Climate change, economy, environment, Socially Responsible Investing, SRI

Climate Change Impacts: an Interview with Paul Beckwith

I was able to connect with Paul Beckwith first on March 20th, 2016 and more recently on May 18, 2018. We discussed the current state of Climate Change and what it means for global economic prospects. Professor Beckwith is a noted expert on Abrupt Climate Change. He is a professor at the University of Ontario.

 

Prf. Beckwith starts by explaining, “I think the warming of the Arctic is destabilizing the climate system. The disruption of the temperature gradient between the Arctic and the temperate regions is what sets up weather patterns like the Jetstream. The Jetstream has basically broken down at this stage. The Whole arctic region is getting much darker due to sea ice loss, which leads to increased heat absorption, which then leads to accelerated glacial and ice melt.”

Climate change leads to drastic transitions and weather instability; higher temperatures mean more evaporation and more severe weather events.

In January of 2018 the arctic experienced a 40 degree temperature increase in a week, and this was during a time when the arctic was in 24 hours darkness. This has accelerated loss of sea ice in recent months, further disrupting the Jet Stream.

Continue reading “Climate Change Impacts: an Interview with Paul Beckwith”

Climate change, environment, ESG, Socially Responsible Investing

First hand insights on Climate Change impacts in Bangladesh: An interview with Susmita Saha

This is a reprint of a 2016 interview.

I met Susmita Saha through Facebook. She liked a previous article I had written on the subject of climate change and I reached out to her to connect. Since then we message each other each day.

 

Knowing that the impacts of Climate Change will be hardest felt in places like Bangladesh I wanted to get her view of what is happening and how it affects her daily life. I asked her to start by describing her background, age, and upbringing.

 

“I am Susmita Saha. I live in Jhalakati, Barisal division, Bangladesh. I am 23. Currently I am a student of disaster management in Patuakhali Science & Technology University. I am studied in the science group. Originally I wanted to be a doctor to save lives & to serve the poor people in our community & help society… But I couldn’t… I then I decided to study in disaster management… It’s a challenging subject for me to obtain knowledge to mitigate the impacts of various hazards or disasters in our country….”

Continue reading “First hand insights on Climate Change impacts in Bangladesh: An interview with Susmita Saha”

economy, new economy, Socially Responsible Investing, SRI

‘Be the change that you wish to see in the world’: A Speech to Cooperative Impact 2015, Princeton 5/14/2015

Several years ago, I was asked to give an opening keynote speech to a gathering of social innovation entrepreneurs. The message I think is one that continues to be relevant…

 

We are on the edge of the greatest entrepreneurial revolution in the history of mankind.

Continue reading “‘Be the change that you wish to see in the world’: A Speech to Cooperative Impact 2015, Princeton 5/14/2015”

economy, new economy, protection, retirement

Millions of new entrepreneurs in the past few years

We are entering a new age…

According to Bloomberg, over the past few years millions of people have entered the ranks of the self-employed. The digital economy has made it easier for the business savvy to go off on their own and be their own boss. Facebook has brought people closer together, texting and email have increased communication. Associations and Meet-up groups create networking opportunities. LinkedIn in particular has created rolodex transparency within companies and whole industries. (1)

While being self-employed is not for everyone, it is easier now than ever before. A connection on Facebook or LinkedIn is a potential client. Whatever you do, whatever your expertise the reality is there are hundreds and thousands of people who need to talk to you. Many of these are newly sprouted entrepreneurs as well. Building connections to individuals, as well as businesses is the new road to success.

Continue reading “Millions of new entrepreneurs in the past few years”

AI, disability, economy, life insurance, new economy, retirement

Jobs at Risk

A recent study by McKinsey Global Institute examined how robotics will affect labor and the economy. The study estimated that 800 million jobs (1/5 of all jobs) will be impacted by advances in robotics.

Among the jobs most impacted include brokers, accountants, office staff, machine operators, and food service. Lower skilled, repetitive tasks are most likely to be replaced.

What does this mean for family finances in the years to come?

Continue reading “Jobs at Risk”

economy, retirement

Trick or Treat? The Potential Downside of Tax Reform for Investors

 

There is an old story that goes “beware what you wish for…” Things don’t always turn out as expected.

 

Along those lines I watched a fascinating interview of Tom Lee, head of research at Fundstrat, on Bloomberg this morning.

 

His feeling is that a Tax cut, as it is currently being discussed, could be negative for investors. “There’s two reasons; First, when cutting tax rate you raise the after tax cost of debt. Leverage becomes a problem for a lot of businesses. Second, because you are cutting tax rates you are effectively giving cash to all businesses, even businesses where you want to reduce allocation.“

Continue reading “Trick or Treat? The Potential Downside of Tax Reform for Investors”

life insurance, protection

How will your family survive?

 

My son was born when I was 30 years old. Honestly, I didn’t get life insurance until I was 36. I had never been taught the importance of using Life Insurance to manage risk and protect your family. Recent studies show that I’m not alone. There is a huge gap in the level of financial literacy in the United States.

 

According to a recent study by LIMRA;

  • Among households with children under 18, 4 in 10 say they would suffer immediate financial trouble if a primary wage earner died today.
  • Another 3 in 10 would have trouble keeping up with basic living expenses after several months.
  • Overall, 7 in 10 of all households said they would have trouble covering everyday living expenses after several months if the primary wage earner died.

 

To be clear 37 million households have no life insurance… none…

Continue reading “How will your family survive?”

disability, economy, life insurance, protection

Deaths of Despair

 

In March of 2017 a landmark study was released connecting financial security and death rates in the United States. The information is sobering and should be the focus of policy changes at all levels of government.

 

A recent study by Princeton Professors Anne Case and Angus Deaton titled, “Mortality and morbidity in the 21st century,” shows the connection between the rising mortality rates of the middle class in the US and “a measurable deterioration in economic and social wellbeing”.

G

This deterioration has not suddenly developed. Rather, “Case and Deaton document an accumulation of pain, distress, and social dysfunction in the lives of working class whites that took hold as the blue-collar economic heyday of the early 1970s ended, and continued through the 2008 financial crisis and the subsequent slow recovery.”

Continue reading “Deaths of Despair”

economy, new economy, retirement

“Morning in America…”

I was driving into work today and a Chevy Volt sped by me. Yesterday a Fisker Karma was parked in front of my office. Last month Tesla started mass production of the Model3.

Technology is bringing a renaissance to American manufacturing. New industries and new job descriptions are being created, even as “old economy” jobs become antiquated and outsourced to robots.

Continue reading ““Morning in America…””

economy, new economy, retirement

Management Flaws in Corporate America

The most recent rounds of corporate earnings reports for retail companies has by and large been very disappointing. Many companies are struggling to survive in an environment dominated by a few large ecommerce companies.

 

Disappointing earnings have resulted in lowered outlooks and fallen stock prices of many retail companies.

 

I recently had the opportunity to talk to several people who work in corporate America, particularly retail. What I learned is scary.

Continue reading “Management Flaws in Corporate America”