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AGelbert

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Re: Money
« Reply #120 on: June 24, 2016, 08:13:08 pm »
For those, like Ashvin, who find any relationship between BREXIT and the fossil fuel industry plans to Frack the hell out of the UK as "isolated" baloney from people who are "out of touch" with, you know, the "real world"  ;D, please ignore the quote furher below.

I'm sure it is a silly bit of irrelevant cherry picking by hopelessly "doomer" minded folks whose only goal in life is to push "despair"...

Quote
Many climate and energy experts, including Christiana Figures, had been outspoken about the potential danger for EU and UK climate policy if the UK were to leave.

Without the UK involved, it is unlikely that the EU would revise up its current 40% emissions reduction target, experts say.

The ‘leave’ vote and change in government also raises uncertainty about domestic policies.

Craig Bennett, head of Friends of the Earth, said the leave vote was a “red alert” for the environment.

 (News: Politico Pro $, Grist, New Statesman, Reuters, Wall Street Journal $. Commentary: The Guardian, Damian Carrington column; Climate Home, Ed King column; Politico, Sara Stefani column; BusinessGreen, James Murray column; Carbon Pulse analysis $; Climate Home, Robin Webster op-ed)

As you can see, anyone claiming the above most be a "wild eyed conspiracy theorist" and/or a mentally ill chap lacking the proper perspective on da woid...

Or perhaps anyone claiming BREXIT has nothing to do with energy policies and pollution plans are just full of s h i t.




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AGelbert

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Re: Money
« Reply #121 on: June 25, 2016, 04:49:15 pm »
Video of Bulk carrier MV Baroque transiting the Panama Canal’s new Atlantic-facing Agua Clara locks from a pilot’s perspective

Quote
Great time-lapse video showing a trial transit of the Panama Canal’s new Atlantic-facing Agua Clara locks from a pilot’s perspective. The vessel is the MV Baroque, a bulk carrier measuring 255m long by 43m in beam, which has been chartered specifically for training purposes in the lead up to the inauguration of the expanded Panama Canal this Sunday.

For southbound transits of the new Agua Clara locks, when entering canal waters vessels will be boarded by two Panama Canal pilots, while two tugboats will be secured to the bow and stern to assist in the approach and full transit of the locks. Two additional tugs will assist on the arrival and entrance to the locks, but will be released before the transit begins.

https://gcaptain.com/time-lapse-onboard-mv-baroque-during-trial-transit-of-expanded-panama-canal-locks/

Agelbert NOTE: To avoid getting dizzy, start at the 57 second mark.  8)


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AGelbert

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Re: Money
« Reply #122 on: July 05, 2016, 05:40:06 pm »
 

DENIER ROUNDUP July 5, 2016

Quote
Fossil Fuel Industry in Denial on Divestment

 
Fossil fueler enjoys his morning coffee

From Brexit’s impact on stocks to the Koch brothers’ campaign expenditures, money is, as usual, a hot topic. Who’s spending how much on what can give important insights into their priorities.

 One such example is the divest/invest movement, which advocates for institutional investors like pension funds or universities to sell their holdings in fossil fuel companies and instead invest in clean alternatives. For the first few years, as the campaign found few wins and rarely reached past college campuses, the industry largely ignored them.

But a new story in ClimateWire suggests that the recent successes (U Maryland just last week) have the fossil fuel industry worried.   

Chloe Maximin of Divest Harvard likens it to the stages of grief, with the industry first in denial about the potential success of the campaign, then anger, and now bargaining.  ;D

Organizing panels, writing op-eds, commissioning multiple surveys and setting up the website DivestmentFacts.com   , the fossil fuel industry seems to be taking the divestment campaign pretty seriously. And for good reason, as the list of divesting institutions has grown to encompass a total value of  $3.4 trillion dollars and numerous high-profile divesters.

The main repository of industry pushback is DivestmentFacts.com, which endeavors to “educate” the public about the facts of divestment...as told by the Independent Petroleum Association of America   .

Given that their similar project to defend fracking, Energy in Depth, is not only funded by Big Oil, but also guilty of relying on shoddy pseudo-science, it’s unlikely anyone legitimate will take its claims seriously. But the fact that they’ve gone to the trouble of setting up a website demonstrates that they’re growing increasingly worried by the movement’s successes.

And there are good reasons for those divestment wins that have nothing at all to do with the environment. On a purely economic level, divestment makes sense, from avoiding future stranded assets and presently-bankrupt coal companies, to simple metrics of market performance.

