I'm just wondering if Obama is currently preparing a guideline for loans to any (all) of the states. Obviously they can't all ask for 20-50 billions; Otherwise that would just turn China's crying wolf about dollar into a real bad wolf. If all the states asked for a bailout/loan, that would probably amount to a trillion, would it not?
Most states are below a Billion, I know Hawaii is around 640 Million for the next two years, until all the companies say screw this and leave.
Cali is the the pig that is up for slaughter, and even though I am burnt out on polisci stuff, it is incredible to watch. Kind of like a horror film.
Treasuries: A Very Bearish Development -- Seeking Alpha
From Marketwatch:
NEW YORK (MarketWatch) -- Dresdner Kleinwort Securities has withdrawn from the Federal Reserve's primary U.S. government security dealers, the U.S. central bank said Friday.
In short, it looks like banks are getting bloated with Treasuries and can't buy any more, or at least don't want to.
I still think that is were all the TARP, et al. funds are still going, simple Government accounting with money moving from one pocket to the other to show a profit.
Too bad, Suckers!
Banks Reap Record $9.8 Billion Trading Derivatives
June 26 (Bloomberg) -- The U.S. banking industry said it made $9.8 billion during the first quarter trading derivatives and securities as investors started returning to the markets amid signs the recession bottomed.
"Dresdner Kleinwort Securities has withdrawn from"
They're German aren't they. Merkel is meeting Obama today and seems like there's a lot of tension about the bank bailouts. Wonder whether these two items are related?
KK - I saw this about the same time the markets started their upward march.
2:30 pm : Stocks are trading sideways in a very narrow range. Action remains lackluster and listless.
Overall news flow remains slow, but Dow Jones reports that the Fed's Fisher stated that U.S. economic growth is likely to restart in the second half of this year. He also indicated that while the economy is not out of the woods yet, signs are encouraging.
Take your pick of the headline today. It will be one of the above.
1) Stocks close off lows of the day.
2) Stocks settle back after Thursday's surge.
3) Investors lock-in profits after Thursday's surge.
4) Investors see glimmers of hope.
KB has been sending out all sorts of just nasty advertising spam. My favorite is the one targetting state workers offering them special pricing - a whole 1% off! The other one comparing foreclosures to their product just shows how desparate they have become.
And yet the builders just don't get it and will continue to fail.
Totally OT but worth a try - any of you bay area folks going to the big K&L tasting event in SF on Sunday?
U.S. economic growth is likely to restart in the second half of this year. He also indicated that while the economy is not out of the woods yet, signs are encouraging.
My goodness, how many times can that second half recover still carry water.
I will admit, one of these years they will be right.
Last I checked our Volcano on the Big Island kicks out more C02 than everyone in the state. Oh I'm sorry, I'll shut up and have another beer.
I'm big on sustainable life, this carbon based cr#p is all about tax's and power, it has nothing to do with being green.
"Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:15 pm
I'm big on sustainable life, this carbon based cr#p is all about tax's and power, it has nothing to do with being green."
I never agree to anything, I reserve the right to change my mind at any time.
But essentially if you think its a load of ...., then I would say we are on the same wave length.
This should be no surprise. The federal government is backstopping almost every kind of loan. Risk, which was ignored during the bubble years, is again taken out of the equation, this time by our government. Despite the fact that the stock market has held up well over the past few months, this crisis is far from over and we have not seen the worst yet. The hard work has not been done, instead, the feds have invested in the production of a grand smoke and mirrors show.
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:19 pm
But essentially if you think its a load of ...., then I would say we are on the same wave length."
I have long argued Global Warming is a load of $#!t. I had to do a research paper on the Vikings decades ago and became aware of the Medieval Warming that occurred between 900-1200 AD. When I saw that this period was being completely ignored by Global Warming proponents, I knew they were full of it-
Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve
“My concern about that legislation is that if the GAO is auditing not only the operational aspects of our programs and the details of the programs, but is making judgments about our policy decisions, that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
We Gnomes were around long before you humans.
Don't worry about the planet making it through your influence.
You will be gone long before it's death...
Cinco-X -
Climate change is a reality, and it's impact will be massive. There are entire Countries that will be underwater with any sea level increase.
I disagree with our ego centric belief that we are the cause, and more importantly even if we are as a human race causing the change, that we can stop it.
The ring of fire is heating up again, the global warmers have never countered that, and as I pointed out volcanoes pump out massive amounts of green house gasses.
I'm way too tired to write a long post and attempt to make sense, but our focus should be on preparing for global change, not taxing to spend on the latest pork project. BTW, if you do buy property make sure it is 20 ft above sea level, and protected enough to withstand 200 mile an hour winds and out of 1,000 year flood plains.
Shylockracy - that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
Gee, and I thought that was what the legislation was all about. Man I just don't get this brave new world.
10% of the people, 15% of the economy, 25% of the RE land value, 50%+ of the companies the Chinese would REALLY like to own (AAPL, INTC, HPQ, CVX, ATVI)...
Technically Bernanke is correct... the real problem is with the Fed's original mandate, which allows for independence with little accountability. Unless and until that is reversed, the Fed will have carte blanc. F'ing Jeckyll Island
Anyone will do - it is very important that the market goes up, will go up soon, came of the lows, rallied, is undervalued, is 40% of the lows and is seen as a vehicle for everyone's long term financial gain. Please give Mr Market your money on a steady basis and do not ask any questions because "experts" will decide what's best for you.
HollywoodHack -
10% of the people, 15% of the economy, 25% of the RE land value, 50%+ of the companies the Chinese would REALLY like to own (AAPL, INTC, HPQ, CVX, ATVI)...
snort
No offense meant, I love bacon, ham and pigs in general. They are very smart and interesting animals. But they still have not figured out how to not end up on my breakfast plate.
"Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:31 pm
Cinco-X -
Climate change is a reality, and it's impact will be massive. There are entire Countries that will be underwater with any sea level increase."
There was a high correlation between the last sunspot cycle and what was perceived as global warming. There was even "global warming" on some of the planets (besides Earth) and their moons. We've exited that cycle, and watched temps stabilize and/or drop. I'm too tired to get into a pissing contest with "true believers" in global warming; it's just too exhausting. But you needn't worry that your home will disappear into the Pacific. Trust me;-)
'Whew, for an hour or so there I was worried they wouldn't be able to close above 920 on the SPX. All hail calvinball!!'
Somehow, I don' think the calvinball explanation is adequate - even taking into account that it might be facetious. Think of a black box with wheels, and a crowd of engineers standing around it, kicking it to see if it will start moving.
Hmm....Interesting: Sebelius Sees Room for U.S. Health Cooperative, Few GOP Votes - Bloomberg.com
"Health and Human Services Secretary Kathleen Sebelius said the Obama administration is open to the idea of a national insurance cooperative as a way to extend coverage to all Americans and bring down costs. "
Might work.......
But you needn't worry that your home will disappear into the Pacific. Trust me;-)
--
I live in the middle of the Island hidden in a valley, I was paying attention to this .... 15 years ago. I also left Kauai after it got WACKED twice in 10 years.
Mother Nature will remind us who is in charge if needed.
I don't fight the ocean, its bigger than me and I can't drink it all.
I don't eat sharks, so they need to be polite and not eat me. (worked so far).
And most important, Gaia can be a real Bi.. if you piss her off.
I'm really not a hippy freak, but sometimes you have to just go with the flow.
"There was a high correlation between the last sunspot cycle and what was perceived as global warming. "
But was there a causal correlation? You might establish a correlation between ocean temperature and the number of pepperoni pizzas ordered in a six month period in Guatemala City? Very interesting.
