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Climate Change

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Market Watch

The U.S. Chamber of Commerce, the largest nonprofit business group in the world, is seeking to have the facts of climate change put on trial -- to the delight of some of its members and the chagrin of others. The chamber petitioned the Environmental Protection Agency seeking proof of the agency's finding that climate change poses a public threat. In papers filed in federal court just two weeks ago, the chamber says "that a proceeding on the record is necessary to narrow the areas of scientific uncertainty, to permit a credible weighing of the scientific evidence, and to enable submitters of proof to demonstrate the falsity of some key erroneous claims."

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AP

Suddenly and without warning, the gigantic river of ice sped up, causing it to spit icebergs ever faster into the ocean off southeastern Greenland.  Helheim Glacier nearly doubled its speed in just a few years, flowing through a rift in the barren coastal mountains at a stunning 100 feet (30 meters) per day.

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CNS

Todd Stern, now the State Department’s special envoy for climate change, once pushed for the creation of an annual “E8” summit to address environmental issues. As the administration’s point man climate issues, Stern represents the United States in international environmental negotiations. One of his biggest upcoming negotiations will be the annual United Nations Conference on Climate Change, which will take place in Copenhagen this December. As CNSNews reported in April, delegates to the Copenhagen conference will be negotiating a new global climate change treaty.

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arclein

Nobody disputes the two hundred year rise in temperature, except that it is better explained as a rebound from the little ice age. This leaves us exactly nowhere when is comes to current interpretation. We must wait for follow up to this little bit. This item may be the recent rehash of the Mann report that is just as flawed but has been going the rounds. (that was the report that floated the famous hockey stick) The recent effort got panned for the same reasons.

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OC Register

Anticipating hundreds of millions of dollars a year in greenhouse gas fees collected from California businesses, the Legislature is planning to redistribute much of the bounty to the state's "most impacted and disadvantaged communities." Perhaps a bill pending in the state Senate reveals the motive of feel-good legislative efforts to fight global warming: a massive redistribution of wealth. Assembly Bill 1405 calls for 30 percent of new fees raised under global warming regulations yet to be drafted to go to a Community Benefits Fund to be used in specially selected communities, based on specific criteria also yet to be drafted. A Senate analysis says anticipated new rules by the state Air Resources Board allow revenue from fees imposed on greenhouse gas emitters to pay for the board's administrative costs, but not for "climate-change-related mitigation activities." AB 1405, authored by assembly members Kevin de Leon, D-Los Angeles, and V. Manuel Perez, D

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CBS

Americans, you might want to check on their sweaters and shovels _ the Farmers' Almanac is predicting a cold winter for many of you. The venerable almanac's 2010 edition, which goes on sale Tuesday, says numbing cold will predominate in the country's midsection, from the Rocky Mountains in the West to the Appalachians in the East. Managing Editor Sandi Duncan says it's going to be an "ice cold sandwich." "We feel the middle part of the country's really going to be cold _ very, very cold, very, very frigid, with a lot of snow," she said. "On the East and West coasts, it's going to be a little milder. Not to say it's going to be a mild short winter, but it'll be milder compared to the middle of the country." The almanac, which has been published since 1818, issues annual forecasts using a formula based on sunspots, planetary positions and the effects of the moon. This winter, the 200-page publication says it**Q*

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The Business Insider

It will be HUGE for people like gore too the rest of us will pay through the nose! Now the story... The cap and trade bill will be huge business for investment banks, leading to a boom in M&A and underwriting activity, says Kyle Stock on the WSJ's Deal Journal blog. In particular, U.S. industrial companies will begin to look more attractive to companies in Europe, which has had a carbon market since 2005. While the U.S. power market has long looked good to foreigners, because Americans buy a relatively large amount of electricity per-capita and the regulatory structure here lends itself to rate increases, European companies have shied away from acquisitions because of the carbon question mark. They would likely be bolder if carbon had a price and a fixed supply.

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Space.Com

Weather patterns across the globe are partly affected by connections between the 11-year solar cycle of activity, Earth's stratosphere and the tropical Pacific Ocean, a new study finds. The study could help scientists get an edge on eventually predicting the intensity of certain climate phenomena, such as the Indian monsoon and tropical Pacific rainfall, years in advance. The sun is the ultimate source of all the energy on Earth; its rays heat the planet and drive the churning motions of its atmosphere. The amount of energy the sun puts out varies over an 11-year cycle (this cycle also governs the appearance of sunspots on the sun's surface as well as radiation storms that can knock out satellites), but that cycle changes the total amount of energy reaching Earth by only about 0.1 percent. A conundrum for meteorologists was explaining whether and how such a small variation could drive major changes in weather patterns on Earth. Earth-space connection

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Yid With Lid

General Electric has been investing in President Obama and his democratic party since the beginning of the primary season over two years ago. They even pushed their TV networks to be in the tank for the POTUS and the SCHMOTUS (Biden) and their policies. That "tinkle down my leg" news coverage has paid off big for NBC News' parent company. By taking advantage of its ownership of two tiny banks in Utah, GE has been able to issue $80 Billion dollars worth of federally backed loans about one out of every four dollars available in the program. And true to being a friend of the President, General Electric didn't have to go through any of the burdens other participants had to go through like the financial stress test. Nor did they have to worry about any those pesky salary/compensation limits so Jeffrey Immelt and the senior management didn't have to worry about the $14-18,000,000 in compensation they make. But all that is Small potatoes, GE is uniquely positi

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Washington Blog

I have repeatedly argued that - no wonder what you think about climate change - carbon trading (a type of cap-and-trade scheme) is a scam. Now, according to the Wall Street Journal, the economists who invented the entire cap-and-trade concept say it probably won't work in regards to climate change. Whatever you think about global warming, carbon trading is a scam which will only create a new profit-making machine and speculative bubble for Goldman Sachs, JP Morgan and the rest of the boys who caused the financial crisis.

