“We let men take wealth which is not theirs; if the seizure is ‘legal’ we call it high profits. And the profiteers help decide what is legal.”
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These two subsidies will cost the U.S. federal government about $2 trillion over the next 10 years, almost all of which will go to the wealthiest Americans. Past Congresses have repealed both of these subsidies at different points in time, though they were later revived by subsequent legislation.
About 60 percent of the world’s population lives along estuaries and coastal areas Of the 32 largest cities in the world, 22 are located on estuaries 90 percent of Europe’s international trade passes through estuaries and their adjacent ports Coastal recreation and tourism generate between $8-$12 billion per year in the United States alone Often called the “nurseries of the sea,” estuaries provide vital nesting and feeding habitats for many aquatic plants and animals.
The Global Estuaries Forum brings together public institutions, the private sector, researchers, and NGOs from around the globe in an effort discuss and meet the pressing and immediate challenges facing our world’s most important estuaries. Follow on Twitter at @EstuariesForum.
James McCarthy has 30+ years in finance and private equity, corporate structuring and work-outs, and raising debt and equity as an investor, lender, investment manager, portfolio manager, financial advisor, corporate consultant, work-out consultant, and city planner. Clients have included domestic and offshore institutional investors, investment funds, hedge funds, high net worth investors, and private companies. I hold an MBA from Columbia University and a Master of City & Regional Planning from Rutgers University.
Special interests include green and sustainable design, resilience, passive energy design, waterfront, walkability, transit-oriented design, affordable housing, high-quality and innovative architecture and construction technology, mixed-use development, and the inclusion of public spaces and landscape architecture.