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Forty Years After Earth Day: Straight Up

Straight UpWhen “millions of environmental activists gathered on college campuses and in major cities 40 years ago for the first Earth Day, the rallies, teach-ins and organizing helped galvanize action on a historic scale — including passage of the Clean Air and Clean Water acts and creation of the Environmental Protection Agency.” Acid rain pollution, ozone-depleting chemicals, and neurological toxins are down because of these strong rules, as the chemical, auto and coal industries now like to trumpet. But the buildup of greenhouse gas pollution, which some climate physicists were worrying about forty years ago, has become a global existential crisis that has mobilized the world’s scientific community.

Center of American Progress Senior Fellow Joseph Romm, PhD, has just published a stiff drink of a book based on his work as the voice of the Climate Progress blog. In Straight Up: America’s Fiercest Climate Blogger Takes on the Status Quo Media, Politicians, and Clean Energy Solutions, Romm distills his best work from the blog and honestly describes the catastrophic path humanity is on — and the clean energy solutions that offer hope for survival.

Here are just a few insights from this wide-ranging book, which clearly separates political and media delusions from physical reality:

— “If those who are counseling inaction and delay succeed, billions of humans will suffer unimaginable misery and chaos, while most other species will simply go extinct.”

“If the U.S. media refuse to make the connection between record-breaking wildfire, drought, and heat waves and human-caused global warming, why would anyone be surprised if the U.S. public doesn’t put it as a higher priority or make the connection itself?”

America is the Saudi Arabia of energy waste.”

“The two key questions are, first, will we voluntarily give up fossil fuels in the next couple of decades, rather than being forced to do so helter-skelter after it is too late to stop the catastrophe? Second, when we do give them up, will the United States be a global leader in creating jobs and exports in clean technologies, or will we be importing them from Europe, Japan, and the likely clean energy leader in our absence, China?”

“If every day is Earth Day, then April 22 definitely needs a new name. . . . So let’s call it Triage Day. And if worse comes to worst — yes, if worse comes to worst — at least future generations won’t have to change the name again.”

What makes Straight Up work is what has made Romm such an effective blogger — these pithy quotes are backed up with sweeping policy knowledge and a mastery of the facts, from climate science to clean energy. Although I would have preferred a more deeply edited work that took the collected blog posts and refined their energy and intelligence, Straight Up is a unique resource. If you know anyone who’s ever wondered what “blogs” are all about or is confused why there are people who think global warming is such a big deal, it’s a safe bet this book will help set them straight.

Yglesias

Climate Bill Hot Spots

I’ve been watching the UK leadership debate, and it was interesting that a few times the idea that climate change is the most important challenge the world faces was tossed off and treated as an uncontroversial assertion. In the US, it’s been taking a back seat in the Senate to health care, financial regulation, and maybe immigration. But we do have a bill that should be unveiled soon, and Kate Sheppard offers a very helpful rundown of the key political questions that are still up in the air in terms of what it might look like.

Politics

Issa Admits He Has No Proof For His Conspiracy That Obama White House Is Colluding With SEC

Last Friday, the Securities and Exchange Commission (SEC) filed a civil lawsuit against Wall Street giant Goldman Sachs for allegedly selling mortgage investments that were secretly intended to fail in order to help “investors capitalize on the collapse of the housing market.” This week, Rep. Darrell Issa (R-CA) cried foul, claiming that the White House and Congressional Democrats conspired with the SEC to file the lawsuit to spur anti-Wall Street sentiment at a time when Congress is debating a new financial regulation bill.

Issa’s case is partly based on a Democratic National Committee (DNC) purchase of AdWords on Google so that the search terms “Goldman Sachs” and “SEC” returned links to the DNC’s “Wall Street greed” website. The lawsuit and the ad buy “neatly coincided,” Issa claimed. However, Google confirmed yesterday that the DNC made the purchase a full three hours after news of the lawsuit broke. “This conclusive evidence is the final nail in the coffin of this ridiculous Republican conspiracy theory,” a DNC spokesperson said.

Nevertheless, on CNN today, Issa continued with his charge. “It is a very politically motivated attack by the SEC,” he claimed. But when host Tony Harris pressed for hard evidence of this alleged White House-Democratic Party-SEC conspiracy, Issa couldn’t produce the goods and finally admitted that he has no proof:

HARRIS: What do you have? Do you have a document? Where do you get to make a claim like — What do you have?

ISSA: Look, first of all I have letters out to do discovery and I have not been given responses. [...] So do I have other proof? No. But do I have an event that occurred there? Do I have an event with the SEC that shouldn’t have happened?

Watch it:

Yesterday during an interview with CNBC, President Obama “categorically” dismissed Issa’s allegation and said he “found out about [the lawsuit] on CNBC.” “The SEC is an entirely independent agency that we have no day-to-day control over. And they have never discussed with us anything with respect to the charge that would be brought,” Obama said, adding, “So this notion that somehow there would be any attempt to interfere with an independent agency is completely false.”

