'Articles by Hazel Henderson'
USA Update: June 2015
Total nonfarm payroll employment rose by a reassuring 280,000 jobs in May after 223,000 in April. Jobs in March were revised upward to 119,000 with gains for March and April 32,000 higher than previously reported. The unemployment rate is essentially unchanged at 5.5% with 8.7 million people still looking to join the labor force. The recovery is still on track and wages were a brighter spot, with average hourly rates rising by 8¢ on private, non-farm payrolls to $24.96. GDP decreased at an estimated annual rate of .2% in the first quarter of 2015; 2.2% in the fourth quarter of 2014. The USA recovery is still unevenly shared. Polls found the economy still the top worry of voters. The civilian labor force participation rate rose slightly [...]
We all live in “mediocracies” whatever our country’s form of government. We live in “attention economies” where brands, keywords and media trump politics, economics and culture in what Marshall McLuhan called “our global village”. Today we see countries following Britain’s branding in the 1990s as “Cool Britannia,” such as China’s promoting “The Chinese Dream” and the “circular economy”.
The sustainable, responsible investing (SRI) movement began in the 1970s with weapons-free portfolios of Pax World Fund and Alice Tepper Marlin’s “peace portfolio” at the Council on Economic Priorities. The growth of this movement, now worldwide, has gone through many branding stages: from negative screening, pioneered by Calvert, shunning South African [...]
USA Update: April 2015
By Hazel Henderson
Total nonfarm payroll employment rose by only 126,000 in March, lower than most forecasts, while downward revisions went from 295,000 to 264,00 in February. The 239,000 jobs reported in January was revised down to 201,000, while confirming the 329,000 jobs added in December. The unemployment rate stayed at 5.5% with 8.6 million people still looking to join the labor force. All these revisions and the low March figure could threaten the recovery. Wages were a brighter spot, with average hourly rates rising by 7¢ on private, non-farm payrolls. GDP increased at an estimated annual rate of 2.2% in the fourth quarter of 2014, 5% in the third quarter, after a 4.6% increase for Q2, good news after the 2.1% drop in GDP-growth for Q1. The USA [...]
US Congress Minority Leader Nancy Pelosi at a conference at the Brookings Institution lectured her audience of policy wonks. She chided slavish followers of Adam Smith’s Wealth of Nations(1776) who had never bothered to read his other book The Theory of Moral Sentiments (1759) which covers the rest of his description of human behavior: our altruistic impulses to help each other and our communities. Hillary Clinton and Elizabeth Warren take note!
How did Adam Smith’s earlier book get deep-sixed while his focus on competitive human behavior in markets became capitalism’s gospel of individual profit-maximizing? Clearly Smith’sWealth of Nations appealed to the animal spirits and ego needs of budding businesses, early swashbuckling stock markets, traders and merchant venturers [...]
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Hazel Henderson, “The Green Transition & Global Investment” on What Now Radio, Jan. 13, 2015
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