Debt Rattle September 16 2015
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‘Daly’ Somewhere in the South, possibly Miami 1941 • Why the Fed Should Raise Rates Now (Brad Brooks) • Volatility Seen Lingering No Matter What The F
[See the full post at: Debt Rattle September 16 2015]So Mr. Brooks asks: “How did our financial system weaken to the point where a quarter of a % increase in rates is more than it can handle?”
Here’s your answer: Because debt is a feature of the system, not a bug. Generally declining interest rates (in the US) since about 1983 underscore this reliance.
In case anyone here were thinking of cheering up – truly- there is no hope.
https://www.bbc.com/news/science-environment-34271384“How automation could benefit agriculture”
By Claire Marshall BBC Environment Correspondent“Intelligent automation now means that a dairy herd can be fed, cared for and milked by just one or two people. Robert Veitch has a dairy farm near Glasgow that uses one of the most advanced robotic milking systems in the world. It is a £1.8 million facility where 10 machines take care of 250 cattle. … But the cows aren’t out in the fields eating grass, they are kept in the shed. This is intensive farming with one objective – to produce as much milk as possible. Mr Veitch says it works. He believes that the cows are kept so comfortable that, “They wouldn’t want to go out even on a good day.” … Many farmers and policy makers now take the view that intelligent machines are more precise, efficient, and ultimately cheaper than humans: that they are the only way to help feed a growing population.”
Just. Wow. Someone forgot to put into the design, for human brains – “the neurons are supposed to connect.” And. Here we are.
Indigenous Australia Storytelling Accurate on Sea Level Rises 7000 Years Ago
Fascinating article. The Guardian published a must read article last July that adds urgency to the issue of climate driven sea level rise due to melting ice sheets, entitled “Scientists predict huge sea level rise even if we limit climate change”.
This Guardian article was based on a paper by A. Dutton et al entitled “Sea-level rise due to polar ice-sheet mass loss during past warm periods”, and opens with this extract:-
“Even if world manages to limit global warming to 2C — the target number for current climate negotiations — sea levels may still rise at least 6 meters (20 ft.) above their current heights, radically reshaping the world’s coastline and affecting millions in the process”
and ended with this extract:-
“We’re going to reach temperatures we had in the past periods in the next couple of decades. Understanding which are the most vulnerable sectors of polar ice sheets is critical to projecting future pattern of sea level rise regionally,” Dutton said.
The big outstanding question — and the one that’s most relevant to people living along the coasts — is just how long it could take sea levels to rise to such great heights. The process isn’t linear. It’s currently accelerating and that trend is expected to continue. Dutton said her group is working on new techniques to better define the rates of rise, but other efforts have shown tipping points could cause sudden, rapid rises faster than previous estimates.
“There are some recent modelling efforts that now show you could get a section of the Antarctic ice sheet, several meters worth of sea level rise, to go in a decade. We used to think it was centuries,” she said.
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