Everyone loves a good bonus. None more so than the thousands of financiers across the globe who enjoyed ‘stonking’ payments in 2006.
… Economy Bonuses Pensions Companies Economics Finance Politics And Economics … from this redistribution effect: ‘big finance’ on the one hand and corporate … ‘financialisation’ of the economy, with finance sector profits growing as a proportion …
42 reasons why fuel tax cuts and price caps just add fuel to the fire.
… year. Ultimately, taxpayers will have to finance the losses from the fuel tax … making it increasingly difficult to finance public debt. For example, Hungary has … prices. Cutting fuel taxes worsens public finances: in the European Union, according to …
French nuclear parastatal EDF is facing problem after problem - zombie nuclear projects in the UK, Finland, China and France, a fleet of 'beyond the grave' reactors, a dropping share price and its drooping credit rating. But is it really as bad as all that? Jonathon Porritt has exclusive access to the leaked Agenda of its latest board meeting. And the answer is - no. It's even worse.
… | 29th February 2016 Comment Nuclear Energy Finance Politics UK France Corporations … the cost of construction and the costs of finance. This has been recognised by the EU … the English say) when looking at our overall finances. 3.2 The longer we keep these …
The shutoff of water to thousands of Detroit residents, the proposed privatization of the water system, and the diversion of the system's revenue to banks are possible, writes Pete Dolak, because water - the most basic human need - has become a means to extract profit from the City's people.
… 19th August 2013 Comment USA Water Economics Finance dwb-shu-on-megaphone-cut.jpg The …
This week Chancellor George Osborne told Parliament that the power from the planned Hinkley C nuclear plant would be cheaper than onshore wind, writes Doug Parr. That could be true on Planet Zog - but here on Earth the reverse is the case. Exactly what are Osborne and his Treasury mandarins smoking?
… Parr | 10th September 2015 Comment Nuclear Finance Politics Renewables Wind Solar UK … billion guarantee for Hinkley construction finance It's important to be clear that we are …
As nuclear projects using the EPR design run into long delays and huge costs overruns, industry hopes are pinned on the Westinghouse AP1000 reactor, writes Chris Goodall. But with eight AP1000 projects around the world going the way of the EPR, is it really a wise choice for the UK's Moorside nuclear site?
… | 17th July 2015 Comment Nuclear Technology Finance USA China UK Energy vogtle_npp-cut.jpg … paying a supplement of 6% of their bills to finance the new nuclear station - Indeed …
Creating cash should not be the responsibility of the private banking system, but of the common wealth. Let’s get mutual, urge Molly Scott Cato and Martin Large
… Cato Martin Large | 1st November 2008 Comment Finance Banking Mutualism Savings Finance Politics And Economics …
They emptied the public purse to fund their continuing largesse. Now it's time for the banks to pay us back. At phenomenally good rates...
… 2009 Comment Banks Bonuses Green New Deal Finance Politics And Economics … and Germany are out of recession (the French finance minister interrupted her holiday to …
Mumta Ito is the founder of the International Centre for Wholistic Law, which aims to realign the application and methodology of law with the universal laws that govern all life. She began by telling The Ecologist how her journey began in an improbable place ...
… is part of the problem - a structured finance lawyer with the largest firm in the UK … changed and nothing in the world of finance and adversarial law resonated with me …
New development financiers like China's Asian Infrastructure Investment Bank are driving a global attack on the environment, writes Bill Laurance. With their fast track 'no questions asked' procedures, they are financing a wave of destructive mega-projects, giving the World Bank and other lenders the excuse to lower their already weak safeguards.
… Cook University | 8th April 2016 Comment Finance Development Ecocide China aiib-cut.jpg …
The organizers of tomorrow's International Monsanto Tribunal describe it as a 'moral trial', while the company dismisses it as a 'mock trial' and 'stunt'. The truth, writes Pete Dolack, is that it's about much more than this one company. On trial is the entire neoliberal system of 'free market' finance and monopoly capitalism.
… | 13th October 2016 Comment Corporations Finance Law GMOs Food Farming … the entire neoliberal system of 'free market' finance and monopoly capitalism. Monsanto is …
Jeremy's Corbyn's appointment of John McDonnell as shadow Chancellor was bold, provocative and absolutely correct, writes Donnachadh McCarthy. As well as being Corbyn's firm political ally, McDonnell understands the nature and scale of the challenge that he faces as he confronts the corrupt nexus of political and economic power in modern Britain.
