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We need to talk about your old basement TV

We need to talk about your old basement TV

By on 9 Feb 2015commentsShare

In the latest episode of “So You Think You’re Doing a Good Thing?” we discuss what to do with outdated yet still perfectly useful electronics. Spoiler: You’re going to feel guilty no matter what because that’s what it means to be environmentally conscious in a consumerist society.

The good news is our electronics have become more energy-efficient over time thanks to things like Energy Star standards. The bad news is our feel-good energy-efficient purchases are meaningless because we’re a bunch of packrats who keep old devices instead of actually replacing them.

At least that’s the takeaway from a new study out of the Rochester Institute of Technology on the purchasing habits and use of electronics in the average U.S. household between 1992 and 2007.

To set the stage, let’s recall what technology looked like during those 15 years. In 1992, we had desktop computers, box-set TVs, early cellphones and laptops. By 1997, we had digital cameras and camcorders. By 2002, we had MP3 players, smartphones, DVD players, and LCD TVs, and by 2007, we had tablets, e-readers, and plasma TVs.

(Requisite pause for nostalgia basking.)

OK. That’s enough.

In their study, published in Environmental Science & Technology, the Rochester crew compared a household’s collection of devices, or “product community,” to a community of organisms. Like organisms, our devices stick around for a certain period of time, consuming resources (electricity, fuel, plastic, glass, metal, etc.) and excreting waste (e-waste).

What the team found was that while individual devices in these communities consumed less energy over time, the communities themselves kept growing and consequently guzzling more and more energy. The average household had 13 devices in 2007, compared to only four in 1992, the reported.

“There are a lot of products in U.S. households that do the same thing, but we still own 20 of them,” Callie Babbitt, one of the study’s researchers, told Science.

Babbitt and her co-authors found that in 2007, the average U.S. household had three box-set television sets and a total “product community” with an energy impact equal to 30 percent of the annual fuel consumption of the average 2007 passenger vehicle.

They also found that over those 15 years, box-set TV and desktop computer use grew by 20 and 100 percent, respectively, so not only were we accumulating devices, but we were also using them more often.

Apparently, the evolution of technology isn’t quite as ruthless as the evolution of living organisms. The rise of plasma TVs, for example, didn’t drive the old box-sets to extinction, but rather into basements and bedrooms. It might feel wasteful to get rid of a perfectly good TV, but perhaps it’s better to donate or recycle it than to keep it around as a secondary set. See? I told you you’d feel bad no matter what.

Fortunately, the researchers do see a glimmer of hope in post-2007 technology. New multi-purpose devices like tablets and laptops that also act as TVs and MP3s could be the “invasive species” that totally wrecks current device ecosystems, they say, and in this environment, that would be a good thing.

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We need to talk about your old basement TV

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Elizabeth Warren: Wall Street Just Got Another Giveaway

Mother Jones

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Last week, Congress did Wall Street a solid. When lawmakers passed a giant spending bill that funds the government through September, they included a provision written by Citigroup lobbyists that allows banks to make more risky trades with taxpayer-insured money. Then, on Thursday, bankers got another giveaway: The Federal Reserve announced it would delay for up to two years implementation of a crucial section of the Volcker rule—one of the most important regulations to come out of the 2010 Dodd-Frank financial reform bill. The rule generally forbids the high-risk trading by commercial banks that helped cause the financial crisis. The move by the Fed pushes the deadline for banks to comply past the next presidential election and gives Wall Street lobbyists more time to weaken it.

“Less than a week after Wall Street slipped a bailout provision written by Citigroup into the government spending bill, the Fed has given the big banks another victory,” Sen. Elizabeth Warren (D-Mass.) said in a statement Friday.

“It’s really hard to see an excuse for this,” says Marcus Stanley, the financial policy director at Americans for Financial Reform, an advocacy group.

The Volcker rule ensures that financial institutions don’t engage in something called proprietary trading, which is when a bank trades for its own benefit as opposed to for the benefit of its customers. Banks were supposed to comply with the Volcker rule by July 21, 2014. Last year, when banking watchdogs finalized the rule, the Fed granted banks a year-long extension. The Fed’s Thursday announcement gives banks another year to get rid of certain investments—including those in private equity firms and hedge funds. The central bank also noted Thursday that it plans to push out the deadline again next year, by another 12 months. That brings the new compliance deadline to July 2017, far past the 2016 election. If the new president is a Republican, he could fill his administration with Wall Street insiders opposed to the rule, making it even easier for lobbyists to gut it.

Before the Volcker rule was finalized last year, the financial industry fought like mad to weaken it. The regulation could slash the total annual profits of the eight largest US banks by up to $10 billion, according to an estimate by Standard & Poor’s. Banking reform advocates were fairly happy with way the final reg turned out. But now the financial industry has extra time to take a few more whacks at rule before banks actually have to obey it. “Wall Street’s loophole lawyers and other hired guns will… continue to hit at the rule as if it were a piñata,” Dennis Kelleher, the president of the financial reform advocacy group Better Markets, said when regulators completed the rule in 2013.

The Dodd-Frank law already contains a provision allowing banks that will have difficulty getting rid of particular investments before the initial compliance deadline to request an extension from banking regulators. The Fed’s announcement yesterday amounts to an unnecessary “blanket” extension, Stanley says. “It’s hogwash.”

Continued here – 

Elizabeth Warren: Wall Street Just Got Another Giveaway

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