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Frogs, Logs, And The Stock Market

Last night, my daughter and I were up untilpollute streams, ponds, lakes, and oceans,
1:15AM completing a chemistry paper on thethe results are the same. Manufacturing jobs
arguments for and against global warming. Onare lost, the streams that feed
our drive to school, we talked about theeconomic-villages collapse, and business
emotion  attached  to  viewpoints.cycles fail where the ocean feeds cities.
Solomon's aphorism applies: where there is
Debate becomes an "all or nothing"no money, social structure crumbles, and
proposition. One side must be wrongstock  markets  plummet.
completely with ad hominem invective. Each
side sustains argument with seemingly logicalNot far from where I write is a popular
evidence. I suggested to Emily that we failseafood restaurant called "Woodman's". Essex
to find the middle ground within controversy,has a few "Yankee Magazine" seafood
and we forget the commitment required forrestaurants where fried clams and lobster
action-steps by relying on "talking points".feed salivating tourists every day. Folks
Most of us forget that debate is not atravel miles to stand in long lines for a
"zero-sum  game".clam plate with french fries or a one pound
lobster  with  cole  slaw.
So  what  about  the  frogs?
Two men, I know, earn their living preparing
Emily writes, "Global warming could possiblyfood at one of these eateries, another man
lead to the extinction of many species. Whenworks the clam flats year-round. Whether
the climate changes drastically, many animalsglobal warming or global pollution disrupts
cannot adapt…species are lost forever.their income, the results could devastate all
If global warming is not stopped, more than aof  them,  and  our  community.
million species worldwide could be extinct by
2050…."Former World Bank chief economist Sir
Nicholas Stern was commissioned by the
Randolph Schmid and John Heilprin in theirBritish Treasury to study the economics of
article, "Over fishing May Harm Seafoodglobal warming. Stern's credentials are
Population" do not address global warming,impeccable. His rudimentary conclusions warn
but their arguments against "over fishing"governments that global warming must not be
are  strikingly  similar.debated.
Schmid and Heilprin quote Boris Worm ofAny failure of government leadership to
Dalhousie University in Halifax, Nova Scotiareverse "the trends" could lead to "the kind
who says the data about "overof downturn that has not been seen since the
fishing…shocked and disturbed (himGreat Depression and the two world wars",
with)...trends…beyond anything wesays Britain's chief scientist, Sir David
suspected. At this point 29 percent of fishKing.
and seafood species have
collapsed…their catch has declined byThis is a formidable challenge for our global
90 percent…If the long-term trendpolitical system. In a world where consensus
continues, all fish and seafood species areis eschewed, collective decision-making is an
projected to collapse within my lifetimeobligation of every nation, tribe, and
–  by  2048."people. Will we see the collective
leadership necessary to grapple with these
Notice the date? Notice the number ofcomplexities?
species lost? All consistent with the global
warming  argument.Recent history does not encourage us. For
example, it would have cost Thirty million
So what about the logs (not the ones that[US] dollars to install an early-warning
float)?system to avoid the 150,000 deaths caused by
the Asian tsunami. Prior to this climatic
Global warming logs assert that "The averagedisaster,  governments  would  not  spend it.
global temperature has increased by about 0.5
degrees Celsius over the lastNext April, Emily and I will spend a week
century…over half of that increase hastearing-down and building-up homes in
occurred in the last 30 years. Since 1980,Slidell, Louisiana. (New Orleans is across
the earth has experienced 19 of its 20the bridge.) Original settlers built ships
hottest years on record, with 1998 and 2005and manufactured bricks within a farm and
tied for the hottest and 2002 and 2003 comingtimber  region.
in second and third", Emily and I discovered
during  our  research.Slidell is now a bedroom community for the
aerospace industry. NASA has a computer
Carbon dioxide atmospheric levels havecomplex and test site nearby. Seafood and
"remained constant at around 280 parts permeat products, furniture, chemicals, boats,
million ("ppm"). It is now nearly 380ppm, aconcrete, apparel, and machinery are all
level the earth has not experienced for atproduced  by  Slidell's  residents.
least 400,000 years." Hence, some assert,
the rising temperature of the earth…isNine major industry groups, many publicly
driven by the consumption of fossil fuels."traded companies tied together by grocery
Clearly, "This rise in temperature isstores, barbers, doctors, and movie theatres
altering the earth's climate, which iskeep this community intact. As you know,
leading to many other problems", writesSlidell suffered severe damage from Hurricane
Emily. We are losing entire ecologicalKatrina  in  2005.
communities!
Corporations and governments must face tough
Back to frogs for a moment, "Whether wedecisions or whimper regrets to constituents.
looked at tide pools or studies over theAs voters, citizens, workers, and parents in
entire world's ocean, we saw the same pictureour local and global economies, we are
emerging. In losing species we lose theobligated to challenge our children to study,
productivity and stability of entireour politicians to plan, prepare, and act,
ecosystems,"  said  Boris  Worm.while  our religious leaders pray for wisdom.
So  what  about  the  stock  market?Neglecting these issues imperils the hopes
and lifestyle of every earthly inhabitant.
The stock market is about money; in factOur choices may determine how many more
Solomon, an ancient wise man (differs fromgenerations enjoy the sight and resonant
today's "wiseacre") said, "It's ALL aboutcroak of a rotund bullfrog squatting on a log
money"  (emphasis  mine).(that floats). How will you help? Our
choices could determine the bottom line of
Whether we fish to deplete species or weevery portfolio, including yours.



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