07 October 2009

Inquiries into the Nature of Slow Money - Book



'Inquiries into the Nature of Slow Money presents the path for bringing money back down to earth - philosophically, strategically, and pragmatically - and with an entrepreneurial spirit that is informed by decades of work by the thousands of CEOs, investors, grantmakers, food producers, and consumers who are seeding the restorative economy.

This is the path toward a financial system that serves people and place as much at it serves industry sectors and markets. To discover this path and to begin to walk down it: That is the mission of Slow Money. This mission emerges from Woody Tasch’s decades of work as a venture capitalist, foundation treasurer, and entrepreneur, whose explorations shed new light on a truer, more beautiful, more prudent kind of fiduciary responsibility - a fiduciary responsibility that is not stuck in the industrial concepts of the nineteenth and twentieth centuries, but which reflects the economic, social, and environmental realities of the twenty-first century.

These explorations take us from the jokes of his father to the insights of his son, from the boardrooms of foundations and start-up companies to the farm fields of Vermont, from gopher holes in New Mexico to the possibilities of an alternative stock exchange, from Carlo Petrini to Muhammad Yunus, from Thoreau to Soros.'

Tellus Institute



The Tellus Institute was founded in 1976 '...as an interdisciplinary not-for-profit research and policy organization...Tellus entered a new phase in 2005, consolidating its programs to address the grand challenge of this century: a Great Transition to a sustainable, just, and livable global civilization. To attain this vision, the world must navigate toward ways of producing, consuming, and living that balance the rights of people today, future generations, and the wider community of life. The prospects for such a transition rest with the ascendance of new values, a planetary consciousness, and a sense of global citizenship. These aims will lie at the heart of the Institute’s program of research, education, and network-building in the coming years.'

Detroit Reinvented

Parts of Detroit could end up being an interesting social experiment...



Excerpt from Worldchanging, 6 October 2009

'The city of Detroit has gotten a lot of attention recently, most of it lamenting how far its fortunes have fallen [compared to] to the American self-image of infinite growth and expansion. Detroit's population has plummeted. Huge swaths of land lie vacant. Houses have gone feral...

Detroit’s strength is in its weakness...the city affords many opportunities to artists, entrepreneurs, urban homesteaders, and people who do not want typical 9-to-5 lifestyles. Large, vacant commercial space can be rented out to start-ups at basement sale prices. People can buy homes and land for almost nothing, grow their own food, and form communities of similarly-minded people. Imagine if residents were given financial or technical assistance to build farms, solar panels, micro turbines, grey water systems, vermiculture compost systems, and other household-level or block-level amenities that local government can no longer afford to provide.

Not only is the government relieved to pursue more pressing problems, like education and crime, but people are empowered to run their own communities. In turn, people are relieved of having to join the 9-to-5 workforce – with no mortgage, no car payments and insurance, little -to-no utility payments, and a small food bill from farming, people can use their time to invest in their community or take risks, like starting new companies or producing works of art.'

06 October 2009

Meltdown!



Excerpt from
Culture Buzz, 16 September 2009

'WWF Germany created this street marketing action to remind us that global warming is real and that time to find a solution is running out. To show this, the ecological organization placed 1000 people made of ice on the Gendarmenmarkt plaza in the German capital Berlin. They are all seated on their hands to symbolize the inactivity of governments in the face of this urgent global problem. A creative action that encourages reflection.'

Watch a clip of this action: www.youtube.com/watch?v=JgtKbkT5NtY

05 October 2009

The Buckminster Fuller Challenge

The Buckminster Fuller Challenge

...please circulate and send to anyone who may wish to apply!

http://challenge.bfi.org/home

'“If success or failure of the planet and of human beings depended on how I am and what I do… How would I be? What would I do?” -Buckminster Fuller

Each year a distinguished jury awards a $100,000 prize to support the development and implementation of a strategy that has significant potential to solve humanity’s most pressing problems. Entries are now being accepted and the deadline is midnight, Eastern Time on October 30, 2009.

