Sunday, July 01, 2007
Saturday, June 30, 2007
No Good Deed Goes Unpunished
SEARCH BLOG: IMMIGRATION and MUSLIMS
Martin Kelly, in Scotland, often laments the ills of Muslim immigration.
Now he is really pissed.
Great Britain, which includes Scotland of course, has a history of granting political asylum without a lot of question about those who request it. If a government is after someone, the government must be evil. Well, maybe some of those seeking asylum should have been granted an insane asylum... given the way they treat their hosts.
No, it has to be that Great Britain (and the U.S.?) are evil because they did not convert to extremist Islam before granting asylum to these great believers.
(sigh)
..
Labels: Culture and Conflict, Immigration, Islam
Celebrations - Part 2
SEARCH BLOG: FAMILY
This is going to be a marathon.
We've completed the first two weeks with two birthdays and one anniversary. My mother is off to Wisconsin for 11 days while my mother-in-law and niece are here for the next three weeks.
We still have 2 anniversaries and a birthday to go. Then my mother will return for a few more days before heading home.
My wife has promised me all of the golf, beer, and Xanax that I want as long as I keep smiling.
..
Labels: Personal Relationships
Friday, June 29, 2007
Primum Non Nocere
SEARCH BLOG: FEDERAL RESERVE
Recently, I wrote that stock market concerns about an increase in interest rates by the Federal Reserve were irrational because the Fed would have to be acting irrationally, given current economic conditions, to raise interest rates.
The Fed did not act irrationally... at least for now.
Oh, the Latin? "First, do no harm." That should be the motto of the Fed.
..
Labels: Economy, Federal Reserve
Thursday, June 28, 2007
The CO2 Fog
SEARCH BLOG: GLOBAL WARMING
Luboš Motl has published an analysis of the claims about CO2-based runaway global warming.
As I've stated in the past, some climate analysts may use physics, but it doesn't necessarily make them physicists... or the results of their analyses fact.
..
Labels: Environment, Global Warming
Tuesday, June 26, 2007
An Unethical Trader
SEARCH BLOG: CHINA
Last October, I posted an exchange between Dr. Russell Nelson and myself at his blog Cafe Hayek.
While I have no problem with trade, I still have a problem with the way China conducts trade with other nations, particularly the U.S.Recently, there have been a couple examples of why trading with an unethical partner is not smart or good business.
First was the Chinese toothpaste that contained anti-freeze. Not exactly good for either your dental or total health.
Now there are Chinese tires that simply fall apart. It seems that once the Chinese were able to get a safety certification for their tires, they changed the content... so much so that they never would have been certified. It seems that the importer may have to bear the cost of recalling all of the tires. The importer wants our government to help pay for the recall or it will go bankrupt.
Let's see... the importer brings in cheap, shoddy tires from China that puts U.S. workers out of jobs and endangers Americans who buy the tires... then wants the U.S. taxpayers who are already footing the bill for the out-of-work employees to help pay for the recall of the tires that put the Americans out of work and endangered other Americans.I think not!
..
Labels: China, Economy, Ethics, Government
Celebrations
SEARCH BLOG: FAMILY
Today is one of the several celebration days for the family over the next two weeks.
My wife just celebrated her birthday... can't reveal her age.
Mother is 90 today.
Every year she complains about how difficult the trip here is. This year she didn't complain as much because she got bumped to "business class" by Air Tran. That was a very nice thing for them to do.My brother and sister-in-law are celebrating their 25th anniversary today as well. He is considerably younger than me. It's easy to remember his anniversary, as you can imagine.
Once she is here, she has a great time and then flies off to spend some time with my sister. That's another flight, but it's pretty short so she doesn't doesn't complain as much. Then she flies back here to spend some more time with us before she flies back home.
During the entire trip, she is entertained like a queen and revels in the attention. Then she complains about the flight home, but she tells us that it's good to get in her own bed again.
We'll gather at the lake in the evening and have a huge barbeque and an enormous cake in honor of the three of them.
