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Economics

New Bill to Spur Growth of Worker Coops in California

Shareable Magazine - April 22, 2015 - 07:59

A new bill in California is a step toward recognizing worker cooperatives as a solution to the state’s growing income inequality and worsening prospects for low- and middle-income people.

AB 816 clarifies language in the existing coop statute and creates the legal structure, capital structure, and certain exemptions from registration requirements to make it easier to form worker cooperatives.

Categories: Economics

Spain's CIC Tries to Build a New Economy from the Ground Up

Shareable Magazine - April 22, 2015 - 07:49

Top image: Enric Duran. Article and image cross-posted from Resilience.org and Bollier.org.

Categories: Economics

Daily Digest 4/22 - Greek Bank Shares Slide, Eurozone Gov't Debts Continue To Rise

Chris Martenson - April 22, 2015 - 07:07
  • Greece buys six weeks’ space with order transferring city funds
  • Atlantic City Managers In Talks to Hire Restructuring Lawyers
  • Surging medical, nursing care costs strain Japan's public finances
  • Chicago Schools Haunted by Bankruptcy Chatter Ahead of Bond Sale
  • Eurozone government debts continue to rise in 2014
  • Key European interbank rate drops below zero
  • Fink Says Central Bankers ‘Destroying’ Insurers With Low Rates
  • Greek bank shares slide to record low as ECB considers pulling the plug
  • India’s Central Bank Chief Looks for More Accommodation
  • Hungary Central Bank Flags More Easing as Rate Cut to Record

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Categories: Economics

Food Stamps Are Worth Double at These Michigan Farmers Markets—Helping Families and Local Businesses

The USDA is putting $31 million behind a program that helps low-income families take home twice the veggies, and local farmers make twice the money.
Categories: Economics

Green Dreams for Earth Day

Shareable Magazine - April 21, 2015 - 13:17

Photo credit: Garry Knight under a Creative Commons license.

At a time when ecological destruction is more dire than ever, the work of protecting the planet depends on dreamers just as much as on scientists, activists, public officials, and business leaders. Earth Day, when millions of people voice support for environmental causes, is the perfect time to recognize this.

Categories: Economics

Meet Lacuna, a Pop-Up Library Made From Books

Shareable Magazine - April 21, 2015 - 10:58

What to do when you’re gifted 50,000 books? Give them away, of course. But how? This is the challenge organizers of the inaugural Bay Area Book Festival faced after the Internet Archive gave them 80 boxes full of 700 books each.

Categories: Economics

Daily Digest 4/21 - Wall Street Bets On Oil Price Rally, Live Small To Be Happy

Chris Martenson - April 21, 2015 - 08:01
  • Live small, be happy? The next new big thing
  • The Future Of Flying
  • The Government Killed 8 Eagles, 730 Cats, and a Million Starlings Last Year
  • New York Apartments, Art Top Gold as Stores of Wealth, Says Fink
  • Mutant Broccoli Has Been Enhanced To Fight Cholesterol
  • Wall Street Bets On Oil Price Rally
  • Offshore Oil and Gas Drilling in the Southeast Atlantic: What You Need to Know. What You Can Do
  • Maybe climate science news makes a difference?

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Categories: Economics

Deluding Ourselves

Chris Martenson - April 20, 2015 - 14:50

Once you understand the role of oil, you cannot walk around or travel anywhere without seeing its massive impact on our lives.  Whether it’s the year-round abundance in our grocery stores or it’s the endless traffic jams in every city across the globe, every single day of the year, you see oil’s effect in and on our collective lives.

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Categories: Economics

Daily Digest 4/20 - World's Electrical Waste Reaches New Peak, Moving To Mars

Chris Martenson - April 20, 2015 - 06:58
  • Out of the ashes - Could we reboot a modern civilization without fossil fuels?
  • A revolt is growing as more people refuse to pay back student loans
  • Key Democrat says he’ll try to kill Obama-backed trade bill
  • Hundreds drown off Libya, EU leaders forced to reconsider migrant crisis
  • Congress cannot be taken seriously on cybersecurity
  • Moving To Mars
  • World's mountain of electrical waste reaches new peak of 42m tonnes
  • The EIA Is Bizarrely Optimistic About Future U.S. Oil Production
  • Falling battery prices boost outlook for electric vehicles

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Categories: Economics

The Sharing Economy Needs a Public Option

Shareable Magazine - April 20, 2015 - 06:37

Photo credit: jonathan mcintosh / Foter / CC BY-SA. Article cross-posted from Al Jazeera America.

Categories: Economics

How to Grow Mushrooms in Your Garden Path

Chris Martenson - April 20, 2015 - 06:25

A wonderful use of mushroom spore inoculated wood chips in a garden path to add to your food forest designs.

http://www.treehugger.com/lawn-garden/how-grow-food-your-garden-path.html

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Categories: Economics

Using Garden Fertilizers

Chris Martenson - April 20, 2015 - 05:53

If you are growing an annual vegetable garden, having sufficient fertility is of paramount importance. Most people know that plants need nitrogen, phosphorus, and potassium to grow. These elements are represented on fertilizer bags everywhere in percentage terms by the three numbers prominently displayed. For example a 24-18-12 fertilizer has 24% nitrogen, 18% phosphorus, and 12 percent potassium. This is also an example of a chemical fertilizer.

