Global Economy or Climate Emergency. Is that our choice?

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Күн бұрын

If you want to know the truth...FOLLOW THE MONEY! The people who control the world's money rely on financial risk assessors to give them accurate data about future scenarios that could adversely affect their vast portfolios. The message coming from those risk assessors right now is...your money is in grave danger if the world does not act urgently to mitigate the worst consequences of our rapidly warming climate. Now a new report sets the challenge out in painful detail.
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Пікірлер: 793

@evadd2 22 күн бұрын

The insurance industry has already started the full abandonment of Florida. Get used to that concept.

@Pecisk 22 күн бұрын

And California. Considering you can't build a house in USA without insurance, this will be interesting. First, they will offload that to states silently, but it will be short gap solution.

@brentsummers7377 21 күн бұрын

It's similar to the big box retailers dropping some products because they are no longer profitable enough. For example retailers no longer selling cameras of any type. The shelf space is better used for something else. Maybe the insurers will only offer fire insurance?

@supersleepygrumpybear 21 күн бұрын

@@Pecisk The State will sponsor it. Federal government will mandate insurance companies... What I don't get... Is how oversized tinderboxes and sinking swamp mansions are worth millions...? I mean, I do get it, but I don't know why people buy those homes (even private equity is picky with certain neighborhoods). The American Dream: A Dream Deferred.

@hclau218 20 күн бұрын

I am betting that the USA, in its desperation to maintain world dominance will start a Nuclear WWIII, destroying the entire world before climate change can.

@rabkad5673 20 күн бұрын

nonsense

@ianweniger6620 22 күн бұрын

I rember watching the head of the Bank of England speak at a meeting of other govt financiers in 2016. Mark Carney explicitly warned that climate crisis would outstrip the re-insurance industry and undermine any new infrastructure in seashore regions like New York, London, Mumbai, Shanghai, etc... Who knew that most of our rulers would ignore reinsurers and put the losses on the 99%?

@manoo422 22 күн бұрын

It doesnt seem to bother the likes of Obama, Gates, Bezos who all have multi $ million sea front properties. They seem to know nothing will be affecting their seashore lifestyle...

@heila348 22 күн бұрын

dump Trudeau & put Mark Carney in charge.. I've read his latest book... there is no question, with his background et al he's the guy we need.

@manoo422 22 күн бұрын

@@heila348 He is just as big a WEF shill as Trudy.

@Silks- 22 күн бұрын

We need extinction rebellion (Socialism)

@arminhanik7229 21 күн бұрын

Simple: Tell the truth, make the right decisions and YOU WILL NOT GET ELECTED AGAIN. The vast majority of ppl are selfish, short sighted fools. and they will elect whoever promises them what they want. We are entering a phase where our so-called democracy will be extremely detrimental.

@Dysiode 22 күн бұрын

An author I follow who writes on the Ghost "OK Doomer" just published an article titled "Panic. It's good for you" and made it very clear that it's not hysteria: "You admit you're scared. You admit you don't know what to do. You stop. You listen. You look for answers. You come up with a plan. You abandon your previous assumptions about reality. You adjust to the new reality in front of you. "Panicking doesn't have to mean riots and chaos. It could mean just admitting that we're scared and we don't know what to do. It could be the necessary step toward coming up with a plan that would leave something of a future for everyone." We desperately need to start panicking

@RussCR5187 21 күн бұрын

In other words, we should panic over the fact that we are not panicking.

@kparker2430 21 күн бұрын

the HH Guide to the Galaxy is clear on this point.

@cht2162 21 күн бұрын

Tik Tok Tik Tok Tik Tok Tik To Tk Ti o

@supersleepygrumpybear 21 күн бұрын

I know. Exxon Mobil Net-Zero's solution has the solution... Oh, wait. Sorry, I did my thing again. I used humor to mask my untenable suffering~

@RustOnWheels 21 күн бұрын

This touches on what is described in the book “Thinking, fast and slow”. Panic and outrage are used and channeled by (especially far right) politicians to prevent slow (conscious) thinking. That is why Trump, like religious leaders, floods you with data, which is falsifiably wrong but, as he uses repetition and pure DDoS attacks on your brain (because you have to take time to think slow to process the stupidity he is proclaiming), thus planting the words repetitively in your brain, which make them true for your fast thinking brain. Your slow thinking brain gives up. Therefore, to panic in a constructive way, one needs to panic deliberate, which is nigh counterintuitive.

@langdons2848 22 күн бұрын

15 years ago I wrote a list of signs of runaway climate change (with its attendant risk of societal collapse). One of them was the insurance industry becoming untenable. And here we are.

@john1boggity56 22 күн бұрын

What else is on your list? Food security for sure. What others?

@rivimey 22 күн бұрын

@@john1boggity56 My list would include: - massive water shortages in some areas and simultaneously massive flooding in others (tick); - mass migration (10s millions -> 100s of millions/year) (no tick yet but ...); - true food shortages due to large scale crop failure (tick); - some deserts becoming survivable/green again as rainfall patterns change (tick); - permafrost loss resulting in methane emissions off the charts (tick); - loss of (parts of) Antarctic ice sheets with consequent effects on ocean and weather (tick); - increased erosion from water & wind causing large scale damage to soil structure & depth (no tick yet but ...); - extreme heat causing rapidly increasing death rates in previously inhabited regions (tick); - wildfire destroying whole ecosystems faster than they regenerate (tick); - ecosystem damage causing massive species extinction with significant effects on human lives (e.g. bacterial/viral species jumps, unfertilised crops, ...) (tick); - flooding/sea level rise making one or more major cities uninhabitable*** (tick); - increasing size and frequency of eruptions of methane clathrates** from the deep ocean (??tick); - increasingly dangerous aeroplane travel as weather patterns become ever more unstable and unpredictable; - civil unrest and war triggered by the above; - increasingly unreliable human systems (water/power/roads/distribution/manufacturing...) as extreme events pile up one on another faster than we can fix them; ** undersea liquid methane lakes kept that way by cool temps and massive water pressure *** currently threatened: New York City; Miami (Florida), Dhaka (Bangladesh), and Jakarta (Indonesia)

@langdons2848 21 күн бұрын

@@john1boggity56 food prices (as an indicator of environmental stress) but that signal is problematic given the price gouging that our supermarkets here in Australia are engaged in. It's hard to see how much is driven by corporate greed. Reduced variety of local food production (meaning shifting climatic zones). Coral reef health (that's taking a big hit recently, definitely signs of our oceans in crisis). Lethal wet bulb temperatures being reached (we've started to hit that one). Migration levels globally (seeing that especially Africa/Europe and Central America /North America). Multi-generational households (that was more an economic indicator of stress than climate related). Top heavy bureaucracy and over regulation (another societal collapse precursor rather than climate) Fuel prices and in particular big spikes in price (again societal rather than climate). The goal of the list was to be aware of the state of the environment and our civilisation and have some measure of warning when change was accelerating. If and when the signs arrived my partner and I at the time had plans in place to ensure that we could continue to live safely and comfortably for as long as possible.

