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Please also pay attention to the global warming

Current global warming may reverse circulation in Atlantic Ocean, as ...

Nov 4, 2010 – Dramatic Ocean Circulation Changes Caused a Colder Europe in the Past (Jan. 15, 2011) — The unusually cold weather in Europe this winter ...

AND,  Apocalypse 2012   



Global Economy in Worst Shape Since 2009  (US News and World Report by PAUL WISEMAN, AP, 7/23/12) "... Six of ... use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world ..."  Related Articles: UK hacking scandal spreads, 100-plus new claims, Europe shaken by fear Spain will need full bailout, Iran returns sanction fight to Gulf shipping lanes. 

U.S. economic fears shift from Europe toward ‘fiscal cliff’  (WP by  Michael A. Fletcher and Zachary A. Goldfarb,  7/17) "... Now, analysts say anxiety about the impact of the fast-approaching fiscal cliff — the series of federal spending cuts and tax hikes set to take effect ..." 

 Roubini: My 'Perfect Storm' Scenario Is Unfolding Now  (CNBC Asia by Ansuya Harjani ,  7/09) "Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.

In May, Roubini predicted four elements – stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together to create a storm for the global economy in 2013.

The Structural Revolution (5/7, by DAVID BROOKS) We can either continue to patch up our economic problems or address the underlying sources with hard but necessary structural reforms.

"...Make no mistake, the old economic and welfare state model is unsustainable. The cyclicalists want to preserve the status quo, but structural change is coming. " (Structural change of an economy refers to a long-term widespread change of the fundamental structure, rather than microscale or short-term output and employment. --- From Wikipedia, the free encyclopedia)



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