For example, a 2015 analysis found that those who divested from fossil fuels in 2010 would be outperforming those still invested in 2015. A 2016 analysis found that New York’s pension system would have had an additional $5.3 billion had it divested in 2012, translating to $4,500 for each pensioner.

Funny enough, neither of those two facts appear anywhere on DivestmentFacts.com. Perhaps they haven’t moved out of the denial stage after all, and have instead opted to divest from facts altogether.


Agelbert Note: It's not that the fossil fuelers divest from facts altogether; it's that they cherry pick the ones that suit them and discard the ones that expose their profit over people and planet "business model" as a fraud.

 


 
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AGelbert

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Re: Money
« Reply #123 on: July 20, 2016, 04:02:22 pm »
"We have lost. It's not like we are losing, we have lost that generation."

The future of the Republican Party is "screwed," as one delegate put it after being informed by GOP pollster Frank Luntz that conservatives have "lost" an entire generation of voters.

The comments were overheard by a reporter for the The Hill during a breakfast event Tuesday for the South Carolina delegation to the Republican National Convention (RNC), which is being held this week in Cleveland, Ohio.

"We have lost. It's not like we are losing, we have lost that generation. And I don't care if you are a Democrat, Republican, independent, none of the above. The fact that 58 percent [of millennials] say socialism is the better form of economics, that is the damage of academia," Luntz reportedly said.

Rather than contemplate how a party that has systematically dismantled the rights of women and minorities, and refuses to acknowledge the reality of climate change, is waning in popularity, the prominent conservative pollster blamed the loss on brainwashing by liberal educators.

"The No. 1 priority to me is what happens at universities. And yes, Capitol Hill matters, yes politics matter, but a whole generation is being taught by professors who voted for Bernie Sanders," he continued. "That's a problem that begs for a solution."

Luntz is correct in one regard. Youth voters overwhelmingly flocked to Sanders during his bid for the Democratic nomination, throwing their support behind his platform of free college education, expanded social security, healthcare for all, and a swift transition to renewable energy, among other measures. Even after endorsing frontrunner Hillary Clinton, polls continued to show his support runs deep among millennial voters.

During his talk, Luntz reportedly jabbed Sanders' campaign promises, joking to the delegates: "My goal was to be the secretary of agriculture in the Sanders administration because I wanted to be the one to plant those magic trees that free stuff grows from."

In a May op-ed entitled "Why Millennials Love Bernie Sanders," The Young Turks' Cenk Uygur helped break down young people's fascination with the senator from Vermont. "Millennials are also a massively progressive generation," he wrote. "Sanders is as progressive as they are, but not because he crafted a slick political message to appeal to the younger generation. It's because he is a true progressive who believed in these principles even when they were horribly out of fashion. He fought for them not out of expediency but out of conviction. That’s the thing about authenticity—you can't fake it."

"Are we seriously asking why young people don't like the contrived politicians who are awash in donor money, privilege, and connections?" Uygur continued. "The problem in our politics today isn’t the younger generation. The problem is what the older generations have grown accustomed to and now meekly accept as fact."

Indeed, as one delegate reportedly "muttered under his breath" as Luntz spoke on Tuesday: "We're screwed."

http://www.commondreams.org/news/2016/07/19/were-screwed-gop-pollster-laments-losing-millennial-voters-socialism-and-sanders

"The No. 1 priority to me is what happens at universities. And yes, Capitol Hill matters, yes politics matter, but a whole generation is being taught by professors who voted for Bernie Sanders," he continued. "That's a problem that begs for a solution."

They could hire Turkish President Erdogan as a special consultant.

"We have lost. It's not like we are losing, we have lost that generation. And I don't care if you are a Democrat, Republican, independent, none of the above. The fact that 58 percent [of millennials] say socialism is the better form of economics, that is the damage of academia," Luntz reportedly said.

Wait until the hispanic demographic tide finally starts coming in. They're just now figuring out they can vote for the entitlements they've always just taken for granted heretofore. They are socialists-in-training who just need to have their consciousness raised.

Don't get me wrong. I'd much prefer a functional social democracy to a Republican robber baron feudal state...but the fact is there isn't enough money and energy left to make it work. Too many people being born, not enough working. The math does not work. Sorry.



"The fact that 58 percent [of millennials] say socialism is the better form of economics, that is the damage of academia," Luntz reportedly said."

