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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

The Giving Pledge

The Giving Pledge is an effort to invite the wealthiest individuals and families in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice either during their lifetime or after their death.

Each person who chooses to pledge will make this statement publicly, along with a letter explaining their decision to pledge. At an annual event, those who take the pledge will come together to share ideas and learn from each other.

The Pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations.

While the Giving Pledge is specifically focused on billionaires, the idea takes its inspiration from efforts in the past and at present that encourage and recognize givers of all financial means and backgrounds. We are inspired by the example set by millions of Americans who give generously (and often at great personal sacrifice) to make the world a better place.

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Health Care Reform Stands: How It Impacts Your Coverage

      

The Supreme Court upheld health care reform Thursday, which includes a mandate that consumers have to buy coverage by 2014 or pay a penalty.  PHOTO: THINKSTOCK

by Parija Kavilanz - CNNMoney - June 28, 2012

NEW YORK (CNNMoney) -- The Supreme Court's ruling Thursday to uphold health care reform has widespread implications for both insured and uninsured consumers.

Beginning in 2014, uninsured individuals must buy coverage -- either on their own, through an employer's plan or through a health insurance exchange -- or else pay a tax penalty. Meanwhile, insured consumers will continue to enjoy key mandates of the law, such as free preventive care and coverage of adult dependents up to age 26, but at the expense of higher out-of -pocket costs.

Several key mandates of health reform have already gone into effect since the law passed in 2010. Here's a rundown of those provisions and new mandates rolling out over the next two years that will impact almost all of these consumers.

(READ COMPLETE ARTICLE)

Sustainability Framework 2.0: Professional Accountants as Investigators

Submitted by Albert Gomez

accountability.org - March 2011

Now in its second edition, the IFAC (International Federation of Accountants) Sustainability Framework (the Framework) primarily targets professional accountants working in commerce, industry, financial services, education, and the public and not-for-profit sectors. IFAC strongly believes that these professional accountants can influence the way organizations integrate sustainability into their mission, goals and objectives, strategies, management and operations, definitions of success, and stakeholder communications.

(Read Complete Report, a 98-page .PDF file)

PwC Report: How Companies Can Put a Dollar Value on Sustainability

submitted by Albert Gomez

www.environmentalleader.com - May 31, 2012

Companies can measure the value of sustainability and how their environmental efforts directly contribute to profits, using two evaluation methods described in a report by PricewaterhouseCoopers.

The cost of sustainability programs are readily apparent, PwC said. And companies are typically able to determine the short-term value from cost savings, risk reduction or product and service innovations. Putting a dollar value on intangible benefits, especially those over a long period of time, is where companies struggle, the consultancy said.

(READ COMPLETE ARTICLE)

Grand Challenges Explorations - Winners Announced May 9, 2012

From: Bill & Melinda Gates Foundation <***@***.***>
Date: May 9, 2012 1:28:04 PM EDT
To: <redacted>
Subject: Grand Challenges Explorations - Winners Announced May 9, 2012
Reply-To: Bill & Melinda Gates Foundation <***@***.***>

Dear Colleagues:

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The Coming Prosperity - by Philip E. Auerswald

"This is a book about the unparalleled possibilities of now.

It takes as its backdrop an inescapable fact: the majority of the world's population is at last connecting with the global economy; billions of people are deriving benefits from the past five centuries of technological and institutional innovation from which they have previously been excluded. As a consequence, human well-being will likely improve to a greater extent in coming decades than at any time in history. But progress toward global prosperity is not inevitable. The choices we make today will determine the extent and reach of the coming prosperity, and the part we play in it.

There would be no need to write this book if a general appreciation existed for the scope of the coming prosperity, or the half millennium of historical momentum from which it derives its impetus. Yes, the ascendance of China, India, and Brazil is universally recognized. But, for some understandable reasons, this new reality still mostly inspires alarm rather than eager anticipation..."

Stocks Follow Oil Lower on Reserve Talks

A man refuels his car as gas prices are reflected into the windows of the United Oil gas station in Los Angeles, California March 24, 2012.  REUTERS/Bret Hartman

Reuters - by Rodrigo Campos - March 28, 2012

(Reuters) - Oil prices fell on Wednesday as the U.S. and some European governments mulled the release of strategic oil reserves, while commodity-related shares weighed on global equities.

U.S. stocks closed weaker, though far from the day's lows, in the wake of economic data that was slightly below expectations.

France, the United States and Britain are in talks about the possible release of strategic oil stocks to help push fuel prices lower, French ministers said, only weeks ahead of the country's presidential election. Purchasing power is among voters' top concerns.

(READ COMPLETE ARTICLE)

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The Third Industrial Revolution: How the Internet, Green Electricity, and 3-D Printing Are Ushering in a Sustainable Era of Distributed Capitalism

by Jeremy Rifkin - huffingtonpost.com - March 28, 2012

The great economic revolutions in history occur when new communication technologies converge with new energy systems. New energy revolutions make possible more expansive and integrated trade. Accompanying communication revolutions manage the new complex commercial activities made possible by the new energy flows.

Today, Internet technology and renewable energies are beginning to merge to create a new infrastructure for a Third Industrial Revolution (TIR) that will change the way power is distributed in the 21st century.

(READ COMPLETE ARTICLE)

New Industry Commitments to Give 15 Million Households Tools to Shrink Their Energy Bills

submitted by Gavin Starks

EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF SCIENCE AND TECHNOLOGY POLICY
COUNCIL ON ENVIRONMENTAL QUALITY
WASHINGTON, D.C.

FOR IMMEDIATE RELEASE:  March 22, 2012

New Industry Commitments to Give 15 Million Households Tools to Shrink Their Energy Bills

Washington, D.C. -- Responding to President Obama’s call for an “all-of-the-above” strategy to help consumers reduce their energy costs, the Administration announced today that nine major utilities and electricity suppliers will commit to providing more than 15 million households access to data about their own energy use with a simple click of an online “Green Button.”  By providing consumers with secure, easy-to-understand information about how they are using energy in their households, Green Button can help them reduce waste and shrink bills.

California creates new corporation types that reward doing good

By: Kyle Westaway

Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the country that empowers corporations to be a strong force for good. This week, California joined that revolution when Governor Jerry Brown created two new classes of corporations for businesses that seek to pursue both profit and purpose: Benefit Corporations and Flexible Purpose Corporations.

These new legal structures are revolutionary in two ways. First, they broaden the duty of a company beyond maximizing shareholder value to include maximizing stakeholder value, such as operating the business in an environmental and social responsible manner. Second, they increase transparency and accountability.

Though it is the first state to pass the Flexible Purpose Corporation type, California is the sixth state to approve the Benefit Corporation classification.

Here is a look at exactly what Benefit Corporations and Flexible Purpose Corporations are, and what they could mean for your company.

What is a Benefit Corporation?

The Benefit Corporation is a new class of corporation that allows companies to pursue profit as well as a strong social and environmental mission.

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