Birthdays and anniversaries are nice traditions. We don't need them that much in our family because we are so close and get together for all sorts of occasions. But 90 and 25 are kind of special occasions, so we'll treat them that way.
And having my oldest son in from San Francisco makes it even better. Unfortunately, his wife couldn't make it so we'll have to figure out something else for the annual family picture that goes on the Christmas card. We've been doing that for 30 years and are not quite ready to give up that tradition.In a few more days, we'll celebrate our 40th and one of our sons 1st. Finally, when everyone is pretty much partied out, we have the 4th of July celebration followed by my birthday.
We really enjoy the beginning of summer.
I wish you similar good fortune.
..
Labels: Personal Relationships
Sunday, June 24, 2007
Manipulations
SEARCH BLOG: ECONOMY
I recall when the tech stocks were booming, especially those vaporware and internet stocks. I tried and tried to see the value, but couldn't find it. My wife was convinced that we were missing the proverbial boat, so she took a little of her own investments and plunged into an investment that at least had some possibilities... one of those if-come deals.
Well, the tech stocks tanked and so did her small investment. She eventually got about half of her money back, but it was a lesson that most of us eventually get handed to us. When things are just too good to be true... they aren't.
Now we read that the housing market, fueled by cheap and undersecured mortgages, is going to take a lashing as those flaky sub-prime loans cause the once looking-good-quarterly-earnings lenders to look pretty stupid. Housing prices were going to continue to go up unabated so those risky loans would be covered no matter what... not.
Let's see, what else might be getting a little out of whack? How about a currency held up by foreign creditors? How about an economy based on importing everything? How about a social system where the rules are ignored and anybody can walk in and get the benefits of the society? How about a compensation system that pays a few people a lot for selling off the value of previously sound companies... and putting a lot of people out of work?
Just asking.
..
Labels: Culture and Conflict, Economy, Logic and Reason
Saturday, June 23, 2007
New Mileage Rules
SEARCH BLOG: AUTOMOBILES
This is the start of something interesting: the Federal Government wants to mandate 35 mpg cars and 30 mpg trucks.
Some questions:
- What is the metric based on... mpg gasoline "average" city/highway or E85 (another mandate) which has 75% of the energy/mpg of gasoline or what?
- Are there weight limits above which the standards don't apply?
- Will the mpg result in vehicles that are less capable and safe for hauling/towing and general business needs?
- Will vehicles such as the Toyota Tundra or the Ford F-150 be too expensive for companies to afford?
- Why is the government mandating fuel efficiency?
- Will the government say that due to increased fuel efficiency, fuel taxes must be raised to offset the loss of tax revenue?
- Why doesn't the government simply raise taxes (which it will do anyway) on fuel and let manufacturers figure out how to respond to a marketplace with more expensive fuel?
But the way in questions 6 and 7 would be politically incorrect... for politicians... because they would be "blamed" for causing economic dislocation and hurting automotive companies and customers. By setting "standards" these senators and representatives can claim to be "saving" the environment and avoiding global warming... and the higher fuel taxes are just a small price to pay.
Nancy Pelosi and Barbara Boxer get to be heroes by saving us from the evil automotive companies instead of being villians for increasing the cost of vehicle ownership and reducing the capabilities of the vehicles.
..
Asking Scientific Questions About Politics
SEARCH BLOG: GLOBAL WARMING
The Climate Science blog has an interesting discussion about the process the UN's IPCC used to select information that was used to develop it's global warming report.
There are a lot of comments about the validity and redundancy of papers either used or not used by the Intergovernmental Panel on Climate Change (IPCC)... a United Nations creation.
While the discussion is focused on the scientific merits of the IPCC process in choosing or refusing source documents, my comment was:
The question at hand is why the UN, a political organization of Byzantine nature, should be trusted to have a political process that should be trusted regarding scientific investigation?
Dr. Pielke asks a rational, scientist’s question as to why peer-reviewed studies that contradict the UN’s IPCC positions are ignored.
Is that kind of like asking the Pope why he ignores positions that contradict church orthodoxy?
Perhaps because they highlight an inconvenient truth? (sorry)
..
