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Report: US Cities Criminalizing Sharing Food with Homeless

Shareable Magazine - October 28, 2014 - 08:18

Photo credit: Ed Yourdon. Article cross-posted from Common Dreams. Authored by Nadia Prupis.

As the number of U.S. cities criminalizing sharing food with the homeless continues to rise as a result of burdensome requirements on food pantries and individuals, rights groups are condemning the cities for their focus on punishment over solutions.

Categories: Economics

300,000 People Weigh In On the Future of the Internet

Shareable Magazine - October 28, 2014 - 06:41

The Internet is an incredible tool that enables people around the world to connect, share and co-create. But the ever-looming threat of big business and government putting restrictions on our freedom to share online is very real and could impede the things we value most about the Internet.

Categories: Economics

Daily Digest 10/28 - Against The Grain, The Push to Get Low-Income Students Through College

Chris Martenson - October 28, 2014 - 06:35
  • Ebola And The Vast Viral Universe
  • Ebola, Natural Cures, And Panic: A Rant
  • Which Hazard Is Better Contained: Ebola or Extreme Economic Inequality?
  • A New Push to Get Low-Income Students Through College
  • Doug Casey’s Views on the Military/Police, Education, Markets & Manipulations
  • The End of the Crisis for Now: America Is Awash in Energy
  • Against The Grain
  • Arctic melt means more severe winters likely, for now

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Categories: Economics

About that Shale Oil 'Miracle'…

Chris Martenson - October 28, 2014 - 04:16

It's been said that humans are rationalizing -- not 'rational' -- animals. The deep truth in that statement is that we humans have strongly-held beliefs that color the information we take in an accept. We're often guilty of recognizing only the data that supports those beliefs while rejecting the rest.

For example, today most people place a great deal of faith in the potential for technology to fix whatever predicaments society may face in the future. And they support that view with cherry-picked data, while conveniently overlooking evidence suggesting technology is instead a sword with two edges.

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Categories: Economics

About that Shale Oil 'Miracle'…

Chris Martenson - October 28, 2014 - 04:16

It's been said that humans are rationalizing -- not 'rational' -- animals. The deep truth in that statement is that we humans have strongly-held beliefs that color the information we take in an accept. We're often guilty of recognizing only the data that supports those beliefs while rejecting the rest.

For example, today most people place a great deal of faith in the potential for technology to fix whatever predicaments society may face in the future. And they support that view with cherry-picked data, while conveniently overlooking evidence suggesting technology is instead a sword with two edges.

Join the conversation »

Categories: Economics

The Hard Facts About Shale Oil

Chris Martenson - October 28, 2014 - 04:15
Executive Summary
  • Why prices under $100 per barrel just aren't cash flow positive for shale oil producers
  • VIDEO: all you need to know about the shale oil industry
  • Why the Boom/Bust cycle is swinging to 'Bust' for shale companies
  • Why a prolonged 'Bust' in oil prices will create massive economic shockwaves

If you have not yet read Part 1: About That Shale 'Miracle'... available free to all readers, please click here to read it first.

The Shale Reality

Now, let me build on the case that not only are shale companies not profitable at $50 per barrel oil, but they are often not profitable at prices nearly 100% higher than that.

I’m not about to make the case that all shale operators are unprofitable or about to go bust on the plays, but I am going to make the case that any sweeping statements like “technology will bring us Shale 2.0” are utterly adrift from the evidence at our disposal.

Let’s go back to September 2014, before any oil price weakness had crept into the picture.  At that point in time, according the WSJ author, the shale operators should have been swimming in cash.

Well, that’s just not the case. And some of them were losing their shirts:

Sumitomo’s US shale oil foray turns sour

Sept 29, 2014

Sumitomo Corp of Japan has drawn a line under its disastrous two-year foray into shale oil in the US, with writedowns connected to the project almost completely erasing its full-year earnings.

On Monday, Sumitomo, the fourth biggest of Japan’s trading companies by market capitalisation, said that an impairment loss of Y170bn ($1.6bn) on a “tight oil” project in west Texas would form the bulk of Y240bn of charges for the fiscal year to March 2015.

(Source)

Hmmmm. I guess Sumitomo just failed to use enough smart technology or something, because otherwise how is it possible to lose $1.6 billion at a time when oil was solidly priced in the $100 range?

Sarcasm aside, the truth is that it’s all too easy to lose money in the shale plays, something I believe is already completely indicated by the negative free cash flows of the industry. 

In fact, that negative free cash flow evidence tells me that...

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Categories: Economics

Living the New Economy Convergence Draws Passionate Crowd

Shareable Magazine - October 27, 2014 - 20:29

For four days this past week, hundreds of activists, speakers, panelists, thinkers, visionaries, and caring citizens came together in Oakland, California for the first annual Bay Area Living the New Economy Convergence. Over breakfasts, lunches, presentations and round tables, they discussed ideas and tools for shifting away from the current profit-driven system and into a new economic paradigm, one that puts people and ecology at the heart of business models.