"The collapse of the [global warming] "consensus" has been driven by reality. The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. Peer-reviewed research has debunked doomsday scenarios about the polar ice caps, hurricanes, malaria, extinctions, rising oceans."
"it may take as long as 15 years for households to rebuild what they lost in the recession."
This what I mean about what people are taught. Most never had the Wealth they supposedly lost. It was a play on credit and debt and not wealth. Your house does not change in value until it is sold, then someone generally has a mortgage. Very little wealth is real.
Not at all, I have some good friends who are still living in the 60's. I just try to keep my eye on reality. Lately though I'm thinking running to hills may be a good idea.
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 4:46 pm
"There was a high correlation between the last sunspot cycle and what was perceived as global warming. "
But was there a causal correlation? You might establish a correlation between ocean temperature and the number of pepperoni pizzas ordered in a six month period in Guatemala City? Very interesting."
LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN.
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:53 pm
Ain't nothing wrong with being a hippie freak.
Not at all, I have some good friends who are still living in the 60's. I just try to keep my eye on reality. Lately though I'm thinking running to hills may be a good idea."
Hey, you might come across some Maui Wowwie. Try to avoid the "owner"
"The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. "
As CO2 levels rise above 400ppm in the atmosphere you're going to get warming and its attendant effects. We might be able to live with the warming. It's the attendant effects that are going to annoy us.
What happens over a decade doesn't disprove the physics.
.......re "global warming".......lets try something simple & sensible first - less than two sentences (not 1200+ pages): Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together.
What asset class would you consider real and actual wealth.
Gold is in the long run as volatile as equities, bonds are a shell game. CD's and money market accounts are dependent on the banking system.
Should I go out and buy a salt mine? If TSHTF that would be worth something.
"LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN."
No, as a scientist you'd want more than a hypothetical correlation based on a single variable. How much do we know about the atmospheric physics and chemistry of the Titanian atmosphere, for example, and how is that influenced by its orbital relationship to Jupiter and the sun?
Hey, asked you a question the other night but you'd already left. How fertile is your land up there? Seems like the whole greater LV area is pretty much rocks & sand with a little dirt in between... not exactly prime gardening material.
"Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together."
If you own it it is wealth. If you lend it to a bank or investment is is a risk. Any metal, paper money is wealth in flux and is only worth what it will buy. I buy houses, they flex in value ( I don't care about appreciation) but don't disappear.
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings The reaction should be 2 fold--putting less CO2 in the air and filtering out some of the sun's rays. Of course, we'll probably survive this event--not so our kids and grandchildren--let them worry about it.
Black Star Ranch - and lets all watch the temps fall together.
I will be the first to stand up and say climate change is happening.
Ice shelf's are melting, and it's impact will be LARGE.
What is causing it, and its effects needs to be studied.
Using it as an excuse to raise tax's, and feed pork programs is not a good answer.
Tax things and set up a fund for Banglesh that will be underwater along with other countries, that I would spend 1 cent per gallon on.
If you invested in a company in 1780, odds are pretty good your stock would be worth nothing today - but if it were worth something (Lloyd's, Beretta, ???), odds are you'd be fabulously wealthy. If on the other hand you bought ten ounces of gold, it would be worth - well, about the same, depending on how you want to measure such things. So I'd say you're dead wrong about the volatility.
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 5:02 pm
"LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN."
No, as a scientist you'd want more than a hypothetical correlation based on a single variable. How much do we know about the atmospheric physics and chemistry of the Titanian atmosphere, for example, and how is that influenced by its orbital relationship to Jupiter and the sun?"
Pavel,
I'm not talking about "cherry picking" data from a couple of bodies and ignoring the the data that doesn't fit. Essentially all the bodies in the inner range of our solar system experienced stable or increasing temps over recent years (prior to the end of the cycle). Using data from the Earth and assuming the results are from man-made sources while ignoring data from the rest of the planets IS "cherry picking".
Climate change has been happening before the global whining started. Ice Age anyone? Problem for me is the politics and money. more of another scam Like Global cooling, Y2k, Ozone depletion, etc. Kind of hard to see this as real. To much cry Wolf for me. Should we clean up our act? Yep but not screw this country in the ground in fell swoop as they are trying to do.
pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 2:04 pm
"Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together."
Gee, all those eggheads never thought of that.
No they did not. It took NorCal meterologist to establish a comprehensive survey of the USHCN locations and report back that only 11% comply with internal requirements. Most of those are out of compliance because of urban encroachment. Hie thee off to surfacestations.org and wattsupwiththat.com and educate yourself on this issue.
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 5:05 pm
What is causing it, and its effects needs to be studied.
Using it as an excuse to raise tax's, and feed pork programs is not a good answer."
Hmmm....That sounds reasonable. There must be something wrong with you
Joking, of course-
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings...
You mean the Vikings that flourished in their North Atlantic farm communities for centuries only to be forced out by increasingly cold conditions that persist to this day? Lol!
So I'd say you're dead wrong about the volatility.
Long term your right, short term as in my adult life gold seems to have been manipulated or just more volatile than anything outside of penny stocks. Silver and Oil does come close too at different times.
I'm not trying to nitpick, I just see that it seems everything is being pumped, dumped and no asset class will be spared. I can't remember where I heard the saying, "A true recession is where all asset classes get slaughter, its just a matter of time".
"Hie thee off to surfacestations.org and wattsupwiththat.com and educate yourself on this issue."
I'll check it out. I assume these are objective sites with credentials,and not organs of the energy companies. And since we're talking about a global phenomenon, is there also global information?
Any young whippersnappers on this blog who still remember their college loans?
My eldest needs a $2,000 Stafford loan (yeah, it's small) (Sallie Mae I think) but I'm hesitant to sign her up. I believe it's a 6.8% fixed rate, interest accrues but does not have to be paid until after graduation.
I don't want to start her off in life with a bad loan.
We're in a valley west of Vegas by about 60-70-miles. It's a long & wide prehistoric lakebed (approx 25 mi X 10 mi wide). It's been farmed for alfalfa & cotton since the 40s. Pahrump Valley didn't even get electric lines and phones until the mid to late 60s. The soil consists of puff dirt, age old decomposed grasses, minerals, some sand and salt. Water is 140' down, and you can stick any old seed into the ground, not add fertilizer and it'll sprout. The sun kills most things - many gardens are under shade (like my tomatoes, herbs, and lettuces). Every year I use the manure from the cows, the chicken shit and straw from the coops and corrals, after the winter and I'm good to go.
The glaciers in the Himalayas are disappearing--and they supply potable water to 1 billion people. Time to study is gone, time to act is now.
Cinco-X (profile) wrote (in reply to...) on Fri, 6/26/2009 - 4:23 pm
* reply
* Ignore user
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:19 pm
But essentially if you think its a load of ...., then I would say we are on the same wave length."
I have long argued Global Warming is a load of $#!t. I had to do a research paper on the Vikings decades ago and became aware of the Medieval Warming that occurred between 900-1200 AD. When I saw that this period was being completely ignored by Global Warming proponents, I knew they were full of it-
" Rob Dawg (homepage, profile) wrote on Fri, 6/26/2009 - 5:14 pm
Mel (profile) wrote on Fri, 6/26/2009 - 2:05 pm
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings...
You mean the Vikings that flourished in their North Atlantic farm communities for centuries only to be forced out by increasingly cold conditions that persist to this day? Lol!"
Right! The same ones that build the docks for their boats 60' (that's FEET) above current sea levels because the ocean was that much higher then. Those remnants still exist, which is one of many reasons we know this to be true.
stafford loans come two varieties: subsidized and unsubsidized. the subsidized version does not accrue interest during a deferment period (e.g. in-school). If possible, i would not use Sallie Mae as the servicer.
