We’re running out of water and oil . . . (yawn).

Today, the following Associated Press article was run on page-19 of my local newspaper (the St. Louis Post-Dispatch):

An epic drought in Georgia threatens the water supply for millions. Florida doesn’t have nearly enough water for its expected population boom. The Great Lakes are shrinking. Upstate New York’s reservoirs have dropped to record lows. And in the West, the Sierra Nevada snowpack is melting faster each year.

Across America, the picture is critically clear — the nation’s freshwater supplies can no longer quench its thirst.

The government projects that at least 36 states will face water shortages within five years because of a combination of rising temperature, drought, population growth, urban sprawl, waste and excess.

“Is it a crisis? If we don’t do some decent water planning, it could be,” said Jack Hoffbuhr, executive director of the American Water Works Association, based in Denver.

Water managers will need to take bold steps to keep taps flowing, including conservation, recycling, desalination and stricter controls on development.

The price tag for ensuring a reliable water supply could be staggering. Experts estimate that just upgrading pipes to handle new supplies could cost the nation $300 billion over 30 years.

“Unfortunately, there’s just not going to be any more cheap water,” said Randy Brown, utilities director for Pompano Beach, Fla.

Truly, this is a major story; our country is running out of a critically important resource.  Combine that lack-of-water news, though with the equally unreported news that the world is running out of …

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Continue ReadingWe’re running out of water and oil . . . (yawn).

More signs of rising economic disparity

Senator Bernie Sanders writes that the American Middle Class is being decimated.  He cites some interesting numbers.  Here's a couple shockers: Robert Frank, a Wall Street Journal reporter, has detailed the lives of the rich and famous in the book Richistan. He writes that households with a net worth of…

Continue ReadingMore signs of rising economic disparity

We need to hunt down and kill Adam Smith’s Invisible Hand.

Why fear the Invisible Hand?  Because the invisible hand is evil.  As construed by those conservatives currently in power, it is the economic equivalent of the Devil.  This conclusion is going to come as a shock to many conservatives, because they give homage to the invisible hand as though it…

Continue ReadingWe need to hunt down and kill Adam Smith’s Invisible Hand.

Bush flunks the economy, but exaggerates his grades

This video and attached article is so incredibly depressing, to think that this man is the leader of our country. Did I say depressing. Maybe I meant embarrassing or horrifying.   Especially horrifying in light of the economic shipwreck that is going to happen under the not-very-learned command of George W.…

Continue ReadingBush flunks the economy, but exaggerates his grades

U.S. inequity in wealth and income at a glance

This set of charts is shocking.   It's part of a website entitled "Too Much."   Here's an excerpt from the "About" page: Each and every week, Too Much explores excess and inequality, in the United States and throughout the world. We cover a wide swatch of economic and political territory,…

Continue ReadingU.S. inequity in wealth and income at a glance