San Diego & Orange County California Environmental Attorney Asks Why Isn’t More Action Isn’t Taking Place to Reduce Global Warming
If you care about the environment, no matter if you live in Corona del Mar, La Jolla, Del Mar, Encinitas, Carlsbad, Oceanside, San Marcos, Vista and Escondido, San Diego, Huntington Beach, Westminster, Buena Park, San Luis Obispo, Cambria, Anaheim, Santa Ana, Costa Mesa, Irvine, Newport Beach, Corona del Mar, Laguna Beach, or Laguna Hills or work in San Clemente, San Juan Capistrano, Yorba Linda, Fullerton, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, Palm Springs, Palm Desert, Victorville, Yucca Valley or Twentynine Palms, everyone has an opinion about global warming.
As an environmental attorney, and with all the recent footage coming in from around the world, it is clear not only that global warming is a problem, it is getting worse, and action is needed immediately.
What’s stopping action from taking place? Oil companies and energy companies of all kinds, some of whom reportedly spend more to confuse people and the issue than they do on alternative energy research.
Who else is at fault? Sadly, the Republican party, the executive actions of George Bush and what he has forced government agencies to do, and other groups, who because of their Republican support, were slow getting on the bandwagon.
The issue has also brought us some surprising heroes. Governor Schwarzenegger of California. Ex-President and Nobel Prize Winner, Al Gore. And scientists around the world.
One only need turn on the television to see the melting arctic ice, or to hear that polar bears are being forced to become cannibals to be concerned at how little is being done and how much is being done to confuse and fight those who are concerned about the environment. Even Senator McCain stands against his own running mate, Sarah Palin on environmental issues.
School children know more about the issue than adults because they study the science and refuse to believe the lies and false websites put out by the energy companies.
And yet, except for America, and China, the world seems to be as one, united in the fight against global warming. While more is being done around the world despite the obstinance of the U.S. and China, so much more could be accomplished if we had elected a leader in this area instead of one who led us into a costly and unnecessary war.
One can only applaud companies who are involved in renewable energy sources such as solar, and wind power, the building of energy free homes, environmental groups and the efforts of Governor Schwartzenegger to make California a leader in the world in reducing carbon dioxide emissions and other greenhouse gasses.
It will take all of us to make the changes we need to save our planet, our environment and the animal species that are so much at risk. Only this week, in the news for October 2008, it was widely reported that one in four mammals face extinction. Yet, amazingly, there are still people who will either not believe that man is either the cause of global warming or who feel that it would be too costly to the economy to take actions to help the environment such as reducing greenhouse gasses.
It is hoped that with greater public awareness, and better education to our school children of the environmental problems we face, that when this new generation grows up demanding change and they ask the current generation how we could have let this problem get so bad without doing more to prevent it, it will not be too late to reverse the effects of mankind’s damage.
If you have an environmental legal matter in Orange County, San Diego, in Riverside, Palm Springs or anywhere in Southern California, we have the knowledge and resources to be your California Environmental Lawyers, and Orange County and San Diego Environment Attorneys. For this reason, be sure to hire a California law firm with environmental lawyers who can represent you from Palm Desert to Big Bear, Santa Ana, Chula Vista, Julian, Santa Barbara, San Luis Obispo, Carlsbad, Ventura and Malibu.
If you have an environmental matter and need to know your rights, call the Law Offices of R. Sebastian Gibson, or visit our website at http://www.sebastiangibsonlaw.com and learn about your rights and options and how we can assist you. You can also call us to speak directly to Sebastian Gibson on the phone about your legal matter.
Tagged with: Environmental Attorney • Executive Actions • Nobel Prize Winner • Place Oil • Republican Support
Filed under: Attorney Articles
Like this post? Subscribe to my RSS feed and get loads more!
RT I predict this book will either be a NY Tines best seller or Nobel Prize winner.
Somebody call my name?
If you do go to a regular garage make sure they know to put in fully synthetic as many people have no idea that it is required. Call up the dealership to verify that you can have maintenance done at a non-dealer shop.
