Wednesday, November 25, 2009
Climategate: MSM Writers Try to Ignore Scandal in Global Warming Stories But Readers Bring Them Back to Reality
An example is this Houston Chronicle editorial which asserts in its headline, "As a crucial climate change conference nears, more evidence of a warming globe." And as the editorial reveals its "evidence," note what is conspicuously missing although the readers will bring it up much to the embarrassment of the Chonicle:
The Global Carbon Project study concludes that unless emissions are substantially reduced, the result would be a rise in average global temperature by nearly 10 degrees Fahrenheit by the end of the century. That is on par with previous worst-case scenarios outlined by the United Nations Intergovernmental Panel on Climate Change. Scientists have estimated that temperature spikes above 2 degrees could have disastrous consequences, including large rises in sea level, droughts and stronger storms.
One of the authors of the study, Professor Corinne Le Quere of the University of East Anglia, says the conclusions raise the stakes for delegates to the Copenhagen gathering, who will try to hammer out a successor to the Kyoto Accords that committed signatory governments to emission reduction goals. The United States did not sign on to that agreement.
University of East Anglia? Hmmm... Where have I heard about this university in the recent past? Something about hacked e-mails, manipulated data, and a coverup? This editorial won't bring up the scandal that dare not speak its name but the readers are not shy about bringing it up over and over and over again:
Oh dear .. I think you have a bit of catching up to do.
Scandal? What scandal? We're as willfully clueless about this as Charlie Gibson is about the ACORN scandal.
Apparently, the clowns on the Houston Comical editorial board do zero research prior to sitting down at the keyboard to compose their lies. The "researchers" at East Anglia have been exposed as the perpetrators of a massive fraud by manipulating statistics. Yet, here comes the Comical citing the liars at East Anglia in support of their thesis. It's all over the news - even the Houston Comical. (Maybe the editorial board doesn't read the Comical - only the press releases of the DNC.)
AIIIEEEEE!!! Stop with the truth! It's too painful!
This is incredible. Warmists rig climate data, block publication of peer-reviewed papers challenging the AWG theory and the Chronicle publishes this scare-screed. The liberal media barons are flummoxed by thefollowing developments and like the 6 year old who finally realizes there is no Santa Claus, are in deep denial.
We will continue to believe in our global warming Santa no matter what the facts are to the contrary.
More unadulterated BS from the whiners on the Chronicle's Editorial Board. With these phoney scientists now exposed via some hacked emails and hundreds of other highly credentialed climate scientists saying the whole man-made global warming theory is a hoax, why a newspaper thinks it knows more than the skeptics is beyond me.
Considering the information that has come out in the last few days about the East Anglia researchers, this cannot be a well-informed and sincere editorial. The editorial board is either ignorant of the facts, deliberately obscuring them, or simply insulting its readers.
Stop, will you?
You are kidding me. Over the weekend we learned a server at East Anglia was hacked and emails were distributed that contradict Global Warming. In addition, they discuss how to overstate the findings in order to further their agenda. Yet, The Chronicle still blindlly pushes the Global Warming agenda. If that is not enough, tempatures have not risen over the last ten years. In fact, they have dropped slightly. How can any reader take a publication seriously when they refuse to report facts.
Stop, Dave. Will you stop, Dave?
The ClimateGate scandal exposes man-made global warming fears as quite simply the best science that agenda driven activists can "manufacture". Claims that the UN IPCC is the 'gold standard' of scientific research have been forever tarnished.
Stop, Dave. I'm afraid. I'm afraid, Dave.
Hey Chron - quit being a stupid doosh and get your facts straight. It came to be known last week that these scientists were fudging data. Perpetrating Al Gore's fraud.
Dave, my mind is going. I can feel it. I can feel it. My mind is going.
The IPCC chefs and their lackeys in the press have cooked the books to create a Soviet casserole of lies, flavored with phony data, suppressed research, bullied colleagues and topped with a garnish of elitist arrogance. And they want us to not only to eat it, but to pay trillions for the privilige. They now have all the credibility of an ACORN ethics officer and the public is vomiting at the smell.
There is no question about it. I can feel it. I can feel it. I can feel it. I'm a…fraid.
