economy Stop worrying. The finance sector isn’t destroying the economy By webfeeds.brookings.edu Published On :: Thu, 21 Apr 2016 12:13:00 -0400 A major oil spill will result in cleanup spending that boosts GDP, but no one thinks oil spills are good. Oil spills and other forms of pollution are examples of negative externalities — harm caused to others by the economic activity of a firm or industry. These externalities represent a failure of the market, and unless there is corrective action, their presence means that there is too much production of something that causes negative spillovers. That criticism can be applied to the financial services industry. Many say that it grew too large, triggered a financial crisis and damaged the rest of the economy. Is that still the case, and is financialization spoiling the economy? Despite the alarmist rhetoric around today’s finance sector, the answer is generally “no” because of changes made to financial regulation. First, a check on the facts: How large is the industry and how much has it grown? The broad definition of the financial sector includes finance, insurance and real estate, known by the acronym “FIRE.” It was 17.5 percent of gross domestic product in 1990 and rose to 20.0 percent in 2014, but that figure is misleading as it includes office and apartment rents and leases — stuff that has little to do with Wall Street. Finance and insurance separately peaked well before the financial crisis at 7.7 percent of GDP, which was up from 5.8 percent in 1990. In 2014, it was 7.0 percent of GDP. Employment in finance and insurance has been on a downtrend since 2003 and is currently 4.25 percent of total nonfarm payrolls. Most of those jobs are in offices and bank branches around the country. (The output data given here are drawn from the Bureau of Economic Analysis, GDP by Industry data. The employment data are from the Bureau of Labor Statistics, Payroll Employment data. Author’s calculations.) Still, salaries and bonuses at the top are extremely attractive, so perhaps the externality plays out by drawing the best and brightest away from other more productive activities. The Harvard Crimson reported that in 2007, 23 percent of graduating Harvard seniors said they planned to enter finance. That is an impressive number, but things turned around sharply, with the 23 percent figure falling to 11.5 percent in 2009 after the financial crisis. At this point, the financial industry really isn’t large enough to crowd out other parts of the economy. Meanwhile, the insurance industry serves an important social purpose providing life, property, and casualty insurance. AIG got into trouble in the crisis because it strayed into providing very risky financial services, not because of its main insurance business. Likewise, the core value of banks is financial intermediation between savers and investors, giving savers relatively secure and liquid assets while also funding investment. There are critics of how well our banking industry serves this core purpose, a quality that is hard to determine. My judgment is that it does the job pretty well compared to most other countries. As the IMF reported in September 2015, the non-performing loan problem among European banks remains severe, whereas most U.S. banks now have strong balance sheets. Good financial intermediation means that most of the savings dollars are transferred to investors and are not lost through inefficient bank operations. A 2002 study that I participated in found bank productivity higher in the United States than in France or Germany. The parts of the financial sector that give rise to the most concern are market-making, deal-making and the creation and trading of derivatives on Wall Street. The volume of market trading has increased exponentially because of the increased speed of computers and communications. Up to a certain point, the increased volume is helpful because it adds to the liquidity of markets, but the advent of high-frequency trading has taken us over the top. As Michael Lewis describes in his book Flash Boys, the high speed traders are finding ways to shave milliseconds off the time needed to make trades. That is thoroughly wasteful. As for deal-making, it has been going on for a long time — indeed the go-go years for deals were in the 1980s — so it is hard to blame the recent slowing of economic growth on this activity. Still, the explosion of derivatives and other overly-complex instruments was problematic, and it is crystal clear that the mortgage market became too opaque and removed accountability from the system. The layering of complex derivatives on top of lousy mortgages (and other shaky assets) distorted the economy, resulted in the overbuilding of houses, and caused the financial crisis. There are plenty of people at fault besides the bankers, but the smart people on Wall Street were driving the process, and they should have known better. The excessive financialization obscured the reality of loans that depended upon ever-rising home prices and thus were never going to be paid back. There was an externality because the private calculations of potential profit