… | 15th September 2015 Comment Politics Finance UK mcdonnell-grow-heathrow-cut.jpg … far reaching reforms of the banks and finance sector with effective regulation and a … money - he was a successful Chair of Finance at the Greater London Council under …
REDD+ type projects to protect rainforests face many obstacles but we should not give up on market-based solutions, says Ben Caldecott from the investment bank Climate Change Capital
… around the best way to actually pay and finance REDD+ activities, as well as how to … and programmes economic, and therefore financeable. ERUMs guarantee payments for … an international carbon market able to finance the scale of REDD+ activity necessary …
The 'biggest nuclear construction project in Europe' next to Sellafield in Cumbria is now hanging in the balance, writes Martin Forwood. With Toshiba fast sinking due to failed nuclear projects, and other members of the Nugen consortium getting cold feet, the project is facing collapse. The only alternatives are a Korean rescue - or making British taxpayers pick up the bill upfront.
… stake in the development and thereby help finance the project. Such a move however must … and parts suppliers. Or make the taxpayer finance the project upfront? Without 'friends … difficult to see how else Moorside might be financed in the future, unless the UK …
The notion that nuclear is cheaper outside the UK is a myth, writes David Toke. Yes, it looks more expensive here - but only because new stations like Hinkley C have to compete in an electricity marketplace, making it harder to conceal the true costs like we used to.
… | 7th September 2015 Comment Energy Nuclear Finance UK Politics sizewell-t-cut.jpg The … C deal already has access to state backed finance through the agency of the state owned … entirely from a bottomless pit of state finances. Talk about allegedly 'cheap' money …
The phony justification for the US's ban on hemp makes even less sense than it did before Colorado and Washington State legalized marijuana. Jill Richardson says its high time to legalize them both.
Legalize ... them! Jill Richardson | 13th January 2014 Comment Hemp Marijuana Drugs Farming legalise-them.png The phony justification for the US's ban on hemp makes even less sense than it did before …
The lead poisoning crisis in Flint, Michigan is just the tip of a vast iceberg of lead contamination afflicting mainly urban black communities, writes Leif Fredrickson. A rigid 'race bar' on postwar suburban housing and mortgages left black families in inner cities, exposed to flaking lead paint in run down housing, leaded gasoline residues and lead pipework. Now is the time to correct this shocking historic injustice.
… 2016 Comment Cities Toxics USA Development Finance Society Racism suburbia-cut.jpg The … "inharmonious" racial groups a housing finance risk. After the Supreme Court declared …
Government energy policy is caught between apparently conflicting objectives, writes Mark Hackett. But there is a solution that is already working in the UK and abroad - to encourage the active participation of local authorities in delivering low carbon energy to the communities they serve.
… Capital cities of Europe mobilising green finance The report notes that the Greater … Green Investment Bank and the unlocking of finance from Local Authority Pension Schemes … Committee, Economy Scrutiny Committee and Finance Scrutiny Committee. Documents: …
EDF's unfolding fiasco over the Hinkley C nuclear power station proves that nuclear power can come only at enormous financial cost to consumers and taxpayers, writes Caroline Lucas - and even then, investors are scared off by the risks. The government must get over its nuclear obsession and seize our renewable future.
… MP | 28th January 2016 Comment Nuclear Energy Finance Economics Politics Consumerism …
The Tories' decision to scrap the UK's renewable energy sector deserves condemnation, writes Oliver Tickell. But there is a silver lining: it creates the space in which to design better, cheaper, more cost effective support mechanisms to drive the clean energy revolution forward.
… the developer then has to go out and get the finance to pay for it now. But while the … viability, but because they fail to attract finance at a viable interest rate, or indeed … named 'levy control framework' (which finances the FITs, CFDs etc) has run out of …
On 21st March 2011 George Monbiot stated: "As a result of the disaster at Fukushima, I am no longer nuclear-neutral. I now support the technology." Jonathon Porritt critiques Monbiot's intellectual gymnastics ...
… PM in March 2012: "EDF will not be able to finance new nuclear in Britain on its own … GM: "This deal looks as bad as any Private Finance Initiative contract." In other words, … even more astonishingly, the deal-breaker on finances will be the two Chinese nuclear …
A review of Road to Nowhere: what Silicon Valley gets wrong about the future of transportation, by Paris Marx.
… while pay was cut. Uber’s predatory pricing, financed by stock exchange investors, drove … decade, the venture capitalists who financed tech companies’ loss-leading … could corner particular market segments and finance them while they recorded substantial …
The main company due to build UK's 'flagship' nuclear power project at Moorside in Cumbria is on the ropes, writes Doug Parr, thanks to its multi-billion dollar nuclear losses on in the US. The obvious solution, (almost) all our politicians insist, is to ignore cheaper, faster, cleaner renewables, and make the taxpayer pick up the cost of yet another nuclear white elephant.
… | 14th February 2017 Comment Nuclear Energy Finance Corporations UK EU US Technology …