"There is a movement afoot- of highly motivated individuals all over the world seriously engaged in coming up with solutions to the mounting set of problems we face. These design pioneers and social innovators are not waiting for large scale institutions to deliver us to a sustainable future. They understand the critical role they play as the change agents for the future we all want to see. These are the people and projects we are excited to see submit an entry to the Challenge.

We have an amazing line-up of the international systems thinkers and design pioneers serving on the jury. This year we plan to capture and publish some of the discussion leading to the selection of the winning solution as we feel it surfaces some of the most critical issues faced in trying to figure out which solutions are leverage points for turning the ship around."

- Executive Director, Elizabeth Thompson'

IMF Presses for Tax on Banks' Risky Behaviour

Excerpt from The Guardian, 2 October 2009

'The International Monetary Fund today threw its weight behind a new tax on the global financial sector designed to limit risky speculative behaviour and help the world's poorest countries.

Dominique Strauss-Kahn, the IMF's managing director, said banks and other big financial institutions were responsible for systemic risk and it was only right that they provided resources to mitigate those threats to the world economy.

While ruling out a so-called Tobin tax – a levy on foreign currency transactions proposed by the American economist James Tobin in the early 1970s – Strauss-Kahn said a high-level IMF team would work on proposals in the coming months.

"The very simple idea of putting a tax on transactions won't work for many technical reasons," Strauss-Kahn said at a press conference held in the run-up to the IMF's annual meeting in Istanbul next week.

"On the other hand, considering the financial sector is creating a lot of systemic risks for the global economy, it is fair that the sector pay some part of its resources to mitigate risks it is creating itself."

Strauss-Kahn said a team led by the IMF's number two, John Lipsky, would be looking at the merits of setting up a fund that would provide some form of insurance against future financial crises, as well as help for low-income countries.The fund was asked to investigate "Tobin-style" taxes by last week's G20 summit in Pittsburgh following pressure from the German chancellor, Angela Merkel, and the French president, Nicolas Sarkozy...

This idea returned to public prominence at the end of August when Lord Turner, head of the UK's Financial Services Authority, said that the swollen and "socially useless" banking sector should be taxed back down to size...

Max Lawson, senior policy adviser to Oxfam, said: "This could be a hugely popular tax, making the banks pay for the mess they made. Bankers will fight this tooth and nail but they must be resisted by G20 leaders."'

02 October 2009

The Consumption Explosion & Boomerang Trade



Excerpt from Warmer Bulletin e-news, 2 October 2009

'In spite of one of the biggest global recessions for a century - the trend toward ever greater over-consumption is hardly changing according to The Consumption Explosion: the Third UK Interdependence Day Report.

The report is published on the day - Friday 25 September - that the world as a whole goes into 'ecological debt', consuming more resources and generating more waste than ecosystems can produce and absorb.

After more than two decades of going ever earlier into ecological debt - in spite of the global recession there is set to be a delay, in effect, of just 24 hours before the world as a whole goes into ecological debt. This leaves the overall trend of our collective ecological footprint deeply negative with humanity still environmentally over-extending itself to a dangerous degree:

In 2009, World Ecological Debt Day falls on 25 September, allowing for a leap year, it means that the impact of a massive world-wide recession has slowed its arrival by just a single day compared to 2008, with the date still having advanced almost two weeks from 2007 when it fell on 6 October.

Andrew Simms, nef policy director and co-author of the report says: "Debt-fuelled over-consumption not only brought the financial system to the edge of collapse it is pushing many of our natural life support systems toward a precipice. Politicians tell us to get back to business as usual, but if we bankrupt critical ecosystems no amount of government spending will bring them back. We need a radically different approach to 'rich world' consumption. While billions in poorer countries subsist, we consume vastly more and yet with little or nothing to show for it in terms of greater life satisfaction. Defusing the consumption explosion will give us the chance of better lives."