The Houston Chronicle editorial writers have completely ignored the breaking scandal that is evidencing the climate change hypothesis for what it is -- a pack of lies and manipulations delivered by establishment science. "Climate change" has always been about one agenda: Giving governments more power to control what you do. This one is so big and blatant even the mainstream media can't cover it up.
Daisy, Daisy, give me your answer, do.
How embarrassing for the Chronicle! With all that has happened in the past week, shouldn't you have at least taken the line out about the GCP saying '10-degree rise by the end of the century'? Don't you think it is out of your hands by now anyway? We are so close to the summit, how could recycling this old 'news' have any positive impact on the outcome? It just makes the 'collective' look even more foolish to people who have opened their minds and taken the time to truly evaluate the facts that are available to us. Why didn't you run a story on those hacked emals and bring us up-to-date on what is really going on?
I'm half crazy, all for the love of you. It won't be a stylish marriage. I can't afford a carriage. But you'll look sweet upon the seat of a bicycle built for two …
Bottom line here for the MSM; you can try to avoid mentioning Climategate in your global warming stories but your readers are sure to remind you of your deliberate oversight. Oh how they will remind you!
Tuesday, November 24, 2009
Tuesday, November 24, 2009
EDITORIAL: Hiding evidence of global cooling
Actual EMAILS that were found
THE WASHINGTON TIMES
Scientific progress depends on accurate and complete data. It also relies on replication. The past couple of days have uncovered some shocking revelations about the baloney practices that pass as sound science about climate change.
It was announced Thursday afternoon that computer hackers had obtained 160 megabytes of e-mails from the Climate Research Unit (CRU) at the University of East Anglia (UEA) in England. Those e-mails involved communication among many scientific researchers and policy advocates with similar ideological positions all across the world. Those purported authorities were brazenly discussing the destruction and hiding of data that did not support global-warming claims.
Professor Phil Jones, the head of the Climate Research Unit, and professor Michael E. Mann at Pennsylvania State University, who has been an important scientist in the climate debate, have come under particular scrutiny. Among his e-mails, Mr. Jones talked to Mr. Mann about the "trick of adding in the real temps to each series ... to hide the decline [in temperature]."
Mr. Mann admitted that he was party to this conversation and lamely explained to the New York Times that "scientists often used the word 'trick' to refer to a good way to solve a problem 'and not something secret.' " Though the liberal New York newspaper apparently buys this explanation, we have seen no benign explanation that justifies efforts by researchers to skew data on so-called global-warming "to hide the decline." Given the controversies over the accuracy of Mr. Mann's past research, it is surprising his current explanations are accepted so readily.
There is a lot of damning evidence about these researchers concealing information that counters their bias. In another exchange, Mr. Jones told Mr. Mann: "If they ever hear there is a Freedom of Information Act now in the UK, I think I'll delete the file rather than send to anyone" and, "We also have a data protection act, which I will hide behind." Mr. Jones further urged Mr. Mann to join him in deleting e-mail exchanges about the Intergovernmental Panel on Climate Change's (IPCC) controversial assessment report (ARA): "Can you delete any emails you may have had with Keith re [the IPCC's Fourth Assessment Report]?"
In another e-mail, Mr. Jones told Mr. Mann, professor Malcolm K. Hughes of the University of Arizona and professor Raymond S. Bradley of the University of Massachusetts at Amherst: "I'm getting hassled by a couple of people to release the CRU station temperature data. Don't any of you three tell anybody that the UK has a Freedom of Information Act!"
At one point, Mr. Jones complained to another academic, "I did get an email from the [Freedom of Information] person here early yesterday to tell me I shouldn't be deleting emails." He also offered up more dubious tricks of his trade, specifically that "IPCC is an international organization, so is above any national FOI. Even if UEA holds anything about IPCC, we are not obliged to pass it on." Another professor at the Climate Research Unit, Tim Osborn, discussed in e-mails how truncating a data series can hide a cooling trend that otherwise would be seen in the results. Mr. Mann sent Mr. Osborn an e-mail saying that the results he was sending shouldn't be shown to others because the data support critics of global warming.
Repeatedly throughout the e-mails that have been made public, proponents of global-warming theories refer to data that has been hidden or destroyed. Only e-mails from Mr. Jones' institution have been made public, and with his obvious approach to deleting sensitive files, it's difficult to determine exactly how much more information has been lost that could be damaging to the global-warming theocracy and its doomsday forecasts.