It couldn't have anything to do with the fact they have huge student loans to pay off and no job opportunities except as Starbucks Barristas, could it?  What a putz.


Socialism is the only thing that can equitably cut up a shrinking pie.  All the assets of the rich need to be confiscated and then redistributed across the whole population.  Then the medical and pharmaceutical companies need to be nationalized, and only basic medical care provided to everybody.  Then you use supercomputers to determine the total productivity in food production and everyone gets paid the same salary with which to pay for food, clothing and shelter, or you can use ration coupons for this instead.

All able bodied people are required to work.  If you don't have another necessary skill, your main job is in food production, planting urban gardens, feeding pigs and chickens, working in aquaculture plants etc.  All people regardless of job category are required to work for 1 month out of the year in unpleasant "scut work" jobs of the society like trash collection and humanure collection and processing.

Everyone except the current poorest of the poor will have a lower standard of living than they do now.  However, because the wealth of the society is evenly distributed, there will be much less violence, at least as long as everyone has enough to eat.  When there isn't enough food being produced for everyone, then you will see violence again unless you can get some kind of voluntary euthanasia plan going where old people and cripples volunteer to go to the Great Beyond.

RE

Singer daughter's husband put himself through school, graduated three years ago now, with a BA in Music. He grew up in a single mom household and had exactly zero help with college costs.

Last week,he paid off the last of his loans, years ahead of schedule. It is true they lived in my house for a year or so, but they've been paying apartment rent in an expensive rental market for close to two years. He also invested money in a high quality musical instrument, which required him to take on an additional 25k debt. I co-signed, knowing it made sense because the bass was a business asset that made him money. He paid it off long ago.

How? They both work, have no kids, and they made it their number one priority. Now they are saving money, which they will spend while they live in NYC for a couple of years, polishing their musical chops with mentors and coaches (not college) and....working. I expect they'll have the time of their lives.

I have to take all the whining by people who turned themselves into debt serfs over college loans with a grain of salt.

What does this have to do with socialism as a choice for the majority in the millenial generation? ???     

Besides that, you can always find individual success stories of Horatio Algers.  What you need to do though is to look at aggregate statistics, not the occasional success story of kids with parents with big McMansions they can live in while paying off their student loans.

Aggregate stats tell us there are $2T in student loans out there, and the main new jobz being created come as bartenders and waitresses.  As you mentioned earlier, these numbers just don't work out.  Sorry.

RE

Everything that RE just said about socialism is logical, accurate and sound.

As usual Eddie calls up the MKing style adjectives (i.e. whining, lazy students wanting a "free lunch", etc. ad nauseum) while lamenting the inequalities of the system out of the other side of his mouth.

And that "sorry, there isn't enough money" bit of empathy defect disordered (and derisively mocking - i.e. I've got mine - f u c k you if you didn't "work" hard enough to get yours) sniping is TYPICAL of a defender of GREED.

Maybe you thought that was cute. Maybe you thought that was humorous and got a chuckle out of writing it. I'm sure MKing would have chuckled for sure.

YOU have this F U C K E D UP IDEA that our Capitalist Profit over People and Planet system is the "best of all possible worlds". It never was. It was always about THEFT of other people's rights and freedoms disguised as "hard work and responsible behavior" for the express purpose of accumulating wealth in the hands of a few at the expense of the many.

I'm NOT sorry, Eddie. Your talking points are tired, as well as tawdry, excuses for logic and reason that the MKings of this world consistently and repeatedly come up with to justify their GREED. 

I know that you could care less what I say.

But you will be proven wrong and RE will be proven right.  Maybe when you have to try to fix your own teeth and a fellow dentist won't touch your mouth for less than $10,000 for the "comprehensive evaluation requiring a full set of x-rays and a four session deep scale root planing", you will begin to understand the value of socialism.

