Tom Engelhardt, writing for Salon (emphasis added):

We have a word for the conscious slaughter of a racial or ethnic group: genocide.  And one for the conscious destruction of aspects of the environment: ecocide.  But we don’t have a word for the conscious act of destroying the planet we live on, the world as humanity had known it until, historically speaking, late last night.  A possibility might be “terracide” from the Latin word for earth.  It has the right ring, given its similarity to the commonplace danger word of our era: terrorist.
The truth is, whatever we call them, it’s time to talk bluntly about the terrarists of our world.  Yes, I know, 9/11 was horrific.  Almost 3,000 dead, massive towers down, apocalyptic scenes.  And yes, when it comes to terror attacks, the Boston Marathon bombings weren’t pretty either.  But in both cases, those who committed the acts paid for or will pay for their crimes.
In the case of the terrarists — and here I’m referring in particular to the men who run what may be the most profitable corporations on the planet, giant energy companies like ExxonMobil, Chevron, ConocoPhillips, BP, and Shell – you’re the one who’s going to pay, especially your children and grandchildren. You can take one thing for granted: not a single terrarist will ever go to jail, and yet they certainly knew what they were doing.

Posted
AuthorA.J. Ross
CategoriesEnvironment

U.S. Federal Reserve chair Ben Bernanke, speaking to the Joint Economic Committee of Congress (via Daily Kos):

"The loss of output and earnings associated with high unemployment ... reduces government revenues and increases spending on income-support programs, thereby leading to larger budget deficits and higher levels of public debt than would otherwise occur," Bernanke said. [...]
As he has done repeatedly in the past couple of years, Bernanke again bemoaned the government's austerity obsession on Wednesday, including this year's payroll-tax increase and the brutal budget cuts of sequestration.  Bernanke suggested that the government could replace some of this foolishness with longer-term fixes to Social Security and Medicare. A "Grand Bargain" on the deficit that does away with some short-term austerity might help the economy, Bernanke added.

Posted
AuthorA.J. Ross
CategoriesEconomics