To cheer us up

Footsie suffers worst year

London’s leading stocks endured their worst annual falls in at least 24 years, while in Europe and Asia, some markets ended the year by notching up their worst performances since records began.

The FTSE 100 lost 30.9 per cent in 2008, finishing the year at 4,434.17. This was the blue-chip index’s worst annual fall since it was created in 1984 and substantially more than its previous biggest yearly loss of 24.5 per cent in 2002. The FTSE All Share index fell 32.8 per cent over the year, its worst annual fall since losing 55.3 per cent in 1974.

In the rest of Europe, Germany’s Xetra Dax fell 40.3 per cent, its worst annual performance in its 20-year history and the CAC 40 in Paris was down 42.1 per cent. FTSE Eurofirst 300 suffered an annual decline of 44.7 per cent, its worst year since the index was constituted in 1986.

The Nikkei 225 index in Tokyo ended the year on Tuesday by recording a 42.1 per cent fall, well above its last biggest annual loss of 38.7 per cent in 1990, while Korea’s Kospi index ended the year with a loss of 40.7 per cent.

In New York, the S&P 500 has already fallen 41 per cent this year, marking its worst run since a drop of 47.1 per cent in 1931 during the Great Depression.

All hail Gordon, I say.

13) Gordon Brown: March 2007

We will not return to the old boom and bust

14) Gordon Brown: December 2006

Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history

15) Gordon Brown: March 2006

I have said before: no return to boom and bust.

16) Gordon Brown: March 2001

We will not return to boom and bust.

17) Gordon Brown: November 2000

Our approach is to reject the old vicious circle of the ’80s–rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.

18) Gordon Brown: March 2000

Britain does not want a return to boom and bust.

19) Gordon Brown: November 1999

Indeed, Britain was set to repeat the old, familiar cycle of boom and bust. Since then, we have created and rigorously adhered to a new framework of modern economic management

20) Gordon Brown: November 1998

Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.

21) Gordon Brown: June 1998

rigorous financial discipline that, together with monetary stability, ends once and for all the boom and bust that for 30 years has undermined stability

22) Gordon Brown: May 1998

The Government have put in place policies to deliver that objective and are determined to avoid a return to boom and bust.

23) Gordon Brown: April 1998

We will not return to the stop-go, boom-bust years which we saw under the Conservatives.

24) Gordon Brown: November 1997

I am satisfied that the new monetary policy arrangements will deliver long-term price stability, and prevent a return to the cycle of boom and bust.

25) Gordon Brown: July 1997

Today, the Bank of England has agreed with me that, if we are to prevent the cycle of boom and bust, inflationary pressures in the economy, which the previous Government negligently failed to tackle, must be brought under control

Meanwhile, via iterative bloggisms:

It is true that we had ten years of record growth when I was prime minister. I have, unfortunately, come to the conclusion that it was luck.
– Tony Blair (Cunto di Tutti Cunti), in a lecture to Yale University

Gives me that warm feeling inside…. feels like…. boiling piss.

AJ

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Northern Ireland Environment Minister in Rash Outbreak of Sense

This is quite remarkable.

Environment minister Sammy Wilson: I still think man-made climate change is a con

Spending billions on trying to reduce carbon emissions is one giant con that is depriving third world countries of vital funds to tackle famine, HIV and other diseases, Sammy Wilson said.

The DUP minister has been heavily criticised by environmentalists for claiming that ongoing climatic shifts are down to nature and not mankind.

But while acknowledging his views on global warming may not be popular, the East Antrim MP said he was not prepared to be bullied by eco fundamentalists.

“I’ll not be stopped saying what I believe needs to be said about climate change,” he said.

most of the people who shout about climate change have not read one article about it

“I think in 20 years’ time we will look back at this whole climate change debate and ask ourselves how on earth were we ever conned into spending the billions of pounds which are going into this without any kind of rigorous examination of the background, the science, the implications of it all. Because there is now a degree of hysteria about it, fairly unformed hysteria I’ve got to say as well.

“I mean I get it in the Assembly all the time and most of the people who shout about climate change have not read one article about climate change, not read one book about climate change, if you asked them to explain how they believe there’s a connection between CO2 emission and the effects which they claim there’s going to be, if you ask them to explain the thought process or the modelling that is required and the assumptions behind that and how tenuous all the connections are, they wouldn’t have a clue.

“They simply get letters about it from all these lobby groups, it’s popular and therefore they go along with the flow — and that would be ok if there were no implications for it, but the implications are immense.”

He said while people in the western world were facing spiralling fuel bills as a result of efforts to cut CO2, the implications in poorer countries were graver.

