Daily Archives: September 15, 2009

Aging, Dogs, Great Work, Politics
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Lughnasa                                       Waning Harvest Moon

Yesterday and today were full of new information, new faces.  Both days challenged my capacity to sit in one place for a long time.  The 40+ Aeron chairs in the Minnesota Foundation’s board room made finding a good chair easy and did make the day more bearable than the plastic backed metal chairs in the Northstar Ballroom.  Both days were long and challenging mentally.  A good thing.  But tiring.

Tomorrow Kate and I go see our financial planners, I call it visiting our money.  We want to discuss how they will generate cash for our payouts and have them run them run our projections using a 4% drawdown rather than the 4.6/4.7% they used.  This will give us a new and hopefully longer time horizon before our money runs out, but it will also shrink the amount of money available each year.  This is a trade-off than another consultant, Ruth Hayden, says is necessary since we’re all living longer.

Unless you are very wealthy, living large and living longer are incompatible.  That’s not to say we will, in any wise, be hurting in retirement; it does mean the cruises, trips to Hawaii and expensive purchases will have to be truncated.  Bearable.  Our life does not revolve around luxury.

The solution to our fence jumpers, according to Junior Lehman, the breeder and caretaker for a large pack of hounds, is an electrified fence.  I thought this was most likely the cheapest and easiest solution, but until I heard from somebody with some experience I didn’t want to spend money on it.  Now it will be off to Fleet Farm and hopefully we can begin letting Rigel and Vega outside again to romp and play, develop as dogs.

Great Work, Minnesota, Politics

Give Me a Good Balance Sheet

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Lughnasa                                    Waning Harvest Moon

Back from a day of hard rock mining,  a lot of rock and little roll.  One of the criticisms of the environmental movement focuses on its obsession with chemistry, geology, climatology and animal living conditions to the exclusion of human concerns.   The session today on Polymet Mining’s proposal to put a copper mine near Minnesota’s Iron Range proved the point, though it would also have applied to the industry representatives who were there as well.

This was a day of law, FeS2 and FeOS2.  A cascade of copper, nickel, palladium and platinum tinkled onto the audience.  This fight, and it is a fight, has clear sides and the sides have been at it long enough that they know each other by first names and recall each others data from meetings in the past.

Not the cozy day, though, that might seem natural in a Minnesota nice crowd like the one gathered at the Northstar Ballroom in the St. Paul Campus Student Center.

The information presented today may have been old news to many in the room, but it was new to me.  This is a complex issue for several reasons, the chemical reactions that lead to sulfuric acid in the groundwater being the cause celebre, but far from the only one.  There is, too, the tendency of mining companies to exhaust a resource, close the mine and go bankrupt after loading the assets onto another corporate entity.  The tax payers get stuck with the clean up bill.

In addition the cyclical nature of metal prices accentuates the boom and bust nature of resource frontiers, giving the employment situation a roller coaster ride of high times segueing into desperation.

In the end the information that impressed me the most came from a Montana economist named Thomas Powers.  He made the point first about benefits always being trotted out and high-fived while the costs associated with mining get set off to the side.  I came away convinced that if we could get a decent balance sheet for the life cycle of the Polymet plant, public costs and public benefits, that we would have a compelling argument for stopping this mine.

Just another day in the education of a neophyte environmentalist.  But a good one.

Minnesota, Our Land and Home, Politics

Hard Rock Mining and Minnesota

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Lughnasa                            Waning Harvest Moon

Up for a bit then out of the house to chase down the wandering puppies.  Again.  Sigh.  This is a problem still in search of a solution.  Harnesses help but the one who needs them most, Rigel, slips out of hers with the ease of a banana escaping its peel.  We have other solutions on tap:  fence, microchip, tags, better harnesses, conversations with our vet and the breeder, but until we come up with something that works we have to alternate them inside and out.  That’s a pain and still requires surveillance.  Oh, well.  We wanted puppies.

Today is a forum on non-ferrous mining in Minnesota.  In other parts of the country like Colorado, Montana and Nevada for example it’s called hard-rock mining.  The degradation caused by this mining includes sulfuric acid drainage into the watershed along with heavy metals.  There is no need to wonder about the devastation caused by this kind of mining.  All you have to do is visit sites in Colorado and Montana.  The question now is whether this kind of mining can be made safe and is the risk to Minnesota waters worth testing such a claim.

This issue has a lot of complicated vectors:  geological, industrial, metallurgical, chemical, hydrological, environmental, political and economic.  My learning curve about it is still pretty steep so I’m looking forward to this forum as a place to advance my knowledge.