"the risk that the world faces in the next financial crisis is a ‘reverse Kindleberger Trap’, where the dominant power is the one that’s unwilling to play a responsible crisis-management role; and where the rising power is the one that is unable" @davidlubin.bsky.social tinyurl.com/47rc3h2w

The ‘reverse Kindleberger Trap’: reasons to worry about the next financial crisis

A US crisis is very likely to be associated with a capital outflow, rather than a capital inflow, With the result that the dollar could weaken substantially against other currencies.

tinyurl.com

Credit ratings of AI tech giants may be based on “assumptions on future revenue growth and leverage which may not stand the test of time”, creating a risk of “mispricing of credit risk,” the ECB’s financial experts found.

EU pension funds buying into US AI boom, as ECB warns credit ratings may be understating future risk

Credit ratings of AI tech giants may be based on "assumptions on future revenue growth and leverage which may not stand the test of time", creating a risk of "mispricing of credit risk," the ECB's fin...

euobserver.com

The Global Coral Reef Monitoring Network draws on more than 21 million observations from 36,886 reef sites in 124 countries and territories, gathered over more than 40 years.

World’s coral reefs are losing recovery time between marine heatwaves, major global report warns

The proportion of reef surface covered by living coral has fallen by 9.5 percent, compared with just the 1980–2009 average.

euobserver.com

The US State Department has designated A/I, a small Italian provider of open source infrastructure for political activists, as a global terrorist group. They will reach into our very homes to grab us — if we let them. www.state.gov/releases/off...

Designation of Autistici/Inventati as a Specially Designated Global Terrorist - United States Department of State

Today, the Department of State, in partnership with the Department of the Treasury, is announcing the designation of Autistici/Inventati as a Specially Designated Global Terrorist. Autistici/Inventati...

state.gov

"If we do not find a solution for the distorted trade, we risk spending a lot of money while losing European gains in areas such as privacy, working conditions and climate," warned Corien Prins, chair of the Dutch science council.

Dutch government think‑tank pushes EU for tougher tariffs and controls on China

"If we do not find a solution for the distorted trade, we risk spending a lot of money while losing European gains in areas such as privacy, working conditions and climate," warned Corien Prins, chair of the Dutch science council.

euobserver.com

Tens of thousands of excess deaths due to heat exposure. That's what Norway's fossil fuel output costs when you apply @rdbressler.bsky.social mortality cost of carbon work to Equinor's production. Sharp new brief from @ketanjoshi.co

Last year’s output from Norway’s fossil-fuel giant ‘will kill up to 58,000 people’

Norway’s oil and gas giant Equinor recently posted its strongest quarterly result in years. A Norwegian non-profit has now put a number on what that oil and gas costs in human lives

euobserver.com

'We are hoarding our wealth in our massive sovereign wealth fund, while launching PR campaigns to deepen the EU's fossil-fuel dependence," said Frøya Skjold Sjursæther. 'If Støre truly cared for Europe, Norway would donate the billions we've made in war profits to Ukraine's aid'

‘Do not believe my prime minister’: youngest-ever Norwegian MP urges EU to resist Oslo’s Arctic-oil lobbying

'We are hoarding our wealth in our massive sovereign wealth fund, while launching PR campaigns to deepen the EU's fossil-fuel dependence," said Frøya Skjold Sjursæther. 'If Støre truly cared for Europe, Norway would donate the billions we've made in war profits to Ukraine's aid'

euobserver.com

KLIMAATRECHTVAARDIGHEID | Journalist @westervangaal.bsky.social ziet hoe de werkelijke prijs voor onze energiehonger elders wordt betaald. Hij verzamelde verhalen uit Noorwegen, Argentinië, India en Curaçao, én een optimistische solarpunk-take! f9udw.r.bh.d.sendibt3.com/mk/mr/sh/SMJ...

