In the United States of America, unfortunately we still live in a bubble of unreality. And the Category 5 denial is an enormous obstacle to any discussion of solutions. Nobody is interested in solutions if they don’t think there’s a problem. Given that starting point, I believe it is appropriate to have an over-representation of factual presentations on how dangerous it is, as a predicate for opening up the audience to listen to what the solutions are, and how hopeful it is that we are going to solve this crisis.
Which, of course, reminds me of this one NOAA’s Steven Schneider:
We have to offer up scary scenarios, make simplified, dramatic statements, and make little mention of any doubts we have. Each of us has to decide what the right balance is between being effective and being honest.
Update: Here is a question: If Al Gore purposely exaggerates the problem to increase the value of his investments in global warming and carbon trading companies, how is he any different from what,say, the folks at Enron were accused of?
I say continually that he should be referred to the SEC for puffing his own stock. Let alone be put in the stocks
I say continually that he should be referred to the SEC for puffing his own stock. Let alone be put in the stocks
If you characteristically fail to think critically, how does it make you different than ass-raped former Houston office director of yours who ran Enron?
The director of Enron was doing his duty to his stockholders. He was attempting to maintain liquidity during a credit crisis – if confidence had gone up, rather than down, he would have been lauded for saving the company. The accounting was neither unique nor even exceptional; virtually every publicly traded corporation in the US, because there are no federal regulations on how accounting must be done, play with their numbers to try to keep confidence as high as possible – because if they fail, if confidence in the company disappears, they’ve effectively lost the company. (They did nothing Bear Sterns didn’t do as it approached its own demise at the hands of a liquidity crisis, and nobody is calling foul there. The only difference is that the law turned its eyes on Enron, and several employees panicked.) Enron, and its executives, were merely scapegoats for California’s misregulation of its energy supply.
TCO,
You should probably read this article.
A Moral Stain of a Punchline
And this one too
5th Cir. to Hear Skilling’s Enron Appeal
I think Skilling is an offense to real thinking. He and the McKinsey Houston office got all blathery with their blather and contributed nothing to real consideration of finance. You can learn more reading the side bars in Brealey and Myers in the bathtub, than you can listening to middlebrows tout securitization.
Well Gore has just obliquely invoked Godwin’s law – http://www.breitbart.com/article.php?id=D8VOM5J00&show_article=1 – an article on Gore’s new advocacy campaign:
“like stopping fascism in Europe in WWII” – wow, just wow. Gore isn’t stupid enough to directly compare his adversaries to Nazis, but this comes damned close.
AlGore needs to be exposed for the fatass scientific fraud that he is.
What a massive insidious joke. Some amateur divinity/journalism/law school flunkie thinks he can control economies via scientific fraud.
Heil Gore! Seig Heil!
Oh, and yeah, Gore could easily go to jail for his Apple insider trading.