Human-triggered earthquakes and their impacts on human security

A comprehensive understanding of earthquake risks in urbanized regions requires an accurate assessment of both urban vulnerabilities and earthquake hazards. Socioeconomic risks associated with human-triggered earthquakes are often misconstrued and receive little scientific, legal, and public attention. However, more than 200 damaging earthquakes, associated with industrialization and urbanization, were documented since the 20th century. This type of geohazard has impacts on human security on a regional and national level. For example, the 1989 Newcastle earthquake caused 13 deaths and US$3.5 billion damage (in 1989). The monetary loss was equivalent to 3.4 percent of Australia’s national income (GDI) or 80 percent of Australia’s GDI per capita growth of the same year. This article provides an overview of global statistics of human-triggered earthquakes. It describes how geomechanical pollution due to large-scale geoengineering activities can advance the clock of earthquakes or trigger new seismic events. Lastly, defense-oriented strategies and tactics are described, including risk mitigation measures such as urban planning adaptations and seismic hazard mapping

Did fair-value accounting contribute to the financial crisis?

The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we assess these arguments and examine the role of fair-value accounting in the financial crisis using descriptive data and empirical evidence. Based on our analysis, it is unlikely that fair-value accounting added to the severity of the current financial crisis in a major way. While there may have been downward spirals or asset-fire sales in certain markets, we find little evidence that these effects are the result of fair-value accounting. We also find little support for claims that fair-value accounting leads to excessive write-downs of banks’ assets. If anything, empirical evidence to date points in the opposite direction, that is, towards overvaluation of bank assets

The Network of Ecological Compensation Areas in Switzerland

Since 1993, the Swiss law and Ordinance on Direct Payments for Agriculture (ODP) enables farmers to be compensated for ecological measures. A catalogue lists different possible measures which can be implemented at farm level both to create space for nature and biodiversity and to generate an alternative income for farmers. Measures include the maintenance of e. g. semi-natural structures in the landscape such as high-stem trees, hedges, pastures and meadows which are not intensively used (detailed catalogue: ART 2009). Succeeding a fast increase in the number of these areas, stagnation has been observed (BIODIVERSITYMONITORING 2009). Additionally, it has become evident, that many compensation areas are in unfavourable conditions for biodiversity and their quality, especially species richness, is low. This motivated the extension of the ODP with an additional ordinance which tackles two main points: Ordinance on Regional Promotion of Quality and Networking of Ecological Compensation Areas in Agriculture (OEQ 2001)