Midday open thread: Public banking gaining; costs to adapt to rising seas by 2040: $416 billion
Today’s comic by Ruben Bolling is Trump welcomes Russian troops into USA:
• Study indicates that adaptation to sea level rise will cost communities $416 billion by 2030: The study was undertaken by the Center for Climate Integrity, a project of the Institute for Governance and Sustainable Development. “High Tide Tax: The Price to Protect Coastal Communities from Rising Seas” is the first study ever to estimate adaptation costs for those parts of the contiguous United States that are subject to tidal movements—130 counties in 22 states. It doesn’t represent the worst case scenario by far. The study measured the cost of “building seawalls to protect infrastructure (such as roads, buildings and homes) from moderate (not worst case) sea-level rise induced flooding over the next 20 years.” There is also data regarding the span of years from 2060-2100. It is smaller towns and villages where these costs will hit hardest since their resources are fewer than in larger communities. CCI’s Executive Director Richard Wiles said, “Our collective failure to come to grips with the massive costs of climate adaptation is the latest and most delusional form of climate denial.”
• Lead U.S. negotiator in North Korean talks say the parties can’t agree on what a key term means: denuclearization: That’s obviously a problem since this is what the Trump regime has all along said the talks would deliver. The June 12, 2018, agreement between the U.S. and North Korea stated the two nations would “work toward complete denuclearization of the Korean Peninsula.” A year later, “We don’t have that agreed definition of what denuclearization is,” said Steve Biegun, the U.S. special representative for North Korea, following his remarks at the Atlantic Council. “We will never get to our destination if we don’t know where we are going.” According to an unverified North Korean document that the U.S.-funded Voice of America described as “a teaching guide for instructing top military officials on Pyongyang’s official internal position,” Kim Jong-Un aims to strike a final deal with the United States that recognizes his country as a “global nuclear strategic state.”
My high school basketball coach told us he once had a student named Marijuana Pepsi Jackson who became super successful & I thought he might be lying, then like 10yrs later a coworker told the same story. Homegirl been an urban legend in my life for like 15 years Ã°ÂŸÂ˜Â‚Ã°ÂŸÂ˜Â‚ https://t.co/aWzGbXrsIF
— Chief ROCKa (@alysSAWRAH) June 20, 2019
(That’s DR. Marijuana Pepsi to you.)
The recording — which captures the singer in his full-voiced glory and is no flimsy posthumous release — languished in the vaults since it was recorded in April of 1986 for the concept album of the musical “Time,” with songwriter/ producer Dave Clark, leader of the 1960s group the Dave Clark Five. Featuring Mercury accompanied only by piano, it’s a dramatically different version from the heavily produced, officially released one, and shows a heartwarming performance likely to bring a tear to many a fan’s eye.
• Advocates for American Indians told a Senate panel Wednesday that tribal police should have jurisdiction over violent cases committed by non-Natives on tribal land. They also testified that the federal government should do a better of job on the databases tracking such crimes and that there needs to be a cohesive strategy to address law enforcement needs in tribal communities. Several bills seeking to improve the situation are pending in the Senate. S.B. 290 would expand tribal authority to include jurisdiction over violent crimes involving Native children and tribal police officers. S.B. 982—known as the Not Invisible Act of 2019—would establish a record of violent crimes in tribal communities and set up committee to advise on methods for reducing these crimes against Native Americans. S.B. 227—Savanna’s Act—would require the Justice Department to update federal databases regarding missing and murdered Natives by, among other things, allowing users to add a victim’s tribal enrollment. S.B. 288 would give tribes jurisdiction to prosecute sexual-violence crimes committed by non-Native offenders on Indian land. And S.B. 1853 would require federal agencies to report missing tribal persons to the National Missing and Unidentified Persons System.
• Public banking effort makes headway in California: Small, community banks have become ever rarer in America, and that has hampered small businesses seeking loans that megabanks aren’t willing to extend. North Dakota offers an alternative, the nation’s only state-owned bank. One of the benefits: there are six times as many locally owned financial institutions in North Dakota as in the rest of the country. The state bank supports small private lenders by helping with their capitalization and liquidity, something the bigger, out-of-state banks are unwilling to take on. And, because it doesn’t have shareholders demanding profits, the public bank—any public bank—can offer lower interest rates and easier terms than the megabanks. The idea of public banking has been spreading across the nation for a few years now, and lawmakers from coast to coast aren’t just talking about it. In California, there’s AB 857—a bill introduced by Democratic Assemblyman David Chiu would authorize counties and cities to charter banks mandated to serve the public interest. On Wednesday, that bill passed the Senate Banking and Financial Institutions Committee.
On today’s Kagro in the Morning show: Greg Dworkin reports that Trump’s still betting on anger, Biden’s still tops in leading indicators, and House Dems are still coming out for impeachment. The 2001 AUMF shows again how rules rule. Or, everything you heard about Hyde yesterday was crap.