Questions and Observations

Free Markets, Free People

BlogTalk Radio – 8pm (EST) Tonight

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Yes, friends, it is a call-in show, so do call in.

Subject(s):

Climaquiddick – with Copenhagen next week, why are the warmists trying so hard to pretend the CRU scandal doesn’t mean anything significant.

Afghanistan – the President’s West Point speech – what does it mean? Is there really a withdrawal date or is that as soft as the administration is trying to make it since the speech?

Unemployment – are the new numbers really good news? Really?

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Warmists and Their “Science” Head To Copenhagen

Those who would like to restrict how you live depending on how big your carbon footprint might be apparently don’t have a problem with the size of theirs.  Theirs will be a 41,000 ton carbon footprint which will include 1,200 limousines, 141 private jets and just about every 5 star hotel in the city is booked up by the 15,000 delegates.

Perhaps it is the members of the world’s oldest profession which best help identify what this is really all about.

And this being Scandinavia, even the prostitutes are doing their bit for the planet. Outraged by a council postcard urging delegates to “be sustainable, don’t buy sex,” the local sex workers’ union – they have unions here – has announced that all its 1,400 members will give free intercourse to anyone with a climate conference delegate’s pass. The term “carbon dating” just took on an entirely new meaning.

This, my friends, is how absurd it has become. In fact, I would suggest the local sex workers are an analogy for exactly what these Warmists intend to do to the entire world. And the world is pretty much giving it up for free.

Pretty sad.

And as the delegates meet, they do so under a shadow. For the first time, not just the methods but the entire purpose of the climate change agenda is being questioned. Leaked emails showing key scientists conspiring to fix data that undermined their case have boosted the sceptic lobby. Australia has voted down climate change laws. Last week’s unusually strident attack by the Energy Secretary, Ed Miliband, on climate change “saboteurs” reflected real fear in government that momentum is slipping away from the cause.

Let’s make sure that’s precisely what happens.

~McQ

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UK’s Met Office To Re-Examine Climate Data

In a staggering blow to the credibility of the CRU at the University of East Anglia, the UK’s Met Office will re-examine 160 years worth of climate data in light of the scandal there.  You can read about the Met Office here. They have been a very important and influential part of the man-made climate change cabal and are a government agency.  They along with the Royal Society and the Natural Environmental Research Council issued a statement as recently as November 24th saying AGW was real and the scientific evidence for that hypothesis has actually “strengthened significantly”.

Now, apparently, it is concerned enough by what has been revealed through the released emails from the CRU to decide to review the entire 160 years of data upon which the hypothesis rests.  The Times tells us:

The Met Office plans to re-examine 160 years of temperature data after admitting that public confidence in the science on man-made global warming has been shattered by leaked e-mails.

The new analysis of the data will take three years, meaning that the Met Office will not be able to state with absolute confidence the extent of the warming trend until the end of 2012.

[…]

The Met Office’s published data showing a warming trend draws heavily on CRU analysis. CRU supplied all the land temperature data to the Met Office, which added this to its own analysis of sea temperature data.

Why is this important?

The Met Office database is one of three main sources of temperature data analysis on which the UN’s main climate change science body relies for its assessment that global warming is a serious danger to the world. This assessment is the basis for next week’s climate change talks in Copenhagen aimed at cutting CO2 emissions.

Said another way, those in Copenhagen next week, will be making policy based on an assessment in which one of the providers of the data has no confidence.

Make sense?

And you’ll love this:

The Government is attempting to stop the Met Office from carrying out the re-examination, arguing that it would be seized upon by climate change sceptics.

Facts? We don’t need no stinkin’ facts – our minds are made up.  It’s much more important that we don’t give the skeptics ammo than actually settle the science. Talk about vested interests.

And, of course, there’s a bit of whistling past the graveyard:

The Met Office is confident that its analysis will eventually be shown to be correct. However, it says it wants to create a new and fully open method of analysing temperature data.

Couldn’t agree more on the “open method of analysing temperature data” – long, long overdue. And NASA needs to release their data as well and the sooner the better.

Meanwhile, even the IPCC has had to finally admit somethings actually going on which may have an effect on their findings:

The UN’s Intergovernmental Panel of Climate Change admitted yesterday that it needed to consider the full implications of the e-mails and whether they cast doubt on any of the evidence for man-made global warming.

Here’s an idea – cancel Copenhagen until there’s some level of confidence that the “science” that undergirds the hypothesis claiming human activity is a main source for ongoing climate change is actually based in real, factual data before rushing into economy killing emissions controls.

Fat chance, I know – we’ll soon learn what the term “bureaucratic impetus” means, I’m afraid.

~McQ

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The Unemployment Situation

I see that Megan McCardle thinks the unemployment numbers released today are enough to make her make her “cautiously optimistic” about the jobs picture.  I’ll meet her halfway.  I see room for caution, but not yet for optimism.

