ApocaDocuments (4) matching "economic myopia" from this week
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Thu, Jul 21, 2011
from Post Carbon Institute:
The Peak Oil Crisis: Reality On Hold
As much of America bakes in some of the highest temperatures ever recorded and while Washington argues interminably over taxes, budget cuts and debt caps, one is struck by the unreality of it all. When the House of Representatives votes to preserve the incandescent light bulb for a while as a symbol of personal freedom, it is as if we have entered a wonderland where black is white, up is down and as a nation we have lost touch with reality....
At last count there were at least a dozen mega dangers looming on the horizon all of which have the potential to change the nature of global civilization in profound ways. Yet the body politic seems to take little or no notice and concerns itself largely with issues that will soon be swept away by change. These dangers range from the depletion of our fossil fuel and mineral resources, to shrinking food and water supplies, to rising oceans, to political upheavals....
so long as a lot of us believe that we can reestablish economic growth, and wait for the return of the climate to "normal" our politicians will try to satisfy or at least say they will try to satisfy these aspirations. Change will only come when enough people realize that a return to life-as-we-knew-it a few years back is no longer possible or is at least unlikely. Unfortunately most of our media starts with the assumption that our current woes are only temporary and if we only wait long enough economic growth will resume has it always has in living memory and climate change will not turn out to be so bad as alarmists fears.
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As long as we stay drunk, we won't have a hangover, right?
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Thu, Jul 21, 2011
from Reuters:
Ohio leads list of top 20 states with toxic air
People living in Ohio, Pennsylvania and Florida are most at risk in the United States from toxic emissions spewing from coal and oil-fired power plants, two leading American enviromental groups said in a report on Wednesday.
Electricity generation and chemical processing were the top culprits for dangerous emissions, which can lead to or worsen ailments such as asthma and cancer, according to the report by the Natural Resources Defense Council and Physicians for Social Responsibility... "Power plants are the biggest industrial toxic air polluters in our country, putting children and families at risk by dumping deadly and dangerous poisons into the air we breathe," said Dan Lashof, director of the climate center at the Natural Resources Defense Council...The findings underline the need for strong action by the Environmental Protection Agency to spur industry to clean up the emissions, Lashof said. ...
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Or, we can just consider this outrage as acceptable casualties.
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Wed, Jul 20, 2011
from Reuters:
USDA chief economist: Factoring in climate effects too 'cumbersome' to be considered
"They are very elaborate models," said USDA's chief economist Joseph Glauber, referring to climate-crop forecasting in an interview on Tuesday on the sidelines of a farm lending conference at the Kansas City Federal Reserve.
"Take into account all the fundamentals on crops and yields. You also have to build in all this climate variability and predictions about climate variability. The range of potential outcomes is pretty large," Glauber said.
"We just don't consider that in our 10-year baseline. We assume some trend growth, we really don't even look at variabilities. That's probably proper for a 10-year forecast horizon."
The USDA's crop reports, such as the monthly World Agricultural Supply and Demand Estimates (WASDE) and its 10-year baseline crop outlooks, are key benchmarks for the world food and farming industries, given the vast domestic and world data gathering the agency employs.
"To take our crop forecasting models -- they are what they are -- and try to marry in a lot of climate stuff, it's pretty cumbersome," Glauber said....
"Climate doesn't make a difference much over 10 years. There is a lot more variability now relative to say 10, 15 years ago. But the real changes we are talking about here start manifesting themselves over 30, 40, 50 years," Glauber said.
"World food needs will increase by 70 percent by 2050. By 2050, you can have climate issues," he added. ...
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Said the grasshopper to the ant: why work so hard? Winter is months away.
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Mon, Jul 18, 2011
from Paul Gilding:
Like a Grenade in a Glasshouse: The Great Disruption
It's going to hit hard and it's going to hurt - made worse because most aren't expecting it. They think the world is slowly returning to our modern "normal" - steadily increasing growth, with occasional annoying but manageable interruptions. After all, the global recession wasn't so bad was it? Sure there was pain and things got shaky but Governments responded, bailed out companies, stimulated economies, got things back on track....
But if the limits are solid, as is the case with our economic system hitting the limits of the planet - defined by unchangeable physical capacity and the laws of physics, chemistry and biology - then it can't find its way through. So eventually, when the pain of hitting the wall gets too much, it stops....
Then it will hit. Like a grenade in a glasshouse, shattering denial and delusion and leaving it like a pile of broken glass on the floor of the old economic model. Then we'll be ready for change. ...
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We're busy making money here. You expect us to pay attention to the future?
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