This I can tell simply because the percentages are too high for an organic fertilizer. An organic fertilizer rarely has more than a single digit percentage of any of the NPK ratio. There are also secondary elements and micronutrients that are often overlooked but still vital. For example, if you have a calcium deficiency you can apply all the NPK you want, but the plant will not be able to use it.

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Categories: Economics

Steen Jakobsen: Get Ready For The Biggest Margin Call In History

Chris Martenson - April 19, 2015 - 11:02

Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices.

He recommends building cash and waiting to see how the coming storm -- which he calls the "greatest margin call in history" -- plays out.

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Categories: Economics

Daily Digest 4/19 - Regulatory Relief For Banks, Robots Will Replace Half Of Jobs

Chris Martenson - April 19, 2015 - 08:45
  • Workers Seeking Productivity in a Pill Are Abusing A.D.H.D. Drugs
  • Regulatory Relief For Banks That Rarely Fail
  • Robots to replace almost half of jobs over next 20 years: expert
  • FBI can’t cut Internet and pose as cable guy to search property, judge says
  • Videgaray Says Mexico to Hedge 2016 Oil Exports, Limit New Debt
  • Conflict Over Soil and Water Quality Puts ‘Iowa Nice’ to a Test
  • VW Bus to be re-released as an electric vehicle
  • Company creates portable farms that can grow an acre of food in one shipping container

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Categories: Economics

Daily Digest 4/18 - The World's "Smartest" Lake, Guerilla Gardening

Chris Martenson - April 18, 2015 - 06:57
  • The Very Real Hardship of Unpredictable Work Schedules
  • Putting The Real Story Of Energy & The Economy Together
  • Crickets Are Not a Free Lunch, Protein Conversion Rates May Be Overestimated
  • Home Prices Fall in Fewer Chinese Cities as Demand Grows
  • California Gas Pipeline Explosion Injures Up to 15 People
  • Craft Distiller Wants To Save Small Farms
  • Science by robot: Outfitting the world’s “smartest” lake
  • Guerrilla Gardening: Woman Promotes Positive Change by Planting in Potholes

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Categories: Economics

Has The Fed Already Lost?

Chris Martenson - April 17, 2015 - 12:36

Increasingly we live in a world of Now. Instantaneous access to digital real time data and news has simply become a given in our lives of the moment.

You may be surprised to know that the Federal Reserve has taken notice.

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Categories: Economics

The Future Of Interest Rates

Chris Martenson - April 17, 2015 - 12:36
Executive Summary
  • Why the Fed may no be able to raise rates from here
  • Will the Fed go to negative interest rates instead?
  • Why the next recession will limit the Fed's options greatly
  • Why it may well be too late for the Fed at this point to act

If you have not yet read Part 1: Has The Fed Already Lost? available free to all readers, please click here to read it first.

What If The Fed Isn't Actually Able To Raise Rates From Here?

Let’s start with a look at the history of the Federal Funds rate (the shortest maturity interest rate the Fed directly controls).  Alongside the historical rhythm of the Funds rate are official US recession periods in the shaded blue bars.   

Chart Source:  St. Louis Federal Reserve

Of course there is one striking and completely consistent historical commonality in the behavior of the Funds rate over time.  The Fed has lowered the Federal Funds rate in every recession since 1954 at least.  There are no exceptions.  You can see the punchline coming, can’t you?  Just how does one lower interest rates from zero to stimulate a potential slowdown in the economy?

Of course in the banking system...

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Categories: Economics

Daily Digest 4/17 - Canadian Oil And Gas Firms 'Bleeding Money,' What's Really Driving Gold

Chris Martenson - April 17, 2015 - 07:41
  • You Can't Have a Functioning Democracy Without High Quality Infrastructure
  • The Clintonian Theory of Foreign Money
  • Conspiracy Theorists, Bloggers Compared To ISIS During Congressional Hearing
  • World Bank projects leave trail of misery around the globe
  • What Is Really Driving Gold
  • Gold, Silver, Yen & S&P Correlation
  • Feds change no-fly procedures to evade judicial review
  • Canadian oil and gas firms 'bleeding money' amidst darkest outlook in a decade
  • Oil Market Too Murky To Call, Says IEA

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Categories: Economics

Big City Living May Help You Slow Down, Stress Less, and Be Happy‏. Really!

From New York City to Barcelona, cities across the world are turning to “slow living” to make their communities happier and healthier in the face of increasing urbanization.
Categories: Economics

Interviewed: Revive Food on Turning Fruit Waste into Jam

Shareable Magazine - April 16, 2015 - 12:08

The U.S. wastes 70 billion pounds of food annually. Via Schaumburg's Sustainable Future.

It is not news that we waste a lot of food in the United States. Trying to get your head around the amount of food we throw out each year—70 billion pounds—is a challenge. In weight, that is the equivalent of 95 Empire State Buildings. But even this comparison is hard to fathom. The food waste problem in the United States has gotten out of control, and we need ways to rein it in.

Categories: Economics