I have three stuffed animals at home that I hide when I expect visitors. (Guys don’t do stuffed animals.) But my fuzzy critters serve a purpose. Four years ago, I destroyed my living room TV set by throwing a beer bottle at it in anger and frustration. I had been watching Lou Dobbs.

So, for years, I have been throwing stuffed animals at Lou instead of beer bottles. But now I need throw them no more. Lou no longer haunts my 7 p.m. viewing. He quit his CNN program in a multi-syllabic huff this week. CNN’s venerable, respected chief national political correspondent, John King, will take over in January. I’m sure I won’t have to throw stuffed animals at Mr. King.

But I once considered Lou venerable and respected. He’s a Harvard grad, y’know, a self-touted intellectual giant in matters of finance and economics. That’s why I began watching him years ago. I learned from him things I did not know. But for the past few years, Lou has only taught me the face of intellectual arrogance, bigotry, and unexceptional reporting masquerading as “advocacy.”
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When it comes to managing money, some people have lawyers, some have accountants, and some have financial advisors. Me? I have a money fairy.

The money fairy came to me in 1986. I was at a yard sale in Tennessee, and stumbled upon a plastic egg that was marked at $5. That seemed a little stiff, but when I shook it, something rattled inside (an original Constitution maybe?) so I gave the seller five dollars, and she gladly handed over the egg, then took off at a flat sprint. Later that day, when I finally got the egg open, the money fairy came out. Full Story »

If you were a newspaper subscriber last year, there’s a 10 percent chance you aren’t this year.

That’s because paid circulation of daily newspapers nationally fell more than 10 percent from a year ago. Some papers suffered truly horrendous daily circulation losses: the San Francisco Chronicle (down 25.8 percent), The Boston Globe (down 18.5 percent) and The (Newark, N.J.) Star-Ledger (down 22.2 percent), reports Rick Edmonds on his Poynter Biz Blog. USA Today, hit by a slump in travel, fell nearly 18 percent. The circulation of 400 daily newspapers has fallen to only 30 million readers.

This hemorrhaging of circulation — the worst ever — will have serious consequences. Expect newspaper staffs, already slashed below the minimum necessary to adequately cover their turf, to be cut further. Expect more shallow, one-source stories. Expect more stories laden with anonymous sources because the poorly paid, younger, inexperienced reporters left on staff won’t have the skill to persuade sources to speak on the record. Expect more wire-service content because local stories won’t get done. Expect corporate newspaper management to continue to stall on finding a business model that enhances the public-service mission of journalism. Expect more style than substance.

Just expect less of what good newspapers used to be. Full Story »

Imagine that in a few years you wake up to news reports on the radio that your town is under a flash flood watch. The ground has been so baked by the recent drought that water can’t soak in, and so the pounding rain is just flowing off into streams and filling low-lying areas.

What’s worse is you’ve got a pediatrician appointment today for both of your kids – their asthma is acting up and the drugs aren’t working as well as they should be. Furthermore, your son is still recovering from a case of malaria he picked up, probably from a mosquito bite he got during the pee wee football game by the reservoir a couple of months ago. At least the rains will damp down on your environmental allergies some today. Better rain, even flooding, than the dust storm that blew through the area a couple of weeks ago. That caused several major pileups and fouled up ventilation so bad that some of the buildings downtown are still closed..

As you pull together breakfast for the family, there’s no milk because it’s too expensive. Full Story »

• Tipping points will be difficult to identify
• U.S. Chamber of Commerce President complains about environmentalists
• Barrels instead of bottles
• Ocean acidification to turn parts of the Arctic Ocean corrosive by 2018
• El Niño and its relationship to ocean heat content

Is the Earth’s climate approaching a critical transition, aka a “tipping point,” beyond which major and largely unpredictable climate changes are guaranteed to occur? At this point, scientists do not know the answer to that question. A study published in the journal Nature aims to explain the mathematics of critical transitions beyond just the Earth’s climate and in the process, determine if there are early-warning signals that indicate when a complex system is about to undergo a critical transition.

