Tag Archives | markets

Over Demanding Market Affects Fisheries More than Climate Change

PIC: Sudokuhani (CC)

PIC: Sudokuhani (CC)

Via AlphaGalileo:

Fisheries that rely on short life species, such as shrimp or sardine, have been more affected by climate change, because this phenomenon affects chlorophyll production, which is vital for phytoplankton, the main food for both species.

Disclosed by the research “Socioeconomic Impact of the global change over the fishing resources of the Mexican Pacific” headed by Ernesto A. Chávez Ortiz, from the National Polytechnic Institute (IPN).

Work performed at the Interdisciplinary Center of Marine Sciences (CICIMAR) from the IPN, indicates that in the last five years there have been no “spectacular” changes attributable to climate change, what has affected the fishing resources more is the over demanding market.

“Globally, a great part of the fishing resources is being exploited to its maximum capacity, several have overpass its regeneration capacities and are overexploited” Chávez Ortiz points out.

The specialist at CICIMAR details that the research consisted in exploratory weather and fisheries analysis, and confirmed what has been intuitively said for a while: a lot of the variability in the fishing is due to climate change, the problem is that evidence hadn’t been found to prove it.

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Pres Obama Signs Bill Killing Anti-Corruption, Pro-Transparency STOCK Act Provisions

via Daily Kos

Obama-Corruption

…yesterday, President Obama completed this rope-a-dope deception by signing this new bill, which stripped key provisions from the STOCK Act and rolled back a lot of the progress that the original bill made in promoting transparency and open government. The bill was signed without any cameras or fanfare, which is in stark contrast to the very public signing of the actual STOCK Act. It seems President Obama was glad to parade around the signing of the pro-transparency bill, but was not so open about his reversal of the most important parts of it a year later! Open Secrets describes the key provisions stripped out of the bill and labels this action “A reversal of the STOCK Act”:

The elements of the STOCK Act that were removed include:

Creation of searchable, sortable disclosure of the information contained in reports even for Congress, the president, vice president, the president’s cabinet and congressional candidates.

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Elizabeth Warren’s Foreclosure Settlement Bombshell: Banks Determined the Number of Victims of Their Own Foreclosure Frauds

via Wall Street on Parade

elizabeth warren

There is only one thing more Kafkaesque than the ongoing Wall Street frauds and that is watching a live United States Senate investigation of a diabolical settlement the banks themselves concocted to repay the victims of their own fraud. Such was the case yesterday when Senators Sherrod Brown, Jack Reed, and Elizabeth Warren grilled regulators from the Office of the Comptroller of the Currency and Federal Reserve along with outside consultants over allowing banks to hand pick the consultants to do their foreclosure reviews, negotiate confidentiality agreements with them and pay them directly.

Hundreds of millions of dollars in checks from the Foreclosure Review settlement will start going out today, eventually topping $3.6 billion in the cash portion of the settlement, and yet it was revealed during yesterday’s Senate hearing that it was the actual banks that engaged in the illegal foreclosure actions that tallied up and classified their wrongdoing under various degrees of harm; deciding themselves how many people would receive $300 and how many $125,000.

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