The COP26 pledge to stop funding overseas fossil fuel projects is a rare success story in in phasing out fossil fuel subsidies However, Germany has been one of the biggest promise breakers, and it is showing that once more ⬇️Good reporting by @westervangaal.bsky.social

euobserver — EU news that matters@euobserver.com · 4w ago

Report: German taxpayers’ money backed new gas drilling in the Amazon, despite pledging to stop funding fossil fuels abroad

Ken je onze thema-nieuwsbrieven vol tips voor docu's, boeken, voorstellingen etc? Journalist Roxane Soudagar tipt elke maand over mensenrechten, @martehoogenboom.bsky.social over identieit en @westervangaal.bsky.social over klimaatrechtvaardigheid. Aboneer (gratis)! www.oneworld.nl/nieuwsbrief/

- Meld je aan!

Wil je op de hoogte blijven van de laatste berichten en opinies van OneWorld, abonneer je dan gratis op onze nieuwsbrieven.

oneworld.nl

OneWorld@oneworld.nl · 4w ago

MENSENRECHTEN | Journalist Roxane Soudagar ziet hoe in de VS, Spanje, Servië, Israël en Afrika de geschiedenis wordt herschreven. Vijf tips over hoe geschiedschrijving samenhangt met verzet. f9udw.r.bh.d.sendibt3.com/mk/mr/sh/SMJ...

"As financialized militarization progresses.....Rather than promoting peace, integration, and internationalism, as liberal thinkers predicted, financialization is fanning nationalistic tensions and increasing the risk of warfare."

Alfredo Saad-Filho & Jack Taggart | Defense Dividends

The interpenetration of private finance and the military

phenomenalworld.org

This obviously should be a coordinated global effort to find unpaid taxes from the global super rich. Can someone give China a copy of the Panama papers? Lots of names and addresses in that one that Western govts have been prevented from going after....

Albert Pinto@70sbachchan.bsky.social · 4w ago

Huh you can just do that???? Financial Times: "China has launched a global hunt for hundreds of billions of dollars in unpaid taxes going back decades as Beijing seeks to fill a deepening fiscal hole by targeting the ultra rich." www.ft.com/content/e179...

Internal documents reveal Shell decision to keep polluted Niger Delta pipeline open despite staff warnings

Brussels hands its €5bn scale-up fund to a Stockholm private equity giant EQT

Brussels hands its €5bn scale-up fund to a Stockholm private equity giant EQT

The European Commission previously said it chose EQT because of its shared ambition to "scale deep-tech innovation in Europe", despite the firm being best known for buying established companies.

euobserver.com

Berlin approved the export guarantee on the basis that the rig would replace older equipment, but researchers say it opened a new field instead.

Report: German taxpayers’ money backed new gas drilling in the Amazon, despite pledging to stop funding fossil fuels abroad

Berlin approved the export guarantee on the basis that the rig would replace older equipment, but researchers say it opened a new field instead.

euobserver.com

"AI has enabled Chinese officials to carry out forensic analysis of investment records at a much faster pace and at a lower cost than previously." 📈

China launches global tax hunt going back decades

Fiscal pressure sparks retroactive campaign and tougher controls on future offshore capital flows

ft.com

German economy minister Reiche's answer to Chinese EV competition is to weaken vehicle emissions rules. What decade does she live in? Reiche: "It is important that Brussels now delivers on making fleet regulation flexible enough to ensure that no fines are imposed"

Who said it couldn't get any worse: 12% of London properties originally intended for private sale sold in bulk deals this past year. Housing as an asset class, it's coming home.

Investors snap up bundles of UK properties as housebuilders offer discounts

Bulk buyers win double-digit reductions while cautious consumers stay on sidelines

ft.com

Ook wel eens fijn: een mondiale crisis die helemaal geen crisis blijkt te zijn. Waarom de paniek over #bevolkingkrimp overtrokken is www.groene.nl/artikel/een-... @groene.nl

Het aantal jongeren in de wereld keldert snel. Hoe erg is dat?

Het vooruitzicht van minder soortgenoten zorgt voor paniek onder rechts-radicalen én liberalen. Krijgt de mensheid er met de bevolkingskrimp een zoveelste crisis bij?

groene.nl

According to Devan Pillay of Schneider Electric, it's not just grids and prices holding electrification back. It's also change-resistant engineers of the older generation that are running plants today. "Their attitude is: if it works, let's leave it."

