Archive for category Economy

Climate Change, Sea Level Rise and Retirement Risk

By , Registered Representative and Financial Advisor at Park Avenue Securities

James-Cox-644671-220One of the oft repeated risks from climate change is the threat that comes from rising sea levels. Depending on the forecast, even in the most optimistic ones, seas are projected to rise several feet before the end of the century. With the accelerating build-up of CO2 and the rate of temperature increase (2015 being the hottest year on record), many expect dramatic sea level rise to occur much sooner than most expect. (https://www.co2.earth/ )

While people might want to buy shore property for benefits that include potential rental income, capital appreciation and personal use, they also face potential risks of hurricanes, sea level rise, etc. Some of these risks can be mitigated by purchasing flood insurance.

Last summer I explored the question, “if sea levels rise, what will be the impact on a clients’ net worth and portfolio?”

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Why We’re Asking

JCloudStorerSmAsking for money is one of the more challenging things that every charity has to do. The first question we need to answer, however, is “Why are we asking?” If we don’t have a clear and compelling answer, we’re handicapping ourselves from the start.

So here’s why.

  • It’s to give people the opportunity to contribute to the world they believe in.
  • It’s to give us the ability to keep working on creating a world that works, by providing “regenerative community solutions,” i.e., practical ways of restoring and building communities that last and become self-reinforcing and self-sustaining.
  • Ultimately, it’s to empower the world of generosity, the you-and-me world, rather than the you-or-me world.

In The Soul of Money, Lynne Twist, who has raised more than $150 million in individual contributions, tells the story of her own first monetary contribution:
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Crowdfunding for PACE in New Jersey

JCloudStorerSmThe challenges we face in New Jersey as a result of climate change are significant, and so therefore are the opportunities. The experience of Superstorm Sandy showed us just how ill-prepared we are for the more frequent recurrence of extreme weather; and how important it is that we set an example for taking action to mitigate our own greenhouse gas emissions, as other states are doing around us. And there’s also no doubt about the urgency of it — as you can see from this remarkable video:
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The Democrats Still Don’t Get It

 

LNaultHi folks:

I copied below a column from tomorrows NYT by Bob Herbert.  This is the story I was yelling about in Sonal’s campaign and you guys were wondering if I was nuts and were full of denial respecting the troubles brewing here and on everybody’s mind.  My specific charge was limousine liberals.

Reading the stuff you two are batting back and forth I wonder if you two are on the same planet as I live on.  The health care legislation is dead.  Cap and trade or any variations of carbon restrictions are dead.   President Nero fiddled while the economy was burning,  hostage as he is to environmental interests as hostile to progress as the republican cabal is to co-operation.  The cart was placed before the donkey.  You can accomplish nothing until the private economy gets back on its feet.  With a robust economy, with unemployment dropping all these other things could be considered rationally. Until then nothing will get done. Read the rest of this entry »

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