You are here

Economics

Primary tabs

This working group is focused on sustainable economics and financial balance within resilient social ecologies.

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

Ebola: German ministers talks up economic recovery in West Africa

Deutsche Welle                                                                                          April 7, 2015
BERLIN --Two German federal ministers are on their way to West Africa, to offer Berlin's support as the region recovers from the effects of Ebola. They've also flagged creating specialist teams to deal with future crises.

The lawmakers, Health Minister Hermann Gröhe and Development Minister Gerd Müller...will push for a redevelopment of the affected health systems, and ways to better respond to health disasters in Africa, with a 200-million euro aid package sponsored by Germany.

Müller told the Bild newspaper that a team of "white helmets" - groups of doctors, technicians and specialists - would be set up at Germany's development agency, GIZ, to be sent anywhere in the world in three to five days.

Read complete story.

http://www.dw.de/ebola-german-ministers-talks-up-economic-recovery-in-west-africa/a-18364560

General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Energy Agency Sees More Oil Declines, Potential for Conflict

         

FILE - In this Tuesday, Oct. 14, 2014, file photo, oil pumps work at sunset in the desert oil fields of Sakhir, Bahrain. Oil prices have further to drop with no signs of slowing production in the U.S., according to the International Energy Agency, Friday, March 13, 2015. (AP Photo/Hasan Jamali, File) - Associated Press

ABC News - AP - March 13, 2015

Oil prices have further to drop with few signs of slowing production in the U.S., according to a global energy agency.

The International Energy Agency, a watchdog group based in Paris that represents the world's main oil-importing nations, said in its monthly report Friday that the recent stabilization in oil prices is "precarious."

"Behind the facade of stability, the rebalancing triggered by the price collapse has yet to run its course," it said.

That may be playing out right now. Oil prices tumbled 10 percent this week, including a 5 percent drop Friday.

The IEA cautioned that risks of oil supply disruptions are growing. Low prices could raise the risk of social disruption in some countries dependent on oil, the agency said, and the ongoing conflict in Iraq and Libya hasn't slowed down.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Ebola crisis could force Sierra Leone to diversify away from mining

THE GUARDIAN  by                                                          March 10, 2015

As Sierra Leone looks to rebuild after the Ebola epidemic, it may be forced to diversify from a mining-heavy economic base. Falling iron ore prices and the effects of Ebola on the industry signal the need for change, according to the chairman of the Chamber of Mines, who said the diversification could be beneficial.

A mine in Koidu, Sierra Leone. Falling iron ore prices and the Ebola crisis could force changes in the mining sector.Photograph: Issouf Sanogo/AFP/Getty Images

 John Bonoh Sisay said mining companies will also have to change the way they interact with local people, placing a greater emphasis on supporting healthcare systems as part of corporate social responsibility.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Ebola epidemic is 'wake-up call' for investment in universal healthcare

Investment in universal healthcare: Improving health systems in three Ebola-hit African countries would have cost a third of relief effort there, says new Save the Children report

THE GUARDIAN      by Lisa O'Connell                                                                   March 3, 015
Up to 30 countries are vulnerable to an Ebola-style epidemic, unless the world sits up and helps get urgent investment into universal healthcare, a report (pdf) has found.

Health workers who have returned from west Africa and colleagues based in the UK walk to Westminster in support of Save the Children’s campaign to strengthen health systems globally. Photograph: Jeff Moore/Save the Children

General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Government Predicts 10 Oil-Hauling Train Derailments a Year, $4 Billion in Damages

      

This Feb. 17, 2015 file photo, shows a train derailment that sent a tanker with crude oil into the Kanawha River near Mount Carbon, W.Va. As investigators in West Virginia and Ontario pick through the wreckage from the latest pair of oil train derailments to result in massive fires, U.S. transportation officials predict many more catastrophic wrecks involving flammable fuels in coming years absent new regulations. (AP Photo/Chris Tilley,File)

nola.com - AP - by Matthew Brown and Josh Funk - February 23, 2015

BILLINGS, Mont. -- The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a densely populated part of the U.S.

