BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets. “Climate change … Continue reading BlackRock CEO Larry Fink puts climate change at center of megafund’s investment strategy
On paper, it looks like Scott Larsen is doing better than his father was at the same age. But he’s not even close. The chances of him buying a home are very slim. The system currently extracts all the borrowing potential from the millennials through student loans that could have gone towards … Continue reading Many millennials are worse off than their parents — a first in American history
The political ads control will roll out in the U.S. “early this summer” before expanding to new locations. But not fewer corporate ads. Is this really good for democracy? Source: Facebook and Instagram will allow users to ‘see fewer’ political ads i Continue reading Facebook and Instagram will allow users to ‘see fewer’ political ads
European Central Bank President Mario Draghi said the Governing Council should be open to ideas such as Modern Monetary Theory, while noting they’re closer to fiscal policy and should be directed by … Continue reading Draghi Says ECB Should Examine New Ideas Like MMT – Bloomberg
A snapshot of the latest science, published as politicians gather in New York, says climate change is speeding up. Scary. Some countries are increasing their emissions. Source: Climate change: Impacts ‘accelerating’ as … Continue reading Climate change: Impacts ‘accelerating’ as leaders gather for UN talks – BBC News
(Bloomberg) — It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe The whole movement … Continue reading Corporate America Has Found a Way to Turn a Profit Off Being Green
The Department of the Interior on Thursday issued the final environmental study for its plan to open up drilling in ANWR, a 19 million-acre area that is home to wildlife populations including Porcupine caribou, polar bears and millions of birds that migrate to six of the seven continents. Why are we taking … Continue reading U.S. takes major step toward oil drilling in Alaska wildlife refuge – Reuters
The world must invest $1.8 trillion by 2030 to prepare for the effects of global warming. And that would yield $7.1 trillion in benefits, according to a group led by Bill … Continue reading The Massive Cost of Not Adapting to Climate Change | Bloomberg
“The bottom half of Americans combined have a negative net worth,” Bloomberg’s Ben Steverman wrote based on research of economists Emmanuel Saez and Gabriel Zucman. That’s NEGATIVE net worth for the bottom … Continue reading One brutal sentence captures what a disaster money in America is
The Odessa and Midland, Texas, mass shooting further confirms what’s disturbingly clear: Attacks are becoming more frequent and are getting deadlier. Source: Opinion: We analyzed 53 years of mass shooting data. Attacks … Continue reading Opinion: We analyzed 53 years of mass shooting data. Attacks aren’t just increasing, they’re getting deadlier – Los Angeles Times
“What we’re talking about here is an irreversible switch.” There is a doomsday scenario for the burning Amazon — the irreversible point at which the tropical land can no longer sustain itself … Continue reading The Amazon rainforest has a point of no return
Could economic sanctions and tariffs soon be used to fight climate change? Instead of using sanctions for purposes, usually related to oil, this use makes so much more sense. Saving the planet. … Continue reading Amazon fires: Europe puts pressure on Brazil, suggesting a new era of climate sanctions.
Unemployment is at record lows in both the UK and the US. But “involuntary” part-time work is at least 40% higher in both countries than it was 10 years ago. The structure … Continue reading Unemployment is low only because ‘involuntary’ part-time work is high
A new study finds that partisanship matters more than the influence of the wealthy The rich get what they want from their senators about 60% of the time, research shows. Source: Is … Continue reading Is Congress rigged in favour of the rich?
Facebook gets away with it again When’s fines are so low they are simply the cost of doing business. Source: Facebook’s $5 billion FTC fine is an embarrassing joke – The Verge Continue reading Facebook’s $5 billion FTC fine is an embarrassing joke