Posts tagged ‘media’

Thoughts for the Day

Happy Birthday Vladimer Lenin Earth Day.  I have a few thoughts for the day:

Sucking the Oxygen Out of the Environmental Movement

Observe today how little of the discussion is about anything other than climate.  There are still many environmental issues in the world that can be improved by the application of man's effort and technology -- unfortunately, climate is the least of these but the issue getting the most attention.  Consider how the global warming panic has sucked the oxygen out of the environmental movement.  Ten years from now, I predict that true environmentalists will be looking back on the hysteria over trace amounts of CO2 in the atmosphere as a huge setback for real environmental progress.

Environmentalism and Socialism

If you attend any Earth Day events today, notice how many of the speeches and presentations and such are anti-corporate, anti-trade, anti-capitalist, anti-wealth screeds, and have little to do with the environment.  If you actually go to a live Earth Day event, you will see why the selection of Lenin's birthday was no accident.  You will not see this on the network news, because the media is sympathetic to the environmental movement and tends to edit the socialist rants out as PR protection for the environmentalists, knowing that American audiences would lose sympathy for them if they listened to the whole package. (This is mostly an American phenomenon - I have found from my brief travels in Europe that the media there does less such editing, perhaps because they know their audience is more comfortable with socialism).

The Climate Denier Trick

There are a lot of reasons not to be worried about "inaction" on global warming.  To justify the enormously expensive cuts in CO2 productions, on the order of 80% as supported by Obama and Clinton, one has to believe every element of a five-step logic chain:

  1. Mankind is increasing CO2 concentrations in the atmosphere
  2. Increased atmospheric CO2 causes the world to warm (by some amount, large or small)
  3. The increases in CO2 from man will cause substantial warming, large enough to be detectable above natural climate variations
  4. The increases in world temperatures due to man's CO2 will have catastrophic impacts on civilization
  5. These catastrophic impacts and their costs are larger than the enormous costs, in terms of poverty and lost wealth, from reducing CO2 with current technologies.

Climate alarmists have adopted a rhetorical trick that no one in the media seems willing to call them on.   They like to wage the debate over global warming policy on points one and two only, skipping over the rest.  Why?  Because the science behind numbers one and two are pretty strong.  Yes, there are a few folks who will battle them on these points, but even very strong skeptics like myself accept points one and two as proved. 

Here are some examples of how this trick works.  If, like me, you do not accept steps 3-4-5 in the above logic chain, you will be called a "denier."  When asked what a denier means, a climate alarmist will often position this denial as somehow disputing #1 and #2.  On the other hand, if one publicly accepts #1 and #2, the alarmist will shout "QED" and then proceed to say that strong action on CO2 is now justified.  When an alarmist says that the a consensus exists, he is probably correct on points 1 and 2.  But he is absolutely incorrect that a consensus exists on 3-4-5.

Don't believe me?  Think back to the early Republican debate, where the moderator asked for a show of hands whether [I can't remember the exact question] man was causing global warming.  The implication is that you either have to accept this whole logic chain or not.  One can see why Fred Thompson begged to have 90 seconds to explain his position, and why the moderator, presumably in the alarmist camp, denied it to him. 

Over the last year or two, skeptics have gotten a lot better at making their argument.  Most all of them, like I do, begin their arguments by laying out a logic chain like this and explaining why one can believe that man-made greenhouse gases cause warming without accepting the need for drastic climate action.  The result?  Alarmists have stopped debating, and/or have declared that the debate is "over."  Remember that last great Al Gore climate debate?  Neither do I.

The Single Best Reason Not To Be Worried About Climate

I could, and have, in my books and videos, made arguments on many points in 3-4-5 (links at the bottom of the post).  In four, no one ever considers the good effects of warming (e.g. on growing seasons and crop yields) and most every other problem is greatly exaggerated, from hurricane formation to sea level rises.  And in five, every time someone has tried to put a price on even small reductions in CO2, the numbers are so enormous that they are quickly suppressed by a environmentalist-sympathetic media.  Suffice it to say that even the climate-sanctimonious Europeans have not been willing to pay the price for even slowing down their CO2 growth (which has risen faster than in the US), much less reducing it.

But in this logic chain, there is little need to argue about four and five if #3 is wrong.  And it is.

