Transition thinking – The Good Life 2.0

In this week's article from Fleeing Vesuvius, Davie Philip argues that we need to make an evolutionary leap in the way we do things if we are to make a controlled, planned transition to a post-industrial, low-carbon society. The initiatives developed by the nascent Transition Towns movement suggest that we are up to the challenge, and provide a model for how the more resilient communities needed for the future might be built.

The ECB must rise above itself to rescue the eurozone

Great post by Bill Black on how the ECB must break and remake it's own rules. In addition to fighting severe inflation, the ECB must (1) minimize unemployment, (2) serve as a lender of last resort to member nations and banks, and (3) serve as a “regulatory cop on the beat” to prevent the epidemics of accounting control fraud in EU banks that hyper-inflated financial bubbles