Author Topic: WE'RE STUFFED!!!  (Read 31079 times)

erik

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Re: WE'RE STUFFED!!!
« Reply #930 on: February 03, 2009, 05:17:19 AM »
Quote
Parched: Australia faces collapse as climate change kicks in

Geoffrey Lean and Kathy Marks report on the worst heatwave in the country's history

http://www.independent.co.uk/news/world/australasia/parched-australia-faces-collapse-as-climate-change-kicks-in-1522529.html

Sunday, 1 February 2009

Leaves are falling off trees in the height of summer, railway tracks are buckling, and people are retiring to their beds with deep-frozen hot-water bottles, as much of Australia swelters in its worst-ever heatwave.

On Friday, Melbourne thermometers topped 43C (109.4F) on a third successive day for the first time on record, while even normally mild Tasmania suffered its second-hottest day in a row, as temperatures reached 42.2C. Two days before, Adelaide hit a staggering 45.6C. After a weekend respite, more records are expected to be broken this week.

Ministers are blaming the heat – which follows a record drought – on global warming. Experts worry that Australia, which emits more carbon dioxide per head than any nation on earth, may also be the first to implode under the impact of climate change.

At times last week it seemed as if that was happening already. Chaos ruled in Melbourne on Friday after an electricity substation exploded, shutting down the city's entire train service, trapping people in lifts, and blocking roads as traffic lights failed. Half a million homes and businesses were blacked out, and patients were turned away from hospitals.

More than 20 people have died from the heat, mainly in Adelaide. Trees in Melbourne's parks are dropping leaves to survive, and residents at one of the city's nursing homes have started putting their clothes in the freezer.

"All of this is consistent with climate change, and with what scientists told us would happen," said climate change minister Penny Wong.

Australia, the driest inhabited continent on earth, is regarded as highly vulnerable. A study by the country's blue-chip Commonwealth Scientific and Industrial Research Organisation identified its ecosystems as "potentially the most fragile" on earth in the face of the threat.

Many factors put Australia especially at risk. Its climate is already hot, dry and variable. Its vulnerable agriculture plays an unusually important part in the economy. And most people and industry are concentrated on the coast, making it vulnerable to the rising seas and ferocious storms that come with a warmer world.

Most of the south of the country is gripped by unprecedented 12-year drought. The Australian Alps have had their driest three years ever, and the water from the vast Murray-Darling river system now fails to reach the sea 40 per cent of the time. Harvests have fallen sharply.

It will get worse as global warming increases. Even modest temperature rises, now seen as unavoidable, are expected to increase drought by 70 per cent in New South Wales, cut Melbourne's water supplies by more than a third, and dry up the Murray-Darling system by another 25 per cent.

As Professor David Karoly, of the University of Melbourne, said last week: "The heat is unusual, but it will become much more like the normal experience in 10 to 20 years."



Offline TIOTIT

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Re: WE'RE STUFFED!!!
« Reply #933 on: February 03, 2009, 12:26:02 PM »

(AFP) – Snow storms brought travel chaos to western Europe on Monday closing London-Heathrow airport after one jet slid off a taxiway and at least five people were killed in storm incidents.

Two climbers died on Mount Snowdown in Wales and three people were killed in accidents and from the cold in Italy.

London lay under 10 centimetres (four inches) of snow, the most recorded in the British capital in 18 years. The storms also hit France and Spain, closing roads and rail tracks, and spread as far south as Morocco.

A Cyprus Airways plane with 104 passengers came off the icy taxiway at Heathrow, the world's busiest international airport.

"The plane had safely landed and was making its way to the stand and the front wheel went on to the grass area," a spokeswoman for airport operator BAA said. No injuries were reported.

Both runways were closed, however, and Heathrow halted all flights until at least 5:00 pm (1700 GMT).

British Airways called off all short-haul flights for Monday. A number of other British airports were closed or had cancellations and severe delays.

Eurostar advised passengers against travelling between London and Paris on high-speed trains because of snow delays.

British regional trains were badly hit and London underground and bus services came to a near standstill.

Thousands of schools closed around the country and an army of snow ploughs and gritters worked to clear roads.

The British Highways Agency advised against all but essential travel but there was still a 54 mile (87 kilometre) tailback on the M25 orbital road north of London, reports said.

"It's absolute madness going in to work, but at least I can say I tried," said Bree McWilliam, an Australian policy analyst who experienced her first ever snowfall as she struggled into work.

Three people were killed by the cold and torrential rainstorms in Italy. One man died from the cold in the northern town of Lecco, another was killed in Sicily when his car was swept away by a river.

About 500 people were evacuated from their homes in Cosenza in the southern region of Calabria, while snow also forced the cancellation of about 20 flights from Rome and Milan.

Air France cancelled about 30 flights from Paris-Charles de Gaulle airport and other flights were delayed. One runway was closed at Paris-Orly causing big delays.

Some French high-speed trains were cancelled and those that did run were ordered to slow. France's roads agency also urged motorists to cancel non-essential journeys, with some roads impassable around Paris and in the east around Strasbourg where dozens of accidents were reported.

Up to 20 centimetres of snow also fell in parts of Switzerland while part of the road around the San Bernardino tunnel was closed.

In Belgium, about 400 kilometres (250 miles) of traffic jams were reported during the morning rush hour around Brussels and other main cities.

Snowfalls snarled traffic in several parts of Spain including the Madrid area where two highways were temporarily closed, the National Travel Administration Department (DGT) reported.

A storm packing winds of more than 100 kilometres (60 miles) an hour injured about a dozen people in southern Spain, emergency services said.

Most of the injuries were cuts and bruises from flying debris as the storm knocked down tree branches and advertising billboards and tore off parts of roofs, a spokeswoman said.

In the Mediterranean port of Malaga, winds ripped off part of the roof from the city's main bus station. Four people were injured, including one in a serious condition.

At Estepona, near Marbella, the storm knocked down a circus tent during a performance Sunday night, slightly injuring five members of the public.

In Ireland, snow caused hazardous driving conditions and flights to Britain were disrupted. Ireland's Meteorological Office warned of "heavy snowfall" expected later Monday.

Offline TIOTIT

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Re: WE'RE STUFFED!!!
« Reply #934 on: February 04, 2009, 10:37:18 AM »
I think this article is a good overview of the
way in which the establishment or anyone
with a political or economic agenda can use a
campaign of questionable scenarios and information
(there have been many in the last decade) to shape the
perception of the masses in such a way that they
may be more effectively brought into line with the
vision that the big movers and shakers have for humanity.

http://scienceandpublicpolicy.org/monckton/goreerrors.html

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #935 on: February 04, 2009, 11:48:36 AM »

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #936 on: February 04, 2009, 12:16:52 PM »
plot thickens:

Climate Change Myths

Scientists' Report Documents ExxonMobil’s Tobacco-like Disinformation Campaign on Global Warming Science
Scientists' Report Documents ExxonMobil’s Tobacco-like Disinformation Campaign on Global Warming Science

erik

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Re: WE'RE STUFFED!!!
« Reply #937 on: February 18, 2009, 01:27:50 AM »
It's amazing how strong a grip economy has on world!

Quote
Poor Brazilians rejoice as loggers return to pillage the rainforest

Twelve months ago, troops and police drove illegal loggers out of the Amazon in an effort to halt deforestation. A year later, the sawmills are starting to reopen - and unemployed locals couldn't be happier. Tom Phillips reports from Tailândia

    * Tom Phillips
    * The Observer, Sunday 15 February 2009
    * Article history

http://www.guardian.co.uk/environment/2009/feb/15/amazon-deforestation-brazil

Deep in the heart of the Amazon, the loggers are back. Last week, as darkness and a blizzard of insects descended on the remote town of Tailândia, hundreds of evangelicals crowded into a Pentecostal church on its main thoroughfare. Outside, battered Mercedes lorries rattled through the shadows, packed with thick tree trunks and kicking red dust up into the evening air. Inside, the congregation took to its feet and gave thanks for the return of a modest prosperity.

Exactly one year ago, in February 2008, Tailândia became the first Amazonian town to be targeted as part of Operation Arc of Fire - an unprecedented government clampdown on illegal logging launched after satellite images indicated an alarming rise in deforestation. Troops swept into this notorious logging outpost, closing down the sawmills and facing down the local people.

Hundreds of heavily armed police agents took to the streets alongside environmental agents who fined sawmill owners. The idea, officials said, was to "send a message" to illegal loggers: the illicit destruction of the world's largest tropical rainforest would no longer be tolerated.

Twelve months on, the clampdown is a distant memory. "The city is growing, the commerce is growing," said Wilson Pereira, the Pentecostal pastor. "The sawmills have started up again [and] the people have gone back to work."

The consequences of the logging are well known. Environmentalists estimate that nearly 20% of the Brazilian Amazon has been destroyed. Deforestation accounts for almost 20% of the world's annual carbon emissions and activists say that Brazil is responsible for about 40% of that.

But when an industry supplies a region's economic lifeblood, shutting it down is not so simple. Last year's crackdown triggered chaos in the dusty frontier town of almost 65,000 residents where officials claim that between 70% and 95% of local residents are dependent on logging income.

More than 2,000 protesters took to Tailândia's streets, blocking its main avenue with burning tyres and tree trunks. Environmental agents fled, returning only when heavily armed police had quelled the rioters with a hail of rubber bullets and tear gas. "Not even in the slums of Rio and São Paulo do they have operations that size," Edson Azevedo, the town's deputy mayor, complained. "Not even the narco-traffickers have faced what happened here in Tailândia."

In a town that claims Brazil's fifth highest murder rate, the prospect of active social strife was real.

Many locals are still bitter. "There is nothing here for me, nothing," said Fernando da Conceição, 57, a former sawmill worker from north-eastern Brazil, who has been reduced to begging in the town's bars and restaurants since losing his job following Operation Arc of Fire.

But a year on things are slowly returning to normal. The Federal Police and the National Security Force have gone and the loggers are gradually starting up again, breathing at least some of the old life back into the area's economy.

Azevedo claimed that many loggers had headed to other, more remote parts of the Amazon. But, off the record, locals say most of them are simply reopening their operations in Tailândia.

The signs that illegal logging has returned are everywhere. Tractors can be seen dragging newly felled trees around sawmills, and when night falls the growl of lorry engines fills the air, as lumber and loads of charcoal are transported through town on their way to mills or river barges farther north.

After last February's raid many hoteliers feared they would go bust but several are now expanding. And at the Universal Church of the Kingdom of God the pews are filled with relieved worshippers. "There was this crisis," said pastor Pereira, who witnessed the social problems caused by the government raid at first hand on his evangelical visits to poverty-stricken members of his congregation. "But after that ... some [of the sawmills] have opened up again and the people have been able to go back to work."

Government officials concede that many illegal charcoal factories and some sawmills have reopened. Walmir Ortega, environment secretary in the Amazonian state of Pará where Tailândia is located, said there had been "a considerable improvement" in the region but admitted "many of the aspects that we confronted last year are still there".

"We are a long way from reaching a final solution [to rainforest destruction]," said Ortega, whose house was put under police protection after the raid in Tailândia. "We are talking about a state that you could fit several United Kingdoms inside. It is a gigantic territory, with huge access problems. There are regions that are 1,000, 1,500km away from [state capital] Belém."

In an interview with the Observer last week, Brazil's environment minister, Carlos Minc, insisted operations such as Arc of Fire were bearing fruit. In the eight months since he took office, Minc said, deforestation had fallen by 40% as a result of constant operations and other government measures intended to encourage "sustainable" forestry projects. But Minc, who has accompanied 14 anti-deforestation operations, admitted that police operations alone would not solve the problem. "We need more people, more operations and more economic alternatives," he said. "I need at least another 1,000 federal police agents in the Amazon, at least another 1,500 environmental inspectors."

There are only 107 environmental agents in Pará, Brazil's second largest state, which covers more than 1.2m square kilometres. "I have 300 environmental agents to take care of the Amazon. The Amazon is the size of Europe. This really is ridiculous," Minc said.

According to Minc, the Brazilian government is studying a number of new measures aimed at reducing deforestation by 70% by 2017. There is talk of a new "war council" charged with dealing with deforestation. The council, which will involve monthly meetings between ministers and the head of the Federal Police, will be officially created by the president, Luiz Inácio 'Lula' da Silva, in the coming weeks, Minc said. However, he also said he was disturbed by rumours that his ministry's budget could be cut by 75%, partly as a result of the global financial slump.

On the streets of Tailândia, environmental objectives come a poor second to the desire to earn a decent living. "I went to the sawmill I used to work at today and he [the boss] said there was no work. [The environmental agency] Ibama closed him down," said Conceição, the former sawmill worker.

The only reason he would not leave Tailândia for good was because his former boss was, like others in the region, planning to reopen in coming weeks now that the government forces are fighting deforestation elsewhere. "He said I should come back in one month."

tangerine dream

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Re: WE'RE STUFFED!!!
« Reply #938 on: February 18, 2009, 11:38:07 PM »
Lost Generation

<span data-s9e-mediaembed="youtube" style="display:inline-block;width:100%;max-width:640px"><span style="display:block;overflow:hidden;position:relative;padding-bottom:56.25%"><iframe allowfullscreen="" loading="lazy" scrolling="no" style="background:url(https://i.ytimg.com/vi/42E2fAWM6rA/hqdefault.jpg) 50% 50% / cover;border:0;height:100%;left:0;position:absolute;width:100%" src="https://www.youtube.com/embed/42E2fAWM6rA"></iframe></span></span><br /><a href="http://www.youtube.com/v/42E2fAWM6rA&amp;hl=en&amp;fs=1" target="_blank" rel="noopener noreferrer" class="bbc_link bbc_flash_disabled new_win">http://www.youtube.com/v/42E2fAWM6rA&amp;hl=en&amp;fs=1</a>

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #939 on: February 19, 2009, 11:05:16 AM »

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #940 on: February 19, 2009, 11:08:29 AM »
Lost Generation


neat -
I think this is called optimism that springs from pessimism,
because there is no where else to go.

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #941 on: February 20, 2009, 11:28:07 PM »
Pankaj Mishra is Julie's favourite author.
I just read this from him in the Guardian - I have often pondered on the failure of Democracy, so it is interesting to hear these thoughts from Pankaj Mishra. To often we blame the leaders, forgetting they have a huge groundswell of support from the people.

Quote
Behind the violence in Gujarat, Gaza and Iraq is the banality of democracy

The moral deviancy of our elite no longer shocks. What is dispiriting is its tacit endorsement by electoral majorities.

          o Pankaj Mishra
          o The Guardian, Wednesday 11 February 2009

In his memoir, Secrets, Daniel Ellsberg describes how he decided to risk years in prison by leaking the Pentagon Papers, the top-secret record of American decision-making on Vietnam, to the New York Times. Hoping that his wife, Patricia, would help him make up his mind, Ellsberg showed her a few memos on bombing strategies crafted by his former superiors at the Pentagon. She was horrified by some of the phrases in the documents: "a need to reach the threshold of pain"; "salami-slice bombing campaign"; "the objective of persuading the enemy"; "ratchet"; "one more turn of the screw". "This is the language of torturers," she told Ellsberg. "These have to be exposed."

I recalled this scene while reading about Israel's objectives in its assault on Gaza, as defined by the country's political and military leaders and its western supporters. Speaking to a delegation from the Israeli lobby Aipac, President Shimon Peres confirmed that "Israel's aim was to provide a strong blow to the people of Gaza so that they would lose their appetite for shooting at Israel". Writing in the New York Times, Thomas Friedman, who had previously explained that the US invasion of Iraq was meant to say "suck on this" to the Muslim world, agreed that "the only long-term source of deterrence is to exact enough pain on the civilians".

Perhaps it is no longer shocking that elected leaders and mainstream journalists in democracies seem to borrow their tone and vocabulary from Ayman al-Zawahiri and Hassan Nasrallah - after all, the war on terror, now officially declared a "mistake", unhinged some of our best writers and thinkers. What is more bewildering and dispiriting than the moral deviancy of our political elites is its tacit endorsement by large democratic majorities.

Democracy, loudly upheld as a cure for much of the ailing world, has proved no guarantor of political wisdom, even if it remains the least bad form of government. In 2006 the Palestinians voted for Hamas, whose doctrinal commitment to the destruction of Israel makes peace in the Middle East even less likely. Given the chance, majorities in many Muslim countries would elect similarly intransigent Islamist parties to high office.

But majority opinion in older and presumably more mature democracies often doesn't seem much more sensible: the violence approved by it makes much of the devastation caused by terrorists and dictators seem minor by comparison. Initially, at least, Americans overwhelmingly supported George Bush's catastrophic forays in the Middle East. Operation Cast Lead was blessed by a remarkably high proportion of Israelis, who since 1977 have freely elected a series of leaders - Menachem Begin, Yitzhak Shamir, Ariel Sharon - tainted by involvement in terrorist groups and war crimes, and appear ready to extend their imprimatur to the obstreperously racist Avigdor Lieberman.

When last week in Ha'aretz the Israeli historian Tom Segev judged Israeli "apathy" towards the massacre in Gaza as "chilling and shameful", he brought on deja vu among Indians. In 2002 the Hindu nationalist government of Gujarat supervised the killing of more than two thousand Muslims. The state's chief minister, Narendra Modi, who green-lighted the mass murder, seemed a monstrous figure to many Indians; they then watched aghast as the citizens of Gujarat - better-educated and more prosperous than most Indians - re-elected Modi by a landslide after the pogrom. In 2007, a few months after the magazine Tehelka taped Hindu nationalists in Gujarat boasting how they raped and dismembered Muslims, Modi again won elections with contemptuous ease. Though prohibited from entering the US, Modi is now courted by corporate groups, including Tata, and frequently hailed as India's next prime minister.

As the Israeli right looks likely to be the latest electoral beneficiary of state terror, it is time to ask: can the institutions of electoral democracy, liberal capitalism and the nation-state be relied upon to do our moral thinking for us? "Trust in the majority," they seem to say, but more often than not the majority proves itself incapable of even common sense.

It is true that thoughtlessness and apathy rather than malicious intent on the part of majorities helps their representatives to perpetrate or cover up such atrocities as Gujarat, the blockade of Gaza, or the occupation of Kashmir - forms of violence less obvious or written about than 9/11, Saddam Hussein's regime, and the recent terrorist attacks on Mumbai. But this doesn't make thoughtlessness and apathy less destructive in actuality than the malevolence of despots and terrorists.

Hannah Arendt's phrase "banality of evil" refers precisely to how a generalised moral numbness among educated, even cultured, people makes them commit or passively condone acts of extreme violence. Arendt marvelled at "the phenomenon of evil deeds, committed on a gigantic scale, which could not be traced to any particularity of wickedness, pathology or ideological conviction in the doer, whose only personal distinction was a perhaps extraordinary shallowness".

Shallowness and ignorance have been our lot in the mass consumer societies we inhabit, where we were too distracted to act politically, apart from periodically deputing political elites to take life-and-death decisions on our behalf. We were shielded from many of the deleterious consequences, which worked themselves out on obscure people in remote lands. The free world's economic implosion is bringing home the intolerable cost of this collective deference to apparently efficient elites and anonymous, overcomplex institutions.

It is too easy to blame Bush, who told Americans to go spend and consume while he ratcheted up pain levels in Iraq and Afghanistan, or the grotesquely overrated technocrats running banks and businesses. As the New York Times columnist Frank Rich reminded Americans last week: "We spent a decade feasting on easy money, don't-pay-as-you-go consumerism and a metastasizing celebrity culture. We did so while a supposedly cost-free, off-the-books war, usually out of sight and out of mind, helped break the bank along with our nation's spirit and reputation."

The prosperity many democracies enjoyed lulled citizens into political torpor. The prospect of economic collapse has persuaded a majority of Americans to exercise more individual judgment than they showed while re-electing Bush in 2004. But collective failures of the kind Barack Obama spoke of in his stern inaugural speech will continue to occur among citizens of other democracies - and they will have no Obama to exhort them to personal responsibility.

In any case, economic disasters or foolish wars are hardly guaranteed to bring about large-scale individual self-examination or renew the appeal of truly participatory democracy. They are more likely to make authoritarianism attractive, as European democracies in the 1930s and Russia in recent times demonstrated. Many Indians and Israelis seem set to elect, with untroubled consciences, those who speak the language of torturers and terrorists. More disturbingly, these corrupted democracies may increasingly prove the norm rather than the exception.

• Pankaj Mishra is author of Temptations of the West: How to Be Modern in India, Pakistan, Afghanistan and Tibet

erik

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Re: WE'RE STUFFED!!!
« Reply #942 on: February 20, 2009, 11:55:32 PM »
Electoral majorities and their choices...

It is one of the main arguments of Al-Qaeda ideologists for propagating indiscriminate use of violence. They say that in democracies the actions of governments express the wishes of voters. Thus voters are inseparable part any aggression undertaken by the government. Thus - everybody in a democratic society is a combatant and, thereby, a legitimate target.

erik

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Re: WE'RE STUFFED!!!
« Reply #943 on: February 23, 2009, 06:55:24 PM »
So...to ask Chinese to cut their emissions would mean less consumer goods for the West?

