The global economy grew 3.8 percent in 2011, a drop from 5.2 percent in 2010. Economists had anticipated a slowdown, but this was even less growth than expected, thanks to the earthquake and tsunami in Japan, unrest in oil-producing countries, the debt crisis in Europe, and a stagnating recovery in the United States.
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October 7, 2009 Our Global Ponzi Economy Lester R. Brown Our mismanaged world economy today has many of the characteristics of a Ponzi scheme. A Ponzi scheme takes payments from a broad base of investors and uses these to pay off returns. It creates the illusion that it is providing a highly attractive rate of […]
Last week I wrote about how much of my hard work when I toiled away for a large advertising agency (definitely NOT sustainability-minded) ended up contributing to the problems facing humanity. It didn’t get me much further ahead financially, either. When I think about sustainability, I’ve come to the conclusion it needs to be something […]
For those of you who are stumped about gifts this holiday there is probably a reason. You ask yourself- what do we actually need? Amidst all of the news of poverty and destruction, most of us find ourselves in the upper economy and hopefully and simply grateful for what we have already. Our culture has […]