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How would a green recovery help your state?
My post on the Bush bailout for the financial sector mentioned the “Green Recovery” report recently released by the Center for American Progress and Dr. Robert Pollin from the University of Massachusetts Political Economy Research Institute. Here’s a little more detail: The report looks at how a $100 billion strategic investment can generate 2 million […]
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The financial sector and the ‘real economy’ aren’t that far removed
Sean has done an estimable job knocking down some of the more piqued reactions to the financial bailout in comments, but this really is a topic that deserves above-the-fold treatment. The crisis raises a host of big-picture questions about the proper role of oversight in the financial industry, but wherever the blame for the current […]
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Chrysler, Mazda, Hyundai, and Nissan announce plug-in hybrids — but not Honda
The number of companies planning plug-in hybrids is growing steadily. Some recent announcements can be found here. Calcars maintains an excellent update on “How carmakers are responding to the plug-in hybrid opportunity.” As for Honda, last year, The Wall Street Journal reported: Honda Motor Co. Chief Executive Takeo Fukui said so-called plug-in hybrid gasoline-electric vehicles […]
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Production and ecosystems are more important than the financial sector
Over the past eight years or so, the so-called “masters of the universe” in the financial sector seem to have swallowed their own hype. Arguing that money equals wealth and the freer the market the better, they have led the charge to offshore our manufacturing base while hopping on the biggest bubble in history, the […]
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Chevy Volt not so revolutionary
For those of you who missed it, GM Vice Chairman Bob Lutz hit the talk show circuit last week to talk up the latest incarnation of the Chevy Volt (more on his boneheaded climate change comments here and here). The marketing goal is to create the public perception that the Volt is an electric car […]
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Friends of the Earth says anti-regulation approach causes environmental destruction
Friends of the Earth issued a statement today arguing against the Bush administration’s proposed $700 billion bailout of the troubled U.S. financial system. “This financial crisis has exposed the right wing’s anti-regulation philosophy as an abject failure,” said Friends of the Earth President Brent Blackwelder. “This hands-off approach to managing the economy has resulted in […]
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Failing to address climate change could hurt industry, report finds
Failing to address climate change could significantly hurt many industries in the world economy that are together worth around $7 trillion, according to a report by the United Kingdom’s Carbon Trust. The report examined six different sectors of the world economy — aluminum, automotive, building materials, consumer electronics, oil and gas, and, uh … brewing […]
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GM flack jumps into Huffington Post fray to defend exec’s climate-change skepticism
We posted last week about GM Vice Chair Bob Lutz expressing a little climate-change skepticism on The Colbert Report. Josh Nelson wrote about it as well over on Huffington Post, and thus began an online conversation with GM’s director of news relations, Tom Wilkinson, who defended both Lutz and the company’s environmental policies. “There is […]
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Is the financial crisis more dire than the climate crisis?
Not even close. If there’s no action before 2012, that’s too late. What we do in the next two to three years will determine our future. This is the defining moment. So warned IPCC head Rajendra Pachauri last fall when the IPCC released its major multi-year report synthesizing our understanding of climate science. And remember, […]
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Ramblings on the financial crisis
Based on my own extensive analysis of the ongoing financial crisis, I’ve come to the following conclusions: Nobody clearly understands how we got in this situation. Nobody clearly understands what situation we are in. Nobody clearly understands what’s going to happen next. Despite all this, every single human being with access to a keyboard and […]