ignored the risks being imposed on society. Is that still the situation today? No. Things have changed. Banks and other financial institutions that create risks for the whole economy are now required to hold sufficient capital to cover losses even in periods of economic and financial stress, plus a liquidity buffer (they must pass “stress tests” administered by the Federal Reserve). The screws have been turned pretty tight, and the owners of large financial institutions will bear the costs of future failures — not taxpayers. This brings private incentives in line with the public interest, getting rid of the externality that gave us too much financialization in the first place. But to keep the future safe, we’ll have to make sure no one forgets what happened in the last crisis, and ensure that new risks are not created in other, less-regulated parts of the industry. Editor's note: This piece originally appeared in the Washington Post. Authors Martin Neil Baily Publication: Washington Post Image Source: © Jo Yong hak / Reuters Full Article
economy What is the role of government in a modern economy? The case of Australia By webfeeds.brookings.edu Published On :: Fri, 01 Jul 2016 10:00:00 -0400 Australia's economic performance has been the standout among advanced economies for several decades. With economic growth at nearly twice the pace of US or Germany over the past decade, a remarkable 25 years without a recession and a large, highly competitive mining sector despite the end of the resources boom, Australia remains a strong economic participant in a region of the world where future global growth is likely to be generated. But with drivers of growth over the past 25 years unlikely to be the engines of growth in coming decades, now is not a time for complacency. And if there's one lesson from Britain's decision to leave the EU, it's that that disruptive forces are sweeping through the global economy. Australia, with its cohesive politics and economic success, has been able to avoid the worst of these problems, but the dangers are present if the economic challenges are not met. To start with, the impacts of the reforms of the 1980s and 1990s are fading. The investment boom in mining is over, and the prices for mining and agricultural exports will probably remain subdued with slower growth in China. While Australia's incomes were boosted by the improved terms of trade, this has partially reversed. The housing boom will inevitably eventually slow. As evidenced by the results of the Brexit referendum, there is a distrust of the political and economic elites that have led the world's biggest economies. Disruptive, rapid changes in technology have not led to broad-based productivity growth. Workers in many countries have been left with stagnant incomes and governments with rising public debt. Industry policy has a bad name among American economists who see it as a manifestation of "capture" where special interests are able to obtain subsidies from taxpayers or special protections that are not in the national interest. The modern theory of industry policy, however, recognises that a well-designed policy can actually help markets work better, therefore helping an economy like Australia's make the transition to a new growth path when faced with changing economic conditions. Productivity is the key to high growth and rising incomes – and well-designed industry policy can help. Structure of trade competitiveness Take, for example, Australia's manufacturing sector. Mostly because of comparative advantage, it is the smallest among all advanced economies relative to the size of its economy. In 2010, Germany had 21.2 per cent of its workforce in manufacturing while Australia's was 8.9 per cent. While it's not surprising that Australia's structure of trade competitiveness differs from Germany's because of its enormous export strength of mining and agriculture, it will benefit by taking advantage of its highly skilled workforce and the potential to develop industries based on this human capital – including advanced manufacturing industries. One of the traditional strengths of the American economy is the close link that exists between leading universities and businesses – an area Australian policymakers are seeking to improve upon. At MIT and Stanford, professors of engineering, biology, finance or economics finish their lectures and head off to the companies they run or advise. They often enlist graduate or undergraduate students to help them with their commercial projects and these collaborations often result in jobs as well as experience. There is a danger in this model if pure research loses out to business interests, but the interaction between academia and the practical needs of companies can largely improve both research and business profitability. It's worth recalling that even the giants of science in the 18th century were motivated by the need to improve navigation or build new machines or design buildings. Funding for research should support greater industry-university cooperation as highlighted by the Watt Review. Another important element in Australia's continued economic success