Archive for November, 2009

Climate change scandal: BBC expert was sent ‘cover-up’ emails a month before they were made public | Mail Online

Climate change scandal deepens as BBC expert claims he was sent leaked emails six weeks ago

The controversy surrounding the global warming e-mail scandal has deepened after a BBC correspondent admitted he was sent the leaked messages more than a month before they were made public.

Paul Hudson, weather presenter and climate change expert, claims the documents allegedly sent between some of the world’s leading scientists are of a direct result of an article he wrote.

In his BBC blog three days ago, Hudson said: ‘I was forwarded the chain of emails on the 12th October, which are comments from some of the world’s leading climate scientists written as a direct result of my article “Whatever Happened To Global Warming”.’

That essay, written last month, argued that for the last 11 years there had not been an increase in global temperatures.

It also presented the arguments of sceptics who believe natural cycles control temperature and the counter-arguments of those who think it’s man’s actions which are warming the planet.

The leaked files – which show 4,000 documents which have allegedly been sent by scientists over the past 13 years – were apparently taken from servers at the University of East Anglia’s Climate Research Unit, which is a world-renowned centre focused on studying climate change.

They were then uploaded on to a Russian server before being published on a blog called Air Vent.

The e-mails apparently show researchers discussing how to ‘spin’ climate data and how that information should be presented to the media.

In his blog for BBC Look North, Hudson added: ‘The e-mails released on the internet as a result of CRU being hacked into are identical to the ones I was forwarded and read at the time and so, as far as l can see, they are authentic.’

He also publishes a link to the messages which global warming sceptics claim provide ‘smoking gun’ evidence that some scientists talked about manipulated data to support the theory that climate change is being caused by mankind.

via Climate change scandal: BBC expert was sent ‘cover-up’ emails a month before they were made public | Mail Online.

Footballers and film stars caught out as Dubai crash hits new low – Times Online

Footballers and film stars caught out as Dubai crash hits new low

David Beckham and Brad Pitt are believed to be among the celebrities and sportsmen who bought villas in Palm Jumeirah in Dubai, a luxury development that juts out into the Gulf. But when the property bubble burst this year, residents saw the value of their investments collapse. Yesterday their situation worsened as Nakheel, the developer, and its state-owned parent made a request to suspend debt repayments.

The statement rocked credit mar-kets around the world and prompted analysts to question whether Dubai, the most populous of the United Arab Emirates, will be able to meet its obligations. The concern is that Nakheel will be unable to continue developing the Palm and neighbouring projects, leaving Dubai and its coastal waters an ugly, unfinished construction site.

When the 2,000 villas and townhouses on the Palm went on sale in 2002, they sold out in a month. Passing through en route to the World Cup in Japan and Korea were the England football team, and several players stopped off to sign up for £1 million properties on the artificial island, with Michael Owen, David James, Joe Cole, Andy Cole and Kieron Dyer, it was reported, joining Beckham on the beaches. Pitt and Angelina Jolie are also said to have bought homes.

Dubai government that it wishes to suspend repayment of Dubai World’s debts for six months, including a $4 billion bond held by Nakheel that was due to be repaid next month, is the clearest indication that the emirate can no longer meet its obligations.

via Footballers and film stars caught out as Dubai crash hits new low – Times Online.

Financial News

Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally
A great piece by famed invester Jim Rogers on Bubbles and Gold.

Failure written into ‘too big’ policy
Article by Henry C K Liu of Asia Times and challenges the wisdom of too big to fail and the resulting effects.

Dollar Overwhelms Central Banks From Brazil to Korea
[Bloomberg]

Brazil, South Korea and Russia are losing the battle among developing nations to reduce gains in their currencies and keep exports competitive as the demand for their financial assets, driven by the slumping dollar, is proving more than central banks can handle.

Wave of Debt Payments Facing U.S. Government

But that happy situation, aided by ultralow interest rates, may not last much longer.

Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Even as Treasury officials are racing to lock in today’s low rates by exchanging short-term borrowings for long-term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.

With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.

In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.

The potential for rapidly escalating interest payouts is just one of the wrenching challenges facing the United States after decades of living beyond its means.

