On November 28, following the OPEC (Organization of the Petroleum Exporting Countries) meeting, oil proceeded to plunge over 10 percent. At the meeting, OPEC decided not to cut production, in order to match demand, but continue to overproduce and drive the price lower. OPEC by its very nature is a cartel, a group of companies … Read more
Somewhere in an Anarchist occupied fortress in Barcelona , resides Amir Taaki, a world renowned Cypto-Anachist named one of Forbes top 30 tech entrepreneurs under the age of 30. Amir Taaki hides out with a merry band of progressive software developers that work under the name Unsystem, developing a project that is both politically incendiary … Read more
It was announced in November that the Japanese Central Bank would ramp up its Quantitative Easing Program (QE), bringing its yearly expansion of the money supply up to $682 billion. The end of the United States’ QE program was very well documented, as was the substantial rise in asset prices which were a result of … Read more
World markets rose following China’s interest rate cuts and comments made by the European Central Bank. China’s Central Bank has cut the interest rate on annual deposits to 2.75 percent from 3.00 percent in an attempt to revive the economy. During the first half hour of opening trading, the Dow Jones industrial average rose to 1.00 percent … Read more
In a recent keynote speech at the Future of Work Summit at NASA Ames Research Park, award-winning journalist and author Federico Pistono elaborated on the concept of “free money”–giving money to all people with no strings attached, an idea that Pistono explored in his best-selling book, “Robots Will Steal Your Job, But That’s OK.” Pistono spoke about … Read more
Enclosures of water are being dispossessed from small-scale markets in a rising trend of so-called “ocean grabbing,” according to a recent report by Transnational Institute (TNI) and Afrika Kontakt. Claiming that seas and shores must be taken from common fisher people in order to preserve sustainability, the World Bank is backing corporate interests and a rise in large-scale aqua-industry market-based … Read more
The nature of deforestation has changed dramatically in recent years, according to a new study by Chalmers University Scientists. Deforestation today is driven by globalization and commercialization to a large and increasing degree–international trade is contributing to deforestation through a demand for beef, soy, palm oil and timber. “From having been caused mainly by smallholders … Read more
China has cut forecasts for offshore wind power installations by 60 percent–the nation had projected 5,000 megawatts of capacity by 2015 and 30,000 megawatts by 2020, but has reassessed its ambitions. China now aims to install approximately 2,000 megawatts of capacity by 2015 and 10,000 by 2020. “The pace and scale of offshore wind are … Read more
In the Canadian province of Saskatchewan the world’s first big carbon capture coal power plant has begun. The project will sequester almost all of its emissions–about a million tons of carbon per year. Canadian utility SaskPower is undertaking the project at the 110 megawatt Boundary Dam power station near Estevan, Saskatchewan, where it will retrofit … Read more
Most studies have concluded that unemployment in the short run leads to a drop in fertility, but whether the negative effects persist–whether women simply postpone childbearing or if the effect is more long-term–has remained unknown. According to a recent study by Princeton University, living through a recession means that some women will never have a child, … Read more
The Mona Lisa, painted in the early 16th century by Italian artist Leonardo da Vinci, is worth an estimated $2.5 billion, and the France’s media has suggested that the “priceless” painting could be sold to alleviate the nation’s debt, which has mounted to $200 billion. The sale of other works was also suggested as possible salable items, including … Read more
The amount of gas burned by fracking flares in Texas and North Dakota is not measured by the states, according to a new report by Ecowatch, which also found that the amount of gas burned in just two shale plays was equivalent to the carbon dioxide emissions produced by 1.5 million cars. This burned gas … Read more