Limit Mountaintop Removal, and the World Will End…

I love this short post from James Kwak over at Baseline Scenario. "Nice Economy You’ve Got There . . ." That, I believe, was a line from Nemo in a comment long ago, on how the megabanks were holding the federal government hostage by threatening to collapse and take the financial system with them. The …

Continue reading Limit Mountaintop Removal, and the World Will End…

Black Swan Events and the Plight of Probability

Many scientists believe that climate change will increase the likelihood of extreme weather events, but will we improve our ability to understand and react to these risks? Nassim Taleb popularized the term “Black Swan” to refer to outlier events that could not have been predicted by drawing from past experience—alluding to the surprise of 17th …

Continue reading Black Swan Events and the Plight of Probability

Global Hazards in July

What is outside the envelope of natural variation? How are we framing risk? Global hazards in July, according to a NOAA report: Severe drought plagued Bolivia, killing crops and livestock. Three massive wildfires raged across Southern California. Record high temperatures and sparse rainfall in Russia, killing 40% of the grain harvest, creating huge wildfires, oppressive …

Continue reading Global Hazards in July