Chelsea Green Publishing

Chelsea Green Blog

Right war, wrong battle

The problem with the Bush/Paulson bailout plan is not—I repeat, NOT—the paychecks that financial corporation CEOs receive. Ezra Klein noted this yesterday as well. (With follow up today.) The NYT is now reporting that “Paulson Gives Way on CEO Pay.” Sure, it’d be frosting on the cake to have rescued corporations impose caps on their CEO’s salaries. But in the big picture? Big whoop.
  • It will not in any way affect whether tax payers are left holding the bag.
  • They will find a way around it and end up richer than you and me and everyone who reads put together. You know that, I know that, Congress knows that, Paulson knows that, so let’s not kid ourselves.
  • If this “concession” allows the current proposal to get through Congress, it will have been the greatest example of faux compromise in quite some time. It will have exchanged all hopes for responsible action with Jr. High level vengeance. We might get a little schadenfreude pleasure out of it, but it will be those Wall Street CEOs who get the last laugh, the kind of laugh that comes with seven or more zeros after it.

    Recipe: How to Make the Perfect Pancake

    When most people think pancakes, they think breakfast. But for Amy Halloran, breakfast is only the start.Halloran, author of The New Bread Basket, is a self-described pancake connoisseur. From a young age, she was entranced by the magic of bubbly batter rising to fluffy cakes on the griddle. Over time, her love of pancakes developed […] Read More..

    Inside the Rise of the Local Grains Movement

    Our daily bread. Breaking bread together. Bread and butter. These are all common phrases that reflect bread’s foundational role in our diet and in the building of our civilization. The stored energy of grain first allowed our ancestors to shift from nomadic hunting and gathering to building settled communities—even great cities. So why in an […] Read More..

    The Limits to Growth and Greece: Systemic or Financial Collapse?

    Could it be that the ongoing Greek collapse is a symptom of the more general collapse that the Limits to Growth model generates for the first two decades of the 21st century? Author Ugo Bardi (Extracted: How the Quest for Mineral Wealth is Plundering the Planet) examines the correlation between what is unfolding between Greece […] Read More..

    Economic Development is Broken. Here’s How to Fix It

    Economic development today is completely broken. That’s the argument of author Michael Shuman in his new book, The Local Economy Solution. The singular focus on attracting global corporations is not just ineffective but counterproductive, Shuman argues, especially given the huge opportunity costs. Indeed, it’s not far-fetched to suggest that the best way most communities can […] Read More..

    A Mini-Festo for Earth Day – Rebuild the Foodshed

    For the past month, author Philip Ackerman-Leist has been on a Twitter MiniFesto campaign – each day sending out a new tweet designed to spark conversation and pass along some lessons he learned whilst working on his last book, Rebuilding the Foodshed. You might also know Philip as the author of his memoir Up Tunket […] Read More..