Our Failed Financial Institutions Need to Meet Their Community Covenant
We dodged a bullet. The global economic meltdown, which saw 140 banking organizations closed in the U.S. in 2009, has affected every industry and sector of life. Governments spent billions trying to correct systemic failures that began with the subprime mortgage crisis and led to a vicious cycle of reduced credit, business bankruptcy, and soaring unemployment. A 1930s-style depression was avoided at great cost to our public and private financial systems, but it could have been much worse. Continue reading
Climate Change Is a Geographic Problem
Reducing the risks caused by climate change is an immense challenge. Scientists, policy makers, developers, engineers, and many others have used GIS to better understand a complex situation and offer some tangible solutions. Technology offers a means to assess, plan, and implement sustainable programs that can affect us 10, 20, and 100 years into the future. Continue reading
GIS can help you answer tough smart grid questions
Smart grid is about four things:
- Smart meters—Smart grid gives us more information about the energy we use. Smart meters will help us use less energy. Consequently, we will save money and reduce our carbon footprints.
- Better electric reliability—Our electric infrastructure is old and fallible. Smart grid includes smart sensors to help utilities locate problems and help the electric utility grid heal itself.
- Making green energy work—Solar and wind power are quite different from the traditional sources of electricity such as hydro, coal, natural gas, and nuclear. Like the weather, green resources are unpredictable. Smart grid will work to regulate the ebb and flow of renewable energy.
- Smart grid phone home—By tapping telecommunication networks, smart grid will alert utilities to problems before they even happen. Continue reading
Are you ready for geo-accounting?
The winds of change are blowing. A White House memo [PDF] recently sent to all executive department heads and agencies provides policy principles for submitting future agency budgets. This memo calls for place-based considerations in 2011 budgets. Picking up on the theme that “everything happens somewhere,” the Obama administration has connected the dots! Continue reading
Why do so few insurers use GIS?
Most insurers are grappling with the consequences of a soft market and increased financial volatility. With trust levels at their lowest in over 50 years, insurers who do not fully understand the risks they are writing face a tough future. The property landscape has changed dramatically, and credit markets remain tight. More uncertainty is introduced every day as globalization, climate change, and ever-moving patterns of land use, crime, and arson alter the geography of cities forever. Continue reading