Enron

Quote for the Day

James Delingpole on the blatant manipulation of the temperature records:

If the temperature records on which the entire edifice of the international global warming industry is based are a busted flush then we have all been victims of a scam so vast and all-encompassing it makes Enron look like a model of modesty and integrity. It also raises the question – and I speak here, of course, metaphorically rather than literally: when are heads going to roll?

When indeed?

Delingpole’s entire article outlines the extent of the data fraud that is going on inside the global warming industry.

“Fiddling temperature data is the biggest science scandal ever,” says Christopher Booker, not pulling his punches. And I think he’s right not to do so. If – as Booker, myself, and few others suspect – the guardians of the world’s land-based temperature records have been adjusting the raw data in order to exaggerate “global warming” then this is indeed a crime against the scientific method unparalleled in history.

Sure you could make a case that Lysenkoism or  Hitler’s war to discredit “Jewish science” were more evil but these were confined to discrete geographical regions under specific totalitarian regimes. What’s so extraordinary about the manipulations to the global land-based temperature sets is that they affect every one of us, wherever we live.   Read more »

Young should embrace austerity now

The Telegraph

Niall Fergusson reckons young people should be welcoming austerity measures because it means they won’t be paying for the largesse later in life and that greedy old people are indenturing us by way of paying for their bills

Young people should welcome austerity measures because it means huge government debts are less likely to blight their futures, historian Niall Ferguson has said.

The economic historian, who is affiliated to Oxford and Harvard Universities, says wise young voters should insist politicians pay off debts as soon as possible for the benefit and security of their own financial interests.

Speaking at the Reith Lectures on Tuesday, Professor Ferguson will argue the “young should welcome austerity,” adding they “find it quite hard to compute their own long-term economic interests.”

In his first lecture, which will be broadcast on BBC Radio 4 on Tuesday, Prof Ferguson will insist the current public debt “allows the current generation of voters to live at the expense of those as yet too young to vote or as yet unborn.”

“It is surprisingly easy to win the support of young voters for policies that would ultimately make matters even worse for them, like maintaining defined benefit pensions for public employees,” he says in an article ahead of the lecture.

He adds: “If young Americans knew what was good for them, they would all be in the Tea Party.”

Professor Ferguson argues the true size of government debt in Western democracies is many times larger than “deeply misleading” figures issued in the form of bonds because they do not record unfunded liabilities of social security and health care schemes.

“The last corporation to publish financial statements this misleading was Enron,” he wrote.

“These mind-boggling numbers represent nothing less than a vast claim by the generation currently retired or about to retire on their children and grandchildren, who are obligated by current law to find the money in the future, by submitting either to substantial increases in taxation or to drastic cuts in other forms of public expenditure,” he said.

Tizard still snuffling at the trough

Judith TizardDumped former Auckland Central MP and minder of the former Prime Minister’s handbag has been spotted stuffing her face at the trough of public funds one last time.

Just three days after the election she attended the opening of the Auckland Festival 2009. She arrived in a ministerial BMW and swanned around like the “bloddy Queen Mother, only alive”.

Tizard it seems hasn’t yet come to grips with her ignominious dumping at the hands of Auckland Central voters in favour of a young, enthusiastic and energetic candidate.

She should get her rude awaking about 9am on Monday morning when she calls for the car and they tell her to FRO.

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