Climate Progress

Earth Day 1970: That was then, this is now

A photo montage and notes of hope and despair

Anneat11yrsold-fIt was spring, 1970.  Apollo 13 had just barely made it back safely.  We were about to invade Cambodia. The Beatles had just disbanded. Men wore ties so wide you could use them for napkins, mini-skirt lengths were finally coming down. I was 11, a 6th grader, tall, lanky, nerdy, awkward, and really worried about our planet — already.  Fresh memories of the tumultuous sixties lingered in the air, as did the pollution.  It hung over DC like stale cigarette smoke.

Our assignment was to clip relevant news articles, and be ready to talk about the significance of the first Earth Day in class.  I recently unearthed my class project in storage and decided to show-and-tell, 40 years later.

Guest blogger Anne Polansky has a blast-from-the-past repost — her version of “The Wonder Years.”

Read more

Politics

Coal disaster company Massey Energy denied time off for miners to attend their friends’ funerals.

Praying 4 our minersCoal baron Don Blankenship’s Massey Energy has prevented miners from attending funerals of the 29 victims of the killer explosion at Massey’s Upper Big Branch mine in Montcoal, WV. Massey has taken steps to keep up the mining in the grief-stricken community. The “threat of job loss” from Massey’s non-union mines, “be it spoken or simply understood — has created a culture of fear in some corners of Southern West Virginia, where coal is the only real industry, and Massey is king of the hill”:

Massey Energy, the Virginia-based coal giant that runs the Upper Big Branch Mine, has denied time off for miners to attend their friends’ funerals; has rejected makeshift memorials outside the mine site; and, in at least one case, required a worker to go on shift even though the fate of a relative — one of the victims of the April 5 disaster — remained unknown at the time, according to some family members and other sources familiar with those episodes. In short, the company might be taking heat for putting profits and efficiency above its workers, but it doesn’t appear to have changed its tune in the wake of the worst mining tragedy in 40 years.

“They told my husband, ‘You’ve got a job to do and you’re gonna do it,’” the wife of one Massey miner told the Washington Independent’s Mike Lillis, referring to the funerals he’s missed this month for friends who died in the blast. “What else are we gonna do?”

Update

Massey’s board has hired a politically influential Texas public relations firm to manage the increasing criticism for putting coal profits above principles.


Update

,Massey spokesman Troy Andes tells the Washington Independent: “We know of no instances when miners were denied a request to attend a funeral.”


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Alyssa

True Love

I’ve always thought it was too bad that more of the stars of Buffy didn’t go on to have wildly successful careers.  I’m very happy for Alyson Hannigan and David Boreanaz, of course, but I always regretted that Sarah Michelle Gellar apparently decided horror was basically it for her, and have missed Nicolas Brendon and Emma Caulfield quite a lot (I’ve always wondered how much the latter’s quite conservative views stymied her career.  I don’t think those things are a barrier if you’re already established, but I imagine they might have some impact if you’re an actor on the cusp).  Fortunately, Caulfield’s back, with an indie that looks quite sweet:

I do think an obsession with romantic certainty is probably really bad for us as a society, though I’m less sure about the impact, whether positive or negative, of dating websites.  I do think it would be pretty frightening to live in a world with less spontaneity, and this low-key way of exploring that idea is interesting.

Health

Are Health Insurer Profits Really Only 4% Of Total National Health Costs?

Over the past year, as health care premiums have skyrocketed and more Americans became uninsured, the profits of the health insurance industry have soared. WellPoint — the nation’s largest insurer — “posted an eightfold increase in profit for the fourth quarter,” and UnitedHealth recently reported that it’s first quarter profits increased by 21%. Insurers and their representatives, however, continue to insist that their earnings make up only a tiny fraction of overall health care spending and argue that policy makers should focus their cost containment efforts on other industries.

During Tuesday’s hearing before the Senate Health, Education, Labor, and Pensions Committee (HELP), AHIP President and CEO Karen Ignagni explained that “according to government data — just to level set — we’re 4% of national expenditures. The profits of our industry, according to Fortune Magazine…in 2008 were roughly 2%. In 2009, were about 3.2[%]. That’s where we are relative to other stakeholders in the health care sectors that have 3 and 4 times those levels,” Ignagni said.

But at that same hearing, Michael McRaith, Director of the Illinois Department of Insurance, argued that insurers have a certain level of discretion in how they report their profits and could manipulate the books to show lower figures:

McRAITH: We regulate insurance companies at the low-end of their capitol levels. We do not regulate what is too much capital or surplus. A company can decide that surplus is not profit. So when a company tells you it’s making 2.2% profit, what it’s telling you is that the discretionary decision that’s been made about how to report that number — it is not a reflection of capitol received or the financial strength of that individual company, necessarily.

