Adam Fier recently sold his home, got rid of his car and pulled his twin 6-year-old girls out of elementary school in Montgomery County. He and his wife packed the family’s belongings and moved to New Zealand — a place they had never visited or seen before, and where they have no family or professional connections. Among the top reasons: global warming.
Adam Fier, wife Misbah Sadat and daughters Maya and Maha moved to New Zealand partly out of climate concerns. (By Leah L. Jones For The Washington Post)
Halfway around the world, the president of Kiribati, a Pacific nation of low-lying islands, said last week that his country is exploring ways to move all its 100,000 citizens to a new homeland because of fears that a steadily rising ocean will make the islands uninhabitable.
The two men are at contrasting poles of a phenomenon that threatens to reshape economies, politics and cultures across the planet. By choice or necessity, millions of “ecomigrants” — most of them poor and desperate — are on the move in search of more habitable living space. Continue reading →
The current system of parliamentary democracy is showing deep cracks. These cracks have become visible through the global financial crisis in 2008.
It is now possible for governments to behave totally irresponsible and thereby sending the globe into economic crisis. But the crisis also has another important aspect, the violation of confidence. This first occurred when banks could not trust each other anymore, so all lending stopped. This caused total paralysis of the financial system, which as a result has caused substantial damage to the economy.
Professionals in the financial sector have been warning since 2006 of the high probability of the event of a financial crisis to take place, caused by the growing real estate bubble, e.g. George Soros, an established fund manager. However, nobody listened to him, since nobody believed his underlying theory. If the US government would indeed have listened, the financial crisis could have been avoided altogether by timely improving regulations and oversight. Continue reading →