DAVID MCCANN – At a time when news of banking scandals is uncomfortably frequent, a new report says that last year only 17% of global banking organizations “clawed back†compensation payments previously made to employees. The survey of financial-services institutions by the consulting firm Mercer was not expansive, with only 42 banks participating (in addition to 18 insurance companies and three other types of firms). Still, the results may suggest that regulators are not achieving the objectives of their persistent calls for banks to implement clawback policies.
How Hawkish Are Americans?
LAWRENCE S. WITTNER – In the midst of a nationwide election campaign in which many politicians trumpet their support for the buildup and employment of U.S. military power around the world, the American public’s disagreement with such measures is quite remarkable. Indeed, many signs point to the fact that most Americans want to avoid new wars, reduce military spending, and support international cooperation.
Climate Change is Already Damaging Global Economy, Report Finds
FIONA HARVEY – Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than $1.2 trillion, wiping 1.6% annually from global GDP, according to a new study. The impacts are being felt most keenly in developing countries, according to the research, where damage to agricultural production from extreme weather linked to climate change is contributing to deaths from malnutrition, poverty and their associated diseases.
Three Ways to Fix the Climate in 2012 and Beyond
EBAN GOODSTEIN – It’s hot. It’s going to get hotter. And despite the politics of the moment, extreme weather will eventually drive a national consensus on climate action. What can each of us do to insure we get there soon, rather than too late? There are three answers. The first is to build political power. Elect clean-energy champions at the municipal, state, and national levels who can pass policies enabling a clean-energy revolution. The second is to stop expansion of the global carbon infrastructure. This will cut pollution — some — but will also build the morally grounded movement that must ultimately drive a strong clean-energy politics. Answer three? Grow the green shoots of the emerging sustainable economy.
Obama Touts Transparency but Negotiates Secret Trade Deal
LORI WALLACH – On Sept. 6, as President Barack Obama promised jobs and transparency in his Democratic National Convention acceptance speech, his top trade officials were cloistered in conditions of extreme secrecy at the Lansdowne resort in Leesburg, Va., negotiating a massive “trade†agreement that will promote more U.S. job offshoring and ban Buy American procurement preferences.
It’s Us or the Nukes
DAVID SWANSON – Three years later a Soviet Lieutenant Colonel acted out the same scene, with the computer glitch on his side this time. Then in 1984 another U.S. computer glitch led to the quick decision to park an armored car on top of a missile silo to prevent the start of the apocalypse. And again in 1995, the Soviet Union almost responded to a U.S. nuclear attack that proved to be a real missile, but one with a weather satellite rather than a nuke. One Pentagon report documents 563 nuclear mistakes, malfunctions, and false alarms over the years — so far.