Category: Politics

Sands of time

“Lives of great men all remind us, we can make our lives sublime, and, departing, leave behind us, footprints on the sands of time.” Longfellow.

Longfellow, the only American writer honored in the Poets’ Corner of Westminster Abbey.

Longfellow has been dead for 130 years, as of last March, but of his many wonderful words that have stayed with us over the last century and more, these must be some of the more familiar.  (Or am I showing my appalling lack of literary knowledge?)

Following on from yesterday’s post about the scary mathematics of climate change,  this really is the ONE thing that we have to learn from dogs; from nature.  If we don’t live in harmony with our planet pretty damn soon, then this particular civilisation is not far from extinction.  Let me remind you of a key paragraph from yesterday,

It’s simple math: we can burn 565 more gigatons of carbon and stay below 2°C of warming — anything more than that risks catastrophe for life on earth. The only problem? Fossil fuel corporations now have 2,795 gigatons in their reserves, five times the safe amount. And they’re planning to burn it all — unless we rise up to stop them.

Ergo, we do not have endless time available to us!

Otherwise the footprints left on those sands of time will be nothing more than the next civilisation pondering from time to time why those Atlantacists that sunk beneath the waves were unable to do anything to save their world!

If you think I’m being a tad excitable, then see what Rob Hopkins wrote recently over at Transition Culture.

New Economics Foundation’s ’100 Months’ campaign today reaches its midway point.  It was launched in August 2008 based on the understanding that the time that remains to us to avoid the likelihood of runaway climate change is limited, and based on the science at the time, there was a closing window of opportunity to do something meaningful about it.

Then adding,

“The question here is “what should we do differently?”  The answer is “pretty much just about everything”.  Nationally and internationally, while the scale and pace of climate change are accelerating, meaningful responses are dwindling.  Part of our collective paralysis comes from the fact that we struggle to imagine a world with less energy, less consumerism, less annual GDP growth.  What will it look like, sound like, feel like?  Does it inevitably mean that you should start seeking out your cave on Dartmoor [Devon in South-West England, PH] as we speak, and developing a taste for slugs?  Of course not.

Shortly before the 100 Months campaign began, I was part of initiating an experiment to see what a self-organised response to climate change might look like, one based on rebuilding community, on the belief that what is needed is people, everywhere, making their communities happier, healthier, lower-carbon, and more resilient, in a huge variety of ways.

Rob Hopkins was also asked to write a piece for the UK’s Guardian Newspaper in recognition that we are half-way through that 100-month campaign.  Here’s how Rob concluded that piece,

Transition Bath set up an energy company which has raised £250,000 in shares from local people. Transition town Totnes’ Transition Streets programme has enabled almost 700 local householders to reduce their carbon emissions while rediscovering a sense of community on their streets. Bristol soon sees the launch of the Bristol Pound, the UK’s first citywide transition complementary currency. Transition Brixton’s Brixton Energy is installing community-owned renewables supported by local people. Check out transitionnetwork.org to get a sense of the amazing projects under way.

At its core, this is about the belief that our best way forward is for communities to build local resilience in order to be able to better face the shocks of the present and the uncertainties of the future, from economic crisis to climate change, seeing increased community resilience as economic development. It’s a process of plugging the leaks in our local economies, seeing every leak as a potential new business, new livelihood, new apprenticeship opportunity.

Of course we need government responses, and international responses, but all of those will struggle without a vibrant bottom-up movement of ordinary people showing what’s possible and how thrilled they are by those possibilities. So although the answer is “pretty much just about everything”, I would argue that seeing this as a once-in-a-lifetime opportunity for entrepreneurship, vision and action is where our successful navigation of the next 50 months lies.

Think about it!  What are you doing today?

An image of the future?

Changing the mathematics of the climate!

An important plea to support a major road tour by the 350.org team.

Bill McKibben

There are a number of key players in the movement to arrest the affects of man on the world’s future climate and one of those is Bill McKibben.  His organisation, 350.org, has been at the forefront of raising the public’s awareness as to the terrible consequences of not changing our ways pretty damn soon.

As Wikipedia puts it,

William Ernest “Bill” McKibben (born 1960) is an American environmentalist, author, and journalist who has written extensively on the impact of global warming. He is the Schumann Distinguished Scholar at Middlebury College. In 2010, the Boston Globe called him “probably the nation’s leading environmentalist”  and Time magazine described him as “the world’s best green journalist.”

Anyway, something came in to my ‘in-box’ the other day that I wanted to share with all Learning from Dogs readers.  This is what was said,

Friends,

The reaction to our announcement of our national “Do the Math” road tour has been utterly pheneomenal.

Case in point: the event in Boston sold out in 24 hours. We’re trying to find another, larger venue to seat everyone, but the main point is this: this tour is going to be huge, and you need to be part of it.

Get your tickets here (math.350.org), and please do spread the word to everyone you know.

See you on the road,

Bill for the 350.org team

P.S. If you haven’t gotten a chance to read our first announcement, I’ve included it below.

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Dear Friends,

We’re getting ready for our most ambitious venture yet.

From November 7th to December 3rd, I’ll be on the road, visiting 20 cities in 20 nights (with a few days for travel in between) to help bring together the movement we need to make sure this planet has a future that we can all appreciate.

We’re calling it the Do the Math tour, but it’s not (thank heaven) just going to be me standing in front of a microphone.The goal is to jump-start the kind of movement that I discussed in the article I wrote for Rolling Stone about the scary new math of climate change. We will bring together musicians, artists and voices from across the movement to work together on directly confronting the financial and political might of the fossil fuel industry.

If you are near one of our stops, I want to make sure you’re there with us. You’re exactly the people we need to be there — folks who understand the climate math already, have experience in the movement, and are willing to step up to do more.


Click to check out the tour and RSVP

These events will need to be big, and reach beyond our normal circle of friends. That’s why we need to make sure that everyone knows that something big is underway. Can you take a moment to share the Do the Math tour site with your social networks?

       
Click to share on Facebook                 Click to share on Twitter

Also, just a heads up — we’re going to be putting together a live web event so that everyone who doesn’t happen to be near a tour stop can still get together and get a campaign started in their community. Our team is still hammering out the details for the exact date and time, but please keep an eye out — we absolutely need you in this fight.

I do a lot of talks to big groups, but this is a new kind of undertaking for me, and for 350.org. We’re trying to quickly build up some serious momentum, which is why we’ve gone to great lengths to make this a very different kind of event.

Not only will we have music and guests like Naomi Klein, Jim Hansen, Desmond Tutu, in person and via video, this event is also the kickoff to some serious organizing in your community. This tour will launch our next big mission — a campaign to directly confront the economic power of the fossil fuel industry. Our message will be crystal clear: it’s not OK to sacrifice our future for the sake of one industry’s bottom line. Divestment is one important tool that we’ll discuss, but we’re ready for many other tactics as well.