Poll: Union Households Boosted Brown: The Republican's victory in the Senate race was lifted by strong support fro…
Nobel prize winner to speak at SBTA lunch Friday more info
“Andy Xie: Tight Spot for Fed, Blind Spot for Investors 06-09 09:02 Caijing comments( 2 ) Market chatter over green shoots and rising prices has fueled a bear market rally that won’t last, despite policymaker ‘noise.’ By Andy Xie, guest economist to Caijing and a board member of Rosetta Stone Advisors Ltd. (Caijing Magazine) A combination of growth optimism and inflation fear has catapulted asset markets in the past few weeks. These two concerns should drive markets in different directions: Inflation fear, for example, should limit room for stimulus and prompt stock markets to retreat. But the investment camps expressing these opposite concerns go separate ways, each pumping up what seems believable. As a result, stock and commodity markets are mirroring the behavior seen during the giddy days of 2007. Regardless of what investors or speculators say to justify their punting, the real driving force is the return of animal spirit. After living in fear for more than a year, they just couldn’t sit around any longer. So they decided to inch back. The resulting market appreciation emboldened more people. All sorts of theories began to surface to justify the market trend. Now that the rising trend has been around for three months globally and seven months in China, even the most timid have been unable to resist. They’re jumping in, in droves. When the least informed and most credulous get into the market, the market is usually peaking. A rising economy and growing income produces more funds to fuel the market. But the global economy is now stuck with years of slow growth. Strong economic growth won’t follow the current stock market surge. This is a bear market rally. People who jump in now will lose big. Over the past three weeks, the dollar dove while oil and treasury yields surged. These price movements exhibited typical symptoms of inflation fear, which is complicating policymaking around the world. The United States, in particular, could be bottled in. The federal government’s fiscal stimulus and liquidity pumping by the Federal Reserve are twin instruments for propping up the bursting U.S. economy. The fiscal deficit could top US$ 2 trillion (15 percent of GDP) in 2009. That would increase by one-third the total stock of federal government debt outstanding. Such a massive amount of federal debt paper needs a buoyant Treasury to absorb. If the Treasury market is a bear market, absorption becomes a huge problem. U.S. Treasury Secretary Timothy Geithner recently visited China to, among other things, persuade China to buy more Treasuries. According to a Brookings Institution estimate, China holds US$ 1.7 trillion in U.S. Treasuries and GSE paper (about 15 percent of the total stock). If China stops buying, it could plunge the Treasury market into deep bear territory. If China does not buy, the Treasury market will get worse. But China can’t prop up the market by buying. In the past few years, purchases by central banks around the world have dominated demand for Treasuries. Central banks have been buying because their currencies are linked to the dollar. Hence, such demand is not price sensitive. The demand level is proportionate to the U.S. current account deficit, which determines the amount of dollars held by foreign central banks. The bigger the U.S. current account deficit, the greater the demand for Treasuries. This is why the Treasury yield was trending down during the bulging U.S. current account deficit period 2001-’08. This dynamic in the Treasury market was changed by the bursting of the U.S. credit-cum-property bubble. It is decreasing U.S. consumption and the U.S. current account deficit. The 2009 deficit is probably under US$ 400 billion, halved from the peak. That means non-U.S. central banks have much less money to buy, while the supply is surging. It means central banks no longer determine Treasury pricing. American institutions and families are now marginal buyers. This switch in who determines price is shifting Treasury yields significantly higher. The 10-year Treasury yield historically averages about 6 percent, with about 3.5 percent inflation and a real yield of 2.5 percent. This reflects the preferences of marginal buyers in the United States. Foreign central banks have pushed down the yield requirement substantially over the past seven years. If marginal buyers become American again, as I believe, Treasury yields will surge even higher from current levels. Future inflation will average more than 3.5 percent, I believe. Some policy thinkers in the United States believe the Fed should target inflation between 5 and 6 percent. The Treasury yield could rise to between 7.5 and 8.5 percent from the current 3.5 percent. A massive supply of Treasuries would only worsen the market. The Federal Reserve has been trying to prop the Treasury market by buying more than US$ 300 billion – a purchase that’s backfired. Treasury investors are terrified by the inflation implication of the Fed action. It is equivalent to monetizing national debt. As the federal deficit will remain sky-high for years to come, the monetization could become much larger, which might lead to hyperinflation. This