@RaglansElectricBaboon 21 күн бұрын

@@langdons2848 interesting list. I think you made a Freudian slip in the wet bulb section :-)

@langdons2848 21 күн бұрын

@@RaglansElectricBaboon fixed it - but you are right, it still worked.

@DynamicHaze 22 күн бұрын

They'll wait until the last second and start the rapid transitions to a repair, refresh, renew, global remediation economy. Where the companies profit from cleaning up the destruction they've caused.

@john1boggity56 22 күн бұрын

Cynical but true!!!

@gregorymalchuk272 Күн бұрын

We'll wait to the last second and then start adding 1.5% sulfur to Jet A turbine fuel.

@rod-no-tube 21 күн бұрын

I'm brazilian and we are experiencing a historic flood in the our most south state. The waters started to low, and then, the heavy rains reignited. Huge infrastructure losses (100+ bridges) and more than 400.000 people evacuated. Thousands os helicotper flights to rescue people. Starting to see never seen before events in Brazil. Crazy.

@john1boggity56 21 күн бұрын

We have been watching this flood from Australia - with huge angst for our Brazilian friends.

@rod-no-tube 21 күн бұрын

@@john1boggity56 thank you!❤️

@rod-no-tube 20 күн бұрын

@@ceeap3680 yes that's terrible. And includes a lot of infeccious diseases.

@thisisnumber0 20 күн бұрын

And the link between all this and human production of greenhouse gases is what? Careful, even the IPCC says no link. Ever considered weather manipulation?

@peterdollins3610 22 күн бұрын

I worked for a business & magazine & edited its insurance section in Athens 1978 to 1982 the insurance companies were becoming exceedingly nervous at Climate Risks. Climate patterns held in Greece over the last three thousand years traced in literature changed violently from 1975 until I left Greece in 1984. Locals on 'my' Isle Sifnos told me there had been less rainfall for 50 years before 1974. Since I left the changes have become ever more extreme. The Greek PM states this is 'climate boiling' or words to that effect.

@TheOracle65 22 күн бұрын

“The conclusions are ….. challenging”. You weren’t joking, the potential outcomes and negative impacts on us all is quite eye-opening. Having worked in coastal engineering research and looking at 1 in 50/100 year storm forecasts and building accordingly, I can imagine that there is a lot of recalculating going on….

@john1boggity56 21 күн бұрын

Just did a flood impact assessment for an undergrad subject (ARC GIS Pro) at uni. The data we used included expected sea level rise (it's a coastal study location) but the data did not take into account changes to rainfall patterns. If you add sea level rise to flash storms and prolonged rain events, you get...flooding...at greater levels than our models accounted for. No point really....

@supersleepygrumpybear 21 күн бұрын

Like Google Maps after you made a wrong turn driving in the city 🤔

@JensDoll 21 күн бұрын

@@supersleepygrumpybear More like using Google Maps, where the city layout changed overnight.

@pendlera2959 22 күн бұрын

The sad truth of both politics and economics is that there's no point in worrying about the future when you're at risk of immediate destruction. Getting voted out or going bankrupt is functionally the same as death for politicians and businesses. No one in a position of power can afford to treat the climate crisis seriously if it might cause them to fall behind in the short term, because falling behind triggers a career death spiral in both cases.

@caked3953 21 күн бұрын

What I learned as climate scientist is that most people just don't care and many argue against scientific statistics with anecdotal experience. But most just don't really care

@DrakeN-ow1im 21 күн бұрын

@@caked3953 "Elective Ignorance" is a terrible 'social disease'.

@beautifulgirl219 21 күн бұрын

If you don't understand that getting voted out or going bankrupt is infinitely preferable to ecosystem collapse and collapse of quaoity of life as we know it, you face a worse outcome than that, and one that you cannot recover from, unlike bankruptcy or getting voted out of office. Adapt or die includes the latter, not just adapt or face bankruptcy, or be voted out of office. Many of us have started new lives, some more than once, and built lives that we love, after losing office AND/OR going bankrupt. Your sad truth is a tragic illusion, infinitely tamer than authentic destruction. Your sad truth is mental and emotional self-indulgence. The real way to grow is to grow up.

@supersleepygrumpybear 21 күн бұрын

Funny how the same people support democracies and free-market capitalism, until it goes against themselves~

@ralnerwaldsich6312 21 күн бұрын

We live in democracies right. When politicians would get voted out, if they would take climate change seriously, than it´s on us, on the voters, not on them.

@tunneloflight 22 күн бұрын

I offer several thoughts. First, to those few of us who do catastrophe and disaster preparation and avoidance, none of this is in the least bit a surprise. More, it doesn't go nearly far enough. It is still far too focused on the near term and guarantees long term failure. Second and most disappointing is that it has become abundantly clear that people as individuals, and especially as collective groups put vastly more value on stuff (represented by money) than health, welfare and the environment which is viewed as speculative, expendable, or someone else's problem. Third, all of this has been painfully obvious since the 1960s (in my case) or earlier for those born before me. Based on evidence in the world, it was painfully obvious in the 1950s for those in the know. And a century before that for deep thinkers. Fourth, we are now so deep into the catastrophe, that no solution can preserve what was, and the only remaining sliver of a possibility to save anything like the world we know requires concerted unified massive effort that is simply not possible.

@Silks- 22 күн бұрын

Bit of a word salad in your last paragraph but yeah you’re right. It’s crazy how so many still don’t see how f’cked we are given the data given the data and events in the last couple of years. It makes you wonder what, if anything, will cause their penny to drop. Going off YT comments it seems people are turning to either religion or conspiracy theories to explain it but I have a feeling many of those comments are bots/propagandists to make any thinkers so exasperated with all the idiots that we become apathetic.

@netscrooge 21 күн бұрын

Thank you! Fighting against reality is always a losing battle.

