Global warming damaging global economy already, report finds

By Fiona Harvey, environment correspondent, www.guardian.co.uk25 September 2012 Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than $1.2 trillion, wiping 1.6% annually from global GDP, according to a new study. The impacts are being felt most keenly in developing countries, according to the research, […]

U.S. insurance companies vulnerable to extreme weather, changing climate – 2012 drought expected to cost $20 billion

Contact: Peyton Fleming, fleming@ceres.org, 617-247-0700 x 120, 617-733-666020 September 2012 Worsening weather in a warming world poses a growing risk to the financial stability of insurance companies and has broad ramifications for the economy and society, according to a new report. Stormy Future for U.S. Property and Casualty Insurers: The Growing Costs and Risks of […]

Tax cuts don’t cause economic growth: new study spanning 65 years

By Derek Thompson16 September 2012 Here’s a brief economic history of the last quarter-century in taxes and growth. In 1990, President George H. W. Bush raised taxes, and GDP growth increased over the next five years. In 1993, President Bill Clinton raised the top marginal tax rate, and GDP growth increased over the next five […]

Graph of the Day: Mitt Romney’s America

Graph by Tamino, 19 September 2012 By Rick Ungar17 September 2012 David Corn of Mother Jones Magazine has obtained a video recording of Mitt Romney speaking to a small group of wealthy contributors at a fundraiser wherein the Republican candidate reveals what he really thinks of people who he expects to vote for President Barack […]

Deposit flight from Europe banks eroding common currency

By Yalman Onaran19 September 2012 An accelerating flight of deposits from banks in four European countries is jeopardizing the renewal of economic growth and undermining a main tenet of the common currency: an integrated financial system. A total of 326 billion euros ($425 billion) was pulled from banks in Spain, Portugal, Ireland and Greece in […]

Struggling with drought, Texas town removes police chief, librarian

By Marques G. Harper   14 September 2012 JONESTOWN – Struggling with the economic effects of a two-year drought, Jonestown has shed its police chief and head librarian. With revenue down — fees from boat launches and building permits have dropped significantly, officials have said — the Lake Travis community’s City Council late Thursday unanimously approved […]

Graph of the Day: Union Membership in the U.S. and Canada, 1920-2009

Contact: Alan Barber (202) 293-5380 x11528 August 2012 Washington, D.C. (CEPR) – Unionization in the United States has been on the decline since the 1960s. While many reasons have been offered to explain this drop in the rate of unionization, a new report from the Center for Economic and Policy Research highlights the roles that […]

Georgia governor declines to declare drought

By Neela Banerjee16 September 2012 FAYETTEVILLE, Georgia (Los Angeles Times) – In this southern suburb of Atlanta, the lawns skirting the million-dollar homes are lush, and the swimming pools full. But farther south, the Flint River has thinned into mud flats at a time of year when surges of white water would normally be crashing […]

Carbon Disclosure Project: ‘Extreme weather events are causing significant financial damage to markets’

Contact: Lisa Lee, Director of Communications, CDP Headquarters, London +44 (0)7554 430 962 / +44 (0) 20 7415 7196 lisa.lee@cdproject.net Catherine von Altheer, Communications Manager, CDP Headquarters, London+44 (0) 7794 003 903 | +44 (0) 20 7970 5682 Catherine.vonAltheer@cdproject.net 12 September 2012 London – Following increasing incidents of extreme weather events which disrupted business operations […]

More than 50 million Americans short of food in 2011 – 17 million suffered ‘very low food security’

By Tami Luhby5 September 2012 NEW YORK (CNNMoney) – More than 50 million Americans couldn’t afford to buy food at some point in 2011, according to federal data. Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times. Nearly 17 […]

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