Daily Archives: February 14, 2014

He’ll make millions

Seacrest Idols

Seacrest Idols

Ryan Seacrest’s new fashion line assumes men are idiots

He’ll be appealing to men who watch “American Idol”, so I’d say his success is assured.

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Fabulous headline/photo

From the Daily Caller

Screen Shot 2014-02-14 at 7.22.36 PM

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CBS: War is peace

Capitol Bullshit Patrol

Capitol Bullshit Patrol

For those few remaining global warmists who wonder why the rest of us just don’t get it, CBS provides the answer: when any weather phenomenon whatsoever is claimed to be caused by global warming, even the least skeptical of rational minds is forced to conclude that a panicked desperation has set in among those whose living and government grants depend on the disproved theory.

So today CBS tells us, again, that our recent snowstorms are the direct result of global warming. The warmest liars can’t even get and keep their stories straight, yet we’re somehow supposed to believe that they’re real scientists offering objective facts? A spoon bender as “expert”? Are you friggin’ kidding me??!!

[Charlie Rose ] Guest Michio Kaku, a physics professor from New York City College–not a climatologist, but a physicist–[ and not just any physicist but a Paranormal “expert who beeves in time travel, photographing dreams and bending spoons with will power] claimed that the “wacky weather” could get “even wackier” and its all because of global warming. “What we’re seeing is that the jet stream and the polar vortex are becoming unstable. Instability of historic proportions. We think it’s because of the gradual heating up of the North Pole. The North Pole is melting,” professor Kaku said.

“That excess heat generated by all this warm water is destabilizing this gigantic bucket of cold air… So that’s the irony, that heating could cause gigantic storms of historic proportions,” the prof explained.

This was all because of global warming, Rose insisted.

Kaku went on to say that the weather “instabilities” we are seeing are because of the “erratic nature of the jet stream” and the “polar vortex.”

Kaku also said that it is too late to change any of this: 

Well, the bad news is that the north polar region continues to rise in temperature, it seems to be irreversible at a certain point, so we may have to get used to a new normal. That is, a north polar region that is melting, causing more instability in this bucket, causing more things to spill out, which means more extremes. Some winters could be very mild, other winters could be horrendous.

According to The Weather Channel, the Polar Vortex is not the sort of weather system that directly affects the surface. In fact, the polar vortex is an upper atmosphere system, not one that impacts directly on the surface of the earth.

CBS Host Norah O’Donnell also took the occasion of the discussion to claim that 2014 will be the hottest summer ever.

But I absolutely agree with the professor that it’s too friggin’ late to do anything about this, just as Al Gore and Prince Charles and NASA Muppet Master Jim Hansen have repeatedly claimed (and the had to extend deadlines when the world failed to end). Let’s relax, calm down, stopping paying for useless gestures to put off what can’t be put off and have some fun on the beach. Who’s got the sun tan oil?

UPDATE: Two broadcasters in one! Chris R sends along this article detailing CBS’s own reporter debunking the network’s claim that warm weather in Sochi is due to global warming. Sochi enjoys a “sub-tropical” climate, and worries about warm weather were expressed by organizers long before the television cameras and nut bus showed up.

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Going down

Buy two, get one free

Buy two, set one free

Jos. A. Banks wants to buy Edie Bauer. Bauer’s never been the same since Pillsbury General Mills bought it in the 60s.

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Still exhausted from his three weeks in Hawaii, poor guy

Can't you see he's tiwerd?

Can’t you see he’s tiwerd?

Obama schedules three-day golf junket during his grueling California fund raising trip.  Before he starts his golf game, he’ll meet with King Abdullah of Jordan,who, as mentioned here last week, is flying all the way from Jordan to plead with Obama to keep Kerry from screwing up the Middle East. Why force a sovereign ally to fly an extra 3,000 miles across the country? Because Obama can.

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EU imposes speed limit on three-mile stretch of British highway for emission control

It’s not really any different from the fifty states ceding authority of their roads to Washington, but somehow, yielding control to foreigners across the Channel seems even more debasing. 