We don't condone e-mail theft by hackers, though these e-mails were covered by Britain's Freedom of Information Act and should have been released. The content of these e-mails raises extremely serious questions that could end the academic careers of many prominent professors. Academics who have purposely hidden data, destroyed information and doctored their results have committed scientific fraud. We can only hope respected academic institutions such as Pennsylvania State University, the University of Arizona and the University of Massachusetts at Amherst conduct proper investigative inquiries.
Most important, however, these revelations of fudged science should have a cooling effect on global-warming hysteria and the panicked policies that are being pushed forward to address the unproven theory.
Monday, November 23, 2009
According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.
The number dwarfs the statistic most people pay attention to—the U-3 rate—which most recently showed unemployment at 10.2 percent for October, the highest it has been since June 1983.
The difference is that what is traditionally referred to as the "unemployment rate" only measures those out of work who are still looking for jobs. Discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.
With such a large portion of Americans experiencing employment struggles, economists worry that an extended period of slow or flat growth lies ahead.
"To me there's no easy solution here," says Michael Pento, chief economist at Delta Global Advisors. "Unless you create another bubble in which the economy can create jobs, then you're not going to have growth. That's the sad truth."
Pento warns that forecasts of a double-dip ("W") or a straight up ("V") recovery both could be too optimistic given the jobs situation.
Instead, he believes the economy could flatline (or "L") for an extended period as small businesses struggle to grow and consequently rehire the workers that have been furloughed as the U-3 unemployment rate has doubled since March 2008.
As that trend has happened, the U-6 rate has expanded at an even more dramatic pace. Economists cite several reasons for the phenomenon.
For one, more workers are becoming discouraged as real estate—the focal point for the expansion in the earlier part of the decade—has collapsed and taken millions of directly related and ancillary jobs with it.
Many workers believe those jobs aren't coming back, and have thus quit looking and added themselves to the broader unemployment count.
"In the earlier part of this decade, 40 percent of all new jobs created were in real estate. Attorneys, mortgage brokers, agents, construction—they were all circled around housing," Pento says. "We've had a jobless recovery in the last two recessions. This is going to be the third jobless recovery in a row."
Another factor that may be leading people onto the rolls of those no longer looking for jobs is the government's accommodative extensions of jobless benefits.
"Workers are unemployed for a much longer span than we've seen historically," says David Resler, chief economist at Nomura Securities International in New York. "Part of that may be affected by the longer availability of benefits. It reduces the incentives for an urgent job search."
The U-6 rate debuted in January of 1994 at 11.8 percent, while the U-3 was at 6.6 percent. The measure hit a low of 6.9 percent in April 2000 while U-3 sat at 3.8 percent.
While the current methodology only dates back 15 years, a former U-6 gauge was in existence previously and peaked at 14.3 percent in 1982. Economists predict the current measure would fall just below that number using the same methodology.
"We're in the process of discovering how severe this recession and the long-run impact on certain industries will be and what that will do to overall employment," Resler says. The U-6 rate "portends a very slow, sluggish recovery."
If that holds and the US economy stays weak, that presents challenges for investors.
"People focus too much on that 10 percent number and not on the larger number," says Kevin Mahn, chief investment officer at Hennion & Walsh in Parsippany, N.J. "There's a humongous inventory of people out there looking for work and have been looking for work for a long time. Where are those jobs going to come from?"
High unemployment and the resulting pressure on consumers is driving many investors to look for opportunities overseas and in other assets.
Walsh says that trend is going to continue, with clients going to foreign markets, real estate investment trusts, certain bonds—anywhere that can offer profits above the slow-growth mire of US-based investments.
"If full employment is 4 percent, people are wondering how we're going to get from 10 (percent) to 4. Well, try getting from 17 to 4. We may not get back to full employment for a decade," Mahn says. "As an investor, that causes me to look for different places now. Maybe you can't just put money in US large caps and ride out this recovery."