@ksgraham3477 20 күн бұрын

The collective military pollution and energy consumption far exceeds our peon usages and small farms are often very much more organic than industrial single crop ruination of the soil. Leave us alone until governments fix their own mess (at our expense, I must add!) before I'll even listen.

@tunneloflight 20 күн бұрын

@@ksgraham3477 So long as people blame anyone or everyone else, we can NEVER have any hope of doing anything meaningful. That applies first to Governments, next to Businesses, and to Billionaires particularly. But it also applies to absolutley everone except the indigent. And that includes you. You don't get to quit and say - untilt he other guy .... That is what every world Government has done for decades. And that is why it WILL kill us all. Grow up.

@ksgraham3477 20 күн бұрын

@tunneloflight I am solar powered, off grid and no TV. I shop second-hand a lot and cook from scratch. I drive a car, whoopee. I do not buy the newest, built for obsolescence fad or upgrade. I play vinyl. I've been a slacker for 25 years or so. And... The weather IS MANIPULATED FOR EFFECT!

@lynnkush6122 22 күн бұрын

We're already seeing insurance companies leaving areas that they obviously consider to be money losers either because they've already lost in these areas or they think the potential for extreme loss is becoming more evident.

@patrickjordan2233 22 күн бұрын

"Florida has entered the chat..." (Sorry, a poor joke...)

@supersleepygrumpybear 21 күн бұрын

Or they're throwing a hissy fit over government regulation

@GhostOnTheHalfShell 22 күн бұрын

PBS Terra published a video documenting the obsolescence of historical flood risk assessment. Historical data is not relevant now and assessment must take into account the increased water vapor capacity of a warmer atmosphere. Dramatic stuff and points to the urgency for ecological restoration and urban greening because the locations facing dramatically higher risk are surprising. The distribution of risk has also changed due to warming. "100" year floods have become 35 year and 8 year floods in some areas.

@patrickjordan2233 22 күн бұрын

In the US, there is some working at FEMA who are aware...

@reuireuiop0 20 күн бұрын

@@patrickjordan2233Wonder if they are allowed to stay on, if Trump is voted in again. He's forbidden FEMA to adapt it's flood risk maps to new insights before - might decide to get rid of them greenies for once and for all

@reuireuiop0 20 күн бұрын

In the Netherlands, the flood protection in the main economical areas, Amsterdam, Rotterdam & around, was calculated for a once in a 10.000 years event. In Limburg, on the German border, it was once in 250 years, 40 times less safe, making us aware we don't care much for outlying areas. Limburg was hit by such an event 2 years ago, in Germany there were over 180 deaths, their deadliest natural phenomenon over 60 years. I don't think we'll have to wait 250 years for the next one, not even 60,e can be pretty d**n sure we'll see another long before 2040. And that one might well hit in the more protected West. Hell, last winter we already had the waters standing near quays' edge in Amsterdam after "just" 2 months of heavy rain. Thanks to a favorable wind direction on the North Sea, we didn't get truly flooded. But with sea levels going up, rains getting more torrential, we can be 100% sure similar stuff is going to happen within 30 years. And _Who_ is going to insure Dutch housing and industries in low laying areas after such event? It's called the Low Lands for a reason, re-insurers actuaries will know ...

@GhostOnTheHalfShell 20 күн бұрын

@@reuireuiop0 Yup, everything about our infrastructure and where we live is being altered in real-time and will continue to be for the foreseeable future. Half a million people are displaced in Brazil, and a major food growing region is wrecked,

@macmcleod1188 6 күн бұрын

The challenges when insurance companies write off all the land within 100 mi of the coast and 50 mi from Indian river, there's not much land left. And then the entire tornado area has higher riders for cyclonic storms.

@johnbee7729 22 күн бұрын

In 2010 I attended a conference on municipal resiliency in Vancouver BC. At that time those with potential to have major financial stress.from climate emergencies (mortage holders, insurance companies, etc.) Were very concerned with climate change. Unfortunately our various governments seem more concerned with protecting the economy instead of protecting humanity.

@andrewblakesley4202 22 күн бұрын

You have to protect both in harmony. Lose either one and you have blood on your hands. No easy answers, especially from short-term elected officials.

@-LightningRod- 22 күн бұрын

Canadian Municipalities i think are at least attempting to get us ready

@hardcoreherbivore4730 22 күн бұрын

If the people wanted change it’d happen. Unfortunately, people are in complete denial about what’s in front of their faces. Fire season has started early again. In Alberta it’s smoke all summer. Yet our premier is actively trying to stop renewable energy development. Her support in the polls rises every time she speaks about not upgrading our energy grid. People are just voting against their own interests, and proud of it too. 😑

@hardcoreherbivore4730 22 күн бұрын

@@andrewblakesley4202Nope, the answers are easy. We have an information/media environment that casts nothing but doubt. People are uneducated about the solutions, and hence your belief. Since people are not pushing politicians in the correct direction, they are happy to do as little as is possible.

@-LightningRod- 22 күн бұрын

@@hardcoreherbivore4730 the smoke from the fires in Canada arrived on my doorstep this afternoon,...i think the smoke will be here all summer long.

@AntonOfTheWoods 21 күн бұрын

We live in a world based on companies, where the most important thing is providing shareholder value. In particular, I suggest everyone have a look at how private equity companies are managing the majority of companies they buy. This is perfectly analogous to how we are treating the planet. If you keep voting for one of the two mainstream parties, even if it's just to keep the other one out, you are the source of the problem. We need to very radically overhaul the incentive system, and that is not going to be done by parties funded by private equity...

@michaelporter6341 21 күн бұрын

The largest polluters are the wealthy and super-wealthy as individuals and they are in charge! The largest polluting organisation is NATO and they aren't even in the climate accords. Yet they expect the poorest people to give up what little comforts they may have.

@mk1st 21 күн бұрын

Thank you for saying “shareholder value”. IMO this is the big underlying structural problem. The new American dream is to make money by doing basically no work and being twice removed from the consequences (such as pollution or child labor).

@JohnK-gx8hd 22 күн бұрын

Thank you "Just Have a Think". Sadly becoming harder to find facts like this on-line.

@leroyharder4491 21 күн бұрын

Having dealt with insurance companies, I am not impressed with their assessment of risk. I also find huge discrepancies from company to company. If it was actually based on data, most companies would converge to similar solutions when assessing risk. They are making so much up. There is also lots of financial incentive to exaggerate risk in order to raise premiums. Just price gouging. We need to be very careful about just accepting statements from organizations with financial incentives.

