New York Times
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Banks Are Increasingly Doing Environmental Due Dilligence
The New York Times is reporting that major multinational banks are growing weary of delivering debt to industrial extraction projects, such as mountaintop removal coal mining in West Virginia. The piece looks at a recent policy shift by Wells Fargo in providing financing for coal projects: “In the most recent example, the banking giant Wells […] More
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Do Cage-Free Eggs Matter?
Last Sunday’s New York Times Week in Review section took a look at burgeoning cage-free regulations for egg-laying hens in California, Oregon, Arizona, Colorado, Michigan, Ohio, Florida and Maine. Currently only 2% of America’s hens are raised outside of battery cages (8 x 8 inches allotted to each bird; 6 birds to a cage). After […] More
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Does Terrorism Have An Economic Motive?
In the world Islamic fundamentalism, most of us believe that terrorism is brought about by religious bias. But the terrorist might in fact have an economic motive. It is abundantly clear that he who risks and often sacrifices his own life in the very act of creating terror does not have a personal economic motive however it is likely that he is motivated to destroy economies. Wealth, abundance and prosperity after all symbolize the ‘evil’ that the Islamist sees as an adversary.
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Bailout Rejected: Will Free Market Economics Sustain Us After All?
It’s official, according to the New York Times, the bailout proposition has been rejected by the House of Representatives. The Dow Jones just plunged more than 400 points and America is standing up for itself as the bastion of free market economics!
According to the New York Times, “supporters of the bailout proposal had argued that it was necessary to avoid a collapse of the economic system, a calamity that would drag down not just Wall Street investment houses but possibly the savings and portfolios of millions of Americans. Opponents said the bill was cobbled together in too much haste and might amount to throwing good money from taxpayers after bad investments from Wall Street gamblers.”
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