Al Gore accept­ed his Nobel Prize ear­li­er today in Oslo and deliv­ered an accom­pa­ny­ing speech that issued a stark warn­ing (read text here, watch video here):

[W]ithout real­iz­ing it, we have begun to wage war on the earth itself. Now, we and the earth­’s cli­mate are locked in a rela­tion­ship famil­iar to war plan­ners: “Mutu­al­ly assured destruc­tion.”

More than two decades ago,scientists cal­cu­lat­ed that nuclear war could throw so much debris and smoke into the air that it would block life-giv­ing sun­light from our atmos­phere, caus­ing a “nuclear win­ter.” Their elo­quent warn­ings here in Oslo helped gal­va­nize the world’s resolve to halt the nuclear arms race.

Now sci­ence is warn­ing us that if we do not quick­ly reduce the glob­al warm­ing pol­lu­tion that is trap­ping so much of the heat our plan­et nor­mal­ly radi­ates back out of the atmos­phere, we are in dan­ger of cre­at­ing a per­ma­nent “car­bon sum­mer.”

As the Amer­i­can poet Robert Frost wrote, ” Some say the world will end in fire; some say in ice.” Either, he notes, “would suf­fice.”

But nei­ther need be our fate. It is time to make peace with the plan­et.

The Econ­o­mist has issued its pre­dic­tions for the world in 2008, and here’s what they’re bank­ing on: The Democ­rats, and par­tic­u­lar­ly Hillary Clin­ton, nar­row­ly win the upcom­ing pres­i­den­tial elec­tion. Mean­while the Unit­ed States, which has nev­er met a bub­ble it does­n’t like, will get mired down with hous­ing and cred­it prob­lems. And look­ing for a new eco­nom­ic engine, the world will turn to Chi­na and India. Even bet­ter for Chi­na, it will host the Olympics in Bei­jing, win many medals, and feel like it has arrived (or rather re-arrived) as a nation. But per­haps feel­ing a bit too proud, it might ratch­et up ten­sions with Tai­wan, while the U.S. sur­pris­es every­one, even itself, by pos­si­bly strik­ing a “grand bar­gain” with Iran. Oth­er than that, George Bush will accom­plish lit­tle dur­ing the last year of his admin­is­tra­tion, and politi­cians will talk lots about cli­mate change. But whether they actu­al­ly do any­thing is any­one’s guess.

For more pre­dic­tions, check out The Econ­o­mist’s full write-up, and keep an eye on The Econ­o­mist pod­cast (iTunes — Feed — Web Site) where I’m sure these issues will get fuller cov­er­age in the com­ing days.

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Below, you’ll find excerpts from TIME Mag­a­zine’s con­ver­sa­tion with Stephen King. You can access the full inter­view here. King turns up the heat after the jump.

STEPHEN KING: So who’s going to be TIME Per­son of the Year?

TIME: I real­ly don’t know, there’s a very small group of peo­ple who make that deci­sion.

STEPHEN KING: I was think­ing, I think it should be Brit­ney Spears and Lind­say Lohan.

TIME: Real­ly?

STEPHEN KING: Yeah. You know, I just filmed a seg­ment for Night­line, about [the movie ver­sion of his novel­la] The Mist, and one of the things I said to them was, you know, “You guys are just cov­er­ing — what do they call it — the scream of the pea­cock, and you’re miss­ing the whole fox hunt.” Like water­board­ing [or] where all the mon­ey went that we poured into Iraq. It just seems to dis­ap­pear. And yet you get this cov­er­age of who’s gonna get cus­tody of Brit­ney’s kids? Whether or not Lind­say drank at her twen­ty-first birth­day par­ty, and all this oth­er shit. You know, this morn­ing, the two big sto­ries on CNN are Kanye West­’s moth­er, who died, appar­ent­ly, after hav­ing some plas­tic surgery. The oth­er big thing that’s going on is whether or not this cop [Drew Peter­son] killed his… wife. And mean­while, you’ve got Pak­istan in the midst of a real cri­sis, where these peo­ple have nuclear weapons that we helped them devel­op. You’ve got a guy in charge, who’s basi­cal­ly declared him­self the mil­i­tary strong­man and is being sup­port­ed by the Bush admin­is­tra­tion, whose rai­son d’e­tre for going into Iraq was to spread democ­ra­cy in the world.
(more…)

Please God give me the luck to enter the upper echelons of the American elite — the upper, upper crust where normal rules don’t apply, where illogic reigns, where failure doesn’t have consequences, only out-sized rewards. Please give me the luck to fail splendidly one day (even to bring a major company or a nation itself to near ruin) and yet get nothing less than the platinum parachute that a lucky few deserve:

• Stan O’Neal, CEO of Mer­ill Lynch, recent­ly led the bank to take a $7.9 bil­lion write-down because of bad deals in the sub-prime mar­ket, result­ing in a $2.3 bil­lion loss, the worst loss in 93 years for Mer­rill. As he began to feel the heat, O’Neal secret­ly start­ed look­ing to sell the bank to Wachovia, a deal that could have per­son­al­ly net­ted him an esti­mat­ed $250 mil­lion. Instead, the board of direc­tors oust­ed him last week and he got to walk with $161.5 mil­lion in secu­ri­ties and retire­ment ben­e­fits, the fifth-largest exit-pay pack­age for a U.S. exec­u­tive. It’s good to be the king.

• As the sub­prime mort­gage mar­ket melt­ed down this sum­mer, James Cayne, the chief exec­u­tive of Bear Stearns, was nowhere to be found. In this midst of the cri­sis, two of the bank’s hedge funds col­lapsed. But, accord­ing to The Wall Street Jour­nal, Cayne was out of town for ten days and incom­mu­ni­ca­do. No cell­phone. No Black­ber­ry. Noth­ing. Where was he? Play­ing in a bridge tour­na­ment in Nashville (and it’s alleged by the Jour­nal that he has a pen­chant for smok­ing pot at such tour­na­ments). For­tu­nate­ly, his team placed in the top third of the com­pe­ti­tion, and he gets to keep his high­ly lucra­tive job. In the mean­time, Cayne let War­ren Spec­tor, the com­pa­ny’s Pres­i­dent, take the fall. And Bear just announced that it’s lay­ing off 2% of its work­force. It’s good to be the king.

• Don Rums­feld, the for­mer Sec­re­tary of Defense, used the Iraq War as a prov­ing ground for his the­o­ries about how the US army should fight the mod­ern war and defend itself against the unknown and the unex­pect­ed. Rums­feld’s mantra was to keep the armies small, mobile and high-tech. And that’s what we did for four years in Iraq, despite mount­ing evi­dence that we had too few troops on the ground. Rums­feld, who could nev­er adjust his the­o­ries to the real­i­ties in Iraq (see this piece in the Armed Forces Jour­nal), even­tu­al­ly got forced out, leav­ing behind a mess that will con­sume the US for a decade or more. What’s the fall­out? Months lat­er, Rums­feld gets Stan­ford’s seal of approval. In Sep­tem­ber, Stan­ford’s Hoover Insti­tu­tion announced that he will join as a “dis­tin­guished vis­it­ing fel­low” where he will par­tic­i­pate on a task force of schol­ars and experts focus­ing on “issues per­tain­ing to ide­ol­o­gy and ter­ror” in a post 9–11 envi­ron­ment. It’s pre­cise­ly the same flawed vision that land­ed the US in a deep hole that the Stan­ford-affil­i­at­ed think tank is choos­ing to hon­or. Once again, it’s good to be the king.

Amen.

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