Word: environmentalism
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But overfishing is not solely to blame. The nutrients from fertilizer runoff and sewage suck oxygen from the lower layers of the ocean, creating an environment in which fish struggle but jellyfish thrive. Since 2000, there's been such an increase in numbers of Australian jellyfish in the oxygen-depleted...
Climate change, too, is likely playing a role. As ocean temperatures rise, jellyfish are reproducing faster, and tropical species are beginning to extend their range. "It could be a big economic problem for countries like Australia," says Anthony Richardson, a marine biologist at the University of Queensland in Australia. If...
Natural disasters, oil spills, car crashes, riots, crime: anything you pay to fix will boost GDP. Helping a neighbor up the stairs, skipping work to watch your son's Little League game, strolling in the woods won't. GDP tallies the value of an item, but not the environmental cost of its production: pollution, carbon emissions or the depletion of minerals and ecosystems. "It counts napalm and the cost of a nuclear warhead, and armored cars for police who fight riots in our streets," said Robert Kennedy in 1968. "It does not include the beauty of our poetry...
Geithner has been working Wall Street too. In the middle of last week he met with a group of top bankers, including Jamie Dimon of JPMorgan, Lloyd Blankfein of Goldman Sachs and others, and told them that while they were welcome to fight his efforts, the political environment was on...
But Kagan benefited from an environment far removed from today’s climate of precipitous endowment losses and spending curtailment. Minow faces the unenviable task of reconciling shrinking spending with a period of rapid, immense change in the legal industry that has altered the way law schools operate. As...