Posts Tagged
‘science’
by ilene - November 23rd, 2009 2:15 pm
This is another must-read post by Mish on science vs. propaganda. Unfortunately it seems that propaganda trumps science, at least long enough to cause immense damage. - Ilene
Courtesy of Mish
I received a lot of emails in response to Beware The Ice Age Cometh: Hackers Prove Global Warming Is A Scam
Many were from religious zealots of global warming theory, and as you might surmise they were not printable.
A few common sense comments came my way suggesting that the hackers or insiders (I believe the latter) did not prove global warming was a scam, only that that there is proof scammers are involved in global warming.
I have to admit that is true. Apologies offered. That admission aside, even more damning data has surfaced in regards to data manipulation.
The site Watts Up With That? has this interview with Dr. Tim Ball
It seems Dr. Tim Ball was aware of the data manipulation but could not prove it. Here is a partial transcript but I assure you the video is worth listening to entirely.
"[The Emails] confirm suspicions that I have had in 30 years of working in climate science that I saw the hijacking of climate science particularly by computer modelers and then by a small group of people associated with the intergovernmental panel on climate change. The difficulty was that even though I sensed there was these thing going on, proving it is extremely difficult. But now with the exposure of these public files it is not only a smoking gun, it’s a battery of machine guns. … On A global scale it’s frightening. This group of people not only controlled the Hadley Center which controls the global data on temperatures, so that the global temperature record is in their hands, they also control the IPCC. … The IPCC is the basis in all governments for the Kyoto Protocol, the Copenhagen Accord, and so on. ….. The problem they had is they kept saying the 20th century and the latter part of it is the warmest ever. And of course skeptics like myself [and several other names] were saying it was warmer 1000 years ago when the Vikings were in Iceland and Greenland and that’s why they decided they had to get rid of the Medieval Warm Period and they achieved that with the hockey stick.…

Tags: Al Gore, Cap and Trade, Crusade, Global warming, Global Warming Religion, interview with Dr. Tim Ball, Propaganda, scam, science, Watts Up With That?
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by ilene - November 21st, 2009 4:39 pm
Here’s more on the climategate story, from a few different perspectives. - Ilene

By Andrew Leonard at Salon
Climate skeptics claim hacked e-mails prove, once and for all, that global warming is a hoax
The climate-change obsessed blogosphere — including both those who accept the science behind anthropogenic climate change and those who deny it — is in an absolute uproar today after the revelation that an unknown party hacked into the computer system of an important climate research center and posted hundreds of private e-mails to a Russian FTP server.
To climate skeptics, the e-mails prove that global warming is a conspiracy theory. At Wonk Room, Brad Johnson rounded up the politicized reaction:
- If you own any shares in alternative energy companies I should start dumping them NOW," says the Telegraph’s James Delingpole.
- Hot Air’s Ed Morrissey claims the emails discuss "repetitive, false data of higher temperatures."
- The National Review’s Chris Horner salivates, "The blue-dress moment may have arrived."
- "The crimes revealed in the e-mails promise to be the global warming scandal of the century," blares Michelle Malkin.
- The Australia Herald-Sun’s Andrew Bolt claims the emails are "proof of a conspiracy which is one of the largest, most extraordinary and most disgraceful in modern [sic] science."
RealClimate, a blog maintained by real climate scientists, is busy doing damage control. This story will no doubt rage for weeks, so I’m just going to pick one example of the back and forth before trying to take some time to go deeper, if merited…
So what’s going on here? Put aside the question of whether the words "trick" or "hide" have nefarious or innocuous meanings. The scientific problem is that in attempting to reconstruct temperatures in the past, climate scientists are often faced with the problem that there were no humans standing around holding thermometers and writing down temperatures. So scientists use "proxies" — tree rings, or ice cores, or fossilized clams, or lake pollen trapped in sediment…
Overall, the more data we have, the more clear it has become to the vast majority of scientists working in this field that the earth has gotten significantly hotter at an alarming rate in the last century, most likely due to increased concentrations of greenhouse gases in the atmosphere. And if there really is a smoking gun in the hacked e-mails that convicts scientists of fraudulent behavior or faking data, well, let’s hear it…
See Also:
By Juliet Eilperin, Washington Post
Scientists’…

