Sentences with phrase «unprecedented economic events»

Then came the unprecedented economic event of an interest rate spike leading up to the 1980s where the prime rate climbed up to 20 % in the span of about 5 years peaking in 1981.

Then came the unprecedented economic event of an interest rate spike leading up to the 1980s where the prime rate climbed up to 20 % in the span of about 5 years peaking in 1981.

Not exact matches

a) they don't believe the premise of man - made climate change: they don't think scientific data collected to date is adequate to prove conclusively that any type of man - made event can result in either the recent fluxuations in climate or the anticipated kinds of drastic climate change, therefore CO2 control would be ineffective at solving the problem b) they don't believe CO2 alone is responsible: they think other variables are as or more likely to be the catalysts or causes for the scientific data collected to date on climate change therefore CO2 control would be ineffective at solving the problem c) they believe government efforts to curb CO2 emissions will fail resulting in an unprecedented waste of money and worse economic conditions.

This is an event unprecedented in human history, and they have achieved it in part by burning every molecule of fossil fuels they can get their hands on, and they are unlikely to accept limitations on fossil fuel consumption that will derail this economic progress.