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Saturday, March 14, 2009

Canadians Safe From Global Warming

SEARCH BLOG: GLOBAL WARMING

It appears that despite warm temperatures in Australia, Canada has managed to insulate itself from the heat ravages of global warming. Joe D'Aleo at Icecap provided a link to this information about March 2009 temperatures in Canada:

Temperature records were broken across Western Canada. In some cases by a substantial amount. See below for details.

March 12, 2009 (as of 9am EST)

Alberta

StationNew RecordOld RecordYear
Kindersley Airport-25.5C-19.7C1989
Cranbrook-16.0C-15.6C1976

March 11, 2009

Alberta

StationNew RecordOld RecordYear
Coronation-35.5C-34.4C1956
Edmonton Airport-38.3C-30.6C1970
Lloydminster-32.0C-30.6C1956C
Cold Lake-36.4C-32.8C1956
Pincher Creek-31.5C-29.4C1950
Sundre Airport-33.4C-27.3C2003
Claresholm-33.2C-26.1C1962
Waterton Park-33.6C-18.9C1967

March 10, 2009

British Columbia

StationNew RecordOld RecordYear
Pitt Meadows-5.4C-5.0C1985
Squamish-7.4C-3.9C1962
Campbell River-8.4C-5.6C1969
Kelowna-20.9C-18.9C1951
Osoyoos-11.4C-5.9C2006
Princeton-26.6C-22.2C1951
Sparwood-23.6C-15.1C2006
Clinton-28.2C*-16.1C1975
Williams Lake-27.1C-22.8C1925
Burns Lake-34.4C-30.0C1956
Chetwynd-36.5C-30.7C1987

*Monthly record: the lowest March temperature on record for that station.

Alberta

StationNew RecordOld RecordYear
Edmonton Airport-42.7C-29.4C1975
Lloydminster-35.2C-29.2C1998
Fort McMurray-39.9C-38.3C1950
Cold Lake-39.6C-31.7C1956
Slave lake-39.5C-33.9C1956
Whitecourt Airport-36.4C-35.0C1950
Peace River Airport-36.6C-33.3C1951
Edson Airport-38.7C-37.2C1951
High Level Airport-37.3C-36.0C1987
Jasper-32.9C-31.7C1951
Banff-31.3C-28.9C1951
Waterton Park-25.8C-19.6C1998
Sundre-32.3C-24.7C2003
Rocky Mountain House-38.9C-35.6C1951

Saskatchewan

StationNew RecordOld RecordYear
Key Lake-46.0C-41.0C1998
Meadow Lake Airport-42.4C-37.3C1998
Stoney Rapids Airport-42.7C-41.1C1968
la Ronge-38.5C-33.9C1998
Assiniboia Airport-33.1C-29.7C2002
Collins Bay-36.7C-34.0C2004
Weyburn-32.1C-31.5C2002
Nipawin Airport-34.0C-33.3C1933
Elbow-31.8C-30.0C1998
Watrous East-30.5C-29.7C1998
For those of you unfamiliar with the °C scale, here is the conversion:

°F °C
°C °F
100 37.8
30 86
90 32.2
25 77
80 26.7
20 68
70 21.1
15 59
60 15.6
10 50
50 10.0
5 41
40 4.4
0 32
30 -1.1
-5 23
20 -6.7
-10 14
10 -12.2
-15 5
0 -17.8
-20 -4
-10 -23.3
-25 -13
-20 -28.9
-30 -22
-30 -34.4
-35 -31
-40 -40.0
-40 -40
-50 -45.6
-45 -49
-60 -51.1
-50 -58
Canadian provinces, unlike U.S. most states cover significant north-south geography, so any all-time province records may not be as significant and the more discrete U.S. state records. Still, some of the cold temperature records listed above were 20°F colder than the old marks.

Of course, these records are probably going to be ignored by NOAA.

So the question continues: where is the global warming? And why hasn't the "significant increase of CO2 in the 20th century" affected weather more significantly?
Global warming means more hot and cold weather records. Sure. Just like boiling water to make ice cubes.
..

