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Category Archives: Economy

Financial Stability Oversight Council Identifies Climate Change as an Emerging and Increasing Threat to Financial Stability

Treasury Press Release: “The Financial Stability Oversight Council (FSOC) has released a new report in response to President Biden’s Executive Order 14030, Climate-related Financial Risk. For the first time, FSOC has identified climate change as an emerging and increasing threat to U.S. financial stability. The report and accompanying recommendations demonstrate FSOC’s commitment to building on and accelerating existing efforts on climate change through concrete recommendations for member agencies to:

  • Assess climate-related financial risks to financial stability, including through scenario analysis, and evaluate the need for new or revised regulations or supervisory guidance to account for climate-related financial risks;
  • Enhance climate-related disclosures to give investors and market participants the information they need to make informed decisions, which will also help regulators and financial institutions assess and manage climate-related risks;
  • Enhance actionable climate-related data to allow better risk measurement by regulators and in the private sector; and
  • Build capacity and expertise to ensure that climate-related financial risks are identified and managed.

“Climate change is an emerging and increasing threat to America’s financial system that requires action,” Secretary of the Treasury Janet L. Yellen said. “FSOC’s report and recommendations represent an important first step towards making our financial system more resilient to the threat of climate change.  These measures will support the Administration’s urgent, whole-of-government effort on climate change and help the financial system support an orderly, economy-wide transition toward the goal of net-zero emissions.”

The full report and recommendations can be found here.  A factsheet on FSOC’s actions can be found here. A copy of Secretary Yellen’s remarks during the open session can be found here and a readout of FSOC’s meeting can be found here...”

Governments’ planned fossil fuel production remains dangerously out of sync with Paris Agreement limits

UN – The Production Gap:”Governments still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5°C, in stark contrast to increased climate ambitions and net-zero commitments.  This report first introduced and quantified the “production gap” in 2019, finding that the world’s governments planned to… Continue Reading

Facebook is planning to rebrand the company with a new name

The Verge: “Facebook is planning to change its company name next week to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, but could unveil sooner,… Continue Reading

Savvy Negotiation Skills A Toolkit for Law Librarians

Paul Martin Law Library, University of Windsor: “Savvy Negotiation Skills – A Toolkit for Law Librarians – Presented by Annette Demers, BA, LLB, MLIS, CALL/ACBD October 14, 2021 [h/t Library Boy] Resources CALL/ACBD Vendor Relations Committee, “Librarian-Vendor Relations: Best Practices” (March 8, 2017). Handouts Electronic Resources Negotiation Form New Product Checklist Renewals Checklist Cancellations Checklist… Continue Reading

A People’s Archive of Sinking and Melting

“A PEOPLE’S ARCHIVE OF SINKING AND MELTING is a growing collection of items contributed from places that may disappear owing to the combined physical, political, and economic impacts of climate change, including glacial melting, sea level rise, coastal erosion, and desertification. THE CONTRIBUTED MATERIALS together form an archive of the future anterior; what will have… Continue Reading

Harvard, a Media Company

The Generalist: “Harvard, a Media Company. Harvard Business Review is a surreptitious media giant. Actionable insights –  If you only have a couple minutes to spare, here’s what investors, operators, and founders can learn from Harvard, as a media company. There are different paths to success. The Harvard Business Review (HBR) was founded in 1922… Continue Reading

What Makes Work Meaningful and Why Economists Should Care about It

IZA – Institute of Labor Economics DISCUSSION PAPER SERIES ISSN: 2365-9793IZA DP No. 13112 What Makes Work Meaningful and Why Economists Should Care about It. APRIL 2020. Milena Nikolova University of Groningen, Brookings and IZA, Femke Cnossen, University of Groningen: “We demonstrate why meaningful work, i.e. job-related activities that individuals view as purposeful and worthwhile, matters… Continue Reading

Free Law Project – Our Financial Disclosure Database is Now Available to All

“Two weeks ago, the Wall Street Journal published their blockbuster report detailing over 100 judges that had likely violated the Ethics in Government act. To do their work, the Wall Street Journal reporters had exclusive access to our database of financial disclosures. Today we are making the database available to all. Included in the database… Continue Reading

Biden Administration Roadmap to Build an Economy Resilient to Climate Change Impacts

U.S. Climate-Related Financial Risk Executive Order 14030 A Roadmap to Building a Climate-Resilient Economy, October 14, 2021 – 40 page PDF White House Fact Sheet: “Agency Actions Will Protect Retirement Plans, Homeowners, Consumers, Businesses and Supply Chains, Workers, and the Federal Government from Financial Risks of Climate Change. Today, the Biden-Harris Administration released a comprehensive,… Continue Reading

Amazon Puts Its Own “Brands” First Above Better-Rated Products

TheMarkUp – “The online giant gives a leg up to hundreds of house brand and exclusive products that most people don’t know are connected to Amazon… An investigation by The Markup found that Amazon places products from its house brands and products exclusive to the site ahead of those from competitors—even competitors with higher customer… Continue Reading