Goldman Sachs agreed to pay $5.1 billion in penalties for its part in the mortgage crisis that led to the 2008 recession — except it won’t, really. With good behavior and negotiated benefits, Goldman Sachs’ penalty for deceiving investors in one of Wall Street’s greatest scandals will likely be at least a $1 billion less.
Policy & Government
A catch all category for government, politics and initiatives to influence either.
The United States should have a uniform set of regulations for all benefit corporations within this country, argues Rebecca Hamburg, a graduate student at George Washington University.
California again faces potential blackouts. Could the potential loss of power push the state’s innovation in solar and energy storage to the fore?
Israel, a leader in technology development, says it’s on track to save $8 billion from carbon emissions reductions. The Israeli cabinet has unanimously approved the country’s 2030 targets, with sweeping calls for more tech funding and small-business support. Environmental advocates say that will be great — once the government inks it in stone with a finalized budget.
Since Gov. Pence seems to be so concerned with the reproductive functions of Indiana women, they took to social media to tell him what’s going on down there.
The Congressional Budget Office estimates that crop subsidies will surge to approximately $10.2 billion this year, almost $3 billion more than during the 2015-2016 fiscal year.
As more countries shift to sustainability, economic growth is beginning to decouple from carbon emissions for the first time in history. In fact, according to the World Resources Institute (WRI), 21 countries experienced positive economic growth since 2000 while cutting carbon emissions, some dramatically.
On the heels of the Flint water crisis, former Secretary of State and presidential candidate Hillary Clinton outlined a realistic plan for reducing lead hazards nationwide.
Fossil fuel companies just can’t seem to get away with dodgy dealings when it comes to climate change. Building on prior investigations, a group of 17 attorneys general are now looking into top firms’ backing of climate denial.
The controversial Panama Papers leaked the names of government officials, celebrities and multinational companies using offshore tax havens to stash away undisclosed funds. As the dust settles, the European Commission is tightening its tax disclosure laws.
Of course it’s no surprise that the world’s most wealthy and powerful people use whatever means at their disposal to protect their wealth. On the other hand, the Panama Papers leak is a stark reminder of the need to align our values with our functioning global economy if there is any hope of achieving our higher aspirations.
A World Resources Institute analyst points out that while companies and governments have found consistency in how they approach carbon emissions and climate change, a standardized approach toward water stewardship is lacking.
USAID is teaming up with coffee pod giant Nespresso and the NGO TechnoServe to revitalize South Sudan’s coffee industry. The three organizations will invest over $3 million in funds to jumpstart the industry and help farmers become more economically secure.