I trust the scientists more than those that did some research about the Vikings.
Fine. In fact, perfect. Then read the WSJ article linked above and search the named scientists. There is a place for informed opposition. If you don't wish to accept informal opinion, and I don't blame you, then do the work required to understand the subject.
Loan her the money and charge her half the interest. I paid my kids and has no debt. Well worth it. Great gard gift if you can afford to cancel the debt. Plus if the bail on school you got leverage!
I don't want to start her off in life with a bad loan.
Double the loan amount, there will always be surprise expenses.
As much as I HATE debt, he has to learn sooner or later and even 7% is not that bad. BUT he needs to understand what it means, it will most likely make him pay attention and get the most out of his education. I know it kept me focused like a laser.
Long term your right, short term as in my adult life gold seems to have been manipulated or just more volatile than anything outside of penny stocks
Yes... well, in the US in the past fifty years we've had remarkable physical security (by historical standards) while TPTB have played hob with the financial system. So gold has been a little more bouncy than usual, while investing in corporate plant has been safer. But things change.
I'd still take farmland over gold, though.
" Mel (profile) wrote on Fri, 6/26/2009 - 5:21 pm
Talking about correlations, methinks there's a high percentage of global warming naysayers who also believed in trickle down economics."
Ah yes; run out of facts- turn to personal attacks.
The hub used to work for Noaa. Global warming is real.
There are a couple of scientists who he regards as legit who disagree, but the
vast number agree and are scared to death.
Yeah, global warming and cooling can happen without us, but now we are
big enough in emissions etc, to cause it, affecting the environment over and above
all the other imputs that nature puts in.
You know, every day I drive to work and look out on the Ewa Plain where housing has burst forth with the 2nd city.
I had a friend who wanted to put in a walkway and two inches below the top soil / sand was coral reef. That whole area was not too long ago completely underwater.
What was before, will come again.
There where times when the entire planet was under ice, and there was times when there was no ice on the planet.
Who are we to decide it must stop changing because it is inconvenient to us.
And oh will it be inconvenient, but my ego is not big enough to say we can overpower the planet.
liz: I respect your position. Please, can't we instead refer to the matter as 'climate change'? I would wager a thin, new, 10 cent token your lesser half would agree.
Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management
by Richard Morrison, Competitive Enterprise Institute
Washington, D.C., June 26, 2009—The Competitive Enterprise Institute is today making public an internal study on climate science which was suppressed by the Environmental Protection Agency. Internal EPA email messages, released by CEI earlier in the week, indicate that the report was kept under wraps and its author silenced because of pressure to support the Administration’s agenda of regulating carbon dioxide."
The subsurface stations site looks interesting, but I don't see any indications disproving the basic physics and chemistry or their conclusions. As for the above - who is the "author" referred to here? What do we know about CEI and Mr. Morrison? Where are the internal EPA messages? Where is the report?
Not running out of facts, just heard this know nothing too many times. Do you about the glaciers? Did you know that incomes were not rising much the last 10 years? Ignore and then criticize is dishonest--but could be lucrative. The economy and the planet are burning up, and you criticize the firemen. My religion taught me to plant a fruit tree when I grow old--foolish thought by you?
"The hub used to work for Noaa. Global warming is real.
There are a couple of scientists who he regards as legit who disagree, but the
vast number agree and are scared to death.
Yeah, global warming and cooling can happen without us, but now we are
big enough in emissions etc, to cause it, affecting the environment over and above
all the other imputs that nature puts in."
This accords with what I understand of the matter, as a layman.
Did you know that incomes were not rising much the last 10 years?
Of course not. But the "basket" of benefits received by the individual has increased, whether it be in the form of government services, public education, or health care benefits. Personal income growth has suffered while the other three (and of course the top 1%) have skyrocketed.
Well I am going to remain ignorant and watch the sun. I do not doubt mankind is guilty of many sins including destroying the environment, but I believe the sun is still the number one player in determining the earth's climate. Doesn't mean we shouldn't take care of our world better. There is a lot we can do, but even if we go stone age and reduce the population to a 1/3....I am still betting the sun will have more to say whether we freeze or boil. An absent minded philosopher's two cents.
Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management
By Thomas Fuller
San Francisco Examiner
June 25, 2009
Source inside the Environmental Protection Agency confirmed many of the claims made by analyst Alan Carlin, the economist/physicist who yesterday went public with accusations that science was being ignored in evaluating the danger of CO2.
The source, who chooses not to be identified for fear of retaliation, said that Carlin was rebuffed in his attempt to introduce scientific evidence that does not accord with the EPA's view of global warming, which largely relies on IPCC reports. The source also saw Carlin's report and said that it was 'based on 8 points of peer-reviewed, recent and relevant scientific publications' that cast doubt on the wisdom of regulating CO2 as a pollutant.
The EPA's draft Endangerment Finding was initially written over a year ago during the Bush administration, and Lisa Jackson (the new head of the EPA) and her team wanted to get the Finding out on or near Earth Day, according to a schedule that was made public about a week before formal publication of the proposal. The draft was submitted to agency workgroups with only one week for review and comment, which is unprecedented, and received only light comments--except for Carlin's.
Alan Carlin, who had hosted a series of seminars featuring peer-reviewed scientists who disagree with the IPCC reports (but were unattended by members of the workgroup developing the Endangerment Finding) went public...via the Competitive Enterprise Institute after realising that there would be no debate about the science. The lectures by the scientists are available on the EPA website, but were not even mentioned in the Finding. Carlin was advised to get an attorney--and has since been reassigned to mundane work.
...
EPA may not have the expertise to evaluate many of the comments, as they are more charged with dealing with the effects of global warming through regulation rather than determining the true nature of the cause. Our source says members of the workgroup complained to other EPA staff that they don't understand these issues, much less how to relate the scientific studies identified in Carlin's report to the IPCC report.
My point is there is still a lot more science to be done, and we really do not have a clue yet as to the over all picture.
The critical point is that climate change, and the impacts can and will be devastating. I will shout it out again, carbon taxes to be spent on pork programs is the wrong way to go. There is no way we are going to stop China,and India from expanding and building more coal plants, or stop the slash and burning in Brazil destroying the rain forest to create farm land.
Or more importantly, if someone knows how to slow down or stop the increase activity in the ring of fire, (Pacific rim volcanoes just kind of going off), you know causing killer Tsunami's, etc.
We need to be focusing on being able to respond to and adapt to what is coming, and stop deluding ourselves that we can control the world, we can't even control our own economy people.
Pavel, I'm inclined to like the following as an introduction to some alternative thinking on climate change, even if the magazine is a lightweight.
I particularly appreciate the researcher's frankness - he doesn't undertake to discredit the greenhouse effect and in fact points to the research showing it is operative. The more believable, then, when his own work shows the situation to be more complex than greenhouse effect only:
By classifying C02 as a hazard, and controlling the release of C02, not only do you make a human being a hazard, you set in place the mind set that stopping the production of C02 is a service to society. Let's just kill the ones we don't like and its good for the planet.
Solent Green anyone?
" Source inside the Environmental Protection Agency confirmed many of the claims made by analyst Alan Carlin, the economist/physicist who yesterday went public with accusations that science was being ignored in evaluating the danger of CO2.
The source, who chooses not to be identified for fear of retaliation, "
OK. on what points does Carlin disagree with the IPCC? What are Carlin's credentials? Is he knowledgeable in relevant fields of climate science? Has he published peer-reviewed articles which include his disagreements with the IPCC? If so, what responses have there been?
