The world being on fire is swelling ‘catastrophe bonds’ to a record $45 billion—and it’s a key hedge fund strategy
by SHERYL TIAN TONG LEE et al, in Fortune….“I can’t tell you if there’s going to be a hurricane or earthquake this year, obviously,” said Hagood of Nephila Capital. “But what I can tell you is spreads are near historical highs in the sector. So broadly speaking, we believe the market is being well paid for the risk.”
In “The Ministry for the Future,” new ideas from ancient wisdom
By Forrest Brown in The Long Now Foundation….When we are bound in a system of reciprocity, not return on investment, we will be closer to being the kind of ancestors future people need.
Mark Zuckerberg spent $187 million secretly buying 1,600 acres of Hawaii land, and now he is reportedly building a massive self-sustaining apocalypse bunker
by Caleb Naysmith in Yahoo Finance…Alongside the sprawling farm and ranch, the compound is being designed to be self-sustaining. From underground bunkers to its own energy and water supplies, the compound has nearly everything you would need to survive for months at a time.
Ecological ‘doom loops’ edging closer
from University of Sheffield….Extreme weather events such as wildfires and droughts will accelerate change in stressed systems leading to quicker tipping points of ecological decline, according to a new study.
‘Civilizations rise and fall’
by Evan Malmgren in Business Insider…Inside an off-grid community of families preparing for the downfall of America
It is time to tax the rich… and their foundations
by Lynn Murphy and Alnoor Ladha in Aljazeera….Philanthropic endowments are designed to protect the financial interests of the 1 percent. They should be taxed.
How to thrive in an uncertain world
by Maggie Jackson in The New York Times…Humans naturally need answers and so typically find uncertainty aversive. With a presidential election, war erupting in multiple zones, rising climate volatility and myriad other types of flux, it’s easy to feel overwhelming angst for the future and see certainty as a beacon in a darkening time.
Noam Chomsky and Andrea Moro on the limits of our comprehension
“The sudden awareness of something that calls for an explanation, once the fog of habit has lifted, seems to be the real stuff revolutions’ sparkles are made of.”
Global Risks Report 2024
from the World Economic Forum….As we enter 2024, 2023-2024 GRPS results highlight a predominantly negative outlook for the world over the next two years that is expected to worsen over the next decade
Embracing local knowledge is the key to resilience in northern Kenya, not project box-ticking
by Ian Scoones in The New Humanitatian…‘In the welter of jargon-heavy policy documents promoting ‘resilience-building’, the big question remains – what is ‘resilience’, and for whom?’
How Octavia Butler told the future
by Tiya Miles in The Atlantic…We need her conception of “histofuturism” now more than ever.
Why the world needs its own immune system
by Atul Gawande in The New York Times…A global immune system must be built for speed. Speed in detecting that a pattern of illness might be unusual and dangerous. Speed in diagnosis. Speed in alerting public health officials and tracing the path of exposure. Speed in getting treatment to the sick and preventive measures to the well.
An ancient Chinese text that’s surprisingly relevant today
by Richard Heinberg in Resilience.org….I’ll leave the last words to the Old Master, this time from the Bahm translation:
Whenever someone sets out to remold the world, experience teaches that he is bound to fail.
For Nature is already as good as it can be.
It cannot be improved upon.
He who tries to redesign it, spoils it.
He who tries to redirect it, misleads it.
Visualizing the top global risks in 2024
from the World Economic Forum….From a broader perspective, key structural forces are influencing global risks looking ahead. They include technological acceleration, climate change, shifts in geopolitical power, and a widening demographic divide.
A year in crises
by Tim Sahay in Phenomenal World…https://www.phenomenalworld.org/analysis/a-year-in-crises.
The terrible twenties? The assholocene? What to call our chaotic era
by Kyle Chayka in The New Yorker…There is something paradoxical about pinning a name on an age characterized by extreme uncertainty. But that hasn’t stopped people from trying.