Over the past few months our planet gave stark warning signs that humans have never seen before. The Arctic melted, breaking every record. The Great Plains sweltered. The West burned. This roadshow is the next big step — but the price of admission, besides the ticket, is a willingness to really go to work to change the world in the year ahead. That’s why we need you this November.

The stakes have never been this high, and I’ve never been more serious.

Please join us: math.350.org

–Bill McKibben for 350.org

So go across to that Tour site, where you will read this,

On November 7th, we’re hitting the road to jumpstart the next phase of the climate movement.

It’s simple math: we can burn 565 more gigatons of carbon and stay below 2°C of warming — anything more than that risks catastrophe for life on earth. The only problem? Fossil fuel corporations now have 2,795 gigatons in their reserves, five times the safe amount. And they’re planning to burn it all — unless we rise up to stop them.

This November, Bill McKibben and 350.org are hitting the road to build the movement that will change the terrifying math of the climate crisis.

and see the link to the Tour locations and dates.

TOUR DATES & TICKETS

***Click a city to sign up and buy tickets.***

Don’t see your town on the map? You can still get involved by signing up here.

ABOUT THE TOUR

This won’t be your typical lecture.

Each event will be a unique and interactive experience, unlike any talk you’ve been to before. It will pick up where Bill McKibben’s landmark Rolling Stone article left off — and everyone who comes will be asked to join a growing movement that is strong enough to stand up to the fossil fuel industry. Together we’ll mount an unprecedented campaign to cut off the industry’s financial and political support by divesting our schools, churches and government from fossil fuels.

This won’t be easy: we’re up against the most profitable, powerful, and dangerous industry in history. But we have our own currency: creativity, courage and if needed, our bodies.

Never let it be said that we, as in all of us, don’t have the power to change the world.  Oh, and feel free to circulate today’s post.

Hear no evil; or is that hear no climate change?

A new angle on the famous ‘hear no evil, see no evil, speak no evil’ saying!

What climate change??

That new angle being ‘hear no climate change, see no climate change, speak no climate change!‘

So what has prompted this outburst from me?  It started with me seeing a truly scary graph that was on Peter Sinclair’s Climate Crock blogsite on the 20th September.  That was the graph that was published yesterday on Learning from Dogs under the post title of It’s not rocket science!  If you didn’t see that graph yesterday, don’t read further on until you have looked at it.

Thus while today’s post could easily be interpreted as yet another blogpost from yet another writer about climate change, that is not the case.  What I am doing is taking a quick trip across a few recently published items that really do make it utterly clear what is happening to the Earth’s biosphere, all in support of a very simple question to two gentlemen who are currently in the news; stay with me for all to become clear!

First, back to the blogsite Climate Crocks.  Under the title of Climate Denial Crock of the Week was a recent post by Peter Sinclair about a video from Dr. Jennifer Francis of Rutger’s Institute of Marine and Coastal Sciences.  (Go to that link to watch the video.)

However, this is what caught my eye, (an interview between Dr. Francis and Peter Sinclair).

What she told me in a recent interview was that the sea ice record is not something that we just pay attention to in September – there will, in fact, be reverberations that will make fall and winter “very interesting” around the globe.

Then it was easy to come across this piece on The Weather Channel website,

An unusually strong storm formed off the coast of Alaska on August 5 and tracked into the center of the Arctic Ocean, where it slowly dissipated over the next several days. The center of the storm was located in the middle of the Arctic Ocean.

On Wednesday, the National Snow and Ice Data Center concluded Arctic sea ice is at its lowest late-August level since records began, and the area covered by ice has continued to shrink in September. Since 1979, the 1.54 million square miles of ice is the smallest coverage on record at the North Pole, the report states.

With so many questions surrounding these latest findings, perhaps one of the most immediate is whether this melting of sea ice will affect the upcoming winter across the United States and Northern Hemisphere. Is it possible that a lack of Arctic sea ice could change weather patterns across the globe?

Four meteorologists spoke about these possibilities, and while they didn’t say dramatic weather shifts are imminent in the short-term, they did give some thoughts on what could happen.

One of the meteorologists was Dr. Jeff Masters, Director of Meteorology, Weather Underground. He wrote,

In my December 2011 blog post, I discuss research by Dr. Jennifer Francis of Rutgers University, who found that Arctic sea ice loss may significantly affect the upper-level atmospheric circulation, slowing its winds and increasing its tendency to make contorted high-amplitude loops. High-amplitude loops in the upper level wind pattern (and associated jet stream) increases the probability of persistent weather patterns in the Northern Hemisphere, potentially leading to extreme weather due to longer-duration cold spells, snow events, heat waves, flooding events, and drought conditions.

Several studies published in 2012 have linked Arctic sea ice loss to an increase in probability of severe winter weather in Western Europe, Eastern North America and Eastern Asia.

Then if one goes to that December 2011 blog post, one reads this,

“The question is not whether sea ice loss is affecting the large-scale atmospheric circulation…it’s how can it not?” That was the take-home message from Dr. Jennifer Francis of Rutgers University, in her talk “Does Arctic Amplification Fuel Extreme Weather in Mid-Latitudes?“, presented at last week’s American Geophysical Union meeting in San Francisco. Dr. Francis presented new research in review for publication, which shows that Arctic sea ice loss may significantly affect the upper-level atmospheric circulation, slowing its winds and increasing its tendency to make contorted high-amplitude loops. High-amplitude loops in the upper level wind pattern (and associated jet stream) increases the probability of persistent weather patterns in the Northern Hemisphere, potentially leading to extreme weather due to longer-duration cold spells, snow events, heat waves, flooding events, and drought conditions.

Further on in that blog post, one reads,

Arctic sea ice loss can slow down jet stream winds

Dr. Francis looked at surface and upper level data from 1948 – 2010, and discovered that the extra heat in the Arctic in fall and winter over the past decade had caused the Arctic atmosphere between the surface and 500 mb (about 18,000 feet or 5,600 meters) to expand. As a result, the difference in temperature between the Arctic (60 – 80°N) and the mid-latitudes (30 – 50°N) fell significantly. It is this difference in temperature that drives the powerful jet stream winds that control much of our weather. The speed of fall and winter west-to-east upper-level winds at 500 mb circling the North Pole decreased by 20% over the past decade, compared to the period 1948 – 2000, in response to the extra warmth in the Arctic. This slow-down of the upper-level winds circling the pole has been linked to a Hot Arctic-Cold Continents pattern that brought cold, snowy winters to the Eastern U.S. and Western Europe during 2009 – 2010 and 2010 – 2011.