@piazaro6205 22 күн бұрын

I really appreciate your weekly videos - they deliver a message we all need to hear. I remain quite pessimistic, however, that we will do what's needed to avert a full climate catastrophe. I don't think people (at least the people here in So. California) are willing to accept the lower standard of living we need to achieve to markedly reverse CO2 emmissions.

@danielfaben5838 22 күн бұрын

Right on the money. Name the city and there we have everyone reliant upon a high standard of living. Even the poorest person can't have water, food and sanitation without all the industrial technology, roads and transport, electricity, bonds and debt that keep it all afloat.

@Pecisk 22 күн бұрын

They will be forced to.

@gr8bkset-524 21 күн бұрын

This 'high standard of living' is dependent on cars which cost $12k/ year. Cars enable urban sprawl, the low density use of land. We have run out of space to build, so home price skyrocket and the young are no longer afford the average home that cost $1M.

@blakehelgoth5247 21 күн бұрын

@@gr8bkset-524I was just talking to adult son about how the car might be the worst invention ever because of the consequences and the infrastructure to make them usable.

@gr8bkset-524 21 күн бұрын

@@blakehelgoth5247 The $12k is just the TCO (Total Cost of Ownership) calculated by Edmunds and doesn't include each home needing a garage + driveway (800 sq ft) to house our vehicles. In a typical $1M home in Orange County, that's +$200k of land. The last few years, I've seen many teenagers riding eBikes. Perhaps when they turn 18, some will keep their eBikes which are cheaper than owning cars. I'm also seeing cities such as Irvine build dense 5-story housing without garage, back/front yards, but with carport and balconies near workplaces. Single Family Homes will be out of reach when young people reach working age, but maybe they will in these dense housing and bike to work. I think local government should use sticks and carrots to get workplaces with +200 to convert 20-50% of their parking space to dense, affordable housing for workers who can then skip owning cars.

@dougsheldon5560 22 күн бұрын

And the orchestra assembles on the deck of the Titanic.

@australien6611 22 күн бұрын

Should we join the band?

@robinbinder8658 21 күн бұрын

one major difference: the guy on lookout spotted the iceberg 5 hours ago. the captain just didnt wanna change course to not inconvenience the passengers.

@jamesphillips2285 21 күн бұрын

@@robinbinder8658 How is that different than what happened with the Kyoto Protocol?

@rdallas81 21 күн бұрын

While selling tickets to the concert.....

@supersleepygrumpybear 21 күн бұрын

@@robinbinder8658 You mean like how the captain was warned about iceberg activity through a wire, but still decided to travel full-speed for a new ship's maiden voyage...

@scottharding4336 21 күн бұрын

The question is can we have global economic growth and ecological overshoot. The climate crisis is taking too much attention away from the other ecological problems we are causing/facing. We cannot have infinite growth on a finite planet. It doesn't matter much how that growth is powered. In a survey of thousands of different wild animal populations showed an average decrease of 70 percent over 50 years. This is not due to climate change. We can and are destroying the biosphere without really needing the extra problems caused by fossil fuels. Degrowth has to be the primary solution.

@john1boggity56 20 күн бұрын

Habitat destruction is the biggest cause of species loss. Great post!

@macmcleod1188 22 күн бұрын

In my city, temperatures have shown a slow steady increase over the last 20 years totaling 2° c, and 4° f. Rainfall has declined by approximately 6 in per year over the same time period but has had more random fluctuation than the temperature. The city used to be very green and there would even be algae on places that weren't maintained. Last year we lost 20-year-old bushes and some trees due to 100 days without rain.

@macmcleod1188 22 күн бұрын

Oh and insurance rates have nearly doubled and many insurance companies won't write policies at any price to new customers.

@JustHaveaThink 22 күн бұрын

Not good!

@macmcleod1188 22 күн бұрын

Just to clarify that was from roughly 38" to 32" over 20 years, not by 6" each and every year (a loss of 120"). My city is150 miles across, the area 50 miles north is still getting the old rain levels.

@ksgraham3477 20 күн бұрын

It depends where you live. Cooling Baja.

@macmcleod1188 20 күн бұрын

@@ksgraham3477 While it's not much cooler but I did some digging and it is cooler this year than 20 years ago. Two years ago it was much warner but about the same as 22 years ago. It's pretty hard to find older data. Maybe there is more in spanish. Probably related to the upwelling cool currents on the pacific coast but interesting all the same.

@heila348 22 күн бұрын

I'm a retired banker and I've been wondering what happens when insurance companies bail.. ie: no insurance = no mortgage.

@binx2smooth 22 күн бұрын

In the USA, it's already happening in the states of Florida and California.

@mantabletin935 22 күн бұрын

This. no insurance means no mortages and no construction loans. Housing crisis is going to be really ugly.

@kevinmorris3649 22 күн бұрын

own your house and prepare for your most common problems

@australien6611 22 күн бұрын

@@kevinmorris3649 wise man 🥂

@DavidFrench 22 күн бұрын

No mortgage on this scale results in banks etc having a vast shortfall in asset value. So when our panicking governments actually sit down to talk about "managed retreat" and other mitigation they are really missing a large portion of the element in the room

@hardcoreherbivore4730 22 күн бұрын

Sitting in Alberta at the moment, covered in forest fire smoke. This is what summer is now, fire season. Water bombers constantly flying overhead. Yet, I’m surrounded by people who are not willing to do anything to reduce their carbon emissions. Convinced the only solution is a highly lethal pandemic. 😆

@Pecisk 22 күн бұрын

@@user-zi8hk3ze5g Canada exports oil at increased rate, one of the major exporters actually.

@user-jk3ht5hn3m 21 күн бұрын

Karen of the North has turned the place into albertistan

@Kevin_Street 21 күн бұрын

Hello, fellow Albertan! The smoke was really bad yesterday. I'm actually a little concerned what this stuff is doing to our lungs. A pandemic wouldn't actually solve anything, because it would teach the wrong lessons. Afterwards the survivors would be very alert to the dangers of disease (a good thing) but totally deaf to the dangers of global warming. Since the population was smaller they'd use the cheapest, easiest to get energy sources, which tend to be fossil fuels. Things like solar panels and wind turbines are cheap now because of the economies of scale that have been achieved in manufacturing them. We need huge manufacturing plants and global distribution to make solar power cheaper than something like gasoline. A world recovering from a pandemic would have to build that back up again.

@filonin2 21 күн бұрын

@@Kevin_Street Ok, a fully lethal pandemic.