“What are the problems that face us either locally and internationally. Are those not the things we should be concentrating on?” he asked.

“HIV, lack of clean water, which kills millions of people in third world countries, lack of education.

“A fraction of the money we are currently spending on climate change could actually eradicate those three problems alone, a fraction of it.

“I think as a society we sometimes need to get some of these things in perspective and when I listen to some of the rubbish that is spoken by some of my colleagues in the Assembly it amuses me at times and other times it angers me.”

Despite his views on CO2, Mr Wilson said he does not intend to backtrack on commitments made by his predecessor at the Department of the Environment, Arlene Foster, to make the Stormont estate carbon neutral.

He said while he wasn’t worried about reducing CO2 output, he said the policy would help to cut fuels bills.

“I don’t couch those actions in terms of reducing Co2 emissions,” he said. “I don’t care about Co2 emissions to be quite truthful because I don’t think it’s all that important but what I do believe is, and perhaps this is where there can be some convergence, as far as using fuel more efficiently that is good for our economy; that makes us more competitive. If we can save in schools hundreds of thousands on fuel that’s more money being put for books or classroom assistants.

“So yes there are things we can do. If you want to express it terms of carbon neutral, I just express it terms of making the place more efficient, less wasteful and hopefully that will release money to do the proper things that we should be doing.”

Good man.

AJ

Don’t let the lentils grind you down

Keep this Global Warming, My Arse ready reckoner at your fingertips.

AJ

Re-visit: The Manhattan Declaration on Climate Change 2008

Lest we forget:

http://www.theregister.co.uk/2008/03/10/nipcc_manhattan_declaration/

Manhattan Declaration demands abandonment of emissions reduction efforts

A group of dissident scientists and climate researchers has affirmed that there is no convincing evidence that CO2 emissions from modern industrial activity cause climate change, and has called on world leaders to abandon all efforts to reduce emissions “forthwith.” Issued last week at the close of the International Conference on Climate Change in New York, the Manhattan Declaration challenged the notion that a scientific consensus on climate change exists, and claimed that efforts at emissions reduction would diminish prosperity while having no appreciable impact.

The Declaration stems from the work of the Nongovermental International Panel on Climate Change (NIPCC), which one might term the evil twin of the Intergovernmental Panel on Climate Change (IPCC), which published a closely-argued report on the subject this month. The report takes the form of a critique of the IPCC’s Fourth Assessment Report, which last year helped win the organisation a joint Nobel Peace Prize with Al Gore.

And on the link:

Manhattan Declaration on Climate Change

“Global warming” is not a global crisis

We, the scientists and researchers in climate and related fields, economists, policymakers, and business leaders, assembled at Times Square, New York City, participating in the 2008 International Conference on Climate Change,

Resolving that scientific questions should be evaluated solely by the scientific method;

Affirming that global climate has always changed and always will, independent of the actions of humans, and that carbon dioxide (CO2) is not a pollutant but rather a necessity for all life;

Recognising that the causes and extent of recently observed climatic change are the subject of intense debates in the climate science community and that oft-repeated assertions of a supposed ‘consensus’ among climate experts are false;

Affirming that attempts by governments to legislate costly regulations on industry and individual citizens to encourage CO2 emission reduction will slow development while having no appreciable impact on the future trajectory of global climate change. Such policies will markedly diminish future prosperity and so reduce the ability of societies to adapt to inevitable climate change, thereby increasing, not decreasing, human suffering;

Noting that warmer weather is generally less harmful to life on Earth than colder:

Hereby declare:

That current plans to restrict anthropogenic CO2 emissions are a dangerous misallocation of intellectual capital and resources that should be dedicated to solving humanity’s real and serious problems.

That there is no convincing evidence that CO2 emissions from modern industrial activity has in the past, is now, or will in the future cause catastrophic climate change.

That attempts by governments to inflict taxes and costly regulations on industry and individual citizens with the aim of reducing emissions of CO2 will pointlessly curtail the prosperity of the West and progress of developing nations without affecting climate.

That adaptation as needed is massively more cost-effective than any attempted mitigation and that a focus on such mitigation will divert the attention and resources of governments away from addressing the real problems of their peoples.

That human-caused climate change is not a global crisis.

Now, therefore, we recommend —

That world leaders reject the views expressed by the United Nations Intergovernmental Panel on Climate Change as well as popular, but misguided works such as “An Inconvenient Truth.”

That all taxes, regulations, and other interventions intended to reduce emissions of CO2 be abandoned forthwith.

Agreed at New York, 4 March 2008

And if anyone is looking for candidates for Man of the Year (yes it includes women, you bickering harridans)…. see the list of signatories, <—- there.