OK, nearly finished!  Stay with me for one last item.  Did you note in that blog post (the first section quoted) this, “Dr. Francis presented new research in review for publication …“?  Here’s the Abstract from that publication, from which one reads,

Evidence linking Arctic amplification to extreme weather in mid-latitudes

Key Points

  • Enhanced Arctic warming reduces poleward temperature gradient
  • Weaker gradient affects waves in upper-level flow in two observable ways
  • Both effects slow weather patterns, favoring extreme weather

Jennifer A. Francis, Institute of Marine and Coastal Sciences, Rutgers University, New Brunswick, New Jersey, USA

Stephen J. Vavrus, Center for Climatic Research, University of Wisconsin-Madison, Madison, Wisconsin, USA

So to the point of both yesterday’s Post and the information above.

Will someone tell me why Messrs Barack Obama and Willard Mitt Romney so fervently adopt the stance of ‘hear no climate change, see no climate change, speak no climate change!‘

It’s not as though it’s unimportant!!

Making politics more fun!

Another pearl sent in by Neil Kelly.

If you are unfamiliar with who Mr. Clegg is then this website will explain all.

Loving our planet!

While Learning from Dogs trawls around a wide variety of topics, the theme behind the writings is, as the banner says on the home page: Dogs are integrous animals. We have much to learn from them.

Integrity, defined more or less universally as the ‘adherence to moral and ethical principles; soundness of moral character; honesty.‘

Please trust me that this position is taken not from the perspective of the writer, I’m struggle with ‘right’ and ‘wrong’ as much as the next guy.  No, this position is the result of one very simple and stark vision: If we don’t understand pretty damn soon what we, as in mankind, are doing to our planet, both directly and indirectly, then we are living through the era of the end of civilised man; these are the last times.

The relationship between man and the dog is ancient beyond contemplation.  It is widely believed by scientists who study the history of man that, at the very least, dogs assisted man in evolving from hunter-gatherers to farmers.  But some scientists believe that without the support of dogs, man never would had made the transition to farming.  Either way the relationship goes back more than 10,000 years.

So what on earth does that have to do with integrity?  Simply that alongside millions of us, dogs offer us the examples of loyalty, faith, meditation, patience, truth in love; an example of an adherence to moral and ethical principles; soundness of moral character; honesty.‘  In a single word: integrity!

OK, now that I have got that off my chest, to the topic of today’s post.  For some months now I have subscribed to the blog run by The Permaculture Research Institute of Australia.  It has much that will be useful for Jean and me when we move to Oregon in November.  But also, not infrequently, the Institute highlights deeper, more fundamental, issues.

Thus it was that a few days ago, my attention was drawn to an item with the title of  We Need Your Help to End the Era of Ecocide.  It was about the work of English woman, Polly Higgins.  I’m ashamed to say that I had not heard of her before!  A very quick search came across the website Eradicating Ecocide, from which one quickly learns that Polly,

In March 2010 international barrister and award winning author Polly Higgins proposed to the United Nations that Ecocide be made the fifth Crime Against Peace. There are currently four Crimes Against Peace: genocide, war crimes, crimes of aggression and crimes against humanity. Ecocide is the missing fifth crime – it is a crime against humanity, against current and future generations, and against all life on Earth.

Wow, that makes sense.  So what is ecocide? Again, Eradicating Ecocide offers the answer,

Back to the specific topic.  This is a copy of what is the latest news item on the Eradicating Ecocide website and it is reproduced in full.  I’ve included the Editor’s introduction from the Permaculture News website, as I couldn’t say it any better.

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We need your help to end this era of Ecocide

Editor’s Note: We’ve covered a little of Polly Higgin’s important work before (see here and here). If you’re not already familiar with Polly’s work, I would strongly encourage you to check out the web pages and videos linked to below, as well as our aforementioned pieces. Permaculturists dream of whole earth restoration, but our efforts, whilst essential, are, if I may, largely piecemeal. The reason for this is that for every positive step someone makes, an industry or government does, or allows, something significantly more destructive to take place that more than overshadows it. We will never break out of this destructive cycle unless we make environmental destruction illegal, and hold the people responsible accountable. As you are able, please support Polly’s work. If you cannot donate, please at least do what you can to share and circulate this page.

Polly Higgins

I have something I would like to share with you. Today myself and my team have reached zero. The pot is now bare and our funding resources are in urgent need of replenishing. In the past year your donations of over £200,000 funded my and my team’s work; we planted some incredible seeds in the run up to the Rio Earth Summit. Out of that we have had some wonderful successes; in the past year alone we have held a mock Ecocide Trial in the UK Supreme Court, the University of London launched their Ecocide Project, I have travelled to countries and spoken on many platforms, I launched my second book Earth is our Business, I have been awarded Overall Champion by the PEA awards, I have started a training programme for others to learn how to become a Voice for the Earth and I have submitted a concept paper, Closing the door to dangerous industrial activity to all government’s around the world. All this has been done with the help of your money and without it none of this would have been at all possible.

Yesterday we held an emergency meeting; despite the enormous efforts of our fundraiser over the past few months we have been unable to raise more than a few thousand pounds. We are looking squarely at the future and we see enormous opportunity to take forward all that I have already achieved; just think how close we are to making this law a reality.

Everything we do is governed by permaculture ethics; people care, earth care and fair share. Ecocides occur when we take far more than our fair share, which affects both our people and our Earth. To ensure we live within our planetary limits, a law of Ecocide creates a legal framework that can ensure we all live in peaceful enjoyment.

Please help me to continue to build upon all of this good work; now more than ever people care, earth care and fair share matters. Together we can end the era of Ecocide.

With love for the Earth,

Polly

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If you read this and want to share this Post, feel free to so do.  If you want to do that and more, then:

How you can help

  • Set up a direct debit.
  • Give a one-off donation.
  • Do a direct bank transfer.
  • Send a cheque to us at 6 Highbury Corner, Highbury Crescent, London N5 1RD. Please write your cheque out to our charity, The Earth Community Trust.
  • In the US you can donate via the Iris Arts and Education Group 1856 San Antonio Ave, Berkeley, California 94707. Please write your cheque out to our charity, The Earth Community Trust.
  • Please become one of our funding volunteers. We are seeking a team of people to help us fundraise. This can be done in a number of ways. If you think you can help, please email our intern Nina: nina (at) eradicatingecocide.com
  • We are seeking a volunteer for 2 weeks full time to come into our London office: please email Louise with your CV: louise (at) eradicatingecocide.com

And don’t forget to go to the Eradicating Ecocide website to become more aware and then take action!  Speaking of becoming more aware, do watch this video.

The influence of climate

Changing climate is changing us and the world in significant and fundamental ways.

I wrote this around noon on the 7th September.  That day we awoke to the sky, normally clear blue, covered totally in grey stratus cloud.  Shortly after 9am it started to rain and some three hours later that rain was still steadily falling from the sky.  Don’t get me wrong, the steady rain was vital to the area.

