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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

Senate Reaches Deal to End Shutdown, Avoid Default

cnn.com - by Tom Cohen - October 16, 2013

Washington (CNN) -- Senate leaders on Wednesday announced a deal to end the partial government shutdown and avoid a possible U.S. default as soon as the end of this week, and a key GOP conservative said he wouldn't try to block the measure.

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U.S. May Join Germany of 1933 in Pantheon of Defaults

bloomberg.com - by John Glover - October 14, 2013

Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago. . .

. . . “These are generally catastrophic economic events,” said Professor Eugene N. White, an economics historian at Rutgers University in New Brunswick, New Jersey. “There is no happy ending.”

(READ COMPLETE ARTICLE)

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9 Ways The Government Shutdown Could Affect Your Health

           

huffingtonpost.com - October 1, 2013

The government shutdown is underway, as a dispute about President Obama's Affordable Care Act led to a partisan stalemate over a funding bill. The ACA will go forward, with health exchanges opening today, but that doesn't mean the shutdown won't have an impact on the health of Americans.

Here are nine ways the shutdown could affect your health, a reminder of just how crucial government resources can be in protecting and improving our health and well-being.

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U.S. Government Shuts Down in Budget Impasse

      

A National Park Service police guarded The Lincoln Memorial as signs were put up explaining government shutdown, on Tuesday.

nytimes.com - by michael D. Shear - October 1, 2013

WASHINGTON — The vast machinery of the federal government began grinding to a halt Tuesday morning just hours after weary lawmakers gave up hope of passing a budget in the face of Republican attacks on President Obama’s health care law.

For the first time in 17 years, Congress failed Monday night to agree on a new budget and refused to extend the current one. Without the authority to spend money, the executive branch on Tuesday morning started the process of temporarily mothballing facilities and suspending the many services the government provides.

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Coastal, Riverbank Homeowners Brace for U.S. Flood Insurance Hike

      

A home destroyed during the landfall of Superstorm Sandy is pictured in Mantoloking, New Jersey March 22, 2013.  Credit: REUTERS/Lucas Jackson

reuters.com - by Barbara Liston - September 24, 2013

(Reuters) - More than a million homeowners living in older houses along the coastlines and riverbanks of the United States are being jolted by federal flood insurance rate hikes under a law passed in the wake of devastating storms.

Carol Giovannoni, 51, of St. Pete Beach, a barrier island community off Florida's west coast, is one of the people dreading October 1, when the law takes effect. Giovannoni said the annual flood insurance premium on her standard 1950s concrete-block, ranch-style home on the waterfront will jump from $1,700 to $15,000 over the next few years.

(READ COMPLETE ARTICLE)

CLICK HERE - Flood Insurance Reform Act of 2012

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Jack Lew To Congress: Debt Limit Will Be Reached On Oct. 17

Secretary of the Treasury, Jack Lew says debt ceiling will be reached Oct. 17

huffingtonpost.com - by Luke Johnson - September 25, 2013

WASHINGTON -- The debt ceiling will be reached Oct. 17 and the Department of the Treasury will have less cash on hand than it previously estimated, said Secretary Jack Lew in a letter released Wednesday.

"Treasury now estimates that extraordinary measures will be exhausted no later than October 17. We estimate that, at that point, Treasury would have only approximately $30 billion to meet our country's commitments," he said in a letter to House Speaker John Boehner (R-Ohio).

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Utility Companies Launch Attack Against Rising Rooftop Solar Market

Solar panels on a rooftop

Image: Solar panels on a rooftop

http://ecowatch.com - September 3rd, 2013 - Marc Gunther

Issues of electricity regulation typically play out in drab government hearing rooms. That has not been the case this summer in Arizona, where a noisy argument—featuring TV attack ads and dueling websites—has broken out between regulated utilities and the rooftop solar industry.

An internet web video attacks the California start-up companies that sell rooftop solar systems as the “new Solyndras,” which are spending “hard-earned tax dollars to subsidize their wealthy customers.”

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Book Launch: When the Money Runs Out, The End of Western Affluence by Stephen D. King

as-coa.org

July 08, 2013

Registration: 5:30 p.m. to 6:00 p.m.
Presentation and Discussion: 6:00 p.m. to 7:00 p.m.

AS/COA
680 Park Avenue
New York, NY

View map

REGISTER

Please join Americas Society/Council of the Americas for the launch of Stephen D. King’s latest book When the Money Runs Out, The End of Western Affluence.

About the book:

New Regional Bank Aims to Grow Appalachian Economy

MORGANTOWN, W.Va. June 14, 2013 (AP)

Mike Hurley had a great opportunity: He could multiply sales and staff by converting his metal-stamping business from one that made brackets for the automotive industry into a top-tier supplier of satellite dishes to DirecTV.

He also had a problem: Highlands Diversified Services is headquartered in small-town Appalachia, a place where big banks readily lend money for houses, cars and refrigerators but shy away from business loans. Louisville, sure. But not London, Ky., population 8,000.....

 

FULL ARTICLE HERE

HHS Launches $1B Healthcare Innovation Effort

submitted by Luis Kun

thehill.com - by Elise Viebeck - May 15, 2013

The federal Health department announced a new initiative to bring down healthcare costs and improve care delivery through $1 billion in grants and evaluations.

Health and Human Services (HHS) Secretary Kathleen Sebelius said the second round of Healthcare Innovation Awards will target new areas for improvement, including care for special needs populations.

The awards are also meant to reduce costs for Medicare and Medicaid patients in outpatient hospital settings, test new care and financial models for specific provider groups, and ensure care delivery accounts for preventive and population health.

(READ COMPLETE ARTICLE)

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