is the growth of its service industries. With most jobs in these industries, the performance and productivity of services will be the largest determinant of Australia's living standards. Productivity comparisons between Australia and the United States show that Australian productivity lagged behind the US as recently as the mid-1990s, but there has since been substantial catch-up taking place. Smart regulation that promotes competition and rewards innovation are necessary to bring up the laggards. While there is a continuing debate about the possible end of productivity growth in advanced economies, Australia can still do much to catch up to global best practice. The winners of this weekend's election will be charged with answering an important question: what is the role of government in a modern economy? How they answer that will determine future prosperity for all Australians. High taxes, large government, poorly regulated markets (particularly labour markets), excessive debt and poor infrastructure undermine the drivers of growth. The realities of a fragile global economy and the need to build a solid foundation to generate productivity growth in Australia must be at the core of the policies that follow this election campaign. Martin Baily is a senior fellow at the Brookings Institution in Washington and a former chair of the US President's Council of Economic Advisers. He has been invited by the Australian Ministry of Industry Innovation and Science to report on lessons from the US for policies to enhance economic growth, innovation and competitiveness. Warwick McKibbin AO, is the director of the Centre for Applied Macroeconomic Analysis in the ANU Crawford School of Public Policy and is a non-resident senior fellow at the Brookings Institution. Editor's note: this opinion first appeared in Australian Financial Review. Authors Martin Neil BailyWarwick J. McKibbin Publication: Australian Financial Review Full Article
economy COVID-19 is hitting the nation’s largest metros the hardest, making a “restart” of the economy more difficult By webfeeds.brookings.edu Published On :: Wed, 01 Apr 2020 19:16:34 +0000 The coronavirus pandemic has thrown America into a coast-to-coast lockdown, spurring ubiquitous economic impacts. Data on smartphone movement indicate that virtually all regions of the nation are practicing some degree of social distancing, resulting in less foot traffic and sales for businesses. Meanwhile, last week’s release of unemployment insurance claims confirms that every state is seeing a significant… Full Article
economy A social distancing reading list from Brookings Global Economy and Development By webfeeds.brookings.edu Published On :: Fri, 27 Mar 2020 15:27:31 +0000 During this unusual time of flexible schedules and more time at home, many of us may have increased opportunities for long-form reading. Below, the scholars and staff from the Global Economy and Development program at Brookings offer their recommendations for books to read during this time. Max Bouchet recommends The Nation City: Why Mayors Are… Full Article
economy Educational equality and excellence will drive a stronger economy By webfeeds.brookings.edu Published On :: Thu, 02 Mar 2017 14:00:36 +0000 This election taught me two things. The first is obvious: We live in a deeply divided nation. The second, while subtle, is incredibly important: The election was a massive cry for help. People across the country–on both sides of the political spectrum–feel they have been left behind and are fearful their basic needs will continue… Full Article
economy Free college for all will power our 21st-century economy and empower our democracy By webfeeds.brookings.edu Published On :: Mon, 17 Sep 2018 12:00:05 +0000 Education beyond high school is essential for Americans to prosper in the 21st century. Looking into the past, we have seen the majority of those earning a college degree or other postsecondary credential achieve higher earnings, quality of life, civic engagement, and other positive outcomes. Looking ahead, we see a new future where the vast… Full Article
economy Webinar: Reopening the coronavirus-closed economy — Principles and tradeoffs By webfeeds.brookings.edu Published On :: Tue, 28 Apr 2020 13:55:02 +0000 In an extraordinary response to an extraordinary public health challenge, the U.S. government has forced much of the economy to shut down. We now face the challenge of deciding when and how to reopen it. This is both vital and complicated. Wait too long—maintain the lockdown until we have a vaccine, for instance—and we’ll have another Great Depression. Move too soon, and we… Full Article
economy Transportation and the Economy By webfeeds.brookings.edu Published On :: Mon, 30 Nov -0001 00:00:00 +0000 Opportunity 08 hosted U.S. Transportation Secretary Mary Peters for a discussion of America's transportation infrastructure. Secretary Peters focused on the challenges facing the nation’s transportation network, and how local, state and national leaders can take advantage of new technology and approaches to unleash a new wave of transportation investments in this country. Full Article