The precipitation statistics for Payson, AZ up to yesterday (6th at the time of writing) are:

Precipitation year to date (ergo to the 6th September) = 8.02 inch (20.37 cms)

Precipitation 30-year average to the end of September = 16.25 inch (41.28 cms)

Year to date as a percentage of 30-year average = 49.4%

The annual 30-year average precipitation for the year for Payson is 21.5 inch. (54.6 cms)

So despite a moderately effective monsoon, there is no way that Payson, Arizona will be even close to the 30-year average for precipitation.

That’s why a recent essay by Chris Martenson, he of Peak Prosperity fame, is so critically worth reading.  I’m very grateful to Adam Taggart, Chris’s business partner, for giving me permission to republish the essay.  (Note that the essay was published before Hurricane Isaac arrived.)

Also note that this is Part One of Chris’s very detailed report and that to read the concluding Part Two you will need to enrol over at Peak Prosperity.  However, Part One is very detailed and covers much. Thus even without Part Two there is much here to ‘exercise the mind’.

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The U.S. Drought Is Hitting Harder Than Most Realize

Repercussions are everywhere.  By Chris Martenson, Wednesday, August 29, 2012, 8:02 PM

This is an important update on the U.S. drought of 2012, the combined record-setting July land temperatures, and their impact on food prices, water availability, energy, and even U.S. GDP.

Even though the mainstream media seems to have lost some interest in the drought, we should keep it front and center in our minds, as it has already led to sharply higher grain prices, increased gasoline costs (via the pass-through of higher ethanol costs), impeded oil and gas drilling activity in some areas (due to a lack of water), caused the shutdown of a few operating electricity plants, temporarily reduced red meat prices (but will also make them climb sharply later) as cattle are dumped in response to feed- and pasture-management concerns, and blocked and/or reduced shipping on the Mississippi River. All this and there’s also a strong chance that today’s drought will negatively impact next year’s Winter wheat harvest, unless a lot of rain starts falling soon.

The good news from Hurricane Isaac is that he’s traveling on a perfect path to deliver relief to one of the most heavily drought-impacted areas:

There are steps that everyone can and should take to become more food- and fuel-resilient in case the drought persists – as some experts think is quite possible – into next year and perhaps a few more. We’ll get to those steps shortly.

Further, there will be a definite impact to U.S. GDP, which could add to pressures (excuses?) that the Fed may use to justify additional quantitative easing (QE) measures (otherwise known as ‘printing more money’).

U.S. Drought Intensifies

The drought in the U.S. has intensified in the recent weeks, even though it has somewhat dropped from the front pages of mainstream media, possibly because the story is stale or possibly because it’s just too serious to dwell on for long:

Extreme drought in the U.S. intensifies
Aug 17, 2012

The drought in the United States is continuing to intensify, according to the National Oceanic and Atmospheric Administration (NOAA).

The latest Drought Monitor says 61 percent of the contiguous United States faces moderate or worse drought conditions this week.

Nearly 30 percent is experiencing extreme to exceptional drought, exceptional being the most severe category.

Officials say the amount of land that’s currently affected across the U.S. is larger than the entire state of California.

In this next image, it is notable that the areas of the highest drought classification — ‘exceptional’ — have dramatically expanded from the prior week (the August 7, 2012 report).

(Source)

Much of the drought is centered squarely over the U.S. ‘breadbasket’ region and has really dented this year’s harvests in a big way.

Crop Losses

Certainly the number one story around the U.S. drought centers on its impact on grain production, specifically corn and soybeans. In a minute we’ll discuss the other impacts, but we’ll start with the one that has the greatest potential to cause both suffering and strife over the coming months (and possibly years), especially for those on limited budgets.

In 2011, the U.S. reaped a corn harvest of some 314 million tons. In 2012, the USDA has estimated a harvest of 274 million tons – a shortfall of 40 million tons – despite record acreage being planted.

While the USDA has been steadily reducing their crop estimates, practically with every passing week, it seems likely that the USDA remains behind the curve today, as it has been every step of the way. A different source for information comes from the Pro Farmer Midwest Crops Tour, which is coming in slightly under the current USDA estimates:

Crop Tour Points to Sharper Drought Impact on Soy, Corn
Aug 21, 2012

Initial reports from the closely watched Pro Farmer Midwest Crop Tour suggested more crop damage than expected from the drought, raising the potential for diminished soybean production this fall and sending futures sharply higher.

The disappointing crop reports from scouts touring fields on the Pro Farmer crop tour in states such as Ohio and South Dakota make it hard to believe soybean yields will reach current U.S. government crop projections, said Don Roose, president of advisory and brokerage firm U.S. Commodities in West Des Moines, Iowa.

The market is in the “watch and worry” mode on all fronts as shrinking crop forecasts will further tighten supplies already projected to dwindle to precariously tight levels in 2013, Mr. Roose said.

On the annual Pro Farmer tour, analysts and investors walk corn and soybean fields in seven Midwestern states over four days to assess prospects prior to the fall harvest. Pro Farmer is an agricultural advisory firm. The Pro Farmer tour, which wraps up Thursday, reported diminished potential for the soybean crop in both Ohio and South Dakota.

The crop tour doesn’t estimate soybean yields, but it reported an average 584.9 pods per 3-foot-by-3-foot square area in South Dakota, down 47% from a year ago. In Ohio, scouts reported soybean counts at an average of 1,033.72 pods per 3-foot-by-3-foot square area, down from 1,253.2 pods a year ago.

Soybeans entered their critical growing phases in recent weeks, and the crop has benefited in some regions from recent rains across the eastern Farm Belt.

Meanwhile, scouts with the Pro Farmer Midwest Crop Tour on Monday reported an average estimated corn yield in Ohio of 110.5 bushels per acre, down from the tour’s estimate of 156.3 bushels a year ago. In South Dakota, tour scouts reported an average yield estimate of just 74.3 bushels per acre, down from 141.1 bushels a year ago.

While commodities traders and agronomists have braced for weeks for the prospect of a crop decimated by drought, the estimates were lower than many had expected.

The summary here is that the Pro Farmer Tour is reporting crop yields to be 2% – 3% lower than current USDA forecasts, which is a big deal when it comes to food. We’re talking a few tens-of-millions-of-bushels’ difference.

The somewhat sour note in this unfolding drama is the fact that 40% of the nation’s corn crop goes to ethanol producers, which means that food will be burned in the nation’s auto fleet instead of helping to keep prices down for consumers and animal feed. Another 40% goes to animal feed (chicken, cattle, hogs, etc.), and the remaining balance goes to direct human consumption.

However, the ethanol mandate is a congressional requirement for our fuel blenders, so they do not have a choice in the matter. It would literally take an act of Congress to even temporarily suspend the ethanol requirement – and in an election year, that’s just not going to happen, given the powerful constituencies invested in preserving that mandate.

