KEVIN DRUM: “Money Talks, and It Says Climate Change Is Real Kevin Drum”


From Mother Jones:

Climate scientists, of course, have been predicting global warming trends for quite a while. So how do their models compare to the predictions made by people who have to put their money where their mouths are? Pretty closely, it turns out. Here, for example, is the predicted number of “cooling days” (i.e., hot days that will require cooling) during the summer for the past couple of decades:

The light and dark blue lines are the two most widely used NASA climate models. The green line shows the equivalent projection based on the futures market. Guess what? When money folks have to hedge the weather, it turns out they listen to climate scientists. Their projections closely match the predictions made by climate models.

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Luke O’Neil: What I’ve Learned From Collecting Stories of People Whose Loved Ones Were Transformed by Fox News


From NY Magazine:

No matter where the stories came from they all featured a few familiar beats: A loved one seemed to have changed over time. Maybe that person was already somewhat conservative to start. Maybe they were apolitical. But at one point or another, they sat down in front of Fox News, found some kind of deep, addictive comfort in the anger and paranoia, and became a different person — someone difficult, if not impossible, to spend time with. The fallout led to failed marriages and estranged parental relationships. For at least one person, it marks the final memory he’ll ever have of his father: “When I found my dad dead in his armchair, fucking Fox News was on the TV,” this reader told me. “It’s likely the last thing he saw. I hate what that channel and conservative talk radio did to my funny, compassionate dad. He spent the last years of his life increasingly angry, bigoted, and paranoid.”

Fox News, and all the right-wing, conspiracy theory laden sites out there, changes people.  Full stop.

“The Dutch East India Company was richer than Apple, Google and Facebook combined”


From the Dutch Review:

The company was also the first official company to issue stocks, which peaked during the Dutch “Tulip Mania”, a craze for tulip bulbs that is seen as the world’s first true financial bubble. The VOC’s stocks pushed the company’s worth to a massive 78 million Dutch guilders, which is a pretty solid business even today, but translates to a whopping $7,9 trillion dollar worth today… Yes, really, trillion. That’s 7,900 billion – or 79,000 million!