According to the paper, every complex system, whether it be climate, asthma attacks and epileptic seizures, or systemic crashes in financial markets, exhibits the same basic precursor signs of a tipping point, at least mathematically speaking. Full Story »

After a similar attempt resulted in civil war in Madagascar, the South Korean government bought 1,000 sq km of land in Tanzania for use in agriculture.  Mindful of the politics involved, the South Koreans are setting aside half of that land for local development.

To quote from a recent BBC article:

Lee Ki-Churl, a corporation official, said he expected Tanzanians to benefit from the deal. “Some African countries export fruit and import fruit juice, or export olives and import olive oil, simply because their past colonialists did not teach them how to process food,” he told the AFP news agency. “We plan to set up an education centre for Tanzanian farmers in the food-processing zone in order to transfer agricultural know-how and irrigation expertise to them.”

I think it is both patronising and ignorant to assume that Africans don’t farm the way modern western farms operate because they are uneducated.  This almost seems to imply that Africans are too stupid to help themselves. Full Story »

Mr. President, Mr. Vice President, Speaker Pelosi, Majority Leader Reid, Senator Bennet, Senator Udall, Representative DeGette:

As we all know, the nation has been alive with discourse of all flavors over the current state of the health care system and the insurance industry. Recently, Senator Baucus has brought forth his proposal, dubbed by some critics (rightly so, in my opinion) the “Insurance Industry Profit Protection and Enhancement Act.”

Please listen: The very reason we need the government to intervene is because millions of us have a Sword of Damocles hanging over our heads. Private industry has already proven that it cannot be trusted to look out for its bottom line and simultaneously safeguard and maintain the health of the American people, even if some of us are misguidedly rallying in the streets against our interests at the urgings of their preferred Chicken Littles of media and industry.

It is my belief that what needs to be accomplished is the affirmation of every American citizen’s right to a basic level of health, security and well-being above a private company’s right to make a profit, which it currently does in part by conveniently discounting and disregarding its customers’ human rights at its whims. Private insurers need to know, as my mother would say, that “your rights stop where another one’s starts.” Full Story »

You’re honey child to a swarm of bees
Gonna blow right through you like a breeze
Give me one last dance
Well slide down the surface of things

You’re the real thing
Yeah the real thing
You’re the real thing
Even better than the real thing

- U2

Fantasy stories, myths, legends, tall tales, fairy tales, horror, all these have been with us for a very long time. Science fiction, as well, has been with us since Mary Shelley found herself in a bet with Lord Byron about the possibility of writing a new kind of horror, one not grounded in the gothic.* So the presence in our popular culture of stories based in unreality of one form or another is certainly nothing new.

It seems to me that there’s been a lot more of it lately, though. Full Story »

For 20 years, bureaucrats in Brussels have monitored the curvature and shape of more than 40 types of vegetable and fruit. 

Rule-makers claimed that this protected European consumers from poor quality, but it is hard to argue that a lump on the side of a potato alters its flavour or nutritional value in any way.  A welcome respite came on 1 July 2009, when 36 classes of produce were deregulated.

European risk-aversion is built on the complacency that comes with good fortune. Companies have accepted high taxation, used for social entitlements, in exchange for protectionist agreements.

The credit crisis has exposed an interdependency that confounds unemployment targets, raises prices, and leaves state finances mightily exposed to the experiences of a small number of national champions. Full Story »

Prolific book and op-ed writer Michael Lind is a senior fellow at the New America Foundation. He’s been described as a “recovering conservative,” though it’s difficult at times to determine whether he’s just trying to present the viewpoint of conservatives or he’s speaking in his own voice.

