In a frank and ominous farewell message delivered at the California Public Utilities Commission (CPUC) last week, Commissioner Mark Ferron called on his fellow commissioners to resist mounting pressure to protect the interests of powerful utilities over those of energy consumers and solar-powered customers in the state’s ongoing battle over net energy metering.
I do not expect the big insiders to get caught up in this debacle as I have said on numerous occasions. But they will be carrying some big specs and funds out on stretchers. And perhaps a bureaucrat, politician, and banker or two.
In fact, it is likely that if the scheme is revealed and taken down before a crisis, it will happen because big players started complaining to the regulators. The market overseers will listen to the financially powerful, if not the public, as had happened in the case of the London Whale. This is the failure of equal justice, and it will bring down whole governments if it continues.
This is one study, however, and it examined peoples’ financial beliefs and behaviours regarding their investments. Does this really have any broader implications for their overall financial management, let alone their debt management, capabilities? Well, maybe it does, as it speaks to the highly influential role our emotions and self perception play in our finances, not ‘just’ the technical knowledge component that is usually reported upon. As ‘perception is reality’, maybe we need the financial media to focus on these perception variables in equilibrium with stories of market trends and investment strategies.
Abbadabba’s, where a wall of spring flip-flops is on display, generally places orders six months in advance and cannot restock on short notice. “When you’re small retail, your real business is inventory management, just having the right things at the right time,” Ms. Dellaporta said. “I would have loved to have been stocked up on nothing but rain boots, but that wouldn’t be practical.”
The Childless Plan for Their Fading Days (jdargis)
Ms. Tint’s situation is one that more and more elderly people will face over the next few decades as fewer women choose to have children. According to an August 2013 report from AARP, 11.6 percent of women ages 80 to 84 were childless in 2010. By 2030, the number will reach 16 percent. What’s more, in 2010, the caregiver support ratio was more than seven potential caregivers for every person over 80 years old. By 2030, that ratio is projected to decline to four to one. By 2050, it’s expected to fall to three to one.
There doesn’t appear to be much snow on the ground in Texas or Louisiana, and with the forecast of mild temperatures, it doesn’t figure to last much longer there, if it even makes it through the day Thursday.
The map shows how sparse the snow is in parts of the West, as only small parts of Nevada, Arizona and New Mexico are showing snow because of the ongoing drought and warmth.
The Sixth Extinction (jdargis)
For example, we continue to use the world’s atmosphere as an open sewer for the daily dumping of more than 90 million tons of gaseous waste. If trends continue, the global temperature will keep rising, triggering “world-altering events,” Kolbert writes. According to a conservative and unchallenged calculation by the climatologist James Hansen, the man-made pollution already in the atmosphere traps as much extra heat energy every 24 hours as would be released by the explosion of 400,000 Hiroshima-class nuclear bombs. The resulting rapid warming of both the atmosphere and the ocean, which Kolbert notes has absorbed about one-third of the carbon dioxide we have produced, is wreaking havoc on earth’s delicately balanced ecosystems. It threatens both the web of living species with which we share the planet and the future viability of civilization. “By disrupting these systems,” Kolbert writes, “we’re putting our own survival in danger.”
Three Signs of Retreat in the Global War on Climate Change (westcoastjan)
A series of recent developments highlight the way we are losing ground in the epic struggle to slow global warming. This has not been for lack of effort. Around the world, dedicated organizations, communities and citizens have been working day by day to reduce greenhouse gas emissions and promote the use of renewable sources of energy. The struggle to prevent construction of the Keystone XL tar sands pipeline is a case in point. As noted in a recent New York Times article, the campaign against that pipeline has galvanized the environmental movement around the country and attracted thousands of activists to Washington, DC, for protests and civil disobedience at the White House. But efforts like these, heroic as they may be, are being overtaken by a more powerful force: the gravitational pull of cheap, accessible carbon-based fuels, notably oil, coal and natural gas.
Gold & Silver
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