Ms. McArdle writes:

It’s very solidly good news: the labor force participation rate was basically unchanged, which means we’re seeing an actual decline in the unemployment rate, not a spike in the number of people leaving the labor force because they can’t find a job.

My reading of the numbers is precisely the opposite.  It appears to me that teenagers, high school dropouts, and those with only a high school diploma, all of whom have high unemployment rates, did, in fact, drop out of the labor force, which led to the decrease in the employment rate.

I also think the numbers are skewed by the seasonal adjustments.  The BLS adjusts the figures for seasonal changes, with extra weighting given to more recent years.  Last November, the Lehman collapse led to the loss of 610,000 jobs–the largest ever recorded by the BLS–so I suspect the weighting for seasonal factors is skewed to the point where the jobs situation may look better than it actually is.

We do see an increase in hours worked of 0.6 hours, but that doesn’t really create new jobs, it just provides more hours for current part-timers.

However, temporary employment rose significantly for the 4th straight month, and it appears that the mass layoffs have petered out.

So, as far as I can tell, there may have been a bottom, but there are still some anomalies that need to be explained before I jump into the optimist camp.

And, of course, none of this even touches on the 800-pound gorilla in the room, which is monetary policy.  The Fed’s policy of quantitative easing, i.e. massive increases in the money supply, still present us with hundreds of billions of dollars in low-velocity money floating around, all of which will have to be absorbed through higher interest rates, or through significant inflation.  The possibility still remains that necessary credit tightening will strangle any nascent recovery over the next 12-18 months, and send the economy on a another downward leg.

It’s very solidly good news:  the labor force participation rate was basically unchanged, which means we’re seeing an actual decline in the unemployment rate, not a spike in the number of people leaving the labor force because they can’t find a job.
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Interview with Tom Campbell, CA Gubernatorial candidate

I spoke with Tom Campbell for over 45 minutes on a range of topics, and I’ve split my posts on that discussion into two posts, one here and one over at The Next Right. Here at QandO, I’m going to cover the more policy-oriented topics, and over at The Next Right the topics have to do with new media, elections, and the politics of fiscal conservative governance.

It pains me to see my native California in such dire straits. The state is broke, farms are collapsing, and unemployment is over 12 percent. The public colleges that might help retrain a lot of those workers are slashing classes.

The tax and regulatory burden has finally overcome the state’s many natural advantages, leading its citizens to abandon the Golden State. And these are people who can’t be having an easy time selling their homes: California, one of the first to suffer in the real estate collapse, is still near the top of the heap in foreclosures.

California, as we say, has issues. I talked with Tom Campbell about some of the most important ones: the budget deficit, jobs, health care, education, water and infrastructure.

Continue reading

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NATO Promises 7,000 Additional Troops For Afghanistan

Except it really doesn’t.  In fact, among those 7,000 “additional” troops promised are 1,500 which are already in country and the 500 the British had already promised.  So it’s 5,000 additional troops in reality.   Nothing to sneeze at but certainly not the 10,000 desired.  As expected many will come from former Eastern bloc nations:

1,000 from Poland; 600 from Italy, plus more Carabinieri to work with Afghan police (something which worked well in Iraq – ed.). Slovakia is sending a small deployment …

Non NATO nations are sending detachments as well – South Korea is sending a small one and a surprisingly large one of about 1,000 is coming from Georgia.

The clinker?

An undisclosed number of the new troops will steer clear of the fighting because they are barred by their countries from combat operations. And two allies, the Netherlands and Canada, still plan to withdraw nearly 5,000 troops in the next two years, offsetting the infusion.

But it sounds great on paper, doesn’t it?

~McQ

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Congress: Rent Seeker’s Delight

By that I mean the Congress of the United States.  It can find more ways and more reasons to reward rent seekers than perhaps any legislative body I know.  That’s probably because it has the largest budget of purloined confiscated taxed dollars in the world.  And even when it has none, it still manages to hand out borrowed dollars.  In fact, we’re now to the stage that it involves generational theft – running up a debt that will have to be paid back by those not even born yet.  Imagine emerging from the womb with about $38,000 in debt already hanging over your head.  That’s the current charge.  Of course there’s always next year, when, as you know, the fed plans on spending another trillion we don’t have.  So in the big scheme of things, this story may almost seem trivial.  But it is indicative of how “special interest” democracy rewards rent seekers and finds new ways to loot the economy that simply boggle the mind.

Call this one “too special to fail”:

The radio business has nothing to do with the plan to overhaul the nation’s system for regulating banks and other financial institutions.

Except, it turns out, in Congress.

One of most intriguing mysteries here in recent weeks is why members of the Congressional Black Caucus have chosen to buck their party and president in trying to stall financial regulation reform.

The answer lies at least in part with an aggressive lobbying campaign by a troubled New York City-based radio broadcasting company, Inner City Broadcasting, whose co-founder is a prominent New York politician and businessman, Percy Sutton.

