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If you can’t explain the ‘pause’, you can’t explain the cause…
New paper finds another huge error in carbon cycle assumptions equivalent to 30 years of man-made emissions
…another huge error in the global carbon cycle assumptions used by carbon cycle models such as the highly-flawed IPCC Bern model and as the basis for other models including climate and ocean ‘acidification’ models. The authors “provide estimates of the climate benefits due to CO2 fertilization of the terrestrial biosphere,” finding, “enhanced vegetation growth [from CO2 fertilization] over that period reduced atmospheric CO2 concentration by 85 ppm below what it would have been without that effect, thereby avoiding approximately 0.3°C of warming. This represents a dramatic shift of the carbon budget, by more than 250 billion tons of carbon–more than 30 years of emissions at current rates.”
…more HERE
The U.S. Treasury has booked a $9.7 billion loss on its $49.5 billion bailout of General Motors Co. on the sale of nearly all of its shares it received as part of its $49.5 billion bailout.
Given how far GM stock is below breakeven, it seems likely that the loss to taxayers, primarily to insulate labor unions from the impact of their folly in demanding 95% pay for workers who were laid off and lavish fringe benefits, making American cars uncompetitive with German, Japanese, and other foreign makes, will exceed the nice round figure of ten billion bucks.
In a quarterly report to Congress Tuesday, the Special Inspector General overseeing the $700 billion Troubled Asset Relief Program bailout fund disclosed that the Treasury had realized a significant loss on its sale of most of its 60.8 percent stake in GM. Through Sept. 30, Treasury sold 811 million shares of the 912 million shares it received in the automaker as part of its 2009 bankruptcy restructuring.
The taxpayers’ ownership stake in the Detroit-based automaker – swapped for more than $40 billion in loans, was initially 60.8 percent, but is now down to about 7 percent, the Treasury said. “Because the common stock sales have all taken place below Treasury’s break even price, Treasury has so far booked a loss of $9.7 billion on the sales,” the report said.
While the world continues its search for the elusive fountain of youth, you can get a jump start on reclaiming the vitality of your early years by following nutrition expert Lisa Petty’s eight-step program. Start today for a more vibrant tomorrow.
1. Add more H2O
Let’s begin with an easy one: Drink water. It’s a health heavyweight – regulating temperature, transporting nutrients to organs and tissues, shuttling oxygen to cells, removing waste, and protecting joints and organs. Too little water leads to joint and muscle pain, headaches, constipation and thirst, as well as dry and wrinkle-prone skin.
MAKE CHANGE TODAY To calculate your water needs, divide your body weight in pounds by half: this equation gives you the number of ounces to consume each day. And remember, about 20% of our daily intake comes from fruits and vegetables, so add hydrating stars like tomatoes, cucumbers and lettuce to your menu.
2. Embrace fat
Our current fat phobia has it (mostly) wrong. While hydrogenated and trans fats are linked to high cholesterol and heart disease, we actually require specific fats for optimum health and longevity.
The omega 3 fats EPA and DHA that come from fish oil are essential for good metabolism. They are also key to preserving cognitive function, memory and concentration. Plus, omega 3 fats create plump and age-defying skin cells, thereby reducing the look of wrinkles.
MAKE CHANGE TODAY The best way to pump up your intake is to include deep water fatty fish like salmon and sardines three times per week. Nuts, seeds and fortified foods offer some omega 3 fats, too, but because our bodies can’t convert them as easily, they aren’t the best source.
….read 3 – 8 HERE
2014 World Outlook Financial Conference
Agenda
Coming soon.
Truly worth the wait… a very exciting list of speakers and topics will be posted here soon – you won’t believe what we have in store for you this year. Prepare yourself for the next generation of huge-growth investment opportunities
Even when it comes to something as basic, and apparently as simple and straightforward, as the question of who shut down the federal government, there are diametrically opposite answers, depending on whether you talk to Democrats or to Republicans.
There is really nothing complicated about the facts. The Republican-controlled House of Representatives voted all the money required to keep all government activities going — except for ObamaCare. This is not a matter of opinion. You can check the Congressional Record.
As for the House of Representatives’ right to grant or withhold money, that is not a matter of opinion either. You can check the Constitution of the United States. All spending bills must originate in the House of Representatives, which means that Congressmen there have a right to decide whether or not they want to spend money on a particular government activity.
Whether ObamaCare is good, bad or indifferent is a matter of opinion. But it is a matter of fact that members of the House of Representatives have a right to make spending decisions based on their opinion.
ObamaCare is indeed “the law of the land,” as its supporters keep saying, and the Supreme Court has upheld its Constitutionality. But the whole point of having a division of powers within the federal government is that each branch can decide independently what it wants to do or not do, regardless of what the other branches do, when exercising the powers specifically granted to that branch by the Constitution.
The hundreds of thousands of government workers who have been laid off are not idle because the House of Representatives did not vote enough money to pay their salaries or the other expenses of their agencies — unless they are in an agency that would administer ObamaCare.
Since we cannot read minds, we cannot say who — if anybody — “wants to shut down the government.” But we do know who had the option to keep the government running and chose not to. The money voted by the House of Representatives covered everything that the government does, except for ObamaCare.
The Senate chose not to vote to authorize that money to be spent, because it did not include money for ObamaCare. Senate Majority Leader Harry Reid says that he wants a “clean” bill from the House of Representatives, and some in the media keep repeating the word “clean” like a mantra. But what is unclean about not giving Harry Reid everything he wants?
If Senator Reid and President Obama refuse to accept the money required to run the government, because it leaves out the money they want to run ObamaCare, that is their right. But that is also their responsibility.
You cannot blame other people for not giving you everything you want. And it is a fraud to blame them when you refuse to use the money they did vote, even when it is ample to pay for everything else in the government. When Barack Obama keeps claiming that it is some new outrage for those who control the money to try to change government policy by granting or withholding money, that is simply a bald- faced lie. You can check the history of other examples of “legislation by appropriation” as it used to be called.
Whether legislation by appropriation is a good idea or a bad idea is a matter of opinion. But whether it is both legal and not unprecedented is a matter of fact.
Perhaps the biggest of the big lies is that the government will not be able to pay what it owes on the national debt, creating a danger of default. Tax money keeps coming into the Treasury during the shutdown, and it vastly exceeds the interest that has to be paid on the national debt. Even if the debt ceiling is not lifted, that only means that government is not allowed to run up new debt. But that does not mean that it is unable to pay the interest on existing debt.
None of this is rocket science. But unless the Republicans get their side of the story out — and articulation has never been their strong suit — the lies will win. More important, the whole country will lose.”