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The Capitalist's Case for a $15 Minimum Wage

The Capitalist's Case for a $15 Minimum Wage | Sustain Our Earth | Scoop.it
BLOOMBERG VIEW:The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too.
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SustainOurEarth's comment, June 20, 2013 2:24 PM
The 1% do not drive or grow the economy, just as feudal nobles didn't drive the economy in there time. Just like now they were generally exempt from the taxes of the realm. It was Italian city states with their middle class merchants and consumers that started to build new and thriving economies in Europe. The economic 1% are the new feudal nobility, their wealth does nothing to build or stimulate the economy. They do not spend or put their money were it would do the economy any good. They further invest in companies that are already cash rich and have no idea of what to do with the money. They sure do not invest it in their employees who would actually spend money that absolutely would benefit the economy and their own businesses. Like the so called "Gilded Age" at the turn of the 19th and 20th centuries was gilded for no one except the 1% and their "Robber Barons". It wasn't until Henry Ford was smart enough to understand he could make his business boom by paying his workers a wage at which they could actually buy the product they were making that the American economy really started to take off. This occurred even in a time the US government was consider mainly hostile to big business, busting-up Trusts and Monopolies. History absolutely repeats itself. Economic history is repeating itself today and things need to change again. Companies need to understand, like Henry Ford a century ago, the benefits of paying their employees a decent wage which keeps up with productivity. Businesses seem to be bent on making profits of the backs of their employees rather than the value of their products or services. This practice needs to stop for the benefit of everyone. Remember when greed, corporate or otherwise, used to be one of the "Seven Deadly Sins?" I think that the hoarding of wealth by the 1% and international corporations counts as greed..., or is it gluttony, another one of the "Seven Deadly Sins"? I think you get my drift, a lot of economic immorality is going on to the detriment of people and the world as a whole.
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Stupidity Is Not A Valid Defense For Us - The Automatic Earth

Stupidity Is Not A Valid Defense For Us - The Automatic Earth | Sustain Our Earth | Scoop.it

If we can't plead stupidity, what else is there? How do we live with ourselves? Is it all the stuff we buy that manages to numb our brains and consciences?

 

When I see a headline like this one at Bloomberg today, World Needs Record Saudi Oil Supply as OPEC Convenes, there’s just one thought that pops into my head: what the world needs is for us to stop doing this thing we’re doing. Even apart from peak oil concerns, it’s obvious we’re going to run out at some point or another, and it doesn’t matter whether that’s tomorrow or at some other point in the future, though we do know it’s not going to take another 100 years, or even 50.

 

And nothing will ever take the place of oil; once those unique carbons are gone, that’s it, we’ll have to find a completely different way of running our societies, and if we’re not smart enough to prepare for that beforehand, we’ll be cats fighting in a sack and use the last scraps to kill off each other. And our legacy won’t be the Greek thinkers and Picasso and Dostoyevsky and Walt Whitman and Maria Callas, since there won’t be the means for our children anymore to share what makes man great between them. Our main legacy will instead be bloodshed, we will have gone the exact same path that any non-thinking or even primitive organism would have taken, who don’t have opera or philosophy or poetry to their name.

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David Collet's curator insight, August 2, 5:26 PM

A thoughtfull read.

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Oil thieves cause pipeline leak, pollute Mexico river

Oil thieves cause pipeline leak, pollute Mexico river | Sustain Our Earth | Scoop.it
Thieves who tapped an oil pipeline in northern Mexico caused a spill that contaminated the San Juan River, a key irrigation source for farmers, authorities said Thursday.
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NASA scientists watching, studying Arctic changes this summer

NASA scientists watching, studying Arctic changes this summer | Sustain Our Earth | Scoop.it
As we near the final month of summer in the Northern Hemisphere, NASA scientists are watching the annual seasonal melting of the Arctic sea ice cover. The floating, frozen cap that stretches across the Arctic Ocean shrinks throughout summer until beginning to regrow, typically around mid-September.
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Scientists detect evidence of 'oceans worth' of water in Earth's mantle

