Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Obama should have done a Le Duc Tho
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Governments picking winners. Millions of your dollars and mine have been spent over the last decade giving tax breaks to encourage the planting of grape vines. Government in its wisdom had decided back in the nineties that was the thing to do so that the Australian wine industry could continue its phenomenal export growth. Now the inevitable has happened and we have a glut with the Adelaide Advertiser this morning reporting Wine Grape Growers’ Australia executive director Mark McKenzie as saying ‘“We have at least 20,000ha of vineyards more than we need”. In Mr McKenzie’s view the wine industry needs to cut at least 10 per cent of Australia’s 177,000 hectares of vineyards from production. Already the representations have begun to get the same Federal Government which paid for the glut to pay for the reduction. A Wine Industry Restructuring Action Agenda has been presented to the Federal Government by four major national wine organisations. As the lobbying builds in intensity in the run up to the next election. wine drinkers can at least take advantage of some excellent value as desperate wine makers seek to survive. Should have done a Le Duc Tho. I guess it’s pretty hard to knock back a Nobel Peace prize even if you don’t need the dollars but it has been done once. The Vietnamese diplomat Le Duc Tho was cited in 1973 along with US Secretary of State Henry Kissinger but declined saying that peace had not het been established in Vietnam. I can’t help thinking that President Barack Obama should have followed that Le Duc Tho example rather than that of Henry who copped his award. No mixed message about who’s winning. The opinion polls this morning might have had a mixed message about who is best to lead the Liberal Party but they are still as one about who would win an election. AC Nielsen in the Fairfax papers, Newspoll in The Australian and the Morgan poll on its website have Labor comfortably in front with a two party preferred vote of 57%, 58% and 59.5% respectively. I notice that Gary Morgan believes Malcolm Turnbull should follow the line taken by Sir Robert Menzies in the Second Dunrossil Memorial Lecture when asked by his father Roy Morgan about public opinion being different than what he believed:
Bolting to the net. Listening to ABC television’s The Insiders yesterday and hearing Andrew Bolt say for the umpteenth time that there had been no increase in global temperatures since 1998 I finally went internet surfing to try and find out what he was talking about. I found the following graph helpful in understanding what he is talking about but also why it is that the overwhelming majority of the scientific experts ignore what he sees as evidence that global warming has stopped or is taking a break.
The authors of this study explain that the red line is the annual global-mean GISTEMP temperature record (though any other data set would do just as well), while the blue lines are eight year trend lines — one for each eight year period of data in the graph. What it shows is exactly what anyone should expect: the trends over such short periods are variable; sometimes small, sometimes large, sometimes negative — depending on which year you start with. The mean of all the eight year trends is close to the long term trend (0.19ºC/decade), but the standard deviation is almost as large (0.17ºC/decade), implying that a trend would have to be either >0.5ºC/decade or much more negative (< -0.2ºC/decade) for it to obviously fall outside the distribution. Thus comparing short trends has very little power to distinguish between alternate expectations That study was done in January 2008 but it is not only Andrew Bolt who remained unconvinced by it. The Real Climate website updated the argument last week because “the blogosphere (and not only that) has been full of the ‘global warming is taking a break’ meme lately”.
I wonder what the chances are of Andrew Bolt stopping his “cherry picking”? I can’t wait until his next Insider’s appearance. |
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3 Comments
“I can’t wait until his next Insider’s appearance.”
I can. Surely the ABC can find better “insiders” from the right side of politics than the likes of Bolt.
I love the way Bolt is usually teamed with David Mair, no love lost between those two. Was a treat yesterday to see Bolt throw the floor into chaos with his claim the BBC had said global warming doesn’t exist. Host Cassidy quickly told the Bolter to get off the subject, before he could bore us to distraction with another of his outlandish discources. Mair was so beside himself he buried his head in a newspaper while Annabelle Crabbe just looked at Bolt with a look of sheer disbelief. Unrehearsed comedy, of course Bolt was being his usual idiotic self, knowing damn well the reaction he would get. Agree with Jossy, the selection of media reps from the right leave a lot to be desired. Bolt, Milne (yuk), the unsmiling head of the Sydney Inst., and the bloated toad Akerman, who does ensure the change channel button is employed when he appears. Hardly an outstanding representation of the right wing 4th estate.
I have a mate who sends me bits and pieces from the Real Climate web site most weeks. He is similar to Bolter, Akerman and Milne in that he is unable to hear or to respond rationally to argument contrary to his own position.
Also like the above three, he is reasonably sane in other regards and is, in small doses, good company.
However, on a program such as The Insiders, he, too, would be a waste of space and an unnecessary distraction.
Jossy, I agree with you.