Frogs, Logs, And The Stock Market

Last night, my daughter and I were up until 1:15AMthat feed economic-villages collapse, and business
completing a chemistry paper on the arguments forcycles fail where the ocean feeds cities. Solomon's
and against global warming. On our drive to school,aphorism applies: where there is no money, social
we talked about the emotion attached to viewpoints.structure crumbles, and stock markets plummet.
Debate becomes an "all or nothing" proposition. OneNot far from where I write is a popular seafood
side must be wrong completely with ad hominemrestaurant called "Woodman's". Essex has a few
invective. Each side sustains argument with seemingly"Yankee Magazine" seafood restaurants where fried
logical evidence. I suggested to Emily that we fail toclams and lobster feed salivating tourists every day.
find the middle ground within controversy, and weFolks travel miles to stand in long lines for a clam
forget the commitment required for action-steps byplate with french fries or a one pound lobster with
relying on "talking points". Most of us forget thatcole slaw.
debate is not a "zero-sum game".Two men, I know, earn their living preparing food at
So what about the frogs?one of these eateries, another man works the clam
Emily writes, "Global warming could possibly lead toflats year-round. Whether global warming or global
the extinction of many species. When the climatepollution disrupts their income, the results could
changes drastically, many animals cannotdevastate all of them, and our community.
adapt…species are lost forever. If globalFormer World Bank chief economist Sir Nicholas Stern
warming is not stopped, more than a million specieswas commissioned by the British Treasury to study
worldwide could be extinct by 2050…."the economics of global warming. Stern's credentials
Randolph Schmid and John Heilprin in their article,are impeccable. His rudimentary conclusions warn
"Over fishing May Harm Seafood Population" do notgovernments that global warming must not be
address global warming, but their arguments againstdebated.
"over fishing" are strikingly similar.Any failure of government leadership to reverse "the
Schmid and Heilprin quote Boris Worm of Dalhousietrends" could lead to "the kind of downturn that has
University in Halifax, Nova Scotia who says the datanot been seen since the Great Depression and the
about "over fishing…shocked and disturbedtwo world wars", says Britain's chief scientist, Sir
(him with)...trends…beyond anything weDavid King.
suspected. At this point 29 percent of fish andThis is a formidable challenge for our global political
seafood species have collapsed…their catchsystem. In a world where consensus is eschewed,
has declined by 90 percent…If the long-termcollective decision-making is an obligation of every
trend continues, all fish and seafood species arenation, tribe, and people. Will we see the collective
projected to collapse within my lifetime – byleadership necessary to grapple with these
2048."complexities?
Notice the date? Notice the number of species lost?Recent history does not encourage us. For example,
All consistent with the global warming argument.it would have cost Thirty million [US] dollars to install
So what about the logs (not the ones that float)?an early-warning system to avoid the 150,000 deaths
Global warming logs assert that "The average globalcaused by the Asian tsunami. Prior to this climatic
temperature has increased by about 0.5 degreesdisaster, governments would not spend it.
Celsius over the last century…over half ofNext April, Emily and I will spend a week
that increase has occurred in the last 30 years. Sincetearing-down and building-up homes in Slidell, Louisiana.
1980, the earth has experienced 19 of its 20 hottest(New Orleans is across the bridge.) Original settlers
years on record, with 1998 and 2005 tied for thebuilt ships and manufactured bricks within a farm and
hottest and 2002 and 2003 coming in second andtimber region.
third", Emily and I discovered during our research.Slidell is now a bedroom community for the
Carbon dioxide atmospheric levels have "remainedaerospace industry. NASA has a computer complex
constant at around 280 parts per million ("ppm"). It isand test site nearby. Seafood and meat products,
now nearly 380ppm, a level the earth has notfurniture, chemicals, boats, concrete, apparel, and
experienced for at least 400,000 years." Hence,machinery are all produced by Slidell's residents.
some assert, the rising temperature of theNine major industry groups, many publicly traded
earth…is driven by the consumption of fossilcompanies tied together by grocery stores, barbers,
fuels." Clearly, "This rise in temperature is altering thedoctors, and movie theatres keep this community
earth's climate, which is leading to many otherintact. As you know, Slidell suffered severe damage
problems", writes Emily. We are losing entirefrom Hurricane Katrina in 2005.
ecological communities!Corporations and governments must face tough
Back to frogs for a moment, "Whether we looked atdecisions or whimper regrets to constituents. As
tide pools or studies over the entire world's ocean,voters, citizens, workers, and parents in our local and
we saw the same picture emerging. In losing speciesglobal economies, we are obligated to challenge our
we lose the productivity and stability of entirechildren to study, our politicians to plan, prepare, and
ecosystems," said Boris Worm.act, while our religious leaders pray for wisdom.
So what about the stock market?Neglecting these issues imperils the hopes and
The stock market is about money; in fact Solomon,lifestyle of every earthly inhabitant. Our choices may
an ancient wise man (differs from today's "wiseacre")determine how many more generations enjoy the
said, "It's ALL about money" (emphasis mine).sight and resonant croak of a rotund bullfrog
Whether we fish to deplete species or we pollutesquatting on a log (that floats). How will you help?
streams, ponds, lakes, and oceans, the results areOur choices could determine the bottom line of
the same. Manufacturing jobs are lost, the streamsevery portfolio, including yours.