Wells Fargo joins Citi in paying back government so they can pay bonuses. When all this started last year and we were warned that the future of the economic financial system was at stake I thought we should let it fail and see what took its place. Nothing that’s happened since has changed my mind.
Daily Archives: December 14, 2009
From James Taranto’s Best of the Web:
Even the True Believers Had Their Doubts
In the wake of a whistle-blower’s release of emails from the University of East Anglia demonstrating the intellectual corruption of climate science, believers in global warming have insisted that, however badly some scientists might have behaved, the “consensus” is so solid that there is no reason to question it. But a review of the emails by London’s Mail on Sunday shows that scientists committed to global warmism suppressed their own doubts about some elements of the purported consensus:
The claim was both simple and terrifying: that temperatures on planet Earth are now “likely the highest in at least the past 1,300 years.”
As its authors from the United Nations Intergovernmental Panel on Climate Change (IPCC) must have expected, it made headlines around the world.
Yet some of the scientists who helped to draft it, The Mail on Sunday can reveal, harboured uncomfortable doubts.
In the words of one, David Rind from the US space agency Nasa, it ‘looks like there were years around 1000AD that could have been just as warm’.
Keith Briffa from the University of East Anglia’s Climatic Research Unit (CRU), which plays a key role in forming IPCC assessments, urged caution, warning that when it came to historical climate records, there was no new data, only the “same old evidence” that had been around for years.
“Let us not try to over-egg the pudding,” he wrote in an email to an IPCC colleague in September 2006.
“True, there have been many different techniques used to aggregate and scale data–but the efficacy of these is still far from established.”
But when the “warmest for 1,300 years” claim was published in 2007 in the IPCC’s fourth report, the doubters kept silent.
The Associated Press, has conducted its own review: “The AP studied all the e-mails for context, with five reporters reading and rereading them–about 1 million words in total.” That’s less than half as many reporters as the AP assigned to “fact check” Sarah Palin’s “Going Rogue,” a book we’re pretty sure contains considerably fewer than a million words.
The AP’s findings:
E-mails stolen from climate scientists show they stonewalled skeptics and discussed hiding data–but the messages don’t support claims that the science of global warming was faked, according to an exhaustive review by The Associated Press.
The 1,073 e-mails examined by the AP show that scientists harbored private doubts, however slight and fleeting, even as they told the world they were certain about climate change. However, the exchanges don’t undercut the vast body of evidence showing the world is warming because of man-made greenhouse gas emissions.
Somehow a single reporter at a London tabloid was able to find the evidence that eluded the AP’s five-man team.
Data available for years is suddenly disappearing from East Anglia’s Central Research Unit. Like, tree ring data. I’ve said all along this stuff was made up by opportunists, profiteers and idiot celebrities – see tag search, “Global Warming Bunkum” – but it’s looking even more sinister than I’d imagined.
Faced with death, prison, rape and torture, Iranian students continue to protest against the government. By the thousands. Back in the day, I thought it was really cool of me to march on Washington with my Strike Fist – emblazoned helmet, gas mask and Levi jacket. Kent State notwithstanding, I had no real fear that my government would hurt me. I doubt I’d have had the courage to do what these kids are doing if I’d believed otherwise. Why aren’t we letting them come over here, by the way? They are applying for asylum and we won’t grant it.
And save $4 million bucks. Forbes: Australian jeweler building a $1 million vibrator. Of course, then all his girlfriends will want one, and there goes that saving.
A couple of readers passed this along.
Single mother of eight put up at British taxpayers’ expense in $5.2 million mansion in Notting Hill. Resentful and defiant, naturally.
A year after the Government vowed to crack down on housing benefits, a single mother of eight is still living in a £2.6million mansion funded by taxpayers.
Francesca Walker receives more than £90,000 a year in housing allowance to meet the rent on the five-bedroom villa, plus other payouts of £15,000.
A defiant Miss Walker, 34, insists that she and her children aged from six to 16 are completely justified in living there as the council could not find them a big enough home.
And, bizarrely, she claims that ‘living in this house is holding me back’.
Miss Walker, whose near neighbours include David Cameron, Elle Macpherson and Hugh Grant, said: ‘I’ve started my own business making organic soaps and bath products but any money I make I have to pay straight back to the council so there’s no incentive for me to work hard to grow my business.
Testimony to the ill effects of a 100% income tax, anyway. Reagan would be pleased.
This failed Antares project is back under new management, at considerably lower (asking) prices. When the Antares boys were riding high they reported 4 Cherry Blossom as sold at $10,750,000 in August, 2007, a price some of us suspected may have included a few extras under the table to the buyer, like cash back. Whatever the case, the companion house, number 16, which also had started at $12 million, sold for $6.6 million that November. And with that, Antares curled into a little ball and died.
New owners came in, picked up the land for a song and announced their intention to develop the remaining lots. This is their first effort, which, when unbuilt, was offered for $7.995 and yanked off the market unsold this past October. Now it’s back, at $6.995. “Cherry Blossom” is actually the northern end of Taconic, near the Bedfor border. I haven’t been up there to see, so I don’t know how far along it is or if they’ve even broken ground yet. If you have a full tank of gas and provisions for a three-day trip, you may want to make that journey yourself.