Watch a compilation from Tuesday’s hearing:

As one former CFO of a major insurer explained to me, all insurers are required to maintain “incurred but not reported” reserves (IBNR) and they use actuarial statistics to “guestimate” how much of that premium is “reserved” for future claims that have not yet occurred and/or not yet reported over the expected term of the policy, and how much of the remaining premium portion is designated to the margin “from which expenses are deducted.”

“Insurers report their reserves to State Insurance commissioners annually who review them to gauge the financial soundness of each insurer. While actuaries have well defined methods for computing these reserves, there is always a bit of wiggle room. And I suspect that ‘wiggle’ is what McRaith is talking about. And the risk here is where insurance commissioners can lean towards consumers or towards insurers when assessing the adequacy and accuracy of reserves. Overstating reserves understates earnings and vice-versa,” the CFO said.

In other words, insurers are only as rich as their comparison. As Sen. Jack Reed (D-RI) explained during the hearing, “profit [earnings as a percent of revenue] is one measure, but return on equity is another measure. You can compare them not only to device makers, and other parts, but if you compare them to the manufacturing sector, insurance is doing pretty good I think. So it’s all the point at which you’re comparing.”

Yglesias

Higher Taxes: The Solution to Obscene Wall Street Profits

Ezra Klein uses some charts and graphs to demonstrate how profits and compensation have skyrocketed on Wall Street, and concludes:

The Dodd and Frank bills are not about changing how the financial sector works so much as changing how it’s regulated. And there’s a real need for regulation modernizing the powers of regulators, so that’s not necessarily a bad thing.

But the question is whether that’s a sufficient thing. Whether we also need legislation that is decidedly not in the financial sector’s best interest. Legislation that brings down their share of total domestic profits and forces down their relative wages and makes it less lucrative for smart college graduates to rush into investment banks. Legislation that leaves firms that are smaller and easier to unwind and that doesn’t offer massive rewards to people who develop complex and untested products and then sell them to other people who know even less about them. A financial industry, in other words, that looks more like the one we had after the Great Depression than before.

I don’t really understand this progressive passion for trying to micromanage the structure of the American economy. Consider two problems:

— Financial institution failures that cost taxpayers billions.
— Run-amok income inequality.

The policy response to the first is “regulation modernizing the powers of regulators.” And the policy response to the second is higher taxes to finance more and better public services. Is there really some third problem that trying to make Wall Street less profitable addresses? At the end of the day, insofar as people want to entrust their money to greedy risk-taking bankers, I would rather have those bankers be located in New York and paying taxes to the IRS that finance great schools and shiny new mass transit systems than have the bankers be located in Zurich and financing their schools and transit systems.

A financial system that poses systemic risks is a threat to the whole economy, and that’s what this legislation addresses. Inequality and the absence of social justice is also a big problem, but I think it’s a problem you address through taxes, transfers, and public services not through financial regulation.

Politics

American Family Association: Government is more dangerous than al Qaeda, Tim McVeigh’s terrorism.

Rep. Michele Bachmann (R-MN) at a PrayercastThe American Family Association, a powerful Christian hate group known for its homophobia and grassroots lobbying campaigns, used the anniversary of the Oklahoma City bombing on Monday to declare that “government” is “a larger, more insidious threat to America” than terrorists like Timothy McVeigh or al Qaeda:

If a radical homegrown terrorist group attacked the United States, following after the example of Timothy McVeigh in Oklahoma City, it would be horrible, outrageous. If Al Qaeda managed to attack us again, killing thousands of people, the nation would be devastated, saddened and enraged. However neither of these terrible events would affect the existence of America. Big government, on the other hand, is set on destroying the individual on which America is built. [...] Radical anti-government groups are not taxing Americans into oblivion, running $1 trillion deficits as far as the eye can see, or forcing others to acquiesce to their whims on healthcare; however, big government is guilty of all of the above.

Last month, AFA bloggers wrote that federal employees “can be shot” for passing health reform, which they termed a “MussoliniCare bill.” While the views of the AFA are certainly fringe, the influence AFA enjoys within the Republican Party is widespread. During the health reform debate, Republican lawmakers joined with AFA representatives for a “Prayercast” to kill the bill. Top Republican legislators, from both the House and Senate, often appear on AFA affiliated radio to attack President Obama and concoct conspiracies about his agenda.

Yglesias

Cloture Filed

Harry Reid has filed for cloture on the financial regulation bill. All 41 Republicans indicated about a week ago that they’re prepared to filibuster and prevent it from being taken up for consideration. But more recently, key Republicans have indicated that they’re near a deal with Chris Dodd. By setting the clock running, Reid ensures that either Republicans need to work something out over the weekend or else all 41 are going to have to go on record as blocking efforts to crack down on Wall Street abuses.

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