not the Fed’s job to stop people from losing money.”
Your premium is also
credited with a minimum guaranteed interest rate, meaning
your cash value is guaranteed to grow each month. And
if your clients were to tire of the product, they have the
option to request for a full return of your single premium –
providing an increased level of flexibility that most clients
are looking for.
your clients utilize an existing asset – whether that be money
set aside in CDs, savings accounts, or other liquid funds – as
RECOMMENDING AN ASSET BASED LTCI PRODUCT FOR YOUR CLIENTS, YOU
CAN BE CONFIDENT THAT:
client’s premiums will never increase
amount of death/ long-term care benefits are guaranteed
money earns interest with a minimum guaranteed interest rate
will never outlive their plan benefits when you select the
optional Lifetime Benefit feature
benefits are received income-tax free
accumulation is tax-deferred
Insurance benefit, if unused for LTCi purposes, is payable
on a tax-free basis
policy can cover an individual or joint insureds – including
spouses, partners, siblings, and even parents/ siblings
sources can include: CDs, money market accounts, cash, life
insurance cash value, annuities, and qualified assets
designed as a single premium, but clients can pay premiums
for 1 to 20 years, or even lifetime payments on a guaranteed
conjures up specters of 2007-2009, the most severe business
downturn since the 1930s in which the S&P 500 Index
plunged 57 percent from its peak to its trough. The Fed raised
its target rate from 1 percent in June 2004 to 5.25 percent in
June 2006, but the main event was the financial crisis spawned
by the collapse in the vastly-inflated subprime mortgage
the central bank increased its policy rate from 4.75 percent
in June 1999 to 6.5 percent in May 2000. Still, the mild
2001 recession that followed was principally driven by the
collapse in the late 1990s dot-com bubble that pushed the
tech-laden Nasdaq Composite Index down by a whopping 78
percent. (EFM- Mild?? The losses totaled 49%)
1973-1975 recession, the second deepest since the 1930s,
resulted from the collapse in the early 1970s inflation hedge
buying of excess inventories. That deflated the S&P 500 by
48.2 percent. The federal funds rate hike from 9 percent in
February 1974 to 13 percent in July of that year was a minor
remaining eight post-World War II recessions were not the
result of major financial or economic excesses, but just the
normal late economic cycle business and investor
overconfidence. The average drop in the S&P 500 was
EFM- I thought last year that there
would only be 3 increases in interest rates for 2018. There were
four. With less confidence I felt there would only be two
increases in 2019. The FED now says none. I also felt that
a recession was possible in late 2019. Schilling feels
that the upcoming recession will drop stock prices to around 20%
since there is no major upheavals embedded in the economy- tech
in 2000, the real estate in 2008. But if the U.S. coughs- the
world catches cold. From Brexit, China, Russia, North Korea,
Venezuela, Iraq, Trump- I think this could break normalcy
and cause a greater drop.
spread, or yield curve, between the three-month and 10-year
Treasury notes just broke the longest streak ever of being
above 10 basis points, or 0.1 percentage points. The two
maturities were last below that level in September 2007, a run
of 3,009 trading days, according to Bespoke Investment Group.
In Thursday afternoon trading, the spread was just 5 basis
points, or as close to inversion as just before the
there is an excellent graph showing how the curve has looked
3/24: Midwest flooding
devastated farmers and rural towns in the Midwest, forcing
questions for many people about whether they will stay loyal
to a home they
love. With climate change making extreme weather events more
Americans now see an unforgiving Mother Nature that
threatens their way of life
with growing frequency.
flooding and severe weather is also emboldening some Midwesterners
louder advocates for the help they need from politicians to
communities and livelihoods.
here is the problem. THERE IS NOT ENOUGH MONEY TO CORRECT
THIS SITUATION. If the land is not lost right now, it
will be a very short time coming. So what happens when New
Orleans goes under? Does the government pay those in Houston
that have lost their homes? Puerto Rico is still devastated.
Is California going to lose farm land? Will the Sacramento
area go under when the levies break? Yes. Can the levies be
fixed now? Not really- there isn't enough money.
IS NOT ENOUGH MONEY
3/22: Brexit is delayed two months.
Not sure it will make much difference.
