Juker's blog

The $6B homebuilders tax break

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I've got to dress this up for faxing, but it is going to my Senators and Reps by Monday. Improvements requested. My writing won't improve but I welcome suggestions on strategic technique to increase my influence above 0.00000001%

-------

Senators X and Y
via FAX
RE: the homebuilders tax break

You have got to be kidding!

I subcribe to the theory going around...

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that while McCain was a Vietnam POW he was brainwashed... like the Manchurian Candidate (pun alert!)

Many years ago, a deep slow voice...

- YOU WILL PASS McCAIN FIENGOLD...

- YOU WILL PASS McCAIN KENNEDY FOR THE MEXICAN INVASION...

h/t: Boortz, responding to an idiot caller

Bleg for an "R" tutor

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I gather there are some econ types here, so let me give this a shot. Maybe it is hopeless at my age, but for a year I have been struggling to learn both statistics and the statistics package "R".

If anyone knows a starving senior or grad econ/stat student that needs a few bucks on the side, maybe $20-30 per hour (please tell me what's fair), let me know at this addy:

jam [doh] wellfunction.com

Must know and actually use R and not some other stat pack. Also ANOVA, bootstrapping/monte carlo, and perhaps very basic time series analysis.

I cannot guarantee how much time. Sometimes 20 hrs a month but often zero.

Reply to Jim Miller on current temperatures

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(Here is a slightly edited reply to the Jim Miller on Politics blog. Notice I've linked to the Forvm!)

Dear Mr. Miller:

In your recent blog post, Here's an Inconvenient Fact, you write about the recent temperature trend and say that you will be posting a chart for discussion. If I may, let me head you off at the pass a little bit. For the record, I am not a climatologist but have a science background and follow the debate closely. Also for the record, I can be described as a global warming skeptic.

One factoid has been misused by both sides: global temperatures in 1997/1998 were anomalously warm due to a strong El Niño. This event is clearly observed in the satellite temperature measurements as well as ground observations (see chart below). At the time, the warming crowd pointed to the high temperatures but conveniently did not mention the El Niño, which was known to them. Similarly, those on my side of the debate are now saying that the atmosphere has cooled in the last decade or since 1998. Well, that is cherry picking. The truth is that the El Niño and La Niña Southern Oscillation has nothing to do with greenhouse warming and everything to do with oceanic and atmospheric circulation patterns. Of course temperatures are lower now than in 1998. My Mom is taller than me when she's standing on a chair, too.

Are even Munis safe?

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I just covered my MBIA short (symbol: MBI). Yesterday S&P reaffirmed MBIA's credit rating but lowered its outlook. It is down 25-30% today. It is probably headed lower but I always take a sudden windfall like this.

A couple of weeks ago Moody's announced MBIA was not meeting capital requirements and that MBIA's rating might itself be downgraded. Then, the private group Pincus something or other announced they were providing MBIA with 1 Billion of capital. This sent the stock up 25%, but in 2 days time this move was all sold off, and then some. I guess a Billion isn't what it used to be.

Herb Saffir, RIP

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I just learned that Herb Saffir of Saffir-Simpson Hurricane Scale fame passed away last week at the age of 90. I will put aside my snide anti-AGW rants in honor of a man that by all accounts was a tireless advocate for public safety. A nice write-up on him is here.

And here is a guest post by Mr. Saffir to Roger Pielke Sr.'s Climate Science weblog not long after Katrina:

Random Market Madness

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Let's see, the largest bank in the U.S., Citigroup, raises $7.5 billion from Abu Dhabi and by today's standards pays an almost usury rate of 11%. This is supposed to be GOOD news???

Mr. Market says yes, it is. The Dow was up 215 today. In a strange disconnect, C was down 1.3%.

I guess C needed the money and the corner Cambiamos Cheques franchise didn't quite have enough. Or as someone wrote today, This makes C the world's largest sub-prime borrower. :)

Speaking of dead cats, here's what I think:


About that Medieval Warm Period

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Dr. Craig Loehle of the National Council for Air and Stream Improvement (NCASI.org) decided to find out what past temperatures look like without using tree ring proxies, which in some circles are increasingly problematic. He looked at 18 existing non-tree ring proxies that extend back 2,000 years. The full paper (PDF) is here. Here's the abstract:

Historical data provide a baseline for judging how anomalous recent temperature changes are and for assessing the degree to which organisms are likely to be adversely affected by current or future warming. Climate histories are commonly reconstructed from a variety of sources, including ice cores, tree rings, and sediment. Tree-ring data, being the most abundant for recent centuries, tend to dominate reconstructions. There are reasons to believe that tree ring data may not properly capture long-term climate changes. In this study, eighteen 2000-year-long series were obtained that were not based on tree ring data. Data in each series were smoothed with a 30-year running mean. All data were then converted to anomalies by subtracting the mean of each series from that series. The overall mean series was then computed by simple averaging. The mean time series shows quite coherent structure. The mean series shows the Medieval Warm Period (MWP) and Little Ice Age (LIA) quite clearly, with the MWP being approximately 0.3°C warmer than 20th century values at these eighteen sites.

Another Gore AIT error you haven't heard about

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I got a kick out of this.

Over at ClimateAudit.org today Steve McIntyre posted a query wondering what data set Gore used for his paleoclimate temperature reconstruction in AIT. Gore says or strongly implies it's from Lonnie Thompson's ice cores. Steve is familiar with Thompson's work yet couldn't pin it down--and posted NUMEROUS possible candidates.

Steve took Gore's words at face value:

The correlation between temperature and CO2 concentrations over the last 1000 years - as measured by Thompson’s team - is striking. Nonetheless the so-called global warming skeptics often say that global warming is really an illusion reflecting nature’s cyclical fluctuations. To support their view, they frequently refer to the Medieval Warm Period. But as Dr Thompson’s thermometer shows, the vaunted Medieval Warm Period (the third little red blip from the left below) was tiny in comparison to the enormous increases in temperature in the last half-century - the red peaks at the far right of the graph. These global-warming skeptics - a group diminishing almost as rapidly as the mountain glaciers - launched a fierce attack against another measurement of the 1000 year correlation between CO2 and temperature known as the “hockey stick”, a graphic image representing the research of climate scientist Michael Mann and his colleagues. But in fact scientists have confirmed the same basic conclusions in multiple ways with Thompson’s ice core record as one of the most definitive.

Why I am a Luke-Warmer

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Before posting any more remarks on global warming in the comments of this forum I want something that I can link back to that states my own position and why I believe it. The following is a rather long (sorry) rewrite of something from a while ago. Basically, AGW is real in that man's actions will produce an increase in temperature that will be measurable and perhaps even noticeable, but the increase will be far less than predicted by the IPCC. Therefore, I am a Luke-Warmer :-)

My apologies if this reads like some sort of tutorial. That wasn't intended. I just don't know any other way to write it. I'm no climatologist; following the debate is a hobby.

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