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Posts Tagged ‘effects’

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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The Buzz About Bees

Remember that story a few years back about the mysterious honeybee affliction known as Colony Collapse Disorder? It didn’t remain in the headlines for long but it should have: Honeybees pollinate up to 1/3 of the world’s crops. Lose them and we lose a great deal of human civilization to malnutrition.

I was reminded of this sad phenomena over the holidays when, from city to city, county to county, I kept stepping over dead and dying honeybees. Not just one, but several. Not merely one week, but several weeks in a row. Three years earlier — and what first brought CCD to my attention when I came online in search of an explanation — I took a walk in a local park and saw hundreds of bees dying on the ground. It was all I could do to keep my dog from stepping on them, a number of them still trying, fruitlessly so, to fly. A few weeks later at another park, I saw the same phenomena. The carnage became so commonplace that year that I eventually lost count.

Now here comes a late-breaking 2009 headline nearly lost amidst end-of-year festivities:

Bayer ‘Disappointed’ in Ruling on Chemical That May Harm Bees | Bloomberg.com

Bayer’s newest chemical wonder, Spirotetramat, was not on the market when CCD surfaced, but what is alarming about this story is that the EPA apparently approved it, critics allege, knowing that it could heighten or accelerate the harm to a critical link in the food chain.

Our food chain.

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