The Consumption Explosion also reveals some of the crazy and wasteful ways that the UK does business with the rest of the world through so-called 'boomerang trade'. Because we do not pay the full environmental cost of transport, all around us there are ships, lorries and planes passing in the night, wastefully carrying often identical goods from city to city across the globe and back again to meet consumer demand. For example, the latest data shows that, in the UK:

We export 5,000 tonnes of toilet paper from the UK to Germany, but then import over 4,000 tonnes back again

4,400 tonnes of ice cream gets exported from the UK to Italy, and 4,200 tonnes is then imported back

We import 22,000 tonnes of potatoes from Egypt and export 27,000 tonnes back the other way

116 tonnes of 'Sweet biscuits, waffles and wafers, gingerbread and the like' (the official category for trade statistics) comes into the UK, rumbling passed 106 tonnes headed in the opposite direction...

"Our overuse of the Earth's resources has other, perverse impacts. Climate change, changes to people's diets, energy prices and shortages, and global competition for land between food and biofuels, have all increased the vulnerability of the international food chain. Exacerbating the problem, many wealthy countries are relying ever more on some of the poorest to guarantee supplies. Since 2006, large scale transnational land acquisitions by governments and multinational corporations based in countries like the UK, have targeted up to 20 million hectares of farmland in developing countries, an area equivalent to all the farmland in France.

The report also shows why a recently revived focus on global population as an environmental issue is a critical distraction from tackling over-consumption in wealthy countries. There are currently huge inequalities around the world in terms of environmental impacts per person.

For example, one person in the United States will, by 4am in the morning of 2nd January, already have been responsible for the equivalent in climate change causing carbon emissions that someone in living in Tanzania would generate in an entire year. A UK citizen would reach the same point by 7pm on 4th January.

Dr Joe Smith, co-author of the report and Senior Lecturer on the Environment at the Open University says: "Doom-mongering about global population growth is misleading at best. Globally birth rates are not rocketing out of control - on the contrary, and we know that the most effective way of tackling population growth is tackling poverty. Environmentally, the most pressing need is to take a radically different view on the nature and quality of 'rich world' consumption, in almost every area of life."

As The Consumption Explosion shows, the only effective and socially acceptable path to influence population dynamics is through poverty eradication and reducing inequality. Given environmental realities, this is hard-wired to ending rich world over-consumption. Average levels of consumption, per person, in poorer countries have changed little over many decades. In rich countries, however, we are each consuming vastly more and yet with little or nothing to show for it in terms of greater life satisfaction.'

Copenhagen Flashmob

Avaaz are planning a Flashmob event in Copenhagen - a team of Avaaz volunteers in Copenhagen are preparing a spectacular welcoming stunt to greet these leaders on Friday, but they need our help to fund the sound systems, props, and media recruiting to make it work.**

'News just broke that three major world leaders -Obama, Brazil's Lula, and Japan's Hatoyama -are personally traveling to Copenhagen, site of the crucial UN climate talks. The only problem is, those talks aren't until December - but the leaders are heading to Copenhagen this Friday to lobby for the 2016 Olympic Games.

Right city, gentlemen ... wrong issue.

However, if we can get Obama and Hatoyama to commit to return to Copenhagen in December, the world's hopes for a strong global climate deal will soar. It's one thing for decision-makers to send diplomats to negotiations. But when the heads of government go themselves and meet face to face - putting their reputations on the line for a good outcome - incredible things can happen.

That's why Brazil's Lula has already agreed to go. But what about the US and Japan - two of the world's biggest greenhouse gas emitters? Let's give Obama and Hatoyama a chance to prove that they care about the fate of Planet Earth at least as much as they want the Olympics - by asking them to return to Copenhagen in December.

These fun stunts can make a difference: A similar campaign helped persuade UK prime minister Gordon Brown to pledge to attend the December climate talks. Avaaz members handed him a huge invitation at the G8 summit in July - and last Monday, on a phone call with an Avaaz member during the Global Climate Wake-Up Call, he made the promise to personally head to Copenhagen!