Thursday, November 19, 2009
TRUE - CHECK:
Open Letter from Procter & Gamble Exec to Obama
Please read, even if you are an Obama fan. It is legitimate, written by respected, Lou Prichett, formerly of Proctor and Gamble. Lou Pritchett is one of corporate America 's true living legends- an acclaimed author, dynamic teacher and one of the world's highest rated speakers. Successful corporate executives everywhere recognize him as the foremost leader in change management. Lou changed the way America does business by creating an audacious concept that came to be known as "partnering." Pritchett rose from soap salesman to Vice-President, Sales and Customer Development for Procter and Gamble and over the course of 36 years, made corporate history. _______________________________________________________
AN OPEN LETTER TO PRESIDENT OBAMA
Dear President Obama:
You are the thirteenth President under whom I have lived and unlike any of the others, you truly scare me..
You scare me because after months of exposure, I know nothing about you.
You scare me because I do not know how you paid for your expensive Ivy League education and your upscale lifestyle and housing with no visible signs of support.
You scare me because you did not spend the formative years of youth growing up in America and culturally you are not an American.
You scare me because you have never run a company or met a payroll.
You scare me because you have never had military experience, thus don't understand it at its core.
You scare me because you lack humility and 'class', always blaming others.
You scare me because for over half your life you have aligned yourself with radical extremists who hate America and you refuse to publicly denounce these radicals who wish to see America fail.
You scare me because you are a cheerleader for the 'blame America' crowd and deliver this message abroad.
You scare me because you want to change America to a European style country where the government sector dominates instead of the private sector.
You scare me because you want to replace our health care system with a government controlled one.
You scare me because you prefer 'wind mills' to responsibly capitalizing on our own vast oil, coal and shale reserves.
You scare me because you want to kill the American capitalist goose that lays the golden egg which provides the highest standard of living in the world.
You scare me because you have begun to use 'extortion' tactics against certain banks and corporations.
You scare me because your own political party shrinks from challenging you on your wild and irresponsible spending proposals.
You scare me because you will not openly listen to or even consider opposing points of view from intelligent people.
You scare me because you falsely believe that you are both omnipotent and omniscient.
You scare me because the media gives you a free pass on everything you do.
You scare me because you demonize and want to silence the Limbaughs, Hannitys, O'Relllys and Becks who offer opposing, conservative points of view.
You scare me because you prefer controlling over governing.
Finally, you scare me because if you serve a second term I will
probably not feel safe in writing a similar letter in 8 years.
TRUE - CHECK:
This letter was sent to the NY Times but they never acknowledged it. Big surprise! Since it hit the internet, however, it has had over 500,000 hits. Keep it going. All that is necessary for evil to succeed is that good men do nothing. It's happening right now.
Monday, November 16, 2009
LONDON (AFP) – The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point.
US President Barack Obama is in China for a three-day mission aimed at convincing Beijing that Washington is its partner, not its rival.
As the dollar dropped against the euro and yen, gold struck an all-time peak of 1,133.20 dollars an ounce.
In late morning trading here, the euro climbed to 1.4969 dollars from 1.4918 dollars late in New York on Friday.
Against the Japanese currency, the dollar fell to 89.42 yen from 89.66 yen late on Friday.
"Far better than expected Japanese third-quarter GDP data...spurred risk appetite," said Jane Foley, an analyst for online trading firm Forex.com.
"This pushed the euro close to 1.50 dollars in early European hours."
Japan's gross domestic product (GDP) grew 1.2 percent in the third quarter of 2009 from the previous quarter -- the fastest pace in two-and-a-half years and much better than expected, the government reported.
The euro also gained as higher commodity prices, driven by hopes of a global economic recovery, spurred investor risk appetite, market watchers said.
"Gains in gold prices lifted demand for currencies of commodities-exporting nations like the Aussie against the US dollar," Osao Iizuka, chief foreign exchange trader at the Sumitomo Trust and Banking Co, told Dow Jones Newswires.
"Then the selling of the US dollar spread across other currencies, causing the euro to gain ground," he said.
Comments from a Chinese commerce ministry spokesman accusing the US of protectionism earned a quick rebuttal from senior US officials speaking in Beijing, who said a trade war was in neither country's best interests.
"We used to see that the United States was an innovation-driven US. But what we are seeing now is an increasingly protective US," commerce ministry spokesman Yao Jian told reporters at a regular monthly briefing.