Scientists detect evidence of 'oceans worth' of water in Earth's mantle | Sustain Our Earth | Scoop.it
Researchers have found evidence of a potential 'ocean's worth' of water deep beneath the United States.
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Vegas tops the list of the country's worst heat islands

Vegas tops the list of the country's worst heat islands | Sustain Our Earth | Scoop.it
On a real scorcher of a day, the mercury downtown can roar 24 degrees above the temps in the surrounding desert. Other cities are feeling the heat, too.
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The RealNews Interview: Greenland and Sea Level Rise

The RealNews Interview: Greenland and Sea Level Rise | Sustain Our Earth | Scoop.it
Looks like this is going to be a regular feature at Realnews.  I was asked to summarize the aims and findings, so far, of the Dark Snow field season.
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David Collet's curator insight, Today, 5:15 PM

A bit long. A bit boring. But, if you listen through to the end, it is very disturbing. What is your home's elevation (height above sea level). 4 metres? Not enough!

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A Plan to Rescue the Blue Planet | Guest Blog, Scientific American Blog Network

A Plan to Rescue the Blue Planet | Guest Blog, Scientific American Blog Network | Sustain Our Earth | Scoop.it
Most of us experience the ocean looking out from a beach during vacation or maybe flying over it in a plane. It seems vast, ancient and ...
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Death of the car: The tech behind Helsinki's ambitious plan to kill off private vehicles | ZDNet

Death of the car: The tech behind Helsinki's ambitious plan to kill off private vehicles | ZDNet | Sustain Our Earth | Scoop.it
By 2025, the Finnish capital will have transformed its public transport network – with the help from some clever analytics and more.
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David Collet's curator insight, Today, 5:51 PM

Wow! This one really has me excited. I read this and I can immediately envision the opportunities. I can also see the problems and for some of them I can imagine solutions.

 

A service like this is already feasible for a city like Singapore and it only requires the political will to make it work in Kuala Lumpur. I think it will take a long time before it could be rolled out to say Rembau (N.S.) but if it were the possibilities for reviving kampung life are huge. Imagine a shuttle bus round trip Rembau/Seremban on a daily basis for say RM20 using a congestion free highway. As I said... the possibilities are boundless.

 

And it is much easier to imagine in the cities.And all theae people who want to continue to drive around in their big expensive single passenger cars (plus driver) can pay lots for the privilege of a congestion free highway and ample parking space.

 

I saw this in action in Atlanta (Georgia, U.S.A.) about 15 years ago. I was on vacation visiting my daughter who was on training with her company. An on-demand (subject to availability) free shuttle service was provided feom the condominium complex to malls and frequently visited locations with a 10 km radius of the rsidence. My daughter even used it to commute to and from work.

 

Open your mind. Engage your imagination. And read.

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MIT Turns Dead Car Batteries Into Clean Solar Energy

A team of MIT researchers thought there might be something worth keeping, and now say they have successfully recycled materials from spent batteries
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India in danger of moving towards water scarcity condition: Asian Development Bank

India in danger of moving towards water scarcity condition: Asian Development Bank | Sustain Our Earth | Scoop.it
NEW DELHI: India is in danger of moving towards water scarcity conditions as per capita availability of water is reducing in the country, a Asian Development Bank official said today. He further...
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The Economics of Ebola Drugs

The Economics of Ebola Drugs | Sustain Our Earth | Scoop.it
James Surowiecki on the economics of Ebola drug development. The lack of a treatment is disturbing but predictable. What will persuade pharmaceutical companies to develop unprofitable drugs?
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Pesticides Used On Florida's Mosquitoes May Harm Butterflies

Pesticides Used On Florida's Mosquitoes May Harm Butterflies | Sustain Our Earth | Scoop.it
Environmentalists and a South Florida community want to limit aerial spraying for mosquitoes — saying it's ineffective and harmful to wildlife. Two butterfly species were added to the endangered list.
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China pulls plug on genetically modified rice and corn

China pulls plug on genetically modified rice and corn | Sustain Our Earth | Scoop.it

Reasons behind move not clear.

