A Hippocratic Oath for Bankers

Bankers destroyed the economy and in too many countries those responsible walk free despite the damage they wrought. Iceland jailed bankers at fault in their country, but what can we do to ensure that bankers behave in the future?

Doctors take the hippocratic oath in order to practice medicine, now it’s being suggested bankers need something similar. We don’t want bankers to be like people with MBAs.

In contrast to a rigid moral regime that most ethical systems call for, the theory of virtue recognises that people’s needs are all different and as a result, argues for the fulfillment of those needs in all of their distinctness. Applying this theory to banking reform means that our banks should, to the best of their abilities, attempt to meet people’s diverse financial needs, and should not simply focus on self-enrichment or basic transactional services.

This bankers’ oath would symbolise a turning point for the profession and make a much-needed encouraging signal to the public. Lawyers, doctors and architects all hold a professional motive to not only do the best for their client but also adhere to the well established principles of that profession. In medicine, the Hippocratic oath provides a centre-piece for personal responsibility in the profession and their overarching principles. Banking is no different and in the post-crash era, should strive towards professionalism.

Read more.

China’s Changing Waste Management

China’s rate of economic development has caused massive change in the country and that includes the impact on waste management. Waste from consumer goods, industry, and other “good” things for the economy causes huge problems around the world. China is now at a turning point that can see interesting solutions to problems the developed world has had an easier time dealing with.

The sheer amount of pollution in China is causing people in the city to protest government policies. Environmental consciousness is growing in China.

Chinese waste management stands at a watershed moment. Rising environmental consciousness among the educated, urban middle class—who insist on clean air, clean water, and a clean landscape—may compel the Chinese government to act.

One foreign observer I spoke to noted that contemporary Chinese protests are “always environmental.” Recent events seem to support his point. Grist has reported on artist-activists who make pollution the central feature of their work. And in May, protests exploded after locals caught wind of imminent groundbreaking on a new garbage incinerator in Hangzhou, south of Shanghai. It is the latest example of what has become widespread opposition to burning waste.

Read more.

Chilean Dam Project Broken Up Thanks to Activists and Locals

Activism works, just ask the Chilean communities that stopped a hydroelectric dam from being built. The dam was going to cause a lot of local ecological havoc with little actual gain to the local populace. The Chilean government has backed down from building the dam and the communities that were to be affected are celebrating the decision. Chile is committed to supporting other forms of renewable energy that won’t cause such environmental damage.

The committee “decided to side with complaints presented by the community,” Environment Minister Pablo Badenier told reporters. “As of now, the hydroelectric project has been rejected.”

Opponents complained that the plan required 5,700 hectares (14,000 acres) of land to be submerged and would involve cutting through swathes of forests to build the dams along the Baker and Pascua rivers. Fears were also expressed that the project, which would have involved the relocation of some three dozen families, would destroy vital habitat for the endangered Southern Huemul deer.

Read more.

Support The Experimental Lakes Area

The Experimental Lakes Area has suffered greatly from the Canadian government’s anti-science funding policies and has luckily been saved by the International Institute for Sustainable Development. To ensure that further damage can’t come from the ideologically-driven and anti-environment Conservative Party the ELA has turned to crowd funding to survive.

Last year, The Walrus magazine had a great article on the ELA and how beneficial it is to science and the planet.

You might have heard that the International Institute for Sustainable Development (IISD) took it over the Experimental Lakes Area (ELA) on April 1st. We are reaching out to the public to help make people feel is it “theirs” (and reduce reliance on government funding so it can’t be closed again due to changes in departmental policy)

From their Indiegogo page:

The ELA features a collection of 58 small lakes, as well as a facility with accommodations and laboratories. Since its establishment in 1968, ELA has become one of the world’s most influential freshwater research facilities. In part, this is because of the globally unique ability at ELA to undertake whole-ecosystem experiments.

There is nowhere else in the world that has the same potential to conduct this type of research and make such a positive impact on our world’s freshwater supplies.

Support the campaign!

Build Your Own Wind Turbine

Off the gird living just got a little easier thanks to inventor Daniel Connell who has put instructions on how to build a wind turbine for $30 online. It’s not the most efficient and powerful generator out there but anybody with basic knowledge of drills can build it.

Creating something that can deliver a few hundred watts–enough to pump water, say–might not be that difficult. Daniel Connell, who’s drawn up a blueprint to show you how, swears that anyone who “can cut paper and hold a drill” can manage it.

“I’m hoping the animation is such that nothing needs to be left to the imagination of the person following the tutorial,” he says via email.

See Connell’s 52-step tutorial here and his animation below. It basically involves creating a template from paper, cutting aluminum into shapes, then bending and riveting the vanes to a bike wheel. The rest, as they say, is details.

Read more here.

Scroll To Top