Environment – The Green Revolution

By Padmini Arhant

The two major disasters in the energy fields viz. the West Virginia coal mine explosion killing at least 25 miners and the gulf oil spill with 11 workers presumed dead is a great tragedy for the victims’ family,

Notwithstanding the catastrophic impact on the environment along with the economic costs involved in rescue operation of the species and the cleaning required in protecting life and livelihood.

As stated earlier through numerous environment articles on this website, no matter how vigorously the energy independence is debated claiming the “offshore drilling,” “clean coal technology,” and “nuclear power,” as the reliable energy resources,

The inherent danger to the workforce and the habitat from these sources cannot be underestimated for it is repeatedly proved through these horrific mishaps.

The catchphrase – ‘Drill baby drill,’ ‘drill now – offshore,’ and every other area with liquid gold, regardless of the consequences is the myopic view driving the global energy quest endangering life on planet.

Already the several accidents in the related sectors have been responsible for the irreversible outcome producing loss of human life and rare species extinction.

In addition, it has created huge environmental hazards as well as economic liabilities that are shared nationally.

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Thank you.

Padmini Arhant

Reflection on the World Economic Forum – Davos, Switzerland

By Padmini Arhant

The World Economic Forum on January 27 – 31, 2010, at Davos, Switzerland contemplated the global economic crises.

Speakers from the large consortium expressed their thoughts and hope or the lack thereof about the global economic prospects at the annual meeting.

Summarizing the summit issues:

The general focus has been:

The economic recession.

The financial crisis and the need for financial reform.

U.S economy, the dollar, the deficits and the gridlock in Washington due to Special Interests’ control of Congress.

Skepticism on the EURO currency strength and concerns regarding European market from the economic struggles in Greece, Spain, Iceland, Ireland, Portugal, Latvia to name a few.

Further exacerbated by the majority euro members surpassing the 3percent budget deficit cap, a criteria for the euro currency usage.

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Thank you.

Padmini Arhant