I wasn’t blogging when this emerged (cos den I woznt a saddoo like youz) but I had been reading the discussions on Pistonheads.com, involving a remarkably knowledgeable and resourceful chap calling himself TurboBloke. If you want to see a fine AGW argument between a scientist and a true believer (in this case, a character called Ludo), look him up. Let me Google that for you.

AJ

Retro H/T to EUReferendum. Hail, Sir.

Gordon loves austerity…

Because he’s an irredemably miserable bastard, and in 2009 he will finally succeed in making us all as miserable as him.

And now he’s going to lecture us. Yes – fucking LECTURE us about the edifying potential of a depression recession.

The recession is a test of character the British people must pass, Gordon Brown is set to say.

In next week’s New Year message, the prime minister is expected to urge the public to “display the same spirit” as their predecessors did in World War II.

He will also describe US president-elect Barack Obama as a “catalyst” for tackling global issues.

And Mr Brown will demand that the public work together in an effort to build a “better tomorrow”.

He is expected to proclaim that Britain is not “broken” but the “best country in the world” and say: “I believe the British people will show those who talk them down exactly what they are made of in 2009 – as we build tomorrow today.”

Only if you call an election you communist douchebag.

Just breath-taking. And just to show you he’s really got the measure of the British people, and the times we are in (to say nothing of the science):

Climate change

Returning to his focus on the problem of climate change, Mr Brown will describe Mr Obama as a leading light in the fight against it.

Mr Brown will say: “I believe we can do it – and because we can, we must.

“The stakes are too great with our planet in peril for us to do anything less.

“I look forward to working with President-elect Obama in creating a transatlantic, and then a global coalition for change.”

I really do wonder what the skies are like on his planet?

AJ

H/T DK

Update: Courtesy of Mr Eugenides who undertakes the grim sacrifice of reading the Mirror for us:

“When things are going well people call me Gordon.
“When things are going badly they call me Mr Brown.
“At the moment they are calling me Gordon.”

Things are going well? Oh gooooooooooood.

Most Annoying Things of the Year

1. Lists

AJ

It’s cold – but the warming, my arse, will be back in ’09

Well it’s winter, innit? And and and Gaia has the flu. Tellygraph says:

New Year’s Eve revellers face freezing conditions colder than in Iceland, but 2009 is likely to be the one of the warmest on record, forecasters say.

Aye – we’ll see. I just wanted to capture this one prediction for 2009.

The country is on course to experience its coldest December in more than 10 years as chilling winds blow in from Eastern Europe.

Those out celebrating the New Year are being warned to wrap up warm and take care on icy pavements as temperatures plunge to 24.8F (-4 C).

No shit – it was -4C here last night when I went out for rent boys and WD40 at tea-time.

Parts of Britain will be significantly colder than Reykjavik, the Icelandic capital, and as cold as Raufarhöfn, its northernmost village, which sits on the edge of the Arctic circle.

The Icelanders have taken to burning their money, since that’s all that it’s good for now, hence raising their temperature. If they’d been persuaded to invest in images of Gordon Brown, they could have opened a new Mediterranean resort. Still, too late now.

But don’t worry, Al Gore will get us all back on-message real soon now. Meanwhile, I want to slap the stupid muppet at the Tellygraph who wrote (and subbed) this piece:

But long range forecasts suggest that next year will be among the warmest.

The average global temperature is expected to be more than 32.7F (0.4C) above the long term average, making next year warmer than this year and the hottest since 2005, researchers from the Met Office and the University of East Anglia said.

Professor Phil Jones, the director of the climate research unit at the University of East Anglia, said: “The fact that 2009, like 2008, will not break records does not mean that global warming has gone away.

“What matters is the underlying rate of warming – the period 2001-2007, with an average of 57.99F (14.44C), was 32.38F (0.21C) warmer than corresponding values for the period 1991-2000.”

Now look, you pillocks. 0 degrees Centigrade does indeed equal 32 degrees Fahrenheit – as an absolute measure of temperature. Not as a relative measure.

A variation over the years of 0.4C DOES NOT EQUATE TO 32.7F variation. It equates to 0.7F variation.

But I’m sure some cock-gargler in the comments section of Booker’s next column on AGW will cite this clearly absurd ‘statistic’.

OMGZ Do those who don’t beleeve in Global Warming (PBUH) understand that the world has WARMED by 37.2 degrees Fahrenheit?????? [Daisy Goodwin’s Daughter]

Scientifically and mathematically incompetent morons. I can only hope that Professor Warming’s quote was massaged by the Tellygraphers to include an incorrect Fahrenheit conversion, or we are all truly fucked as a nation species. And not from bleeding global warming either.

AJ

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