is why the Treasury yield has surged in the past three weeks. One possible response is to finance the U.S. budget deficit with short-term financing. As the Fed controls short-term interest rates, such a strategy could avoid the pain of high interest rates. But this strategy could crash the dollar. The dollar index-DXY has fallen 10 percent from the March level, even though the U.S. trade deficit has declined substantially. It reflects the market’s expectations that the Fed’s monetary policy will lead to inflation and a dollar crash. The cause of dollar weakness is the outflow of U.S. money, in my view. It is the primary cause of a surge in emerging markets and commodities. Most U.S. analysts think the dollar’s weakness is due to foreigners buying less of it. This is probably incorrect. The dollar’s weakness can limit Fed policy options. It heightens inflation risks; a weak dollar imports inflation and, more importantly, increases inflation expectations, which can be self-fulfilling in today’s environment. The Fed has released and committed US$ 12 trillion (83 percent of GDP) for bailing out the financial system. This massive overhang in money supply could cause hyperinflation if not withdrawn in time. So far, the market is still giving the Fed the benefit of the doubt, believing it will indeed withdraw the money. Dollar weakness reflects the market’s wavering confidence in the Fed. If the wavering continues, it could lead to a dollar collapse and make inflation self-fulfilling. The Fed may have to change its stance, even using token gestures, to assure the market it won’t release too much money. For example, signaling rate hikes would soothe the market. But the economy is still in terrible shape; unemployment may surpass 10 percent this year. Any suggestion of hiking interest rates would dampen growth expectations. The Fed is caught between a rock and a hard place. Oil prices have doubled since a March low, even though global demand continues to decline. The driving forces again are expectations of inflation and a weaker dollar. As U.S.-based funds flee, some of the money has flowed into oil ETFs. This initially impacted futures prices, creating a huge gap between cash and futures prices. The gap increased inventory demand as investors tried to profit from the gap. Rising inventory demand caused spot prices to reach parity with futures prices. Rising oil prices, though, lead to inflation and depress growth. It is a stagflation factor. If the Fed doesn’t rein in weak dollar expectations, stagflation will arrive sooner than I previously expected. Stagflation in the 1970s spawned the development of rational expectation theory in economics. Monetary stimulus works by fooling people into believing in money’s value while the central bank cheapens it. This perception gap stimulates the economy by fooling people into demanding more money than they should. Rational expectation theory clarified the underpinning for Keynesian liquidity theory. However, as they say, people can’t be fooled three times. Central banks that tried to use stimuli to solve structural problems in the ’70s saw their stimuli didn’t work. People saw through what they tried again and again, and began behaving accordingly, which translated monetary stimulus straight into inflation without stimulating economic growth. Rational expectation theory discredited Keynesian theory and laid the foundation for Paul Volker’s tough love policy, which jagged up interest rates and triggered a recession. The recession convinced people that the central bank was serious about cooling inflation, so they adjusted their behavior accordingly. Inflation expectations fell sharply afterward. The credibility that Volker brought to the Fed was exploited by Alan Greenspan, who kept pumping money to solve economic problems. As I have argued before, special factors made Greenspan’s approach effective at the same. Its byproduct was asset bubbles. As the environment has changed, rational expectation theory will again exert force on the impact of monetary policy. Movements in Treasury yields, oil and the dollar underscore the return of rational expectation. Policymakers have to take actions to dent the speed of its returning. Otherwise, the stimulus will lose traction everywhere, and the global economy will slump. I expect at least gestures from U.S. policymakers to assuage market concerns about rampant fiscal and monetary expansion. The noise would be to emphasize the “temporary” nature of the stimulus. The market will probably be fooled again. It will fully wake up only in 2010. The United States has no way out but to print money. As a rational country, it will do what it has to, regardless of its rhetoric. This is why I expect a second dip for the global economy in 2010. While inflation expectations are causing some in the investor community to act, the rest are betting on strong economic recovery. Massive amounts of money have flowed into emerging markets, making it look like a runaway train. Many bystanders can’t take it any longer and are jumping in. Markets, after trending up for three months, are gapping up. Unfortunately for the last-minute bulls, current market movements suggest peaking. If you buy now, you have a 90 percent chance of losing money when you try to get out. Contrary to all the market noise, there