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London may need to be moved

This letter from Caroline Lucas was in the Guardian yesterday. I am sharing it as she is also a member of the Green New Deal Group, with me: Two chilling reports this week from the World Meteorological Organization and the UN Environment Programme both show that carbon emissions haven’t yet peaked, let alone begun the […]

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Q4 GDP Forecasts: 0.8% to 2.0%

From Goldman Sachs: [W]e lowered our Q4 GDP tracking estimate by one tenth to +2.0% (qoq ar). (qoq ar). [Nov 27 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.8% for 2019:Q4. [Nov 29 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real […]

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STR: Hotel RevPAR “Upcycle Over”

From Jan Freitag at HotelNewsNow: Consecutive RevPAR dips make it official: Upcycle over Let’s look at what we know: RevPAR has now declined two months in a row—three months in the last year, and four months in the prior 13 months. Because everyone likes a record, we keep counting RevPAR growth months and are now […]

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Five Economic Reasons to be Thankful

With a Hat Tip to Neil Irwin (he started doing this several years ago) … here are five economic reasons to be thankful this Thanksgiving … 1) Low unemployment rate. The unemployment rate was at 3.6% in October. The unemployment rate is down from 3.8% in October 2018 (a year ago), and is down from […]

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Climate change and the manifestos

In advance of  tonight’s climate change election debate it’s worth summarising the manifesto state of play. In a nutshell it is this: Conservatives: Net zero emissions by 2050, as under current UK law. In effect, it is assumed the issue has been addressed. Labour: Aiming to achieve the “substantial majority” of emissions reductions by 2030, […]

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If we’re serious about climate change we need compulsory accounting standards to require business to report on it

The following is reposted from the website of the Corporate Accountability Network, of which I am a director. I wrote this blog, the timing of which is very relevant in the light of tonight’s climate change debate on Channel 4:  Yesterday the Guardian, amongst many members, noted a new report from leading climate scientists printed […]