“Inversion” is the term-of-the-moment for the practice of American corporations reincorporating overseas to lower their U.S. tax bills. In this business strategy, American companies buy up foreign firms with the goal of reincorporating in countries like Ireland and the Netherlands where corporate taxes are lower than in the U.S. Inversion is becoming so common that Treasury Secretary Jacob Lew has asked Congress to take immediate action to put an end to it. What is really needed is comprehensive tax reform that would lower U.S.
From the Editor
Renewable energy could power the world, claims Hydrogen Fuel News. It joins a host of recent articles and scientific reports that argue a shift to renewables is an achievable goal. Skeptics, ideological opponents, and “realists” scoff, point to what is currently a very small percentage of the overall global energy production. But think about this: the sun delivers more solar power to the Earth in one hour than the world’s population uses in a year.
Every year, dozens of major corporations announce awards they have received for CSR programs and practices. Now, Bombardier Transportation, a global rail technology corporation headquartered in Berlin, has turned the award spotlight to shine down its supply chain by presenting Supplier Sustainability Awards to two of its vendors, Knorr-Bremse AG – Division Rail and Clerprem S.p.A. Knorr-Bremse won in the category of suppliers with more than 500 employees for its progress in integrating corporate responsibility systematically into its management and processes.
As causes connected to products and practices grow in number and scale, it’s useful to check the data re. their effect on consumers. A new survey shows that coupling socially responsible concerns to sales and reputation is good business. Fifty-five percent of 30,000 people in 60 countries surveyed in a new report by Nielsen said they would pay more for products made by socially responsible companies.
The U.S. is debating whether to allow the XL Keystone pipeline to be built. Canada is arguing over how to ship oil sands crude, with or without the XL pipeline. The EC is debating energy supply after disruptions in Russian natural gas delivery and is reviewing renewables regulations after sharp increases in utility bills. While the developed countries tie themselves in policy knots, China has taken the lead in renewable energy products in global trade, according to a new report by the United Nations Environment Program.
The Supreme Court has upheld the EPA’s authority under the Clean Air Act to require greenhouse gas controls at power plants and other, stationary sources of pollution, including industrial facilities.
For the fifth consecutive time, U.S. healthcare has been scored last among the 11 developed nations measured in its latest review by the Commonwealth Fund, a foundation that supports research on healthcare and social issues. The 2014 survey includes data from four previous Commonwealth Fund health system scorecards, and from the World Health Organization and the Organization for Economic Cooperation and Development. U.S. healthcare scored as the most expensive, but came in last or near last in the categories of access, efficiency, equity, and, most significantly, outcomes.
Given: that a carbon tax would give liberals, Democrats, activists, and environmentalists an effective climate policy. Given #2: that a carbon tax could give conservatives, Republicans, Tea Partiers, and libertarians a less intrusive government. Now, let the debate begin . . . . A Bloomberg Businessweek editorial makes the provocative case that a carbon tax is the best energy policy for all sides of the argument.
As summer’s hot temperatures kick in, the action in the energy sector is heating up, too. There’s the seasonal rise in demand for gasoline—and a corresponding rise in gas prices, since inventories are down. At the same time, U.S. crude oil production is at its highest level in 20 years, due to fracking of shale reserves. Oil inventories are growing, and the U.S. is on its way to becoming an energy exporter in the next few years. Then there’s the EPA’s proposals to increase the use of solar, wind, and natural gas, and to reduce coal-powered electrical generation plants.
Fifty of the United Kingdom’s biggest companies are being directed to measure how their suppliers add value to their local communities. The advisor on CSR to Prime Minister David Cameron, Philip Green, is asking that social value tracking be integrated into the annual reports of top companies in the retail, utilities, and telecom sectors.
The Centers for Medicare and Medicaid Services is making several large data sets available to the general public for the first time. Now, those curious about costs and practices can review Medicare’s figures for inpatient and outpatient charges for 2012, and compare them year over year to 2011. CMS is also releasing data related to chronic conditions and to geographic variations. The information can be managed by a dashboard interface that allows for easy access by a general audience, not just to health professionals and researchers.
The numbers are official: a proposed EPA regulation under the Clean Air Act would cut carbon pollution from U.S. power plants 30% by 2030 from 2005 levels. This reduction would be achieved by various means, including increased use of renewable energy sources. That number may seem ambitious, but it's already one-third of the way there. The natural gas boom has contributed to a fall in emissions of 10% since 2005, and, at the current rate of decline, emissions should reach 17% less by 2020, a pledge that President Obama made at Copenhagen. What's the bottom line?
The European Commission has proposed a new strategy to secure the European Union’s energy future. The strategy includes diversifying energy supplies, upgrading Europe's energy infrastructure, integrating internal markets, and increasing energy efficiency. Ukraine’s recent crisis has raised European concerns about its dependence on Russian natural gas and oil distributed through Ukrainian pipelines. The proposed strategy underlines the necessity for the EU to coordinate different national energy policies in a continent-wide, unified policy. There are lessons here for U.S.
Back in January, McDonald’s announced plans to begin buying verified sustainable beef by 2016, with the eventual goal of purchasing all of its beef from sustainable sources. Now the company is talking about how that’s going to happen: metrics will be applied at the regional level, in a bottom up approach.
"Innovation often occurs at the market level and bubbles up . . . rather than being corporate-driven." That surprising comment was made by Jeffrey Hogue, McDonald's Senior Director of Global Corporate Social Responsibility and Sustainability, at last week's US Forum for Sustainable and Responsible Investment conference. With 36,000 franchises organized around a strong operational and brand-defining administration, decentralization may seem an unexpected choice for the fast food company.
16—that’s the number of people supporting each doctor, half of them administrators doing paperwork. Although the health care sector is now catching up, the lag in adopting new technology, particularly the slow integration of EMR (electronic medical records), has been one of the major factors driving U.S. health care costs, now totaling nearly 18% of GDP. Increased use of new apps is one of the provocative prescriptions for a sick health care system put forth by Jonathan Bush, nephew of former President George H.W.
When air pollution levels in Beijing and Shanghai reached seriously unhealthy levels this winter, the conventional remedy was an $800 air filter in each room of every apartment, house, restaurant, or office. That's a pricey solution, even for China’s increasingly wealthy middle class. Now there's a new, DIY innovation for a fraction of that expense: $33 buys you a Smart Air Filter kit from Taobao, China's Amazon-like e-commerce site.
"Narrow networks,” similar to the HMOs of the 1990s, are becoming the structure of choice in the health plans now being offered on state insurance exchanges created under the Affordable Care Act. Smaller networks that exclude some large hospitals and doctors’ groups are the only way to control costs and manage care, say health insurers. Health insurance companies also say that consumer resistance to HMOs’ similar narrowing of provider choice is being avoided today because they are now working more closely with providers, and because potential clients are more focused on cost.
The liquid that drillers inject into shale formations to fracture them and release trapped gas has been a mystery. Blamed for contaminating ground water and therefore drinking water sources, the fluid has achieved an almost alchemical status for anti-fracking activists and oil and gas companies alike, in the absence of detailed information about their formulas.