As any freshman economics student should know, the Gross Domestic Product, GDP, is a measure of spending, derived from the Gross National Product, GNP, defined by Simon Kuznets during the Depression (click here for econlib). GDP is, at best, an indirect measure of wealth. The Genuine Progress Indicator, GPI, defined by Think Progress in 1995, [...]
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Tweet During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.” While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, [...]
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Tweet Earth Day, 2010, I looked to the future on Popular Logistics. In 2009, I wrote about water pollution and agricultural waste in the Chesapeake. Today I am looking at the present and recent past. While a comprehensive look at where we are can be found on the web pages of the World Watch Institute, [...]
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Sustainable Investing is a subset of Value Investing. A Sustainable Investor might pass up a bargain on an unsustainable company or a well run company in an unsustainable sector, but will do well long term and sleep well at night.
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The good news is that newly discovered bacteria biodegrade oil in the oceans, and have been chowing down on the oil spilled from the Deepwater Horizon (Earth and Sky, NPR, PBS, SFGATE) and from oil seeps for millions of years. While it’s unexpected and wonderful that bacteria are biodegrading the oil, is begs the question: [...]
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What BP and the Government Could Have Done and Should Be Doing (updated 10/7/10) The handling of the Deepwater Horizon catastrophe is a textbook study of how not to manage a crisis. The government and the Obama Administration seems to have understated the problem and ceded responsibility to BP, which seems to have acted [...]
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“If oil gushes into the Gulf of Mexico at a rate of 60,000 barrels per day, and it takes 84 days to achieve a capability of “process” the spilled oil at a rate of 30,000 barrels per day, how long does it take to “process” the spilled oil?” It takes two days to process each [...]
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Hurricane Alex has temporarily halted cleanup efforts (Reuters). Yet the oil continues to gush unabated. Using the Government’s “Improved Estimate,” 2.8 to 4.8 million barrels have gushed into the Gulf in the MONTHS since the April 20 explosion which killed 11 workers. The explosion and spill have destroyed fisheries, tourism, and profoundly disrupted the ecology [...]
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First conclusion of a series that began after Earth Day and includes Fossil Fuels and a Walk on the Moon, Drill Baby Drill or Drill Baby Oops, Magnitude, Part 1, One Month After, The Chernobyl of Fossil Fuel?, and Magnitude, Part 2. ) As I wrote on Earth Day, “In 100 years our descendants will [...]
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* Report oiled shoreline or request volunteer information: (866) 448-5816 * Submit alternative response technology, services or products: (281) 366-5511 * Submit your vessel for the Vessel of Opportunity Program: (281) 366-5511 * Submit a claim for damages: (800) 440-0858 * Report oiled wildlife: (866) 557-1401 * Medical support hotline: (888) 623-0287
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Part 6 in a Series that began after Earth Day (1 Fossil Fuels and a Walk on the Moon, 2 Drill Baby Drill or Drill Baby Oops, 3 The Magnitude, 4 One Month After, 5 Like Chernobyl?) Last month I wrote on Popoular Logistics “BP and the government say … 5,000 barrels per day is [...]
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Fifth in a series I wish I didn’t have to write (0, 1, 2, 3, 4, 5) After 42 days (six weeks) the Deepwater Horizon Well is still gushing an estimated 70,000 barrels per day. It has probably gushed around 2.94 Million barrels of crude oil into the Gulf of Mexico, about 123.5 Million gallons [...]
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Fourth in a series 1, 2, 3, 4) that began on “Earth Day” (0). Steve Gelsi at Marketwatch (click here) reports that BP is now siphoning 3,000 Barrels Per Day from the Deepwater Horizon Spill. According to research by NPR, the spill was 70,000 barrels per day. In the 30 days that have elapsed since [...]
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Third in a series (1, 2, 3) that began on “Earth Day” (0). BP and the government say they can’t measure the spill on the ocean floor. However, 5,000 barrels per day is reaching the surface and most of the oil – 80% to 90% – is below the surface. So I thnk it’s is [...]
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Second in a series (1, 2) that began on “Earth Day” (0). “In order to make Policy, you have to be good at Politics.” – Deborah Stone, “Policy Paradox” I like and respect President Obama. I think he’s a well educated lawyer and law school professor, with a good grasp of the Constitution, and the [...]
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The same messages can be communicated by signalling the letter "K" in Morse code via signal lamp. (While a proper signal lamp may be ideal, a flashlight, probably best employing red LEDs, will certainly fit the bill).
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