MLK Jr's Legacy for Economic Growth: Hot off the Griddle

Good afternoon, and welcome back to the Griddle, a menu of fortified items for the busy person's media diet. In November 1983, when President Ronald Reagan signed legislation making the third Monday in January Martin Luther King Day, he noted that “Dr. King had awakened something strong and true, a sense that true justice must be colorblind.” The same is true for good economics. UBS last June issued an intriguing research paper, titled “Does prejudice prejudice growth?” by economist Paul Donovan. He looked at World Economic Forum competitiveness data and set it against “tolerance indicators” -- data from the World Values Study Group. The study found that competitive economies have less bigotry: “For investors, we believe prejudice in an economy should be considered a sell signal."

And now the news:

Why Sustainability Counts for CFOs (GreenBiz)
IBM, GM, Coke Form Environmental Innovation Council (Environmental Leader)
The Top 10 Smart Cities on the Planet (Fast Company)
U.S. Clean Energy Leadership Is Misleadingly Strong: The Grid (Bloomberg)
More Chinese Live in Cities Than Rural Areas for First Time (Bloomberg)
Green Chemist: Q&A With EPA Science Advisor Anasatas (Scientific American)
China Report Spells out 'Grim' Climate Change Risks (Reuters)
Electricity Declines 50 Percent as Shale Spurs Gas Glut (Bloomberg)
India's Richest Delay Power Plants in Setback for Energy Poverty (Bloomberg)
David Attenborough Urges Business to Stop Population Expansion (BusinessGreen)
Shangri-La Hotels Take Shark Fin Soup off the Menu (Guardian)
Climate 101 -- Online and Free (NYTimes)

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