An alarming message came out loud in July from scientists, warning us of something as dire as a mass extinction. From the common barn swallow to the exotic giraffe, thousands of animal species are declining, a sign that an irreversible era of mass extinction is underway.
The previous ﬁve extinctions were caused by natural phenomena. Conservatively, scientists estimate that 200 species have become extinct in the past 100 years, while the normal rate of extinction over past two million years has been of 2 species going extinct, due to evolutionary or other natural reasons.
This, the sixth mass extinction, is caused in large measure by human destruction of animal habitats - like habitat degradation, pollution and climate change. Poachers are driving numbers of elephants, pangolins, rhinos, giraffes and other creatures with body parts valuable on the black market to worryingly low levels. The global population of people continues to rise, along with our thirst for land and consumption. All of this is contributing to a rapid decline in wild creatures, both on land and in the ocean. Dr. Ehrlich, author of ‘The Population Bomb’ in 1960s that predicted collapse of humanity due to overpopulation, said, ‘there is only one overall solution, and that is to reduce the human enterprise. Population growth and increasing consumption among the rich is driving it.’ Dr. Ceballos who researched this alarming paper highlights the urgency of this crisis -- and the need for change. "The good news is, we still have time," he said. "These results show it is time to act. The window of opportunity is small, but we can still do something to save species and populations."
Check how much your 15-year-old knows about bank accounts and debit cards, planning and managing money, taxes, savings, risk & rewards, consumer rights and responsibilities in financial marketplace.
A fascinating study on financial literacy assessed about half a million 15-year-olds from 15 countries on their knowledge of personal finances and ability to apply it to financial problems. PISA 2015: Students’ Financial Literacy issued by the OECD in May 2017, using the same Pisa scoring system that ranks abilities in reading and maths.
PISA results show that parents and families play an important role; when students discuss money matters with their parents, they have significantly higher financial literacy skills, even after accounting for differences in socio-economic background.
Just 8 richest men own the same wealth as 50% of the world’s poor
Our ﬁrst reaction to this, at Kaleidoscope, - ‘that is incredible’, especially considering that the number that was 62 in 2015 and 388 in 2010 has come down to just 8. Either the rich are getting richer or the poor are getting poorer or both. Many call this as an extreme inequality, a crisis that needs to be tackled urgently. Some say this is an example of what human enterprise can aspire for and achieve. What do you think?
We live in a busy, happening world in which News 24X7 is a norm, whether they matter to us or not. In this section, we reflect on 3 news pieces on money, mind and media, from last quarter that are of relevance to parents .
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