At least when there was a housing bubble, there were actual houses involved. The next bubble could ostensibly be a carbon dioxide bubble; the newly-created, artificial market for a clear, odorless gas is growing at rapid rates. According to a new article from Mark Shapiro in Harper’s: Carbon trading is now the fastest-growing commodities market on earth. Since 2005, when major greenhouse-gas polluters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there have been more than $300 billion worth …
Despite claims that the theory of global warming is “irrefutable,” the science behind this theory is now being called into question. Al Gore and all the others who wanted the world to take the Intergovernmental Panel on Climate Change’s (IPCC) report as untouchable science now have a problem as reports of flaws in both the methods and the data keep on coming. The Washington Post laid out yesterday multiple flaws in the IPCC report. These include everything from misreporting critical dates, sloppy sourcing—including the use of anecdotal evidence from mountain climbers …
Liberals are trying to take a big victory lap today over the stimulus. They proudly proclaim that the stimulus created more than two million jobs. They base these findings on models that simply multiply government spending by a multiplier to produce the net growth to jobs and GDP. Digging a hole in the ground is good for the economy as long as the government is paying for it in these models. Yes, the labor market has stabilized. Job losses are not as big, but job creation is slow and sluggish. …
Facing new polling showing that 52% of the American people believe that he does not deserve a second term in office, President Barack Obama attempted to reach out to conservatives yesterday by promising $8.33 billion in federal loan guarantees for a pair of nuclear reactors in Georgia. The President told an enthusiastic audience of union officials in Lanham, MD: “Those who have long advocated for nuclear power — including many Republicans — have to recognize that we will not achieve a big boost in nuclear capacity unless we also create …
The Drudge Report linked to a number of articles updating the public on Climategate including a number of concessions from Phil Jones, director of the Climatic Research Unit (CRU) at the University of East Anglia. In an interview with BBC Jones admitted that there was no statistically significant rise in temperature in the past fifteen years, that the Medieval Warming Period was as warm or warmer than today and that he had trouble keeping track of the information. In fact, “Colleagues have expressed concern that the reason he has refused …
Utah is not the only Western state that is rejecting the left’s global warming regulation policies. This week Arizona Gov. Jan Brewer (R) signed an executive order stating that Arizona will not endorse any emission-control plan that could raise costs for consumers and businesses. The Arizona Republic reports: Arizona will no longer participate in a groundbreaking attempt to limit greenhouse-gas emissions across the West, a change in policy by Gov. Jan Brewer that will include a review of all the state’s efforts to combat climate change. … State officials said …
Utah’s House Legislature took a strong stance against cap and trade as well as the alleged scientific consensus by passing a nonbinding resolution yesterday 56-17. Specifically, the resolution “urges the United States Environmental Protection Agency to halt its carbon dioxide reduction policies and programs and with its “Endangerment Finding” and related regulations until a full and independent investigation of the climate data conspiracy and global warming science can be substantiated. Most state representatives are not only questioning the scientific consensus but also the economic implications of cap and trade or …
Tomorrow, NBC (which is owned by General Electric) will begin broadcasting the 2010 Winter Olympics from Vancouver, Canada. Only two events are scheduled for the opening day (alpine skiing and ski jumping), but even those events will be difficult to pull off. Why? There is no snow in Vancouver. And International Olympic Committee President Jacques Rogge knows exactly what is to blame: global warming. Rogge tells AFP: “Global warming of course is a worry, it is a worry for the entire world.” Considering that NBC/GE was a target of TARP …
We can see the t-shirt slogan already: I paid $58,000 for solar panels and all I got was a $21 carbon credit that bought me this t-shirt. It’s not very catchy, but that’s the story of a Harrisburg couple, Tami and Randy Wilson, who installed solar panels in their home to reduce their electricity bill: The Pennsylvania couple has sold the world’s first carbon credit awarded for a reduction in personal carbon emissions. About 1,800 others have signed up to follow suit – underlining the US public’s readiness to press …
The snowstorms that have already dumped over two feet of snow on the nation’s Capitol and that are threatening to dump another 12 to 16 inches, have ground the legislative process to a halt. But that might not be such a bad thing. Senate Democrats had hoped they could pass President Barack Obama’s second stimulus today, but with only three of the Senate’s 100 lawmakers able to make it to the chamber, that vote has been postponed indefinitely. And the more we learn about what might be in President Obama’s second …