The projection comes from a previously unreported analysis by the Department of Transportation that reviewed the risks of moving vast quantities of both fuels across the nation and through major cities. The study completed last July took on new relevance this week after a train loaded with crude derailed in West Virginia, sparked a spectacular fire and forced the evacuation of hundreds of families.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

New funding announced for US Ebola preparedness

THE HILL                        by Peter Sullivan                                                                 Feb. 20, 2015

WASHINGTON -- The Obama administration on Friday announced around $200 million in new funding to increase Ebola preparedness in the United States. 

The Department of Health and Human Services is giving grants to states to help set up 10 regional Ebola treatment centers, as well as hospitals in every state that can safely care for an Ebola patient until he or she is transferred. Combined with other funds, the move brings the total for local Ebola preparedness to around $340 million.

"Important lessons were also learned during the response effort," HHS said in a statement Friday. "Safety of health care workers must be foremost in health care system preparedness and response activities."

Read complete story.
http://thehill.com/policy/healthcare/233385-hhs-announces-new-funding-for-us-ebola-preparedness

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

U.S. Oil Producers Cut Rigs as Price Declines

      

Oil pump jacks at work at a drilling site in North Dakota. Producers have been cutting back.
Credit Eric Gay/Associated Press

nytimes.com - by Clifford Krauss - January 7, 2015

HOUSTON — With oil prices plunging at an ever-quickening rate, producers are beginning to slash the number of drilling rigs around the country.

The national rig count had remained surprisingly resilient over recent months even as oil prices dropped by more than 50 percent since June, and it still tops the count of a year ago as domestic production continues to surge.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Congress releases FY15 Omnibus

COMPILED BY THE GLOBAL RESILIENCE SYSTEM                                                          Dec. 14, 2014

Congressional Actions and The Obama Administration requests for emergency funding for Ebola.

Contained in the Omnibus Appropriations Bill for Fiscal year 2015 passed by the Senate Sunday and earlier by the House.

(Five links, scroll down.)

Tables showing actual approved appropriations, Compiled by Kaiser Foundation
http://kff.org/policy-tracker/congress-releases-fy15-omnibus/

FY15 CROmnibus - PT Entry (12-9-14) Table 2 - 80p

      Note: Congressional ddid not approve the Administration's  requested $1.5 million contigency fund.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Free Fall in Oil Price Underscores Shift Away From OPEC

A hydraulic fracturing well in Colorado. With the technology, America is expected to surpass Saudi Arabia in oil production. Credit Brennan Linsley/Associated Press

Image:  A hydraulic fracturing well in Colorado. With the technology, America is expected to surpass Saudi Arabia in oil production. Credit Brennan Linsley/Associated Press

nytimes.com - November 28th, 2014 - Clifford Krauss

Since the economically crippling oil embargo of 1973, every American president has pledged to seek and achieve energy independence.

That elusive goal may finally have arrived, at least for the foreseeable future, with the failure of Saudi Arabia and its 11 oil cartel partners in the Organization of the Petroleum Exporting Countries to agree to a production cut that would put a brake on plummeting crude prices.

On Friday, the benchmark American price for crude oil continued the free fall that began on Thursday, closing at $66.15, its lowest price in more than four years.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Electricity from Renewables Cost Competitive with Coal

energymanagertoday.com - by Linda Hardesty
November 26, 2014

Although a recent story from Spectrum IEEE said Google researchers gave up on a project to produce electricity from renewables more cheaply than electricity from coal, a story in the New York Times says some renewable electricity is already cost competitive with coal.

The story cites a study by the investment banking firm Lazard, which finds the cost of utility-scale solar is as low as 5.6 cents per kWh, and wind is as low as 1.4 cents, while natural gas comes in at 6.1 cents and coal at 6.6 cents.

(READ COMPLETE ARTICLE)

CLICK HERE - STUDY - Lazard's Levelized Cost of Energy Analysis - Version 8.0 (20 page .PDF file)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Pages

howdy folks