SA weathers storm, but food prices still set to double by 2030 Traditionally the cost of staple foods has gradually inflated over time, and future cost scenarios have taken this approach. But a report released by Oxfam today has factored in the rapid changes in price that come about due to climate-related crop failures. Their most conservative scenarios see food prices doubling by 2030. Electricity from the sun and the wind Major Objectives To reduce the economic and institutional barriers between people and sustainable housing. To begin reversing the overall negative effect that conventional housing has on the planet.
China, technology and the U.S. middle class President Barack Obama’s State of the Union speech this week confirmed it: The pre-eminent political and economic challenge in the industrialized democracies is how to make capitalism work for the middle class. There is nothing mysterious about that. The most important fact about the United States in this century is that middle-class incomes are stagnating. The financial crisis has revealed an equally stark structural problem in much of Europe. Even in a relatively prosperous age — for all of today’s woes, we have left behind the dark, satanic mills and workhouses of the 19th century — this decline of the middle class is more than an economic issue. It is also a political one.
Growth outlook bleak for SA Schussler said that, because South Africa's major trading partner, the EU, is under economic stress, some of its members have reduced their imports from this country. There was little doubt, he said, that the effects of the austerity measures Greece and Spain, among others, were enduring would soon be felt in South Africa. He said creating conditions conducive to entrepreneurship was something the government should do now. In the long term, it should remedy the ailing education system. Those who hope that new markets for their products will open up in China, India, Brazil and Russia should lower their expectations because the Brics members are also facing economic challenges, he said. The effects of the eurozone debt crisis were lasting longer than had been expected, he said, and might take years to be extinguished.
10 Signs We Live in a False Economy It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed. New Car Engine Sends Shock Waves Through Auto Industry Despite shifting into higher gear within the consumer's green conscience, hybrid vehicles are still tethered to the gas pump via a fuel-thirsty 100-year-old invention: the internal combustion engine. However, researchers at Michigan State University have built a prototype gasoline engine that requires no transmission, crankshaft, pistons, valves, fuel compression, cooling systems or fluids. Their so-called Wave Disk Generator could greatly improve the efficiency of gas-electric hybrid automobiles and potentially decrease auto emissions up to 90 percent when compared with conventional combustion engines. The engine has a rotor that's equipped with wave-like channels that trap and mix oxygen and fuel as the rotor spins. These central inlets are blocked off, building pressure within the chamber, causing a shock wave that ignites the compressed air and fuel to transmit energy. The Wave Disk Generator uses 60 percent of its fuel for propulsion; standard car engines use just 15 percent.
Global Wealth Distribution As we have discussed, from 1979 to 2007, inflation-adjusted incomes of the top 1 percent of households increased significantly versus the rest of the wage earners (i.e., the remaining 99%). Those even better off, the top 0.1 percent (the top one one-thousandth of households), saw their incomes grow 390%. In contrast, incomes for the bottom 90 percent grew just 5 percent between 1979 and 2007. All of that income growth, however, occurred in the unusually strong growth period from 1997 to 2000, which was followed by a fall in income from 2000 to 2007. Is this wealth concentration a global phenomena, or is it a US centric? Lets go to the global data, via Credit Suisse Research Institute’s Global Wealth Databook:
Social production as a new source of economic value creation Image by opensource.com In this short TED video clip, Yochai Benkler provides a useful framing of what he terms “social production.” In the past, Benkler argues, prominent transactional frameworks for exchange were largely categorized as follows: 'How on Earth?' - A Book for a New Economy Thanks to incredible generosity and support, we made our goal! If you've only just discovered this project and would like to contribute and/or grab a copy of the book, please visit: and/or contact us via: email@example.com We're happy to honour any of the listed 'perks'.
Car that runs on nothing but water unveiled in Japan. No gasoline, no battery recharging and no emissions. “All that is necessary for the triumph of evil is for good men to do nothing." ~ Edmund Burke Bill Clinton announced what it represented in his State of the Union Address Jan 27, 2000 ~ “It is a Rising Sun!” The Eye of Horus. A satanic Illuminati (enlightened) symbol for resurrection. Depicts pagans worshiping the Sun. The Sun was first worshiped in ancient Egypt as Horus (Lucifer), then as Ra and later as Amun-Ra. The Hidden Prosperity of the Poor A concept promulgated by the right — the notion of the hidden prosperity of the poor — underpins the conservative take on the ongoing debate over rising inequality. The political right uses this concept to undermine the argument made by liberals that the increasingly unequal distribution of income poses a danger to the social fabric as well as to the American economy. President Obama forcefully articulated the case from the left in an address on Dec. 6, 2011 at Osawatomie High School in Kansas: This kind of gaping inequality gives lie to the promise that’s at the very heart of America: that this is a place where you can make it if you try. We tell people — we tell our kids — that in this country, even if you’re born with nothing, work hard and you can get into the middle class. We tell them that your children will have a chance to do even better than you do.
Global systemic crisis/October 2012 -The global economy sucked into a black hole and world geopolitics heated to white-hot: The seven key factors of an unprecedented double shock As LEAP/E2020 anticipated since the end of 2011, the end of summer 2012 marks the beginning of the revival for Euroland with the emergence of a positive dynamic fed by two lasting phenomena: first, the progressive operational installation of the instruments bitterly discussed and decided upon during the last 18 months and, secondly, the visionary spark brought by the political changes of the last six months which have put Euroland’s medium to long term future back in the middle of the decision-making process. The Euro’s progress these past weeks offers a perfect illustration of the phenomenon (1). That being said, Europe will be in recession for the next six to twelve months. It just goes to show that the only good news that we announced in the June 2012 GEAB issue is far from being miraculous. In a certain sense, it’s even the contrary, since henceforth it’s no longer possible to hide the global economy’s tragic state behind the pretext of the “Euro or Greek crisis”.
We’re More Unequal Than You Think by Andrew Hacker The Spirit Level: Why Greater Equality Makes Societies Stronger by Richard Wilkinson and Kate Pickett Bloomsbury, 331 pp., $28.00; $18.00 (paper) The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank