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Wolff

Wolff: Capitalism has hit the fan. What next?

UMass Professor Emeritus Rick Wolff has electrified audiences nationally with a lecture based on his new book, Capitalism Hits the Fan: The Global Economic Meltdown and What to do About It.  He recently spoke at UMass.Richard Wolff  At UMass: Capitalism Hits the Fan

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Boyce

Boyce advises California governor on arresting climate change

UMass Professor of Economics James K. Boyce will join an all-star panel to advise California on implementing cap-and-trade emissions program to reduce carbon emissions. Boyce has focused on combining equity and efficiency in climate-change policy.  Here’s the coverage from UMass In the Loop.

Boyce advising Calif. officials on cap-and-trade emissions program

James K. Boyce To Advise Governor Schwarzenegger
James K. Boyce To Advise Governor Schwarzenegger

Economics professor James K. Boyce has been appointed by California Gov. Arnold Schwarzenegger to a 16-member panel that will advise the state on implementing a cap-and-trade system to reduce greenhouse gases.

Three years ago, California adopted the Global Warming Solutions Act, aimed at cutting the state’s greenhouse gas emissions to 1990 levels by 2020. A key element of that plan is the creation of a cap-and-trade program that is part of a regional market involving other participants in the Western Climate Initiative.

A faculty member since 1983, Boyce directs the environment program at the Political Economy Research Institute. His current work focuses on strategies for combining poverty reduction with environmental protection, and on the relationship between economic policies and issues of war and peace. Boyce is the co-editor of “Reclaiming Nature: Environmental Justice and Ecological Restoration” (2007) and author of “The Political Economy of the Environment,” published in 2002.

Boyce and other members of the Economic and Allocation Advisory Committee will provide recommendations on the allocation of allowances and the use of their value. The economic, financial and policy experts will also evaluate the implications of different allowance allocation strategies. The committee is expected to submit a report to the California Air Resources Board by the end of the year.

“By designing a cap-and-trade program that will achieve our greenhouse gas reduction goals without impairing robust economic growth, California has the opportunity to provide a model for the rest of the country, and indeed the rest of the world,” said Schwarzenegger in his appointment letter to the committee. “The committee’s input will be critical to the design of such a program, so it is no exaggeration to say that the eyes of the world will be upon your work.”

The Economic and Allocation Advisory Committee is chaired by Larry Goulder, the Shuzo Nishihara Professor in Environmental and Resource Economics at Stanford University.June 24, 2009.

Economics professor James K. Boyce has been appointed by California Gov. Arnold Schwarzenegger to a 16-member panel that will advise the state on implementing a cap-and-trade system to reduce greenhouse gases.

Three years ago, California adopted the Global Warming Solutions Act, aimed at cutting the state’s greenhouse gas emissions to 1990 levels by 2020. A key element of that plan is the creation of a cap-and-trade program that is part of a regional market involving other participants in the Western Climate Initiative.

A faculty member since 1983, Boyce directs the environment program at the Political Economy Research Institute. His current work focuses on strategies for combining poverty reduction with environmental protection, and on the relationship between economic policies and issues of war and peace. Boyce is the co-editor of “Reclaiming Nature: Environmental Justice and Ecological Restoration” (2007) and author of “The Political Economy of the Environment,” published in 2002.

Boyce and other members of the Economic and Allocation Advisory Committee will provide recommendations on the allocation of allowances and the use of their value. The economic, financial and policy experts will also evaluate the implications of different allowance allocation strategies. The committee is expected to submit a report to the California Air Resources Board by the end of the year.

“By designing a cap-and-trade program that will achieve our greenhouse gas reduction goals without impairing robust economic growth, California has the opportunity to provide a model for the rest of the country, and indeed the rest of the world,” said Schwarzenegger in his appointment letter to the committee. “The committee’s input will be critical to the design of such a program, so it is no exaggeration to say that the eyes of the world will be upon your work.”

The Economic and Allocation Advisory Committee is chaired by Larry Goulder, the Shuzo Nishihara Professor in Environmental and Resource Economics at Stanford University.June 24, 2009.

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Badgett

Badgett testimony moves California

Econ Professor and CPPA Director Badgett is the leading social scientist of the economic lives of gay men and lesbians.  Her expert testimony played a key role in the California State Supreme Court decision allowing same-sex marriage.

Badgett Plays Role in Golden State Decision on Nuptials

Lee Badgett

Professor Lee Badgett (economics and public policy), director of the Center for Public Policy and Administration and an expert on the economic characteristics of same-sex couples, played a pivotal role in the California court’s decision to allow same-sex marriage. Not only did she serve as an expert witness in the case, she also co-authored an amicus brief in support of gay marriage that was used numerous times in the California Supreme Court chief justice’s oral arguments on the economic characteristics of same-sex couples.

“The amicus brief made the point that same-sex couples are similarly situated financially to other couples,” Badgett says. “When you compare same-sex couples with kids to different-sex married couples with kids, they look very similar in financial terms and in terms of having a stay-at-home parent. The court’s decision picked up on this general point, noting that same-sex couples with kids have the same need for access to marriage that different-sex couples with kids would have.”

California—the second state to overturn a ban on same-sex marriage—could capitalize on Massachusetts’ mistakes, according to Badgett. She says California could experience an interstate wedding industry boom if it welcomes same-sex couples from across the country. Badgett sees something similar to when San Francisco briefly allowed same-sex marriages.

“Four years ago, when same-sex couples were married in San Francisco, couples from 46 different states flew to San Francisco to get married,”‘ says Badgett. “California is now in a position to get a state economic boost for the exact same thing.”

Badgett thinks Massachusetts has overlooked a potentially viable economic opportunity by not recognizing many out-of-state couples seeking to marry here. The Bay State only permits gay marriages for residents and residents of states where gay marriage is also allowed. “Massachusetts could have had that boost from out-of-town couples, but now that we have laws stating that if they are married here, they won’t necessarily be recognized in their home states,” Badgett says. “Simply put, we’re not letting same-sex couples marry from out of state.”

After an initial wedding boom, Badgett says California will likely return to a state of normalcy. “My prediction is that, if everything comes according to plan, I think that things will get back to normal very quickly,” Badgett says. “In California, people will begin to realize that the sky will not fall and that there will be couples that are very ecstatic about this decision.”

Overall, Badgett says, Thursday’s ruling is an important milestone for same-sex marriage. “It’s another indication that the world is changing and that the world is recognizing the need for equality,” Badgett says. “The other important thing is that it shows that domestic partnership is not equivalent to marriage.”

May 19, 2008

Adapted from an article in the Daily Hampshire Gazette (Northampton) by Andrew Horton, staff writer, that appeared on 5/16/2008.