By Evan V. Symon 6 September 2011 If you turn on the news and hear that some city is being devastated by its fourth flood in 20 years, or that a village at the foot of some volcano has just been buried under lava, there is a 100 percent chance that someone in the room […]
Karl Marx was right that globalization, financial intermediation, and income redistribution could lead capitalism to self-destruct. By Nouriel Roubini15 August 2011 NEW YORK—The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too […]
August 9 (Insurance Journal) – An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by drought, which has already become a major problem across Europe, will also become much worse due […]
By George Monbiot, www.guardian.co.uk 8 August 2011 Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a year, after which no one will ever eat fish again. Almost everywhere fish stocks are collapsing through catastrophic mismanagement. But no one in the rich […]
By Nouriel Roubini7 August 2011 The first half of 2011 showed a slowdown of growth – if not outright contraction – in most advanced economies. Optimists said this was a temporary soft patch. This delusion has been dashed. Even before last week’s panic, the US and other advanced economies were odds-on for a second […]
By CalculatedRisk21 July 2011 This is a day to remember – Greece will now default – so this is probably worth one more post (I haven’t seen a rating agency downgrade them yet). For details: STATEMENT BY THE HEADS OF STATE OR GOVERNMENT OF THE EURO AREA AND EU INSTITUTIONS. Note: The history of the […]
By Ray Smith for IPS, part of the Guardian Environment Network, www.guardian.co.uk22 July 2011 Even though their ice is called ‘eternal’, many alpine glaciers’ lives may come to an end within this century. For 150 years, most of them have been more or less constantly retreating, and since the eighties, their shrinkage has visibly increased. […]
By Tom Kington, The Observer10 July 2011 ROME – The high cost and exclusive nature of Italy’s best beaches cause regular disputes, but accelerating coastal erosion means some of them are now disappearing altogether. Italian actors, intellectuals and the titled rich setting off for the beach this summer have been shocked to find that one […]
ABSTRACT: Culturing experiments, simulating a projected future rise in atmospheric CO2 concentrations, were performed with the benthic foraminifer Ammonia aomoriensis from Flensburg Fjord, southwestern Baltic Sea. The experiments simulated a future rise in atmospheric CO2. We exposed living specimens to five seawater pCO2 levels ranging from 618 µatm (pH 7.9) to 3130 µatm (pH 7.2) […]
Zurich, July 4 (Swiss Re) – Europe is witnessing a dramatic increase in property damage as a result of soil subsidence. Climate change could magnify those risks, a new Swiss Re publication shows. A new loss model developed by Swiss Re and the Swiss Federal Institute of Technology (ETH Zurich) suggests that soil subsidence will […]
