Nobel Prize Winner Stiglitz wants 70% tax on top incomes
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Joseph Stiglitz, the recipient of the Nobel Prize, expresses worry over the growing disparity in social status across the globe. The division between the wealthy and the impoverished is expanding. In order to counteract this trend, he advocates for the affluent individuals to contribute more through an increased income tax and a wealth levy. Stiglitz suggests that implementing a global tax rate of 70 percent specifically for high earners would be a logical step forward.The former chief economist of the World Bank explained in Oxfam's "Equals" that if you increase taxes on those at the top, the ..read more
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EU: Companies will have to disclose how they pay employees to make pay gaps visible
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Women in the European Union (EU) still earn lower wages compared to men. This disparity exists not only because women often occupy lower-paying positions but also because, within the same sector and performing the same work, women earn less on average than their male counterparts. In many cases, women are unaware of the extent to which they are underpaid due to the lack of transparency regarding wages. However, a new development is set to address this issue. The EU Pay Transparency Directive now mandates that companies must reveal their employee compensation practices. This directive aims to e ..read more
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A resident of Berlin constructs small dwellings and donates them to individuals without permanent housing.
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Little Homes e. V. is an organization that constructs compact mobile dwellings and provides them to individuals experiencing homelessness. Thus far, they have successfully constructed approximately 248 of these portable shelters. Additionally, 148 previous occupants have been able to secure permanent housing once again, thanks to the organization's efforts. Receiving one of these homes has proven to be a pivotal moment for these individuals, as it restores their sense of security, peace, and hope. However, some critics view this as a temporary fix and express concerns regarding meeting minimum ..read more
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Royalties for the Environment: Musicians give Earth Songwriting Credit
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Brian Eno has a charity organization called Earth/Percent. It encourages musicians to donate a portion of their earnings to environmental protection. They do this by making the earth a co-writer of their songs. The resulting income is then donated directly to environmental, research and climate protection projects. Brian Eno, widely recognized as a musician, is commonly known as one of the founders of the band Roxy Music. Additionally, he gained fame for producing music for renowned artists like David Bowie, Talking Heads, and U2. Interestingly, he also composed the startup music for Wind ..read more
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Prominent attorneys align themselves with climate activists.
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
As climate scientists issue their last cautions about the future of our planet, climate activists are growing increasingly resolute in their efforts to bring about change, regardless of the consequences. Their demonstrations are becoming more contentious and disruptive as they strive to capture the attention of legislators, major corporations, and the general public in their quest to safeguard the planet. While the escalation of protests also raises the likelihood of legal repercussions, legal experts are beginning to express their support for climate activists, as evidenced by 140 prominent l ..read more
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The implementation of cost reduction measures resulted in catastrophic consequences in Turkey, Greece, and Ohio.
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
In February 2023, tragic events occurred globally, including a train collision in Greece, a toxic derailment in Ohio, and numerous deaths due to collapsed buildings in Turkey. Those impacted by these disasters share a sense of injustice and are calling for reforms within the government and regulatory entities they hold accountable. The common thread observed by the affected populations is a focus on reducing expenses, prioritizing profits, and disregarding the rights of workers and civilian safety.After a month of tragic events worldwide, those who are mourning the loss of their loved ones and ..read more
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How Preston’s “Communal Prosperity” model saved the City
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Preston used to be the hub of industry in England for a significant period. However, when the major companies in the city opted to relocate their production to countries with lower wages, the economy suffered a severe setback, leading Preston into a profound crisis. Nevertheless, the residents of Preston refused to be disheartened and joined forces to revive their economy. Instead of relying on multinational corporations and meager wages, they embraced local production and shared decision-making. As a result of adopting the "communal prosperity" approach, Preston is currently experiencing a th ..read more
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Private jets and night flights are prohibited at Amsterdam Airport Schiphol.
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
25.5 million passengers arrive at or change planes at Amsterdam’s Schiphol Airport every year. This makes it the second-largest airport in the EU. Private jets and night flights are now to be banned there from the end of 2025. This will lead to “quieter, cleaner and better air traffic,” according to the airport.In addition, larger and thus noisier aircraft such as the Boeing 747 will no longer be allowed to land. Residents and climate protection activists welcome Schiphol’s move to improve the quality of life in the Amsterdam suburb. The effects of this decision will now be felt throughout Eur ..read more
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France: Montpellier makes public transport free of charge
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Following two successful testing periods, the city has reached a decision: Montpellier's residents will no longer be required to pay for bus and tram travel. Starting from December 2023, public transportation will be free of charge. The city's objective is to diminish air pollution, decrease emissions, and provide assistance to marginalized communities. This initiative is included in a comprehensive 150 million euro plan, which also encompasses the development of additional bicycle lanes.The city government of Montpellier has decided to provide free public transportation for all residents. Sta ..read more
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Ireland utilizes swamps as a means to combat climate change by preserving large amounts of CO₂ within 33,000 hectares of newly formed peatlands.
Kona Coffee Chronicles
by Kona Coffee Bean
10M ago
Ireland is restoring its wetlands and marshes in an effort to combat climate change. While these wet areas make up just three percent of the planet, they hold 25 percent of global CO2. Currently, approximately 8100 hectares of the "green island" have been inundated with water to create ideal conditions for new peatlands. Specialists anticipate that this restoration project will effectively store significant quantities of greenhouse gases, which contribute to climate change.Peatlands are considered to be the ecosystem with the greatest storage potential for CO₂. When a plant dies, the CO₂ store ..read more
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