Of course, higher input costs will ripple through the entire chain, so perhaps Bernanke will get the inflation he seeks, although it won’t be the one he wants. The inflation he wants is simple monetary-driven inflation. The inflation he will get is nothing more than a supply/demand mismatch.

Still, the USDA has a handy calculation for estimating the future impacts:

U.S.’s inferior corn crop has supply-chain ramifications
Aug 13. 2012

The USDA has provided considerable information about how the drought’s effects were likely to percolate through the economy. Because of a smaller-than-expected corn crop, the USDA said it can make the general prediction that “we will see impacts within two months for beef, pork, poultry and dairy (especially fluid milk). The full effects of the increase in corn prices for packaged and processed foods (cereal, corn flour, etc.) will likely take 10-12 months to move through to retail food prices.”

The USDA has a formula for predicting changes in the rate of inflation caused by gains in prices at the commodity level: if the farm price of corn rises 50%, retail food prices rise by 0.5% to 1% as measured by the Consumer Price Index (CPI).

The price of September corn futures from mid-June until early August advanced 55%, meeting the USDA’s criterion for a measurable increase in the CPI Lapp presented a more extreme scenario than the USDA. He predicted that the damage to the 2012 corn crop will translate into a food inflation rate of 4% to 5% in 2013. In his view, the dollar cost of the drought already was $30 billion, which accrued rapidly over the summer.

“This is a cost that somebody has to bear,” Lapp said. “Some price hikes are fairly quick and others take a while.”

He said high feed costs will have to be absorbed by producers, who will likely liquidate part of their cattle and swine herds and poultry populations. At the retail level, the drought’s effects will translate into narrower margins — and expected higher prices — for processed food and soft drink manufacturers among others.

Lapp offered his opinion that legislation that has effectively required 40% of the corn crop be used in making biofuels has made everything worse.

“The situation has been aided and abetted in a negative way by the biofuels mandates,” he said. “Shame on us for having mandated so much to corn ethanol” without creating contingencies for a bad crop year.

Because corn is the base unit for so many things (especially in the form of high-fructose corn sweetener), and because it’s a primary feed component for finishing cattle and raising chickens and hogs, it tends to have a pretty decent impact on food prices.

However, it takes time for those price hikes to work through the system. So it will not be until 2013 sometime that we really begin to feel it in the U.S. And for the rest of the world that lives more directly on grains? They’re not as lucky. The price hikes hit them almost immediately.

It looks like the harvest in Russia will be below expectations as well:

Russia harvest forecasts cut as drought hits crop in east
Aug 20, 2012

(Reuters) – Two leading Russian agricultural analysts cut their forecasts for Russia’s grain harvest on Monday after harvest data from two drought-stricken eastern growing regions reduced the outlook for the overall crop.

SovEcon narrowed their grain forecast to 71-72.5 million metric tonnes (…)

The government’s official grain harvest forecast is 75-80 million tonnes, of which 45 million tonnes could be wheat. The government has put this season’s exportable surplus at 10-12 million tonnes, a level seen by traders as an informal cap on exports.

The government has tried to reassure markets there will be no repeat of August 2010, when Russia’s government shocked markets with a snap decision to ban grain exports when the scale of losses from major drought became clear.

The government has indicated that protective tariffs could be an option, though only after the end of the calendar year.

But traders widely expect limits to be imposed in some form, perhaps as early as November, after heavy exports in the early months of the season showed Russia could hit the 10-12 million tonne mark sooner than January.

Russia is still officially projecting 75-80 million tonnes but may only get 71 tonnes. If the projected exportable surplus is 10-12 million tonnes, but Russia actually harvests 9 million tonnes less than their hoped-for projection, then its exports will have to decrease to plug that gap.

Here’s the kicker: Russia has already exported a good deal of that amount. That is, the prospect of another Russian export ban this year is quite realistic. If we get one, then we can expect a repeat of the turmoil in the grain markets that we saw in 2010.

But there’s another much more fundamental reason why we can expect higher prices going forward.

Need for Even Higher Prices

The good news is that there’s still plenty of supply to carry us through to the next harvest. However, demand is going to have to go down some, and the way we accomplish that is through the price mechanism.

Right now, physical grain traders are saying that prices are too low and that unless they rise, we’re going to run out of grain before the next harvest. Obviously, that’s not truly going to happen – increasing scarcity will cause prices to rise until current demand levels are reduced.

Fall in corn price disguises real picture (Financial Times)
Aug 20, 2012

Corn prices surged this month to an all-time high of $8.4375 a bushel on the back of the worst drought in the US in nearly half a century. But prices have since fallen roughly 5 per cent. The impression is the rally has run out of steam.

This is far from the real picture. Prices need to rise again – probably setting all-time highs – to dampen consumption that is running ahead of supply.

If demand does not slow down, silos will be all but empty before the next harvest arrives in late 2013.

On paper, the balance sheet for corn supply and demand published by the US Department of Agriculture seems good enough. But in practice, the numbers look a bit shaky. The agency, whose figures are closely watched by the market, first estimates supply and, after that, adjusts the demand data to maintain a minimum level of inventories.

This time the USDA is asking for monumental rationing on the demand side. For example, US corn feed and export demand will need to drop to their lowest levels in nearly 20 years.

The USDA is also forecasting lower ethanol production – and thus corn demand. Ethanol output has fallen, but not nearly enough. Worse, the rise in wholesale petrol prices back above $3 a gallon means that ethanol producers are profitable again, even when paying record corn prices.

Corn is now trading just above $8 a bushel – but traders in the physical market say that prices need to rise to $9-$10 to force demand down enough to meet the consumption levels anticipated by the USDA.

The retreat in corn prices over the past couple of weeks has given inflation watchers a false sense of security. The market should not relax, however. More food inflation is just waiting around the corner.

The idea here is that the cash market will have to lead the futures market higher, an odd situation because it is usually the other way around. With so many hedge funds now playing in the commodity space, one explanation is that they are simply playing paper games with each other – those playing the short side will get a lesson in the importance of keeping one eye on reality.

A truly shocking event would be if the U.S. ever gets to the position of limiting exports of corn or even soybeans. That is a very unlikely proposition to consider, but if the silos get drained because we have dysfunctional markets that saw fit to keep prices bizarrely low while our free trade agreements allow the too-low grains to be exported, threatening domestic supplies, then that possibility notches up a little bit.

Dairy, Meat, and Even Higher Gasoline Costs

While it is clear that basic grain prices are heading higher, the knock-on effects into other soft commodities are a little less clear, but are definitely still important to consider.

The most obvious of these are higher grain feed costs that will hit both livestock and dairy producers especially hard:

The withering crops are translating into higher feed costs for livestock producers. “This is different than anything I’ve ever experienced,” said Kent Pruismann, who raises cattle and hogs on a farm in Sioux County, Iowa, and saw his costs for feed jump by 20% in July.