Tags: 'Anthropogenic Global Warming', climate-gate, emails, Global warming, Hadley CRU files, realclimate, Scandals, science
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by ilene - November 6th, 2009 1:26 am
By guest author Terry Doherty and Ilene, your editor
Terry Doherty is the Research Program Coordinator in the Depts of Biomedical Sciences and Academic Affairs at Cedar Sinai in Los Angeles, California.
Double-Edged Sword: Swine Flu and Vaccines
There’s plenty that is unknown about the swine flu and the swine flu vaccine. If searches on the internet are any indication, deciding whether or not to be vaccinated may be a tough, emotionally charged decision for many people. So how - without having the background to write a swine flu grant proposal, conduct the research, and get the thing published in the New England Journal of Medicine - do we decide whether or not to get a swine flu shot?
One way is to attempt to evaluate and weigh the risks of the vaccine against the risks of the flu. That is how I approach the subject, but it’s easier said than done. As is often the case with medical interventions, the risks are not fully known. And even if we could carefully assess the risks, our underlying assumptions may be wrong. Percent risks are averages collected by studying large populations. We may not be one of the statistical average. Then there are the gaps in the available data, and own biases and belief systems. Our view of the world affects our analysis and often we are not even aware of how large of an effect those biases may play.
In Vaccine War: Autism, Flu and Science, TIME, Maia Szalavitz discusses how emotion and biases play a large part in our risk-benefit assessments:
Just in time for the national roll-out of the new H1N1 flu vaccine, Wired Magazine and the Atlantic have weighed in on the ongoing vaccine war: Wired has a profile of Paul Offit, a vaccine researcher and pediatrician who has consistently spoken out in favor of vaccination and pointed to the lack of evidence linking vaccines and autism; the Atlantic checks in with a piece questioning the science suggesting that flu vaccines and antiviral drugs prevent people from dying.
Both articles have elicited heated debate all over the Web: Amy Wallace, who wrote Wired’s piece, excerpted below, has received vitriolic criticism and attacks from vaccine opponents, setting records for page views…
This debate over vaccination doesn’t seem likely to end any time soon. For critics, vaccines have become a touchstone for cultural anxieties and a not entirely unjustified mistrust of government and big business. No matter what evidence researchers provide supporting the safety of vaccination and its clear benefit to global public health, opponents…

Tags: death rate, Does the Vaccine Matter?, Guillain-Barre Syndrome, incidence, Jon Stewart, Lancet, risks, science, seasonal flu, should I get the swine flu vaccine?, side effects, swine flu, vaccines
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by ilene - October 29th, 2009 3:06 pm
Vaccines: where does science end and profit motive begin? Maia Szalavitz argues, and I agree, that these are scientific questions and we need to conduct scientific research - not rely on preconceived views—to answer the questions. - Ilene
By Maia Szalavitz, Courtesy of TIME
Just in time for the national roll-out of the new H1N1 flu vaccine, Wired Magazine and the Atlantic have weighed in on the ongoing vaccine war: Wired has a profile of Paul Offit, a vaccine researcher and pediatrician who has consistently spoken out in favor of vaccination and pointed to the lack of evidence linking vaccines and autism; the Atlantic checks in with a piece questioning the science suggesting that flu vaccines and antiviral drugs prevent people from dying.
Both articles have elicited heated debate all over the Web: Amy Wallace, who wrote Wired’s piece, excerpted below, has received vitriolic criticism and attacks from vaccine opponents, setting records for page views.
Describing death threats and attacks on Offit, Wallace writes:
So what has this award-winning 58-year-old scientist done to elicit such venom? He boldly states — in speeches, in journal articles, and in his 2008 book Autism’s False Prophets — that vaccines do not cause autism or autoimmune disease or any of the other chronic conditions that have been blamed on them. He supports this assertion with meticulous evidence. And he calls to account those who promote bogus treatments for autism — treatments that he says not only don’t work but often cause harm.
While the Wired article has been attacked by advocates, the Atlantic’s article has been slammed by several blogs written by scientists. The authors, Shannon Brownlee and Jeanne Lenzer, reply to their critics here (scroll down). The scientists take issue with their argument that the scientific evidence does not support the use of the flu vaccine and antiviral medications like Tamiflu, detailed below
Brownlee and Lenzer ask:
… what if everything we think we know about fighting influenza is wrong? What if flu vaccines do not protect people from dying—particularly the elderly, who account for 90 percent of deaths from seasonal flu? And what if the expensive antiviral drugs that the government has stockpiled over the past few years also have little, if any, power to reduce the number of people who die or are hospitalized? The U.S. government—with the support of leaders in the public-health and medical communities—has put its faith in the power of vaccines and antiviral drugs to limit the spread and lethality…