Comments Off on EU imposes speed limit on three-mile stretch of British highway for emission control

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Why do I think it’s not just Michelle who’s not in love with Barry this Valentine’s Day?

That way to see the Egress, Barry

That way to see the Egress, Barry

Biden to fellow Democrats: be optimistic about our country, “despite who’s president”. I don’t share his optimism, but I’m with him on his assessment of the qualities of his boss.

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6:00 AM weather report: it’s snowing

I thought the next storm was due tonight, but tell that to the snow flakes. I was planning to boogie out of here at 6:30, but my bed is looking more inviting.

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Carbon credits finally start achieving their goal: enriching the financiers and traders

 

It's good to be richer: George Soros, 82, with new wife Susan, 41, discuss the obligations of the middle class to the poor

It’s good to be richer: George Soros, 82, with new wife Susan, 41, discuss the obligations of the middle class to the poor

Up 30% since April. This will drive up manufacturing costs and slow economic recovery, but that hardly matters, does it? Carbon traders Al Gore and George Soros couldn’t be reached for comment.

Companies in Europe, which need allowances to match their emissions output, will be short of as many as 100 million permits a year through 2016, according to Goldman Sachs Group Inc. The gap, worth 647 million euros ($884 million) at yesterday’s prices, compares with a surplus of 2.1 billion euros in 2012, EU data show. Carbon futures may more than double by next year to 15 euros a metric ton amid the curb, said UBS AG.

The glut, accumulated since 2008, drove carbon permits to a record low and threatened the viability of the world’s largest emissions market. The European Commission is trying to lift prices to levels that will discourage the use of fossil fuels and spur cleaner energy by scaling back permits. That’s threatening to push up costs for factories, which have sold surplus permits for cash, as their need increases just as the 18-nation euro region is emerging from its longest recession.

“Most industrials weren’t creating a problem for themselves by selling carbon permits that were surplus to requirements,” said Fred Payne, a carbon trader in London at CF Partners (U.K.) LLP, which advised Portugal and Hungary on emissions trading. “Now, it’s an important decision whether or not to sell something that you’re going to need.”

Under the EU’s nine-year-old emissions market, permits allowing the holder to emit one ton of carbon dioxide into the atmosphere are either allocated for free or auctioned to about 12,000 factories and utilities that must have enough to account for their discharges or pay fines amounting to 100 euros a metric ton.

EU carbon allowance prices more than doubled from a record low in April and gained 30 percent this year to trade today at 6.43 euros on ICE Futures Europe in London at 7:49 a.m. That compares with a 0.9 percent gain in the Standard & Poor’s GSCI (SPGSCI) gauge of 24 commodities and a 1 percent gain in the Stoxx Europe 600 Index since the end of December.

Prices plunged from as high as 31 euros a ton in April 2006 as the financial crisis damped industrial output, curbing the need for pollution rights. Emissions from companies covered by the EU carbon market dropped 12 percent in 2012 compared with 2008, according to EU data compiled by Bloomberg New Energy Finance.

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Is the EU thinking about confiscating personal savings?

You didn't make that money, so we're taking it back

You didn’t make that money, so we’re taking it back

That’s what Zero Hedge reports, and by golly yes, it appears that it’s planning to do just that. In the world of unsustainable promises, “considering” is merely a prelude to acting. What might be of interest to American readers is this: “Inspired by the recently introduced “no risk, guaranteed return” collectivized savings instrument in the US better known as MyRA, Europe will also complete a study by the end of this year on the feasibility of introducing an EU savings account, open to individuals whose funds could be pooled and invested in small companies.”

At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

The source of this stunner is a document seen be Reuters, which describes how the EU is looking for ways to “wean” the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment. So as Europe finally admits that the ECB has failed to unclog its broken monetary pipelines for the past five years – something we highlight every month (most recently in No Waking From Draghi’s Monetary Nightmare: Eurozone Credit Creation Tumbles To New All Time Low), the commissions report finally admits that “the economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment.”

The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

Mobilize, once again, is a more palatable word than, say, confiscate.

And yet this is precisely what Europe is contemplating:

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