are no signs of a significant economic recovery. So-called green shoots in the global economy are mostly due to inventory cycles. Stimuli might juice up growth a bit in the second half 2009. Nothing, however, suggests a lasting recovery. Markets are trading on imagination. The return of funds flowing into property is even more ridiculous. A property burst usually lasts for more than three years. The current burst is larger than usual. The property market is likely to remain in bear territory for much longer. The bulls are talking about inflation as the bullish factor for property. Unfortunately, property prices have risen already and need to come down even as CPI rises. Then the two can reach parity. While rational expectation is returning to part of the investment community, most investors are still trapped by institutional weakness, which makes them behave irrationally. The Greenspan era has nurtured a vast financial sector. All the people in this business need something to do. Since they invest other people’s money, they are biased toward bullish sentiment. Otherwise, if they say it’s all bad, their investors will take back the money, and they will lose their jobs. Governments know that, and create noise to give them excuses to be bullish. This institutional weakness has been a catastrophe for people who trust investment professionals. In the past two decades, equity investors have done worse than those who held U.S. market bonds, and who lost big in Japan and emerging markets in general. It is astonishing that a value-destroying industry has lasted so long. The greater irony is that salaries in this industry have been two to three times above what’s paid in other sector. The key to its survival is volatility. As markets collapse and surge, possibilities for getting rich quickly are created. Unfortunately, most people don’t get out when markets are high, as they are now. They only take a ride. Indeed, most people who invest in the stock market get poorer. Look at Japan, Korea and Taiwan: Even though their per capita incomes have risen enormously over the past three decades, investors in these stock markets lost money. Economic growth is a necessary but not sufficient condition for investors to make money in the stock market. Most countries, unfortunately, don’t possess the conditions for stock markets to reflect economic growth. The key is good corporate governance. It requires rule of law and good morality. Neither is apparent in most markets. It’s a widely accepted notion that long term stock investors make money. Actually, this is not true. Most companies don’t last for more than 20 years. How can long term investment make money for you? The bankruptcy of General Motors should remind people that this notion is ridiculous. General Motors was a symbol of the U.S. economy, a century-old company that succumbed to bankruptcy. In the long run, all companies go bankrupt. Property on the surface is better than the stock market. It is something physical that investors can touch. However, it doesn’t hold much value in the long run either. Look at Japan: Its property prices are lower than they were three decades ago. U.S. property prices will likely bottom below levels of 20 years ago, after adjusting for inflation. China’s property market holds even less value in the long run. Chinese properties are sitting on land leased for 70 years for residential properties and 50 years for commercial properties. Their residual values are zero at the end. The hope for perpetual appreciation is a joke. If you accept zero value at the end of 70 years, the property value should only be the use value during those 70 years. The use value is fully reflected in rental yield. The current rental yield is half the mortgage interest rate. How could properties not be overvalued? The bulls want buyers to ignore rental yield and focus on appreciation. But appreciation in the long run isn’t possible. Depreciation is, as the end value is zero. The world is setting up for a big crash, again. Since the last bubble burst, governments around the world have not been focusing on reforms. They are trying to pump a new bubble to solve existing problems. Before inflation appears, this strategy works. As inflation expectation rises, its effectiveness is threatened. When inflation appears in 2010, another crash will come. If you are a speculator and confident you can get out before it crashes, this is your market. If you think this market is for real, you are making a mistake and should get out as soon as possible. If you lost money during your last three market entries, stay away from this one – as far as you can. Full article in Chinese:
WA-Seattle, Location Seattle, WA; Broadway, WA Salary $95,000 – $160,000 Education Juris Doctorate Category Legal Experience Required At least 2 Years Short Description Environmental Attorney – Regulatory Required Skills Environmental Attorney, Regulatory experience, Clean Air Act, Clean Water Act, WA License Recruiter Anna Thomas Date Updated 10/23/2009 Environmental Attorney – Regulatory This position is op
Environmental Consulting ** Tetra Tech Awarded Worldwide Environmental Remediation Services Program Green Oasis Environmental Inc Announces Letter of Intent to Purchase < << >>>
Auschwitz. I had the opportunity to meet him some 25 years ago. Fascinating man.
