The IPCC had warned in its latest report, published in 2007, that Himalayan glaciers receding faster than in any other part of the world and, if the present rate continues, the likelihood of them disappearing by the year 2035 and perhaps sooner is very high if the Earth keeps warming at the current rate. What going on? I asked Lonnie Thompson, a veteran glaciologist and leading paleoclimatologist at Ohio State University. Here's what he said:.

We in Britain can devalue, and have indeed done so. But we are not getting much growth. So what are the lessons for us? Alexandrovich argues that from Scandinavian experience, a prerequisite for a return to growth is private sector deleveraging until ordinary people and ordinary companies start cutting their debts the economy cannot return to growth but they don't have to complete this paying back for growth to begin..

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