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Posts Tagged ‘dangers’

The Man Who Foretold Our Economic Fate

Giving credit where credibility is due.

Charlie Rose:

How do you see the economy today? The world economy? Where are we?

Answer:

I think the financial system is extremely fragile. I think that you can see it in the volatility of currencies; you can see all sorts of weaknesses. I believe that there is an incredible amount of danger in things like the derivatives. I think that we are moving toward the outer limits of acceptable risk taking. … I think our financial system is dangerous and could create great problems for the real economy. …

Sir James Michael Goldsmith, billionaire financier, 1994; February 26, 1933 – July 18, 1997

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GreenSmart vs. GreenDumb

Trees: 181,000 of them to be exact. That’s the number of leafy green lives we will save if we pay our bills online, writes Vicki Kriz, author of GreenSmart: Save trees, pay bills online in a July 5, 2009 USA WEEKEND Magazine column. A wise idea, right? “To find out the impact your household could make, use the ‘Green Calculator’ at payitgreen.org,” the article concludes. 

That’s all well and good, but who’s asking the even bigger question: How many trees are we trading for coal-burning smokestacks vis-à-vis the increasing load our proliferating gadgets place on the electric grid?

Consider the carbon footprint of the Internet itself. The electrical requirements are astounding, yet as long as the public perceives all things Internet and electronic as a “free Green lunch”, no end to this grand, green e-lusion lies in sight.

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