Archive for November 1st, 2008

Scientists are grappling with a warming phenomena observed on other planets in our Solar System and are at a rush to explain it (since there aren’t any gas-guzzling SUVs on those planets last they checked).

National Geographic reported about the findings of Habibullo Abdussamatov on Mars:

Habibullo Abdussamatov, head of space research at St. Petersburg’s Pulkovo Astronomical Observatory in Russia, says the Mars data is evidence that the current global warming on Earth is being caused by changes in the sun.

“The long-term increase in solar irradiance is heating both Earth and Mars,” he said.

Although some scientists are quick to point to other reasons for martian weather changes:

Since there is no known life on Mars it suggests rapid changes in planetary climates could be natural phenomena.

The mechanism at work on Mars appears, however, to be different from that on Earth. One of the researchers, Lori Fenton, believes variations in radiation and temperature across the surface of the Red Planet are generating strong winds.

But Mars isn’t the only planet warming up, as Live Science reports: (more…)

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Something odd on Glenn Beck a couple of months ago, Gov. Schwarzenegger vetoes a bill to teach global warming in California schools just as Alaska records its coldest(??) summer on record.

Meanwhile more odd things on Fox News earlier this year, temperature stations around the world are registering temperature drops:

What the hell is going on?

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Founder of CNN talks on Charlie Rose:

Notable comments:

  • It will be catastrophic.
  • We’ll be eight degrees hotter in 30 or 40 years
  • None of the crops will grow.
  • Most of the people will have died and the rest of us will be cannibals.
  • Civilization will have broken down.
  • The few people left will be living in a failed state.
  • Living conditions will be intolerable.
  • The droughts will be so bad there’ll be no more corn grown.
  • We’ve got to stabilize the population.

Talk about reductio ad absurdum anyone?

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Aurelio “Gigi” Montinola III is the president of the Bank of the Philippine Islands, and one of the most respected bankers in the Philippines. He wrote the following messages, which I find as the most sober and forthright thoughts in this financial crisis.

Fellow Unibankers,

Attached please find a piece that I was supposed to write for an outside publication – unfortunately, I cannot submit it as the ending is perpetually changing.

What I thought to be a gathering storm to hit in the first quarter of 2009 has hit our beaches yesterday – the Philippine Stock Exchange had its highest (12. 27 %) drop in history a single day, and the Peso Dollar exchange rate is creeping back from around P 41: $ 1 to almost P 50 : $1. Like other markets in the region, the PSEI has dropped 50% ytd, and people are getting nervous.

It has now become a Fundamentals versus Emotion issue – Philippine economic fundamentals relative to the world and even Asia are good, and the banking system is stable, but Bloomberg 24×7 Television, local media reports, and cocktail party talk make people fear the worst, and then expect the worst.

We know however from experience that Filipinos are resilient and have survived the economic crises of the foreign debt moratorium in the 1980s and the Asian Crisis in the 1990s.

BPI remains well capitalized, strong, and prudent – and both our customers and the market analysts appreciate this. 2008 will show lower earnings than our banner year in 2007, and we must now worry about what 2009 will bring.

As in the past, this negative cycle will eventually pass, but in the meantime, we will have to prepare for the typhoon.

Let us all work together to take care of our customers, and in the process, keep BPI strong and our employees safe and secure in their jobs.

All the best,

Gigi Montinola

His message follows:


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First, a retaste of the popular documentary:

Now, more of Glenn Beck on his analysis of the fear mongering done by climate change lobbyists:

And a great treat, sentiments from the global warming messenger himself: Al Gore:

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In a leadership conference broadcast over C-Span, a student freshman asks a poignant question of popular author, Michael Crichton: “why do you say environmentalism is a religion?”

Crichton explains his view on the many parallels between the climate change movement as it stands today and the functions and characteristics of what is considered organized religion.

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