The book and the movie The Big Short documented how a tiny number of investors recognized that sub-prime mortgages and derivatives were headed for a financial train wreck and made a fortune by selling them short. This happened at a time when these assets were the darling of the investment world and when the vast … Continue reading The Big Climate Short
For lots of years I made the trek to Albany to advocate on a number of important issues – Domestic Violence, Rape, Early Childhood Education, Community Schools. For the last year I’ve made Climate Change my priority. The cause I lobbied for on Tuesday was Divestment of Fossil Fuels, specifically from the NYS Pension Fund. … Continue reading I ♥ New York Advocacy Day in Albany with Divest NY
Most of us don't know much about what our investment dollars are doing. Retirement funds and mutual funds operate like opaque machines - you put money in and they spit money out. But, when you look closer, you'll find that funds have super powers that help them shape the nature of our society. 1. Power of Choice … Continue reading Discovering Your Fund’s SUPER POWERS
I grew up in a "co-op" called Valentine Gardens in South Yonkers (NY). This affordable housing complex featured simple ways to build community - like patios where the adults got some fresh air and chatted while the kids jumped rope, played hand-ball or traded baseball cards a few steps away. Down a steep staircase was … Continue reading The Cherry Bumps Are Coming!
When we first moved to Rockland County in 1969, we became satisfied customers of Empire Trust, whose main branch was in Middletown, NY. Who knew it had already merged with Bank of New York in 1966? It took years before the Bank of New York logo appeared on their buildings and our checks. Besides, in … Continue reading Change Your Banking Behavior: Move Your ASS-ets
Banking has been confusing to me for as long as I can remember. In elementary school, my classmates and I were brought to our auditorium. I had my little green bank book and dollar bill in hand. There were 6th graders helping the Yonkers Savings Bank staff record our deposits in our bank books. I … Continue reading Follow the Money but Beware Violent Fantasies
Shades of Green left its secret Word Press home on September 13th via a flurry of emails. The response has been amazing. Our blog appears to have some buoyancy! A BIG thank you to the folks who said “Let’s Do It!” And then walked the walk, despite a full plate of other things to do - … Continue reading Reflections Post Lift-Off
Since my visit to the Exxon Pavillon at Epcot in 1990, my negative feelings have not abated, despite Exxon's growing interest in alternative energy. I get a kick out of urging individuals to dump Exxon from their portfolios, and have lobbied NYS legislators to require the NYS Pension Fund to divest its 5 billion in … Continue reading Speaking Truth to Power