Who Are the Biggest Corporate Welfare Moochers?

Stephan:  We won't allocate enough money to see that our children are properly nourished; we have meager funds to help the homeless; and low income elders are pretty much on their own. But we just can't shovel enough money into the coffers of big corporations. When we talk about welfare we should talk about the big welfare recipients — large corporations.
General Electric plant in Cincinnati, Ohio Credit: www.wcpo.com

General Electric plant in Cincinnati, Ohio
Credit: www.wcpo.com

Two-thirds of the $68 billion in business grants and tax credits awarded by the federal government since 2000 went to 528 companies. Nearly 80 percent of the hundreds of billions of dollars in federal loans, loan guarantees, and bailout assistance awarded during that period went to just 12 American and foreign banks. (emphasis added) Overall, the lion’s share of federal subsidies and other financial support meant to spur domestic job creation and investment has gone to a relatively select group of banks, energy companies, and government contractors.

Those are the key findings of the nonprofit watchdog Good Jobs First, which expanded its Subsidy Tracker database to include information on 164,000 awards from 137 federal programs over the last 15 years. Subsidy Tracker, launched in December 2010, also includes information about 277,000 awards from 567 state and local government programs. The database tracks more than 1,800 parent companies.

Of particular interest to the Project On Government Oversight are the […]

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The #1 threat to peace in the world? World polling suggests it’s the United States

Stephan:  As you read this think about what has happened to the United States from the time of the Marshall Plan when people around the world looked to the U.S. as an exemplar of what a modern society should be, until today when we are the most feared nation in the world, the number one threat to peace. This didn't happen to us, we did it to ourselves, and only we can undo it.    
Credit: Shutterstock

Credit: Shutterstock

The highly controversial speech by Israeli Prime Minister Benjamin Netanyahu’s to Congress had one purpose: to convince U.S. officials and the Israeli and American public that Iran and its nuclear energy program poses a dire threat. “Iran’s regime poses a grave threat, not only to Israel, but also the peace of the entire world,” Netanyahu said.

The U.S. Congress certainly agrees with Netanyahu. But much of the rest of the world thinks Iran has a right to enrich uranium, which is at the heart of the dispute between the U.S. and Israel and Iran. More importantly, the rest of the globe thinks the United States is the biggest threat to peace. In early 2014, Gallup International/WIN released its annual global survey based on research conducted the previous year. The most striking statistic was that 24 percent of people around the world believe that the U.S. poses the greatest threat to peace. The runners-up were far behind: eight percent of respondents thought Pakistan was the greatest threat, while six […]

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Costa Rica Has Gotten All Of Its Energy From Renewables For 75 Days Straight

Stephan:  Here is what is possible when a modest country, its government and people, decides to cooperate with nature instead of trying to dominate the Earth's meta-systems. Note that in addition to the environmental benefits as a result of these life-affirming policies the cost of power to ordinary folk decreased by 12 per cent.
Costa Rica Credit: Shutterstock

Costa Rica
Credit: Shutterstock

Costa Rica got 100 percent of its energy from renewables for 75 days straight this year, the state-run Costa Rican Electricity Institute (ICE) announced this week. (emphasis added)

The Latin American country hasn’t had to use fossil fuels at all so far in 2015, due to heavy rains that have kept hydroelectric power plants going strong. Wind, solar, biomass, and geothermal energy have also helped power the country this year.

“The year 2015 has been one of electricity totally friendly to the environment for Costa Rica,” ICE announced in a press release in Spanish this week.

 This reliance on renewables has prompted the country to lower electricity rates by 12 percent. ICE predicts that rates will continue to drop for Costa Rican customers in the second quarter of the year. (emphasis added)

In 2009, Costa Rica announced its goal of becoming carbon-neutral by 2021. Already, Costa Rica gets about 88 percent of its total electricity from renewable sources. Hydroelectric plants supply the […]

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Depaving Cities, Undamming Rivers: How We’re Undoing the Damage

Stephan:  I think this article is a little more optimistic than I am, but while we may not agree on the scale of the trends, these are good trends.
Elwha Dam removal in Washington Credit: www.kimatv.com

Elwha Dam removal in Washington
Credit: www.kimatv.com

Releasing the Rivers

The largest dam-removal project in history reached completion last fall, when excavators dredged the final tons of pulverized concrete from the Elwha River channel in Western Washington. Native fish, banished for 100 years from their historic spawning habitat, already were rediscovering the Elwha’s newly accessible upper stretches. Within weeks of the final explosion in August, threatened bull trout and chinook salmon were spotted migrating beyond the rubble.

“It was a thrill,” said Olympic National Park spokeswoman Barb Maynes. Before the Elwha Dam was built in 1910, the river produced an estimated 400,000 fingerlings per year, a number that dwindled to 3,000 in recent decades. All five native species of Elwha salmon are expected to repopulate the river.

More than 80,000 dams more than six feet high block U.S. waterways, and activists are cheered by the Elwha success story. Two hydroelectric dams once blocked the Elwha; both now are gone. Sediment that was trapped behind them is washing downstream, replenishing habitat. The […]

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U.N. Report Warns Of Stunning 40% Global Fresh Water Shortfall By 2030

Stephan:  Water issues are beginning to pop up more and more, and the story just gets more desperate and alarming. Now you can see why the uber-rich are buying up water resources as fast as they can. Whoever owns the liquid of life will be very powerful. Water is destiny.

Water droppletShortages of fresh water for human consumption and farming could reach crisis proportions in just 15 years, with a stunning 40% shortfall in fresh (including drinkable) water by 2030, according to a UN Report released today:

Many underground water reserves are already running low, while rainfall patterns are predicted to become more erratic with climate change. As the world’s population grows to an expected 9 billion by 2050, more groundwater will be needed for farming, industry and personal consumption.The report predicts global water demand will increase 55 percent by 2050, while reserves dwindle. If current usage trends don’t change, the world will have only 60 percent of the water it needs in 2030, it said.

The United Nations World Water Development Report (.pdf here) is a comprehensive review of the condition of the world’s freshwater supplies. Its purpose is to provide those countries with intelligent and forward-thinking leadership the tools necessary to plan for the implementation of sustainable water usage:

The WWDR is targeted to all those involved in the formulation and implementation of water-related policies and investment strategies, […]

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