@hardcoreherbivore4730 21 күн бұрын

@@Kevin_Street Fair point! The hope is that eventually it’ll just be too expensive to not use solar. Yet, we’re currently seeing the success of political partisanship over logic. Fortunately, solar will continue to reduce costs. So, there will be a limit to how long Smith can keep this up.

@davidharris8268 22 күн бұрын

That's not the choice we face. It's climate emergency or rearming in time to deter or win WW3.

@BrainierMocha 21 күн бұрын

I have seen leadership come and go from a variety of industries. Those who raised valid and solvable concerns on climate change including multiple military organisations, were encouraged to change their leadership to individuals more compliant with specific share/stake holder views who were heavily invested in the risk. Waving off the concern as not thinking Big Brain.

@gamingtonight1526 22 күн бұрын

Assessors are conservative, so good luck everybody!

@Hydde87 21 күн бұрын

Some people like to start their weeks with a cup of coffee monday morning. I like to start mine with a cup of existential dread.

@adcaptandumvulgus4252 22 күн бұрын

If they expect this to believe this they're going to have to try really hard to undo years of mistrust from the public.

@anguscampbell1533 22 күн бұрын

This surely means that the economic status quo must end. We live in a consumption based, market oriented and capital funded society that doesn't permit long term sustainable solutions to our problems. When we admit that first this has to change then we can move on to better solutions. Climate change is only one matter. There are a whole host of problems that the market economy prevents better solutions.

@RussCR5187 21 күн бұрын

Exactly. And a bunch of those other problems are going to collapse the system sooner than climate ever would.

@gr8bkset-524 21 күн бұрын

Or we can price damages to the environment into our economic system.

@rbgerald2469 21 күн бұрын

@@gr8bkset-524..Carbon taxes. Europeans are starting to do it, Nordic countries too. So why not the US?

@gr8bkset-524 20 күн бұрын

@@rbgerald2469 I'm 100% in favor of a carbon tax in the US. However, the US has built itself into a car dependent society based on cheap gasoline. Because of the automobile, homes are spread out (low density sprawl), and effective public transportation is not possible. This car induced low density resulted in not enough homes being built to meet demand, so housing prices is very high. Despite our high GDP per capita of $76K and high per capita carbon footprint 16 tons, most Americans barely get by because of our inefficient transportation and use of land. Politicians in favor of carbon taxes will not be voted into office. We are very stupid.

@sedonars1 20 күн бұрын

@@gr8bkset-524 And very extinct. For obvious reasons. Nature had us down to 1268 breeding individuals approx. 900,000 years ago; this time she will not fail!

@My-Nickel 21 күн бұрын

Thank you, sir!

@jnrickards 20 күн бұрын

I wonder if actuarial people could calculate the cost of voting in certain politicians.

@hhwippedcream 19 күн бұрын

In response to the title - No. If we hold continuance of the status quo and perceived stability as a necessary condition, then we forego the notion of "third options" and thereby needed change.

@tunneloflight 22 күн бұрын

Also, the other group(s) that are better projecting the future are of course - the military.

@susantownsend9340 21 күн бұрын

I really appreciate everything you do! I live in Seattle and the changes here, climate wise, are so noticeable to me.😢 I wish more people would pay attention .

@mcspaddencw 20 күн бұрын

Thank you. Yet another week of educational material.

@timchristie1601 21 күн бұрын

thanks !

@shawngrinter2747 21 күн бұрын

A superb logical approach to the best way forward. Never going to happen.

@RichardPierce-xm9gg 22 күн бұрын

Thank you for what you do!

@JustHaveaThink 22 күн бұрын

Thank you for your support.

@toadvine9264 21 күн бұрын

If Hansen is right and sensitivity is 5, and we continue going up 3ppm, or better, annually... I think it's a failure of the imagination not to get the willies.

@john1boggity56 21 күн бұрын

Hansen (et al.,) is worth reading and having serious conversations about - his predictions are higher than the IPCC and his arguments seem credible. If he is right, then we need to surrender to a very uncomfortable future.

@toadvine9264 21 күн бұрын

@@john1boggity56 et al indeed, that Leon Simons kid is interesting.

@sedonars1 20 күн бұрын

And now we exponentially progress to 4.7ppm/yr!

@john1boggity56 20 күн бұрын

@@sedonars1 Hasn't that little stat gone under the radar! That and the earths energy imbalance figure.

@jacobwilson6296 21 күн бұрын

Thanks again.

@blakehelgoth5247 20 күн бұрын

What? You mean we can't just exploit everything into oblivion for our own short term gain? Preposterous! I've been watching the Ken Burns documentary on the American Buffalo with my son. We had previously watched his one on the Dust Bowl. Weird how killing off all the Buffalo, then plowing up the prairie ended so badly. All at the service of the industrial machine we created. Seems like we'd learn a lesson our two.

@joweb1320 22 күн бұрын

Thank you! I have used As You Sow's, fossil fuel free funds tool to make sure my ETFs and mutual funds are as low carbon as possible. We obviously don't have much time to act.

@JustHaveaThink 22 күн бұрын

Good on you.

@qbas81 14 күн бұрын

In city of Newcastle, Australia, there are already places where home insurance exceeds $10k This is in city, not in the middle of bush "out there"...

@karlwheatley1244 13 күн бұрын

That's awful.

@jamesprivet 21 күн бұрын

Very good review thanks.

@martincotterill823 22 күн бұрын

Great video, cheers Dave!

@DebPercy 21 күн бұрын

interesting thanks

@drewwagar 21 күн бұрын

Having worked in a major insurance organisation in the past and having had a lot of experience working in risk management and governance - a good risk management framework operated by competent risk assessors and the ability to "action" the risks that are identified very much is a good way to deal with risks in a business context. I'm surprised it hasn't been tried for international response to the climate crisis. So it gets a cautious thumbs up from me.

@danielmadar9938 22 күн бұрын

Thanks

@JustHaveaThink 22 күн бұрын

You're welcome

@simpletim 19 күн бұрын

Thanks!

@Pecisk 22 күн бұрын

I just love amount of different goalpost moving in comment sections of your more skeptical videos. People either are just whatabout trolls - classic for internet - or just basically discover things not foreseen by scientists or policy specialists working in field for decades 😅

@filonin2 21 күн бұрын

Looks up what "actuary" means after he says it for the 8th time because it's clearly something relevant to what he's talking about. I love my American education.