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Dirty Rotten Scoundrels

There is a lot more information being found out about in the cap and trade bill, which is turning out to be more of a nightmare that you or I might have thought back in January. Jamie Dupree who works with Neal Boortz is the man with the plan on this bill – he is tracking down all sorts of weird, wild and whacked out stuff that you have to read to believe. Think that the billions already going to Acorn is all that they are getting? Think again. I’ve heard rumors, though I haven’t personally seen the articles YET that confirm that Bawney Fwank is trying to send another 1.5 billion to them. That’s not all. Jamie Dupree found this in the Crap and Paid bill: “The American people will see tax dollars go to so-called community development organizations like ACORN, to teach low-income residents how to live in accord with the worldview of the Environmental Left,” scowled a news release yesterday from Congressional critics of the Cap and Trade bill. Sure enough, there are 1

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arclein

From the barren Arctic shore of this village in Canada's far northwest, 1,500 miles (2,414 kilometers) north of Seattle, veteran observer Eddie Gruben has seen the summer ice retreating more each decade as the world has warmed. By this weekend the ice edge lay some 80 miles (128 kilometers) at sea. "Forty years ago, it was 40 miles (64 kilometers) out," said Gruben, 89, patriarch of a local contracting business.

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The Business Insider

Leading up to the vote on the climate bill, 1,150 business and interest groups lobbied Congress on climate issues, spending an estimated $27 million or more, according to a report from watchdog group, the Center For Public Integrity. Of that, 460 of the lobbying groups were formed in the second quarter of this year, just to focus on shaping the bill. Everyone got in on the lobbying action from universities to farm hands to religious groups. Hadassah, the Women's Zionist Organization of America, as well as the National Advocacy Center of the Sisters of the Good Shepherd lobbied on the bill for a year. This prompted Americans United for Separation of Church and State to jump into the fray in the second quarter to make sure that religious groups didn't get subsidies to make their places of worship eco-friendly.

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NYT

A decade ago, General Electric was the shining star of American business. Its longtime chief executive, Jack Welch, was named manager of the century by Fortune Magazine, and its stock seemed always to go up. The S.E.C. complaint makes it sound as if those days came back, assuming they ever left. It tells of corporate accountants discovering misstatements and secret side deals, and of more senior executives telling them to sign off on the books anyway. It outlines four separate violations, two of which it says descended to the level of fraud. It is notable how this investigation came to be. Post-Enron, the commission used its authority to look at G.E.’s books to figure out whether there were violations in the area of so-called hedge accounting, which determines whether companies can avoid reporting profits and losses from a variety of derivative securities. The commission evidently found three violations, two in hedge accounting and the other in an Enronesque scheme to inflate

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Forbes

Nothing is perhaps more pathetic than the exertions of economic developers and politicians grasping at straws, particularly during hard times. Over the past decade, we have turned from one panacea to another, from the onset of the information age to the creative class to the boom in biotech, nanotech and now the "green economy." This latest economic fad is supported by an enormous industry comprising nonprofits, investment banks, venture capitalists and their cheerleaders in the media. Their song: that "green" jobs will rescue our still weak economy while saving the planet. Ironically, what they all fail to recognize is that the thing that would spur green jobs most is economic growth. All told, green jobs constitute barely 700,000 positions across the country--less than 0.5% of total employment. That's about how many jobs the economy lost in January this year. Indeed a recent study by Sam Sherraden at the center-left New America Foundation finds that, for the

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arclein

That's not an oversight. Telling people to give up burgers doesn't poll well. Ben Adler, an urban policy writer, explored that in a December 2008 article for the American Prospect. He called environmental groups and asked them for their policy on meat consumption. "The Sierra Club isn't opposed to eating meat," was the clipped reply from a Sierra Club spokesman. "

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American Thinker

Goldman Sachs, the Wall Street leviathan that is heavily invested in the cap-and-trade carbon market scam, has admitted it has developed and used software that can manipulate such financial markets. The revelation came during proceedings in a legal case with enough plot twists to make even John Grisham proud; it was made, not by Goldman, but by an assistant U.S. Attorney.

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Newsbusters

Newsweek magazine had yesterday a web exclusive entitled "What Green Jobs?" Subtitled: "Washington is spending $60 billion to create the careers of the future, but not a single green job yet exists. Obama's 'green czar' explains." The Leftist publication deserves some plaudits for exploring this $60 billion gaping hole in the $787 billion "stimulus" package President Barack Obama signed into law in February. But there are many points in the article where they could have done better. It would have been nice, for instance, if Newsweek had exhibited some of the scrutiny they show here in advance of the massive plan's passage. They begin with an interesting realization:

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