Roubini's stark forecast
Tue, 2008-10-28 19:30
#1
Frustrated Mess
Roubini's stark forecast
Tue, 2008-10-28 19:30
#2
Frustrated Mess
quote:
What radical policy action can only do is to prevent what will now be an ugly and nasty two-year recession and financial crisis from turning into a decade-long economic depression.
[url=http://www.forbes.com/2008/10/08/recession-depression-keynes-oped-cx_nr_...
Tue, 2008-10-28 19:31
#3
Frustrated Mess
[url=http://www.guardian.co.uk/environment/2008/oct/29/climatechange-endanger... does it even matter?[/url]
quote:
The world is heading for an "ecological credit crunch" far worse than the current financial crisis because humans are over-using the natural resources of the planet, an international study warns today.The Living Planet report calculates that humans are using 30% more resources than the Earth can replenish each year, which is leading to deforestation, degraded soils, polluted air and water, and dramatic declines in numbers of fish and other species
Tue, 2008-10-28 19:47
#4
M. Spector
quote:
Canadians were found to have the 7th largest ecological footprint - the human demand on the Earth's ecosystems compared to the Earth's ability to regenerate those resources. Roughly half of Canada's ecological footprint comes from carbon released from transportation, heating and electricity production, which contribute to climate change. - Press release on the Living Planet Report 2008
[url=http://assets.panda.org/downloads/lpr_2008.pdf]Living Planet Report 2008[/url] (48 pp. pdf)
[url=http://assets.panda.org/downloads/lpr_summary.doc]Media Summary of the report[/url] (.doc)
[url=http://www.rabble.ca/babble/ultimatebb.php?ubb=get_topic&f=45&t=000582].... the separate thread on the Living Planet Report I just discovered.[/url] [img]redface.gif" border="0[/img]
[ 28 October 2008: Message edited by: M. Spector ]
Tue, 2008-10-28 19:55
#5
Lard Tunderin Jeezus
quote:
If the private sector does not spend and/or cannot spend, old-fashioned traditional Keynesian spending by the government is necessary. It is true that we already have large and growing budget deficits; but $300 billion of public works is more effective and productive than spending $700 billion to buy toxic assets.
...and if that $300 billion in public works goes towards green infrastructure projects, it is [i]doubly[/i] more effective and productive.