Labels: Climate Change, Environment, Global Warming, Government
Thursday, June 21, 2007
Summer Days - Summer Daze
SEARCH BLOG: FAMILY
The next week or so will be pretty hectic around her with 3 anniversaries, 3 birthdays, 2 grandmothers, and visitors who require feeding and entertainment.
So the posts will be a little sparser. Tomorrow: the first birthday.
Happy summer solstice.
..
Labels: Personal Relationships
Who's On First
SEARCH BLOG: MIDDLE EAST
Last century, the comedy team of Bud Abbott and Lou Costello performed this routine'
It reminds me an awful lot about the Middle East with the Shia and Sunni and Hamas and Fatah and Hezbolla....
While well intentioned, the idea of a melting pot democracy like the U.S. existing in the Middle East just does not seem possible. Last year when Robert Reich suggest that Iraq be partitioned like Yugoslavia, I wasn't much of a supporter of the idea. But what is going on in the Middle East is 3,000 year old tribalism that is not ready for the 21st century.
Perhaps the time has come. All of you al-so-and-sos go find your own sandbox and play in it and don't come out. Maybe then we'll know who's on first.
..
Labels: Culture and Conflict, Iraq
Wednesday, June 20, 2007
Politics 2007
SEARCH BLOG: POLITICS
The U.S. presidential candidates are beginning to take up more of the news.
My take: right now there is a lot of party posturing, but little that appeals to me personally.
Why? Because there is too much focus on "fluff" and "bluff" and not enough about what this nation needs to address. What are the issues?
Middle East - ostensibly about fighting terrorists, but more about ensuring the world's flow of oil is not disrupted. If we let Iraq fall into chaos or under the thumb of Iran, then it is an easy next step for Saudi Arabia and Kuwait to follow. The U.S. could adapt.
My sense is that neither the Democrats nor the Republicans would let the Middle East fall under the thumb of an unfriendly Iran.
Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)Country Apr-07 Mar-07 YTD 2007 Apr-06 Jan - Apr 2006 CANADA 2,475 2,305 2,424 2,238 2,266 MEXICO 1,572 1,749 1,601 1,750 1,805 SAUDI ARABIA 1,485 1,244 1,378 1,595 1,443 VENEZUELA 1,412 1,285 1,311 1,393 1,485 NIGERIA 948 1,346 1,135 1,098 1,211 ALGERIA 798 727 718 543 528 IRAQ 562 523 488 531 498 RUSSIA 547 455 400 218 239 ANGOLA 526 708 571 419 463 UNITED KINGDOM 386 292 285 315 252 VIRGIN ISLANDS 322 349 353 239 283 BRAZIL 246 234 222 169 167 NORWAY 198 164 150 206 205 KOREA, SOUTH 184 164 136 106 65 ECUADOR 159 191 202 319 295
It would be tough with 20% of our imports from Saudi Arabia, Iraq and Kuwait, but the U.S. would work out the problems. It certainly would cause a deep recession for awhile, but we would recover.
Immigration - neither the Democrats nor the Republicans have come to grips with the real issue... law enforcement. Both parties are looking for an escape valve from the present situation. A few of the candidates have addressed this.
Energy - Related to the Middle East, but distinctly its own issue. Government interference with the marketplace has led to bad choices (for example, ethanol which is ruining the corn market) and real development of feasible alternatives. Not much discussion here... all of it focused on the red herring of global warming.
Economy - is it all sunshine and roses as the Republicans portray or the end of the U.S. working class as the Democrats say? How do we address... do we address... the massive trade imbalances and the potential for greater inflation and unemployment? Why is the housing market shot with 6% mortgages? Possibly because the jobs that provide income for people who buy houses are in China? Possibly because total economic numbers don't reflect the widening gap between economic strata?
It seems these days that more money is made from manipulation than manufacturing. [hedge funds?]I'm interested to hear more.
..
Labels: China, Energy, Global Warming, Government, Immigration, Iran, Iraq, Oil
Tuesday, June 19, 2007
Allah Did Not Save Them - U.S. Soldiers Did
SEARCH BLOG: IRAQ
Just in case you didn't see this... you should.
