Conservation groups have released a report showing that humanity is overconsuming natural capital and are pushing natural systems well beyond their limits. The report estimates a credit excess of a third (though we believe it to be greater). The consequences will be a failure of natural systems and then a failure of human systems and …
Continue reading Ecological crunch looming
Day:29 October 2008
IMF handouts – first come, first served
Better get in line soon. The IMF is doling out cash fast to prop up economies whose banking system is close to collapse. Of course it would be an embarrassment for the US to go cap in hand but don’t rule it out. It reminds me of the Asian Banking Crisis of the late 1990s, …
Continue reading IMF handouts – first come, first served