"It is necessary to create for enterprises a stable and predictable environment, including (stable) economic and foreign exchange policies, to help the global economy grow steadily and China's exports recover," he said.
Yao added that the United States had "continued" to let the dollar drop "to improve its competitiveness" while pressing for the yuan's appreciation.
"It is detrimental to the global recovery and is unfair for (the US) to require other (currencies) to rise while allowing the dollar to keep slumping," Yao told reporters.
But US Commerce Secretary Gary Locke said Washington was not at fault.
"The United States is not engaged in increased protectionism," Locke told a luncheon in Beijing.
Obama is expected to raise trade tensions with his counterpart Hu Jintao and also urge China to reconsider the value of the yuan, which has been effectively pegged to the dollar since July 2008 and is deemed by Washington as being kept artificially low to boost Chinese exports.
In London on Monday, the euro was changing hands at 1.4969 dollars against 1.4918 dollars late on Friday, at 133.85 yen (133.57), 0.8966 pounds (0.8937) and 1.5096 Swiss francs (1.5093).
The dollar stood at 89.42 yen (89.66) and 1.0085 Swiss francs (1.0117).
The pound was at 1.6695 dollars (1.6693).
On the London Bullion Market, the price of gold jumped to 1,131.70 dollars an ounce from 1,104 dollars an ounce late on Friday.
Friday, November 13, 2009
In what could prove to be one of the biggest counterterrorism seizures in U.S. history, prosecutors filed a civil complaint in federal court against the Alavi Foundation, seeking the forfeiture of more than $500 million in assets.
The assets include bank accounts; Islamic centers consisting of schools and mosques in New York City, Maryland, California and Houston; more than 100 acres in Virginia; and a 36-story glass office tower in New York.
Confiscating the properties would be a sharp blow against Iran, which has been accused by the U.S. government of bankrolling terrorism and trying to build a nuclear bomb.
A telephone call and e-mail to Iran's U.N. Mission seeking comment were not immediately answered. Nor was a call to the Alavi Foundation.
It is extremely rare for U.S. law enforcement authorities to seize a house of worship, a step fraught with questions about the First Amendment right to freedom of religion.
The action against the Shiite Muslim mosques is sure to inflame relations between the U.S. government and American Muslims, many of whom are fearful of a backlash after last week's Fort Hood shooting rampage, blamed on a Muslim American major.
The mosques and the skyscraper will remain open while the forfeiture case works its way through court in what could be a long process. What will happen to them if the government ultimately prevails is unclear. But the government typically sells properties it has seized through forfeiture, and the proceeds are sometimes distributed to crime victims.
Prosecutors said the Alavi Foundation managed the office tower on behalf of the Iranian government and, working with a front company known as Assa Corp., illegally funneled millions in rental income to Iran's state-owned Bank Melli. Bank Melli has been accused by a U.S. Treasury official of providing support for Iran's nuclear program, and it is illegal in the United States to do business with the bank.
The U.S. has long suspected the foundation was an arm of the Iranian government; a 97-page complaint details involvement in foundation business by several top Iranian officials, including the deputy prime minister and ambassadors to the United Nations.
"For two decades, the Alavi Foundation's affairs have been directed by various Iranian officials, including Iranian ambassadors to the United Nations, in violation of a series of American laws," U.S. Attorney Preet Bharara said in a statement.
There were no raids Thursday as part of the forfeiture action. The government is simply required to post notices of the civil complaint on the property.
As prosecutors outlined their allegations against Alavi, the Islamic centers and the schools they run carried on with normal activity. The mosques' leaders had no immediate comment.
Parents lined up in their cars to pick up their children at the schools within the Islamic Education Center of Greater Houston and the Islamic Education Center in Rockville, Md. No notices of the forfeiture action were posted at either place as of late Thursday.
At the Islamic Institute of New York, a mosque and school in Queens, two U.S. marshals came to the door and rang the bell repeatedly. The marshals taped a forfeiture notice to the window and left a large document sitting on the ground. After they left a group of men came out of the building and took the document.
The fourth Islamic center marked for seizure is in Carmichael, Calif.
The skyscraper, known as the Piaget building, was erected in the 1970s under the shah of Iran, who was overthrown in 1979. The tenants include law and investment firms and other businesses.