Whichever the case, his intuitive understanding of how the conservative mind works is invaluable. Think of him as politics’ equivalent of a pro football player who signs with another team and shares his former team’s plays with his new coaches. Full Story »

Yesterday over at Future Majority, Kevin Bondelli responded to Jack Hough’s New York Post column “Don’t Get That College Degree!” Bondelli’s take led with one of the more terrifying titles I’ve seen lately: “Has College Become a Bad Investment?” Yow. When you dig the hole so deep that you can even use that kind of question as a rhetorical device, you kthisnow you’re in some deep, deep kim-chee. Seriously. That one ranks right up there with “Is breathing really a good idea?” and “What are the lasting benefits of a howitzer shot to the balls?”

Snark aside, Bondelli does a nice job of addressing Hough, who “argues that the increase in lifetime wages for graduates no longer makes up for the financial burden of university education and the ensuing student loan burden.” He also takes on one of the GOP’s most successful and devastating canards, explaining that Full Story »

by Jennifer Angliss

My city, like many other municipalities these days, has a bit of a budget crunch. Expenses exceed income and so cuts must be made. One of the first things my city cut was the flower pots that decorate major intersections in the summers. To me, that seems like a reasonable cut. Yes, the flowers are beautiful. But they cost $20,000 per year (including water and labor costs). And at the same time, our library is struggling with its budget and has a hiring freeze, even with several open positions. In my opinion, if you’ve got an underfunded library it’s not wise to spend taxpayer money on flowers.

In the end, the Rotary Club took up the cause and donated money for the planters. Wonderful, I say. We get to keep the flowers without spending very much city money on them. They are still watered and tended by city workers who have been reassigned from jobs like weeding and picking up litter, but the bulk of the expense has been shouldered by the Rotary Club and private citizens.

However, (you knew there was a however coming, right?) I am a bit concerned about the attitudes of my fellow citizens on this. Full Story »

A modest proposal, perhaps.

It’s been entertaining watching American public “discourse” since the election. (I use that word in its broadest, most ridiculous sense, since nothing that hinges so completely on self-absorption, rank ignorance and pathological dishonesty can be accurately characterized by such a noble word. But indulge me. I’ve been working on my irony lately.)

On the one hand you have conservatives fainting dead away that we’re now in the clutches of a “socialist” president. Never mind that these folks wouldn’t know a real socialist if he was gnawing their balls off. Never mind that most of these folks think “socialist” is the French word for Negro. Never mind that Obama demonstrably is to socialism what Joe the Plumber is to brie-sucking Northeastern intellectualism. As arch-conservative TV pundit Stephen Colbert says, “this is a fact-free zone.”

On the other you have the righteous outrage of the progressosphere, which feels six different kinds of betrayed by a president who promised them the moon and stars and has now left them to what looks like at least a four-year walk of shame. If I might borrow from an old fraternity joke, imagine the following scene from the Oval Office: Full Story »

• Early deaths cost Appalachia more than coal jobs earn
• Emission of strong GHGs exceed IPCC emissions scenarios and expected to continue to do so
• Raytheon testing oil shale tech to sequester CO₂

Appalachia has some of the most impoverished communites in the United States. The entire region is economically depressed as compared to the national average. But coal communities in Appalachia are even worse off than the rest of the region, a fact that runs counter to the idea that coal jobs support local communities. A new study out of the Institute for Health Policy Research at West Virginia University and published in Public Health Reports looked at this discrepency and found that, even using conservative assumptions, the economic costs of coal mining in Appalachian communities far outweighed the benefits from having a coal mine in the community. Full Story »

• Study says offsets make ACES carbon cap almost meaningless
• China rejects binding GHG cuts
• USGS study suggests peak coal may be closer than previously thought
• FutureGen coal CCS pilot project revived
• EU needs to upgrade its electricity transmission
• Deep water wind turbine undergoing testing
• More wind power means fewer hydroelectric dams?

Michael Shellenberger is one of environmentalism’s persona non grata de jour. He and Ted Nordhaus founded the Breakthrough Institute in order to push for technological solutions to environmental problems instead of policy solutions that both men have argued are doomed to failure from the word “Go.” This was not exactly a popular thing to say in the halls of Congress or around the water cooler at any number of large environmental organizations dedicated to creating policy solutions.

