What is television for – facts, confirmation or infotainment?

Professor Ross McKitrick: Wind turbines don’t run on wind, they run on subsidies.

STOP THESE THINGS

economics101

As STT followers are acutely aware, wind power is an economic and environmental fraud. Because wind power can only ever be delivered at crazy, random intervals – and, therefore, never “on-demand” – it will never be a substitute for those generation sources which are – ie hydro, nuclear, gas and coal (see our posts here and here and here and here and here and here and here and here).

Were it not for government mandates – backed by a constant and colossal stream of subsidies (see our post here) – wind power generators would never dispatch a single spark to the grid, as they would never find a customer that would accept power delivered 30% of the time (at best) on terms where the vendor can never tell customers just when that power might be delivered – if at all (see our post here).

Ultimately, it’ll be…

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Have @NZGreens accidentally published a chart showing substantial and pretty continuous real wages growth in recent decades?

https://twitter.com/scythicus/status/532301512169365504

Japan’s demographics spell doom

Consortium of Defense Analysts

Ups and downs: Working age population projection by Japan's National Institute of Population and Social Security ResearchJapan’s National Institute of Population and Social Security Research

International investor and entrepreneur Simon Black of Sovereign Man writes, Sept. 15, 2014:

One in eight Japanese is aged 75 or older. People over 65 will reach 33 million, the largest ever, roughly 25.9% of the population.

The thing about demographic trends is that they’re like a huge oil tanker—once they’re on their course it’s very hard to steer them around in another direction.

These are monumental, generational changes that are very hard and slow to reverse.

By today’s trend, Japan’s population will dwindle from 127 million today to around 100 million by 2050. It’s the worst possible demographic nightmare.

People stopped having as many babies decades ago. It was too damned expensive.

Then the big collapse came in the late 80s, and the economy has been dragging it heels ever since.

When prosperity is low, people consequently delay having…

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Obama is doing a Clinton on climate change agreements

Last week, I planned to write a blog about how Obama might do a Clinton: safe in the knowledge that Congress will never approve any of his climate change agreements, he will run round the world signing up to all sorts of ambitious carbon emission reduction goals.

The agreement Obama just signed today with the Chinese after the secret talks over the congressional election period is an example. This secret agreement goes to show that the Obama administration can actually keep a secret.

The agreement with China and any other futures similar agreements will win Obama brownie points with the Left of his party, but not bother anyone else in particular because they know they’ll never get through Congress.

The moment Bush took office in 2001, the Democrats started asking why wouldn’t Bush submit the Kyoto protocol to the Senate for ratification.

Bill Clinton had 801 days left in his administration after he signed the Kyoto protocol in December 1997 to submit it for Senate ratification. He did not lift a finger.

Clinton was safe in the knowledge that prior to the signing of the Kyoto protocol, the Senate voted 95 to nil  in July 1997 to not ratify any treaty on climate change that did not impose mandatory obligations on Russia, China and other major developing countries.

President Clinton approved and signed into law appropriations bills for fiscal years 1999, 2000, and 2001 that included language prohibiting the Environmental Protection Agency from using its funds to “issue rules, regulations, decrees, or orders for the purpose of implementation, or in preparation for implementation, of the Kyoto Protocol” until the Protocol is ratified by the Senate and entered into force under the terms of the treaty.

The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions. These amount to an average of five per cent reduction against 1990 levels over the five-year period 2008-2012.

 

Developing countries, including China and India, weren’t mandated to reduce emissions, given that they’d contributed a relatively small share of the current century-plus build-up of CO2.

The Europeans were happy to sign the Kyoto Protocol after the Americans pulled out because the emissions trading price in any such protocol would be very low because no American companies would have to buy emission credits.

U.S. and China Reach Climate Deal After Secret Negotiations – where are the protesters? Where is the hypocrisy?!

The United States and China have unveiled a secretly negotiated deal to reduce their greenhouse gas output, with China agreeing to cap emissions for the first time and the US committing to deep reductions by 2025. Jointly announced in Beijing by President Obama and President Xi Jinping, includes new targets for carbon emissions reductions by the United States and a first-ever commitment by China to stop its emissions from growing by 2030.

Will protestors take to streets about the secrecy that proceeded the negotiation of this international agreement?

  • 10,000 protesters took to the streets of New Zealand at the weekend against the secrecy surrounding the Trans-Pacific partnership trade and investment talks. The air was thick with conspiracy theories and the demand for transparency in international diplomacy.
  • Why were these treaty negotiations with China over carbon emissions kept from the watchful eye of the American public before the recent congressional elections?

The Left over Left picks and chooses the international law that it champion:

  • International law on both human rights and the environment are both an addendum to the 10 Commandments and must be followed, come hell or high water. Even better if the UN is somehow involved –  moral status is then beyond question.
  • International trade and investment laws are the spawn of Satan. The fact that these trade and investment treaties are freely negotiated between sovereign states adds nothing to their moral standing and much to their conspiratorial origins.
  • International criminal courts, the European Court of Justice and the World Court are all superior to national courts. International trade and investment dispute tribunals are the lackeys of multinationals.

Is Growth of Government Inevitable? | Sam Peltzman video

The Effective Decision – Peter Drucker

1. Classifying the problem. Is it generic? Is it exceptional and unique? Or is it the first manifestation of a new genus for which a rule has yet to be developed?

2. Defining the problem. What are we dealing with?

3. Specifying the answer to the problem. What are the “boundary conditions”?

4. Deciding what is “right,” rather than what is acceptable, in order to meet the boundary conditions.. What will fully satisfy the specifications before attention is given to the compromises, adaptations, and concessions needed to make the decision acceptable?

5. Building into the decision the action to carry it out. What does the action commitment have to be? Who has to know about it?

6. Testing the validity and effectiveness of the decision against the actual course of events. How is the decision being carried out? Are the assumptions on which it is based appropriate or obsolete?

via The Effective Decision.

Obama’s Legacy: Statist, European-Style Policies Lead to Anemic, European-Style Economic Performance

International Liberty

Some of my left-wing friends have groused that Democrats didn’t do well in the mid-term elections because they failed to highlight America’s strong economic performance.

I’m tempted to ask “what strong economic performance?!?” After all, median household income is lower than it was when Obama took office. And labor force participation rates have plummeted.

However, my leftist buddies have a point. America’s economy does look good when compared to Europe.

But why should that be the benchmark for success?

If you look at today’s growth numbers compared to data on historical growth in the United States, you get a much different picture. Here’s some of what Doug Holtz-Eakin, former head of the Congressional Budget Office, wrote as part of a study for the National Chamber Foundation.

Over the entire postwar period from 1947 to 2013, the trend for economic growth in America was 3.3%. Unfortunately, looking at…

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Video: Is Cat Calling a Big Deal?

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NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

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