"Alan Carlin, who had hosted a series of seminars featuring peer-reviewed scientists who disagree with the IPCC reports"
"Pavel, I'm inclined to like the following as an introduction to some alternative thinking on climate change, even if the magazine is a lightweight.
I particularly appreciate the researcher's frankness - he doesn't undertake to discredit the greenhouse effect and in fact points to the research showing it is operative. The more believable, then, when his own work shows the situation to be more complex than greenhouse effect only:
Pavel, you asked about the mechanism operative in the global cooling model. The Discover interview does a reasonable job of presenting that viewpoint.
Svensmark's work has continued since publication of the article, and has been taken up by CERN, who have the facilities and funding to work out (or disprove) the model on a molecular level. They believe they have the mechanism - they want to understand it fully.
Actually, my initial skepticism was brought about from the observation that global warming had attracted proponents or adherents. Hard science doesn't require them.
I'm just wondering if Obama is currently preparing a guideline for loans to any (all) of the states. Obviously they can't all ask for 20-50 billions; Otherwise that would just turn China's crying wolf about dollar into a real bad wolf. If all the states asked for a bailout/loan, that would probably amount to a trillion, would it not?
Get those big interest income(<---hahahahah) loans while you have the taxpayer back stop.
Most states are below a Billion, I know Hawaii is around 640 Million for the next two years, until all the companies say screw this and leave.
Cali is the the pig that is up for slaughter, and even though I am burnt out on polisci stuff, it is incredible to watch. Kind of like a horror film.
Whew, for an hour or so there I was worried they wouldn't be able to close above 920 on the SPX. All hail calvinball!!
Treasuries: A Very Bearish Development -- Seeking Alpha
From Marketwatch:
NEW YORK (MarketWatch) -- Dresdner Kleinwort Securities has withdrawn from the Federal Reserve's primary U.S. government security dealers, the U.S. central bank said Friday.
In short, it looks like banks are getting bloated with Treasuries and can't buy any more, or at least don't want to.
I still think that is were all the TARP, et al. funds are still going, simple Government accounting with money moving from one pocket to the other to show a profit.
Loving that PPT!
So what is the good news I'm obviously to blind to see?
Or just the not so invisible hand at work?
Couple of days ago it was a BIG stack from the ECB...they didn't spend it all on...erm...entertainment services yet
Too bad, Suckers!
Banks Reap Record $9.8 Billion Trading Derivatives
June 26 (Bloomberg) -- The U.S. banking industry said it made $9.8 billion during the first quarter trading derivatives and securities as investors started returning to the markets amid signs the recession bottomed.
Uh-Oh!
"Edmund Phelps, winner of the Nobel Prize in economics in 2006 and a professor at Columbia University in New York, said it may take as long as 15 years for households to rebuild what they lost in the recession."
Mish's Global Economic Trend Analysis: US Savings Rate Hits 6.9%, Highest In 15 Years
Sorry if it's a repost-
"Dresdner Kleinwort Securities has withdrawn from"
They're German aren't they. Merkel is meeting Obama today and seems like there's a lot of tension about the bank bailouts. Wonder whether these two items are related?
KK - I saw this about the same time the markets started their upward march.
2:30 pm : Stocks are trading sideways in a very narrow range. Action remains lackluster and listless.
Overall news flow remains slow, but Dow Jones reports that the Fed's Fisher stated that U.S. economic growth is likely to restart in the second half of this year. He also indicated that while the economy is not out of the woods yet, signs are encouraging.
Take your pick of the headline today. It will be one of the above.
1) Stocks close off lows of the day.
2) Stocks settle back after Thursday's surge.
3) Investors lock-in profits after Thursday's surge.
4) Investors see glimmers of hope.
KB has been sending out all sorts of just nasty advertising spam. My favorite is the one targetting state workers offering them special pricing - a whole 1% off! The other one comparing foreclosures to their product just shows how desparate they have become.
And yet the builders just don't get it and will continue to fail.
Totally OT but worth a try - any of you bay area folks going to the big K&L tasting event in SF on Sunday?
notafriend_of_uncleben -
U.S. economic growth is likely to restart in the second half of this year. He also indicated that while the economy is not out of the woods yet, signs are encouraging.
My goodness, how many times can that second half recover still carry water.
I will admit, one of these years they will be right.
At least some folks are coming to their senses:
The Climate Change Climate Change - WSJ.com
I'm still putting my money on a third half recovery...
OT:
Rate these in priority in your retirement acct:
1. Liquor
2. Silver
3. Lead
Oooo.... no 920 for you!
"Oooo.... no 920 for you! "
Yep sold to Yu.
Yah, I read that in the dead tree edition this AM.
Unfortunately, the zombie meme is out there and will cause many stupid government actions before it is finally put down.
Cinco-X -
At least some folks are coming to their senses:
Last I checked our Volcano on the Big Island kicks out more C02 than everyone in the state. Oh I'm sorry, I'll shut up and have another beer.
I'm big on sustainable life, this carbon based cr#p is all about tax's and power, it has nothing to do with being green.
Interesting "Liberal" take on healthcare:
Michael Kinsley - Rationing Health Care Is Our Choice - washingtonpost.com
HomeGnome -
2. Silver
The silver bullet retirement plan, one shot and your retired.
Lead is no way to go.
"Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:15 pm
I'm big on sustainable life, this carbon based cr#p is all about tax's and power, it has nothing to do with being green."
So we're in agreement, right?
Totally OT but worth a try - any of you bay area folks going to the big K&L tasting event in SF on Sunday?
Damn I miss the bay area. Please mail a vatfull to me here in DC.
Any word from Sheila's Sappers?
Cinco-X -
So we're in agreement, right?
I never agree to anything, I reserve the right to change my mind at any time.
But essentially if you think its a load of ...., then I would say we are on the same wave length.
This should be no surprise. The federal government is backstopping almost every kind of loan. Risk, which was ignored during the bubble years, is again taken out of the equation, this time by our government. Despite the fact that the stock market has held up well over the past few months, this crisis is far from over and we have not seen the worst yet. The hard work has not been done, instead, the feds have invested in the production of a grand smoke and mirrors show.
So JP is doubling down?
dumb shits.... obvi no CR readers over there....
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:19 pm
But essentially if you think its a load of ...., then I would say we are on the same wave length."
I have long argued Global Warming is a load of $#!t. I had to do a research paper on the Vikings decades ago and became aware of the Medieval Warming that occurred between 900-1200 AD. When I saw that this period was being completely ignored by Global Warming proponents, I knew they were full of it-
JP doubles down...heads they win, tails the taxpayer loses. Doesnt sound too dumb to me.
Now, if BAC tried this, it would be dumb, because they arent in the GS league of preferred not-so-gentlemen.
Risk, which was ignored during the bubble years, is again moved about in the equation, this time assumed by our government.
There. Much better.
GDD9000 - good point... whats that called again.... LOL
Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve
“My concern about that legislation is that if the GAO is auditing not only the operational aspects of our programs and the details of the programs, but is making judgments about our policy decisions, that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
(Video)
cryptogon.com » Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve
We Gnomes were around long before you humans.
Don't worry about the planet making it through your influence.
You will be gone long before it's death...
Deflation Jane,
Should be epic weather...hazy right now by gg park...but supposed to be 80 in city sat, sun...I'm running away to the heat...
Cinco-X -
Climate change is a reality, and it's impact will be massive. There are entire Countries that will be underwater with any sea level increase.
I disagree with our ego centric belief that we are the cause, and more importantly even if we are as a human race causing the change, that we can stop it.
The ring of fire is heating up again, the global warmers have never countered that, and as I pointed out volcanoes pump out massive amounts of green house gasses.