But I doubt it.  :(

“Two centuries ago, a former European colony decided to catch up with Europe. It succeeded so well that the United States of America became a monster, in which the taints, the sickness and the inhumanity of Europe have grown to appalling dimensions”  ― Frantz Fanon, The Wretched of the Earth

'We as a nation must undergo a radical revolution of values… when machines and computers, profit motives and property rights, are considered more important than people, the giant triplets of racism, materialism and militarism are incapable of being conquered.” -- Martin Luther King, Jr. April 4, 1967

There is little a man can do to alter the fact that his special talents are very common or exceedingly rare. A good mind or a fine voice, a beautiful face or a skilful hand, a ready wit or an attractive personality are in a large measure as independent of a person’s efforts as the opportunities or the experiences he has had. In all these instances the value which a person’s capacities or services have for us and for which he is recompensed has little relation to anything that we can call moral merit or “deserts.”  -- F. A. Hayek


“But you can't make people listen. They have to come round in their own time, wondering what happened and why the world blew up around them. It can't last.” -- Ray Bradbury
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AGelbert

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Re: Money
« Reply #124 on: August 05, 2016, 04:09:08 pm »
Does Sinking Shipping Market Mean End for Ultra-Large Newbuild Orders? ??? 

August 3, 2016 by The Loadstar

By Mike Wackett

(The Loadstar) — As ocean carriers reel from a disastrous first half this year, they seem to have lost their appetite for ordering ultra-large container vessels (ULCVs).

(Agelbert NOTE: Graphic added for clarity - "teu" ALSO means Twenty Foot Equivalent)

According to Alphaliner, interest in large containerships of above 9,000 teu “has largely vanished” from shipyards.

Poor market conditions
have already forced several owners to delay the delivery of vessels, the consultant said, noting that about a dozen completed newbuildings “have not yet been commissioned”.

They include five 11,010 teu[/i][/color] ships built by Hanjin’s Philippines Shipyard at Subic Bay, running about 10 months late on delivery as owner Costamare has struggled to secure their long-term employment.

Meanwhile, the world’s biggest containership lessor, Seaspan, has been obliged to significantly delay the October delivery of four 10,000 teu ships under construction at China’s Yangzijiang Shipyard until next year. And CEO Gerry Wang indicated last week, during the company’s interim results presentation, that Seaspan may request further deferrals, into 2018, if charters were not forthcoming.

Alphaliner suggests it could take up to three years for the market to absorb the current containership orderbook, which stands at 3.48m teu.

For the existing fleet, the charter market remains at historically low levels as the capacity oversupply continues, despite the onset of the summer peak season, and a record number of ships having been sold for scrap so far this year.

Alphaliner said the market for classic panamax (4,000-5,100 teu) ships was “getting worse by the day”, with a new record of 75 vessels currently seeking employment, up from 60 that were idle two weeks ago.

The acceleration in the flow of redeliveries of panamax vessels has increased in recent weeks with the upsizing of many Asia-US east coast ships transiting the expanded Panama Canal.

Flexible options, free positioning and hire rates barely above $5,000 a day make grim reading for owners – that is if they can even fix their ships – forcing them into scrapping vessels barely halfway through their expected working lives and that only 18 months ago were able to command daily hire rates of $17,000 or more.

The only bright spots for owners are in the smaller, 2,500, 1,700 and 1,000 teu, sectors, where demand remains reasonable and daily hire rates now exceed those of their bigger sisters.

Meanwhile, the recent negotiations between Hyundai Merchant Marine (HMM) and shipowners provides an insight into the collapse of the containership charter market over the past five years.

After several rounds of tough negotiations, the carrier has agreed deals with most of the owners of its chartered-in containerships to obtain a 20% reduction in charter hire for three-and-a-half years in exchange for equity in a restructured HMM.

In one example, revealed this week, HMM succeeded in cutting the charter hire on five wide-beamed 5,023 teu vessels, supplied by Athens-based Capital Product Partners, to $23,480 a day, from the $29,350 agreed in 2011.

The Loadstar is fast becoming known at the highest levels of logistics and supply chain management as one of the best sources of influential analysis and commentary.

Check them out at TheLoadstar.co.uk, or find them on Facebook and Twitter.


https://gcaptain.com/does-sinking-shipping-market-mean-end-for-ultra-large-newbuild-orders/
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AGelbert

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Re: Money
« Reply #125 on: August 22, 2016, 09:28:02 pm »
An interesting (straw grasping) defense of greedism by a Professor of Economics 

Quote
If all wealthy people acquired their wealth by exploiting others, then whom did J.K. Rowling exploit?

Alex Tabarrok, Professor of Economics, George Mason University
20.2k Views • Upvoted by Joseph Philleo, 2nd Place at National Economics Challenge... Thrice • Yair Livne, Econ PhD from Stanford GSB • Jake Meyer, Claremont Econ Phd Student, International Money and Finance/Global Political Economy

Alex is a Most Viewed Writer in Economic Inequality.