@steveh4534 18 күн бұрын

Not too many Brits understand what an actuary is or what they do either. They do however have great influence if they communicate effectively.

@callyman 21 күн бұрын

Az always great post!

@basilbrushbooshieboosh5302 21 күн бұрын

Honestly don't have faith in a coordinated human response to these global problems. I started my "adaption to climate change" strategies 25 years ago because I believe WE (all of us) will face the scenario of "adapt or perish" within 20 years. Some much earlier, not very many any later. I may be a physics and Earth-environment teacher but I think the whole topic and trends associated have been matter-of-fact and common-sense since the 1980's (for those who cared to look, of course). What has dumb-founded me is why so few have cared to look at information that will materially (and severely at that) affect their's and their families future in the very near term, physically and financially.

@danielmcardle3476 21 күн бұрын

You are a legend. Love your bold and intelligent stance! You manage to make the dark somehow a little lighter.

@A3Kr0n 20 күн бұрын

What's needed is a risk assessment? Colorful charts and endless committees don't solve predicaments.

@thezfunk 21 күн бұрын

My theory is that the rich are so interested in bringing the dinosaurs back from extinction that they are collaborating to raise the Earth's global temperature enough that when they successfully clone them, they can release them into the wild.

@michaelharrison1093 21 күн бұрын

Insurance companies are abandoning California in droves. Considering the fact that you can't get a mortgage for a home without having it insured we have a major problem looming

@rickallen848 20 күн бұрын

They are abandoning California because of oppressive government regulations that make making a profit difficult.

@nancylaplaca 19 күн бұрын

You rock thank you

@LandscaperGarry 22 күн бұрын

I remember the first time, 20-30 years ago, that I heard someone talk about insurance companies having trouble dealing with CC...made me realize it was a real thing. And, that was a long time ago. Now look at where CC is at...CC is a world wide issue that's not going away. What happens when no one, or company, can get insurance against CC? Scary thought really, but I do think were about to find out.

@Pecisk 22 күн бұрын

It will be forced upon governments first. Then governments will fail to recoup costs and will give up.

@mk1st 21 күн бұрын

And the Pentagon also realized it years ago.

@sedonars1 20 күн бұрын

@@mk1st Imagine, we now rely on the Pentagon for rational thinking and planning! Shows just how far Corporations have taken over our lives, cradle to Mass Graves!

@paulmorland6569 15 күн бұрын

How do you insure against climate change today?

@denisdufresne5338 16 күн бұрын

Humans are machines ruled immensely more by their emotions than by their rationality, which is why they often make stupid decisions against their own interests. For example, no one wants to lose their comforts and pleasures, so we construct stories to convince ourselves that our consumer behavior has no connection with the environmental consequences we've been observing around us for over 100 years. So there's no reason to act to reduce our consumption (it's "business as usual"). For others, it's the belief that humans can always get out of this mess with the help of new technologies... but isn't it technology that got us into this mess in the first place? Technology doesn't solve the problem of over-consumption, because it leads to even greater consumption of energy and natural resources, so more technology isn't the solution. These are the reasons why we insist on sticking to the adaptive mode instead of the preventive one. Preventive means voluntarily limiting ourselves, and since nobody wants to voluntarily limit themselves, we'll have to wait until the environmental consequences (floods, drought, famine, disease, reduced agricultural production) force us to do so painfully and in indescribable chaos. How far will human stupidity take us... to extinction?

@brettmeikle 21 күн бұрын

Ministry for the Future, by Kim Stanley Robinson, speculates on a spectrum of solutions to prevent chaos. Worth a read.

@stanleydipietro2406 22 күн бұрын

We are screwed!

@KoRntech 21 күн бұрын

I remember when they were talking about the 100 year flood becoming the 10 year flood when talking about insurance companies in the early 2000's

@polygonalmasonary 22 күн бұрын

When there are no more people to make a profit out of, then wealthy, rich powerful people will respond to climate change. Unfortunately, that day will be when the planet can no longer sustain human life. Very sad but that is how rich people operate. 😞🌈♥️🙏🇬🇧

@notdisclosed4597 22 күн бұрын

Humans will live on. The ones who live nomadic lives etc. there will be much strife, starvation, wars, some will live. no one will willingly go back to that type of life, not born into this modern world, its too tough and were too soft.

@sedonars1 20 күн бұрын

@@notdisclosed4597 Humans will not live on, because we have already turned over decision making to the SOCIOPATHS. The Sociopaths will kill us all, before they will let themselves be killed. We are in the process now in 80% of the Countries on the planet, and when Donnie becomes emperor of the West, He and Vlad will start pushing buttons randomly until it's all gone! There will be no option of Nomad when 100% of the atmosphere is radiated to a toxic level for 3.6 million years!

@Mike80528 21 күн бұрын

NIST has an RMF for IT systems, something I am very familiar with. I can tell you this recommendation makes sense from a governance perspective, but it is decades too late. There's no way to develop, agree to, and implement anything close to such a thing in just a matter of years...

@dermotdonnelly5495 19 күн бұрын

Great video as usual 👌

@martyschrader 22 күн бұрын

Yes. Hit them where they are concerned -- the pocketbook. "Hey, guys? If we don't do something about this warming thing we're going to lose a lot of money." Watch the attitudes change.

@macmcleod1188 22 күн бұрын

It's a nice idea but the tragedy of the commons remains.

@Pecisk 22 күн бұрын

First, they gonna make govs to offset costs.

@sedonars1 20 күн бұрын

@@Pecisk If you add up the National Debt, then compare it to the capitalization of the top 500 corporations, you will find them to be almost EQUAL. Talk about Socialism for the Rich, Capitalism for the poor!

@grahamt2672 20 күн бұрын

Great video, as always, thank you. It will be interesting to see if/where in the mainstream media this report pops up and how it's received. As you noted it's hard to paint an actuary as an alarm/activ/extrem/-ist. I truly hope that it does receive serious air-time, then perhaps we'll see action commensurate with the crisis we are facing - something like Seth Klein describes in his book A Good War.

@jamesphillips2285 22 күн бұрын

My read is that this year, being an El Nino year, is just a preview of things to come (in about 6 years).

@RussCR5187 21 күн бұрын

The economy will completely crash before then.

@davidsamways 17 күн бұрын

Good account Dave, and a good point about the risk to the planet, but of course we're not actually talking about the existential risk to all life. The risk is to us and many of the other species we really care about. Many species will survive, as many did after the K-T extinction event that did for the dinosaurs and opened the opportunity for mamals to become the dominant class of organisms.