The higher corn, soybean and wheat prices will reach food makers, exporters and eventually consumers. Drivers already have seen fuel costs climb because of higher prices for ethanol, a corn-based fuel that is blended into gas. The drought also has reignited the debate over whether ethanol production is a drain on global food supplies.

(Source)

Some are already turning to, shall we say, other means to keep their herds fed:

Kentucky cows eat candy instead of corn

Aug 14, 2012

LOUISVILLE, KY (WAVE) – When you think of cattle feed, you probably don’t think of candy, but due to the drought that’s exactly what one farmer chose to do.

At Mayfield’s United Livestock in Western Kentucky, owner Joseph Watson feeds his herd second-hand candy.

Watson started feeding his cattle the candy because corn prices were so high.

He mixes the candy with an ethanol by-product and a mineral nutrient. He monitors the daily intake and said the cows have had no real health issues.

Yes, the higher grain costs are going to hit everything from big cattle feedlot operations to my own two-bags-a-month chicken-feed usage.

However, it will be the cost of and even lack of hay that will really create some big problems later this year. The drought not only harmed the range and pasture lands, forcing greater use of stored hay to offset the decline in forage, but it put a huge crimp in this year’s hay production:

Drought Cripples Hay Feed Industry

Aug 19, 2012

Widespread drought has scorched much of the pastureland and hay fields needed to sustain cattle herds in the U.S., forcing many ranchers to find feed alternatives or sell their animals early into what has become a soft beef market.

The shortage has led to higher hay prices, with some farmers saying they have to pay two to three times last year’s rates.

Despite farmers setting aside more land to grow hay this year, they are still producing a lot less because of the drought, according to a recent Department of Agriculture estimate.

The harvest of alfalfa, generally considered to make the best hay because of its high nutrient levels, is forecast to be the worst since 1953, according to the USDA.

Pasture grass and hay are what most cattle are fed for the roughly two years they live before being slaughtered, but the drought is threatening to starve the animals.

Illinois rancher Steve Foglesong said that most years he could graze his cattle from spring through November on verdant fields that are now brown, buying them hay bales only in the winter. This year, he and his animals have their eyes on withered corn plants.

“It may not have any ears on it, but it makes pretty good cow feed,” he said.

John Erwin, who owns 20 acres of land in Shelbyville, Ill., said he is having trouble growing alfalfa hay, but demand is strong for what he can produce.

“I’m getting calls from ranchers as far away as Wyoming,” Mr. Erwin said. “They’re desperate.”

He said he has been offered $250 a ton for his hay, nearly double the $130 a ton in a non-drought year. His fields didn’t produce any hay in July.

A doubling of hay prices is obviously going to create quite a bit of economic hardship for many farming operations, which tend to be marginal profit businesses even when everything is going well.

Here’s another view on the hay situation:

I spoke with Caldwell [of Indiana horse rescue] and a number of other horse-rescue organizations around the country by telephone this week. The relentlessly hot dry weather, amplified in many areas by wildfire, has been devastating to farmers, ranchers and other horse owners.

“Everybody is using their winter hay now. The pastures are destroyed and they probably won’t recover before winter,” said Caldwell. “The price of hay has doubled, and the availability is down by 75 percent.”

Caldwell is somewhat sanguine about his own lot, but not optimistic about what lies ahead.

“Today the problem is not nearly as bad as it’s going to be,” he told me. “It’s terribly bad today, but it is going to get a lot worse.”

(Source)

The drought has done some very serious harm to the nation’s hay supply that goes beyond the economics of higher hay costs. First there’s the supply of the hay, and then there’s the relatively poor quality of hay that was taken from non-irrigated, drought-stricken fields. All in all, it’s not a good situation.

To add a bit more difficulty into the situation, it turns out that drought-stricken silage and even the corn itself can be harmful to animals:

Drought makes corn dangerous for livestock

Aug 16, 2012

COLUMBIA, MISSOURI, U.S. — Tim Evans, an associate professor of veterinary pathobiology and toxicology section head at the Veterinary Medical Diagnostic Laboratory at the University of Missouri College of Veterinary Medicine, Columbia, Missouri, U.S., warns U.S. farmers and livestock producers that drought-damaged corn plants can pose a risk to animal health.

“During severe drought conditions, corn plants, especially those heavily fertilized with nitrogen, can accumulate a chemical called ‘nitrate’,” Evans said.

“This chemical can be very harmful to animals, especially cattle, if they eat corn plants or other vegetation containing too much nitrate. Eating plants with too much nitrate can cause damage to red blood cells, resulting in lethargy, miscarriage, and even sudden death.”

Evans says that in normal conditions, corn crops typically absorb nitrate into only the lower 12-18 inches of the stalk, which does not have to be fed to animals. However, during severe drought conditions, high concentrations of nitrate can accumulate in the upper portions of the stalk, which cattle and other livestock often eat.

Evans also says that many naturally growing plants and weeds in grazing pastures can accumulate nitrate during drought conditions, as well. These plants include many types of grasses and some weeds, which animals might be forced to eat because of limited pasture or hay available as forage for livestock.

The key here is that nitrates are safe below 2,000 ppm but toxic above 15,000 ppm, and the levels found in the stalks and how high it travels are a function of whether enough rain fell to allow the plant to take it up. Much of the corn crop was so desiccated that the plants could not even manage to draw up this nutrient, and therefore it is safe as a feed product.

While it’s hard to get a read on at this early stage, there are enough warning signs here pointing to much, much higher grain, food, and meat prices in the future. The worry is whether there will even be enough feed to sustain the animal populations through the Winter and Spring. Given the damage to the harvestable corn, a lot of it is going to be turned into silage

Many ranchers and farmers are faced with a horrible choice here. Saving their herds may be economically unsound or even impossible where hay and safe silage are not available, and so they are selling their herds, one of the most heart-wrenching decisions anyone could have to make.

So many are doing this that recently the price for cattle has dropped, as everyone is selling into an increasingly soft market. My advice is to enjoy these low meat prices while they last, because the next stage of this story involves much higher meat prices.

The problem with understanding just how bad the hay situation might (or might not) be is that there are no national statistics collected that could tell us whether or not there’s even enough hay available to sustain the current commercial and recreational livestock populations.

The Importance of Positioning Yourself

So, with all of these repercussions building during the current drought – to which there’s yet no end in sight – what can you do today to minimize their impact on your budget and lifestyle?