I'm way too tired to write a long post and attempt to make sense, but our focus should be on preparing for global change, not taxing to spend on the latest pork project. BTW, if you do buy property make sure it is 20 ft above sea level, and protected enough to withstand 200 mile an hour winds and out of 1,000 year flood plains.
Shylockracy - that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
Gee, and I thought that was what the legislation was all about. Man I just don't get this brave new world.
What's in these brownies, anyway?
HomeGnome (profile) wrote on Fri, 6/26/2009 - 4:33 pm
What's in these brownies, anyway?
Don't worry; it's just oregano....
"Cali is the the pig that is up for slaughter"
10% of the people, 15% of the economy, 25% of the RE land value, 50%+ of the companies the Chinese would REALLY like to own (AAPL, INTC, HPQ, CVX, ATVI)...
snort
Shylockcracy, Kahuna-
Technically Bernanke is correct... the real problem is with the Fed's original mandate, which allows for independence with little accountability. Unless and until that is reversed, the Fed will have carte blanc. F'ing Jeckyll Island
Anyone will do - it is very important that the market goes up, will go up soon, came of the lows, rallied, is undervalued, is 40% of the lows and is seen as a vehicle for everyone's long term financial gain. Please give Mr Market your money on a steady basis and do not ask any questions because "experts" will decide what's best for you.
HollywoodHack -
10% of the people, 15% of the economy, 25% of the RE land value, 50%+ of the companies the Chinese would REALLY like to own (AAPL, INTC, HPQ, CVX, ATVI)...
snort
No offense meant, I love bacon, ham and pigs in general. They are very smart and interesting animals. But they still have not figured out how to not end up on my breakfast plate.
Corus took a dive at the close. From 23 cents down to 12.
"Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:31 pm
Cinco-X -
Climate change is a reality, and it's impact will be massive. There are entire Countries that will be underwater with any sea level increase."
There was a high correlation between the last sunspot cycle and what was perceived as global warming. There was even "global warming" on some of the planets (besides Earth) and their moons. We've exited that cycle, and watched temps stabilize and/or drop. I'm too tired to get into a pissing contest with "true believers" in global warming; it's just too exhausting. But you needn't worry that your home will disappear into the Pacific. Trust me;-)
'Whew, for an hour or so there I was worried they wouldn't be able to close above 920 on the SPX. All hail calvinball!!'
Somehow, I don' think the calvinball explanation is adequate - even taking into account that it might be facetious. Think of a black box with wheels, and a crowd of engineers standing around it, kicking it to see if it will start moving.
Hmm....Interesting:
Sebelius Sees Room for U.S. Health Cooperative, Few GOP Votes - Bloomberg.com
"Health and Human Services Secretary Kathleen Sebelius said the Obama administration is open to the idea of a national insurance cooperative as a way to extend coverage to all Americans and bring down costs. "
Might work.......
But you needn't worry that your home will disappear into the Pacific. Trust me;-)
--
I live in the middle of the Island hidden in a valley, I was paying attention to this .... 15 years ago. I also left Kauai after it got WACKED twice in 10 years.
Mother Nature will remind us who is in charge if needed.
I don't fight the ocean, its bigger than me and I can't drink it all.
I don't eat sharks, so they need to be polite and not eat me. (worked so far).
And most important, Gaia can be a real Bi.. if you piss her off.
I'm really not a hippy freak, but sometimes you have to just go with the flow.
"There was a high correlation between the last sunspot cycle and what was perceived as global warming. "
But was there a causal correlation? You might establish a correlation between ocean temperature and the number of pepperoni pizzas ordered in a six month period in Guatemala City? Very interesting.
Forget sunspots, everyone get over to tickerforum The "Folding" [Rumors] - MarketTicker Forums
Your 401k is gonna get "confiscated". Make sure to put your tin-foil coliander on though, plug it in and turn to full-charge first.
2, 3, 1 (for barter)
"The collapse of the [global warming] "consensus" has been driven by reality. The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. Peer-reviewed research has debunked doomsday scenarios about the polar ice caps, hurricanes, malaria, extinctions, rising oceans."
Kahuna,
Ain't nothing wrong with being a hippie freak.
I'll admit that this does smack of "tooting his own horn".
June 26 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said central bank efforts to revive the economy have kept the U.S. from falling into a depression.
Fisher Says Fed Actions Helped Pull U.S. ‘From Abyss’ (Update3) - Bloomberg.com
Broward,
Please don't tell me that doesn't mean what I think it means
"it may take as long as 15 years for households to rebuild what they lost in the recession."
This what I mean about what people are taught. Most never had the Wealth they supposedly lost. It was a play on credit and debt and not wealth. Your house does not change in value until it is sold, then someone generally has a mortgage. Very little wealth is real.
poic -
Your 401k is gonna get "confiscated". Make sure to put your tin-foil coliander on though, plug it in and turn to full-charge first.
We are not Argentina yet. But 5 years from now who knows.
Any law can be changed even the Constitution, and not always for the better.
"how to not end up on my breakfast plate"
it all ends up at the greasy spoon joint in Sacto one way or another...
CNN is reporting MJ died of food poisoning!
He ate some 12 year old nuts....
have a good weekend folks
HomeGnome -
Ain't nothing wrong with being a hippie freak.
Not at all, I have some good friends who are still living in the 60's. I just try to keep my eye on reality. Lately though I'm thinking running to hills may be a good idea.
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 4:46 pm
"There was a high correlation between the last sunspot cycle and what was perceived as global warming. "
But was there a causal correlation? You might establish a correlation between ocean temperature and the number of pepperoni pizzas ordered in a six month period in Guatemala City? Very interesting."
LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN.
Cinco-X -- Federal Reserve Bank of Dallas President Richard Fisher
Looks like he had a dinner at the White House with OB.
Another one bites the dust.
Hmmm, sounds like they have to expand the ponzi scheme to prevent it from failing. Shocker.
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:53 pm
Ain't nothing wrong with being a hippie freak.
Not at all, I have some good friends who are still living in the 60's. I just try to keep my eye on reality. Lately though I'm thinking running to hills may be a good idea."
Hey, you might come across some Maui Wowwie. Try to avoid the "owner"
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:55 pm
Cinco-X -- Federal Reserve Bank of Dallas President Richard Fisher
Looks like he had a dinner at the White House with OB.
Another one bites the dust."
Or drinks the Kool-Aid. Thanks for the tip
"The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. "
As CO2 levels rise above 400ppm in the atmosphere you're going to get warming and its attendant effects. We might be able to live with the warming. It's the attendant effects that are going to annoy us.
What happens over a decade doesn't disprove the physics.
.......re "global warming".......lets try something simple & sensible first - less than two sentences (not 1200+ pages): Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together.
Lobbyist Ben Dover - Very little wealth is real.
What asset class would you consider real and actual wealth.
Gold is in the long run as volatile as equities, bonds are a shell game. CD's and money market accounts are dependent on the banking system.
Should I go out and buy a salt mine? If TSHTF that would be worth something.
Cinco-X -
Hey, you might come across some Maui Wowwie. Try to avoid the "owner"
Hey, odds are I was in FFA with them.
"
Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 5:01 pm
Cinco-X -
Hey, you might come across some Maui Wowwie. Try to avoid the "owner"
Hey, odds are I was in FFA with them. Smile"
Can we be friends?
"LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN."
No, as a scientist you'd want more than a hypothetical correlation based on a single variable. How much do we know about the atmospheric physics and chemistry of the Titanian atmosphere, for example, and how is that influenced by its orbital relationship to Jupiter and the sun?
BSR,
Hey, asked you a question the other night but you'd already left. How fertile is your land up there? Seems like the whole greater LV area is pretty much rocks & sand with a little dirt in between... not exactly prime gardening material.
