The Euro continues to wobble and induce fear. But what if there were a creative monetary policy solution to stabilize it?
Archives for November 2012
The homemade U.S. crisis known as the “fiscal cliff” throws into stark relief the fact that the U.S. can’t fix its economy and fix its budget deficits at once because fixing the economy requires more government spending, and fixing the budget requires less spending. Cutting spending too much too soon could tip the U.S. back […]
Academy Fellow Jerry B. Brown was a co-coordinator of Cesar Chavez’ national grape boycott in the 1960’s. A new book sheds light on the campaign.
France has said “no” to fracking, the controversial production of natural gas through hydraulic fracturing. The process entails injecting large volumes of toxic chemicals deep into the ground, threatening and contaminating groundwater supplies. The anti-fracking movement is also gaining ground in the U.S. In a sharp turnaround, New York Governor Andrew Cuomo has just announced […]
A new report by the Department of Energy on hydrogen and fuel cells shows how fast the hydrogen economy is taking off: “Global sales of fuel cells, which use a chemical process to draw power from hydrogen, have more than tripled since 2008 to about 74 megawatts last year.” “New, independent studies highlighted the key […]
It’s been a year of record-breaking numbers, whether the number of heat records or other extreme weather events or the rate of Arctic ice melting. Bill McKibben’s article in Rolling Stone this August, “Global Warming’s Terrifying New Math” explains the three numbers that matter most and their repercussions. The short version is on the 350.org […]
America the Possible: Manifesto for a New Economy, the new book by the esteemed environmentalist Gus Speth, contains a message of hope and a pathway to remaking our broken political and economic systems and solving our diverse challenges, from poverty, unemployment, and income inequality to climate change. “Things are much too bad for pessimism,” he […]
In Academy Fellow Hazel Henderson’s book review of Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System, by Scott Patterson, she writes that the book “explores the colorful inner workings” of high-frequency trading “through a cast of improbable characters: the traders, programming geniuses, eccentric electronic market-makers, aggressive ‘algo-warriors,’ high-rollers and […]
The fragmentation of the stock market and high-speed computerized trading have transformed the market into a “playground of Google – esque algorithms, powerful banks and secretive, fast-money trading firms.” You don’t want your 401(k) playing here. Gone are the days when human traders called the shots from the floor of the N.Y. Stock Exchange and […]