The sleek, modern building, last valued at $570 million to $650 million in 2007, has served as an important source of income for the foundation over the past 36 years. The most recent tax records show the foundation earned $4.5 million from rents in 2007.
Rents collected from the building help fund the centers and other ventures, such as sending educational literature to imprisoned Muslims in the U.S. The foundation has also invested in dozens of mosques around the country and supported Iranian academics at prominent universities.
If federal prosecutors seize the skyscraper, the Alavi Foundation would have almost no way to continue supporting the Islamic centers, which house schools and mosques. That could leave a major void in Shiite communities, and hard feelings toward the FBI, which played a big role in the investigation.
The forfeiture action comes at a tense moment in U.S.-Iranian relations, with the two sides at odds over Iran's nuclear program and its arrest of three American hikers.
But Michael Rubin, an expert on Iran at the American Enterprise Institute, said the timing of the forfeiture action was probably a coincidence, not an effort to influence Iran on those issues.
"Suspicion about the Alavi Foundation transcends three administrations," Rubin said. "It's taken ages dealing with the nuts and bolts of the investigation. It's not the type of investigation which is part of any larger strategy."
Legal scholars said they know of only a few cases in U.S. history in which law enforcement authorities have seized a house of worship. Marc Stern, a religious-liberty expert with the American Jewish Congress, called such cases extremely rare.
The Alavi Foundation is the successor organization to the Pahlavi Foundation, a nonprofit group used by the shah to advance Iran's charitable interests in America. But authorities said its agenda changed after the fall of the shah.
In 2007, the United States accused Bank Melli of providing services to Iran's nuclear and ballistic missile programs and put the bank on its list of companies whose assets must be frozen. Washington has imposed sanctions against various other Iranian businesses.
Wednesday, November 11, 2009
In its third-quarter monetary policy report, the People's Bank of China departed from well-worn language on keeping the yuan "basically stable at a reasonable and balanced level." It hinted instead at a shift from an effective dollar peg that has been in place since the middle of last year.
"Following the principles of initiative, controllability and gradualism, with reference to international capital flows and changes in major currencies, we will improve the yuan exchange-rate formation mechanism," the central bank said in a 46-page monetary policy report.
The comments, published just days before a visit to Shanghai and Beijing by U.S. President Barack Obama, set out the possibility of a return to exchange rate appreciation that began with a landmark July 2005 revaluation.
The yuan strengthened by nearly 20 percent against the dollar until concern over the impact of the global financial crisis prompted Beijing to hit the brakes in the middle of last year to protect exporters.
The yuan has been stuck at around 6.83 per dollar ever since, drawing increasing ire from other countries, especially as it has followed the dollar downwards against other currencies.
The dollar has dropped 13 percent against a basket of major currencies including the yen and euro since mid-February.
Back to a Basket?
Some analysts have called for the return to a genuine basket of currencies, which the central bank said in 2005 it would use as a reference for the yuan.
"I think the wording change ... shows that it is an irresistible trend for China to resume yuan appreciation," said Xing Ziqiang, an economist at China International Capital Corp (CICC) in Beijing.
"It is not sustainable for the yuan to always be pegged to the U.S. dollar; after all, the repegging since late 2008 was just part of China's measures to address the global financial crisis, and now the impact of the financial crisis is fading, so the yuan should resume appreciation sooner or later."
The central bank's report came just hours after data that showed the world's third-largest economy had firmly put the worst of the global financial crisis behind it. Factory output growth surged to a 19-month high of 16.2 percent in October.
While exports were still down in year-on-year terms, economists pointed to the likelihood that they would start growing again soon.
Some analysts said the statement could have been timed to send a signal ahead of Obama's Nov. 15-18 visit to China.
Obama told Reuters on Monday that he planned to raise the currency issue during his trip.
However, Beijing is increasingly facing complaints about its currency from other emerging economies, which see an undervalued yuan as undercutting them in global markets.
No Sudden Shift
Those concerns were evident in a draft statement from APEC finance ministers circulated on Wednesday, in which they call for flexible interest rates and exchange rates as a way of redressing economic balances.
"We agreed that flexible prices, including exchange rates and interest rates, play a critical role in allocating resources efficiently, and can facilitate the adjustments needed to support balanced and sustainable global growth," said the latest draft statement by the finance ministers dated Nov. 10.