Should I go out and buy a salt mine?
Yes, it could double as a labor sink for your kids.
"Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together."
Gee, all those eggheads never thought of that.
If you own it it is wealth. If you lend it to a bank or investment is is a risk. Any metal, paper money is wealth in flux and is only worth what it will buy. I buy houses, they flex in value ( I don't care about appreciation) but don't disappear.
" poic (profile) wrote on Fri, 6/26/2009 - 4:48 pm
Forget sunspots, everyone get over to tickerforum The "Folding" [Rumors] - MarketTicker Forums
Your 401k is gonna get "confiscated". Make sure to put your tin-foil coliander on though, plug it in and turn to full-charge first."
HaHa! Good one.Those posts are only a year and a half old
"Jupiter "
Sorry, Saturn.
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings The reaction should be 2 fold--putting less CO2 in the air and filtering out some of the sun's rays. Of course, we'll probably survive this event--not so our kids and grandchildren--let them worry about it.
Black Star Ranch - and lets all watch the temps fall together.
I will be the first to stand up and say climate change is happening.
Ice shelf's are melting, and it's impact will be LARGE.
What is causing it, and its effects needs to be studied.
Using it as an excuse to raise tax's, and feed pork programs is not a good answer.
Tax things and set up a fund for Banglesh that will be underwater along with other countries, that I would spend 1 cent per gallon on.
broward -
Yes, it could double as a labor sink for your kids.
Yea, but I still have to stop working so much to find my next ex-wife and pump some of them out in between.
Gold is in the long run as volatile as equities
If you invested in a company in 1780, odds are pretty good your stock would be worth nothing today - but if it were worth something (Lloyd's, Beretta, ???), odds are you'd be fabulously wealthy. If on the other hand you bought ten ounces of gold, it would be worth - well, about the same, depending on how you want to measure such things. So I'd say you're dead wrong about the volatility.
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 5:02 pm
"LOL- Common sense tells me that there shouldn't be a causal relationship between pizza purchases and a temperature rise on Titan, but if I see a temperature rise on Titan AND the Earth (and other planets and moons), I'd want to look for something they have in common, LIKE THE SUN."
No, as a scientist you'd want more than a hypothetical correlation based on a single variable. How much do we know about the atmospheric physics and chemistry of the Titanian atmosphere, for example, and how is that influenced by its orbital relationship to Jupiter and the sun?"
Pavel,
I'm not talking about "cherry picking" data from a couple of bodies and ignoring the the data that doesn't fit. Essentially all the bodies in the inner range of our solar system experienced stable or increasing temps over recent years (prior to the end of the cycle). Using data from the Earth and assuming the results are from man-made sources while ignoring data from the rest of the planets IS "cherry picking".
Climate change has been happening before the global whining started. Ice Age anyone? Problem for me is the politics and money. more of another scam Like Global cooling, Y2k, Ozone depletion, etc. Kind of hard to see this as real. To much cry Wolf for me. Should we clean up our act? Yep but not screw this country in the ground in fell swoop as they are trying to do.
pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 2:04 pm
"Lets move all the weather stations that record these supposed "higher temps" out of the hotter urban areas (normally setup around buildings, sidewalks, streets, and the obvious required electricity to power these same stations) and lets all watch the temps fall together."
Gee, all those eggheads never thought of that.
No they did not. It took NorCal meterologist to establish a comprehensive survey of the USHCN locations and report back that only 11% comply with internal requirements. Most of those are out of compliance because of urban encroachment. Hie thee off to surfacestations.org and wattsupwiththat.com and educate yourself on this issue.
there is no debate about the climate changing
the debate is about how the oligarchs can capitalize on it at the expense of as many as possible other than themselves
some things are easy to figure when you discard the unnecessary elements
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 5:05 pm
What is causing it, and its effects needs to be studied.
Using it as an excuse to raise tax's, and feed pork programs is not a good answer."
Hmmm....That sounds reasonable. There must be something wrong with you
Joking, of course-
Mel (profile) wrote on Fri, 6/26/2009 - 2:05 pm
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings...
You mean the Vikings that flourished in their North Atlantic farm communities for centuries only to be forced out by increasingly cold conditions that persist to this day? Lol!
Pavel,
I meant to ask you this a few week ago, do you know a Dr. Witold Lukaszewski?
bbartlog -
So I'd say you're dead wrong about the volatility.
Long term your right, short term as in my adult life gold seems to have been manipulated or just more volatile than anything outside of penny stocks. Silver and Oil does come close too at different times.
I'm not trying to nitpick, I just see that it seems everything is being pumped, dumped and no asset class will be spared. I can't remember where I heard the saying, "A true recession is where all asset classes get slaughter, its just a matter of time".
BSR is correct about the weather stations
this has been known
the oligarchs know it too
they aren't worried about anyone figuring it out
we have more important things to consider, like the death of a rock star
"Hie thee off to surfacestations.org and wattsupwiththat.com and educate yourself on this issue."
I'll check it out. I assume these are objective sites with credentials,and not organs of the energy companies. And since we're talking about a global phenomenon, is there also global information?
Any response from NOAA?
Any young whippersnappers on this blog who still remember their college loans?
My eldest needs a $2,000 Stafford loan (yeah, it's small) (Sallie Mae I think) but I'm hesitant to sign her up. I believe it's a 6.8% fixed rate, interest accrues but does not have to be paid until after graduation.
I don't want to start her off in life with a bad loan.
"Pavel,
I meant to ask you this a few week ago, do you know a Dr. Witold Lukaszewski?"
No, sorry.
"How fertile is your land up there?"
We're in a valley west of Vegas by about 60-70-miles. It's a long & wide prehistoric lakebed (approx 25 mi X 10 mi wide). It's been farmed for alfalfa & cotton since the 40s. Pahrump Valley didn't even get electric lines and phones until the mid to late 60s. The soil consists of puff dirt, age old decomposed grasses, minerals, some sand and salt. Water is 140' down, and you can stick any old seed into the ground, not add fertilizer and it'll sprout. The sun kills most things - many gardens are under shade (like my tomatoes, herbs, and lettuces). Every year I use the manure from the cows, the chicken shit and straw from the coops and corrals, after the winter and I'm good to go.
The glaciers in the Himalayas are disappearing--and they supply potable water to 1 billion people. Time to study is gone, time to act is now.
Cinco-X (profile) wrote (in reply to...) on Fri, 6/26/2009 - 4:23 pm
* reply
* Ignore user
" Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 4:19 pm
But essentially if you think its a load of ...., then I would say we are on the same wave length."
I have long argued Global Warming is a load of $#!t. I had to do a research paper on the Vikings decades ago and became aware of the Medieval Warming that occurred between 900-1200 AD. When I saw that this period was being completely ignored by Global Warming proponents, I knew they were full of it-
" Rob Dawg (homepage, profile) wrote on Fri, 6/26/2009 - 5:14 pm
Mel (profile) wrote on Fri, 6/26/2009 - 2:05 pm
Global warming is less an inconvenient truth than it is an expensive reality. I trust the scientists more than those that did some research about the Vikings...
You mean the Vikings that flourished in their North Atlantic farm communities for centuries only to be forced out by increasingly cold conditions that persist to this day? Lol!"
Right! The same ones that build the docks for their boats 60' (that's FEET) above current sea levels because the ocean was that much higher then. Those remnants still exist, which is one of many reasons we know this to be true.
Pavel,
Thanks.
Cinco-X - There must be something wrong with you Wink
Oh yes, there are deep dark secrets and horrible nasty issues.
I just try not to show it public too often.
stafford loans come two varieties: subsidized and unsubsidized. the subsidized version does not accrue interest during a deferment period (e.g. in-school). If possible, i would not use Sallie Mae as the servicer.
