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jerryking : man-made   5

Disaster and the Wealth of Nations - WSJ
By The Editorial Board
Aug. 27, 2017

The costs will be enormous in losses to property as the region dries out, but the good news is that a rich country like the United States has the resources to respond. The means to cope with disaster, natural or man-made, is one reason that we put so much focus in these pages on policies that promote sustained economic growth and the wealth that flows from it.

Immunity from nature’s fury is an illusion that humans cultivate until we are forced to confront that fury again. We forget the damage that storms and earthquakes can do. Complex societies can better cope with the damage if they have a reservoir of accumulated wealth that governments and private sources can devote to alleviating the suffering and helping communities rebuild.
disasters  natural_calamities  illusions  optimism_bias  man-made 
august 2017 by jerryking
Flood. Rinse. Repeat: The costly cycle that must end
May 07, 2017 | The Globe and Mail |GLENN MCGILLIVRAY, managing director, Institute for Catastrophic Loss Reduction

Once again, homes located alongside a Canadian river have flooded, affected homeowners are shocked, the local government is wringing its hands, the respective provincial government is ramping up to provide taxpayer-funded disaster assistance and the feds are deploying the Armed Forces.

In Canada, it is the plot of the movie Groundhog Day, or the definition of insanity attributed to Albert Einstein: Doing the same thing over and over again and expecting a different result.....First, a homeowner locates next to the river, oftentimes because of the view (meaning a personal choice is being made). Many of these homes are of high value.

Then the snow melts, the ice jams or the rain falls and the flood comes. Often, as is the case now, the rain is characterized by the media as being incredible, far outside the norm. Then a scientific or engineering analysis later shows that what happened was not very exceptional.

These events are not caused by the rain, they are caused by poor land-use decisions, among other public-policy foibles. This is what is meant when some say there are no such things as natural catastrophes, only man-made disasters.

Finally, the province steps in with disaster assistance then seeks reimbursement from the federal government through the Disaster Financial Assistance Arrangements. In any case, whether provincial or federal, taxpayers are left holding the bag.....So what is the root of the problem? Though complex problems have complex causes and complex solutions, one of the causes is that the party making the initial decision to allow construction (usually the local government) is not the party left holding the bag when the flood comes.

Just as homeowners have skin in the game through insurance deductibles and other measures, local governments need a financial disincentive to act in a risky manner. At present, municipalities face far more upside risk than downside risk when it comes to approving building in high-risk hazard zones. When the bailout comes from elsewhere, there is no incentive to make the right decision – the lure of an increased tax base and the desire not to anger local voters is all too great.

Reducing natural disaster losses in Canada means breaking the cycle – taking a link out of the chain of events that leads to losses.

Local governments eager for growth and the tax revenue that goes with it need to hold some significant portion of the downside risk in order to give them pause for thought.
floods  catastrophes  natural_calamities  design  insurance  public_policy  disasters  relief_recovery_reconstruction  sustainability  municipalities  skin_in_the_game  disincentives  Albert_Einstein  complex_problems  land_uses  moral_hazards  man-made  hazards  downside_risks 
may 2017 by jerryking
Grand Old Planet - NYTimes.com
By PAUL KRUGMAN
Published: November 22, 2012

What was Mr. Rubio’s complaint about science teaching? That it might undermine children’s faith in what their parents told them to believe. And right there you have the modern G.O.P.’s attitude, not just toward biology, but toward everything: If evidence seems to contradict faith, suppress the evidence.

The most obvious example other than evolution is man-made climate change. As the evidence for a warming planet becomes ever stronger — and ever scarier — the G.O.P. has buried deeper into denial, into assertions that the whole thing is a hoax concocted by a vast conspiracy of scientists. And this denial has been accompanied by frantic efforts to silence and punish anyone reporting the inconvenient facts.
Paul_Krugman  GOP  creationism  inconveniences  man-made 
november 2012 by jerryking
The Age of Pandemics - WSJ.com
MAY 2, 2009 | Wall Street Journal | By LARRY BRILLIANT
Modernity--population growth, climate change and increased contact
between humans and animals--is causing more new viruses with pandemic
potential to jump from their traditional animal hosts to humans.
Brilliant outlines what the world needs to do to prepare.

Indeed, to the epidemiological community, the Influenza Pandemic of 2009 is one of the most widely anticipated diseases in history. ....The current pathogen creating the threat is actually a mixture of viral genetic elements from all over the globe that have sorted, shifted, sorted, shifted, drifted and recombined to form this worrisome virus.....Here's the good news: Compared with a few years ago, the world is somewhat better prepared to deal with pandemic influenza. There have been training meetings, table-top exercises, dry runs and preparedness drills at virtually every level of government and civil society. ......Here's the bad news: Today, we remain underprepared for any pandemic or major outbreak, whether it comes from newly emerging infectious diseases, bioterror attack or laboratory accident. We do not have the best general disease surveillance systems or "surge" capacity in our hospitals and health-care facilities......And there is worse news: The 2009 swine flu will not be the last and may not be the worst pandemic that we will face in the coming years. Indeed, we might be entering an Age of Pandemics........In our lifetimes, or our children's lifetimes, we will face a broad array of dangerous emerging 21st-century diseases, man-made or natural, brand-new or old, newly resistant to our current vaccines and antiviral drugs.....Bioterror weapons are cheap and do not need huge labs or government support. They are the poor man's WMD.....
21st._century  bad_news  bioterrorism  disaster_preparedness  disease  disease_surveillance  epidemics  flu_outbreaks  genetic_drift  genetic_shift  infections  influenza  man-made  modernity  pandemics  pathogens  preparation  sorting  surge_capacity  underprepared  viruses  zoonotic 
may 2009 by jerryking

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