In a desperate attempt to defend his own belief in astrology, Old School Grump says that Republicans believe man co-existed with dinosaurs. Believe it? Hell, man, I’ve seen it, at The Creation Museum!
So there, you godless Demmerkrat!
Reader Duff asked why I didn’t think the latest price reduction on this property, from $3.795 to $2.995 was worth mention on this otherwise slow news day and I told him that, since it was already at $3.195 earlier this year (then raised to $3.795, inexplicably, in September) it didn’t seem worth discussing, again. The fact is, the only reason this house hasn’t been foreclosed on by now is that, I assume, the lender doesn’t want it. Any reasonable offer would probably get the bank’s attention, although there are a number of creditors who will have to sign off.
This house came up for sale in May, 2007 priced at $950,00. It didn’t sell so in June, 2008 the owners raised their price to $980,000. For some reason that still didn’t work so today, 18 months later, they’ve dropped down to $895,000. It’s not a terrible house and even has a small rental apartment in back but I’m guessing that if they couldn’t sell it for $950 back in ’07, a $50,000 reduction today won’t help. assessment is $561,000.
Posted by Bess Levin, Dec 14, 2009, 11:25am
Sooo…this happened. Don’t worry, though, they’re gonna be conferenced in and won’t miss a thing (and Blankfein do it sans pants, as is his wont. Everybody wins). Other excuses they considered going with:
* All three had cramps (they’re on the same cycle)
* Car trouble
* Too hung over
* Just not feeling it
* Blankfein had to wash his hair
Yes, you are quite right in assuming that there is nothing going on in the world of Greenwich real estate today, so we now have time to devote to the Tiger Woods story, where, I learn, he’s about to pay $5 million to one of the prostitutes he frequented in order to buy her silence. Why? How much more can this woman hurt his image, since he has already destroyed it? We’ve all got the gist of the thing, so I can’t think of much more that The Inquirer and our own imaginations haven’t supplied. Publish and be damned, I’d tell her, then run aboard that yacht “Privacy” and disappear for six months. It’ll all be over by then and Tiger can return to his game, $5 million richer. From what I read about his sponsors dumping him, he may need the money.
Pew poll: Democrats far more likely to believe in ghosts, fortune tellers and astrology than Republicans. 31% to 14%, for astrology. No word on the Easter Bunny, Santa Claus or global warming, but ….
It would take hundreds of billions in subsidies to get them to any significant nuber by 2030. At $18,000 extra per car, only the greenest and richest of drivers could buy one. So Greenwich will look cool, but what about the rest of the country?
Obama in Oslo:
“Likewise, the world recognized the need to confront Saddam Hussein when he invaded Kuwait – a consensus that sent a clear message to all about the cost of aggression.”
The vote in the Senate on the authorization of military force to drive Iraq out of Kuwait, which took place on January 12, 1991, was 52-47. The Democrats controlled the Senate at the time; they voted 45-10 against the “consensus” on “the need to confront Saddam Hussein when he invaded Kuwait.” John Kerry, Joe Biden and 43 other Democrats voted to let Saddam Hussein keep Kuwait and expand his control over Middle Eastern oil from there, while continuing to develop nuclear weapons–which, we later learned, he would have had by 1992 or 1993, at the latest.
In the House, the story was similar. The vote was 250-183, with a large majority of Democrats voting with Saddam Hussein.
By the way, did you catch the story over the weekend about Iran nearing completion on developing a nuclear trigger? The work has been going on at least since 2007, four years after our NSA said the mad mullahs had stopped working on nukes. When the history of the collective suicide of the West is written (in Chinese, no doubt) I hope the author will devote at least a paragraph on the NSA’s 2008 “leak” that cut the ground from under Bush’s feet in his attempt to stop Iran’s nuclear program. We have traitors in our midst.
Our Noble laureate will show up on Saturday Night Live, but “doesn’t have time” to discuss global warming with John Stossel. Like the Climatgate e-mails, this kind of avoidance hints that there’s something to hide. What could it be?
Horseneck Tavern, on the market since 2007 for $2.4, sold Friday for $1.475 million. Not chump change, but there was a deal on this property at close to $3, with the same folks losing their shirts over on Sound View Drive. They didn’t get the zoning change they wanted (no parking), withdrew, and this sale was the result. Ow. One bright note: the assessment was just $661,000, so someone had a nice ride for a long time.
Court bailiff caught selling stolen Christmas wreaths in lobby of court house. The Sheriff of Hillsboro, New Hampshire, sounds like he believes the man’s story that he’d received the wreaths “from an elderly woman” who said she’d made them herself. Okay, but wasn’t our bailiff a tad curious why the wreaths came with a store’s label and price tag? I’m betting they never find that evil old lady – that’s what I’m betting.
Pakistan court rules that 5 American terrorists can’t be deported to U.S. until “further investigation”. Take your time with that, please.
$130,000,000 and climbing, Connecticut presses ahead with its high speed railroad from New Haven to Hartford. I’ve discussed this boondoggle before but just to remind readers, the plan “works” if, and only if, you assume that people will walk a mile-and-a-half to use it. If you’ve ever watched shoppers’ behavior in mall parking lots, you probably already know the likelihood of that happening.