As I have predicted for some years, the first large corporations to change their policies on carbon investments will be insurance companies. Since they pay out claims brought on by disasters, they are exquisitely attuned to what causes disasters and carbon energy is at the top of their list. Insurance companies understand what Republicans will not admit — climate change is a game changer unlike anything ever seen before by the human species. So I take AXA’s action as good news.
The Pacific Ocean is dying- From the ground up the entire food chain is collapsing.
Today, Nobel laureate Joseph Stiglitz, the Columbia professor and former economic advisor to Bill Clinton, [published] a new report for the Roosevelt Institute entitled “Rewriting the Rules,” which is basically a roadmap for what many progressives would like to see happen policy wise over the next four years.
Eight “fixes” and PBI commentary below the fold.
I follow Iceland because like the Scandanavian countries it is one of the nations where the new wellness oriented policies are developing. This one is very dramatic and will change the world’s economy as it is more widely adopted. I don’t think it will happen in America because the banks have so many liegemen in the Congress, as Paul Krugman points out.
Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank