Blogging the End of the World™
By JASON DEAREN, Associated Press Writer (04-08) 17:35 PDT Millbrae, Calif. (AP) — California’s commercial chinook salmon fishing season will be called off again after a record low number of the fish returned to the Sacramento River to spawn last year, federal fisheries managers announced Wednesday. The decision by the Pacific Fishery Management Council will […]
Having lived in the northeastern U.S. for some time before moving to Quebec, certainly some of the best things in these parts include colourful fall foliage and tons of locally-harvested maple syrup. Sadly, thanks to increasingly ‘weird’ and warming weather, the long-standing tradition and $65 million business of “maple sugaring” in the northeastern U.S. is […]
Carolyn Said, Chronicle Staff Writer A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say. Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous […]
The UK economy could decline for another year and take a further two years to recover, according to a respected think tank. A National Institute of Economic and Social Research study says the current economic decline is “very similar” to the slowdown at the start of the 1980s. … Their forecast is consistent with what […]
by Johann Hari …The ubiquitous cranes have paused on the skyline, as if stuck in time. There are countless buildings half-finished, seemingly abandoned. In the swankiest new constructions – like the vast Atlantis hotel, a giant pink castle built in 1,000 days for $1.5bn on its own artificial island – where rainwater is leaking from […]
The persistence and severity of the drought in the Murray-Darling Basin has been described as "unprecedented" after late summer inflows to the river system fell to a 117-year low. The "bleak" outlook for next three months was adding to the grim news, the Murray-Darling Basin Authority said. Irrigation water for Australia’s food bowl will be […]
Another fine essay from Dmitry Orlov: The future does not resemble the past – or does it? When the lights go out, people burn candles and oil lamps, just like they used to before the electric grid came into existence. No longer accustomed to working with open flame, they tend to set things on fire, […]
From Calculated Risk: From The Times: Toxic debts could reach $4 trillion, IMF to warn Toxic debts racked up by banks and insurers could spiral to $4 trillion (£2.7 trillion), new forecasts from the International Monetary Fund (IMF) are set to suggest. The IMF said in January that it expected the deterioration in US-originated assets […]
By Michael J. Moore April 6 (Bloomberg) — CLSA analyst Mike Mayo assigned an “underweight” rating to U.S. banks, saying loan losses may exceed Great Depression levels and the government may be forced to take over large lenders. Financial shares and major U.S. stock indexes dropped after Mayo advised clients to sell shares of banks […]
The valiant effort to save North America’s biggest bird from extinction has suffered a setback –nearly one-fifth of the cranes have died in the last 12 months. Drought and a wasting disease are the latest threats. By Ed Struzik When the world’s last remaining flock of wild whooping cranes set off on its migration south […]
