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Global Economy Bursting?

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Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

"That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps......But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants' incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place."
 
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Treasury Chief Warns of New World If US Defaults on Any Bills

http://www.moneynews.com/StreetTalk.../2013/04/25/id/501411?s=al&promo_code=134AA-1

Lew was responding to questions about a bill in the U.S. House of Representatives that would prioritize payments on government bonds and Social Security if the United States hits its debt limit, in order to avoid a credit default.

If passed, the law would make it easier for Republicans to use a fight over the nation's legal borrowing limit, known as the debt ceiling, to try to extract spending cuts from President Barack Obama.
 
Treasury Chief Warns of New World If US Defaults on Any Bills

http://www.moneynews.com/StreetTalk.../2013/04/25/id/501411?s=al&promo_code=134AA-1

Lew was responding to questions about a bill in the U.S. House of Representatives that would prioritize payments on government bonds and Social Security if the United States hits its debt limit, in order to avoid a credit default.

If passed, the law would make it easier for Republicans to use a fight over the nation's legal borrowing limit, known as the debt ceiling, to try to extract spending cuts from President Barack Obama.

feed the pigs
 
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New Discovery: NASA Study Proves Carbon Dioxide Cools Atmosphere

http://principia-scientific.org/sup...y-proves-carbon-dioxide-cools-atmosphere.html

A recent NASA report throws the space agency into conflict with its climatologists after new NASA measurements prove that carbon dioxide acts as a coolant in Earth's atmosphere.

NASA's Langley Research Center has collated data proving that “greenhouse gases” actually block up to 95 percent of harmful solar rays from reaching our planet, thus reducing the heating impact of the sun. The data was collected by Sounding of the Atmosphere using Broadband Emission Radiometry, (or SABER). SABER monitors infrared emissions from Earth’s upper atmosphere, in particular from carbon dioxide (CO2) and nitric oxide (NO), two substances thought to be playing a key role in the energy balance of air above our planet’s surface.

NASA's Langley Research Center instruments show that the thermosphere not only received a whopping 26 billion kilowatt hours of energy from the sun during a recent burst of solar activity, but that in the upper atmospheric carbon dioxide and nitrous oxide molecules sent as much as 95% of that radiation straight back out into space.

The shock revelation starkly contradicts the core proposition of the so-called greenhouse gas theory which claims that more CO2 means more warming for our planet. However, this compelling new NASA data disproves that notion and is a huge embarrassment for NASA's chief climatologist, Dr James Hansen and his team over at NASA's GISS.

Already, the International Panel on Climate Change (IPCC) has been in full retreat after having to concede a 17-year stall in global warming despite levels of atmopheric CO2 rising almost 40 percent in recent decades. The new SABER data now forms part of a real world double whammy against climatologists' computer models that have always been programmed to show CO2 as a warming gas.

A recent flurry of eruptions on the sun did more than spark pretty auroras around the poles. NASA-funded researchers say the solar storms of March 8th through 10th dumped enough energy in Earth’s upper atmosphere to power every residence in New York City for two years.

“This was the biggest dose of heat we’ve received from a solar storm since 2005,” says Martin Mlynczak of NASA Langley Research Center. “It was a big event, and shows how solar activity can directly affect our planet.”

a) Your source: Principia Scientific. This group's mission is to present evidence against climate science and therefore could be considered biased to that end.
b) the info they are referring to is not new but released by NASA in March, 2012. http://science.nasa.gov/science-news/science-at-nasa/2012/22mar_saber/ and
c) even another group whose mission is climate change denial (WattsupwithThat) has denounced their info as misleading (yes the thermosphere containing CO2 reflects solar energy thankfully or we would be toast, but in the lower atmosphere that reflection direction is reversed.)

WattsupwithThat synopsis:

"I loathe having to write this story because I truly dislike giving any attention to the people who are known as the “slayers” from the “Slaying the Sky Dragon” book. They now operate under the moniker of “Principia Scientific”. But, somebody has to do it because some really bad mangling of the intent of a NASA press release by the “slayers” group is getting some traction. They have completely misread the NASA study and reinterpreted it for their purpose, claiming in a story titled “New Discovery: NASA Study Proves Carbon Dioxide Cools Atmosphere” :
It isn’t, it is a twisting of the facts in a press release about solar flares and the thermosphere to make it look like the lower atmosphere works the same way. To some extent it does, but the direction of the source of LWIR energy is reversed, and CO2 and other GHG’s impede the transfer of LWIR energy to the top of the atmosphere where it is finally re-radiated into space."
http://wattsupwiththat.com/2013/03/...es-and-the-thermosphere-is-making-the-rounds/

If the media did report on their story, it was totally misleading based on the original article.
 
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Climate scientists come to terms with the lack of global warming

http://dailycaller.com/2013/04/26/climate-scientists-come-to-terms-with-the-lack-of-global-warming/

Despite the heated rhetoric from the Obama administration and environmental groups about the urgency of global warming, climate scientists have begun to come to terms with the lack of evidence of catastrophic global warming over the last decade.

