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Fair Trade pays $1.55 per lb. for Antonio's organic coffee, almost 10% more than the market price. But Antonio is left with only 50?? per lb. after paying Fair Trade cooperative fees, government taxes and farming expenses. By year's end, he says, from the few thousand pounds he grows, he'll pocket about $1,000 - around half the meager minimum wage in Guatemala - or $2.75 a day, not enough for Starbucks' cheapest latte. The same holds true for other Guatemalan growers, like Mateo Reynoso, also from Quetzaltenango. Without Fair Trade, he says, "we wouldn't be growing coffee...
...concern is legitimate, says Jordan, who notes that the government had another compelling reason to revisit the contract: surging rubber prices that rose from 50?? per kg in 2000 to $1.20 per kg in 2005 and to $3.30 per kg last summer. Firestone objected to renegotiations but ultimately relented. "You always talk if the government wants to talk to you," says Padmore...
Getting Americans to switch from paying 50?? for a lightbulb to $50 won't be easy. But such shifts have happened before. Electric toothbrush, anyone...
...stick to cutbacks on discretionary spending, it's important to do it in a way that puts you in the right frame of mind. For every dollar you cut out, you could put 50?? in the bank and 50?? toward buying something fun--so being thrifty morphs from denying yourself what you want into anticipating what you're going to buy. When you do buy things, use cash. Handing bills over the counter underscores what you're spending in a way that swiping a piece of plastic never will...
...business as usual in Abu Dhabi is extremely carbon-intensive. Gasoline costs less than 50?? a gal. (13¢ per L), and public transport is all but nonexistent. The World Wildlife Fund says the U.A.E. has the biggest per capita carbon footprint in the world, and parched Abu Dhabi uses more water per person than anywhere else. There are no plans to put a price on carbon, as even the U.S. is considering. Lehmann and others would prefer to see Masdar spend its billions greening Abu Dhabi itself, not building an entirely new settlement in vacant desert. "We have to have...