..
Labels: Culture and Conflict, Iraq
Certainty
SEARCH BLOG: ISLAM
All religions have one central element: belief. No matter what the faith, the essence it that there must be belief in the tenets.
When one looks critically at religion... all religion... one is forced to conclude that most faiths require suspension of disbelief. That is to say that your senses and your experiences tell you one thing and your faith requires you to believe another.
Perhaps that is why the Western world... where people have largely compartmentalized their world views into the scientific/rational and the religious/belief to avoid obvious conflicts... has such great difficulty dealing with the Islamists belief-based approach to life.
In the West, we accept uncertainty even though religion preaches certainty. The Islamist who believes killing and suicide (martyrdom) is an essential part of his religion lives with certainty only.
The difference between the concept of 'knowing' and the concept of 'being certain' isn't of any great importance at all, except where "I know" is meant to mean: I can't be wrong.Of course, that doesn't mean the leaders of organizations like al Qaeda and Hamas actually believe in committing suicide for their cause. They are satisfied using dumb schmucks who do.Ludwig Wittgenstein[source]
The real danger to the West is not the actual military capabilities of these schmuck-raisers. It is believing that we can't stop them so we must try to accommodate them.
..
Labels: Culture and Conflict, Islam, Religion and Society
Monday, June 18, 2007
Measuring Temperatures - Update
SEARCH BLOG: GLOBAL WARMING
The other day, I wrote about the strange difference between the reported temperatures for this locality and the temperatures I recorded.
Today... absolutely no difference.
No difference.... Could be because it is a fairly cloudy (despite what the little picture shows) and windy eliminating whatever factors caused the monitoring station to be higher the other day.
Of course, another report shows this...
That's bound to be a record... you think?
UPDATE
At slightly after 6 p.m., the variance between my thermometer and two reporting stations is 5 degrees (89 on my porch versus 94). This from a monitoring site at another subdivision reported by Wunderground....
Now, if two sites that are residential are 5 degrees less than two other nearby sites, one can only guess that the reason is factors surrounding the two higher temperature sites ... like asphalt and metals surfaces and traffic.
This continues to raise questions about the quality control at weather monitoring stations.
..
Labels: Environment, Global Warming
Sunday, June 17, 2007
Life Expectancy
SEARCH BLOG: HEALTH CARE
My mother arrived from Florida yesterday. She is here to celebrate here 90th birthday along with several other birthdays and anniversaries in our family that fall within a 2-week span.
Had she been born a mere 90 years earlier, she likely would have not survived beyond 50.
She caught a mild case of tuberculosis working in a factory during WWII (the common variety of 70 years ago when TB patients were housed in "sanitariums" and forced to stay in bed before the 1st generation antibiotics was available...before the advent of HIV/AIDS whose sufferers can't be "stigmatized" with forced care so they can't spread the disease). She spent a year in bed recovering. The year after she recovered, antibiotics were developed to quickly treat that less virulent version.She is a walking, driving, jet-setting example of the effectiveness of our health care system.
Since then she has survived, cancer, cataracts, and artery-clogging cholesterol. She also has arthritis, but that is also under control.
There are some differences in the system now than she experienced earlier in her life. Diagnosis and early treatment are available for those who have the inclination or resources to have annual checkups.
Unfortunately, there are many from all economic strata that will spend a few hundred dollars on an iPod or fashionable clothes before they invest in their health. Sure there are some who simply cannot afford to get an annual physical... even a cursory one. But that's a very small percentage of the total population.
For the vast majority of Americans, if we feel healthy, then we don't think about the possibility that some problem could be lurking within. It's only when the problem becomes obvious or serious that we take action. That's human nature. But it is also the reason that so many people die before they reach 90 years.
We invest in stocks, bonds, real estate, education, cars, jewelry, music and comic book collections, and everything else imaginable.Somehow, too many of us fail to invest in our health and the time above ground that it confers.
And, ultimately, all we have is time.
..
