Korea: “Green” Mayor Transforms Seoul – Will Country Follow?


Seoul, South Korea Mayor Oh Se-hoon is among a new breed of South Korean politicians who increasingly stake their political fortunes on so-called green growth.

Seoul, South Korea Mayor Oh Se-hoon is among a new breed of South Korean politicians who increasingly stake their political fortunes on so-called green growth.

Cap-and-Trade Transformed by Debased DC Discourse


Ever since the turn of the millennium, we’ve argued that the most fundamental problem facing most of the world, but especially in the US, was the low level of public discourse.

US Doctors Give Up Private Practice & NOT Due to Obamacare


A quiet revolution is transforming how medical care is delivered in this country, and it has very little to do with the sweeping health care legislation President Obama just signed into law.

But it could have a big impact on that law’s chances for success.

Germany Forces Joint Euro / IMF Solution to Greek Debt Crisis


After months of fractious debate, the 16 countries that use the euro agreed on a financial safety net for Greece,

combining bilateral loans from those European nations with cash from the International Monetary Fund.

After months of fractious debate, the 16 countries that use the euro agreed on a financial safety net for Greece,

Legalize It ??? Pot As Cure for California Fiscal Disaster ???


Perhaps only in California could a group of marijuana smokers call themselves fiscal realists.

And yet, faced with a $20 billion deficit, strained state services and regular legislative paralysis, voters in California are now set to consider a single-word solution to help ease some of the state’s money troubles: legalize.

Potential Downside of Google “Exit” for China Internet Giants


While the Google / Chinese government drama is far from played out,

one aspect of the situation that hasn’t received much attention are the potential implications for China’s own Internet giants.

Obviously, access to China’s huge domestic market is a key prize in the global media sweepstakes, [br]

US Households Facing Foreclosure Rose in 4th Quarter


The ranks of those facing foreclosure swelled by a quarter-million households in the fourth quarter, new government data shows.

Households that are at least 90 days delinquent on their mortgage payment now number at least 1.6 million, according to a report Thursday issued by the Office of the Comptroller of the Currency and the Office of Thrift Supervision …[br]

Obama Housing Plan: New & Different or Same Old, Same Old ???


Despite the fact that it was the lead story on the NYTimes website all day Friday, and then followed on Saturday by a “News Analysis” calling it “Bold”,

A Carbon Index for Financial Markets?


EconomyWatch.com reader and Worldwatch Institute (worldwatch.org) publisher from Brazil, Eduardo Athayde, has sent us this thought provoking piece:

Bank of America To Forgive SMALL Amount of Principal on Housing Debt


While far from anything like what a) NEEDS to be done or b) COULD be done,

the fact that a major American mortgage holder is – for the first time – willing to reduce the PRINCIPAL on houses that are “underwater” —