 

China’s Ministry of Agriculture has decided not to renew biosafety certificates that allowed research groups to grow genetically modified (GM) rice and corn. The permits, to grow two varieties of GM rice and one transgenic corn strain, expired on 17 August. The reasoning behind the move is not clear, and it has raised questions about the future of related research in China.

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New paper calls for more carbon capture and storage research

New paper calls for more carbon capture and storage research | Sustain Our Earth | Scoop.it
Federal efforts to reduce greenhouse gas emissions must involve increased investment in research and development of carbon capture and storage technologies, according to a new paper published by the University of Wyoming's School of Energy Resources (SER) Institute for Carbon Management.
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Water crisis threatens thirsty Sao Paulo

Water crisis threatens thirsty Sao Paulo | Sustain Our Earth | Scoop.it
Sao Paulo is thirsty. A severe drought is hitting Brazil's largest city and thriving economic capital with no end in sight, threatening the municipal water supply to millions of people.
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Ibuprofen posing potential threat to fish

Ibuprofen posing potential threat to fish | Sustain Our Earth | Scoop.it
Research led by the University of York suggests that many rivers contain levels of ibuprofen that could be adversely affecting fish health.
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EPA, community activists put toxic oil refineries in a headlock

EPA, community activists put toxic oil refineries in a headlock | Sustain Our Earth | Scoop.it
Thanks to a lawsuit brought by environmental justice activists, the feds are about to crack down on the chemical stew these plants dump into the air.
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Are you there, God? It's me, climate scientist

Are you there, God? It's me, climate scientist | Sustain Our Earth | Scoop.it
Scientists use handwritten letters to share their sad, sad feelings about climate change.
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The Catch-22 of Energy Storage

The Catch-22 of Energy Storage | Sustain Our Earth | Scoop.it
Pick up a research paper on battery technology, fuel cells, energy storage technologies or any of the advanced materials science used in these fields, and you will likely find somewhere in the intr...
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Chemical overload

Chemical overload | Sustain Our Earth | Scoop.it
Is regular exposure to industrial chemicals putting your health at risk?
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The Ebola Outbreak, In 15 Numbers

The Ebola Outbreak, In 15 Numbers | Sustain Our Earth | Scoop.it
The current outbreak is on track to kill more people than all previous outbreaks combined. There aren't enough doctors. And women are at particular risk.
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California is even bigger than you thought

California is even bigger than you thought | Sustain Our Earth | Scoop.it
It's not news that California’s economy is big. But its so big that its gross domestic product eclipses even Texas’s, the No. 2 state economy in the U.S.
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Despite Current Debate, Police Militarisation Goes Beyond U.S. Borders | Inter Press Service

Despite Current Debate, Police Militarisation Goes Beyond U.S. Borders | Inter Press Service | Sustain Our Earth | Scoop.it

“We have a lot of military equipment and hardware looking for a place to end up, and that tends to be local law enforcement.” -- WOLA's Maureen Meyer

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State to boot smog-causing pesticides from S.J. Valley

State to boot smog-causing pesticides from S.J. Valley | Sustain Our Earth | Scoop.it
State pesticide regulators expect to restrict use of smog-producing pesticides, commonly used on grapes, almonds, walnuts, alfalfa and other leading crops,
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Up in Flames

Up in Flames | Sustain Our Earth | Scoop.it
The energy boom that transformed South Texas into an economic powerhouse also has created a prolific source of air pollution and wasted natural gas.
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Coal gas boom in China holds climate change risks

Coal gas boom in China holds climate change risks | Sustain Our Earth | Scoop.it
Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power plant echoes across the ancient steppe, and its acrid stench travels dozens of miles away.
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