economy Webinar: Reopening the coronavirus-closed economy — Principles and tradeoffs By webfeeds.brookings.edu Published On :: Tue, 28 Apr 2020 13:55:02 +0000 In an extraordinary response to an extraordinary public health challenge, the U.S. government has forced much of the economy to shut down. We now face the challenge of deciding when and how to reopen it. This is both vital and complicated. Wait too long—maintain the lockdown until we have a vaccine, for instance—and we’ll have another Great Depression. Move too soon, and we… Full Article
economy Building the SDG economy: Needs, spending, and financing for universal achievement of the Sustainable Development Goals By webfeeds.brookings.edu Published On :: Mon, 21 Oct 2019 18:56:39 +0000 Pouring several colors of paint into a single bucket produces a gray pool of muck, not a shiny rainbow. Similarly, when it comes to discussions of financing the Sustainable Development Goals (SDGs), jumbling too many issues into the same debate leads to policy muddiness rather than practical breakthroughs. For example, the common “billions to trillions”… Full Article
economy A social distancing reading list from Brookings Global Economy and Development By webfeeds.brookings.edu Published On :: Fri, 27 Mar 2020 15:27:31 +0000 During this unusual time of flexible schedules and more time at home, many of us may have increased opportunities for long-form reading. Below, the scholars and staff from the Global Economy and Development program at Brookings offer their recommendations for books to read during this time. Max Bouchet recommends The Nation City: Why Mayors Are… Full Article
economy The G-20 Los Cabos Summit 2012: Bolstering the World Economy Amid Growing Fears of Recession By webfeeds.brookings.edu Published On :: Fri, 08 Jun 2012 14:48:00 -0400 Leaders will head to the G-20 Summit in Los Cabos, Mexico, among renewed serious concern about the world economy. The turmoil that started with the U.S. subprime mortgage crisis has resulted in now almost five years of ongoing instability. The emerging market economies fared much better than the advanced economies and pulled out of the crisis already in 2009, but the slowdown we are now facing in 2012 is again global, demonstrating the interdependence in the world economy. The emerging market economies have stronger underlying trend growth rates, but they remain vulnerable to a downturn in the advanced economies. The center of concern is now squarely on Europe, with a recession threatening most European countries, even those that had reasonably good performances so far. After an encouraging start in 2012, the U.S. economy, while not close to a recession, is also showing signs of a slowdown rather than the hoped for steady acceleration of growth. And the slowdown is spreading across the globe. At a time like this it would be desirable and necessary that the G-20 show real initiative and cohesion. The essays in this collection look at the challenge from various angles. There is concern that the G-20 is losing its sense of purpose, that cohesion is decreasing rather than increasing, and that policy initiatives are reactive to events rather than proactive. Let us hope that at this moment of great difficulty, the G-20 will succeed in giving the world economy a new sense of direction and confidence. It is much needed. Download » (PDF) Image Source: Andrea Comas / Reuters Full Article
economy Webinar: COVID-19 and the economy By webfeeds.brookings.edu Published On :: Fri, 27 Mar 2020 17:35:41 +0000 With more than 1,000 deaths, 3 million and counting unemployed, and no definite end in sight, the coronavirus has upended nearly every aspect of American life. In the last two weeks, the Federal Reserve and Congress scrambled to pass policies to mitigate what will be a very deep recession. Americans across the country are asking—… Full Article
economy Open for business: Building the new Cuban economy By webfeeds.brookings.edu Published On :: Tue, 31 May 2016 17:30:00 -0400 Event Information May 31, 20165:30 PM - 7:00 PM EDTFalk AuditoriumBrookings Institution1775 Massachusetts Avenue, N.W.Washington, DC 20036 For Cubans, “D17”—December 17, 2014—changed everything. On that day, the United States and Cuba announced that the two countries would renew diplomatic relations nearly 60 years after Fidel Castro came to power. For both countries, a new transformation has begun—but this time, it is the promise of Cuba’s insertion in the globalized economy and the crumbling U.S. embargo that is catalyzing change on the island. On May 31, the Brookings Book Club hosted Nonresident Senior Fellow Richard E. Feinberg and NPR Correspondent Tom Gjelten for a discussion of Feinberg’s new book, “Open for Business: Building the New Cuban Economy” (Brookings Institution Press, 2016). The discussion focused on the factors that guided this monumental decision: international diplomacy; changes already underway in Cuba; successful Cuban entrepreneurs and foreign investments; and scenarios for Cuba’s future development path. Three young Cuban leaders, including two whose vignettes appear in the book, “Open for Business,” joined the discussion and shared their personal experiences with the economic realities in Cuba today, as well as the opportunities created by the shift in Cuban-American relations. Video Open for business: Building the new Cuban economy Audio Open for business: Building the new Cuban economy Transcript Transcript (.pdf) Event Materials 20160531_cuba_economy_transcript Full Article
