes as investment properties. Anecdotally, it is not uncommon for middle-aged people with secure employment to own three flats: one for their residence and two as nest eggs. The practice of buying third homes was subject to restrictions a few years ago, but the resulting drop in housing demand scared authorities into...

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Categories: Economics

Daily Digest 8/7 - Good News Friday: Job Growth Steady In July, Connecting Economic Growth to Renewable Energy

Chris Martenson - August 7, 2015 - 07:24
  • A Foxy, Rowdy Republican Debate
  • Job Growth Steady in July, Possibly Easing Path for Fed Action
  • July Jobs Report: Everything You Need to Know
  • Could a Common Plant Be the Future of Renewable Energy?
  • One Week, $2 Billion Invested In This Next Energy Hotspot
  • Molecular trick alters rules of attraction for non-magnetic metals
  • Countries Big and Small Are Connecting Economic Growth to Renewable Energy, and It's Working
  • How To Build a Three-Bin Composter

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Categories: Economics

What’s a Death Midwife? Inside the Alternative Death Care Movement

From funeral cooperatives to green burials, there's a kinder, gentler, less expensive way to die.
Categories: Economics

This New Rule Will Bring Secretive Corporate Tax Breaks to Light

Every year, governments spend tens of billions of dollars on tax breaks for private companies. Now, state and city governments will have to start reporting it as lost income.
Categories: Economics

Daily Digest 8/6 - Money Bubble About to Pop, Climate Change Nightmares Already Here

Chris Martenson - August 6, 2015 - 07:33
  • The Tale of an Anxious Economic Recovery, Told by a Revived Textile Mill
  • The Suicide of the American Left
  • Coming Out - As a Bear! 
  • James Turk: Money Bubble About to Pop
  • The Economist: The TPP is Dead
  • John Kerry on the Risk of Congress ‘Screwing’ the Ayatollah 
  • Liquefied Natural Gas Makes Qatar an Energy Giant
  • Arizona Apache Mobilize Against Bill Which Hands Sacred Native American Land To Mining Company
  • Germany Breaks a Renewable Energy Record
  • Toxic Algae Blooming in Pacific from California to Alaska Is Affecting Your Seafood
  • The Point of No Return: Climate Change Nightmares Are Already Here

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Categories: Economics

Made with Creative Commons: A Book on Open Business Models

Shareable Magazine - August 5, 2015 - 07:35

by Paul Stacey, Associate Director of Global Learning, Creative Commons

Business has always benefited from the Commons. Air, water, forests, pastures, fish and other Commons-based natural resources have long been freely accessed and used. In the age of the Internet we've seen natural resource-based Commons augmented with a rapidly growing digital Commons.

Categories: Economics

Daily Digest 8/5 - Global Inflation Still Low, Italy To Seek EU Budget Leeway

Chris Martenson - August 5, 2015 - 05:33
  • Italy says to seek budget leeway from EU
  • Maragos warns of $62 million cash deficit this year in Nassau
  • Radar Detectors Are Now Technologically Advanced Enough to Match Your Supercar
  • New world of work: political cost of Spain’s recovery
  • Swiss housing bubble risk highest since 1991, says UBS
  • Moody’s warns over lending crackdown threat to refinancing
  • Seven problems that deserve investors’ attention
  • Indian consumer sentiment lowest since March: MNI Indicator
  • China state margin lender injects $32 billion into new mutual funds - China Securities Journal
  • The Oil Crash Has Caused a $1.3 Trillion Wipeout
  • Japan’s Monetary Base Stands at Record High
  • China’s One-Year Bonds Decline as Stimulus Seen Boosting Supply
  • OECD: Global inflation still stubbornly low
  • As Economy Slows, China Has Range of Policy-Stimulus Options
  • China central bank vows to stabilize market expectations

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Categories: Economics

New Report Explores Community Land Trusts and the Commons

Shareable Magazine - August 4, 2015 - 09:01

In a new report, Mike Lewis and Pat Conaty, authors of the book The Resilience Imperative: Co-operative Transitions to a Steady-state Economy, explore the connection between community land trusts and the Commons.

Categories: Economics

The Power of Peers Inc: a Q&A with Robin Chase

Shareable Magazine - August 4, 2015 - 08:21

Robin Chase is a collaborative consumption pioneer whose work in the field predates even the term “sharing economy.” As co-founder and the first CEO of Zipcar, the largest car sharing platform in the world, Chase helped usher in the era of putting idle assets to work. Her continued work in the transportation field includes co-founding Buzzcar, a peer to peer carsharing service in France (now merged with Drivy), and GoLoco, an online ridesharing community.

Categories: Economics

Daily Digest 8/4 - Puerto Rico In Default, The Freest Place On Earth

Chris Martenson - August 4, 2015 - 07:40
  • Puerto Rico just defaulted for the first time
  • F.A.Q. About Puerto Rico’s Debt Troubles
  • Welcome To The Freest Place On Earth
  • Training Officers to Shoot First, and He Will Answer Questions Later
  • EIA Capitulates Under Cover Of Darkness
  • Obama rolls out the final EPA plan to cut carbon emissions
  • Methane Leaks May Greatly Exceed Estimates, Report Says
  • A Green Light for Using Rain Barrel Water on Garden Edibles

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Categories: Economics

That Roaring Sound You Hear…

Chris Martenson - August 3, 2015 - 18:05

Ok folks, the deflation we’ve been tracking is gathering steam. We're now seeing new signs on a daily basis.

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Categories: Economics

Join Chris, Adam & Robb Wolf Speaking in Sebastopol, CA on Sep 2

Chris Martenson - August 3, 2015 - 17:05

Come join Chris, Adam and nutrition & fitness expert Robb Wolf for the night of September 2, at the Grange Hall in Sebastopol, California.

We'll be talking about how to build true wealth, with a special focus on one of its most valuable forms: a healthy & capable body.

Join the conversation »

Categories: Economics

Join Chris, Adam & Robb Wolf Speaking in Sebastpol, CA on Sep 2

Chris Martenson - August 3, 2015 - 17:05

Come join Chris, Adam and nutrition & fitness expert Robb Wolf for the night of September 2, at the Grange Hall in Sebastopol, California.

We'll be talking about how to build true wealth, with a special focus on one of its most valuable forms: a healthy & capable body.

Join the conversation »

Categories: Economics

Adorable Library on Wheels Brings Books to Children in Italy

Shareable Magazine - August 3, 2015 - 07:19

Antonio De Cava is a lifelong lover of reading and retired school teacher in Southern Italy. Recognizing that children in the local villages didn’t have easy access to books, he created the Bibliomotocarro, a portable library on wheels that holds 700 books.

Designed to get free books into the hands of young people, the Bibliomotocarro is welcomed with smiles and enthusiastic chatter wherever De Cava goes. When children hear the organ music of the Bibliomotocarro, they run to meet it like they would an ice cream truck.

Categories: Economics