Whom did J.K. Rowling exploit? The question raises fundamental issues of justice. In a famous section of his book, Anarchy, State, and Utopia, the philosopher Robert Nozick challenged egalitarian and other accounts of distributive justice with the Wilt Chamberlain thought experiment. Since Wilt is no longer quite such a public figure as he once was I prefer to use the JK Rowling thought experiment, although the logic of the argument is the same.

Imagine, Nozick says, a perfectly just distribution of wealth. "Just," by whatever standard you choose. Call this distribution D1. Now let us imagine that JK Rowling writes a book and offers this book to anyone willing to pay her $5. Millions of people do in fact pay her $5 for the pleasure of reading her book and as a result JK Rowling becomes very rich.

After JK Rowling writes and sells her book the distribution of wealth is no longer the same as it began. We have moved from D1 to D2. According to the initial assumption D1 was perfectly just so D2 cannot be perfectly just. Yet at what step of the process did an injustice occur? We began with a just distribution and every transaction was voluntary and informed and indeed every transaction made both the buyer and the seller better off. Thus, no one has cause to complain about D2. Even though D2 differs from D1 and involves a lot of inequality it must be a just distribution because it was arrived at by just transactions.

Since Rowling acquired her wealth through a just process, Nozick argues that JK Rowling is entitled to her wealth. Indeed, Nozick argues that all non-entitlement theories of justice must be false. That is, any theory of justice which attempts to establish a pattern (everyone equal is an obvious pattern but remember D1 could have been any pattern) is false because it is clear from the Rowling example that any such pattern could be upset by a set of transactions which itself are just. Thus, Nozick argues that any distribution is just so long as it is arrived at by just means--this is the entitlement theory of justice.

Nozick's argument shows that capitalism does have a theory of social justice, namely the entitlement theory.

See the Internet Encyclopedia of Philosophy for a longer account of Nozick and his arguments.

Agelbert COMMENT:


" Thus, Nozick argues that any distribution is just so long as it is arrived at by just means--this is the entitlement theory of justice."

The problem is that the definition of "Just means" has been perverted by the unethical capitalist calculus that claims that profit justifies the externalization of costs (e.g. pollution, bailouts, subsidies, etc.) through the corruption of the legal system and the selective enforcement of laws.
 
It is an obscenity to claim a system that provides harsher penalties for grand larceny than for R A P E, while simultaneously providing "subsidies" to polluting industries and bailouts by we-the-people for bankers that defrauded countries of billions, is "Just".
 
Rowling's wealth is an outlier that is statistically insignificant in the overall elite duplicity that claims capitalism does not fleece the poor and middle class on behalf of the empathy deficit disordered elite who are continuously gaming the system and the laws.
 
Honoré Balzac, surveying the rise of the respectable bourgeois in France, pointed out their dubious origins: “Behind every great fortune is a great crime.”
 
The above generalization continues to be valid in most cases.

https://www.quora.com/If-all-wealthy-people-acquired-their-wealth-by-exploiting-others-then-whom-did-J-K-Rowling-exploit
I have a question for Nozick: the paper for those millions of JK Rowling books, did the trees consent to being cut down and made into that paper?
      

The amazing ability of these prevaricating and duplicitous credentialed 'people' like Nozik to redefine basic terms like '"just" in order to create their cherry picked defense of greed is another manifestation of evil. Nozik doesn't give a damn about what is right and what is wrong because he HAS NO CONCEPT of right and wrong outside of  'poor = wrong' and 'rich = right'. IOW, it is 'ethical' to be rich for this Nozik greedball. 

THIS is the relativist NON-position that these liars bask in so as to defend abhorrent and unethical behavior with some innocent sounding euphemisms or using outlier examples as if they were the norm. This despicable conduct is precisely what I see people like Eddie going out of their way, not only to NOT criticize (in order to avoid exposing the flaws in Capitalism), but to SUPPORT because the 'person' yammering the BS is credentialed. WTF!!?

The FACTS about people who accumulate wealth without regard to ethical behavior speak for themselves. Those who can never get enough money do not want to admit this ideology is ethically bankrupt.

Does Being Rich Make You a Self-Centered Lawbreaker? 

Posted on Mar 18, 2015

Work by social psychologist Paul Piff suggests that the more money people have, the more likely they are to cheat or put their needs before those of others.  :(
Quote

BBC News:

In the past, public perception has tended towards the notion that the very poor are more likely to break the rules because they are under financial pressure and face more difficult circumstances.