@Kevin_Street 21 күн бұрын

Thank you for the new video. It certainly makes sense to assess climate risks in a financial way, since we're going to pay for them eventually. The global insurance industry is going to go through some particular challenges in the near future. But the end of their report (as you quote it in your video) doesn't feel that realistic to me. It's just that we're _really_ bad at long term governance and risk management. It's not even a political thing. You could take any government on Earth, any system of governance or economic management, take a look at their history and what you'll see is a list of catastrophes interspersed between periods of optimism. That's how we're wired. Terrible stuff happens, and then we deal with it. Heroes rise up, and so on. We're not wired to head off the terrible stuff before it happens. And holistic risk assessments... Well, they make sense when you're dealing with a global problem. The environment doesn't stop at national borders. But again, we don't work that way. We're a planet of stake holders, sometimes cooperating but often in conflict, and no one wants to support a policy that will fundamentally disadvantage their group more than the others. I think the way we're ultimately going to handle this crisis, is (to misquote Stephen Leacock) as a society that rides madly off in all directions. We're going to do everything we can, most of it a little too late, and barely squeak through at the end. We may go over some of the tipping points but not others, we may be do some geoengineering, fight a couple of wars, and ultimately complete the shift to renewable energy thanks to economic forces.

@davethefab6339 20 күн бұрын

See you there Dave.

@robjones8950 19 күн бұрын

Well done actuaries! It’s increasingly difficult to remain optimistic about solving climate change now that it’s become a focus for populists. China seems to be doing more than any other country to tackle global climate change using its industrial might and long view, albeit using some dubious means. It’s clearly in China’s long term interest; and everyone else’s. Are there any benign dictators available? In their absence, more proportional representation, citizen assemblies, citizen juries, etc might offer more hope. Meanwhile, electorates need re-educating about climate risk to highlight the risks in the tail and to demand better from our leaders.

@anthonymorris5084 18 күн бұрын

You must be joking. Benign dictators? China is a human rights abusing totalitarian dictatorship. It controls the media and the message. It executes more people than any other nation on Earth. It's conviction rate is in the 90% range. It leads the world in female infanticide. It has border disputes with every single one of it's neighbors. It is claiming the entire South China sea. Xi has openly and publicly threatened to invade Taiwan, a prosperous democracy. It is oppressing the people of Hong Kong. It invaded and annexed Tibet and Inner Mongolia. It's citizenry have no rights. The police can enter your home, arrest you and hold you without charge. China is the worst polluter on the planet. It uses fossil fuels to manufacture solar panels that it sells to the gullible West.

@eriktempelman2097 22 күн бұрын

I look forward to my city of Den Bosch becoming a beach resort, with previously Southern French temperatures 😢

@Zankras 20 күн бұрын

@7:45 It's worse than having no precedent for the warming coming our way. We actually have no precedent for the level of warming we're ALREADY AT. The problem is our biosphere has a lag time to stabilize at newer temperatures.

@anthonymorris5084 18 күн бұрын

Without scientific instruments you wouldn't even be aware that anything was happening.

@nigelhsenior 21 күн бұрын

Risk is very hard for the populous to understand. People tend to cross their fingers and hope for the best.

@Pecisk 22 күн бұрын

It will be very interesting how next years will start to look from insurers perspective. If insurance industry will start to collapse, it will reverb very heavily in economics. Gov will step in to guarantee some of bills, but not all of them. If companies can't cover their risks, they will decrease investments even more. I expect much more frequent boom / bust cycles, dropping all pretense of living space, etc. Problem is government are blinded by big money, and big money unfortunately is not betting on society anymore.

@Yanquetino 22 күн бұрын

Already shared it, Dave! Will the frogs in the pot pay attention? 🤔

@jennyfeatherstone3574 22 күн бұрын

That would take a thinking shift and a reality check so don't think so.

@id10t98 20 күн бұрын

50+ years ago, we were told the sun was 93 million miles away and an ever expanding, burning ball of gases. So if the distance has decreased say 20,000 miles in that time, imho that may account for some of our warming issue.

@john1boggity56 20 күн бұрын

Most of it since 1970? The warming pattern doesn't fit your hypothesis.

@garyjones101 22 күн бұрын

Awesome -- always awesome content. Thank you so much for exploring and sharing your research on these topics.

@JustHaveaThink 22 күн бұрын

Cheers Gary. I appreciate your support.

21 күн бұрын

I personally don't mind using the word "planet" in lieu of "world". A dead Earth is not the same Earth as a living one, even if it keeps spinning 😊

@seanlander9321 21 күн бұрын

Plenty of those red dots over Australia account for more rain in arid areas. It’s a real question if that is good or bad? Much of the arid areas for the last ten years have been unbelievably wetter, something not seen since the 1850’s. Swings and roundabouts?

@retiredteacher6289 21 күн бұрын

"All the right notes but not necessarily in the right order." 😂❤❤❤❤

@anthonymorris5084 16 күн бұрын

Inexpensive reliable energy, economic growth, wealth creation and the modern world that these things create, is what keeps you safe.

@RaglansElectricBaboon 21 күн бұрын

It is good that small 'c' conservative industries like insurance & actuaries are starting to squawk. They have real impacts on investment. Its sad that it has to come to this but at least they're here finally.

@Calligraphybooster 21 күн бұрын

No, thank you. I had my moment of revelation march16, 2016. Not telling me that it will go wrong -which I knew for decades already by then - but how it was inevitable. And that’s a strange life to live, I can assure you that.

@philiptaylor7902 21 күн бұрын

Bean counters - what do they know?!?

@zettaiengineer4202 22 күн бұрын

The obvious risks are fire and flood, less obvious is famine due to maladaption of food monocultures to changes in temperature, rainfall, and pestilence.

@sedonars1 20 күн бұрын

Yes, but food is not insured; therefor there is no risk!!!

@patrickjordan2233 22 күн бұрын

A question? Generally, most only talk about "best case scenario" regarding the economics impact of climate change... Given how we've generally overshot estimates from decades ago (on which much is model referenced) shouldn't we have a hard examine/public discourse of "worst case"? I know it'll be a brutal conversation, but doesn't it deserve to be in the public discourse? I, for one, think the Overton Window won't change quickly until we do... (Depressing as it is...)