[Interview] ‘Some of the resistance comes from people fearing they’ll end up without a job,’ says industry expert on Europe’s slow electrification

According to Devan Pillay of Schneider Electric, it's not just grids and prices holding electrification back. It's also change-resistant engineers of the older generation that are running plants today. "Their attitude is: if it works, let's leave it."

euobserver.com

Even if public authorities sometimes have the right idea of where the energy transition needs to go, they still can't bring themselves to do what's needed to phase out fossil fuels.

EU governments can’t kick their fossil fuels addiction, even when they want to

Even if public authorities sometimes have the right idea of where the energy transition needs to go, they still can't bring themselves to do what's needed to phase out fossil fuels.

euobserver.com

Good talk with Rep. @seancasten.bsky.social on why the EU needs to resist fossil fuel lobbying and pressure from the Trump administration, and stand firm on its methane regulation. Why care? Methane traps 80x more heat than CO2, and leaks out free with gas production and transport.

Sean Casten@seancasten.bsky.social · 2mo ago

On European methane rules and US natural gas markets. Among other things. euobserver.com/227285/inter...

‘The Brussels effect on the United States is very real, and I think it’s because that effect is so real that you’re seeing this pressure from the Trump White House because frankly, they’re scared of you. And if they’re scared of you, that’s the time to flex, not the time to fold’

[Interview] The US Democrat trying to convince Brussels to stand up to Trump on methane

US congressman Sean Casten, a longtime champion of methane rules in Washington, recently wrote a letter urging EU commission president Ursula von der Leyen not to cave to US pressure to weaken the reg...

euobserver.com

euobserver — EU news that matters@euobserver.com · 2mo ago

US congressman Sean Casten, a longtime champion of methane rules in Washington, recently wrote a letter urging EU commission president Ursula von der Leyen not to cave to US pressure to weaken the regulation. EUobserver asked him why he believes delay is a mistake.

5/5 The cost of external financing was listed as least important among 15 different reasons, especially in industry. The reason for low investment in the EU, in other words, is not a fragmented financial system but rather the lack of economic incentives to invest.

Researchers found that the initiative gives large chemical producers, who stand to benefit directly from how the critical minerals list is drawn up, a central role in deciding what goes on it.

Inside the EU alliance where chemical polluters grade their own pollution

Researchers found that the initiative gives large chemical producers, who stand to benefit directly from how the critical minerals list is drawn up, a central role in deciding what goes on it.

euobserver.com

Na de VS proberen de multinationals ook de macht in de EU te grijpen

euobserver — EU news that matters@euobserver.com · 2mo ago

Exempt from transparency rules, the EU Commission's new so-called "Reality Checks" consultations are often attended only by lobbyists yet have shaped major deregulation proposals. Now the EU Ombudsman wants answers.

Exempt from transparency rules, the EU Commission's new so-called "Reality Checks" consultations are often attended only by lobbyists yet have shaped major deregulation proposals. Now the EU Ombudsman wants answers.

EU watchdog questions commission’s secretive ‘Reality Checks’ with corporate lobbyists

Exempt from transparency rules, the EU Commission's new so-called "Reality Checks" consultations are often attended only by lobbyists yet have shaped major deregulation proposals. Now the EU Ombudsman wants answers.

euobserver.com

Correct your priors: Private money is going after clean energy, governments are using public money to prop up fossil fuels "About 59% of all money spent on the fossil fuel system came from taxpayers in 2015. By 2025, that climbed to 68% and spiked at 78% in 2022." www.bloomberg.com/opinion/arti...

Who’s Really Keeping Fossil Fuels Alive? Taxpayers

To judge by the way many people discuss the energy transition, we’re engaged in a fight between green idealogues in government and academia on the one hand, and a more realistic private sector that re...

bloomberg.com

Polycrisis book club is now on youtube @jwmason.bsky.social @arjunjayadev.bsky.social 's explanation of their title 'Against Money' is great: Against mainstream barter theories Against collapsing the world into money, Against the rule of money @katemac.bsky.social www.youtube.com/watch?v=62lD...