Posts filed under “UnScience”
I wanted to point out that the loon of the moment, Harold Camping is now hitless after two at bats. The religious zealot/jackass made a similar end of world prediction in 1994, which if memory serves failed to come to pass. And it is an otherwise delightful evening, no Armageddon anywhere in sight . ….Read More
The Rapture (in blue) beats “World End May 21″ (red) — at least on Google Trends. What chance did Harold Camping’s end of days have versus 2000 years of Armageddon fear mongering? The Rapture folk know the first rule of forecasting — hence the indefinite date for the World’s end versus getting too specific. Coming…Read More
There is an Evangelist named Harold Camping, who claims the world will end tomorrow. He has violated the first rule of forecasting: You can give a price target ($0) or a date (tomorrow) but never both at once. Besides, the end of world forecast carries additional risks. People have been making Armageddon forecasts for, like,…Read More
The intertubes are all abuzz about something Larry Kudlow said on TV last week: CNBC’s Kudlow: Be grateful the human toll is much worse than the economic toll from Japan quake! (This message on Google Buzz) CNBC’s Larry Kudlow illustrates why there’s such hatred of the Wall Street ethic, as he suggests that we should…Read More
This morning, I am going to violate my self-imposed admonition against advising billionaires how to spend their money. How to invest it is what I do for a living, but how to spend it is something else entirely. The basis for this rule waiver/advice was a front page NYT article: After Business and Politics, Mayor…Read More
I have been rather dismissive of the agnatology from global warming deniers and hacks like Pat Michaels.
The notorious climate skeptic of the CATO Institute has admitted on CNN this weekend that 40 percent of his funding comes from Big Oil. Note that is what he admits to; his disinformation campaigns might be funded in considerably greater amounts than that.
When the media quotes him, they should disclose where the funding for his “skepticism” came from. As the ExxonSecrets profile of Pat Michaels sums up well, he is “possibly the most prolific and widely-quoted climate change skeptic scientist.”
Fareed Zakaria deserves a round of applause for challenging Michaels directly to cough up a figure for how much oil money he receives to defend the status quo:
ZAKARIA: Let me ask you what people wonder about, advocates like you. They say —
MICHAELS: I’m advocating for efficiency.
ZAKARIA: Right. But people say that you’re advocating also for the current petroleum-based industry to stand pat, to stay as it is, and that a lot of your research is funded by these industries.
MICHAELS: Oh, no, no. First of all, what I’m saying is —
ZAKARIA: Well, is your research funded by these industries?
MICHAELS: Not largely. The fact of the matter is —
ZAKARIA: Can I ask you what percentage of your work is funded by the petroleum industry?
MICHAELS: I don’t know. 40 percent? I don’t know.
Not a bad investment by the oil industry: Put up 40% of the funds, but use 100% of the junk science . . .
DISCLOSURE: We are long Arch Coal (ACI) and Suncor (SU) As I have said, you can burn fossil fuels and own V12 cars, or even invest in the energy sector, but please don’t be hypocritical by pretending that you are not impacting the climate.
“If the current betting trends are to be believed, it now seems certain that a recall is in the cards” -Paddy Power, Irelands Biggest Bookmaker July 14, 2010 press release > Speaking of dumb bets: Its time to revisit a recent prediction market “winner,” and review the strengths and weaknesses of these markets: Recall this…Read More