Exceptional detail- not meant for
the consumer. Actually, it will be difficult for all agents. But
it will give you an idea just how manipulative an illustration
can be (and are).
specter of major flooding on the Mississippi River upstream
from New Orleans is a more perilous situation now than in
years past, some researchers believe. That's partly because
the river floor has risen significantly higher over the
years as sediment has collected in the river bottom,
situation is so serious that Xu believes a "mega flood" could
overpower a giant flood control structure north of New Orleans
and send the Mississippi River rushing down another path
entirely and creating a new route to the Gulf of Mexico.
That would allow the Gulf to push saltwater upstream into the
river, ruining the drinking water supply for metropolitan New
EFM- considering bomb cyclones et
al, this may be a serious outlier- but one that must be
rationally considered. Unfortunately, there is not enough money
to protect from Mother Earth who is obviously pissed as to what
we have done to her property.
3/21: Just another reason why South
America is just too volatile to invest in.
3/21: Another Alzheimer's failure
company Biogen and its Japanese partner Eisai have announced
they will cease
clinical trials for a Alzheimer’s disease treatment,
EFM- I am not aware of any drug
that has truly helped these patients
3/20: US debt
U.S. national debt has crossed $22 trillion — the highest
ever. In the first four months of the 2019 fiscal year
(October 2018-January 2019), the federal budget deficit
ballooned to $310 billion, up 77% from the same time last
year, as revenues fell 2% to $1.1 trillion and
spending rose 9% to $1.4 trillion,
calendar 2018, the budget deficit grew to $873 billion,
28% over that of 2017. The culprit was lower tax
revenues after the passage of the 2017 Tax Cuts and Jobs Act.
That picture will worsen, the nonpartisan Congressional Budget
Office (CBO) warned, projecting that
the U.S. would add another $12.2 trillion in debt over the
next decade to reach levels not seen since World War II in
banks have not shrunk in size since the financial crisis of
2008, and shows that the banks have also remained complex,
despite a drive to reduce instability risks by simplifying the
of bank complexity was one of the policy priorities of the
post-crisis period,” the paper said. “Regulatory frameworks
continue to focus on limiting the risk of failure by improving
risk absorption capabilities and on improving resolution
mechanisms for dealing with these BHCs in the event of
failure. Some forms of BHC complexity significantly
declined, even while the largest of the large remain highly
complex on organizational, business, and geographic
dimensions,” it said.
EFM- So will there be another run
on the bank with the next recession??
3/20: Sit stand, then fall down
yourself to the floor, crisscross style, without bracing
yourself with your hands, knees, arms, or sides of your legs.
If you can stand back up, again without the aid of those body
parts, you’ve scored a perfect 10 (five points for sitting,
five points for standing). You lose a point every time you
support yourself with a forbidden joint or appendage.
researchers tested 2,002 adults 51 to 80 years old, and then
followed them until a participant died or until the study
concluded, which was a median of 6.3 years. In that time, 159
people died — only two of whom had scored a perfect 10. Those
who had the lowest score of zero to three points had a risk of
death that was five to six times higher than those who scored
eight to 10 points.
is well known that aerobic fitness is strongly related to
survival, but our study also shows that maintaining high
levels of body flexibility, muscle strength, power-to-body
weight ratio and co-ordination are not only good for
performing daily activities, but have a favorable influence on
current target allocation is 30.5% domestic large-cap
equities, 28% fixed income, 11% international equities, 10%
real estate, 7% infrastructure, 5% emerging markets equities,
4.5% domestic midcap equities and 4% domestic small-cap
is not aht different from Sept 2018-
of Sept. 30, the actual allocation was 30.9% domestic
large-cap equities, 27.8% fixed income, 11.9% international
equities, 10.4% real estate, 6.4% infrastructure, 4.6%
domestic midcap equities, 4.3% emerging markets equities, 3.3%
domestic small-cap equities and 0.4% cash.
Americans spent $3.5 trillion on health care — a
level nearly equal to the economic output of Germany, and twice
as much as other wealthy countries spend per person,
on average. Not only is this a problem for the people
seeking care; it’s also a problem for the companies they
work for. Currently, about half of Americans are insured
through an employer, and in recent years companies have
borne the financial brunt of rising costs. Frustrated, many
employers have shifted the burden to workers, with average
annual deductibles rising by more than 50% since 2013.
has even gone so far as to argue that health care costs
hamper economic competitiveness more than taxes do.
fundamental economics of the global life insurance industry
are broken, with distribution consuming an increasing share of
the industry’s total economic value, particularly compared
with customers’ declining share. After decades of limited
innovation, traditional distribution is on the cusp of
meaningful change—especially in the agency channel—which will
unlock benefits for all stakeholders.
course, transformational change is not so easy to accomplish.
