Cake or Death: Denying global warming is tantamount to heresy

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Thursday, April 05, 2007

Denying global warming is tantamount to heresy

I guess I'm a heretic now, equivalent to the scum who deny the holocaust.

But the bright spot is that maybe this whole global warming thing means that next year my front yard won't die from 2 straight months of severe cold. That'd be nice...

But in the mean time, check out this great op-ed piece by Walter E. Williams over at Townhall.com.

Most climatologists agree that the earth's temperature has increased about a degree over the last century. The debate is how much of it is due to mankind's activity. Britain's Channel 4 television has just produced "The Great Global Warming Swindle," a documentary that devastates most of the claims made by the environmentalist movement. The scientists interviewed include top climatologists from MIT and other prestigious universities around the world. The documentary hasn't aired in the U.S., but it's available on the Internet.

Among the many findings that dispute environmentalists' claims are: Manmade carbon dioxide emissions are roughly 5 percent of the total; the rest are from natural sources such as volcanoes, dying vegetation and animals. Annually, volcanoes alone produce more carbon dioxide than all of mankind's activities. Oceans are responsible for most greenhouse gases. Contrary to environmentalists' claims, the higher the Earth's temperature, the higher the carbon dioxide levels. In other words, carbon dioxide levels are a product of climate change. Some of the documentary's scientists argue that the greatest influence on the Earth's temperature is our sun's sunspot activity. The bottom line is, the bulk of scientific evidence shows that what we've been told by environmentalists is pure bunk.

And it just so happens The Great Global Warming Swindle is over on YouTube (thanks to commenter Ted for pointing it out to me). It's about 75 minutes long so snuggle up with a cup of hot cocoa and a warm blanket and... Wait a sec... global warming... duh...

Snuggle up in a t-shirt, shorts, and flip-flops with an iced tea and watch it.

Good stuff.

Labels: global warming

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