I trust the scientists more than those that did some research about the Vikings.
Fine. In fact, perfect. Then read the WSJ article linked above and search the named scientists. There is a place for informed opposition. If you don't wish to accept informal opinion, and I don't blame you, then do the work required to understand the subject.
" BSR is correct about the weather stations
this has been known
the oligarchs know it too"
As I said, I'll check it out. It doesn't sound plausible though. I seem to remember this being hashed out over the past few years.
If you own it it is wealth
The Casey Serin mantra.
try the US Dept of Education as the lender/servicer.
Federal Direct Loans
Hey TJ........try this:
Pahrump, Nevada
Outsider,
Loan her the money and charge her half the interest. I paid my kids and has no debt. Well worth it. Great gard gift if you can afford to cancel the debt. Plus if the bail on school you got leverage!
Thank you Basel Too - it's the unsubsidized.
If it's a bad deal I'll find another way. Maybe rent out her room or something.
Outsider -
I don't want to start her off in life with a bad loan.
Double the loan amount, there will always be surprise expenses.
As much as I HATE debt, he has to learn sooner or later and even 7% is not that bad. BUT he needs to understand what it means, it will most likely make him pay attention and get the most out of his education. I know it kept me focused like a laser.
Long term your right, short term as in my adult life gold seems to have been manipulated or just more volatile than anything outside of penny stocks
Yes... well, in the US in the past fifty years we've had remarkable physical security (by historical standards) while TPTB have played hob with the financial system. So gold has been a little more bouncy than usual, while investing in corporate plant has been safer. But things change.
I'd still take farmland over gold, though.
Talking about correlations, methinks there's a high percentage of global warming naysayers who also believed in trickle down economics.
Gnome, I posted about a 3rd half recovery months ago.
But then I changed my mind. 4th Half.
Since they were saying the same thing this time last year, they are on a 4th half right now from
then, and that would mean that I think now 6th half!
wealth is that which is real, durable, trade-able and has no counter party risk
think folk, what items fit this
"Kauai_Kahuna (homepage, profile) wrote on Fri, 6/26/2009 - 5:17 pm
Oh yes, there are deep dark secrets and horrible nasty issues.
I just try not to show it public too often. Smile"
I come here to do it;-)
Michael Jackson is still dead.
So, alas, is Farah F. My secy hates it that he had to die on the same day and
wipe news of a nice person off the air.
He was, I admit a far greater start.
Perhaps Thriller is so good because he let his true evil come out and play.
" Mel (profile) wrote on Fri, 6/26/2009 - 5:21 pm
Talking about correlations, methinks there's a high percentage of global warming naysayers who also believed in trickle down economics."
Ah yes; run out of facts- turn to personal attacks.
Where's the bank failures already? Or are they afraid to do one so close to July 4th?
The reverse of trickle down economics must be trickle up economics. Could some one explain how that works?
pavel, try this site.....I had it bookmarked, I know very little about this stuff -
24thstate.com: Missouri Weather Stations And Global Warming
"
Lobbyist Ben Dover (profile) wrote on Fri, 6/26/2009 - 5:25 pm
The reverse of trickle down economics must be trickle up economics. Could some one explain how that works?"
Are you familiar with the term "Golden Shower"?
The reverse of trickle down economics must be trickle up economics. Could some one explain how that works?
Oooh! I know! Pick me! Pick me!
I've been preaching trickle up as a possibility someday, somehow.
Here's how it works: you know all that $$ the govt./taxpayers are giving to the big banks, etc. etc. etc.?
Well, instead you put all that $$$ to work helping the regular joe - by paying off all mortgages in the US ($12T?)
Then you sit back and watch while the economy starts whirring again.
Those are the basics. Someone else will have to work out the details.
BSR,
Interesting! Thanks for the info and the link.
Yep! Kind of like physics S-it flows down hill.
The hub used to work for Noaa. Global warming is real.
There are a couple of scientists who he regards as legit who disagree, but the
vast number agree and are scared to death.
Yeah, global warming and cooling can happen without us, but now we are
big enough in emissions etc, to cause it, affecting the environment over and above
all the other imputs that nature puts in.
You know, every day I drive to work and look out on the Ewa Plain where housing has burst forth with the 2nd city.
I had a friend who wanted to put in a walkway and two inches below the top soil / sand was coral reef. That whole area was not too long ago completely underwater.
What was before, will come again.
There where times when the entire planet was under ice, and there was times when there was no ice on the planet.
Who are we to decide it must stop changing because it is inconvenient to us.
And oh will it be inconvenient, but my ego is not big enough to say we can overpower the planet.
Maybe I just have low self esteem.
Well, at least gas rises.
Outsider,
The problem is the government gets its money from trickle down economics. Printing money does not make wealth.
The reverse of trickle down economics must be trickle up economics. Could some one explain how that works?"
It's called tax's.
liz: I respect your position. Please, can't we instead refer to the matter as 'climate change'? I would wager a thin, new, 10 cent token your lesser half would agree.
:Related story:
Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management
by Richard Morrison, Competitive Enterprise Institute
Washington, D.C., June 26, 2009—The Competitive Enterprise Institute is today making public an internal study on climate science which was suppressed by the Environmental Protection Agency. Internal EPA email messages, released by CEI earlier in the week, indicate that the report was kept under wraps and its author silenced because of pressure to support the Administration’s agenda of regulating carbon dioxide."
The subsurface stations site looks interesting, but I don't see any indications disproving the basic physics and chemistry or their conclusions. As for the above - who is the "author" referred to here? What do we know about CEI and Mr. Morrison? Where are the internal EPA messages? Where is the report?
Food for thought...
JunkScience.com -- The Real Inconvenient Truth: Greenhouse, global warming and some facts
Well, there are seashells way up in the mountains that were laid down millions of
years ago, tho no doubt your coral is recent.
Nothing beneficient happened in Cali today??
Want a failure!!!
Taxes are theft for government to claim public good.
Not running out of facts, just heard this know nothing too many times. Do you about the glaciers? Did you know that incomes were not rising much the last 10 years? Ignore and then criticize is dishonest--but could be lucrative. The economy and the planet are burning up, and you criticize the firemen. My religion taught me to plant a fruit tree when I grow old--foolish thought by you?
"The hub used to work for Noaa. Global warming is real.
There are a couple of scientists who he regards as legit who disagree, but the
vast number agree and are scared to death.
Yeah, global warming and cooling can happen without us, but now we are
big enough in emissions etc, to cause it, affecting the environment over and above
all the other imputs that nature puts in."
This accords with what I understand of the matter, as a layman.
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 5:33 pm
:Related story:
Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management"
Link, please-
Should be do you know about the glaciers?
I wager many
s if you ever come to Florida, Volker.
LL,
So hub works for NASA, Does he think they should shut down all space launches to save the planet?
Did you know that incomes were not rising much the last 10 years?
Of course not. But the "basket" of benefits received by the individual has increased, whether it be in the form of government services, public education, or health care benefits. Personal income growth has suffered while the other three (and of course the top 1%) have skyrocketed.
The reverse of trickle down economics must be trickle up economics.
I believe the reverse of trickle down = piss off.
Liz: I'm ALWAYS up for beer. But, does he say, okay--climate change. After all, it really could go either way.
"Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management"
Link, please- "
That's what I'm asking for, basically. It's not my assertion.
Well I am going to remain ignorant and watch the sun. I do not doubt mankind is guilty of many sins including destroying the environment, but I believe the sun is still the number one player in determining the earth's climate. Doesn't mean we shouldn't take care of our world better. There is a lot we can do, but even if we go stone age and reduce the population to a 1/3....I am still betting the sun will have more to say whether we freeze or boil. An absent minded philosopher's two cents.
Did you know that incomes were not rising much the last 10 years?
Not rising at all.
That's related to the graph showing a dramatic decrease in job creation since 2001.
Sure, if it would save the planet. But since the planet isn't being damaged in any
meaningful way by launches, it wouldn't.
bank closing ga
I will ask his opinion on the verbiage when he gets home or tomorrow.
He's working on a launch, I think the much-delayed shuttle launch.
Dunno if the weather will allow it.
busy, busy
Hurrah, Gaby.
The great state of Georgia.
What. . . .a. . . . .surprise. . . . . . . . . . not.
Outsider,
The problem is the government gets its money from trickle down economics. Printing money does not make wealth.
Whether they're donating to the top or to the bottom, aren't they printing money either way?
community bank of west ga villa rica
Knurd!
So what does it mean when FDIC's failed bank list page is 404?
FDIC: Failed Bank List
Is this just more of that new transparency that Obama has pledged, but played opposite day with?
" pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 5:38 pm
"Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management"
Link, please- "
That's what I'm asking for, basically. It's not my assertion."
Mike's America: Global Warming Bill Voting Today in House of Representatives
http://cei.org/cei_files/fm/active/0/DOC062509-004.pdf
Source inside EPA confirms claims of science being ignored, suppressed, by top EPA management
By Thomas Fuller
San Francisco Examiner
June 25, 2009
Source inside the Environmental Protection Agency confirmed many of the claims made by analyst Alan Carlin, the economist/physicist who yesterday went public with accusations that science was being ignored in evaluating the danger of CO2.
The source, who chooses not to be identified for fear of retaliation, said that Carlin was rebuffed in his attempt to introduce scientific evidence that does not accord with the EPA's view of global warming, which largely relies on IPCC reports. The source also saw Carlin's report and said that it was 'based on 8 points of peer-reviewed, recent and relevant scientific publications' that cast doubt on the wisdom of regulating CO2 as a pollutant.
The EPA's draft Endangerment Finding was initially written over a year ago during the Bush administration, and Lisa Jackson (the new head of the EPA) and her team wanted to get the Finding out on or near Earth Day, according to a schedule that was made public about a week before formal publication of the proposal. The draft was submitted to agency workgroups with only one week for review and comment, which is unprecedented, and received only light comments--except for Carlin's.
Alan Carlin, who had hosted a series of seminars featuring peer-reviewed scientists who disagree with the IPCC reports (but were unattended by members of the workgroup developing the Endangerment Finding) went public...via the Competitive Enterprise Institute after realising that there would be no debate about the science. The lectures by the scientists are available on the EPA website, but were not even mentioned in the Finding. Carlin was advised to get an attorney--and has since been reassigned to mundane work.
...
EPA may not have the expertise to evaluate many of the comments, as they are more charged with dealing with the effects of global warming through regulation rather than determining the true nature of the cause. Our source says members of the workgroup complained to other EPA staff that they don't understand these issues, much less how to relate the scientific studies identified in Carlin's report to the IPCC report.
and before 6pm too
Globalwarming.gov | Media Center | Press Releases
Lying EPA
LL,
The chemical reaction of the rocket fuel I bet have nasty byproducts that are not earth friendly.
"
gabyjan (profile) wrote on Fri, 6/26/2009 - 5:41 pm
bank closing ga"
Then we should be pigged any minute-
$85M cost to DIF for total assets of $199M. And a direct payout. Yikes!
My point is there is still a lot more science to be done, and we really do not have a clue yet as to the over all picture.
The critical point is that climate change, and the impacts can and will be devastating. I will shout it out again, carbon taxes to be spent on pork programs is the wrong way to go. There is no way we are going to stop China,and India from expanding and building more coal plants, or stop the slash and burning in Brazil destroying the rain forest to create farm land.
Or more importantly, if someone knows how to slow down or stop the increase activity in the ring of fire, (Pacific rim volcanoes just kind of going off), you know causing killer Tsunami's, etc.
We need to be focusing on being able to respond to and adapt to what is coming, and stop deluding ourselves that we can control the world, we can't even control our own economy people.
If I recall correcting there was a guy who got suppressed for the opposite reason by the Bush
administration.
The hub won't be home til late. Lady Launch.
FDIC: Failed Bank Information - Bank Closing Information for Community Bank of West Georgia, Villa Rica, GA
Outsider.
Money is not wealth. Work produces wealth paid in the form of money to buy things of wealth.
Marx was right--the only capital is the labor of the worker
Wealth isn't just stuff or things.
Pavel is rich in the ability to write poems. He may or may not get money for it.
Work produces wealth paid in the form of money to buy things of wealth.
Banking produces wealth paid in the form of slave labor to buy things of wealth.
If I could be oh-so-briefly on topic, in Fla there are no conventional loans at all.
I doubt if anybody will suddenly get a jumbo!!
Pigged!
"
lawyerliz (profile) wrote on Fri, 6/26/2009 - 5:49 pm
If I could be oh-so-briefly on topic,....Pigged! "
LOL!
Pavel, I'm inclined to like the following as an introduction to some alternative thinking on climate change, even if the magazine is a lightweight.
I particularly appreciate the researcher's frankness - he doesn't undertake to discredit the greenhouse effect and in fact points to the research showing it is operative. The more believable, then, when his own work shows the situation to be more complex than greenhouse effect only:
Sun's Shifts May Cause Global Warming
| Global Warming
| DISCOVER Magazine
By classifying C02 as a hazard, and controlling the release of C02, not only do you make a human being a hazard, you set in place the mind set that stopping the production of C02 is a service to society. Let's just kill the ones we don't like and its good for the planet.
Solent Green anyone?
" Source inside the Environmental Protection Agency confirmed many of the claims made by analyst Alan Carlin, the economist/physicist who yesterday went public with accusations that science was being ignored in evaluating the danger of CO2.
The source, who chooses not to be identified for fear of retaliation, "
OK. on what points does Carlin disagree with the IPCC? What are Carlin's credentials? Is he knowledgeable in relevant fields of climate science? Has he published peer-reviewed articles which include his disagreements with the IPCC? If so, what responses have there been?
"Alan Carlin, who had hosted a series of seminars featuring peer-reviewed scientists who disagree with the IPCC reports"
Namely?
There's no meat here. Where is it?
"Pavel, I'm inclined to like the following as an introduction to some alternative thinking on climate change, even if the magazine is a lightweight.
I particularly appreciate the researcher's frankness - he doesn't undertake to discredit the greenhouse effect and in fact points to the research showing it is operative. The more believable, then, when his own work shows the situation to be more complex than greenhouse effect only:
http://discovermagazine.com/2007/jul/the-discover-interview-henrik-svens..."
Thanks, burnside. Of course, climate is very complex and has many inputs.
: Wealth isn't just stuff or things.
Pavel is rich in the ability to write poems."
Thank you, Liz.
"
pavel.chichikov (homepage, profile) wrote on Fri, 6/26/2009 - 5:51 pm
There's no meat here. Where is it?"
I took your text, did a search, and returned you a link. You're the one who asked for it. Did you follow the link to the scanned .PDF?
Pavel, you asked about the mechanism operative in the global cooling model. The Discover interview does a reasonable job of presenting that viewpoint.
Svensmark's work has continued since publication of the article, and has been taken up by CERN, who have the facilities and funding to work out (or disprove) the model on a molecular level. They believe they have the mechanism - they want to understand it fully.
Actually, my initial skepticism was brought about from the observation that global warming had attracted proponents or adherents. Hard science doesn't require them.