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It's a beautiful thing when simultaneous fires in Northern and Southern California are able to bring out regional rivalries.
Northern California can't compete with the press coverage from man on the street interviews with the Sheen family or Gerard Butler tweeting his burned out house. Why this is something to angrily tweet about, I'm not sure.
Anyhow, its kind of crazy that a drizzle back on Halloween (normally around the time we get our first rain of the season) would have almost certainly stopped this from getting so bad.
So what happens if a utility goes bankrupt? Too big to fail all over again?
I can't speak to utilities, but NPR had a guest a couple weeks ago, I can't recall her name but she oversaw the gov't bailout of the banks in 2008. She said that we are both on track for another major recession event, and that her greatest fear is that the next one will be exacerbated by our current ideological divides; she says the next bailout will be positioned as a threat to democracy.
Maybe my response would fit better in the Economy thread, but there you have it.
SACRAMENTO, Calif. - Shares of Pacific Gas & Electric soared Friday after California's top utility regulator said his agency will help the company deal with potentially crippling liability costs from wildfires.
Stock prices soared nearly 38 percent after plunging 60 percent and losing $15 billion in valuation in the week following the Northern California wildfire that is the nation's deadliest in a century.
So who bought a ton of PGE stock the other day?
I get it. I don't like it, but I get it.
Quote:
In an interview with the San Francisco Chronicle, Picker said his agency will soon implement a provision in a new state law that makes it easier for utilities to pass costs for past wildfires to their customers. He said additional legislation may be needed to ensure that provision applies to this year's fires.
Joined: Wed December 12, 2012 10:33 pm Posts: 6932
What's going on in Paris right now should be a major warning sign for technocratic AGW hawks who think that pricing greenhouse gases is a complete no-brainer policy that the general public's going to easily accept.
likes rhythmic things that butt up against each other
Joined: Wed January 02, 2013 7:18 pm Posts: 567 Location: Alone in a corridor
It took surprisingly long though. They've been cutting down on public transport for years. Small villages are completely deconnected. Banks, supermarkets, ... are all gone from those small villages because of 'restructuring' and then the rich, new-leftist/greens (which is basically the same here and only lives in the cities) tell everyone "go by bike or public transport", right wing gov fully agrees for once and raises tax on fuel, because that's good for the environment and will motivate people to leave the car at home and certainly not because raising taxes to get themselves paid more is their favourite hobby. So you have a whole new lower middle class who lives on the countryside that suddenly has trouble making ends meet. And of course, protests against government and prices will attract anarchists & other leftist groups who are always in for a little party, so things get a little out of hand, police reacts strongly and the topic changes from "where do these obscene high fuel prices suddenly come from?" to "must be tough on violence". Same in France, same in Belgium.
But we're all going to pretend we're surprised that we won't vote for the traditional parties anymore and go from one extreme to the other.
Joined: Wed December 12, 2012 10:33 pm Posts: 6932
Angus wrote:
It took surprisingly long though. They've been cutting down on public transport for years. Small villages are completely deconnected. Banks, supermarkets, ... are all gone from those small villages because of 'restructuring' and then the rich, new-leftist/greens (which is basically the same here and only lives in the cities) tell everyone "go by bike or public transport", right wing gov fully agrees for once and raises tax on fuel, because that's good for the environment and will motivate people to leave the car at home and certainly not because raising taxes to get themselves paid more is their favourite hobby. So you have a whole new lower middle class who lives on the countryside that suddenly has trouble making ends meet. And of course, protests against government and prices will attract anarchists & other leftist groups who are always in for a little party, so things get a little out of hand, police reacts strongly and the topic changes from "where do these obscene high fuel prices suddenly come from?" to "must be tough on violence". Same in France, same in Belgium.
But we're all going to pretend we're surprised that we won't vote for the traditional parties anymore and go from one extreme to the other.
Great explanation. You need to actually build the infrastructure that replaces fossil fuel consumption instead of just throwing up a tax and claiming it will all sort itself out.
It took surprisingly long though. They've been cutting down on public transport for years. Small villages are completely deconnected. Banks, supermarkets, ... are all gone from those small villages because of 'restructuring' and then the rich, new-leftist/greens (which is basically the same here and only lives in the cities) tell everyone "go by bike or public transport", right wing gov fully agrees for once and raises tax on fuel, because that's good for the environment and will motivate people to leave the car at home and certainly not because raising taxes to get themselves paid more is their favourite hobby. So you have a whole new lower middle class who lives on the countryside that suddenly has trouble making ends meet. And of course, protests against government and prices will attract anarchists & other leftist groups who are always in for a little party, so things get a little out of hand, police reacts strongly and the topic changes from "where do these obscene high fuel prices suddenly come from?" to "must be tough on violence". Same in France, same in Belgium.
But we're all going to pretend we're surprised that we won't vote for the traditional parties anymore and go from one extreme to the other.
Great explanation. You need to actually build the infrastructure that replaces fossil fuel consumption instead of just throwing up a tax and claiming it will all sort itself out.
How does that defeat capitalism and avenge colonialism?
_________________ "The fatal flaw of all revolutionaries is that they know how to tear things down but don't have a f**king clue about how to build anything."
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