Categories: Economics

Living on the Edge @unMonastery

Shareable Magazine - October 27, 2014 - 09:11

Arriving at the unMonastery in Matera, Italy after so many months revived me. I felt as a saint being greeted so effusively as I made the rounds of the building where the unMonasterians once resided and would once again for the duration of the social innovation conference, Living on the Edge 4 (#LOTE4), the theme of which would

Categories: Economics

VIDEO: Chris on Good Morning Peru

Chris Martenson - October 27, 2014 - 09:10

Chris and I landed in Peru late last night, and just a few short hours later, Chris joined the cast of 
"Good Morning Peru" to talk about the changes the Three Es are bringing to all countries around the globe:

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Categories: Economics

Daily Digest 10/27 - The Decline Of CA Agriculture, How China And Gold Will Shape The Future

Chris Martenson - October 27, 2014 - 07:40
  • The Zombie System: How Capitalism Has Gone Off the Rails
  • How China And Gold Will Shape The Future
  • An American Dream Deferred
  • Nurse Held in Ebola Quarantine Will Be Allowed to Go Home, Christie Says
  • Under Pressure, Cuomo Says Ebola Quarantines Can Be Spent at Home
  • Saudi Arabia: Producing More Crude, Selling Less?
  • Deflation in the euro zone is all too close and extremely dangerous
  • The Decline of California Agriculture Has Begun

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Categories: Economics

Can New Work Really Work?

Shareable Magazine - October 27, 2014 - 07:19

On a recent Monday morning at 9 a.m., when most of America was heading to the office, a bookish, unassuming, middle-aged man named Blair Evans gave a talk about the work he’s been doing in Detroit. Work that, if manifested in the way he and his team are planning, has the ability to profoundly change Detroit, and the world.

Categories: Economics

Economics As If Future Generations Mattered

Shareable Magazine - October 27, 2014 - 06:56

Photo credit: Cia de Foto. Cross-posted from On the Commons, authored by Kaitlin Butler and Carolyn Raffensperger.

Categories: Economics

How Municipalities Can (and Should) Support the Solidarity Economy

Shareable Magazine - October 27, 2014 - 06:35

The Social and Solidarity Economy (SSE) is a multi-faceted alternative to traditional capitalism made up of coops, sustainability initiatives, gift economics, community organizations, fair trade projects and more. Around the world, there is a strong and growing solidarity movement, but in order for SSE initiatives to thrive, they need support.

Categories: Economics

Off the Cuff: The War On Savers

Chris Martenson - October 26, 2014 - 10:58

In this week's Off the Cuff podcast, Chris and John Rubino discuss:

  • The State of Silver
    • Notes from this year's Silver Summit
  • The War On Savers
    • Further exploration of the Fed's 'financial repression'
  • The Inevitable Market Crash
    • More predictable than ever
  • The Broken American Dream
    • Out of the reach for most now

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Categories: Economics

Daily Digest 10/26 - Institutional Fish Ate Your Pension Plan, Paying Till It Hurts

Chris Martenson - October 26, 2014 - 07:49
  • Institutional Fish Ate Your Pension Plan
  • No court hearings for civil cases 
  • As Insurers Try to Limit Costs, Providers Hit Patients With More Separate Fees
  • Off-grid German village banks on wind, sun, pig manure
  • Finland keen to tie-up with India in cleantech, ICT, education

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Categories: Economics

NASA: Revisiting Our Vulnerabiity To Solar Flares

Chris Martenson - October 25, 2014 - 14:10

Dr Guhathakurta returns to the podcast this week to discuss a large-scale solar flare that nearly hit Earth back in July of 2012 (a direct hit missed us by about 1 week), as well as to discuss the strengths and weaknesses of the warning system we have in place to alert us to such dangers, and the continuing vulnerability our system have to such an event.

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Categories: Economics

Daily Digest 10/25 - Planet Zoo, Sick Honeybees May Be Nursed By Doctors

Chris Martenson - October 25, 2014 - 07:16
  • Combating a Flood of Early 401(k) Withdrawals
  • New Ebola Quarantine Protocol Seen as Barrier to Volunteers
  • Egon von Greyerz: A Swiss Gold Referendum YES Vote Will Be a Trendsetter for Central Banks
  • Cohan: Fed Is Somewhat Deranged, QE Worsened Inequality
  • Planet Zoo
  • I Can Eat It
  • Sick Honeybees May Be Nursed By Doctors
  • 8 Impossible Choices People Who Can't Afford Food Make Every Day

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Categories: Economics

Energy Economics - Crash Course Chapter 19

Chris Martenson - October 24, 2014 - 15:45

The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.

But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.

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Categories: Economics

Own the Change: Building Economic Democracy One Worker Co-op at a Time

"We moved from land ownership to home ownership, and it's time we move to workplace ownership."

While many companies were cutting jobs during the recession, worker owned co-ops were growing and hiring employees. Not only do workers own a part of the business, but they are involved in decisions, and share responsibilities.

This video, a trailer from a collaboration between GRITtv and the Toolbox for Education and Social Action, highlights the difficulties in developing a worker owned co-op, but those difficulties do not outweigh the benefits. A community develops in the workplace where co-op members support one another.

Read more:

Categories: Economics