Agents have historically been resistant to change,
significant amounts of technology and innovation are
required, and some carriers still struggle to separate the
performance of new business from that of the in-force book.
today’s newsletter, we will take a quick look at some of the
critical figures and data in the energy markets this
We will then look at some of the key market movers early this
week before providing you with the latest analysis of the top
news events taking place in the global energy complex over the
past few days. We hope you enjoy.
sure you don't miss out on Tomorrow's new and improved
Oil & Gas Insider,
where we tackle the implications of China's global energy
investment strategy. Sign up today for
your free trial.
- U.S. natural gas production soared to a new all-time high in 2018, rising
by a massive 10 billion cubic feet per day (Bcf/d), an 11
percent increase from the year before.
- The increase was the largest ever
recorded in a single year.
- Natural gas exports jumped to 9.9 Bcf/d,
up 14 percent from the year before. That figure includes
both pipeline and LNG exports. LNG exports rose by 53
percent to 3 Bcf/d.
second-highest official after President Xi Jinping, said at
his annual news conference that the answer lay in cutting
corporate taxes and deregulation, and not a return to the
strategy during previous downturns of printing money and
ramping up government spending. However, recently released
economic data has suggested that the government is indeed
turning to monetary expansion and heavy infrastructure
investments in an effort to stabilize growth.
used to believed that “traditional” autocratic governments
were devoid of grand theories about society and, for the most
part, left their people alone. Unlike communist governments,
they had no universalist pretensions, no anti-liberal
“ideology” to export. Though hostile to democracy at home,
they did not care what happened beyond their borders. They
might even evolve into democracies themselves, unlike the
“totalitarian” communist states. We even got used to regarding
them as “friends,” as strategic allies against the great
radical challenges of the day: communism during the Cold War,
Islamist extremism today.
authoritarianism has emerged as the greatest challenge
facing the liberal democratic world — a profound
ideological, as well as strategic, challenge. Or, more
accurately, it has reemerged, for authoritarianism has always
posed the most potent and enduring challenge to liberalism,
since the birth of the liberal idea itself. Authoritarianism
has now returned as a geopolitical force, with strong nations
such as China and Russia championing anti-liberalism as an
alternative to a teetering liberal hegemony. It has returned
as an ideological force, offering the age-old critique of
liberalism, and just at the moment when the liberal world is
suffering its greatest crisis of confidence since the 1930s.
It has returned armed with new and hitherto unimaginable tools
of social control and disruption that are shoring up
authoritarian rule at home, spreading it abroad and reaching
into the very heart of liberal societies to undermine them
Look for the inverted yield curve. And
v. Wainwright (1963)
Supreme Court decision granted poor criminal defendants
the right to have a lawyer represent them in court in state
criminal cases even if they could not afford one
The more money you have, the better the attorney, the better
you will be received in court. And the better the resolution.
is disproportionately caused by whites, but disproportionately
inhaled by black and Hispanic minorities," the study said.
air quality remains the largest environmental health risk in
the United States, the study warns. In fact, with 100,000
deaths per year, more Americans die from air pollution
than car crashes and murders combined.
though minorities are contributing less to the overall problem
of air pollution, they are affected by it more,” said study
co-author Jason Hill, an engineering professor at the
University of Minnesota, who is white. “Is it fair (that) I
create more pollution and somebody else is disproportionately
affected by it?”
said that while the air in the U.S. has gotten cleaner in the
past decade, pollution inequity has remained stubbornly high.
is especially surprising is just how large pollution inequity
is and has been for well over a decade,"
half of Americans surveyed (48 percent) mistakenly believe
all financial advisors are required by law to always act in
their clients’ best interest, according to new data from
leading digital wealth manager Personal Capital. In its 2019
Financial Trust Report,
released today, Personal Capital also revealed that 65
percent of investors who work with a financial advisor
incorrectly believe that financial advisors only make
recommendations that are in a client’s best interest, an
increase from 46 percent in 2017.
one in three Americans surveyed (30 percent) think a financial
advisor is likely to take advantage of a consumer, almost all
(97 percent) trust that their own financial advisor will act
in their best interests.