An analysis of the American Climate and Energy Security Act (ACES) by Shellenberger and Jesse Jenkins, Breakthrough’s Director of Energy and Climate Policy, found that the offset provisions of the legislation are so loose that they essentially make the carbon cap portion of the ACES-defined “cap-and-trade” system almost meaningless. Full Story »

Salaries at newspapers are rising, reports Jennifer Saba of Editor & Publisher, a newspaper industry trade journal. But it’s not necessarily good news for would-be journalists looking to break into an industry beset by revenue problems.

Newspaper wages rose 2.1 percent from 2008 to 2009, reported Ms. Saba, based on the annual Newspaper Compensation Study by the Inland Press Association using data from 400 U.S. and Canadian papers.

But the folks getting the raises, up to 13 percent for “interactive producers,” are not the people producing the raw content — news stories.
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The New York Yankees earned some well-deserved criticism in the off-season when they spent a bazillion dollars on CC Sabathia, AJ Burnett and Mark Teixeira and then started charging admission at the new Taj Mahal Yankee Stadium that was so exorbitant that Donald Trump couldn’t afford a seat in the lower deck. Such excess, it was felt, was inappropriate during times of extreme financial hardship such as those the nation is enduring right now.

Well, move over Hank Steinbrenner. Just a few days ago Spanish futbol superpower Real Madrid ponied up a £59M transfer fee to pry Brazilian midfielder Kaka loose from AC Milan. If you don’t have your currency calculator handy, that’s roughly $94M US. And to be clear, that figure does not include salary. That’s just Milan’s take on the deal. The good news is that Kaka’s weekly earnings probably won’t come to more than the GDP of a mid-sized European country. Full Story »

I’d like to thank President Obama for giving me a $400 payroll tax cut. I’d sure like to help out with the economic recovery.

But that tax cut, thanks to 41 consecutive days of gasoline price increases, now amounts to only $150. Figuring my local commuting habits and trips to visit family and friends, I’ll pay about $700 to fill up my little Scion for the rest of the year at the current national average of $2.62 a gallon. I’ll be spending about $250 more at this price than I would if gasoline had remained near the December average of $1.62.

If the price of gasoline rises more (wanna bet?) over summer, I’ll be handing even more of my payroll tax cut to Big Oil.

So why the sharp, 62 percent increase? Why did the “experts” who are supposed to understand gasoline and oil markets get it wrong? Journalists have indeed been telling us the “experts” were wrong and what factors have been driving gasoline prices higher — but not why the “experts” erred in missing those factors.
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Four years of college seems an appropriate time for the leavening of the young. They arrive on campus in various states of glee, fear, confusion, and hope. Four years later, many, perhaps even most, walk confidently across a stage to receive a diploma from the college president. Society is thus assured that these young men and women are capable of wisely voting, serving on a jury, and holding down a job.

College is 120 credits: That’s eight semesters at 15 credits per semester, and don’t let the door hit you on the way out. And it’s pricey: For the academic year just ended, public four-year colleges charged for tuition and fees, on average, $6,585 (up 6.4 percent from last year), and private four-year colleges cost $25,143 (up 5.9 percent from last year) for the same. Now add up to $10,000 for room and board. In a recession, that’s tough for many students and their families to afford.

Hence the recent surge in colleges touting three-year degrees. Save money, they promise. Get a head start on life, they say.

Don’t bet on it. Three-year degrees short-change both the student and society.
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by Anam

Been a long hard week. All around the college where I work as a benefits coordinator, programs are out of funding for the summer. Financial aid is strained to the breaking point by the influx of new students. Students come flooding in for vocational training designed to switch them out of their now-defunct line of work.

Worker retraining can pay for tuition, but not books. What program offers to pay for childcare? Can I qualify for financial aid if I worked most of last year? I have to stay in school to keep my food stamps; who has grant money? I field a dozen phone calls a day from students trying to find a way out of the current economic situation.

Trying to find a program to help each student is taxing at best and on bad days it is heartbreaking. Our state is broke and our social service safety net gets more threadbare each month. Full Story »