The effects of CO2 acting alone on temperatures are quite small -- And everyone, even the alarmists, agree!  A doubling of CO2 concentrations, without other effects that we will discuss
in a moment, will heat the earth no more than about 1 degree Celsius (though several studies recently have argued the number is much less).  This is not some skeptic's hallucination -- this is
straight out of the IPCC third and fourth assessments [IPCC text quoted here].  In fact, the IPCC in their reports has steadily reduced their estimate of the direct contribution of CO2 on temperatures.  CO2, acting
alone, warms the Earth only slowly, and at this rate we would see less
than a degree of warming over the next century, more of a nuisance than
a catastrophe.

But some scientists do come up with catastrophic warming
forecasts.  They do so by assuming that our Earth's climate is
dominated by positive feedbacks that multiply the initial warming from
CO2 by a factor of three, four, five or more.  This is a key point -- the
catastrophe does not come from the science of greenhouse gases, but
from separate hypotheses that the earth's climate is dominated by
positive feedback.
This is why saying that greenhouse gas
theory is "settled" is irrelevant to the argument about catastrophic
forecasts.  Because these positive feedbacks are NOT settled science.

In fact, the IPCC admits it does not even know the sign of
the most important effect (water vapor), much less its magnitude.  They
assume that the net effect is positive, and in fact strongly so - on the order of 60-80% feedback or more, nearly unprecedented numbers for a long-term stable physical system [more on feedback and its math here].  This is particularly ironic because alarmist Michael Mann, with his hockey stick, famously posited that temperatures over the last 1000 years were incredibly flat and stable until man started burning fossil fuels, a proposition that is hard to believe if the climate is dominated by strong positive feedback.   Note that when people like Al Gore say things like "tipping point," they are in effect hypothesizing that feedback is greater than 100%, meaning that climate can be a runaway process, like nuclear fission.

In fact, with the 100 or so years of measurements we have for temperature and CO2, empirical evidence does not support these high positive feedbacks.
Even if we assign all the 20th century warming to CO2, which is
unlikely, our current warming rates imply close to zero feedback.  If
there are other causes for measured 20th century warming other than
CO2, thereby reducing the warming we blame on CO2, then the last
century's experience implies negative rather than positive feedback in
the system.  As a result, it should not be surprising that high
feedback-driven forecasts from the 1990 IPCC reports have proven to be
way too high vs. actual experience (something the IPCC has since
admitted).

However, climate scientists are unwilling to back down from the thin
branch they have crawled out on.  Rather than reduce their feedback
assumptions to non-catastrophic levels, they currently hypothesize a
second man-made cooling effect that is masking all this feedback-driven
warming.  They claim now that man-made sulfate aerosols and black
carbon are cooling the earth, and when some day these pollutants are
reduced, we will see huge catch-up warming.  If anything, this cooling
effect is even less understood than feedback.  What we do know is that,
unlike CO2, the effects of these aerosols are short-lived and therefore
localized, making it unlikely they are providing sufficient masking to
make catastrophic forecasts viable.  I go into several reality checks
in my videos, but here is a quick one:  Nearly all the man-made cooling
aerosols are in the northern hemisphere, meaning that most all the
cooling effect should be there -- but the northern hemisphere has
actually exhibited most of the world's warming over the past 30 years,
while the south has hardly warmed at all.

In sum, to believe catastrophic warming forecasts, one has to believe both of the following:

  1. The climate is dominated by strong positive feedback, despite
    our experience with other stable systems that says this is unlikely and
    despite our measurements over the last 100 years that have seen no such
    feedback levels.
  2. Substantial warming, of 1C or more, is being masked by aerosols,
    despite the fact that aerosols really only have strong presence over
    5-10% of the globe and despite the fact that the cooler part of the
    world has been the one without the aerosols.

Here's what this means:  Man will cause, at most, about a degree of
warming over the next century.  Most of this warming will be
concentrated in raising minimum temperatures at night rather than
maximum daytime temperatures  (this is why, despite some measured
average warming, the US has not seen an increase of late in maximum
temperature records set
).  There are many reasons to believe that man's
actual effect will be less than 1 degree, and that whatever effect we
do have will be lost in the natural cyclical variations the climate
experiences, but we are only just now starting to understand.

To keep this relatively short, I have left out all the numbers and
such.  To see the graphs and numbers and sources, check out my new climate video, or my longer original video, or download my book for free.

Update: Very relevant article by Roy Spencer on the over-estimation of feedback in climate models.

Many of us, especially those who were trained as meteorologists,
have long questioned the climate research community's reliance on
computerized climate models for global warming projections.  In
contrast to our perception that the real climate system is constantly
readjusting to internal fluctuations in ways that stabilize the system,
climate models built upon measured climate behavior invariably suggest
a climate system that is quite sensitive - sometimes catastrophically
sensitive "” to perturbations such as those from anthropogenic
greenhouse gas emissions.  Unfortunately, it has been difficult to
articulate our "˜hand-waving' concerns in ways that the modelers would
appreciate, i.e., through equations.   