Part II: Positioning for the Drought’s Aftermath looks at the likeliest outcomes in food prices, food availability, energy prices, and macroeconomic consequences (of which there will no doubt be many from this drought). We have a national food distribution system that runs significantly on a just-in-time basis, which leaves it vulnerable to price and inventory shocks when there are supply disruptions. The reduced water levels caused by the drought are handicapping electrical power generation in growing regions in the country; electrical thermal plants are the number one biggest user of water in the U.S.  The global financial markets are similarly tenuous these days, as resources are already taxed in trying to stimulate the moribund U.S. economy and dig Europe out of its massive credit woes.

This is one of those moments where taking simple, prudent steps now can have an outsized effect on preserving your quality of life.

Click here to read Part II of this report (free executive summary; paid enrollment required for full access)

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It’s not pleasant reading, is it!  But unless we all fully understand the implications of what we are doing to the planet by continuing to pollute the atmosphere, how can we embrace change!

A view from the Radical Middle

Promoting the thoughts of Per Kurowski.

A few days ago, I published a delightful story sent to me by Richard Maugham about Helga’s Bar.  It was a tongue-in-cheek look at the crazy world of finance and banking that we seem to be living in at present.

One of the regular readers of Learning from Dogs is Per Kurowski and he left a couple of comments.  The first being,

As a former ED at the World Bank, 2002-2004, living close to Washington, writing articles and being an assiduous blogger, I’ve been in the middle of many discussions about those many of the challenges our world faces. And my friend, I am sorry to say, our prospects to solve these problems, do not seem good.

One of the main reasons for that negative outlook, is that I have been able to witness how the discussion of many of these problems, no matter how urgent these are, so often get hijacked by a political agenda, or by a group that decides making a business, or a living, out of it.

If we cannot break out of this mold, unfortunately, the world is toast, and this, not only from a global warming perspective.

which was then followed up by,

By the way, I managed to sit down a prominent and important bank regulator in my chair yesterday, though he was invisible and quite silent!

I then replied,

Per, just love that. Any chance of you penning a guest post that could set the background to that video in terms that make it easy for the punter to understand?

So here is Per’s interview (sound volume is a little low) and his views.

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Paul… well here is “a brief summary of my thoughts on banks and risks”

Capital requirements for banks which are lower when the perceived risk of default of the borrower is low, and higher when the perceived risk is high, distort the economic resource allocation process. This is so because those perceptions of risk have already been cleared for, by bankers and markets, by means of interest rates and amounts of exposures.

All the current dangerous and obese bank exposures are to be found in areas recently considered as safe and which therefore required these banks to hold little capital. What was considered as “risky” is not, as usual, causing any problems. This is not a crisis caused by excessive risk taking by the banks, but by excessive regulatory interference by naïve and nanny type regulators.

And, if that distortion is not urgently eliminated, all our banks are doomed to end up gasping for oxygen and capital on the last officially perceived safe beach… like the US Treasury or the Bundesbank.

Bank regulators have no business regulating based on risk perceptions being right, their role is to prepare for when these perceptions turn out to be wrong.

A nation that cares more for history, what it has got, the haves, the “not-risky”, the AAA rated or the “infallible” sovereigns, than for the future, what it can get, the not-haves, the risky, the small businesses or the entrepreneurs, is a nation on its way down.

Per.

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You may read more from Per on his blog here, and also read Per’s Tea with FT blog!  So let me close by saying that Per’s summary seems like a blast of sanity in an otherwise crazy world!

In memory of Neil.

There will only ever be one Neil Armstrong.

Like millions of others on this planet, I was held spellbound by the historic and epic moment of man placing his mark on another heavenly body, the Moon.  I had been so wrapped up in NASA’s space missions that I took a holiday from work (I was working at the time for ICIANZ in Sydney, Australia) for the week of July 16th, 1969.

It was, of course, July 16th when the Apollo 11 Mission launched from the Kennedy Space Center culminating at precisely 20:17:39 UTC on July 20, 1969, the moment when the Lunar Module made lunar contact.

But in terms of me writing my own obituary for Neil, what could I offer?

Then a couple of items changed my mind.

Neil Armstrong (August 5, 1930 – August 25, 2012)

The first was reading the obituary printed in The Economist.  I have long admired the many, many beautiful obituaries that have been published by this newspaper and this one was no exception.  Take this extract from the Neil Armstrong obituary,

He had an engineer’s reserve, mixed with a natural shyness. Even among the other astronauts, not renowned for their excitability, he was known as the “Ice Commander”. Mike Collins, one of his crew-mates on the moon mission, mused that “Neil never transmits anything but the surface layer, and that only sparingly.” He once lost control of an unwieldy contraption nicknamed the Flying Bedstead that was designed to help astronauts train for the lunar landing. Ejecting only seconds before his craft hit the ground and exploded, he dusted himself off and coolly went back to his office for the rest of the day. There was work to be done.

Then the beautiful words that bring the obituary to a close,

Earth’s beauty

Over half a century, the man who never admitted surprise was surprised to observe the fading of America’s space programme. The Apollo project was one of the mightiest achievements of the potent combination of big government and big science, but such enterprises came to seem alien as well as unaffordable. Mr Armstrong, who after his flight imagined bases all over the moon, sadly supposed that the public had lost interest when there was no more cold-war competition.

Yet the flights had one huge unintended consequence: they transformed attitudes towards Earth itself. He too had been astonished to see his own planet, “quite beautiful”, remote and very blue, covered with a white lace of clouds. His reserve, after all, was not limitless. One photograph showed him in the module after he and Buzz Aldrin had completed their moon-walk, kicking and jumping their way across the vast, sandy, silver surface towards the strangely close horizon. He is dressed in his spacesuit, sports a three-day beard, and is clearly exhausted. On his face is a grin of purest exhilaration.

” … they transformed attitudes towards Earth itself. He too had been astonished to see his own planet, “quite beautiful”, remote and very blue, covered with a white lace of clouds.”   For that reason alone, we need to celebrate the achievement of the Apollo 11 mission for putting our own planet into perspective within the enormity of the universe.

The second item that persuaded me to write this was a wonderful historic insight into how a potential catastrophy on the surface of the Moon would have been handled by President Nixon.  This historic item was published on Carl Milner’s blog the other day, the specific item being  What if the Moon Landing Failed?  Republished with the very kind permission of Carl.

What if the Moon Landing Failed?

Posted on September 1, 2012 by 

When Richard Nixon was the President of the United States, they had a speech ready for him to deliver to the world just in case the 1969 moon landing had ended in disaster. In fact many experts believed there was a big chance that Neil Armstrong and Edwin ‘Buzz’ Aldrin could have really gotten stuck on the moon. It’s something we don’t really think about now because we all know it was such a success. American Archives have unearthed the speech that would have been delivered if the late great Armstrong and Aldrin had never made it back to earth. This is such a great piece of history that I thought I might never see.

Give it a read, It’s such a moving and well prepared speech, and such a good thing that President Nixon never had to delivered it.

