<![CDATA[Grist - Comment Feed for A letter to <em>Science</em> ponders what $700 billion could do for the natural world]]> Grist Comment Feed en Comment #1 by Colin Wright http://www.grist.org/article/Payback-time/ Mon, 26 Jan 2009 05:11:01 -0800 http://www.grist.org/article/Payback-time/1 $700 billion is just the down payment...

 Roubini is saying: "President Barack Obama will have to use as much as $1 trillion of public funds to shore up the capitalization of the banking sector, following the $350 billion injection by the Bush administration, Roubini told Bloomberg News"

(Mind you, I think nationalization is the way to go, as Martin Wolf of the FT suggests for the U.K.: "Private management of socialised risks is dangerous. This is why temporary nationalisation is logical. I suspect it is where we will end up.")

But I heartily agree with BioD that we need new priorities in the economy, one's that prioritize the habitability of planet Earth. A Green New Deal, perhaps?

]]> $700 billion is just the down payment...

 Roubini is saying: "President Barack Obama will have to use as much as $1 trillion of public funds to shore up the capitalization of the banking sector, following the $350 billion injection by the Bush administration, Roubini told Bloomberg News"

(Mind you, I think nationalization is the way to go, as Martin Wolf of the FT suggests for the U.K.: "Private management of socialised risks is dangerous. This is why temporary nationalisation is logical. I suspect it is where we will end up.")

But I heartily agree with BioD that we need new priorities in the economy, one's that prioritize the habitability of planet Earth. A Green New Deal, perhaps?

]]>