We first saw this think-piece linked on “the world’s most viewed site on global warming and climate change DENIAL” known as “Watts Up With That”.

Rather than have you patronize that site, we thought we’d offer the story up on the “world’s least-viewed site on the dollar-denominated, debt-default, deflationary death spiral; the death-stage of U.S. Capitalism; the fail of the petro-military state; the Fragment on the Machines and the end of the wage-labour and commodities-exchange system; etc.”

The green swan: central banking and financial stability in the age of climate change

Abstract

Climate change poses new challenges to central banks, regulators and supervisors. This book reviews ways of addressing these new risks within central banks’ financial stability mandate. However, integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a physical, social and economic phenomenon that is constantly changing and involves complex dynamics and chain reactions. Traditional backward-looking risk assessments and existing climate-economic models cannot anticipate accurately enough the form that climate-related risks will take. These include what we call “green swan” risks: potentially extremely financially disruptive events that could be behind the next systemic financial crisis. Central banks have a role to play in avoiding such an outcome, including by seeking to improve their understanding of climate-related risks through the development of forward-looking scenario-based analysis. But central banks alone cannot mitigate climate change. This complex collective action problem requires coordinating actions among many players including governments, the private sector, civil society and the international community. Central banks can therefore have an additional role to play in helping coordinate the measures to fight climate change. Those include climate mitigation policies such as carbon pricing, the integration of sustainability into financial practices and accounting frameworks, the search for appropriate policy mixes, and the development of new financial mechanisms at the international level. All these actions will be complex to coordinate and could have significant redistributive consequences that should be adequately handled, yet they are essential to preserve long-term financial (and price) stability in the age of climate change.

The PDF stored here on the blog– othp31.
Use your mouse and use the download-clicker thingie to get it on your drive(s).

When you’re out on the dance floor on House Nite, and you go, “whoa, this DJ is woke AF!”

Click the “play” button. There are no bugs, worms, snails, viruses, spyware, Illuminati All-Seeing Eyes, nor Octupii lurking therein. It’s just an .mp3 to play…

Observing MLK’s birthday, here is MLK in Dub, “America is Essentially A Dream.”

To the best of our knowledge the dub remix was done by a DJ on WMSE-91.7 radio, Milwaukee School of Engineering, ca. 2001-2002.

To be Submitted to all levels of local governments throughout Wisconsin during 2020-2021-2022.

WHEREAS, In 2009 the Wisconsin Legislature passed legislation included in Act 28, enabling the formation of Regional Transit Authorities, complete with the power of taxation necessary to fund their start-up and operations;

WHEREAS, In 2011, as part of Act 32, the Wisconsin Legislature passed legislation disabling the same Regional Transit Authorities, with no rational explanation or narrative for undoing what had been done two years earlier;

WHEREAS, the Wisconsin Association of Mobility Managers (WAMM) said, introducing their 2016 Legislative Priorities, “Wisconsin is the only Midwest state without enabling legislation to create these authorities. Regional Transit Authorities (RTAs) are a quasi-governmental entity that provides a governance structure for a unified transportation system and has taxing authority, therefor offering a funding alternative to property taxes;”

WHEREAS, WAMM added, “Regional Transit Authorities allow for a regional and comprehensive look at transportation. They encourage connectivity and multimodal approaches since the planning takes place with one body for the whole region. A multimodal and coordinated system improves the mobility, connectedness, and quality of life for those who are unable to drive themselves, particularly older adults, individuals with disabilities and those with low incomes;

Regional Planning Commissions in WI: Map above

WHEREAS, WAMM further noted that “Medical centers, employers, job centers, educational facilities are very often regional in nature; why should transportation be any different? Developing transportation systems requires flexibility to create innovative services that can cross municipal and county borders and account for communities of different sizes. RTAs enable this to be done in a more efficient, effective and sustainable manner;”

WHEREAS, WAMM concluded the 2016 document, “Transportation systems are a part of the infrastructure that helps people get to jobs, medical appointments, and remain active and engaged members of the community and local economy. Where there are strong systems and meaningful mobility choices, there are strong communities. People want to live and work in these communities and are seeking them out; and,

WHEREAS, Our County places great importance on our system of mobility for the populations most in need of the services that a Regional Transit Authority could provide our residents, and residents of lower-income counties in our immediate region; and

WHEREAS, Our County places high value on the principles of “sustainability,” and

WHEREAS, lack of mobility for low-income workers and retired persons is a factor contributing to their lack of “sustainability,” while Regional Transit would allow easier access to jobs, schools, health care, and basic needs;

THEREFORE, Our County calls upon the Wisconsin Legislature to quickly craft and pass Legislation once again enabling Regional Transit Authorities in Wisconsin, and “making an appropriation” to fund such;

FURTHER, that there be no limitations placed on the number of such Authorities, barring duplication of services or geographic overlap;

FURTHER, that Legislative obstacles to proceeding with near-100% renewable energy power for such RTAs be removed, keeping in mind future tightening of petroleum and natural gas supplies; and,

FURTHER, that agencies and Legislative Committees charged with overseeing transportation needs, make the creation and link-up of these RTAs into one seamless working statewide system a top priority.