“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets."Research team suggests European Little Ice Age came about due to reforestation in New World
(PhysOrg.com) -- A team comprised of geological and environmental science researchers from Stanford University has been studying the impact that early European exploration had on the New World and have found evidence that they say suggests the European cold period from 1500 to 1750, commonly known as the Little Ice Age, was due to the rapid decline in native human populations shortly after early explorers arrived.Limits to Growth – Forty More Years?
But some say that if our empirical measure of growth is GDP, based on voluntary buying and selling of final goods and services in free markets, then that guarantees that growth always consists of goods, not “bads.” This is because people will voluntarily buy only goods. If they in fact do buy a bad then we have to redefine it as a good! True enough as far as it goes, which is not very far. The free market does not price bads — but nevertheless bads are inevitably produced as joint products along with goods. Since bads are un-priced, GDP accounting cannot subtract them — instead it registers the additional production of anti-bads (which do have a price), and counts them as goods. For example, we do not subtract the cost of pollution as a bad, yet we add the value of pollution cleanup as a good. This is asymmetric accounting.Ex-Marines Fight Pirates in World Shipping Lanes
About 1,000 former Royal Marines will be deployed by a British company next year to protect oil tankers and other vessels transiting the world’s most dangerous shipping lanes off East Africa.Norwegian Polar Institute: The Arctic Sea may be free of ice in ten years
Protection Vessels International Ltd. will add about 250 guards to its existing force of 750, said Managing Director Dom Mee. PVI is providing security for about 180 ships and has a 50 percent market share. An estimated 17 percent of ships in the Indian Ocean will have armed ex-marines next year, compared with 15 percent now, Mee said.
NPI measurements made by moored sonars show a dramatic reduction in the fraction of ridged sea ice, compared to the 1990s. The vast fields of ridged ice thicker than 5 m, constituting 28 percent of the winter Arctic sea ice cover during the 1990s, is nearly gone.Arctic temperature anomalies September 2011
At the end of winter in 2010, ice thicker than 5 m constituted only 6 percent of the total ice mass observed.