So, as with millions of others, I am delighted that this speech remained unspoken and instead we experienced: “At 5:35 p.m. (US EDT), Armstrong and Aldrin successfully docked and rejoined Collins, and at 12:56 a.m. on July 22 Apollo 11 began its journey home, safely splashing down in the Pacific Ocean at 12:50 p.m. on July 24.”

Neil Armstrong’s legacy is not only being part of the wonderful team that allowed man to make the first footprint on the Moon but also bringing into our human consciousness that this blue, wonderful planet we all live on is the only home we have.

First Full-View Photo of Earth
Photograph courtesy NASA Johnson Space Center
This famous “Blue Marble” shot represents the first photograph in which Earth is in full view. The picture was taken on December 7, 1972, as the Apollo 17 crew left Earth’s orbit for the moon. With the sun at their backs, the crew had a perfectly lit view of the blue planet.

Strikes me that celebrating July 20th each year as Blue Planet Day might not be a bad idea!  Any takers?  Now that would be a legacy for Neil!

Understanding Europe!

A delightful tale sent to me by Richard Maugham.

Richard and I go back too many years!  He has been a dear friend despite the obvious hurdle that when we first met, he declared that he was a typewriter salesman for Olivetti in the UK with me admitting that I was a typewriter salesman for IBM UK!  Here’s the story.

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WHAT WENT WRONG IN EUROPE – SIMPLY EXPLAINED!

Not Helga’s Bar!!

Helga is the proprietor of a bar. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem she comes up with a new marketing plan that allows her customers to drink now, but pay later.

Helga keeps track of the drinks consumed on a ledger (thereby granting the customers’ loans).

Word gets around about Helga’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Helga’s bar. Soon she has the largest sales volume for any bar in town.

By providing her customers freedom from immediate payment demands, Helga gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer – the most consumed beverages.

Consequently, Helga’s gross sales volumes and paper profits increase massively. A young and dynamic vice-president at the local bank recognises that these customer debts constitute valuable future assets and increases Helga’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

He is rewarded with a six figure bonus.

At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS. These “securities” are then bundled and traded on international securities markets.

Naive investors don’t really understand that the securities being sold to them as “AA Secured Bonds” are really debts of unemployed alcoholics. Nevertheless, the bond prices continue to climb and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.

The traders all receive six figure bonuses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Helga’s bar. He so informs Helga. Helga then demands payment from her alcoholic patrons but, being unemployed alcoholics, they cannot pay back their drinking debts. Since Helga cannot fulfil her loan obligations she is forced into bankruptcy. The bar closes and Helga’s 11 employees lose their jobs.

Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value destroys the bank’s liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Helga’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations; her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings attached cash infusion from the government.

They all receive a six figure bonus.

The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who’ve never been in Helga’s bar……………………….!

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I can add not a single word to this!

Too hot to handle!

A stark reminder that more of the same will hurt us.

On the 14th August I published a post with the title of From feeling to doing.  The post was a 15-minute video presented by David Roberts of Grist showing, in essence, how fundamentally simple was the issue of climate change and how profound the implications if we didn’t halt the rise in the temperature of Planet Earth.

I’m not going to insert that video in this post because you can click on the link above and do that yourself.  What I will do is to draw your attention to the accompanying article on Grist under the title of Climate change is simple: We do something or we’re screwed. That article includes the slides that were in the video, such as this one:

So with that in mind, here’s what the BBC published on their news website yesterday morning,

Science advisor warns climate target ‘out the window’

Pallab GhoshBy Pallab Ghosh, Science correspondent, BBC News

One of the Government’s most senior scientific advisors has said that efforts to stop a sharp rise in global temperatures were now unrealistic.

Professor Sir Robert Watson said that the hope of restricting the average temperature rise to 2C was “out the window”.

He said that the rise could be as high as 5C – with dire conseqences.

Professor Watson added the Chancellor, George Osborne, should back efforts to cut the UK’s CO2 emissions.

He said: “I have to look back (on the outcome of sucessive climate change summits) Copenhagen, Cancun and Durban and say that I can’t be overly optimistic.

“To be quite candid the idea of a 2C target is largely out of the window.”

As the BBC points out Professor Watson is a highly respected and world renown scientist on climate change policy and is currently Chief Scientist at the Department for Food and Rural Affairs (DEFRA) and a former Chair of the Intergovernmental Panel on Climate Change.  Professor Watson was also with the World Bank and an advisor to former Vice President Al Gore.  The BBC item goes on,

Professor Watson, who is due to step down from his role at Defra next month, suggested that the Chancellor, George Osborne, reconsider his opposition to tough measures to reduce carbon dioxide emissions.

Mr Osborne has said that the UK’s ambitious targets for CO2 should be relaxed so as not to drive businesses to countries which have set themselves much lower targets.

“I would say to George Osborne, ‘work with the public sector. Work with the public on behavior change. Let’s demonstrate to the rest of the world that we can make significant progress here” Professor Watson argues that the UK and Germany should continue to take the lead in driving efforts to reach an effective international treaty.

Hurt Poorest

“If we carry on the way we are there is a 50-50 chance that we will get to a 3 degree rise,” he said.

“I wouldn’t rule out a 5 degree world and that would be quite serious for the people of the world especially the poorest. We need more political will than we currently have”.

The IPCC 2007 assessment summarised the probable impact of various temperature rise sceanrios.

It shows that the impact on human health, the availability of food and water, the loss of coastlines becomes progressively worse as the average temperature of the planet rises.

The 2C target was agreed at the United Nations Framework Convention on Climate Change meeting in 2010.

The majority of countries though prefer a lower target of 1.5C.

A number of analyses have also concluded that the 2C would be missed. The most recent was by the International Energy Agency earlier this year.

Professor Watson added that deep cuts in CO2 emissions are possible using innovative technologies without harming economic recovery.

“This doesn’t take a revolution in energy technology, an evolution would get us there.”

What I would add to this report that has been widely circulated is that while it’s natural to assume, ‘We need more political will than we currently have‘, that political will flows from the will of the people.

Take the effect of a 4C rise, as David Roberts explains,

Which is described in the Grist article as,

Here’s the edition of the Royal Society journal that came out of the conference on 4 degrees C of warming. Read through it and see if you think “hell on earth” is an exaggeration. Desertification, water shortages, agricultural disruptions, rising sea levels, vanishing coral, tropical forest die-offs, mass species extinctions, oh my. Kevin Anderson, one of the lead scientists involved, was moved to say that “a 4 degrees C future is incompatible with an organized global community, is likely to be beyond ‘adaptation’, is devastating to the majority of ecosystems, and has a high probability of not being stable.”

So come on people, get real!  Make sure that the democratic systems work and that our leaders know the sort of change that has to take place.  As the wise Professor highlighted, ‘… deep cuts in CO2 emissions are possible using innovative technologies without harming economic recovery.’  Sort of makes sense to me.  How about you?