the lack of awareness around advisors’ legal obligations to
their clients, nearly one in five investors surveyed (18
percent) were unable to identify if their advisor is a
broker/dealer or a fiduciary. The 26 percent who indicated
their advisors are broker/dealers should reconsider whether
they are receiving unbiased financial advice.
investing their money, the survey found Americans are most
likely to trust a Registered Investment Advisor (28 percent),
followed by a big bank/brokerage firm (21 percent), a local
advisory company (14 percent) and an online platform or mobile
application that offers financial advice (8 percent) with
their money, though one in three Americans wouldn’t trust any
of the listed options.
model also factored in 79 "drivers" of health, such as
smoking, body mass index (obesity) , clean water and good
sanitation conditions, along with other variables, such as
fertility measurements, income and education. Then, the
researchers plugged in numbers to predict three separate
scenarios: a "most-likely" forecast, a "better-health"
scenario and a "worse-health" scenario.
The "most-likely" scenario, the top
eight causes of early death in 2040 are expected to be ischemic
heart disease, stroke, lower-respiratory infections, chronic
obstructive pulmonary disease
(a lung disease that
blocks airflow), chronic kidney disease, Alzheimer's
In this scenario, the life expectancy in the U.S. is projected
to be 79.8 years in 2040, up only 1.1 years from the 2016
estimate, the researchers found. Other parts of world would
see greater improvements, however; for example, life
expectancy in Syria is predicted to rise from 68.2 years in
2016 to 78.6 years in 2040, and in Equatorial Guinea it's
predicted to rise from 65.6 years in 2016 to 75.9 years in
Life expectancy is also projected to exceed 85 for both men
and women in Japan, Singapore and Spain and to top 80 in 59
other countries, including China.
On the one hand, accelerating technology provides a great
opportunity to push toward the "better" scenario, while an
absence of policy action could thrust the world into the
Under the "better-health" scenario, men could gain an
additional 7.8 years, on average, in life expectancy by 2040
and women could gain 7.2 years, on average. What's more, life
expectancies in 158 countries would increase by at least five
years, and 46 of those countries would see increases of at
least 10 years, according to the report..
Under the "worse-health" scenario, on the other hand, life
expectancy is projected to go down in nearly half of the
countries examined, the report found. Perhaps most striking,
the authors wrote, is that deaths from HIV/AIDS could
increase by 120 percent in this scenario.
key health drivers that can lead to early death are high
blood pressure, high body-mass index, high blood sugar, and
tobacco and alcohol
Life expectancy in England
positioning ourselves for the back half of the year for a
the “2017/2018 Willis Towers Watson
Global Benefits Attitude Survey,” which showed a clear
relationship between employees' financial worries and their
work performance, engagement levels, and record of absences.
Specifically, the survey revealed that employees who
were struggling financially lost 41% more work time to
absence than peers without financial worries, had lower
engagement levels than their peers without financial
worries (51% vs. 29%), and were less productive than their
peers without financial worries (32% vs. 5%).
of this analysis showed that 24% of
the employees had high stress levels, 33% were experiencing
medium stress levels, and 43% had low stress levels.
Additional analysis indicated that middle-aged employees
(aged 35-54) were far more likely to be in the high and
medium financial stress groups than their younger (aged
18-34) and older (aged 55+) counterparts.
employers are increasingly taking a
holistic view of employee well-being, and are developing
strategies that both engage and appeal to their employees.
For example, they noted, 55% of respondents in 2018 said
they provide access to telemedicine, up sharply from just
24% of respondents surveyed in 2016; and another 14%
anticipate adopting telemedicine by 2020.
The survey also found that significant
shares of employers are improving their health care
benefits, with 22% of respondents indicating that they offer
employees three medical insurance plans, and 13% reporting
that they offer four or more options. The survey also found
that the share of respondents who said they made health
savings accounts (HSAs) available to employees rose to 24%
in 2018, up two points from 2017.