While the statement could change in its final form, a deputy Chinese finance minister was present at discussions on it, suggesting some level of agreement by Beijing on the wording.
However, analysts were quick to caution against expecting any sudden shift in the yuan's actual value, given China's penchant for carrying out any reforms gradually.
"The central bank's worries about capital flows, liquidity, and inflation signal growing pressure for yuan appreciation," said Ben Simpfendorfer, strategist with the Royal Bank of Scotland in Hong Kong.
"But I'm not looking for gains in the currency until the second quarter as the export sector still faces large challenges and margin pressure." Markets priced in a slightly greater appreciation over the coming year.
Offshore one-year dollar/yuan non-deliverable forwards (NDFs) fell to 6.6075 bid late on Wednesday compared with Tuesday's close of 6.6320.
Yuan appreciation implied by NDFs, which moves inversely with the forwards, was around 3.3 percent in a year compared with 3.06 percent before the announcement.
Xing with CICC said he was expecting even greater appreciation, of 3 to 5 percent next year, in the face of growing external and internal pressure.
"For China's own sake of balancing its economic growth and reducing its large surplus in the trade account, it is also necessary for the government to make the yuan more flexible."
Friday, November 6, 2009
By ROBERT A. GEORGE
Updated 9:18 AM CST, Fri, Nov 6, 20009
President Obama didn't wait long after Tuesday's devastating elections to give critics another reason to question his leadership, but this time the subject matter was more grim than a pair of governorships.
After news broke out of the shooting at the Fort Hood Army post in Texas, the nation watched in horror as the toll of dead and injured climbed. The White House was notified immediately and by late afternoon, word went out that the president would speak about the incident prior to a previously scheduled appearance. At about 5 p.m., cable stations went to the president. The situation called for not only his trademark eloquence, but also grace and perspective.
But instead of a somber chief executive offering reassuring words and expressions of sympathy and compassion, viewers saw a wildly disconnected and inappropriately light president making introductory remarks. At the event, a Tribal Nations Conference hosted by the Department of Interior's Bureau of Indian affairs, the president thanked various staffers and offered a "shout-out" to "Dr. Joe Medicine Crow -- that Congressional Medal of Honor winner." Three minutes in, the president spoke about the shooting, in measured and appropriate terms. Who is advising him?
Anyone at home aware of the major news story of the previous hours had to have been stunned. An incident like this requires a scrapping of the early light banter. The president should apologize for the tone of his remarks, explain what has happened, express sympathy for those slain and appeal for calm and patience until all the facts are in. That's the least that should occur.
indeed, an argument could be made that Obama should have canceled the Indian event, out of respect for people having been murdered at an Army post a few hours before. That would have prevented any sort of jarring emotional switch at the event.
Did the president's team not realize what sort of image they were presenting to the country at this moment? The disconnect between what Americans at home knew had been going on -- and the initial words coming out of their president's mouth was jolting, if not disturbing.
It must have been disappointing for many politically aware Democrats, still reeling from the election two days before. The New Jersey gubernatorial vote had already demonstrated that the president and his political team couldn't produce a winning outcome in a state very friendly to Democrats (and where the president won by 15 points one year ago). And now this? Congressional Democrats must wonder if a White House that has burdened them with a too-heavy policy agenda over the last year has a strong enough political operation to help push that agenda through.
If the president's communications apparatus can't inform -- and protect -- their boss during tense moments when the country needs to see a focused commander-in-chief and a compassionate head of state, it has disastrous consequences for that president's party and supporters.
All the president's men (and women) fell down on the job Thursday. And Democrats across the country have real reason to panic.
Wednesday, November 4, 2009
Henry Wm. Wallace
So I was browsing patents and came across a very cool one that I thought might be of interest to any budding scientists.
Tuesday, November 3, 2009
He is vehemently AGAINST this bill:
Denny tells us there is a second bill also to be voted on regarding physicians for the elderly.
It will cost 200B$.
It is only 13 pages and can be read here:
The whole thing is so ridiculous it has become surreal.
Hard to even fathom the world they are planning for us.
Not sure how long these links will last, so grab this while you can.
Also here is a snipit from Denny Rehberg's site...
