Monthly Archives: March 2013

Idle Cash and How to Take It

Many people mention the Federal Reserve Bank’s bank numbers about “idle cash” held by U.S. companies.  The figure is staggering $1.7 trillion (and this does not include money owned by banks.)  The companies don’t use the money to make more … Continue reading

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Treating the Earth as Our CO2 Garbage Dump

March 27.   A few days ago I cautioned about New York Times columnist Anthony Nocera’s unqualified enthusiasm for coal gas.  He described a method where the CO2 greenhouse gas captured in the process of making coal gas would be sent … Continue reading

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Fossil Fuel Overkill Gets a Boost

March 26.  To borrow a word from the nuclear arms race the fossil fuel industry has achieved “overkill”.  Companies have found several times more fuel than can safely be burned.  By safe I mean without putting so much CO2 in the air … Continue reading

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Hear Richard Wolff on How the Banks in Europe Dipped into Accounts in Cyprus

Amy Goodman on Democracy Now! did an hour interview with Prof. Richard Wolff starting off with the decision of the government of Cyprus to take money from bank accounts and then give the money to the banks themselves.  Hear it … Continue reading

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Bad Advice from Nocera and Zakaria

March 17.  Joe Nocera, who has been recently writing columns for the New York Times attacking Bill McKibben and James Hansen and the 350.org movement,  has found a new way to love fossil fuel.  It’s called “coal gasification”.  You don’t … Continue reading

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Glass Half Empty

March 8. There may have been more jobs created last month than expected, but other figures are less encouraging.  E-pop, employment as a percent of the population, which I say is the best measure of the jobs situation is 58.6%, … Continue reading

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Gone Into History

He came to power when Latin America was a joke, run by gorillas and lickspittles for the Empire. Now most of Latin America stands by itself. Venezuela has tremendous problems, especially crime, but the masses of average people seemed to … Continue reading

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It Will Kill “Hundreds of Millions” This Century

March 6, 2013.  Last week at Yale Law School Andrew Guzman spoke about his new book “Overheated: The Human Cost of Climate Change”.  Guzman is an economist and lawyer at Berkeley Law School (University of California).  He talked about what … Continue reading

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Furious at AFL-CIO Decision

I sent this to a number of union leaders I know: In over 40 years of union membership I can’t remember the last time I was so angry at an AFL-CIO decision.  According to the New York Times the national … Continue reading

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