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F6

10/09/08 11:51 AM

#69003 RE: F6 #69000

The Impossible Bailout



Posted by Larry O'Hanlon on September 30, 2008 at 12:50 AM

While U.S. Lawmakers quibble over how to reward bankers and stockbrokers for their greed, stupidity and hubris, there is a far more perilous debt racking up on this planet that is utterly below the radar of most media outlets. It's the resource debt: How much humanity is consuming each year beyond the capacity of our planet to produce. Here's a nice website [ http://www.footprintnetwork.org/gfn_sub.php?content=overshoot ] which explains what this is and how we are flirting with disaster in this regard.

One of the main differences between the Wall Street bailout and the resource debt or "overshoot," as it is called, is that there are always those poor saps, the U.S. taxpayers, to fall back on when the Wall Street falls apart (just please forget all those years of Wall Street preaching to us about the nearly divine form of capitalism they practice and how it is magically self-correcting and naturally just). The resource overshoot, on the other hand, has no fall-back position. There is no other verdant planet we can pillage to make up for what we are over-consuming here. There is no wiggle room, except to squeeze harder on our less fortunate bothers and sisters, which we're already doing. No, we overuse this planet and we and lose it. Period. End of species, or at least 10,000 years of civilization.

Despite this, most folks totally ignore the matter and proceed as if this small planet has unlimited resources. What else is a Hummer owner doing? What else could a gigayacht [ http://blogs.discovery.com/deep_sea_news/2008/09/the-hummer-of-t.html ] owner be doing? What other logical end is there to the irrational "Theology of Bling [ http://www.sojo.net/index.cfm?action=magazine.article&issue=soj0701&article=070120 ]." Even worse, more and more people around the world even think it's just fine to hoard as much wealth (a.k.a. access to and control over resources) as they can. It's not fine, of course, because it only digs us deeper into the hole (besides being just plain vile and unethical). It's insane. It's disastrous. But it's going on at a greater and greater clip. It's the Tragedy of the Commons [ http://www.garretthardinsociety.org/articles/art_tragedy_of_the_commons.html ] on a global scale. This is not alarmism. It's just common sense to anyone who remembers that we live on a pale blue dot [ http://blogs.discovery.com/news_earth/2007/11/ebb-flow-of-ico.html ].

Copyright © 2008 Discovery Communications, LLC

http://blogs.discovery.com/news_earth/2008/09/the-impossible.html

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F6

10/19/08 3:50 AM

#69430 RE: F6 #69000

Shelter From the Storm

By VERLYN KLINKENBORG
Published: October 18, 2008

Last week I was in Wyoming, driving westward on the southern edge of a big winter storm. For dozens of miles, sheets of snow arced across the still-dry pavement. After a long while, I made out the welcome lights of Shoshoni. When you find yourself longing for the lights of Shoshoni — the glow of a gas station — you know the driving has been hard.

I joined a convoy of vehicles coming out of Riverton and up the hill past the Wind River Casino, which was shrouded in a nimbus of snow. We slithered along at school-zone speeds, barely 20 miles an hour. Across the highway, the drivers of two pickups climbed into the ditch to check on a car whose headlights were now pointing up at the overcast, snow corkscrewing down into the angled beams. At last, I came down the hill into Lander, where two feet of heavy autumn snow would fall in the next 36 hours.

A couple of nights later I went back to the casino — on the edge of the Wind River Reservation — for dinner with friends. I grew up in a place and a time that considered casinos wholly and entirely evil, every bit as bad as a barroom fight spilling onto the sidewalk. So I have always assumed that the gamblers do not want to be noticed, when of course it is I who want to be invisible.

After dinner, we walked through the long corridors of push-button slots called Wolf Run and Coyote Moon and Dragon’s Tale. It was a Monday night, and most of the slots were going unused, their iconography flashing past to no purpose. This is a dry casino, owned by the Northern Arapaho tribe, and there was something businesslike about the few players on hand, as if they’d stopped by to confirm their luck, or the lack of it, on the way home from work. As I was leaving I watched a young couple come in, clutching their coats about them in the cold. I found myself thinking about the storm I had been in and the feeling of risk that such storms bring. What a casino does better than anything is exclude the outside world — all but the fragments you carry within yourself.

That young man and woman looked as though the wind was hounding them indoors, as if this were escape from a blizzard, a place they could shut out the memory of whatever world they’d come from. And yet outside the wind was still, and the night sky was clear. The snow had slumped in the warmth of the day, rounding itself over hummocks of grass and low sage. The hunter’s moon that was just rising on the way to Riverton was now floating upward through the eastern sky.

Copyright 2008 The New York Times Company

http://www.nytimes.com/2008/10/19/opinion/19sun4.html