#ActInTimeDEADLINETime left to limit global warming to 1.5°C 4YRS126DAYS20:22:50 LIFELINEWorld's energy from renewables14.758492377%Peruvian farmer takes Germany's RWE to court in landmark climate case | German emissions fell 3.4% in 2024, on track for 2030 climate goals | London’s pollution drops after expansion of clean air toll | China unveils plan to boost green equipment manufacturing | Ireland donates $16 million to Brazil's Amazon Fund | Britain to invest £1.8bn on home energy saving upgrades | Scientists identify more than 800 new species in global Ocean Census | A bird last seen by Darwin 190 years ago reappears on a Galapagos island | Report says solar & storage accounted for 84% of new US power added in 2024 | Mexican women defied drug-dealers, fly-tippers & chauvinists to protect the environment | Peruvian farmer takes Germany's RWE to court in landmark climate case | German emissions fell 3.4% in 2024, on track for 2030 climate goals | London’s pollution drops after expansion of clean air toll | China unveils plan to boost green equipment manufacturing | Ireland donates $16 million to Brazil's Amazon Fund | Britain to invest £1.8bn on home energy saving upgrades | Scientists identify more than 800 new species in global Ocean Census | A bird last seen by Darwin 190 years ago reappears on a Galapagos island | Report says solar & storage accounted for 84% of new US power added in 2024 | Mexican women defied drug-dealers, fly-tippers & chauvinists to protect the environment |
Showing posts with label recovery. Show all posts
Showing posts with label recovery. Show all posts

Sep 22, 2009

Uh oh ("10 years of hell")

Per the good folks at Real News: hang onto your hats - it could be a bumpy ride.

I've felt for a while now that there's a couple of Real Estate shoes yet to drop.  Multi-Family Residential is one, and Commercial is another, but the really big one is that the system itself is teetering.  We have a very weak safety net of the kind that's needed to keep pumping some dollars into the economy even when people are outa work.  What makes unemployment so dangerous is that it smacks us twice: first, because people who aren't working a regular job aren't paying taxes; and second, they aren't buying anything but the bare necessities so there's less money circulating.

There's also the small matter of not fixing the problems that got us into this mess.  One of the take-aways from the video is that the big banking interests have dramatically increased their lobbying budgets.  I think we can expect long and rancorous fights over regulations - which will prob'ly shape the midterm elections next year. 

We'll see if Barney Frank and Chris Dodd manage to redeem themselves (Phil Gramm didn't do it all by himself, y'know).