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public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices -- which make money on electronic transactions -- have stopped handling cash altogether.Even houses of worship are becoming increasingly friendly to cash-free transactions: At the Carl Gustaf Church in Karlshamn, southern Sweden, Vicar Johan Tyrberg recently installed a card reader to allow worshipers to tithe in digital form.
Some of the biggest names on Wall Street are lining up to become landlords to cash-strapped Americans by bidding on pools of foreclosed properties being sold by Fannie Mae...In con artistry parlance, they call this the "reload." That's when you hit the same mark twice - typically with a second scam designed to "fix" the damage caused by the first scam. Someone robs your house, then comes by the next day and sells you a fancy alarm system, that's the reload.
While the current approach of selling homes one-by-one has its own high costs and is sometimes inefficient, selling properties in bulk to large investors could require Fannie Mae to sell at a big discount, leading to larger initial costs.
Effective World Government Will Be Needed to Stave Off Climate CatastropheRead it all here.
Almost six years ago, I was the editor of a single-topic issue on energy for Scientific American that included an article by Princeton University's Robert Socolow that set out a well-reasoned plan for how to keep atmospheric carbon dioxide concentrations below a planet-livable threshold of 560 ppm.
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If I had it to do over, I'd approach the issue planning differently, my fellow editors permitting. I would scale back on the nuclear fusion and clean coal, instead devoting at least half of the available space for feature articles on psychology, sociology, economics and political science. Since doing that issue, I've come to the conclusion that the technical details are the easy part. It's the social engineering that's the killer. Moon shots and Manhattan Projects are child's play compared to needed changes in the way we behave.
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Unfortunately, far more is needed. To be effective, a new set of institutions would have to be imbued with heavy-handed, transnational enforcement powers. There would have to be consideration of some way of embracing head-in-the-cloud answers to social problems that are usually dismissed by policymakers as academic naivete. In principle, species-wide alteration in basic human behaviors would be a sine qua non, but that kind of pronouncement also profoundly strains credibility in the chaos of the political sphere. Some of the things that would need to be contemplated: How do we overcome our hard-wired tendency to "discount" the future: valuing what we have today more than what we might receive tomorrow? Would any institution be capable of instilling a permanent crisis mentality lasting decades, if not centuries? How do we create new institutions with enforcement powers way beyond the current mandate of the U.N.? Could we ensure against a malevolent dictator who might abuse the power of such organizations?
Comment: WARNING: If you see this man in the vicinity of children, call the appropriate authorities.
Kony 2012 Co-founder, Jason Russell, Arrested for Masturbating in Public
'Kony 2012โฒ filmmaker expected to be released from mental hospital soon