Tags: Amy Wallace, Autism, controversy, flu, H1N1, Paul Offit, science, swine flu, thimerosal, Vaccination
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by ilene - August 31st, 2009 10:55 pm
Courtesy of Tim at The Psy-Fi Blog
Tags: ancient science, biases, higher cognitive functions, human mind, intuitions, irrationality, science, stocks, supernatural, superstition
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by ilene - June 12th, 2009 8:02 pm
Courtesy of Edward Harrison of the site Credit Writedowns.
During the last generation, the economics profession has veered toward a ‘science’ model of economics and finance. The intellectual underpinnings for this development began with the Efficient Market Hypothesis (EMH) and has continued in no small measure due to what is often termed ‘University of Chicago School Economics.’ If you are looking for a good read on what is wrong with the EMH view of the world, you should get ready for Justin Fox’s “The Myth of the Rational Market” which is coming to a bookstore near you.
My own view is that many economists today are really frustrated scientists looking to ply their science and math craft in economics. In reality, economics is a social science with large influences from psychology and the scientific view ignores this. However, the fact that psychology plays a large role in economics is something that is increasingly appreciated, as the Nobel Prize received by Daniel Kahneman attests.
So, I am not going to discuss EMH or rational markets. Rather I want to delve into the psychology of economic forecasting and why economists act as they do. Late last month, I posted an article with an attached video in which Marc Faber made the very astute comment, “it’s very tough for a forecaster who was ultra-bearish to stay bearish, because if he’s wrong he has a reputational risk.” What I believe Faber was saying is this: an economist who is proved wrong is an economist who loses credibility. This statement is at the heart of economic forecasting.
What Faber is giving voice to is the very real concern that any economic forecaster feels in making a prediction. If one is proved right, then plaudits will follow. If one gets it wrong, the Bronx cheer is what you are likely to get. This is true for macroeconomists as much as for Wall Street analysts. I will give you two examples from Wall Street to illustrate my point.
Henry Blodget: Amazon to $400
In October of 1998, Blodget predicted that Amazon’s stock would soar to $400 a share. At the time, he was a little known analyst at Oppenheimer, the same company for which Meredith Whitney worked until recently. His Amazon prediction propelled Blodget to a much higher status and attracted the attention of Merrill Lynch, the bulge bracket firm to which he moved for a huge salary. Clearly, making a bold call that…

Tags: economists, Efficient Market Hypothesis, psychology of economic forecasting, science
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March 18th, 2010 4:46 pm
Here's an excellent discussion on the economy and China. We present many views here, and Pragcap's are some of the most thoughtful and balanced. And if you haven't yet, check out Op-Toon's Review (fun images and satirical commentary). - Ilene
IS CONGRESS ABOUT TO DERAIL THE ECONOMY?
Courtesy of The Pragmatic Capitalist
The United States government has made a curious series of interventionist moves over the course of the last 18 months. Some have been beneficial, but not surprisingly, few of these policies are actually helping the economy recover from the Great Recession.
As I’ve previously mentioned, Keynesianism can work.&nb...
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March 18th, 2010 3:24 pm
Courtesy of Tyler Durden
Flyonthewall.com, which is a news aggregator service (much like most of the blogosphere these days, but without the snarky commentary), and is hosted on Zero Hedge, has just seen a major driver of its business model cut off, after several banks just won an injunction that blocks Fly from notifying its clients when a bank may have issued a research event such as an Upgrade or, on those extremely rare occasions nowadays, Downgrade. The banks who feel violated by everyone getting access to information about their sellside detritus contemporaneously, not just wealthy accounts and wire services, are Barclays, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley. As Bloomberg reports, "U.S. District Judge Denise Cote in New York today granted a request for an injunction sought by the three bank...
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March 18th, 2010 2:53pm
Yes, we've had some bad weather in the East. But with the ending of Winter and the onslaught of Spring, natural gas futures fell to their lowest level in about four years. If you look at a chart of natural gas, you will notice that since July of 2008, gas has been in a constant downtrend. However, the natural gas stocks, utilities, and publicly traded limited partnerships have been bouncing all over the place during the last couple years.
Income investors like natural gas stocks for several reasons. First, they pay a decent dividend with over 15 paying more than 4%. Second, they provide diversification from electric utilities. The average price to earnings ratio for all these stocks is less than 15. And in terms of gas stocks, in addition to natural gas companies, investors can...
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March 18th, 2010 9:34 am
Yesterday, we got into an Overnight Trade of the Day in New York & Co. (NWY) at 4.34. We a...
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By Andrew Wilkinson
March 18th, 2010 4:21 pm
Today’s tickers: C, ERTS, ATVI, DNDN, HIG, DD, RCL, SFD & AMR
C - Citigroup, Inc. – One investor established a mammoth bullish stance on Citigroup in the first 20 minutes of the current trading session. Citigroup’s shares at the time of the transaction were trading at approximately $4.05, but have since slipped lower and are down 0.50% to $4.03 as of 2:45 pm (ET). It looks like the Citi-bull sold 240,000 put options outright at the April $4.0 strike to take in a premium of $0.16 per contract. Premium received on the sale, which represents maximum potential profits, amounts to $3.840 million to the investor if Citigroup’s shares trade above $4.00 through expiration day. The short stance in put options implies the investor is willing to have 24 million shares of the underlying stock put to him at an effective price...
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March 15th, 2010 6:49 pm
By Ilene
Let's take a look at Insider Buying and Selling over the last week or so. These are screen shots from Finviz - the significant buys against a green background first and significant sells against the pink background second. All the buys fit into my screen shot but the sells did not. Click here to see all the sells.
Note that the largest buy in the group, for KITD was at a price of 9.73 (KITD is currently at 11.54). The buy was part of an Equity Offering rather than an open market purchase. Tuzman Kaleil Isaza's (KITD's Chairman and Chief Exec. Officer) history of buys is http://www.insidercow.com/
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March 15th, 2010 8:55 am
This post is for live trades and daily comments.
To learn more about the swing trading portfolio (strategy, membership etc.), please click here
- Optrader
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