Labels: Health Care, Logic and Reason
Father's Day
I'm fortunate to be spending this day with two of my three sons. My oldest son lives in California and can't be here today, but will be here next week.
Of all my experiences and accomplishments, the best are and always will be raising these three fine young men who make this world a better place. They are the finest gifts for which I could have hoped.
Were it so that all men could say the same.
..
Labels: Personal Relationships
Friday, June 15, 2007
Measuring Temperatures
SEARCH BLOG: GLOBAL WARMING
Recently, I posted information regarding a grass-roots effort started by Anthony Watts who started examining the locations of the weather monitoring stations that record official temperatures. This effort first came to my attention when Dr. Roger Pielke, Sr. at Climate Science posted it to his site.
Since then, the attention to the condition of these monitoring stations has grown. I happened to be working on my porch the other evening when I noticed a significant discrepancy between the reported temperature and that being measured by the thermometer on my porch. After sunset the variance became much smaller. I speculated that there may be conditions around the local reporting sites that overstated the temperatures... possibly the Urban Heat Island effect. If the reporting sites are situated where the surroundings can absorb or reflect heat, the stations are likely to exaggerate the actual heat in the air.
For example, right now (10:30 am) the reported temperature is 73 degrees and my porch thermometer reads 72 degrees. I'll concede that it may be the inaccuracy of my thermometer. As the day proceeds, however, the variance increases.
Note this chart from Climate Audit:
The horizontal axis is in minutes from midnight (took me a few minutes to figure that out). This plots the difference in temperature readings just varying the coatings on the weather station. It does not demonstrate the effect of locating the station above asphalt or next to buildings or parked vehicles.
I can't really explain why air temperatures (black line) are higher in the pre-dawn and post-sunset hours than the stations. Steve McIntyre at Climate Audit may be able to shed light on that. You may want to go to the link above the chart to read the many comments regarding this issue.My own observations parallel Steve's in that pre-dawn and post-sunset hour readings on the porch are higher than the reporting station. That may be due to some heat trapped by the house radiated out to the porch.
Southern facing porch

Area surrounding porch

The thermometer is located just to the left of this picture's edge and at the top of the screen. Therefore, the readings are always in the shade and essentially open-air. This, it seems to me, represents a "true" temperature reading for the location.The point of all of this is that with weather data recording and real estate, the important factor seems to be... location, location, location.
If, as Anthony Watts' effort shows, weather monitoring stations are poorly located and giving exaggerated heat readings due to Urban Heat Island effects, then the whole contention of recent global warming (corresponding to expansion of Urban Heat Islands around weather stations) is brought into serious question... especially when recent data is compared to data many decades ago that were captured under conditions closer to that of my porch...
Labels: Environment, Global Warming, Logic and Reason
Thursday, June 14, 2007
Scooter Goes To Jail
SEARCH BLOG: INJUSTICE
It looks as if Scooter Libby will go to jail awaiting his appeal effort.
This is a man who worked night and day after 9/11 to be sure that everyone was focused and doing their jobs to protect our country.
Memory is short in Washington, D.C. President Bush is obviously too busy trying to get illegal aliens pardoned to fix this travesty of "justice." Obviously, the Scooter Libby situation is not one that falls under the "law of convenience."
Just one more reason for the next Republican candidate for president to distance himself from this administration. Apparently, this is not lost on Fred Thompson.Read what The New Republic says.
..
Labels: Crime, Ethics, George Bush, Law and Litigation
Can"t Find It?
You can also use the "LABELS" below or at the end of each post to find related posts.
