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Recent Commentary

November 26, 2008
The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle

Source: Joe Nocera, New York Times

A few weeks ago, I published an e-mail message sent to me from an executive who works in the banking industry — and had become disgusted by what he sees all around him. This weekend, that same banker sent me another e-mail...

November 26, 2008
Editorial: Tempered Waxman could yield big Energy gains

Source: Dallas Morning News

The duel last week between Democratic heavyweights Henry Waxman of California and John Dingell of Michigan was a classic insider's battle: Two tough pols trying to outmuscle each other to lead the House's influential Energy and...

November 26, 2008
The Latest Corporate Social Responsibility News - Wal-Mart Celebrates Thanksgiving by Sourcing Local Food, Supporting Hunger-Relief, and Buying Wind Power

Source: Bill Baue, CSR Wire

Last week's sudden news of Wal-Mart CEO Lee Scott handing the reins over in February 2009 to Mike Duke, the company's head of international operations, raised questions on how the new leader will steer the discounter's...

November 26, 2008
Why This Downturn Has a Green Lining

Source: Andrew Winston of Harvard Business, CSR Wire

(CSRwire) I recently wrote the opening chapter for a collection of essays from Awareness Into Action called The Sustainable Enterprise Report (it will be published in paper format soon, but you can get it now in digital format --...

November 25, 2008
Alberta Tar Sands – Oil Reserves


Source: Emily Stone, Green Century Capital Management Inc.

The tar sands in Alberta, Canada hold an estimated 60% of the world’s accessible oil reserves, but have also been deemed “the most destructive project on Earth” by Canada’s Environmental Defense and are heavily carbon- and...

November 24, 2008
Obama's Economic Tasks


Source: Forbes

Five things his new team can do to restore market confidence.

President-elect Barack Obama is scheduled to announce the core members of his economic policy team at a press conference in Chicago Monday.

 

 

November 24, 2008
What's ahead for GM?

Source: CNN Money

Nobody from Detroit got a particularly warm welcome in Washington last week, but the reception was coolest for General Motors, the largest and most vulnerable automaker.

 

November 22, 2008
Bad governance helped drive auto crisis

Source: Topeka Capital Journal

The picture of the chief executives of the Big Three automakers at the witness table last week before a congressional committee brought back memories of a similar scene 35 years ago, and some recollection of what has transpired —...

November 22, 2008
Road Ahead Is Long for G.M.

Source: Joe Nocera, NY Times

Is it really possible that General Motors has not yet begun drawing up contingency plans for a bankruptcy filing — as the chief executive, Rick Wagoner, told Congress this week?

 

 

November 22, 2008
And You Thought 1931 Was Bad for the Market

Source: Floyd Norris, New York Times

THIS is shaping up as the year when almost nothing went up.

Even after Friday’s large stock market rally, only 10 of the stocks in the Standard & Poor’s 500, the premier American stock index, are higher than they were at the...

November 22, 2008
The cure for carbon

Source: Rocky Mountain News

With the election of Barack Obama to the presidency of the United States, debates over climate policy are going to get a much needed boost. The Obama plan for climate policy includes one very good idea - investment in new...

November 21, 2008
Tribute to "Hero of the Planet" and SIF Co-Founder Joan Bavaria


Source: Social Investment Forum

SIF honors the life and accomplishments of Joan Bavaria, President and CEO of Trillium Asset Management and co-founder of the Social Investment Forum.

Joan Bavaria -- trailblazer of socially responsible investing, champion of...

November 21, 2008
Fear overtakes the markets

Source: Boston Globe

The fear in capital markets is different from the near panic experienced in September and October, before governments around the world began organizing plans to deal with a global credit freeze. The cause is different this time,...

November 20, 2008
Lawmakers Talk Trade To Obama Team

Source: CBS News

The fate of the Colombia free trade agreement is in limbo, but it looks like President-elect Barack Obama doesn’t plan to entirely ignore the hot-button issue of trade. On Wednesday, transition team members overseeing the office...

November 20, 2008
Bank Got Bailout, CEO Got Golden Parachute

Source: ProPublica - NY

The South Financial Group, South Carolina's largest bank, announced earlier this week that it had been approved to receive $347 million from the U.S. government. But the bank's founder and longtime CEO Mack Whittle won't be...

November 19, 2008
What Securitization Problem? The F.D.I.C. Weighs In

Source: Joe Nocera, New York Times

I got a call on Monday from Sheila Bair, the chairman of the Federal Deposit Insurance Corporation, and Michael H. Krimminger, the F.D.I.C.’s special adviser to the chairman for policy. They had a point they wanted to make....

November 19, 2008
“Fighting the Financial Crisis, One Challenge at a Time”

Source: U.S. Treasury Secretary Henry Paulson

New York Times, 11-18-08 - We are going through a financial crisis more severe and unpredictable than any in our lifetimes. We have seen the failures, or the equivalent of failures, of Bear Stearns, IndyMac, Lehman Brothers,...

November 18, 2008
Obama's mixed signals on transparency

Source: CNET News

How far does President-elect Barack Obama take his commitment to transparency? Is it a serious pledge to shake up Washington, to apply sunlight to the often shadowy depths of the executive branch, or is it merely a very good...

November 18, 2008
A Rescue Plan Without Taxpayer Money

Source: New York Times

HELLO, taxpayers. Worried about the fate of the $350 billion that the government has asked you to fork over so far to help rescue financiers from themselves?

 

 

November 18, 2008
The San Diego Foundation Releases Groundbreaking Study on Climate Change in San Diego

Source: MarketWatch

The San Diego Foundation's Regional Focus 2050 Study, released today, explores the impacts of climate change on San Diego into the future. While the study includes some alarming predictions, it also includes some good news -- it...

November 18, 2008
Climate Change, the Coal Business and Civil Disobedience

Source: New York Times

Where do you stand on civil disobedience? That hoary question may be taking on new relevance as environmental groups take illegal, but non-violent, measures to highlight what they call the climate crisis. The latest incident...

November 18, 2008
Can President Obama Save the Environment?

Source: The Huffington Post

President Bush has left a regulatory wasteland in his wake these last eight years, and it won't be easy for President Obama to undo all of the Bush rollbacks and fulfill the original intent of many of our nation's environmental...

November 18, 2008
MIT unlocking carbon capture and storage

Source: Clean Technology.com

Research shows CO2 capture is affordable today at coal-fired power plants and provides a framework for estimating the storage capacity for greenhouse gases underground.

 

November 18, 2008
For Wall Street, Less Is More

Source: The Wall Street Journal

Bring out the hair shirts? The decision by top executives at Goldman Sachs to join peers at Deutsche Bank and UBS in forgoing bonuses for the year is a sensible act of contrition. But it is hardly radical. Against the backdrop of...

November 17, 2008
Depression 2009: What would it look like?

Source: Boston Globe

Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one

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