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Economics - NJ

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This working group is focused on discussions about economics.

The mission of this working group is to focus on discussions about economics.

Members

Kathy Gilbeaux mdmcdonald

Email address for group

economics-nj@m.resiliencesystem.org

Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (2018)


CLICK HERE - STUDY - Union of Concerned Scientists - Underwater - Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (28 page .PDF document)

ucsusa.org - June 2018

Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people's homes, lives, and properties.

Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face.

This analysis looks at what's at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come.

(CLICK HERE - READ COMPLETE ARTICLE)

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Most U.S. Companies Say They are Planning to Transition to a Circular Economy

But the definition of circular economy remains unhelpfully broad.

fastcompany.com - by Adele Peters - February 5, 2019

When Amsterdam’s Schiphol Airport remodeled a terminal, it didn’t buy light bulbs; instead, the company signed a contract for “light as a service” from Signify, the company formerly known as Philips Lighting. Signify owns the physical lights, giving it the incentive to make products that last as long as possible and that can be easily repaired and recycled if anything breaks.

The service is one example of a shift to a circular economy model. Rather than just mining materials and manufacturing products that ultimately end up in landfills, companies are increasingly trying to figure out how to use resources in closed loops.

(CLICK HERE - READ COMPLETE ARTICLE)

 

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From Coast to Coast, Middle-Class Communities are Shrinking

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

(READ COMPLETE ARTICLE)

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Cutting Greenhouse Gas Emissions Won't Slow Global Economic Growth — Report

          

Increased use of low-carbon energy sources instead of fossil energy sources is making it easier for countries to decouple economic growth from greenhouse gas emissions, according to a new report.  Photograph: Mick Tsikas/Reuters

New report from green think tank Heinrich Boll shows OECD countries grew their economies 16% in last decade – and cut greenhouse gas emissions 6.4%

CLICK HERE - RESEARCH REPORT - Turning point: Decoupling Greenhouse Gas Emissions from Economic Growth

theguardian.com - by Bruce Watson - September 26, 2015

As the world works out how to avoid catastrophic climate change, one of the biggest questions remaining is whether we can continue to grow economically without also increasing greenhouse gas emissions.

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Let's Stop Improvising Disaster Recovery

submitted by John Patten

      

rockinst.org - by James W. Fossett - July 2013

“We can surge troops and equipment, but you can’t surge trust.” - General Carter Ham

The American intergovernmental system needs to stop improvising the way it manages long-term recovery from major disasters such as Hurricanes Katrina and Sandy and the terrorist attacks of 9/11. From financing to decisions about the proper response to long-term climate change, the American system for disaster recovery is ad hoc, uncoordinated, and reinvented from scratch after every major disaster. As a result, recoveries have been lengthy and conflictual, imposed considerable welfare costs on families and businesses, and have resulted in only marginal improvement in the vulnerability of areas afflicted by these disasters.

(READ COMPLETE ARTICLE)

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Best of Both Worlds? Northeast Cut Emissions and Enjoyed Growth

Growing Economy, Falling Emissions

Economic growth has been stronger in nine Northeast states that have a current cap-and-trade program. Carbon emissions in those states have fallen much more quickly than in the rest of the country.

       

The New York Times
Sources: ENE; Energy Information Administration

nytimes.com - by Hannah Fairfield - June 6, 2014

Some critics of the Environmental Protection Agency’s new requirements for power plants argue that forcing emissions reduction will curtail economic growth. But the recent experience of states that already cap carbon emissions reveals that emissions and economic growth are no longer tightly tied together. . .

. . . The nine states already in the program — Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont — have substantially reduced their carbon emissions in recent years. At the same time, those states have had stronger economic growth than the rest of the country.

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President Obama Signs Flood Insurance Bill Into Law

President Barack Obama signs flood insurance bill into law.
(AP Photo/Charles Dharapak)

nola.com - by Bruce Alpert - March 21, 2014

WASHINGTON -- President Barack Obama Friday signed into law hard-fought legislation that will limit flood insurance premium increases to no more than 18 percent a year.

White House officials called Sen. Mary Landrieu, D-La., shortly after 1 p.m. CT to say the bill is now law.

(READ COMPLETE ARTICLE)

(CLICK HERE - H.R. 3370)

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New Jersey's Handling of Superstorm Sandy Funds Questioned

      

New Jersey Gov. Chris Christie takes questions at a town hall meeting last week in Toms River, N.J. “I never promised you, nor would I, that this was going to be mistake-free,” he said of delivering aid after Superstorm Sandy. (Mel Evans / Associated Press / March 4, 2014)

With many homeowners still waiting for help, officials including Gov. Chris Christie – already battered by the George Washington Bridge scandal – have been accused of incompetence or even favoritism in delivering federal recovery money.

latimes.com - by Joseph Tanfani - March 12, 2014

POMONA, N.J. — His state wrecked and reeling from Superstorm Sandy, Chris Christie made himself the face of New Jersey's comeback effort with a take-charge tour de force that became a cornerstone of an expected run for president.

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House Passes U.S. Flood-Insurance Rate Bill Backed by Realtors

      

Manuel Sanchez takes in the view of his flooded home and property on September 14, 2013 in La Salle, Colorado. Photographer: Marc Piscotty/Getty Images

businessweek.com- by James Rowley - March 4, 2014

The U.S. House passed legislation trimming premiums for government-sponsored flood insurance

The measure would limit premium increases to 18 percent per policy or 15 percent of an average of premiums in a particular flood zone.

The House bill, H.R. 3370, must be reconciled with legislation passed by the Democratic-controlled Senate that House Republican leaders said would roll back too many of the 2012 law’s changes. The Senate bill is S. 1926.

(READ COMPLETE ARTICLE)

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Sequence of Assistance - Disaster Human Services Programs

      

submitted by Seth Golbey - January 21, 2014
Voluntary Agencies Group Supervisor
FEMA-4085-DR-NY

(TO DOWNLOAD FLYER - CLICK ON ATTACHMENT BELOW)

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