Yanis Varoufakis provided the English translation of a new interview with James Galbraith published in Suddeutsche Zeitung. Galbraith focuses on institutional arrangements, the need for restructuring and reform, and constraints on growth.
Read more...The Fukushima nuclear plant crisis continues unresolved in a bad way.
Read more...Yves here. This post is yet another reminder of how most companies’ first line of defense when they have engaged in seriously bad conduct is to lie, no matter how flagrant the lie is. Recall during British Petroleum’s Deepwater Horizon crisis when the oil producer repeatedly and grossly misrepresented the flow rate from its out-of-control well.
Read more...Yves here. This post illustrates yet another sign of decay among the ruling classes: that of not even bothering to go through the motions of following stipulated political and regulatory processes.
Read more...Yves here. Chris Hedges opens a new series on Real News Network by discussing how dire our current situation is, particularly from an ecological perspective, and the reluctance to acknowledge it and take corrective measures.
Read more...Econ4, a group of heterodox economists, has released a short video and a statement on the “new economy” which they define as more sustainable and equitable forms of organizing “productive” activity and the resources that support them.
Read more...Obama has unfortunately been backed by a segment of the environmental and policy community that believes or wants desperately to believe that fracked natural gas is cleaner and otherwise preferable to coal. But it’s already too late for this and other “carbon gradualist” strategies to be viable.
Read more...In the wake of renewed interest in the Keystone Pipeline project and the likelihood that Obama will eagerly approve it unless we stop him, there’s a lot of interest in what actually flows through those pipes.
Read more...Yves here. This post is a workmanlike compilation of trends in the driving habits of Americans. Some of the data shows that use of public transportation has been rising faster than population growth…yet budget stresses mean those services are regularly targeted for fare increases and schedule cutbacks.
Read more...Average national income is a notoriously imperfect measure of the average person’s well-being.
Read more...There’s speculation on whether we are being prepped for a Yes to Keystone.
Me? I think we’re being set up for a Yes, but I’ve thought that since the subject came up. If the baby keeps grabbing for the candy, you have to conclude s/he wants it. Same with this.
Read more...Yves here. As China has become more powerful economically, and is building up its navy (a substantial navy is a precondition of being a true superpower), some pundits have taken to anticipating a world where US cedes dominance to China over a protracted and likely unstable transition period, using the decline of the British Empire and the rise of American influence as a guide.
That’s unlikely to be the right frame of reference.
Read more...If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger, and author of Rising Powers, Shrinking Planet: The New Geopolitics of Energy (Metropolitan Books, 2008). As risk multiply, conventional sources evaporate and we are left with “extreme” energy, renewables may be the only way to avoid war and disaster.
Read more...Civilization requires agriculture, which is dependent on a few sensitive species to produce a surplus of food for masses of people with comparatively lower levels of labor or mechanical work. If we make the climate inhospitable to these species, as well as to ourselves, via fossil fuel use and degradation of the carbon buffering capacity of the environment, we will make it vanishingly likely that our own success as a species will continue.
Read more...The “March Against Monsanto” in 52 countries, an unapproved strain of its genetically modified wheat growing profusely in Oregon, cancelled wheat export orders…. A rough week for Monsanto. Now it threw in the towel in Europe where its deep pockets and mastery of lobbying had failed: “It’s counterproductive to fight against windmills,” it explained.
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