Audit the Fed Bill: Attempted Saturday Night Massacre Underway

So get this, sports fans: the day (or maybe two max) before the
so-called Audit the Fed bill (a bipartisan initiative to increase
transparency) has a torpedo shot at it by a member of the House
Financial Services committee, one Mel Watt of North Carolina. Of
course, his amendment
professes to increase transparence too, but in fact does nothing of the
kind, and in fact would reduce the GAO’s audit powers over the Fed.

I’ll admit I’m a bit of a newbie at these matters, but it strains
credulity to think Watt came up with this Trojan horse on his own. I’ll
bet the Fed provided the language for this stealth operation.

Climategate: the final nail in the coffin of ‘Anthropogenic Global Warming’?

telegraph.co.uk

By James Delingpole

If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia’s Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. (Hat tip: Watts Up With That)

When you read some of those files – including 1079 emails and 72 documents – you realise just why the boffins at Hadley CRU might have preferred to keep them confidential. As Andrew Bolt puts it, this scandal could well be “the greatest in modern science”. These alleged emails – supposedly exchanged by some of the most prominent scientists pushing AGW theory – suggest:

Conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organised
resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more.
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European Union gets medieval with ultra-secret elections Robert Bridge

Russia Today November 19, 2009

The EU is coming under fire for shunning democratic principles as candidates for top jobs assemble behind closed doors with secret societies as “selection day” approaches.

What does the ultra-secretive Bilderberger Club, Henry Kissinger, and closed-door meetings made up of anonymous politicians, bankers and industrialists have in common with transparency, democratic procedure and open societies?

If you answered ‘nothing’ you would find yourself in rather cozy company. In fact, the European Union’s secretive election process more resembles a Vatican conclave to elect a new pope than a modern experiment in democratic procedure. Indeed, the only thing the EU needs to do now is build a smokestack in Brussels so that a puff of smoke will tell us when their arcane ritual is complete (Note: a top-ranking EU official will defend the process behind the election process at the end of this article).

“After an introductory round of consultations with his fellow heads of state and government, Swedish Prime Minister Fredrik Reinfeldt [who holds the EU rotating presidency] has decided to convene an extra informal summit on 19 November,” the EU confirmed in a statement.
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Blackwater involved in Bhutto and Hariri hits says former Pakistani army chief

Sarah Khan – Pakistan Daily October 31, 2009

Pakistan’s former chief of army staff, General Mirza Aslam Beg (ret.), has said the U.S. private security company Blackwater was directly involved in the assassinations of former Pakistani prime minister
Benazir Bhutto and former Lebanese prime minister Rafik Hariri.

Blackwater later changed its name and is now known as Xe.

General Beg, who was chief of army staff during Benazir Bhutto’s first administration, said U.S. officials always kept the presence of Blackwater in Pakistan secret because they were afraid of possible
attacks on the U.S. Embassy and its consulates in Pakistan.

During an interview with a Pakistani TV network, Beg claimed that the United States killed Benazir Bhutto.

Beg stated that the former Pakistani prime minister was killed in an international conspiracy because she had decided to back out of the deal through which she had returned to the country after nine years in
exile.
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Why War is Inevitable

John Kaminski – via dprogram.net November 19, 2009

It always struck me as odd that just before all wars start, the people who have been asked to wage these wars say they don’t want to fight, and insist they want peace. And as a result, all the politicians say they’re for peace, and would never get us into war, especially one in which we had no obvious stake. Then the wars start.

Just before World War I, Woodrow Wilson was the peace candidate, but later lit the fuse that killed 25 million people. Franklin Roosevelt said he’d keep us out of war just before he was elected to a third term, and history has long ago revealed how he engineered Pearl Harbor to get us into WW II, which killed 57 million.

Just before World War I, the sentiment in America was decidedly pro-German, and more the half of all the immigrants coming to this developing land WERE German. Nobody wanted to get involved in a European war. But the media, owned by the same people who were making the weapons, convinced us, apparently, by suddenly and savagely telling hair-raising false stories about the Germans.

This is the great fact Americans continue to ignore. Instead of understanding that bankers create the wars, we prefer to believe the prejudicial hate speak that emanates from American media that our enemies are “krauts,” “gooks,” and “ragheads,” without remembering, as the great suppressed writers have told us, that the folks who control the money also control everything else.

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