Dependence on fuel stokes bad economy, Gore says

The economic crisis is deeply interconnected with other crises facing the nation, former Vice President Al Gore told more than 2,000 people at the Citi Performing Arts Center Wang Theatre in Boston last night.
MAR 31, 2009
By  Sue Asci
The economic crisis is deeply interconnected with other crises facing the nation, former Vice President Al Gore told more than 2,000 people at the Citi Performing Arts Center Wang Theatre in Boston last night. “Our security crisis, economic crisis and our climate crisis are all connected,” he said. “The common thread is this ridiculous and absurd overdependence on carbon-based fuel. The solutions to the climate crisis are the same things we ought to be doing to solve the economic crisis and the security crisis.” Mr. Gore asked the audience to work to end America’s dependence on oil and to take action to reduce carbon dioxide emissions, which are widely believed to be a cause of global warming. The creation of “green” jobs could goose the flagging employment statistics, he said. Mr. Gore, a Nobel Peace Prize winner and author of “Earth in the Balance: Ecology and the Human Spirit” (Phoenix Books Inc., 2007) and “An Inconvenient Truth: The Crisis of Global Warming” (Penguin Group USA, 2007) spoke as part of the theater’s “Minds That Move the World” series. Beyond job creation, government needs to reform regulation as it addresses the financial crisis, he said. “Ninety-nine percent [of the problem] is the failure of the regulators, who are supposed to be ensuring responsibility on the part of these institutions.” Interim regulations on financial products are needed, he said. “The credit markets are still in disarray,” Mr. Gore said. “We need to fix this credit crisis.” He also said global financial regulations are needed. The speaker series is sponsored by the Citi Performing Arts Center of Boston and Madison Square Garden Entertainment of New York.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.