After years of pondering this issue, and after working on our two
latest papers on feedbacks (Spencer et al., 2007; Spencer and Braswell,
2008, hereafter SB08), I believe that I can now explain the main reason
for this dichotomy.   Taking the example of clouds in the climate
system, the issue can be introduced in the form of a question:

To what extent are climatic variations in
clouds caused by temperature change (feedback), versus temperature
change being the result of cloud variations? 

What We Learn About Climate and Public Policy from Y2K

Remember Y2K?  If you took the media and politicians seriously, this sure did seem like it was going to big a big apocalyptic deal (see survey in the postscript about economic depression and civil insurrection).  Until it wasn't.

Odd Citizen points to an interesting study on this topic.  The author links this
Australian study
looking retrospectively at the Y2K scare, trying to understand
why an irrational collective hysteria developed that allowed for no skepticism
(seem familiar).  The whole thing is interesting, but here is the money
quote
:

From the perspective of public administration, the two most
compelling observations relate to conformity and collective amnesia. The
response to Y2K shows how relatively subtle characteristics of a policy problem
may produce a conformist response in which no policy actors have any incentive
to oppose, or even to critically assess, the dominant view. Moreover, in a
situation where a policy has been adopted and implemented with unanimous
support, or at least without any opposition, there is likely to be little
interest in critical evaluation when it appears that the costs of the policy
have outweighed the benefits.

The article is written without any reference to current
climate issues, but wow, does this sound familiar?  It is a dead-on description of what is occurring with global warming. 

The author also goes on to discuss public choice theory and why it is not necessarily a good explanatory model for the Y2K scare.  He argues that a better explanation was the asymmetry of blame:

Individuals and groups who argued for a 'fix on failure' approach stood to benefit only modestly if this approach avoided unnecessary costs, but faced the risk of blame in the event of significant system failures attributable (accurately or otherwise) to Y2K related problems. Conversely, it was evident in advance that there was little risk of loss to individuals who advocated comprehensive remediation. The absence of any serious Y2K problems could always be attributed to the success of the remediation program.

The asymmetry of incentives was amplified by the possibility of litigation, particularly in the United States and, to a lesser extent, in other English-speaking countries. The reliance of the United States on tort litigation as a method of compensating those experiencing adverse outcomes of various kinds produces a strong bias in favour of 'defensive' expenditures. In particular, jurors have been highly unsympathetic to individuals and organisations that have chosen to disregard known low-probability risks.

The special characteristics of the Y2K problem were ideally suited to produce this kind of reaction. On the one hand, the problem was both widespread and comprehensible to non-experts, such as potential jurors. On the other hand, if 'embedded systems' are disregarded, the Y2K problem differed from most other computer 'bugs' in that a complete solution was feasible, though very expensive.

In these circumstances, litigation against organisations that had failed to undertake comprehensive Y2K remediation, and experienced any form of system breakdown in early 2000, was virtually guaranteed of success. By contrast, the risk of blame being allocated to organisations that overspent on Y2K remediation was perceived to be minimal. The absence of litigation or other processes for the allocation of blame in the aftermath of the Y2K non-event shows that this perception was accurate.

A rough parallel to this in the global warming world is the apparent ease of assigning blame for CO2 emissions to energy producers and car manufacturers (despite the fact that it is all of us who uses this energy and buys these cars) vs. the reluctance of media and others to quantify and assign blame for reductions in wealth and economic prosperity that might result from CO2 limitations.

Postscript:  One other thing that is interesting to me as a libertarian:  I often point out that the political parties are a joke, a mish-mash of shifting political positions that has little to do with deeply held theories of government and more to do with branding and populist electioneering.  The Y2K-Climate comparison caused me to find a good example.  In 1999, it was the Republicans using the Y2K issue as a club on the Democrats, arguing that the Clinton Administration, and Al Gore in particular, were ignoring this critical end-of-the-world crisis and that the government needed to be doing more.  Really.  Just check this out from Dec, 1999:

Last year, The National Journal devoted an entire issue to the subject, with headlines such as "The Big Glitch" and "Sorry, Al, This Bug's for You." In the special issue, Neil Munro cites a survey of industry and government executives and
programmers concerning potential fallout from the millennium bug, showing that 70 percent
anticipated a negative effect on the economy, with 10 percent of respondents not ruling
out the possibility of economic depression and civil insurrection.   