And even if these leaders aren't yet ready to commit to joining the climate talks, we can make a difference just by showing them, everywhere they go, that people around the world want action on climate change. Hatoyama and Obama have promised bold changes in their countries' responses to the climate crisis. It's all of our job to show them how critical it is that they keep their word.

With last week's global wake-up call, we showed - with events in more than 130 countries! - that people everywhere are ready for action. The sprint to Copenhagen has begun. Together, let's sieze this and every moment -we've no time to miss even a single step.'

** Just 2000 of us donating the price of a cup of coffee would cover the bill - click here to contribute: https://secure.avaaz.org/en/fund_the_copenhagen_flashmob

Greener Healthcare

'The Campaign for Greener Healthcare is a small, dynamic group. We work with partner organisations to get things done, without duplicating efforts already underway. Our activities include:

Diagnostics - helping hospitals and health centres find out what's wrong

Therapies - helping NHS Trusts choose the right path to become greener, by:

  • Pulling together the evidence on sustainable interventions
  • Practical Handbooks and Toolkits for healthcare organisations
  • Supporting doctors and nurses in leading clinical transformation
  • Showcasing all current efforts at Greening the NHS'

The End of Money and the Future of Civilization; The Constant Economy - Book Reviews



Excerpt from review of 'The End of Money and the Future of Civilization' by The Ecologist:

'Thomas H Greco Jr's new book on money challenges the growth fetish and gives practical examples of how community-based exchange systems can save the economy, and the environment, from collapse:

In the wake of the financial and banking crisis, this book is a timely reminder of the need to change a system that no longer works.

Aimed at social entrepreneurs, business people, government officials and anyone curious to know how money and the economy operates, 'The End of Money' is the fourth book by a leading authority on free market approaches to money and finance...

The author's central argument is that money as we know it now will become obsolete, though exchange will continue. How all this unfolds is explained in a chronological way, starting with the history of American banking and the export of such banking principles to countries around the world...

The present global monetary system perpetuates economic growth that is detrimental to the environment and democratic institutions and the fabric of society. The author contends that exponential economic growth is resulting in shortages in energy, fresh water and food.

In the age of climate change and the financial crisis, this is all too apparent. Exponential economic growth is not sustainable and Greco prophesises, ‘It seems that all our institutions and structures upon which we depend are breaking down.'

What then is the solution or solutions? Greco proposes a variety of solutions from a complete web-based trading system to creating local, community- based exchange systems which can be linked to regional, national and international networks. Examples of the ‘banjar' system in Bali, Indonesia and the Mondragon cooperatives in northern Spain shows a workable community based exchange system...

A refreshing read into the what ails of the current global financial system. The book leaves you thinking that given the political will and empowerment of grassroots and community -based systems, the environment and civilisation as we know it is not doomed after all.'





Excerpt from review of 'The Constant Economy' by The Ecologist:

'For most environmentalists, the title will be highly misleading. This is not a book about no-growth, low-growth or steady-state economics. It contains no mention of Herman Daly, and its only brush with economics is to decry our fascination with the metric of Gross Domestic Product as a means by which to measure social progress. If you’re looking for a treatise on radical economic models, look elsewhere...

A manifesto for real change...the book is structured by chapters into key issues – ‘An Energy Revolution’, ‘Built to Last’, ‘A Zero-Waste Economy’ – and each concludes with a panel of ‘Voter Demands’ – simple, realistic actions with which readers can either approach their local MPs, or use to hold those in power to account...

Several years of political report writing has given the author a huge command of ‘best practice’ examples that work in the real world. So it is we learn about ‘participatory budgets’ in Brazil, where local people make decisions on public spending; the huge success of decentralised combined heat and power (CHP) systems in Denmark; self-sufficient ecological housing developments in Nottinghamshire and cradle-to-cradle manufacturing models in the carpet industry.

Such is the scope of the book that it would almost be possible to sit with it on your lap during the Copenhagen talks, silently ticking or crossing off its welter of policy demands as they are discussed by UN negotiators. But this would be to miss the point: the book is designed to be used pro-actively, not retrospectively...'