Quote
West blamed for rapid increase in China's CO2

http://www.guardian.co.uk/environment/2009/feb/23/china-co2-emissions-climate

• Consumer exports behind 15% of emissions - study
• Campaigners suggest new criteria for climate deal

    * Duncan Clark
    * The Guardian, Monday 23 February 2009
    * Article history

The full extent of the west's responsibility for Chinese emissions of greenhouse gases has been revealed by a new study. The report shows that half of the recent rise in China's carbon dioxide pollution is caused by the manufacturing of goods for other countries - particularly developed nations such as the UK.

Last year, China officially overtook the US as the world's biggest CO2 emitter. But the new research shows that about a third of all Chinese carbon emissions are the result of producing goods for export.

The research, due to be published in the scientific journal Geophysical Research Letters, underlines "offshored emissions" as a key unresolved issue in the run up to this year's crucial Copenhagen summit, at which world leaders will attempt to thrash out a deal to replace the Kyoto protocol.

Developing countries are under pressure to commit to binding emissions cuts in Copenhagen. But China is resistant, partly because it does not accept responsibility for the emissions involved in producing goods for foreign markets.

Under Kyoto, emissions are allocated to the country where they are produced. By these rules, the UK can claim to have reduced emissions by about 18% since 1990 - more than sufficient to meet its Kyoto target.

But research published last year by the Stockholm Environment Institute (SEI) suggests that, once imports, exports and international transport are accounted for, the real change for the UK has been a rise in emissions of more than 20%.

China, as the world's biggest export manufacturer, is key to explaining this kind of discrepancy. According to Glen Peters, one of the authors of the new report at Oslo's Centre for International Climate and Environmental Research, about 9% of total Chinese emissions are the result of manufacturing goods for the US, and 6% are from producing goods for Europe.

Academics and campaigners increasingly say responsibility for these emissions lies with the consumer countries.

Dieter Helm, professor of economics at Oxford University, said "focusing on consumption rather than production of emissions is the only intellectually and ethically sound solution". "We've simply outsourced our production," he added."

By contrast, the Department for Energy and Climate Change (Decc), argues that these "embedded emissions" in Chinese-produced goods are not the UK's."The UK calculates and reports its emissions according to the internationally agreed criteria set out by the UN," it says.

However, the Decc admitted to the Guardian that "the footprint associated with the UK's consumption has risen".

Even if world leaders did agree a deal based on consumption rather than production of CO2, it is unclear how national figures would be calculated.

Jonathon Porritt, head of the Sustainable Development Commission, said: "Ultimately, the only place to register emissions is in the country of origin - in this case, China. Otherwise, the whole global accounting system for greenhouse gases will be undermined by the complexity of double-accounting."

The difficulty of measuring exported emissions is reflected in the fact that the new research focuses on the years 2002 to 2005. Relevant trade data is not yet available for subsequent years.

However, Dieter Helm believes these challenges can be overcome with political will. "It's complicated but there are ways of taking consumption into account, such as a border tax on carbon transfer," he said.

Offline Michael

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Re: WE'RE STUFFED!!!
« Reply #944 on: March 01, 2009, 11:45:39 AM »
My latest summary:

We are now in the position of massive government stimulus packages across the globe.

These are the old way (well, as old as the 1930's depression and that prig Maynard Keynes) to put the kick back into the ticker of the nation's economy. And by all accounts that is likely to have a really big boost effect....

for about a month if we're lucky.

The problem is that this global depression (time to stop piddling around with recession) is not like the previous ones. There is one huge elephant in the room whose sitting fair and square on the whole body-economic of the whole world - the US banks.

The stimulus packages are designed to get confidence up, and everyone spending. Only one problem remains - there is no money to spend, because the banks are clinging to it like priests to their crucifixs. They are scared shitless they are going bankrupt. And they are.

There is an answer - the Swedes did it the 1990's - Nationalise the banks.

Horror! Panic, fear, outrage - surely you don't mean Communism? America will never allow its government to turn Communist!

Say what they like, if the big US banks are not secured, all that stimulus money is down the drain. If they don't Nationalise, then they better find an alternative. And very very fast!

 

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