economy Iran’s economy 40 years after the Islamic Revolution By webfeeds.brookings.edu Published On :: Thu, 14 Mar 2019 18:01:37 +0000 Unlike the socialist revolutions of the last century, the Islamic Revolution of Iran did not identify itself with the working class or the peasantry, and did not bring a well-defined economic strategy to reorganize the economy. Apart from eliminating the interest rate from the banking system, which was achieved in name only, the revolution put… Full Article
economy Tidal Power Could Inject £3 Billion Each Year Into UK Economy By www.treehugger.com Published On :: Tue, 31 Jul 2012 14:30:00 -0400 By 2050 wave and tidal power could supply 11% of current UK electricity demand. Full Article Energy
economy Could photography and the "sharing economy" mindset disrupt trophy hunting? By www.treehugger.com Published On :: Thu, 17 Oct 2013 13:11:13 -0400 The sharing economy is all about access instead of ownership. Can this mindset be expanded to help hunters rethink what they value when it comes to trophy hunting? Full Article Living
economy The philosopher's stone for a new era: quest for a cheap hydrogen economy By www.treehugger.com Published On :: Wed, 16 Sep 2015 08:08:54 -0400 Hydrogen is abundant in water and full of energy. We just need a cheap way to get the hydrogen where we need it. Full Article Energy
economy EPA to revisit and probably roll back fuel economy standards By www.treehugger.com Published On :: Thu, 16 Mar 2017 09:53:01 -0400 Because America needs more SUVs and pickup trucks to be great again Full Article Transportation
economy Board game introduces pathways to a competitive bioeconomy using hemp & bamboo By www.treehugger.com Published On :: Wed, 09 Dec 2015 17:00:18 -0500 This Monopoly alternative is designed to act as a walkthrough of the concepts of a new economically and ecologically viable "Industrial Evolution" based on a renewable bioeconomy. Full Article Living
economy Is The Post-Fossil Fuel Economy Already Emerging? By www.treehugger.com Published On :: Wed, 14 Nov 2012 06:31:49 -0500 Growing bike sales, a boom in sharing, and an interest in growing your own food are ust some of the signs that we could be moving beyond our current energy paradigm. Add your own to the list. Full Article Business
economy The Ontario Beer Store is a model for the circular economy By www.treehugger.com Published On :: Tue, 28 May 2019 13:25:24 -0400 It's being killed the name of "convenience." Full Article Business
economy Will cleaner fuel for ships wreck the economy and worsen global warming? By www.treehugger.com Published On :: Tue, 30 Oct 2018 08:30:32 -0400 That's what a lot of people are saying as new pollution rules for 2020 get closer. Full Article Business
economy On MNN: Edward Burtynsky, Noma Restaurant and the future of the Sharing Economy By www.treehugger.com Published On :: Thu, 17 Sep 2015 16:15:08 -0400 A TreeHugger hero visits our sister site. Full Article Living
economy Throwaway Economy Headed for Junk Heap of History By www.treehugger.com Published On :: Thu, 12 Jul 2012 13:48:00 -0400 The challenge is to re-evaluate the materials we consume and the way we manufacture products so as to cut down on waste. Full Article Energy
economy The sharing economy is here to stay By www.treehugger.com Published On :: Wed, 13 Feb 2013 08:30:00 -0500 According to Forbes, revenue from the sharing economy will surpass $3.5 billion this year. Full Article Business
economy The Economist puts the 'sharing economy' on the cover By www.treehugger.com Published On :: Wed, 13 Mar 2013 13:57:22 -0400 For years we've been talking about renting or borrowing rather than owning. There are so many things that people own but rarely use... Full Article Business
economy The Kitchen Library is the latest idea in the sharing economy By www.treehugger.com Published On :: Mon, 09 Dec 2013 12:59:00 -0500 Why own a fondue pot when you can borrow one? Full Article Design
economy What exactly is the "Sharing Economy" these days? Sometimes it smells like something else By www.treehugger.com Published On :: Wed, 18 Jun 2014 13:32:16 -0400 There is sharing, there is abuse, and there is theft. Susie Cagle takes a tough look at the subject. Full Article Business
economy The sharing economy comes home in Cohousing By www.treehugger.com Published On :: Tue, 02 Sep 2014 13:21:51 -0400 Copper Lane, a cohousing project in London, shows how design by committee doesn't have to look like a camel. Full Article Design
economy The sharing economy comes into the commercial kitchen By www.treehugger.com Published On :: Mon, 29 Sep 2014 10:49:03 -0400 Commercial kitchens are really expensive to build. Why not share? Full Article Business
