Congress getting in on Climategate...or a Partisan Gesture?
http://www.cbsnews.com/blogs/2009/11/24/taking_liberties/entry5761180.shtmlThe leaked documents (see our previous coverage) come from the Climatic Research Unit of the University of East Anglia in eastern England. In global warming circles, the CRU wields outsize influence: it claims the wor

My Thoughts on Global Warming
When it comes to global warming, there are a few things I can say for certain.1.  The largest macro-trend in temperature right now is that there is indeed global warming.  This being said, the planet has cooled slightly in the past 11 years.  This is shown in both land-based and satellite-based temperature readings.  Satellite-based readings are said to more accurately gage increases due to the greenhouse effect.  Ironically, such readings are lagging rather than preceding land-based readings, suggesting warming may not be clearly due to the greenhouse effect.2. &

ClimateGate Breaks: Global Warming Scientists Corrupt
Just in case you missed this bit of news (I doubt the mainstream media will dwell on this during "Green Week"), the merit of man-made global warming theories face new scrutiny.  Some hackers stole a whole lot of documents and emails from East Anglia University's Climate Research Unit (CRU), whose researchers are major backers of anthropogenic global warming theories.  The stolen materials are evidence of various unethical practices, obvious bias, and efforts to stifle honest debate.  Such efforts go as far as refusing to share data with "dissenting" scientists, discussio

Securitization in our Banking System
This article seems to clarify a bit about the process of securitization, which surrounded the collapse of Bear Sterns and Lehman Bros. It can get a bit dense, but the essential points are quite clear. The author fails to mention one point I believe is very pertinent. Monetary inflation helps decrease the real cost of servicing debt by devaluing the monetary unit. Thus, a similar level of credit expansion without monetary inflation implies a higher level of credit risk. Looking at true money supply figures, which exclude credit (M1, M', AMS, TMS) money supply growth seems to taper off in 2005, along with the growth rate of the monetary base. Yet, credit continues

Who’s Responsible for Job Growth?
Today I saw a post in Market Watch about the U.S. government being responsible for job growth. It brought to mind several realizations I’ve personally had over the past year.When I applied for and won my current job, some people questioned the rationale behind accepting a position in the software industry. A small company? How many people work there? Are you crazy? What makes you think software will be any more viable than anything else – and what about benefits?I suppose I took a chance when taking this position, but in doing so, while cuttin