But Piff’s work suggests the opposite - that having more money makes you care about others less and feel entitled to put your own interests first…After nearly a decade researching this field, Piff has come to the controversial conclusion that being wealthy, rather than transforming you into a benevolent benefactor, can actually be rather bad for your moral fibre…“It isolates you in certain ways from other people psychologically and materially. You prioritise your own needs and your own goals and become less attuned to those around you.

When we feel wealthy, Piff concludes, we need other people less. In the real world, when people have less money, they rely more heavily on their social relationships to get by. Therefore interpersonal relations are prioritized. The rich, by contrast, can buy themselves peace, quiet and space - plus a solution to most problems. There’s nothing like a fat wallet to cheer you up in a crisis. But that tends to isolate them from others’ experiences.

Follow the link, if you dare  ;), for evidence proving that greed IS BAD for YOU, as well as everyone else in society:


http://www.truthdig.com/eartotheground/item/heres_how_we_know_being_rich_pretty_much_makes_law-breaking_jerk_20150318

 



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AGelbert

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Re: Money
« Reply #126 on: August 23, 2016, 04:09:59 pm »
An interesting (straw grasping) defense of greedism by a Professor of Economics 

Rowling's wealth is an outlier that is statistically insignificant in the overall elite duplicity that claims capitalism does not fleece the poor and middle class on behalf of the empathy deficit disordered elite who are continuously gaming the system and the laws.
 
Honoré Balzac, surveying the rise of the respectable bourgeois in France, pointed out their dubious origins: “Behind every great fortune is a great crime.”
 
The above generalization continues to be valid in most cases.

https://www.quora.com/If-all-wealthy-people-acquired-their-wealth-by-exploiting-others-then-whom-did-J-K-Rowling-exploit

While I am not unsympathetic to your premise, or the plight of the trees, there IS this:

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AGelbert

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Re: Money
« Reply #127 on: August 23, 2016, 04:13:06 pm »
Which, is just more evidence towards the point, that it is hard to BE a good person and STAY rich.

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AGelbert

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Re: Money
« Reply #128 on: August 24, 2016, 02:08:43 pm »
Which, is just more evidence towards the point, that it is hard to BE a good person and STAY rich.

Rowling became rich via her own work, and never forgot who she is, or where she came from.
Wealthy dynasts are untroubled by such scruples. Or empathy.


 
Exactly RIGHT!
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Re: Money
« Reply #129 on: September 16, 2016, 07:24:18 pm »
PAGE ONE OF AN EXCELLENT THREE PAGE ARTICLE:

How to Stop Capitalism’s Deadly War   With Nature

Posted on Sep 13, 2016

By Paul Street
Quote


 So far, 2016 is the hottest year on record. So was 2015. So was 2014. (John McColgan / U.S. Department of Agriculture)

Earth scientists now know that the history of our planet has been set for some time in our current geological age, the Anthropocene. According to leading experts Will Steffen, Paul Crutzen and John McNeill, in this era, “human activities have become so pervasive and profound that they rival the great forces of Nature and are pushing the earth into planetary terra incognita. The Earth is rapidly moving into a less biologically diverse, less forested, much warmer, and probably wetter and stormier era.” We are living in a “no-analogue state” in which “the Earth system has recently moved well outside the range of natural variability.”

The new earth epoch bearing its species’ mark and name is nothing for Homo sapiens to hold up with pride. The unprecedented changes introduced by humanity are ecologically unsustainable for decent life on the planet. Thanks to the Anthropocene, the world is now in the middle of “its sixth great extinction event, with rates of species loss growing rapidly for both terrestrial and marine ecosystems. The atmospheric concentrations of several important greenhouse gases have increased substantially, and the Earth is warming rapidly,” according to Steffen et al., bringing us ever closer to the precipice of ecosystem collapse and putting prospects for a decent future at grave risk. The signs are clear to those willing to look: the melting of polar ice and Arctic permafrost, the acid bleaching of global coral reefs, the pronounced warming of the oceans, the drying out of the Amazonian rain forests. All this and more are moving at an unexpectedly rapid pace. Marked by now-predictable epic forest fires and floods, 2016 is the hottest year on record. So was 2015. So was 2014.

