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At Chevron's AGM in San Ramon, California today, 4 percent of shareholders supported the first-of-its-kind proposal to return capital to shareholders rather than pursue ever more risky carbon extraction investments.
Julian Poulter, CEO of the Asset Owners Disclosure Project (AODP), said: "Big pension funds voting against Resolution 7 will look back and realise they missed an opportunity to limit wasted capital, which is surely more important than having the evidence to sack senior management once the carbon crash begins."
Arriving in Sri Lanka's Bandaranaike International Airport on Indian turboprop titled "Spice Jet" was just the first taste of the irony that pervades this island nation. While waiting in the long line at immigration to enter the Democratic Socialist Republic of Sri Lanka, I was getting ready for a mental cavity search as veteran traveler to many socialist republics of the bygone era.
However, the country's check-in was smoother than expected, and besides being welcomed with obligatory smiles to the "Wonder of Asia," I was also presented with a "Welcome to Sri Lanka" tourist booklet.
The US empire fought numerous wars in the 20th century that ended in failure and humiliation, and the 21st century is off to a bad start. Wars in the Philippines, Korea and Vietnam War ended with stalemate and embarrassment, and our debacles in Iraq and Afghanistan have poorly-defined objectives and no foreseeable victory in sight. Ironically, the most powerful military in history has not won many wars.
But the definition of success can be blurred. Wars ending in military failure are still political and economic accomplishments for the architects who design them.
"Nope, nope, nope," was Australia's Prime Minister, Tony Abbott's answer to the question whether his country will take in any of the nearly 8,000 Rohingyarefugees stranded at sea.
Abbott's logic is as pitiless as his decision to abandon the world's most persecuted minority in their darkest hour. "Don't think that getting on a leaky boat at the behest of a people smuggler is going to do you or your family any good," he said.
G7 finance ministers gather in Dresden, Germany, to discuss promoting "sustainable growth" in the face of growing globaldebt. US Treasury Secretary Jacob Lew is among the ministers gathering. The meeting takes place amid debt crises in the Eurozone and the developing world. The ministers meet after the International Monetary Fund (IMF) reported slow economic growth and increased debt burdens during the IMF/World Bank Spring Meetings.
"It's impossible to experience sustainable growth, when wealthy and poor countries are struggling with unsustainable debts," stated Eric LeCompte, Executive Director of Jubilee USA Network, who is in Dresden for the meetings.
Mr. Warren Buffet believes that raising the minimum wage to $15 an hour is not the best answer to alleviatingpoverty in America. Instead, he calls for the expansion of the Earned Income Tax Credit (EITC) and names this as a better alternative. All things considered, his suggestion makes as much sense as someone bringing a lone fire extinguisher to put out a forest fire.
The EITC is an excellent federal program, but its expansion is not a long-term solution to addressing poverty in America. A living wage is and will remain the best method to reduce poverty.
For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it? New York State's experience indicates that, when it comes to producing jobs, corporate welfare programs are a bad investment. This should be instructive to state and local officials across the US.
In May 2013, New York Governor Andrew Cuomo, with enormous fanfare, launched a campaign to establish Tax-Free NY - a scheme providing tax-free status for ten years to companies that moved onto or near the state's public college and university campuses.
Northern California's Sonoma County has been known historically as part of the natural Redwood Empire. Wineindustry lobbyists re-branded it "Wine Country." Its economy has been so colonized by outside investors who extract water and resources from the environment and export their products and profits, that re-branding would be appropriate. A more accurate description would be that Sonoma County is now part of the multi-national WineEmpire.
Local residents and nature have been dominated by these outside investors; they reap the benefits, while the environment and residents pay the costs. They have de-localized, industrialized, commercialized, urbanized and commodified a once diverse agrarian place and culture with their excessive wine production and tourism.
What happens when a bunch of lawyers intent on distinguishing combatants from civilians discover, by interviewing hundreds of civilians, that it cannot be done?
Does it become legal to kill everyone or no one?
The United States is perhaps the principal nuclear weapons proliferator in the world today, openly flouting binding provisions of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). Article I of the treaty forbids signers from transferring nuclear weapons to other states, and Article II prohibits signers from receiving nuclear weapons from other states.
As the UN Review Conference of the NPT was finishing its month-long deliberations in New York last week, the US delegation distracted attention from its own violations using its standard red herring warnings about Iran and North Korea - the former without a single nuclear weapon, and the latter with 8-to-10 (according to those reliable weapons spotters at the CIA) but with no means of delivering them.