The Real Reason Bush Dumped Kyoto

[Justin Schwartz]

I finally visited the gallerry at the CBOT, watched the young men (almost 
all men, few women) in funny coats baying for money, as Tom Wolfe puts it in 
Vanities; a remarkable sight. And sound. You can hear the bond traders 
through the bulletproof glass at 50 feet. The beating heart of capitalism: 
when you come here, Doug, I have to take you up the gallery. --jks


>From: Doug Henwood <dhenwood at panix.com>
>Reply-To: lbo-talk at lists.panix.com
>To: lbo-talk at lists.panix.com
>Subject: Re: The Real Reason Bush Dumped Kyoto
>Date: Tue, 3 Apr 2001 13:19:27 -0400
>
>Nathan Newman wrote:
>
>>In the London Sunday Telegraph, Mark Steyn had a theory of why Bush dumped
>>Kyoto:
>>
>>"[I]f I understand this global-warming business correctly, the danger is
>>that the waters will rise and drown the whole of Massachusetts, New York
>>City, Long Island, the California coast and a few big cities on the Great
>>Lakes-in other words, every Democratic enclave will be wiped out leaving
>>only the solid Republican heartland. Politically speaking, for 
>>conservatives
>>there's no downside to global warming."
>
>Though nastier hurricanes will be very bad news for Florida and
>Texas. Too bad the CBOT dropped its catastrophe futures contract,
>otherwise we could hedge.
>
>Doug

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