Next political shocks on deck

Global bonds have tumbled after Republican candidate Donald Trump’s triumph boosted the view that the U.S. government will ramp up spending and potentially widen the budget deficit, stoking inflation. The selloff has been particularly acute in Italy, amid concerns that the anti-establishment wave that propelled Trump into power could spill across to December’s constitutional referendum, where a defeat for Prime Minister Matteo Renzi could threaten political stability.  See Italy’s bonds tumble as Trump win boosts referendum concern.

Here is a direct video link.

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Trump supporters duped: Presidential team filled with status quo insiders

Far from the change he promised:  team Trump is already full of Wall Street and K Street insiders.  With little personal depth, self-discipline or moral convictions of his own, Trump is a perfect blank canvas for status quo policies and actors to fill in self-serving details.  See Team Trump is already filled with Washington insiders:

To shape his administration, President-elect Donald Trump is drawing squarely from the “swamp” he has pledged to drain.

Trump’s transition team is staffed with long-time Washington experts and lobbyists from K Street, think tanks and political offices.

It’s a far cry from Trump’s campaign, which ended only Tuesday night, and message that he would “drain the swamp” in Washington. He has advocated congressional term limits and proposed a “five-point plan for ethics reform” that included strengthening restrictions on lobbying, including five-year bans for members and staff of the executive branch and Congress from lobbying, and expanding the definition of lobbyist to prevent more revolving door activity.

But he has so far fully embraced lobbyists within his transition, and all signs point to a heavy influence from longtime Washington Republican circles on his transition. And with Trump mostly skipping detailed policy proposals during his campaign, they can have a powerful impact on his agenda..

Apparently it will take at least one more status quo administration and breach of public trust before social upheaval topples the powers that be.  As observed by JKB:

“People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.” –John Kenneth Galbriath

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Are we dinosaurs or can we evolve?

A comprehensive report from the World Wildlife Federation and the Zoological Society of London finds that wild animal populations dropped by 58% between 1970 and 2012, and will likely drop a further 67% by 2020 if nothing is done to prevent the decline.

The report points to human activity as the main cause. Habitat degradation and destruction, hunting and overfishing, the illegal wildlife trade, invasive species, disease, pollution and climate change are causing an extinction crisis unlike any since dinosaurs disappeared 65 million years ago.   Humans will feel the impacts, the study notes [yes, even those who deny this is happening].  The planet will continue without a doubt, the question is will humans survive or go the way of the dinosaurs.  See:  Extinction crisis signals that it’s time to change course:

Living systems keep the air breathable and water drinkable, and provide nutritious food. To continue to perform these vital services they need to retain their complexity, diversity and resilience.

…We are entering a new era in Earth’s history: the Anthropocene. An era in which humans rather than natural forces are the primary drivers of planetary change. But we can also redefine our relationship with our planet, from a wasteful, unsustainable and predatory one, to one where people and nature can coexist in harmony.

The report points out that, beyond the crisis’ immediate and direct causes, our mindsets and systems are at the root of the problem. The outdated notions of gross domestic product and unlimited growth on a finite planet, short-term political and business thinking, externalization of social and ecological costs, rampant consumerism, and a failure to understand the connections between actions and consequences and between living systems have put us on an unsustainable course, pushing planetary processes beyond safe boundaries.

To address this, we must find ways to live sustainably, especially regarding energy and food. Rapid renewable energy development and shifting from fossil fuels to clean sources are crucial. So are consuming less animal protein — especially in high-income countries — and reducing waste along the food chain.

…To a large extent, conserving energy and consuming less of everything will determine whether we succeed or not. And while overconsumption, especially among the world’s most well-off, is a key factor in the breakdown of natural systems, overpopulation can’t be ignored. The best ways to address the population problem are to improve women’s rights and provide greater access to birth control and education…Better education, especially in areas like critical thinking and Indigenous knowledge, will help us progress even further.

The challenges may be huge, but a better world is possible. The alternative is to watch as animals and plants go extinct, water becomes scarce, weather hits more extremes, conflicts over land and resources increase, and life becomes more difficult for people everywhere.

All seems perfectly logical to me.

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