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Judith Brasse

Grandson donates L.L. Bean's old hunting island for conservation, public access - Portl... - 0 views

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    The article is a special example of a common good, as it gives us an example of a private property that is now going to be opened to the public. Lisa and Leon Gorman, the prior owners of Lane, an island near the mouth of the royal river in Yarmouth, have donated their private property to the Main Coast Heritage Trust. The Island formerly being a private hunting territory shall now become accessible to the public. It has been recognized as an "ecologically significant site" and shall now become part of Royal River which is being restored and protected. A long-term management plan is being developed, which includes the economic vitality as well as the significance of ecological protection of the Island and its surroundings. Although in a slightly different scenario, this article could give us an example of Elenor Ostroms theory of effectively sustaining resources through a self-motivated community.
Ganesh Sivamani

Tax exemption for public access to treasured artworks is 'a racket' | Art and design | ... - 1 views

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    This article talks about how owners of rare artworks are exempt from paying inheritance taxes as long as they allow viewing access to the public. This is somewhat an inverse of the tragedy of the commons where instead of restricting the usage of the "commons", the government encourages allowing more access to the commons. The main reason for this would be because artworks have cultural significance.
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    Interesting how artworks have been worth so much money and are a private good by ownership, but still are available to the public.Take any museum, its artworks are all privately owned, but have been determined to be part of our culture that cannot remained unseen. It must be public for reasons of conservation.
Anna Selzer

Environmental law in Brazil: Compromise or deadlock? | The Economist - 1 views

  • requires owners to keep native vegetation on parts of their land
  • But it was long ignored.
  • landowners who had violated the code before July 2008 would be regarded as in compliance.
  • ...3 more annotations...
  • to halt deforestation in the Amazon while freeing farmers elsewhere to carry out their business.
  • Holdouts will be denied bank loans and face prosecution.
  • They also wanted direct payments for those who conserved water or protected biodiversity. But these provisions to promote sustainable farming were stripped out by the lower house.
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    Trying to protect Brazils forests is a difficulty. Logging cannot be stopped due to common access to the amazon. Farmers make use of the forests until they maximize their utility, causing negative externalities. River banks are ednagered by erosion and wildlife loses its inhabitat. The new Laws by the government are not good enough to prevent logging and support sustainability.
Lydia Jing

China's Gold Demand Seen Rising by at Least Economic Growth - 0 views

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    Demand for gold is rising in China because more middle class families are trying to invest their money, and gold is practical for conserving wealth.
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