The findings also showed that having
more family responsibilities was associated with higher
stress levels. For example, researchers noted, 69% of the
high-stress group, but just 42% of the low-stress group, had
children; and more than a quarter of the high-stress group,
but only 10% of the low-stress group, were single household
The relationship between financial
stress and time lost to absence was measured by employees'
use of sick days, unpaid leave, and non-pregnancy-related
disability leave. The results indicated that for every one
absence day taken by the employees with low stress levels,
the employees with high stress levels took 1.75 absence
days, and the employees with medium stress levels took 1.37
employers are looking for ways to
reduce medical expenses by, for example, offering preventive
care benefits such as flu shots, tobacco cessation programs,
health risk assessments, and biometric screenings. Moreover,
the share of respondents who indicated that they offer
disease management programs designed to help employees with
chronic conditions better control their health outcomes
increased to 38% in 2018, up nine points from 2017; and
another 17% said they plan to start offering these programs
The survey also found that the share
of employers who rated their health benefits as competitive
within their industry or region increased in 2018 to 74%, up
from 71% in 2017; but that employees' satisfaction levels
with their health options did not change. Researchers
speculated that the expense of family health coverage might
explain this pattern, as a much smaller percentage of
respondents said they believe their family health coverage
is affordable (53%) than said they think their individual
coverage is affordable (81%).
observed that as employers are recognizing that financial
stressors can negatively affect productivity in
organizations, they are increasingly providing financial
well-being programs that prepare employees to make better
saving and spending decisions. In 2018, 62% of respondents
reported offering employees access to financial advisors,
and 47% indicated they provide financial literacy education.
In addition, 43% of 2018 respondents reported that they are
taking steps to measure employee retirement readiness,
compared to just 33% in 2016.
the employers surveyed in 2018 said they provide tuition
assistance, up from 42% in 2017. Moreover, 82% of
respondents said they offer their employees the opportunity
to connect with the charitable causes they champion through
North Korea is considering dropping nuclear talks with the US and restarting
missile launches and nuclear tests just weeks after Donald
Trump walked out of denuclearisation talks with Kim Jong Un.
This divorce could get messy with worsening rhetoric about
Little Rocket Man.
number of reports of financial fraud against older adults has
quadrupled since 2013, with 63,500 filed reports
describing more than $1.7 billion in actual losses or
attempted thefts in 2017,
The average loss in 2017 was
$34,200, although 7% of victims lost more than $100,000 each.
of those who lost money were aged 80 or more years, losing
an average of $39,200.
of the reports involved money transfers, with an average
loss of $32,800.
of the reports involved checking or savings accounts, the
type of financial product with the highest average monetary
were greater when the older adult knew the suspect,
averaging $50,000 compared with $17,000 when the victim did
not know the alleged perpetrator.
more than two-thirds of cases, financial institutions do not
appear to be reporting elder financial exploitation to law
enforcement or adult protective services, according to the
report. “This is a missed opportunity to increase
investigation and prosecution, and to make it more likely
that victims will receive appropriate services,” the authors
She is truly impressive
of all ages suffer depression at rates two to four times
higher than men. But a study in the journal Maturitas finds
that many women shed their depression as they move from
their mid-40s into their 60s.
drop in negative moods ushered in a drop in the prevalence of
depression: 23 percent of the 60-year-olds in the study were
depressed but only 15 percent of the 70-year-olds.
3/14: Healthcare increases
expenditures are projected to grow by 5.5 percent
annually from 2018 to 2027, more than twice the rate of
inflation, according to a new study by the Centers for
Medicare and Medicaid Services. But unionized auto workers
enjoy some of the most generous medical coverage plans in
the country and have been spared premium increases.
The UAW sees that as a hard-won
benefit that helps make up for concessions to automakers in
other areas. But automakers view these gold-plated
worker plans as a growing burden that puts them at a
disadvantage against rivals with non-unionized factories.
3/14: Drug overdose
from synthetic opioids, such as fentanyl, which is 50 times
more powerful than heroin, claimed 67,000 lives between
2013 and 2017.
consumer prices rose for the first time in four months in
February, but the pace of the increase was modest, resulting
in the smallest annual gain in nearly 2-1/2 years.
Consumer Price Index increased 0.2 percent, lifted by
gains in the costs of food, gasoline and rents. The CPI had
been unchanged for three straight months.
Fed, which has a 2 percent inflation target, tracks a
different measure, the core personal consumption
expenditures (PCE) price index, for monetary policy.
core PCE price index increased 1.9 percent on a year-on-year
basis in December after a similar gain in November.
Chairman Jerome Powell on Sunday reiterated the central bank’s
wait-and-see approach to further monetary policy tightening
this year. Powell said the Fed did “not feel any hurry” to
change the level of interest rates again.