Well, there have been/are FACULTY who are Nobel laureates. See the Wikipedia article for list of alumni achievements:
Lots of Pulitzer prizes.
Palin preached about small business tax cuts and just happened to leave out that the President proposed that with no Republican support
Essential Oil Singles – The Herbs Place
I guess it’s a matter of where and with whom you are chatting. For half of my comments on lesswrong.com I get bad Karma for talking trash (I think). That’s why I mainly stay away from any places that are rather serious about this stuff. Anyway, I’m off for today. Have fun
Game On! Whoa! The Democrats are taking steps toward being vaguely less wimpy. And they may even be starting to like it! Senator Majority Leader Harry Reid (D – Nevada) now says he’s willing to use reconciliation to push a public health insurance option through without Republican support. Assuming it’s under …
who wins in these rediculas lawwsuits? Is it like “mother earth” VS the evil governments of the world? seems like a pointless job, but at least you’re doing something, unlike all of these “fake” government jobs where you just look at a computer all day and get paid WAY too much while our teachers suffer nearly minimum wage.
Deja Vu: Senate Dems seeks Republican support for $150B jobs bill hmm… we need a Reagan moment: There U go Again
ummm…huh?
integral=dumb ass blonde who’s probably a zionist herself, trying to pretend like she has no idea of what her Khazar/zionist countrymen are doing to America. Well, the american people are increasingly becoming aware of you FAKE jews and the death, debt, and distruction that follows you everywhere you go. The bible warned us about your kind. It’s written in revelations 2:9 that there would be a group of people claiming to be jews but in reality they were from the synagouges of satan. ZIONIST=EVIL
He has said repeatedly that he wants to work with Republicans on this and other issues in a true spirit of bipartisanship. He is of the opinion that we can accomplish more together than by bickering along party lines. Imagine that?
NNFEFE you no that live is give and take every tribe in nigeria are now paying for what they did to biafrans back in the days some igbos efulefus the lost ones always feel guilty for trying to leave nigeria in the first place,some even deny their identities just to belong in nigeria in there corupt way of live feel sorry for them judas in any family their must be one,upon all that igbos still shine and getting better both science and buissnesses blessed people…
and they will kill anyone who tries to make the public aware of the injustice, they once hung a Nobel Peace prize winner
(
Articles: New post: Decorate your place with Oil Paintings as you desire
him to sighn executive actions on a few people also at the closure of this operation I have a feeling he will probably be happy to sighn
The Obama administration is proposing to open vast areas of open water along the Atlantic coast, in the Gulf of Mexico, and off the northern coast of Alaska to oil and natural gas drilling. The proposal would end a longtime moratorium on drilling from Delaware to central Florida and would affect nearly 167 million acres of ocean and open 24 million acres in the eastern Gulf to development. It would also authorize steps toward determining how much oil and natural gas lies off the coast of the Middle Atlantic and Southern states. While the dramatic policy shift may gain some Republican support for the administration’s energy and climate initiatives, it is expected to alienate many environmental groups and Democrats who oppose expanded offshore drilling because of potential environmental impacts. Under the terms of the proposal, Bristol Bay in southwestern Alaska would remain protected, but almost 130 million acres of ocean in the Arctic north of Alaska would be opened for oil…
as long as humans exist in this world there will be wars.