Increased melting of the large polar ice sheets contributes to the observed increase in sea level. Observations of the area of the Greenland ice sheet that has been at the melting point temperature at least one day during the summer period shows a 50% increase during the period 1979 to 20086 (see figure). The Greenland […]
From Calculated Risk: The graph shows New Home Sales vs. recessions for the last 45 years. New Home sales have fallen off a cliff. … New Home Sales: Record Low for May Technorati Tags: financial collapse
From The Oil Drum: By David Murphy Cutler Cleveland of Boston University has reported that the EROI of oil and gas extraction in the U.S. has decreased from 100:1 in the 1930’s to 30:1 in the 1970’s to roughly 11:1 as of 2000 (Figure 1). But beyond the fact that society receives currently around 11 […]
While long and severe drought in the US state of Georgia is officially “over”, and water restrictions going “off” across the US Southeast, the Canadian prairie provinces (Alberta, Saskatchewan and Manitoba, as pictured) are suffering an historic drought that may have serious impacts on farmers and food production. The Globe & Mail reports that “In […]
By Adam Morton The ocean is warming about 50 per cent faster than reported two years ago, according to an update of the latest climate science. A report compiling research presented at a science congress in Copenhagen in March says recent observations are near the worst-case predictions of the 2007 report by the United Nations’ […]
From Calculated Risk: This graph shows Capacity Utilization. This series is at another record low (the series starts in 1967). In addition to the weakness in industrial production, there is little reason for investment in new production facilities until capacity utilization recovers. … Industrial Production Declines, Capacity Utilization at Record Low Technorati Tags: financial collapse
Reindeer and caribou numbers are plummeting around the world. By Matt Walker The first global review of their status has found that reindeer and caribou numbers are plummeting around the world. It is increasingly difficult for the deer to survive in a world warmed by climate change and altered by industrial development, say scientists. The […]
From Calculated Risk: This graph shows the unemployment rate by four level of education. … Note that the unemployment rate has risen sharply for all categories in 2009. For “less than a high school diploma” the rate has increased from 9% in 2009 to almost 16% in May. Education matters! Unemployment Rate and Level of […]
From Calculated Risk: From MarketWatch: U.S. consumer debt falls by $15.7 billion Consumer credit fell by $15.7 billion, or 7.4% at an annual rate, to $2.52 trillion. It was the second largest decline in outstanding debt on record, exceeded by March’s $16.6 billion drop. This graph shows the year-over-year change in consumer credit. Consumer credit […]
From Calculated Risk: Mark Lomanno, President of Smith Travel Research gave a presentation on hotel performance in New York. Stacey Higgins at HotelNewsNow has some details: NYU: By the numbers When contrasting this downturn with others, one of the most important differences is that as demand has declined at historically low rates, supply is still […]