The terrible trends and data have led the venerable progressive political scientist and social-justice advocate Susan George to introduce what she calls “a new phenomenon in the history of humankind.” In a recent lecture to the International Centre for the Promotion of Human Rights in Buenos Aires, she names it “geocide,” meaning “the collective action of a single species among millions of other species which is changing planet Earth to the point that it can become unrecognisable and unfit for life.” Humanity, George says, “is committing geocide against all components of nature, whether microscopic organisms, plants, animals or against itself, homo sapiens, humankind.” George is unstinting in her denunciation of the human species: “Homo sapiens has only existed for roughly 200,000 years. The time we’ve spent on this planet compared to its total age is infinitesimally short, just the tiniest sliver of geological time. It amounts to a mere 0.00004 percent of Earth’s existence. And although any given species of plant or animal—vertebrate or invertebrate—tends to last on average about 10 million years, our species seems determined to cause its own extinction, along with the rest of creation, long before its allotted time.”
 
It’s a hard to imagine a more terrible crime. Geocide is bigger than genocide.


 

The “Capitalocene”

But is the culprit really Homo sapiens as a whole? The concept of the Anthropocene has rich scientific validity. It holds welcome political relevance in countering the carbon-industrial complex’s denial of humanity’s responsibility for contemporary climate change. Still, we must guard against lapsing into the historically unspecific and class-blind uses of the term “anthros,” and project the recent age of capital onto the broad 100,000-year swath of human activity on and in nature. As the brilliant and prolific environmental historian and political economist Jason Moore reminded Sasha Lilley during a KPFA radio interview in 2015:
Quote
“It was not humanity as a whole that created … large-scale industry and the massive textile factories of Manchester in the 19th century or Detroit in the last century or Shenzhen today. It was capital.”
It is only during a relatively small slice of human history—roughly the last 500 years, give or take a century or so—that humanity has been socially and institutionally wired from the top down to wreck livable ecology.

A compelling case has been made by Moore and other left environmentalists that it is more historically appropriate to understand humanity’s earth-altering assault on livable ecology as “the Capitalocene.” Capitalism has ruled the world since 1600 or thereabouts (by academic calculations), and only during this relatively brief period of history has human social organization developed the capacity and compulsion to transform earth systems. “Geocide” is a capitalist crime, not a transgression of humanity over its long and mostly noncapitalist history.

The Not-So-Golden Age: Capitalism at Its Regulated Best

But when did the Capitalocene really begin? The Industrial Revolution (the starting point for most Anthropocene thinkers) launched in the early 19th century, and capitalism (Moore’s deep culprit) is 500 years old. But it was during the post-World World II era of U.S.-led global corporate monopolies and emergent multinational capitalism that humanity forever altered earth systems in ways that pose grave and fundamental threats to life on the planet. The latest research indicates massive quantitative acceleration of human economic activity around 1950, including “an explosive growth of fossil fuel use,” according to environmental-sciences professor James Hansen and co-authors in an article in Science. This created a qualitative transformation in Homo sapiens’ impact on earth system trends: levels of carbon dioxide, nitrous oxide, methane, stratospheric ozone, surface ocean temperature, ocean acidification, marine fish capture, coastal nitrogen, tropical forest depletion, land domestication and terrestrial biosphere degradation. Leading earth scientists increasingly see what they call this “Great Acceleration” in the post-World War II era as not a new stage but instead as the actual onset of the Anthropocene.

“The brutal truth,” the dauntless ecocide chronicler Robert Hunziker writes in Counterpunch, is “that the prevailing tenure of political, economic neoliberalism, which revolves around profits , is screwing things up.” But the underlying malefactor behind geocide isn’t merely the neoliberal, deregulated and so-called free market capitalism of the last four decades. It’s the profit system itself. The years of U.S.-led global capitalism that locked in the geocidal Anthropocene emerged from a high-growth, mass-consumerist profits system operating at its regulated, high-functioning, middle class-expanding and vaguely social-democratic, Keynesian best. That not-so-Golden Age brought us to the onset of a grave ecological crisis, what the great left eco-socialist Barry Commoner warned about in his book “The Closing Circle,” written at the end of the postwar boom. It pushed us into an environmental calamity that some leftists, even today, treat as the dysfunctional obsession of doomsday “catastrophists” and as “just one of many concerns and possibly a diversion from the ‘real’ class struggle”—the incisive Australian eco-socialist Ian Angus’ accurate and critical characterization of such horrible reasoning.

http://www.truthdig.com/report/item/how_to_stop_capitalisms_deadly_war_with_nature_20160913


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AGelbert

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Re: Money
« Reply #130 on: October 14, 2016, 12:50:34 pm »

BRICS to build fairer global system

Updated: 2016-10-14 08:28

By Wang Fan(China Daily)
 
President Xi Jinping will attend the eighth meeting of BRICS leaders in Goa, India, from Oct 15 to 16. This will be their first meeting after their informal gathering at the G20 Summit in Hangzhou, East China's Zhejiang province, in early September, and it is a meeting that is of practical importance.