“While some climate scientists continue to resist the obvious that the climate system is more complex than they assumed, others are starting to accept that the multi-decadal climate projections provide very incomplete simulations has to how the real climate system works,” Roger Pielke, Jr., environmental studies professor at the Center for Science and Technology Policy Research at the University of Colorado at Boulder, told The Daily Caller News Foundation.

Establishment media outlets have been reporting about the unexpected stabilizing global surface temperatures over at least the last decade, and even former NASA scientist and environmental activist James Hansen has recognized the decade-long lull.

This has frustrated some environmentalists who recently sent a letter to major news networks urging them to have more coverage on global warming, and to stop portraying the issue as a “two-sided debate” by featuring global warming skeptics.

“The divergence of the real world observations from the multi-decadal climate predictions, both in terms of forecasting the magnitude of global warming and of changes in regional climate, is finally initiating a much overdue scientific debate on the level of our knowledge of the climate system,” Pielke added. “While there is no doubt that humans are altering the climate system, it is in a diverse variety of ways besides that caused by adding greenhouse gases such as C02.”

Pielke said that climate scientists are beginning to recognize that the natural climate forces and feedbacks play a larger role than previously thought.

“This is a highly complex calculation to make in the first place. The short period of time, only 10 years in which the increasing temperature has leveled, really doesn’t tell us very much other than the fact that temperatures may still be rising but just not as fast as they were before,” said Elgie Holstein, the senior director for strategic planning at the Environmental Defense Fund, told Fox News.

The mainstream media cannot maintain the official man-made global warming narrative any longer,” Marc Morano of the climate skeptic website ClimateDepot.com told TheDC News Foundation. “With the lack of warming and the failure to shift the climate debate to ‘extreme weather,’ warmists are now losing once stalwart members of the media in promoting man-made climate fears.”

A study by Norwegian researchers from earlier this year found that global warming is less severe than was predicted by the United Nations climate authority. In fact, studies have been lowering their warming forecasts since the 2007 UN estimate.

In a Washington Times op-ed, Cato Institute climate scholar Patrick Michaels provides a partial list of studies that have made estimates lower than the UN:

“Richard Lindzen gives a range of 0.6 to 1.0 C (Asia-Pacific Journal of Atmospheric Sciences, 2011); Andreas Schmittner, 1.4 to 2.8 C (Science, 2011); James Annan, using two techniques, 1.2 to 3.6 C and 1.3 to 4.2 C (Climatic Change, 2011); J.H. van Hateren, 1.5 to 2.5 C (Climate Dynamics, 2012); Michael Ring, 1.5 to 2.0 C (Atmospheric and Climate Sciences, 2012); and Julia Hargreaves, including cooling from dust, 0.2 to 4.0 C and 0.8 to 3.6 C (Geophysical Research Letters, 2012).”

It’s appropriate to jump off a ship when it begins to take on water,” Michaels said. “If you look at the monthly temperature anomalies from the University of East Anglia you see no significant trend in any direction going back to the fall of 1996 which would put us at 17 years of no trend.

“These are not good times for the promoters of global warming,” said Morano. “Earth is failing to follow global warming predictions and the new study claiming current temperatures are the ‘hottest ever’ may be facing a full scientific retraction. The great warmist retreat has officially begun.”
 
Banks Resist Strict Controls of Foreign Bets

http://www.nytimes.com/2013/05/01/b...?nl=todaysheadlines&emc=edit_th_20130501&_r=0

Wall Street bankers and some of the world’s top finance ministers are waging a bitter international campaign to block Washington financial regulators from extending their policing powers far beyond the nation’s shores.

The effort — centered on oversight of the $700 trillion marketplace of the financial instruments known as derivatives — is just one front in the battle still being waged nearly three years after Congress passed the Dodd-Frank law, which revamped financial regulations in the United States in hopes of curtailing the risky trading practices blamed for the global financial crisis in 2008.
 
Welcome to California: Fuel consumption declines, fuel taxes increase

http://www.signalscv.com/section/36/article/95030/

California’s gasoline consumption declined 1.7 percent, while diesel consumption declined 0.4 percent in the fourth quarter of 2012, according to fuel tax data released by George Runner, Second District Member of the California State Board of Equalization (BOE).

“Californians are buying less gas but paying more tax,” said Runner. “Even with falling consumption, Californians paid a record $8.3 billion in fuel taxes last year. That may be good news for government bureaucrats, but it’s a raw deal for overtaxed Californians.”

In California, the average price of gasoline in the fourth quarter of 2012 was $3.99 per gallon, which is a 19 cent increase over the average price of $3.80 per gallon in the fourth quarter of 2011.
 
Welcome to California: CALIFORNIA GENDER IDENTITY BILL FOR SCHOOLS

http://kfyo.com/california-gender-identity-bill-for-schools/

A proposed law introduced in the California State legislature would allow public school children to use bathrooms designated for members of the opposite sex, if that students’ “gender identity” differed from the students biological sex.

Assembly Bill 1266, introduced by Democratic Assemblyman Tom Ammiano, who represents a section of the city of San Francisco would:

“…require that a pupil be permitted to participate in sex-segregated school programs and activities, including athletic teams and competitions, and use facilities consistent with his or her gender identity, irrespective of the gender listed on the pupil’s record.”
 
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