Wednesday, September 12, 2018

Philanthropies pledge $459 million to save forests, fight climate change

By Sebastien MaloSAN FRANCISCO, Sept 11 (Thomson Reuters Foundation) - Leading philanthropists pledged hundreds of millions of dollars to rescue shrinking tropical forests that suck heat-trapping carbon dioxide from the atmosphere, on the eve of a global climate change summit in San Francisco.Nine foundations announced the $459 million commitment, to be delivered over the next four years, a day ahead of the Global Climate Action Summit, which is expected to draw about 4,500 delegates from city and regional governments."While the world heats up, many of our governments have been slow - slow to act. And so we in philanthropy must step up," Darren Walker, president of the Ford Foundation, told journalists at an event announcing the pledge.
Includes Ford Foundation MacArthur Foundation and The Rockefeller Foundation

http://news.trust.org/item/20180911220227-mk763/
#climatechange #sustainable #forestry #rainforests

Friday, August 3, 2018

Many economists see a recession coming (as they did in 2007)

I always get peeved when I read that "there were no economists that saw the 2008 Great Recession coming".

These two articles list 9 different economists that predicted the 2008 Great Recession fairly accurately.

https://www.ft.com/content/452dc484-9bdc-11de-b214-00144feabdc0

https://www.intheblack.com/articles/2015/07/07/6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on

In a note I wrote in Facebook (remember "Notes"?), I also mention that Paul Krugman and Joseph Stiglitz had written about the housing bubble, the growing concern with mortgage backed securities and the financial sector.

https://www.facebook.com/notes/luis-fierro/krugman-stiglitz-and-economic-predictions/35305544241/

Now, several economists (including me) are warning that there are growing signs of an upcoming recession. These include:

- overvalued stock market, at twice the historical average cyclically adjusted price-to-earnings ratio (CAPE)

- a new housing bubble

- growing personal, corporate and public debt

- rise in loan delinquencies and mortgage fraud

- interest rates are close to "inversion" (long term rates lower than short-term rates).

- lower long-term confidence.

- past due a recession based on the solar cycle models.

To these cyclical factors, we have to add the impact of Trump's trade wars; as well as the effect on oil prices of Trump's reneging on the Iran nuclear deal, and the collapse of oil production in Venezuela.

Here are some other signs:

https://www.gobankingrates.com/making-money/economy/recession-warning-signs/#3

So please, in 2020, I hope they won't say nobody saw the recession coming!


Nuevo estudio sobre programas de formación para la internacionalización de las Pymes de América Latina

Nueva publicación de la Fundación EU-LAC Foundation sobre las Pequeñas y Medianas Empresas Latinoamericanas y los dispositivos de capacitación y formación para su internacionalización.‬
Estudio de CERALE ESCP Europe con apoyo de la Fundación y del Institut des Amériques
Tuve el gusto de participar en su edición.

Autores del capitulo sobre #Ecuador:Wilson Araque, Andrés Arguello y Germán Granda, Universidad Andina Simón Bolívar - Sede Ecuador