It could be wildfires, a pandemic or a financial crisis. The super-rich will flee to their bunkers – the rest of us will have to fend for ourselves
Though we might find it hard to imagine, we cannot now rule it out: the possibility of systemic collapse in the United States. The degradation of federal government by Donald Trump and Elon Musk could trigger a series of converging and compounding crises, leading to social, financial and industrial failure.
There are several possible mechanisms. Let’s start with an obvious one: their assault on financial regulation. Trump’s appointee to the US Consumer Financial Protection Bureau (CFPB), Russell Vought, has suspended all the agency’s activity, slashed its budget and could be pursuing Musk’s ambition to “delete” the bureau. The CFPB was established by Congress after the 2008 financial crisis, to protect people from the predatory activity that helped trigger the crash. The signal to the financial sector could not be clearer: “Fill your boots, boys.” A financial crisis in the US would immediately become a global crisis.
George Monbiot is a Guardian columnist
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Breaking Waves: Ocean News
02/18/2025 - 03:00
02/18/2025 - 01:00
Lobbyists argued it was unfair for their industry to be treated the same as others as end product – oil and gas – inevitably produced emissions
Experts have accused the fossil fuel industry of seeking special treatment after lobbyists argued greenhouse gas emissions from oilfields should be treated differently to those from other industries.
The government is embroiled in a row over whether to allow a massive new oilfield, Rosebank, to go ahead, with some cabinet members arguing it could boost growth and others concerned it could make the goal of reaching net zero emissions by 2050 impossible to reach. Labour made a manifesto commitment to halt new North Sea licensing, but Rosebank and some other projects had already been licensed and were awaiting final approval when the party won the general election.
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02/17/2025 - 19:01
Report highlights ‘worrying retreat’ in support for shareholder resolutions on environmental and social risks
Support for shareholder proposals aimed at tackling environmental and social risks hit a record low last year, figures show, amid a “worrying retreat” by investors, particularly in the US.
A report compiled by the responsible investment campaign group ShareAction found that, out of 279 environmental, social and governance (ESG) shareholder resolutions put forward at annual general meetings last year in the UK, Europe and the US, only four – or 1.4% – secured majority support.
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02/17/2025 - 13:36
Reintroducing wolves to the Scottish Highlands could lead to an expansion of native woodland which could take in and store one million tons of CO2 annually, according to a new study.
02/17/2025 - 08:41
Discovery of pest in UK raises fears for Sitka spruce, which accounts for half of country’s commercial plantations
A beetle that has previously devastated Norway spruce populations across continental Europe has been found to be equally attracted to the Sitka spruce, a finding experts say could have significant implications for commercial forestry.
The eight-toothed European spruce bark beetle has now been found in the UK, raising fears for the Sitka, which accounts for a quarter of Britain’s forest cover and half its commercial forestry plantations.
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02/17/2025 - 06:00
Bladder cancer risk increased 33% and colorectal cancer by 15% in using chlorine to disinfect water
Chlorinating drinking water at levels common in the United States and European Union probably increases the risk of several cancers, a new analysis of recent research from across the globe finds.
The process of disinfecting water with chlorine creates trihalomethane (THM) byproducts, which are found in virtually all public drinking water systems across the US and EU – nearly 300 million people in the US have concerning levels in their water, by one estimate.
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02/17/2025 - 03:51
Researchers say the animals could keep red deer numbers under control, leading to storage of 1m tonnes of CO2
Reintroducing wolves in the Scottish Highlands could lead to an expansion of native woodland, which could take in and store 1m tonnes of carbon dioxide a year, researchers have suggested.
A study led by researchers at the University of Leeds said that reintroducing the species into the Cairngorms, as well as the south-west, north-west and central Highlands could help curb the problem of red deer eating tree saplings, which stops natural woodland regeneration.
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02/17/2025 - 01:00
Those supporting the deal hope it will raise billions to help poor countries deal with climate breakdown
Brazil has asked the UN to throw out plans for a new levy on global shipping that would raise funds to fight the climate crisis, despite playing host to the next UN climate summit.
The proposed levy on carbon dioxide emissions from shipping will be discussed at a crunch meeting of the International Maritime Organisation (IMO) that begins on Monday. Those supporting the deal, including the UK, the EU and Japan, are hoping the levy will raise billions of dollars a year, which could be used to help poor countries cope with the effects of climate breakdown.
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02/16/2025 - 07:37
Demonstrations across the US against tycoon’s ties to Trump highlight potential risks to firm’s reputation and sales
Protesters gathered outside Tesla dealerships across the US on Saturday in response to Elon Musk’s efforts to shred government spending under the president, Donald Trump.
Groups of demonstrators up to 100-strong gathered outside the electric carmaker’s showrooms in cities including New York, Seattle, Kansas City and across California. Organisers said the protests took place in dozens of locations.
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02/16/2025 - 07:00
The Eaton fire destroyed nearly half of the Black households in Altadena, wiping out businesses and wealth
A memorial service early this month for three Black victims of the Eaton fire was marked by simmering anger at Donald Trump’s choice not to visit Altadena, a suburb with a historic Black community disproportionately affected by the disaster.
It’s one of many decisions that have left residents of Altadena, a racially and economically diverse suburb of Los Angeles, worried about political and financial neglect in the aftermath of the fires.
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