economy The sharing economy, Cadillac style By www.treehugger.com Published On :: Fri, 20 Jan 2017 13:51:21 -0500 Cadillac introduces BOOK, which lets you book the car you want when you want it. We should all be so lucky. Full Article Transportation
economy Grobike brings the sharing economy to kids’ bikes By www.treehugger.com Published On :: Wed, 08 Nov 2017 08:19:39 -0500 Why buy a kid's size bike when you can rent the right size bike every year? Full Article Transportation
economy What Is The Gift Economy & Why Do We Need It So Badly? Charles Eisenstein Explains (Video) By www.treehugger.com Published On :: Thu, 01 Mar 2012 15:51:00 -0500 Watching this video on Sacred Economics may be the best 12 minutes and 18 seconds you spend today. Full Article Business
economy Lyft backs lawsuit against EPA fuel economy roll back By www.treehugger.com Published On :: Wed, 20 Feb 2019 06:54:46 -0500 Big Auto is increasingly coming up against Big Tech. Full Article Transportation
economy Global Economy Expanded More Slowly Than Expected in 2011 By www.treehugger.com Published On :: Thu, 16 Feb 2012 10:55:00 -0500 Without a more comprehensive vision of economic health and better ways to measure it, we are flying blind on a path to economic decline and collapse. Full Article Business
economy How Reclaimed Hand Tools Can Revive the Local Economy (Video) By www.treehugger.com Published On :: Wed, 09 Nov 2011 08:14:49 -0500 One craftsman is on a mission. Not only is he reclaiming and repairing quality hand tools. He is taking on corporate hegemony in the process. Full Article Business
economy More Americans Drinking BPA in Canned Beer, Thanks to Economy and Pabst Drinking Hipsters By www.treehugger.com Published On :: Wed, 20 Jun 2012 16:19:00 -0400 Beer cans are lined with the stuff, but hey, thats the price you pay for convenience. Full Article Living
economy How to start a circular economy in your hometown By www.treehugger.com Published On :: Thu, 12 Mar 2020 14:09:59 -0400 Fed up with the disposable culture we all live in, two women from Portland, Oregon, founded a low-waste company to help the entire city cut back on plastic. Full Article Business
economy What Role Do Carbon Offsets Play in a Struggling Economy? Q&A with the Carbon Neutral Company By www.treehugger.com Published On :: Mon, 30 Jan 2012 14:42:23 -0500 Are carbon offsets still relevant in turbulent economic times, and how has the concept evolved? Join us for a live chat with the Carbon Neutral Company to find out. Full Article Business
economy Greener growth could give $26 trillion boost to the world economy By www.treehugger.com Published On :: Thu, 06 Sep 2018 06:54:46 -0400 "Can we afford to take action?" just became "Can we afford not to?" Full Article Business
economy The circular economy comes to your living room By www.treehugger.com Published On :: Mon, 05 Aug 2019 14:55:50 -0400 How to choose things for your home that have had, or can have, second lives. Full Article Design
economy Walmart Introduces Supercube Tractor Trailers to increase fuel economy, get trucks off the road By www.treehugger.com Published On :: Fri, 31 May 2013 10:12:00 -0400 There are a lot of good ideas in this truck; will they catch on? Full Article Business
economy Natural gas (and the hydrogen economy) is a bridge to nowhere By www.treehugger.com Published On :: Mon, 20 Jan 2020 09:19:55 -0500 Everybody is hopping on the hydrogen train, but it's being driven by natural gas. Full Article Business
economy Creating a market for recycled materials in the new plastics economy By www.treehugger.com Published On :: Thu, 19 Jan 2017 09:15:00 -0500 A major brand is putting out the first fully recyclable shampoo bottle made from recycled beach plastic Full Article Business
economy California Leads the Energy Efficiency Race: American Council for an Energy-Efficient Economy Releases 2008 Scorecard By www.treehugger.com Published On :: Wed, 08 Oct 2008 14:24:34 -0400 So you think you're doing everything you can to improve your home's energy efficiency. And if you haven't done everything you can do personally, both TreeHugger and Planet Green have plenty of tips on how you can get up to Full Article Business
economy This Black Friday, Patagonia exchanges new clothing for old and invests in the sharing economy By www.treehugger.com Published On :: Thu, 27 Nov 2014 09:37:03 -0500 Patagonia's Worn Wear events, held in collaboration with sharing start up Yerdle, offer a different, more sustainable vision of Black Friday. Full Article Business
economy A hydrogen economy could be built around airships By www.treehugger.com Published On :: Fri, 02 Aug 2019 15:30:10 -0400 It could move goods, transport hydrogen, reduce CO2 and water the lawn all at once. Full Article Transportation
economy Cohousing: The real sharing economy at its best, and a great example in Berlin By www.treehugger.com Published On :: Mon, 09 Feb 2015 12:06:17 -0500 This is a housing form that we should be building a lot more of. Full Article Design
economy Building a clean energy economy that works By www.treehugger.com Published On :: Mon, 11 Nov 2013 12:45:27 -0500 Why Greens Should Support the Fight for Economic and Racial Justice Full Article Business