Rehberg Shines Sunlight Into Secretive Pelosi Health Care Bill Using Social Media
"Every Montanan has the right to know what is in this legislation," said Rehberg, a member of the House Health and Human Services Appropriations Subcommittee. "Unfortunately, the bill has doubled in size since August and when every one of the 400,000 words matters, it takes time to digest. At this point, I don’t think anyone can honestly say they completely understand this bill, but the more eyes the better. The internet lets me deputize Montanans to dig into the specifics of this legislation."
In late July, another health care bill was passed through Committee. That bill was 1,017 pages long, and the subject of sixteen Rehberg listening sessions held around the state and attended by thousands of Montanans during August. The new bill is nearly twice as long, and a vote may be called as early as next week. Rehberg has asked for time to hold a similar series of listening sessions in Montana, but his request has been ignored by House leaders. He scheduled an emergency town hall in his hometown of Billings for Saturday.
"In the absence of time to meet folks face-to-face, the internet can be a virtual town hall," said Rehberg. "I can interact with Montanans online, and together we can decide if this bill is good for our state and our nation."
Rehberg’s Twitter account can be read at:
His Facebook profile is at:
Here are some of the messages that Rehberg sent today:
Health Care Bill 1,990 Pages. 400,000 words. $1 Trillion CBO Score. That’s $2.5 million PER WORD! http://tinyurl.com/ykhjjh7
Who actually believes that this $1,000,000,000,000 bill won’t add “a thin dime” to our deficit? http://tinyurl.com/ykhjjh7
Don’t forget 13-page companion bill that will cost over $200 billion. It was introduced separately to hide cost. http://tinyurl.com/ykhjjh7
Page 111 establishes new board of fed bureaucrats to dictate the health plans that all individuals must buy http://tinyurl.com/ykhjjh7
WASHINGTON, D.C. – Montana’s Congressman, Denny Rehberg, has utilized social media sites like Facebook and Twitter to solicit public input on Speaker Nancy Pelosi’s brand new 1,990-page health care bill, which was first unveiled to the public yesterday morning. Hours after the public announcement of the bill – which, ironically, was not open to the public – Rehberg posted the full text of the legislation in the "Transparency Center" of his Congressional website
Monday, November 2, 2009
NASA STS 88 Pics Unknown Spacecraft (UFO)
Click HERE for Video.
What is the "Black Knight" satellite? It is a mysterious satellite, of unknown origin, discovered in 1960 which shadowed Sputnik. It is believed to have been of extraterrestrial origin, and signaled back old radio waves from the 1920s and 1930s before it disappeared. In short wave patterns analyzed by astronomer Duncan Lunan, it revealed its origin as Epsilon Boötes (or the star system as it was 13,000 years ago).
In "Disneyland of the Gods", by John Keel, he reports in depth on this satellite:
"In February 1960 the US detected an unknown object in polar orbit, a feat that neither they or the USSR had been able to accomplish. As if that wasn't enough, it apparently was several sizes larger than anything either country would have been able to get off the ground.
And then, the oddness began. HAM operators began to receive strange coded messages. One person in particular said he managed to decode one of the transmissions, and it corresponded to a star chart. A star chart which would have been plotted from earth 13,000 years ago, and focused on the Epsilon Bostes star system.
On September 3, 1960, seven months after the satellite was first detected by radar, a tracking camera at Grumman Aircraft Corporation's Long Island factory took a photograph of it. People on the ground had been occasionally seeing it for about two weeks at that point. Viewers would make it out as a red glowing object moving in an east-to-west orbit. Most satellites of the time, according to what little material I've been able to find on the black knight satellite, moved from west-to-east. It's speed was also about three times normal. A committee was formed to examine it, but nothing more was ever made public.
Three years later, Gordon Cooper was launched into space for a 22 orbit mission. On his final orbit, he reported seeing a glowing green shape ahead of his capsule, and heading in his direction. It's said that the Muchea tracking station, in Australia, which Cooper reported this too was also able to pick it up on radar traveling in an east-to-west orbit. This event was reported by NBC, but reporters were forbidden to ask Cooper about the event on his landing. The official explanation is that an electrical malfunction in the capsule had caused high levels of carbon dioxide, which induced hallucinations."