Hard hitting global and local news
Image: Aung San Suu Kyi’s “Saffron Monks” are committing genocide in Myanmar.
The Egg Was First, No, the Chicken, No Never Mind An evergreen in Eli’s business is which came first exiting the ice age, the temperature or the greenhouse gas concentrations. Since the forcing is orbital changes, it is reasonable to expect at least some initial lag in the greenhouse gas and that includes water vapor, but the length of this lag has been an issue ever since Monnin, et al’s analysis of the EPICA Dome C core inferred a lag of 800 + 200 years. This has become an evergreen amongst the less serious, and indeed, there has even been considerable discussion by reasonable folk . Jeff Severinghaus provided an answer So one should not claim that greenhouse gases are the major cause of the ice ages. No credible scientist has argued that position (even though Al Gore implied as much in his movie)
Continue Reading: Regrets Pour In; Cyprus Parliament Passes Bailout Plan; Will Her Highness Approve?
Backing up what Ambrose Evans-Pritchard said with hard data, the Italian site Il Sole 24 Ore reports New Fall in Bank Lending to Households and Businesses . Loans to businesses and non-financial families continue to face strong decrease
Sticking with his economically insane campaign promise to construct 500,000 new homes in 2013, Hollande Announces 20 Measures to Support Home Building . Advocating a “confidence shock” to revive the building “against the Emergency Economic, social and environmental” the head of state has shown its desire to remove “all obstacles to construction”, while there was about 340,000 starts of new homes in 2012, below the target of 500,000.
The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I’m Dispensable . “I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama. What Bernanke said is best translated as ” I’ll get while the gettin’ is good.
Denial is Everywhere (About Increasingly Important Things!) Posted by Michael Shedlock at 6:09 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Le Monde Headline "No, France is Not Bankrupt" This amusing headline story by Bruno Moschetto, a professor of economics at the University of Paris in the French newspaper Le Monde has me laughing out loud this morning: " No, France is Not Bankrupt " No, France is not bankrupt …
More: "The Positive Impact of the Declining Yen Has Yet to be Seen"
Shameless self-promotion, Part Two So the contest of Solutions for Planetary Stability continues, and both of the solutions I entered (former blog posts) have made it to the finalist stage.