Green Options

Transcript of President Obama’s address from Saturday, February 21, 2009:

THE PRESIDENT:  “Earlier this week, I signed into law the American Recovery and Reinvestment Act — the most sweeping economic recovery plan in history.  Because of this plan, 3.5 million Americans will now go to work doing the work that America needs done.

I’m grateful to Congress, governors and mayors across the country, and to all of you whose support

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Are you surviving the financial crisis?

While the mainstream media seem more interested in spinning stories of foreclosures, bankruptcies and the like, millions of Americans who have gone green in either their homes, lifestyles or businesses have discovered a degree of sustained prosperity, security and stability, despite the tough times both nationally and globally. That’s not to say they’re living high on the land. But that’s the whole point for many who have chosen to live lean, green, and with the health of their community in mind, focusing on what they value, not on what they can consume next.

There’s Tazza D’oro, the fair trade and community-focused coffee house I just visited in Pittsburgh, where sales are up by double digits; this, despite the restaurant industry as a whole seeing sales plummet by about 43 percent last I checked with the National Restaurant Association. New Society Publishers, the publisher of my latest books ECOpreneuring and Rural Renaissance, both printed on 100 percent post consumer waste recycled paper, continues to prosper, perhaps even more so with books that provide positive solutions for people hungry to make a difference. For people who took their early summer 2008 Economic Stimulus Package check and invested it in energy efficiency and conservation, paid off a credit card balance, or like my wife and I, added a photovoltaic system to power our all-electric CitiCar, we realized both a return on our investment and return on environment while needing less money to pay the bankers or utility companies.

Here’s what I’ve learned from both personal experience over the past twelve years and in talking with many others about how to survive a financial crisis:

(1) Invest in the future and in your community

In a time when 401ks are quickly turning into 101ks, many Americans are exiting the debt-based economy, paying off credit cards, canceling car loans, paying down mortgages. Suddenly, when we don’t need to earn money to pay the banks, we rediscover what freedom means. We don’t save for the future, we invest in the one we want to live in, filled with green building materials, fairly traded products, and crafted as a part of the restoration and reuse, place-based economy, sometimes costing us only pennies on the dollar. From an old building turned we into a strawbale greenhouse heated by solar thermal system and biodiesel (we make with a neighbor) to various renewable energy systems, we are pleased — happy — that what we invest in does, in fact, make the world just a little better.

Economic populism involves an economic philosophy urging social and political system changes. In the current political and economic climate, the public concern over the inequity of wealth appears to be at a peak. There is a growing call by Senator Barack Obama and democrats to raise taxes on the wealthy to shrink the wealth gap. But is it true that the rich are getting richer? Or are the rich actually in danger of losing a significant portion of the nation’s [...]

Wondering how the financial crisis is going to effect your business?  Well, you’re not alone.  Trendwatching.com recently posed it as question #1 in their Top 15 Trend Questions (and Answers). In answering the big question, they give answers to various ‘recession’ related questions, including the eco-question on my mind: “Is ‘eco’ still going to be big?”

Their answer:

A: Why not? Sure, certain overpriced organic nice-to-haves will suffer, but we’ll

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The economy is in crisis, unemployment is on the rise, and there is a general feeling of fear in the market.  Where some see despair, Warren Buffett sees opportunity. 

In a recent Op-Piece in the New York Times, Mr. Buffett explains his reasons for investing in US Equities and urges others to do the same.  He encourages investors to “be fearful when others are greedy, and be greedy when [...]

Photo credits: Wired.com.

Entrepreuneur.com recently wrote an excellent guide for small business owners on proactive moves they can take to survive - and better yet, thrive - in the nose-diving economy.

“You Can Weather the Economic Storm (Product price sensitivity and financial creativity can help you thrive in any economy)” is especially relevant for green entrepreneurs as many of the principles underlying Dennis Romero’s advice aligns with what sustainable business leaders already know: go for local resilience, understand the value of community-based goodwill and when in doubt, simply, simplify, simplify to the bare essentials (do the latest farm-fresh food recipes or eco-cleaning supplies mantras sound familiar, anyone?).

Thank you getthebigpicture.net. Video source: MBelinkie on YouTube

After announcing yesterday that he would be suspending his campaign to work on the ongoing economic crisis, many in the room at the morning plenary session of the 2008 Clinton Global Initiative on Thursday were surprised to hear Senator John McCain basically give a version of the stump speech he’s been giving over the last several months.

The financial markets unraveled so rapidly last week, it’s still hard to process all the developments and likely consequences. But there’s no doubt that events on Wall Street carry serious implications for our energy and environmental future as well.

I can’t wrap my head around all the pieces yet (and I’m not sure if I’ll ever be able to), but here are some random thoughts about what the market meltdown might mean for oil prices, oil production, renewable energy development and climate change:

In view of the current financial crisis, it is hard to grasp the fact that overnight investment banks once regarded the kings of Wall Street, are teetering on the edge of stability. The bankruptcy of Lehman Brothers has threatened the survival of Morgan Stanley in spite of the fact that it has just declared great earnings. All eyes are on Morgan and Goldman Sachs, the two big I-banks left standing. Will they go next? What will this mean for corporate [...]