In a rare break with President Obama, the caucus, made up of black members of Congress, is holding back support for the legislation because it wants the administration to help minority-owned businesses, including Inner City, whose financial plight has been specifically identified in meetings with top administration officials.

In a variation on “no justice, no peace”, the CBC has a new slogan: “No loot, no vote” (and trust me, they’re only one of many doing this all the time, from both sides of the isle, in Congress).

Inner City Broadcasting has enlisted the CBC to plead its special case. It apparently has a bad business model that has failed and it insists its specialness exempts it from the results of that – after all, it is a minority owned business, don’t you know.

And that means it wants an exemption from failure. The story:

Inner City Broadcasting, which owns 17 commercial stations nationwide and was co-founded in 1971 by Mr. Sutton, faces a possible financial collapse because of pressure by Goldman Sachs and GE Capital to repay nearly $230 million in debt, Pierre Sutton, his son, said in an interview Wednesday.

Inner City has been battered by declines in advertising, as have many stations around the country, which have experienced drops of 10 percent or more in the last year because of the recession and the move of advertisers to the Internet.

But the other stations don’t have a friendly caucus in Congress do they? And that caucus knows its party owes it some loot to remain on their side. Their refusal to vote for more financial regulation is simply a little exercise in reminding their party of that.

Members of the caucus asked the administration to squeeze lenders like GE Capital and Goldman Sachs to renegotiate their loans with Inner City and other black-owned radio stations, arguing that these financial institutions themselves had already received federal assistance. Some caucus members even pushed to include black-owned radio stations in the bailout.

“There is a lot of concern about Inner City Broadcasting,” said Barney Frank, Democrat of Massachusetts, the chairman of the House Financial Services Committee, who set up one recent meeting with Mr. Geithner and Mr. Emanuel at the request of the Black Caucus.

Mr. Frank said the radio stations were only one issue raised by the caucus, and that others included financial difficulties faced by black-owned auto dealers, newspapers, banks and government contractors.

Yes, friends, it’s only fair. Extortion, influence peddling and payoffs (like 300 million for LA if a certain Democratic Senator votes for health care) are illegal everywhere but the US Congress where they’re business as usual — you know, the most ethical Congress ever?

And they wonder why they enjoy so little of the American people’s confidence and respect.

~McQ

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And They Call Themselves “Journalists”

So you’re a “journalist” and you have the opportunity to interview Al Gore prior to the Copenhagen climate summit. The scandal surrounding the University of East Anglia’s CRU has been breaking for two weeks and its head, Phil Jones has stepped down.  Penn State University is investigating Michael Mann and his discredited “hockey stick”. It even appears that NASA may have been in on the scandal having spent 2 years avoiding FOIA requests. And all of it undermines the very foundation of the science of man-made global warming Gore has based his assertions upon.

Do you think, as journalists, that might be something you’d want to question the man who has almost made a religion out of the cause based on this data?

Yeah, I’d think so too. But apparently John Harris and Mike Allen of Politico didn’t think that was important enough to ask Mr. Gore. Unless, of course, they just didn’t include it in their “published excerpts”. But then I can’t think of a single reason, given the depth and breadth of the scandal, that they wouldn’t can you?

Well, they didn’t.

John Coleman tells you why.

~McQ

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Settled Science?

According to Rasumssen, when it come to the topic global warming a majority of Americans don’t believe that to be true:

Most Americans (52%) believe that there continues to be significant disagreement within the scientific community over global warming.

While many advocates of aggressive policy responses to global warming say a consensus exists, the latest Rasmussen Reports national telephone survey finds that just 25% of adults think most scientists agree on the topic. Twenty-three percent (23%) are not sure.

That, of course, is a direct refutation of a statement by presidential spokesman Robert Gibbs:

“I don’t think … [global warming] is quite, frankly, among most people, in dispute anymore.”

Additionally, the majority of Americans are skeptical of the efficacy of climate scientist’s data – and this is not a result of Climaquiddick:

Fifty-nine percent (59%) of Americans say it’s at least somewhat likely that some scientists have falsified research data to support their own theories and beliefs about global warming. Thirty-five percent (35%) say it’s Very Likely. Just 26% say it’s not very or not at all likely that some scientists falsified data.

This skepticism does not appear to be the result of the recent disclosure of e-mails confirming such data falsification as part of the so-called “Climategate” scandal. Just 20% of Americans say they’ve followed news reports about those e-mails Very Closely, while another 29% have followed them Somewhat Closely.

It will be interesting to see what Climaquiddick does to those numbers, especially since the scandal seems to have spread to NASA here.

Rasmussen’s poll contradicts the myths of scientific consensus or “settled science”. Additionally, it points out that not only are the majority of Americans skeptical of the science, but given the recent scandal, that percentage is likely to grow.

Meanwhile, James Delingpole updates us on the latest and greatest concerning Climaquiddick.

~McQ

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