Hard hitting global and local news
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid.
Let’s review what I said in ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work? Theory vs. Practice The ECB can "in theory" defend a price target on bonds, but only at the risk of owning every bond.
I’m a carbon neutral delayist – until 2020 At Monday’s Water District meeting, we revised our greenhouse gas/climate change policies. Â The prior policy was to reduce emissions "when feasible"
Eli’s Three Laws or Hansen Simply Explained There is an interesting to and fro over at Real Climate about the recent Hansen, Ruedy and Sato paper on an increase in climate extremes. Eli had a go at the preprint. Tamino has entered a demurral, which Eli suspects has an answer in what is below. Now some, not Eli to be sure, think the Rabett is on occasion cryptic. So be it, but in this case he has not quite worked through all the implications and it is better to be thought mysterious than foolish. Still the Bunny is somewhat skilled in boiling things down, and at RC pointed out that there are three simple points in the Hansen paper First if there is an increasing/decreasing linear trend on a noisy series, the probability of reaching new maxima or minima increases with time Second, if you put more energy into a system variability increases. Third , if you put more energy into a system variability increases asymmetrically towards the direction favored by higher energy  Hank added a codicil Fourth, if you keep going in the direction you’re headed, you’ll get there.  The first point has been a standard here at RR and also in various comments about the web in the recent discussions about why there are more temperature maxima than minima. The second is related to the idea that if the parametric landscape affecting anything is not smooth, excursions from a stable state require additional energy to overcome "attractions".
No one should be surprised to learn Greek Shortfall Growing Ever Larger Athens has not been having an easy time coming up with the €11.5 billion in cost cutting measures over the next two years it has promised Europe. Indeed, Greek Prime Minister Antonis Samaras is reportedly set to request an additional two years to make those cuts during meetings later this week with German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday. But according to information obtained by SPIEGEL, the financing gap his country faces could be even greater.
Posted by EliRabett at 5:36 PM Â 3 comments: Anonymous said… It’s interesting how Australian ecology differs from the ecologies of other continents, in terms of the nature of its trophic webs. The geological isolation of Australia, together with its ancient, nutrient-poor soils, mean that there is a great skew toward the lower trophic levels: that is, there ain’t much room for a large biomass of top predators on the continent
Here is a link to a translated article in Der Spiegel: ECB is planning to challenge interest rate speculation The European Central Bank (ECB) is considering to establish in its future bond purchases interest rate levels for each country. Thus, they would state papers of the crisis countries always buy when interest rates exceed a certain impact on their yields German Bunds.
Anonymous said… You think that Tony has it in for you? Well, I’d like to let you know that I have also been a victim of Tony’s not-so-righteous wrath.Not long ago, I committed the ultimate crime (in Tony’s eyes).
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional