Morning Papes

August 28th, 2012 at 7:19 am

Lots on the conventions, of course, but not a lot new there from an OTE perspective.  I’d summarize the platforms thusly:

Rs: Markets rule.

Ds: Markets rule, except when they fail.  Then there’s a role for government.

There…I just saved you a lot of viewing time.

 

OK, this is a tough read about the historical magnitude of the ice melt in the Arctic, but again, not particularly surprising.  Two points:

–the warming effects self-reinforce: less ice, warmer seas, less ice; less ice, more white:

Diminished ice means there would be a smaller expanse of white reflecting sunlight back into space. That could accelerate warming in the Arctic, increase sea surface temperatures and lead to the melting of a major ice sheet, such as Greenland’s, which could raise global sea levels.

–note that while some might view this trend as a signal to try to lower the amount of carbon in the atmosphere, others view it as an opportunity to open new shipping lanes to more drilling.

 

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2 comments in reply to "Morning Papes"

  1. foosion says:

    The real story is that the Rs claim their platform is “markets rule” but their actual policies support massive government intervention on behave of the rich and powerful.

    Look at patent monopolies, which transfer hundreds of billions each year to pharmaceutical companies and other holders of government enforced restrictions on competition. Look at monetary and foreign exchange policy, which favors the same interests over the interests of ordinary workers. Look at licensing restrictions, which benefit the few at the expense of the many, raising prices and restricting competition.


  2. readerOfTeaLeaves says:

    Rs: Markets rule.

    Ds: Markets rule, except when they fail. Then there’s a role for government.

    An ‘economical’ synopsis, indeed.


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