We went dumpster diving by bicycle again and came home with $200 worth of Trader Joe’s fare.
I’ve itemized the food we got, with actual or estimated costs below.
We went dumpster diving by bicycle again and came home with $200 worth of Trader Joe’s fare.
I’ve itemized the food we got, with actual or estimated costs below.
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And what will cities look like once everyone has arrived? If we actually reach that day, when the countryside is emptied, and the flow staunched, then how will cities develop going forward? What will their margins look like? Will the slums filled with newcomers vanish? What will they be replaced with? (tagged: technologie urban design economics history technology poverty )
I can’t believe how much I enjoy the Long Now talks. Thoughtful and intelligent people, usually talking about things I happen to think are important, and interesting. I almost feel like it’s a re-invention of the oratory form. I’m glad they’ve gone to the extra effort of doing a high quality production, with decent microphones, and well illuminated speakers in front of a dark background, multiple camera angles and only occasional (but necessary) cuts to the slides on screen. Not all thoughtful and intelligent people are good orators, but I guess I’m willing to put up with some unnecessary “um” and “uh” syllables thrown in if the ideas on offer are good enough.
Michael Pollan gave a recent talk, unsurprisingly to a full house (it’s SF after all), entitled “Deep Agriculture“, which was largely, but I think not entirely, a synthesis of his previous books. The first point he made was that America’s healthcare costs, our industrialized agricultural system, climate change and the ultimately limited supply of fossil fuels are really all part of the same system of issues.
We spend roughly twice as much per capita on healthcare as do the twenty nations which have longer life expectancies than we do. A significant portion of that excess spending is on chronic “diseases of the rich” which are intimately linked to diet: obesity, heart disease, diabetes, etc. At the same time, we spend a smaller proportion of our incomes on food than any other nation in the world, and probably any other nation in history. If our cheap diet is generating high healthcare costs, then it isn’t really all that cheap.
When the Rivers Run Dry is a kind of modern, global Cadillac Desert, looking at present and future water issues around the world. I think in the end it was too ambitious, looking at too many individual situations superficially, without going into the details on how they came to be the way they are (which Cadillac Desert was able to do, since it focused only on the American West), and also without drawing enough insightful generalizations from the many different cases the author studied. It ended up feeling mostly like a dreary litany of mistakes painstakingly repeated in nation after nation, decade after decade, apparently without any learning going on. Often these projects were funded by the World Bank and other international “aid” organizations, or by powerful central governments. In both cases, the motivations often turned out to be short sighted and political or financial and had little to do with good engineering, productive agriculture, fisheries, or long term stability.
The course of defending the bondholders of insolvent institutions is not sustainable. Do the math. The collateral behind private market debt is being marked down by easily 20-30%. That debt represents about 3.5 times GDP. That implies collateral losses on the order of 70-100% of GDP, which itself is $14 trillion. Unless Congress is actually willing to commit that amount of public funds to defend the bondholders of mismanaged financials so they can avoid any loss, this crisis simply cannot be addressed through bailouts. Bondholders have to take losses. Debt has to be restructured. There is no other option — but the markets are going to suffer interminably until our leaders figure that out. (tagged: finance crisis banks investing bailout )