- Afghanistan (63)
- Automobiles (136)
- China (188)
- Climate Change (243)
- Crime (46)
- Culture and Conflict (348)
- Declaration Of Independence (19)
- Detroit (79)
- Duh Factor (324)
- Economy (726)
- Education (117)
- Energy (312)
- Environment (535)
- EPA (52)
- Ethics (107)
- Federal Reserve (97)
- Futurescape (55)
- Gasoline Prices (52)
- George Bush (107)
- George Orwell (20)
- Global Warming (437)
- Government (933)
- Health Care (182)
- Immigration (80)
- Iran (81)
- Iraq (111)
- Islam (159)
- Israel (56)
- Law and Litigation (155)
- Leisure and Travel (139)
- Logic and Reason (343)
- Michigan Service Tax (18)
- Natural Gas (86)
- Nuclear (117)
- Obama (491)
- Odds And Ends (186)
- Oil (330)
- Outsourcing (37)
- Palestine (14)
- Personal Relationships (106)
- Racial Relationships (49)
- Religion and Society (115)
- Rights (94)
- Romney (57)
- Social Security (21)
- Special Interests (171)
- Taxes (19)
- Traffic Signals (21)
-
▼
2013
(59)
-
▼
January 2013
(59)
- Time To Say Goodbye... Again
- I Forgot What This Post Was Supposed To Be
- Justin Bieber's Gun Assault
- Economy Flat Due To Less Government And Corporate ...
- Bad Day For Democratic Politicians In Michigan
- 4K Television Broadcasts Coming By 2025 Or Not
- Never Let A Crisis Go To Waste
- Detroit - How Low Can You Go?
- Ignoring Immigration Laws And Calling It Reform
- If Women Combat Soldiers, Then Children Combat Sol...
- Obama Explains The REAL Reason Assault-Style Rifle...
- The Egyptian Mafia
- Economic Recovery Ending?
- FBI Director Not Sure If President Can Order Ameri...
- Treasury Securities - U.S. Debt Greecing The Skids
- Capitalism, Corporatism, And Communism
- How Do You Tackle A Kid In A Wheelchair?
- Indian Women Given "Weapons" To Protect Themselves
- Women Okayed For Combat Duty... But Is That Okay?
- Obama Says "Shall Not Infringe" Is An Outdated Con...
- Federal Government Still Absolutely Not Serious Ab...
- The Politician's Answer To All Problems: Invest In...
- Cold Weather Consistent With Global Warming
- Good Thing Dick Wagner Of Alice Cooper, Aerosmith,...
- MLK - Still Dreaming?
- Obama: If We Can Just Raise The Tax Rates On the W...
- Whites To Qualify For Affirmative Action In Califo...
- Irony: Great Britain Used To Send Their Prisoners ...
- Russia Threatened By Global Warming Sea Level Rises
- Sarah Palin Predicted This Three Years Ago... And ...
- They're Rioting In Africa And President Obama Is S...
- Gun Deaths To Exceed Vehicle Deaths Say The Feds
- Legal Assault Rifles In New York
- Michigan Governor's State Of The State Address Lar...
- Shoot 'Em Up
- New York Takes First Step Toward Abolishing Consti...
- White House Fails To Communicate With The White House
- Obama And Biden: Don't Watch This Because You Migh...
- Chuck Hagel: Secretary Of Prevent Defense?
- Obama: A Nation Of Deadbeats
- N.Y. Times Rewrites Nuclear History
- Obama And Afghanistan
- Why Is U.S. Employment So Anemic?
- Can $150 Million Turn Around Detroit?
- Obama's Executive Order Regarding Firearms
- Gasoline Prices To Go Down... Up... Down... Up
- Obama's Main Man Endorsed By Iran
- Obama To Fight Climate Change
- Nobel Peace President Presides Over Expanding Glob...
- Letter To U.S. Congressman: U.S. Arming The Middle...
- New Government Conspiracy: Climate Change
- Democratic Ethics - What's That?
- Education Results By Race In A Wealthy, Perfectly ...
- The U.S. Is The Umpire In An Abbot And Costello Mi...
- Federal Government Absolutely Not Serious About Ad...
