February 14th, 2010 Posted in Boomer News, Priorities, Statistics | No Comments »
The biggest elephant in the room is population, but there is a whole herd of elephants that are not getting any daily attention.
You know kids, how you have a thing in your room that needs fixing, but you keep putting it off until one day you walk right by the problem without even noticing it.
Well kids, we are still looking for ways to get attention paid to the most important long term problems, (pachyderms), on a daily basis, so we can see the risks before they turn into gigantic catastrophes.
Kids, if you google “Systemic Risk Monitoring and Regulations” you can view a video on how the National Institute of Finance and government officials are laying out plans to regulate the financial elephant they are trying to keep under control.
Our concept is to continuously measure & monitor all the long term elephants using very similar methods recommended by the panelist on the C-Span program video. In the market place, the panelist are concerned with having timely data, which is understandable. Professor John Liechty concurred with the need for better data, modeling, and analytics, but felt that long term research was essential. He used weather forecasting as an analogy, just as your grandpa has done in previous blogs on this subject.
He pointed out that since the weather bureau was formed in 1870, right up and through the costly 1938 hurricane, the weather bureau provided almost no warning of forecasts disasterous hurricanes. It wasn’t until 1977 when long range forecasting began with the NOAH research effort that progress was made on hurricane forecasting.
Wouldn’t it be great kids, if you could google one of the long term problem elephants, to see how the research was progressing … to add your comments and sign out. Wouldn’t it be great to see the graphs and analysis that were generated by an independent unbiased group. Just think of how much less misinformation would by on the Internet and airwaves if there actually was a place to get accurate information.
Tune in to the next blog kids.