Economics: Enviro (mostly): Economy won't bankrupt, would only shave growth globally by 0.12 says Spotts

Christian Science Monitor carries a report by Peter N. Spotts, "Curbing global warming won't bankrupt economy -- Aggressive measures would only trim annual world growth by 0.12 percent, new report says. But will politicians go along?" (May7,2k7).

Again in CSM's environmental coverage, we face a slant. This time the slant is the opposite of the slant most recently reported from the same source, where the issue of the size of the carbon sink in the oceans, that of Arctic ice melt, and finally the explosion of the polar bear population, not its demise, in the only Arctic region where the polar bear species has been counted.

CSM offers an "Ethical Investment" feature in the form of panel discussion , "How do you tell when a firm is really green?--A panel discussion with two experts who research companies that claim to be Earth-friendly." (May7,2k7). A very engaging article that all wannabe green investors should cogitate!


CSM in an article by Mark Trumbull takes on the puzzlement, "US stock markets are hitting record highs. But why? A slowing US economy hasn't dampened Wall Street. Global markets, mergers are a buffer" (May8,2k7). Today, the Dow Jones reports a 100 point drop in yesterday's activity. But the main indicators are still holding steady with a very s-l-o-w growth in the US economy, still felt to have been caused by the massive foreclosures in the subprime housing-market mortgage industry where people have lost their homes. The Federal Reserve, on the other hand, has held the interest rates steady, no increase which would slow the economy further, no decrease which would speed things up but exacerbate the lurking tendencies toward h+ inflation of consumer prices (prices already held lower by imports most saliently from China, not by domestic USA production).