@patrickjordan2233 22 күн бұрын

When I am confronted by denialists... I just challenge them to sit in a non-running car with the windows rolled up... On/for a full average summer afternoon... "Your car is a closed system, what do you think this spaceship called Earth is?.." -I've had no takers.... 🤣😂🤣 *Don't try this @ home, kids, I'm 6'3 & a muscular 255 lbs/1.9 meters & 115 kilos.."

@Mekuso8 22 күн бұрын

That last part is interesting, weighing the dangers of climate change versus the dangers of geoengineering. The worse climate change gets, the more this balance will tip in geoengineering's favor, so it's time to stop treating it like a threat and start looking more carefully into what options we have (without losing focus on decarbonizing, of course)

@danielfaben5838 22 күн бұрын

Without losing focus... when has there been focus? At least this has been tried. Geoengineering such as massive corralling of humans followed by digging very large pits? This may be effective at scale.

@reuireuiop0 20 күн бұрын

No Doubt, the richer , or, not so poor countries in the South , China and Arab oil nations in the lead, will propose to start spewing sulphates in the atmosphere. It's s clear it's working to decrease temps, but does nothing to lower emissions - likely will even work to postpone fossil reducing measures. If the rest of the world don't agree, China & Arabia might decide to do it anyway, as the rest of the world increasingly depends on their products.

@donovanjones4175 21 күн бұрын

I’m in the transportation industry, NAFTA was set up to run goods across the border for tax purposes, a big one being fuel tax, its design is to use fuel. Your equipment has to meet EPA requirements for the year it was built. With large corporations offloading the job to immigrants and all they can afford is an old truck. Corporations like Loblaws look greener by offloading the carbon onto the little guy. The government can subsidize oil and gas to the tune of billions but instead of using that money to get everyone into a Tesla, they tax the fuel we use . It places pressure on the food we use, houses and building cost, everything actually, and that is why we don’t trust our government. Bald face liars and complete idiots sending us to our doom. It’s May and our forests are already on fire out west.

@jasonstokes5469 9 күн бұрын

Economics from the start has been, and still is, the cause of all problems on the planet.

@olegt3978 18 күн бұрын

Degrowth in the solvency report is not an option. Only geengineering. Very good.

@karlwheatley1244 17 күн бұрын

ONnly de-growth can prevent catastrophic collapse.

@Bart-rp5kf 20 күн бұрын

It was our choice some time ago. Now there is no choice, because both are inevitable

@jam99 21 күн бұрын

Well, it's the start of a move towards the consideration of reality but when people still consider implementation through "democratic" processes, there is yet to be a full grasp. Did you see what Australia recently announced about gas? That's a democracy. Never mind massive places like China and Russia.

@sedonars1 20 күн бұрын

anyone who thinks there are any "Democracies" left, is naive at best. Electing representatives to decide things is not democracy. We have the technology for direct democracy of the masses, but the plutocracy has taken that away by force. Political Theatre is what we consume, Oligarchy is what we have.

@john1boggity56 20 күн бұрын

@@sedonars1 "Under capitalism, we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control". (Chomsky)

@jam99 20 күн бұрын

@@sedonars1 Do you want true democracy, as you describe it? How else do we decide things? What is the advantage while certain very persuasive groups have the power they have in the UK (e.g. religions, mainstream news media, social media)? Who determines what the citizens vote upon and what decisions we do or do not make? Who determines that the questions to answer are careful and avoid bias? Who should vote? A citizen needs to have a decent education before they can vote upon what they want to happen. Their level of education on any issue they might vote on should be far superior to what they "learn" from the news media. Most of them simply have not educated themselves to a high enough standard to make "good" decisions on most issues. How can they? What are their experiences? How much have they researched? Time is limited and most of them are busy doing their jobs. So one idea is that we vote for leaders who should gather the views of the citizens through careful questioning, become more highly educated, make decisions and explain why decisions have been made on behalf of the citizens. Has this ever truly happened for very long? I doubt it. Instead, we have compromise. Isn't it naive to think there has EVER been much of a "true" democracy? The political theatre you mention is largely a result of incompetent vain leaders performing for irresponsible news media focused on sensationalism, with the citizens somewhere far away.

@CanCobb 21 күн бұрын

Buying solar panels for every single family home in America might be cheaper than this Global Solvency whatever consultants. We don't need consultants. We need infrastructure and politicians who will build infrastructure to make infrastructure.

@creativecatalyst777 21 күн бұрын

Any thoughts on the aurora borealis being seen in the lower 48 recently?

@joesam45 21 күн бұрын

Have you done the segment on James Hanson's latest paper, global warming in the pipeline? If not worth a look

@john1boggity56 20 күн бұрын

Great post - yes definitely worth a look and a series of strong conversations. The aerosol masking effect suggests we are well over 2C since the 1850-1900 average.

@douglasbaney4652 22 күн бұрын

Insurance companies are issuing non-renewable notices for many of their customers because they are in high risk areas. But the reason for insurance is to spread the risk between customers. Right?

@petewright4640 22 күн бұрын

Yes but not in a way that those in low risk situations subsidize those who are high risk. If I drive a sports car I'm high risk and so pay more for my insurance. That's the way it should be. Also it will bring home the reality of climate change to the neigh sayers.

@guillermoherlt5141 22 күн бұрын

Definitely no. Insurance is a business.

@incognitotorpedo42 22 күн бұрын

Spread risk among customers with similar risk profiles. Insurance is not supposed to be a scheme where middle income people in the middle of the country subsidize those who enjoy a seaside lifestyle.

@JFB1111 22 күн бұрын

There is high risk and losing battle. Insurance companies will move out of losing battle areas as premiums they would need to charge you, if they stayed in area, would be vitually insane amount no one could afford.

@docwatson1134 22 күн бұрын

The insurer spreads risk such, that when they must pay coverage, they still show a profit. Abandoned assets will be in the billions, once assessed risk becomes too high, no one will insure the properties. W/O insurance...no permits, no public occupancy, no mortgages. If these sites are not kept secure, they will be taken possession of...by current homeless, by millions of future homeless created by widespread adoption of humanoid robots in industry and healthcare. Please tell me I'm wrong.

@fredhearty1762 21 күн бұрын

The US insurance industry appears to have reevaluated risk of severe climate-related disasters such as hurricanes and wild fires -- and increased rates accordingly. This approached is pricing entire regional populations -- like Florida and western mountain communities -- out of range for many/most residents. Per this report, a realistic risk evaluation (1 in 200 for instance) is a disaster in the making... second only to burying head in sand and waiting for the actual disasters to come bit us in the behind.