The institute of physics is arguably the most prestigious scientific institution. It has told us that climate science is not scientific, that the climategate emails are big deal. … unless the disclosed e-mails are proved to be forgeries or adaptations, worrying implications arise for the integrity of scientific research in this field and for the credibility of the scientific method as practised in this context. The CRU e-mails as published on the internet provide prima facie evidence of determined and …
Category: economics
socialist medicine
Hot air reviews an interesting report from Britain. Patients were left unwashed in their own filth for up to a month as nurses ignored their requests to use the toilet or change their sheets; … Wards were left filthy with blood, discarded needles and used dressings … … … Food and drink were left out of reach, forcing patients to drink water from flower vases. … The problem is that those would provide socialist medicine for the indigent, want to …
The bubble in government paper
The US budget proposes that by 2020, debt service on federal debt will be ten percent of GDP. This is politically impossible. The interest will be paid by borrowing more money.
Where the money went
The government has been shuffling the money around to obfuscate who stole it. It lends money, and then announces that there is no problem, the money has been paid back. But after much fiddling, the money has mostly come to rest, in that the government is now the proud owner of about one trillion dollars of mortgage backed securities guaranteed by Fannie, Freddie, and the FHA, plus some Fannie, Freddy, and FHA debt. The first graph in the above link …
Affirmative action and the mortgage crisis
Four hundred firemen died attempting to rescue people on 9/11. Not one “firefighter†died, for women do not fight fires. It is not in their physique, nor their psychological nature to do so. Obama and his wife are typical affirmative action blacks. Michelle’s Princeton thesis is a whine about racial prejudice and is full of spelling and grammatical errors.  Obama got a degree from Columbia without even showing up. Obama can read from a teleprompter very nicely – except when …
The cause of the crisis 5
The green room has a wonderful summary of the economic crisis in the form of a children’s book. They neglect, however, to mention George Bush’s role in making the CRA even worse than it already was.
Animal spirits
Everyone knew that things were going to collapse, but wanted to stay in till the last minute because there was money to be made, so it was not animal spirits, but people trying to rationally judge when to run to the exits.
Obama lashes out at the innocent to protect the guilty
Immediately after losing a senate seat to a Republican populist, Obama the next day proceeded to go populist. He, is, he tells us, going to punish those unregulated wall street fat cats who caused the crisis. He is going to tax the banks, and restrict proprietary trading by banks. But proprietary trading had little to do with the crisis. All the things that caused the crisis are still going: the continuing misbehavior of Fannie, Freddie, and the FHA, the continuing …
What the election of Scott Brown means
Notice Scott Brown’s old pick up truck. Partly, of course, it is simply a massive swing against the Democrats. The economy is collapsing, people blame the party in power. But it also means more important and more interesting things: Scott Brown was campaigning as the anti elitist candidate, brandishing a working class and underclass identity, such as his old truck and his conviction for shoplifting. The elite is unpopular, not just one party of the elite. This was a populist …
Google censors Google censorship
Recursive censorship: Typing climategate booker into bing four of the first five hits are about Google censoring Booker’s climategate article. The Booker Climategate Article – Scandal or Indexing Problem … Climategate: Googlegate? – Telegraph Blogs Of Climategate, Googlegate & When Stories Get Too Long Mimsy: Climategate crashes Google? Typing climategate booker into google, none the first four hits are about Google censoring Booker’s climategate article – the same hits are all there, one of them at rank five, and they …