Why Naomi Klein Must Not Blame Capitalism

“I haven’t finished reading the book; I don’t want to know who wins, capitalism or the climate, but I assume it’s capitalism because the book costs $30 and it’s printed on dead trees.”
–Stephen Colbert, interviewing Naomi Klein (23 Sept 2014)

Your money and your life. What kind of deal is that?

EDF wants to extend the life of a 40 year old nuclear reactor which has cracks in it. So, what do you think that’s about?  Money. EDF can patch the reactor to get another decade out of it and all the revenue that comes with it.  That is small marginal investment for large incremental cash …
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Standing up to bullies … works?

A senior legal investigator was fired by the FED for standing up to Goldman Sachs and her bosses at the FED.  She got fired for doing her job. What happened?  She highlighted the corruption in the FED and Goldman Sachs which was protecting bosses and their cash at the expense of Goldman Sachs clients and …
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The end of fossil fuels.

The Rockerfeller Foundation plans to divest fossil fuel assets in its portfolio. The Fund will first focus on limiting its exposure to coal and tar sands, with a goal to reduce these investments to less than one percent of the total portfolio by the end of 2014. It is planning for further divestment as quickly …
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Be a “B Corp” for sustainability.

“B Corps”, started in 2006, are a new type of company that uses the power of business to solve social and environmental problems. It aims to certify businesses that serve a globally responsible initiative.  If you care about sustainability, social equity, eco-energy, ethical business, saving the planet or things like that consider using companies on …
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We are still not prepared to pay for our planet.

In the past decade there has certainly been a huge increase in awareness and care about sustaining nature in the face of overconsumption by humanity.  Now, most people have heard the terms “sustainable”, “organic”, “eco”, “green” and associate positive initiatives with these terms.  Sadly we also associate a cost with these terms, a cost we …
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Yahoo, Bing, Scroogle, Scraper, and anonymous search

How embarrassing!  I knew it, but forgot it.  But luckily was reminded yesterday that Yahoo doesn’t offer search any more. In mid-2009 Yahoo gave up on search and contracted with Bing to supply teh service.  I was reminded when I saw the confession at the bottom of a Yahoo search page.  Further investigation reminded me …
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The truth about hedge funds: Expensive and limp.

BloombergBusinessweek’s picture says it all: Hedge funds talk big, but results are limp. Sheelah Kolhatkar reported back in July on the poor performance and high cost of specialist investor funds.  The follow up for the 3rd quarter tells the same story:  Hedge Funds Continue to Be for Suckers If the fund managers had to suffer …
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Fossil fuel subsidies: over $ 500,000,000,000 a year.

That’s about $112 for each adult in the world.   It’s a lot of money for any industry.  It’s a huge commitment of resources for a sunset industry.  Subsidies must be eliminated. The Overseas Development Institute (ODI) report notes that “these subsidies outweigh the support provided to fast-start climate finance by a ratio of 7:1”.  That …
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Investing Legend Jack Bogle Answers Your Questions

A quick read of the transcript is worth the few minutes it takes.  And if you have the time, enjoy the video. Jack Bogle, with 84 years of life experience, much of it in investing, shares some views with Motley Fool’s Tom Gardner.  He offers worthy insights, like this incidental quote “Liquidity is the last …
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