[MCN] How the future of the economy looked in 2001

[Lance Olsen]

Big Scary Monsters.The Economist. July 21 2001

"The driving force behind what little economic 
growth is now taking place in the world is, you 
might argue, America's housing market."

  "Š the economy relies too much on a single 
sector, housing, to avoid recession."

"Indeed, there may right now be the makings of a bubble in house prices."

"Š become the source of the next global financial crisis."


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"This study informs debate in the literature 
regarding whether these increasingly large fires 
are 'ecological catastrophes.' Landscape-scale 
severe burning was catastrophic from a tree 
overstory perspective, but from an understory 
perspective, burning promoted rich and productive 
native understories, despite the entire 10-year 
postfire period receiving below-average 
precipitation."

SCOTT R. ABELLA and PAULA J. FORNWALT. Ten years 
of vegetation assembly after a North American 
mega fire. Global Change Biology (2014), doi: 
10.1111/gcb.12722

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
"Not surprisingly, policy strategies to address 
wildfires often emphasize fuel reduction (8,9). 
However, even where strategies recognize 
interacting cultural, environmental and economic 
dimensions of wildfire (10,11,12), few tackle the 
difficult land-use issue of where and how humans 
choose to build their communities in the first 
place."

Max A. Moritz et al. Learning to coexist with 
wildfire. Nature 515, 58-66 (06 November 2014) 
doi:10.1038/nature13946
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