EFM- It says NEXT decade. Covering
two decades, the list might start with climate change,
artificial intelligence, changing workplace dynamics and the
medical advancement. By 2040 you should see lifespans dropping.
insurance premiums could rise and property values fall in the
most deluge-prone areas under a plan the Trump administration
intends to roll out in coming weeks to change the way risk is
calculated under the National
Flood Insurance Program.
private-sector data to calculate flood threat for each home
of simply focusing on whether a home is inside or outside of
the 100-year flood plain, the Federal
Emergency Management Agency plans to
use private-sector data to calculate the real flood threat
for each home and set costs based on that data,
according to people familiar with the effort and a briefing
document obtained by Bloomberg.
3/12: May fails to get a Brexit
This is an absolute mess just
before the formal exit is to take place. With no agreement so
far- well I actually cannot imagine the international
considering a fund's volatility, an investor may find it
difficult to decide which fund will provide the optimal
risk-reward combination. Many websites provide various
volatility measures for mutual funds free of charge;
however, it can be hard to know not only what the figures
mean but also how to analyze them. Furthermore, the
relationship between these figures is not always obvious.
Read on to learn about the four most common volatility measures
and how they are applied in the type of risk
analysis based on modern portfolio theory.
Portfolio Theory and Mutual Funds
examination of the relationship between portfolio returns
and risk is the efficient
frontier, a curve that is a part of the modern
portfolio theory. The curve forms from a graph plotting
return and risk indicated by volatility, which is
represented by standard
deviation. According to the modern portfolio theory,
funds lying on the curve are yielding the maximum return
possible given the amount of volatility.
standard deviation increases, so does the return. In the
above chart, once expected
returns of a portfolio reach a
certain level, an investor must take on a large amount of
volatility for a small increase in return. Obviously
portfolios with a risk/return
relationship plotted far below the
curve are not optimal since the investor is taking
on a large amount of instability for a small return. To
determine if the proposed fund has an optimal return for the
amount of volatility acquired, an investor needs to do an
analysis of the fund's standard deviation.
portfolio theory and volatility are not the only means
investors use to analyze the risk caused by many
different factors in the market. And things like risk
tolerance and investment strategy
affect how an investor views his or her exposure to risk.
Here are four other measures. (For related reading,
see: What Is Your Risk
with many statistical measures, the calculation for standard
deviation can be intimidating, but because the number
is extremely useful for those who know how to use it, there
are many free mutual
fund screening services that provide
the standard deviations of funds.
standard deviation essentially reports a fund's volatility,
which indicates the tendency of the returns to rise or fall
drastically in a short period of time. A volatile
security is also considered higher risk because its
performance may change quickly in either direction at any
moment. The standard deviation of a fund measures this risk
by measuring the degree to which the fund fluctuates in
relation to its mean
fund with a consistent four-year return of 3%, for
example, would have a mean, or average, of 3%. The standard
deviation for this fund would then be zero because the
fund's return in any given year does not differ from its
four-year mean of 3%. On the other hand, a fund that in each
of the last four years returned -5%, 17%, 2% and 30%
would have a mean return of 11%. This fund
would also exhibit a high standard deviation because
each year the return of the fund differs from the mean
return. This fund is therefore riskier because it
fluctuates widely between negative and positive returns
within a short period. (For related reading, see: 4 Things That Make a
Stock a Risky Bet.)
because volatility is only one indicator of the risk
affecting a security, a stable past performance of a fund is
not necessarily a guarantee of future stability. Since
unforeseen market factors can influence volatility, a fund
with a standard deviation close or equal to zero this
year may behave differently the following year.
determine how well a fund is maximizing the return received
for its volatility, you can compare the fund to another with
a similar investment strategy and similar returns. The fund
with the lower standard deviation would be more optimal
because it is maximizing the return received for the amount
of risk acquired. Consider the following graph:
500 Fund B, the investor would be
acquiring a larger amount of volatility risk than necessary
to achieve the same returns as Fund A. Fund A would provide
the investor with the optimal risk/return relationship. (For
more, see: The
Uses And Limits Of Volatility.)
amount of seafood that
humans could sustainably harvest from a wide
range of species shrank by 4.1 percent from
1930 to 2010, a casualty of human-caused climate change.
4 percent decline sounds small, but it’s 1.4 million metric
tons of fish from 1930 to 2010,”
have warned that global warming will put pressure on the
world’s food supplies in coming decades. But the new findings
— which separate the effects of warming waters from other
factors, like overfishing — suggest that climate change is
already having a serious impact on seafood.
EFM- Trump should get kudos for this.
And I now think a reasonable trade deal is in the making- though
many articles suggest otherwise.