Thursday, October 12, 2017

Northern California Fires

-------- Forwarded Message --------
Subject: Fw: Northern California Fires
Date: Thu, 12 Oct 2017 16:08:14 +0000
From: Jas Jain

Northern California Fires

Active Napa Fire Map with Address Search

 

Someone made a comment on TV reporting about not allowing the fires to get to areas where people inhabit, for decades, and also areas of habitation getting extended more and more closer to the brush and hills, which was the prime case in Anaheim Hills fire. The result was huge accumulation of brush, e.g., dead leaves, year after year after year. This reminded me of a book by economic reporter Greg Ip (see the appended).

 

In the same vain as fires the US economy has been kept up artificially by not allowing recessions to run their course and correct the imbalances caused during the boom, especially debt. The fiscal and monetary policies have been extremely loose for most of the last 25 years, but particularly since 2002. All the growth since 1999 has been due to extraordinary growth in debt, with household debt and federal debt taking turns at different times.

 

There would be a day of reckoning for the US economy and according to the latest "Nobel" Prize winner in economics, Richard Thaler, it could be soon.

Jas

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Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe

Oct 13, 2015 by Greg Ip

 

We have learned a staggering amount about human nature and disaster -- yet we keep having car crashes, floods, and financial crises. Partly this is because the success we have at making life safer enables us to take bigger risks. As our cities, transport systems, and financial markets become more interconnected and complex, so does the potential for catastrophe.

How do we stay safe? Should we? What if our attempts are exposing us even more to the very risks we are avoiding? …






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