Geoengineering and the Fight against Climate Change
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Everybody talks about the weather, but nobody does anything; and when people repeat that witticism, they make it sound as though someone should. Now, someone may. Geoengineering. On this rebroadcast of today's To the Point, guest host Alex Chadwick explores whether we could use technology to alter the atmosphere and cool the warming planet. What could go wrong with that? There are scientists who think we should start trying to research exactly these questions. Also, the fallout after JP Morgan's $2 billion loss, and KCRW's Steve Chiotakis with a special report on California's budget woes.
Banner image: Buildings in Surfside, seen through an underwater camera in the ocean as reports indicate that Florida's Miami-Dade County could be one of the most susceptible places when it comes to rising water levels due to global warming on March 14, 2012. Photo by Joe Raedle/Getty Images
Update on California's Budget Woes ()
Governor Brown today revised the budget to say that the deficit will approach $16 billion and that there are two ways to whittle that number down. The Governor used the announcement to pitch his plan to raise income taxes on the wealthy and sales tax on everyone else by a quarter percent. Whatever voters say to tax hike idea, Brown will have some big cuts to make with big fiscal and political repercussions. KCRW's Steve Chiotakis has a special report on California's budget woes.
- Anthony York: Los Angeles Times, @AnthonyYorkLAT
- Vanessa Aramayo: California Partnership, @calpartnership
- Tani Cantil-Sakauye: California Supreme Court
Franken-clouds on the Horizon? ()
As another international climate conference begins in Bonn, Germany, today, the world continues to warm and the human role grows ever more clear, as does the inability to reach meaningful agreements to slow emissions. One possible solution is scientists altering the atmosphere and cooling the planet with technology. But would that be the good news or the bad news? Some environmentalists say a geoengineering 'fix' might be worse than doing nothing. We're already messing with the atmosphere, and it hasn't worked out very well. Even research advocates seem afraid of the idea. But things are very likely going to get worse, and a 'Plan B' might look a lot better a couple of decades from now. We should start testing ideas now.
- Michael Specter: New Yorker magazine, @specterm
- Ken Caldeira: Stanford University, @KenCaldeira
- Pat Mooney: ETC Group
- David Archer: University of Chicago
- Maggie Koerth-Baker: Boing Boing, @maggiekb1
Fallout after JP Morgan's $2 Billion Loss ()
One of Wall Street's most powerful women, Ina Drew, resigned as chief investment officer at JP Morgan Chase today, taking responsibility for the firm's $2 billion loss. Yesterday, CEO Jamie Dimon told Meet the Press, "We think Dodd Frank, which we supported parts of, gave the FDIC the authority to take down a big bank. And when it happens,…the board should be fired, the equity should be wiped out, the bank should be dismantled and the name should be buried in disgrace….This is a very unfortunate and inopportune time to have had this." Reporter Ezra Klein writes the Wonkblog at the Washington Post.
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Rosalinde and Arthur Gilbert Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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