Cashing In on Climate Change
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Global warming is not just a fact of life, it's already a source of profit with much more to come for those betting that nothing's going to be done. We hear how melting ice, drought and massive rainfall are creating a business boom with dangerous implications for social and economic inequality. Also, US aid to Afghanistan flows despite warnings of misuse, and the fading clout of California in Congress as 40-year incumbent Democrat Henry Waxman decides to leave.
Banner image: Stefan Cook
US Aid to Afghanistan Flows Despite Warnings of Misuse ()
More than a billion dollars in US aid will flow to the government of Afghanistan in this year alone, despite years of warnings about corruption. Today, the Inspector General, created by Congress and appointed by President Obama, reported that not one of that country's 16 ministries can be counted on to prevent money from being stolen or wasted. John Sopko is Special Inspector General for Afghanistan Reconstruction.
- John Sopko: Office of the Special Inspector General for Afghanistan Reconstruction
The Booming Business of Global Warming ()
Global warming deniers may have to take note: climate change is already big business for entrepreneurs and investors all over the world. Shell Oil has been strategizing about it for decades. Wall Street is in on the action. Coca Cola and Nike recognize it's shaping their bottom lines. We hear how money's being made -- from the Arctic to Africa and the Tropics, and how the US government will have to play catch-up. What are the potential costs of looking the other way, and the differing consequences for the haves and the have-nots?
- McKenzie Funk: journalist and author, @McKenzieFunk
- David Titley: Pennsylvania State University, @psumeteo
- Coral Davenport: New York Times, @CoralMDavenport
What Does Waxman Resignation Mean for California, Congress? ()
Henry Waxman helped make California a powerhouse in Congress. He infuriated Republicans for 40 years, most recently by pushing the Affordable Care Act. The California Democrat was also a major force for environmental legislation as Chair of the House Energy and Commerce Committee. First elected to Congress in 1974 when Gerald Ford was President, today Waxman announced he won't run for re-election this year. David Hawkings, former managing editor of CQ Weekly, writes the Roll Call blog, Hawkings Here.
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