Slate: Baby boomers delaying retirement - It’s a myth, because retirement is bleaker than ever
Altered title for length. Read it.
Exception Not Found: Doing it Right vs Getting it Done.
Vox: Elizabeth Warren is furious over Obama’s proposed trade deal.
VOX, CEPR’s Policy Portal: The cost of delaying action to stem climate change: A meta-analysis
“This analysis concerned the cost of trying to hit the same climate target with a later start date for the policies. It showed that the cost of achieving a given target would rise by about 40%. This, however, is only one factor to consider in assessing the timing and magnitude of action on climate change.”
Economics in Plain English: Art, meet Economics.
“It’s like a Mercedes-Benz, you drive it off the lot, it loses half its value.” Cold comfort in the art photography market.
Forbes: New Mexico Considering Legislation To Sell Spaceport America.
I predicted this result was likely. Betting Virgin Galactic or SpaceX picks it up for pennies on the dollar. Just a waiting game now.
National Interest: Are Submarines About to Become Obsolete?
I suppose you could set ‘em up in shoreline parks, as they’ve done with old nukes and aircraft. I suspect a smidge too big for that sort of end.
Guardian.UK: New hopes that tar sands could be banned from Europe.
“It would be incredibly useful for responsible investors to be able to look at the carbon intensity of different oil companies’ products – to put pressure on them to reduce it, and speed the shift to a a low carbon economy.” Indeed.
Vox: Clinton Foundation’s foreign donors are exactly why Hillary’s un-campaign is so risky.
“She ought to be developing her positive message about this time, not handing critics ammunition in the form of direct financial ties to foreign governments.” There’s a disturbing level of arrogance that bodes ill for the Democrats in ‘16. Jeb has a very good shot, IMHO, and getting better by the week. Side note - I have to laugh at the news reports saying “Romney backers move to Bush” - they were originally Bush backers in the first place, waiting for his ‘nah’ in previous contests.
Vox: Another oil train explodes in West Virginia. Here’s why this keeps happening.
Oh, come on. Infrastructure, Vox. America’s rails are in worse shape - much worse shape - than America’s roads and bridges. One can walk along just about any set of rails and pull up spikes with your bare hands. I hear even the folks running the NE Corridor no longer have the technical knowhow to thaw switches in a timely manner. Tax cutting has gifted us with this situation. Now, when the same “drill baby drill” folks want to rely on the system, it fails. Nice going, politicos. No doubt you’ll lard the fix onto our backs.
Mother Jones: By Age 40, Your Income Is Probably as Good as It’s Going to Get.
“Real earnings pretty much plateau after age 40.” Gee, thanks. Continuing that youth-supremacy thing. But with larger numbers of active older Boomers? These stats will change, I guarantee it.
Oil and Gas Wells in Northwest New Mexico.
Encroaching Chaco. Bad form.
Slate: American oil - Unlike the rest of the world, it isn’t cratering.
Aha, working to lower the break-even price. Do I need to say it? They’ll be eliminating any costly environmental procedures. Wait for it. You’ll hear about contamination within three months, I’ll bet.
Guardian.UK: Germany moves to legalise fracking.
“Germany has proposed a draft law that would allow commercial shale gas fracking at depths of over 3,000 metres, overturning a de facto moratorium that has been in place since the start of the decade.” Oppose it with might and main. I should drive down south of Carslbad and do a video, so you all can see how bad it is.
TG’s Political Wire: How Jeb Bush Used Family Connections to Get Ahead.
He’s used a hell of a lot more than that - and you’ll know that if you’ve read here for any amount of time. Former Bush operatives, according to my sources, have surrounded Martinez since her campaign days.
Co.Design: How One Woman Makes Almost $1 Million A Year On Etsy.
“Now, Shaffer has a team of 15 sewers — ‘all moms,’ Shaffer says — working full-time, as well as a professional photographer. [snip] Not all the items are entirely handmade by Shaffer’s team — many, like the knitted legwarmers, socks, and gloves, are sourced wholesale from India.” The honesty’s refreshing.
Vox: Steven Brill on Obamacare, how to write a book, and the future of media.
The Atlantic: Where Have All the Construction Workers Gone?
“One morning, after waking up at 4 a.m. and doing his stretches, he had an idea. He opened the Sunday careers section in the newspaper, called on a higher power, and then closed his eyes and put his finger down on a random place on the page, deciding that whatever career it suggested, he’d pursue. His finger landed on an ad for a massage-therapy program at a local career college.” My italic emphasis. Anything in health care seems to be a good bet, as Boomers continue to face seniority.
The Atlantic: Japan’s Oldest Businesses Have Survived for More Than 1,000 Years.
Hellemanworld: Is it a blessing to be poor?
“According to the United Nations’ Food and Agriculture Organization (FAO), it would only take US$30 billion a year to launch the necessary agricultural programs to completely solve global food insecurity. Severe hunger afflicts 862 million people each year; only $30 billion could save them. Although that sounds like a lot of money, in 2008 the US bailed out Wall Street for more than 23 times that amount!” My italic emphasis. Been thinking about poverty today. Much food for thought in this article from 2012. Ignore the religious bent (if it bothers you), and concentrate on the numbers quoted. I particularly like the point that ‘poverty is the absence of choice.’
The Spectator.UK: The low sculduggery of high Victorian finance.
“... if the vision of ‘commerce encouraging virtue’ is very much on trial today, Ian Klaus certainly makes an elegant case for the prosecution.” *cough* *cough* There is no moral imperative in capitalism.
NY Times: Picasso’s Granddaughter Plans to Sell Art, Worrying the Market.
If she wants to do the most good, she should be keenly aware of the ramifications of her actions. Too many pieces, diluting the market, she won’t have the capital to accomplish all she wants.
Vox: Study - suffering at end of life is getting worse, not better.
“Take a cancer patient who has stopped eating and is writhing in pain, he said. An oncologist might recognize the person is going to die, but rather than telling the patient, he or she begins another round of treatment that causes more pain and suffering.” Medicine really needs to get on board with assisted suicide and much better end-of-life management.
SF New Mexican: Flying Star Cafe closes in Santa Fe, Bernalillo.
“She said the higher minimum wage in Santa Fe is not a factor in the closing; the lack of foot traffic around the Railyard and the still-sluggish Santa Fe economy is.” The Railyard has not performed as promised. With Flying Star gone, how long will REI last? Will the Railyard return to abandoned hulks, once again?
Further, everyone keeps talking about how “#NewMexicoTrue” is revitalizing Santa Fe. I beg to differ. The campaign is bringing more people in aggregate - that is a success, certainly - but not the right demographic. Social media is not the best spot to engage the affluent tourists that Santa Fe requires. Gallery and store owners are not impressed. Lots and lots of foot traffic, uninspiring sales for the amount of people passing through. You need big spenders, not cheap-tchotchke-buying tourists who gawp at all the expensive artwork, take selfies, leave naught but footprints and a bit of wrapper from a bargain burrito.
It’s a terrible thing when you see a fine art gallery selling postcards, keychains and gag gifts to help pay the rent. $5.00 purchases next to $50,000 artworks. Just terrible. But ya gotta do what ya gotta do.
SciAm: Penn. Gov. Bans New Oil and Natural Gas Leases on State Land.
Easier now, with lower gas prices ...