Global Warming: Which Future Do You Choose?

How urgent is global warming? This urgent, according to NASA scientist physicist and climatologist James E. Hansen:

Global warming isn’t a prediction. It is happening. That is why I was so troubled to read a recent interview with President Obama in Rolling Stone in which he said that Canada would exploit the oil in its vast tar sands reserves “regardless of what we do.”

If Canada proceeds, and we do nothing, it will be game over for the climate.

Canada’s tar sands, deposits of sand saturated with bitumen, contain twice the amount of carbon dioxide emitted by global oil use in our entire history. If we were to fully exploit this new oil source, and continue to burn our conventional oil, gas and coal supplies, concentrations of carbon dioxide in the atmosphere eventually would reach levels higher than in the Pliocene era, more than 2.5 million years ago, when sea level was at least 50 feet higher than it is now. That level of heat-trapping gases would assure that the disintegration of the ice sheets would accelerate out of control. Sea levels would rise and destroy coastal cities. Global temperatures would become intolerable. Twenty to 50 percent of the planet’s species would be driven to extinction. Civilization would be at risk.

Given that scenario, the statement "civilization would be at risk" seems an understatement. A better way to put it might be, "Civilization will be struggling to maintain itself -- if we're really, really lucky."

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So BofA Dropped Their Debit Card Fee -- You're Still Being Screwed

When Bank of America announced they were dropping plans to institute a $5 monthly debit card fee, that was a win for consumers. The fee was an end run around new banking regulations that limited the amount banks could charge merchants for processing debit card purchases. In other words, the banks took a "stop screwing people" law and applied it as a "screw different people" law. It didn't go over real well.

The move was a PR disaster and other banks that had been planning similar fees backed off as well. For now, the debit card fee is all but dead. But that doesn't mean that a "stop screwing people" law has to be taken as a "stop screwing people" law. Meet the stealth screw.

New York Times:

Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees.

...Facing a reaction from an angry public and heightened scrutiny from regulators, banks are turning to all sorts of fees that fly under the radar. Everything, it seems, has a price.

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