- Facing Another Fiscal Cliff
- Truck Becomes Snowmobile
- The Reality Of The Fiscal Cliff Negotiations
- A New Year
-
▼
January 2013
(59)
-
►
2012
(673)
- ► December 2012 (39)
- ► November 2012 (66)
- ► October 2012 (62)
- ► September 2012 (66)
- ► August 2012 (53)
- ► April 2012 (60)
- ► March 2012 (52)
- ► February 2012 (67)
- ► January 2012 (75)
-
►
2011
(1)
- ► December 2011 (1)
-
►
2010
(441)
- ► September 2010 (43)
- ► August 2010 (62)
- ► April 2010 (40)
- ► March 2010 (56)
- ► February 2010 (46)
- ► January 2010 (53)
-
►
2009
(484)
- ► December 2009 (51)
- ► November 2009 (52)
- ► October 2009 (37)
- ► September 2009 (33)
- ► August 2009 (35)
- ► April 2009 (44)
- ► March 2009 (38)
- ► February 2009 (36)
- ► January 2009 (48)
-
►
2008
(545)
- ► December 2008 (48)
- ► November 2008 (53)
- ► October 2008 (61)
- ► September 2008 (50)
- ► August 2008 (41)
- ► April 2008 (40)
- ► March 2008 (46)
- ► February 2008 (39)
- ► January 2008 (44)
-
►
2007
(474)
- ► December 2007 (34)
- ► November 2007 (31)
- ► October 2007 (34)
- ► September 2007 (38)
- ► August 2007 (47)
- ► April 2007 (57)
- ► March 2007 (41)
- ► February 2007 (26)
- ► January 2007 (42)
-
►
2006
(188)
- ► December 2006 (38)
- ► November 2006 (26)
- ► October 2006 (15)
- ► September 2006 (12)
- ► August 2006 (20)
- ► April 2006 (11)
- ► March 2006 (11)
- ► February 2006 (10)
- ► January 2006 (17)
-
►
2005
(198)
- ► December 2005 (13)
- ► November 2005 (22)
- ► October 2005 (21)
- ► September 2005 (23)
- ► August 2005 (11)
- ► April 2005 (14)
- ► March 2005 (23)
- ► February 2005 (17)
- ► January 2005 (29)
-
►
2004
(86)
- ► December 2004 (25)
- ► November 2004 (33)
- ► October 2004 (28)
Climate Change - What Is and Is Not (Short List)
- Dr. Benny Peiser - Climate and Social Commentary
- Images and Issues Related To Climate Change and Global Warming - downloadable 5.4mb Adobe file
- NASA - Earth's Fidgeting Climate
- NASA - Deep Freeze and Sea Breeze: Changing Land and Weather in Florida
- Dr. Pielke - A new paradigm for assessing the role of agriculture in the climate system and in climate change
- Dr. Pielke - Unresolved Issues with the Assessment of Multi-Decadal Global Land-Surface (3+mb pdf)
- Dr. Pielke - An overview of regional land use and land cover impacts on rainfall
- Canadian Scientists Views On Global Warming
- Dr. Patterson - Urbanization and Temperature Changes
- Dr. Patterson - Ocean Sediment Changes and Solar Influences
- Dr. Patterson - Geological Record and Climate Change
- .........Dr. Timothy Patterson
- Multi-scale analysis of global temperature changes
- Dr. Scotese - Climate History
- Dr. Hulme - Language of Climate Catastrophe
- Dr. Pidwirny - Causes of Climate Change
- Climate Science - Dr. Roger Pielke, Sr.
- ...........Dr. Roger Pielke, Sr.
- ICECAP - Climate Change Commentary
- RealClimate
- ..........RealClimage - Scientific Staff
- World Climate Report
- ..........World Climate Report - Scientific Staff
- NY Times - Arctic's Tropical Past
- Associated Press - Coal and Climate Cooling
- Dr. Ray - Environmental Curmudgeon
Science News
Price of Being Crude
Cost of Gasoline - Enter Your Zipcode or Click on Map
CO2 Cap and Trade
Henry Louis Mencken (1880–1956)... and one could add "not all human problems really are."
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
It was beautiful and simple, as truly great swindles are.... 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.
- O. Henry
The Independent (UK)
Tracking Interest Rates
FEDERAL RESERVE & HOUSING
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.December 11, 2007 Somehow the Fed misses the obvious."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 13, 2007 [from The Christian Science Monitor]
[Image from: CNNMoney.com]
"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?
About Me
- Bruce Hall
- 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)