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CO2 Cap and Trade

There is always an easy solution to every human problem—neat, plausible, and wrong.
Henry Louis Mencken (1880–1956)
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
... and one could add "not all human problems really are."
It was beautiful and simple, as truly great swindles are.
- O. Henry
... The Government is on course for an embarrassing showdown with the European Union, business groups and environmental charities after refusing to guarantee that billions of pounds of revenue it stands to earn from carbon-permit trading will be spent on combating climate change.
The Independent (UK)

Tracking Interest Rates

Tracking Interest Rates

FEDERAL RESERVE & HOUSING

SEARCH BLOG: FEDERAL RESERVE for full versions... or use the Blog Archive pulldown menu.

February 3, 2006 Go back to 1999-2000 and see what the Fed did. They are following the same pattern for 2005-06. If it ain't broke, the Fed will fix it... and good!
August 29, 2006 The Federal Reserve always acts on old information... and is the only cause of U.S. recessions.
December 5, 2006 Last spring I wrote about what I saw to be a sharp downturn in the economy in the "rustbelt" states, particularly Michigan.
March 28, 2007
The Federal Reserve sees no need to cut interest rates in the light of adverse recent economic data, Ben Bernanke said on Wednesday.
The Fed chairman said ”to date, the incoming data have supported the view that the current stance of policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation”.

July 21, 2007 My guess is that if there is an interest rate change, a cut is more likely than an increase. The key variables to be watching at this point are real estate prices and the inventory of unsold homes.
August 11, 2007 I suspect that within 6 months the Federal Reserve will be forced to lower interest rates before housing becomes a black hole.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
September 18, 2007 I think a 4% rate is really what is needed to turn the economy back on the right course. The rate may not get there, but more cuts will be needed with employment rates down and foreclosure rates up.
October 25, 2007 How long will it be before I will be able to write: "The Federal Reserve lowered its lending rate to 4% in response to the collapse of the U.S. housing market and massive numbers of foreclosures that threaten the banking and mortgage sectors."
November 28, 2007 FED VICE CHAIRMAN DONALD KOHN
"Should the elevated turbulence persist, it would increase the possibility of further tightening in financial conditions for households and businesses," he said.

"Uncertainties about the economic outlook are unusually high right now," he said. "These uncertainties require flexible and pragmatic policymaking -- nimble is the adjective I used a few weeks ago."
http://www.reuters.com/

December 11, 2007 Somehow the Fed misses the obvious.
fed_rate_moves_425_small.gif
[Image from: CNNMoney.com]
December 13, 2007 [from The Christian Science Monitor]
"The odds of a recession are now above 50 percent," says Mark Zandi, chief economist at Moody's Economy.com. "We are right on the edge of a recession in part because of the Fed's reluctance to reduce interest rates more aggressively." [see my comments of September 11]
January 7, 2008 The real problem now is that consumers can't rescue the economy and manufacturing, which is already weakening, will continue to weaken. We've gutted the forces that could avoid a downturn. The question is not whether there will be a recession, but can it be dampened sufficiently so that it is very short.
January 11, 2008 This is death by a thousand cuts.
January 13, 2008 [N.Y. Times]
“The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.”
January 17, 2008 A few days ago, Anna Schwartz, nonagenarian economist, implicated the Federal Reserve as the cause of the present lending crisis [from the Telegraph - UK]:
The high priestess of US monetarism - a revered figure at the Fed - says the central bank is itself the chief cause of the credit bubble, and now seems stunned as the consequences of its own actions engulf the financial system. "The new group at the Fed is not equal to the problem that faces it," she says, daring to utter a thought that fellow critics mostly utter sotto voce.
January 22, 2008 The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%. ...

What should the Federal Reserve do now? Step back... and don't be so anxious to raise rates at the first sign of economic improvement.
Individuals and businesses need stability in their financial cost structures so that they can plan effectively and keep their ships afloat. Wildly fluctuating rates... regardless of what the absolute levels are... create problems. Either too much spending or too much fear. It's just not that difficult to comprehend. Why has it been so difficult for the Fed?

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Michigan, United States
Air Force (SAC) captain 1968-72. Retired after 35 years of business and logistical planning, including running a small business. Two sons with advanced degrees; one with a business and pre-law degree. Beautiful wife who has put up with me for 4 decades. Education: B.A. (Sociology major; minors in philosopy, English literature, and German) M.S. Operations Management (like a mixture of an MBA with logistical planning)