Weatherdem's Weblog

Bridging climate science, citizens, and policy


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News Roundup 1/4/09

Bush loosened rules surrounding the Endangered Species Act last month.  The Cons’ craven bowing to corporate interests knows no boundaries.  While making the world more uninhabitable, the Cons have weakened one of the few safeguards protecting species.

The AP has even mentioned how Barack Obama has inherited numerous “time-bombs”, the worst of which is likely climate change.  No other issue has the potential to impact every other issue he will face.  Action must be taken quickly to avoid the kind of geopolitical shifts likely in the face of rising sea levels and shifting precipitation patterns.

Prior to the holidays, consumer spending and incomes were down.  The 4th quarter numbers should look terrible.

Mortgage rates contined their fall throughout December.  There’s tons of refinancing going on as people rush to save whatever money they can.  Home inventories and time on the market continue to be very high.  The housing market’s troubles aren’t over by a long shot.

The consumer confidence index hit an all-time low.  Record foreclosures, rising unemployment and a corrupt, incestuous financial industry don’t seem to engender confidence in people?  Really?  Gosh, big shock.

There is no such thing as “clean coal”.  400 acres of ruined land should be proof enough.  But unless it afffects people personally, they won’t pay attention to the problem.


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Bush Deregulates Industries, Economic Downturn Worsens & more

Bush pushes new deregulation rules, or as I talk about at SquareState, Bush Launches Last Attacks on Americans.

The economic downturn speeds up. Among the new problems, consumer spending is down by the largest amount in four years.  Consumer spending accounts for 70% of U.S. economic activity.  I expect that number to continue to decrease.  After all, home equity is tapped, credit cards are tapped, wages remain stagnant, workers are being laid off, and the Bush administration bails out industries.  Where are consumers supposed to get the money to buy their crap?

Another story has received almost no attention in the glare of the 2008 election: refugees from Ike.
The 2008 Atlantic hurricane season caused a lot of damage and death this year.  Do we have disaster fatigue?  If so, it doesn’t bode well for the future.  Extreme weather events are likely to become more common.

Early voting numbers look strong.

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