The cooperation of the BRICS members intensified after the onset of the international financial crisis in 2008. In response to the crisis, the BRICS states strengthened their bilateral and multilateral economic and trade cooperation, and they have continued to deepen their cooperation since.

The collective rise of emerging economies and the comparative fall of the developed economies constitute one of the most important phenomena of international politics in the early 21st century.

The BRICS members boast advantages in scale with regard to their territorial areas, populations and resources. They account for 30 percent of the world's land, 43 percent of the global population, 21 percent of the world's gross domestic product and 40 percent of global foreign exchange.

The BRICS states are all big countries in their respective regions and have correspondingly large says and influence in regional affairs.

The cooperation of the BRICS countries is of practical meaning to protect and enhance the interests of emerging economies and developing countries.

With the BRICS members as representatives, the emerging market countries and developing countries have seen marked and rapid increases in their international influence.



And with a combined population of about 3 billion people, the rise of the BRICS countries is related to the fate of the whole world and humanity. The five countries are expected to play active and constructive roles in setting the global development agenda, climate change negotiations, reform of the International Monetary Fund, and other global topics.

Because the BRICS countries are all major members of the United Nations-China and Russia are both permanent members of the UN Security Council-and cooperative representatives of developing and developed countries in G20, the BRICS members bridge the different camps among countries.

The World Bank, International Monetary Fund and the other regional financial organizations, such as development banks in Asia and Africa, are actually controlled by Western countries, with the United States dominant. The establishment of the New Development Bank of BRICS is therefore significant for establishing a fairer international financial structure.

The New Development Bank is an international financial agency that the BRICS states fund and manage themselves. This is an important breakthrough in the global financial system, one that is promoting transformation of the international financial order, and one that can enhance developing countries' status and voice in the international financial governance.

The bank can help solve the BRICS countries' shortage of medium-and short-term funding, boost their infrastructure construction and economic growth, and reduce their excess reliance on the US dollar, euro and yen.

China plays a special and constructive role in the cooperation among the BRICS countries. It is also an active advocate and supporter of South-South cooperation, and cooperating with developing countries is an important part of China's opening-up strategy.

The cooperation mechanism of BRICS provides an effective way to promote South-South cooperation. China's cooperation with the other BRICS members is conducive to breaking Western countries' trade protectionism and strengthening their coordination on actions to address climate change, prevent the proliferation of nuclear weapons and the fight against terrorism, as well as many other global issues.

BRICS cooperation is not intended to rival current system, but rather aims to seek effective cooperation with the developed countries. The essence of the BRICS' cooperation spirit is openness and inclusiveness.

The author is vice-president of China Foreign Affairs University.


http://usa.chinadaily.com.cn/opinion/2016-10/14/content_27058577.htm
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AGelbert

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Re: Money
« Reply #131 on: November 18, 2016, 02:13:34 pm »
Energy| Nov. 18, 2016 10:49AM EST


Largest Bank in Norway Sells Its Assets ;D  in Dakota Access Pipeline

Stefanie Spear

http://www.ecowatch.com/norway-dnb-dakota-access-pipeline-2098464180.html


 
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AGelbert

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Re: Money
« Reply #132 on: November 29, 2016, 02:29:52 pm »

Richard Wolff: Trumpnomics 101 Is Based On Lies 50 Of Business In China Are American Businesses
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AGelbert

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Re: Money
« Reply #133 on: December 01, 2016, 05:52:04 pm »
https://youtu.be/w8MFW6SO5hQ

  November 28, 2016

Can Trump's Gangster Capitalism Manage the Global Economy?

Leo Panitch and Paul Jay discuss what the consequences of Trump's plans to deregulate Wall St., reduce taxes, create an infrastructure boondoggle, attack unions and foreign policy adventures will have on the global economy.

http://therealnews.com/t2/story:17802:Can-Trump%27s-Gangster-Capitalism-Manage-the-Global-Economy%3F
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AGelbert

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Re: Money
« Reply #134 on: December 16, 2016, 08:02:54 pm »
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