With a technology problem of this magnitude on the national horizon, where was the leadership of the nation's No. 1 techno-nerd and self-proclaimed creator of the "information superhighway," Vice President Al Gore?   

Gore's familiarity with and personal interest in technology, specifically computer technology, makes suspect his long silence on the Y2K issue.   

In his biography, "Gore: A Political Life," Bob Zelnick writes that Gore "had nothing to say during the first five-and-a-half years of his vice presidency
about the biggest problem in the history of high-tech America."

Let the record show that I was a Y2K skeptic before I was a climate skeptic.

I may be making common cause with some Republicans on the climate issue at the moment, but I don't trust them.  In fact, already we see McCain jumping on the climate bandwagon (as he does with every populist issue -- he believes in nothing) and I have a strong sense GWB may dive into the climate fray quite soon.

The End is Near

For at least the last thousand years, western society has always had a hard core of doom-sayers who like to climb to the rooftops to shout that the end of the world is close at hand.  I am not a good enough student of history to know if this is a predictably human trait, or if it is uniquely tied to western religions like Christianity.  Certainly the Medieval millenarian streak was tied closely to the prophesies of Christianity.

Whether initially Christian or not, end-of-the-worldism is now the provenance of many fringe secular groups, not the least of which are the environmentalists.  In fact, the current global warming panic fits right into a long history of end-of-the-worldism, though I also think it has strong elements of socialism and youth culture guilt and lacks the optimism of Christian millenarianism.

Today's humorous does of doom comes right here from Arizona, via professor Guy McPherson of the University of Arizona.  Incredibly, our local media treats this interview straight up, without even the snark they would bring to, say, the article they wrote about me and other local climate skeptics.

First, let me explain Empire: We exploit humans and resources, often
with extreme violence, to provide Americans with indulgences beyond
belief to most people.

Had we started the project of powering down at least 30 years ago,
there might still be time. At this point, I cannot imagine any steps
that could allow us to avoid a meltdown of the economy or a relatively
rapid transition into the post-industrial Stone Age. We depend on
abundant, inexpensive oil for delivery of food, water, shelter, and
health care. The days of abundant, inexpensive oil are behind us. The
American Empire will soon run its course.

I am hopeful we can save a few tens of millions of Americans. But
we will need to make massive changes in our entire way of life,
starting immediately. We must abandon the project of globalization and
its attendant indulgences, for example, and focus on saving lives.

Yes, oil production will indeed peak at some point, and may even be peaking now (though I doubt it).  But the rest of this is just ignorant. 

If They Could Do Math, They Wouldn't Have Been Journalism Majors

Further proof that no one in the media is capable of even the simplest reality-checks when it comes to publishing numbers they get from activist press releases.  This whole concept below is a howler (the idea is that global warming causes volcanoes) but it is the last paragraph that really caught my eye:

So much ice in Iceland has melted in the past century that the pressure on the
land beneath has lessened, which allows more of the rock deep in the ground
to turn to magma. Until the ice melted, the pressure was so intense that the
rock remained solid.

Carolina Pagli, of the University of Leeds, led research which calculated that
over the past century the production of magma had increased by 10 per cent.

The research team, reporting their findings in the journal Geophysical
Research Letters
, said an extra 1.4 cu km of magma has been created
under the Vatnajökull ice-cap in the past 100 years.

Since 1890 the ice-cap has lost 10 per cent of its mass, which has allowed the
land to rise by up to 25m (82ft) a year. The volume lost between 1890 and
2003 is estimated at 435 cu km.

Leaving aside cause and effect (e.g. does ice cap melting cause more hot stuff in the ground or does more hot stuff in the ground melt ice), consider the statement that the ground has risen under the ice cap by 82 feet per year for 118 years.  This gives us a rise in the land of 9,676 feet after just 10% of the ice mass has supposedly melted.  Note that this is an enormous, totally non-sensical value.  It implies that a full melting of the ice might increase the land height by 10x this amount, or nearly 100,000 feet  (airplanes stay away!!)  As another check, 9,676 is more than the entire depth of the Iceland ice sheet (it is about the same as what scientists think the Greenland ice sheet depth is).  Another way of looking at this is this is about 1/8-inch land surface rise PER HOUR for the last century. 

I am not sure how any writer or editor on the planet could look at "82 feet a year for 118 years" and not smell a rat.

Day Late, Billions of Dollars Short

The NY Times has finally published a comprehensive take-down on the insanity of biofuel subsidies here.  All well and good, but this is at least five years too late.  For years, while this and other blogs have tried to point out that the biofuel emporer's has no clothes, the NY Times has been publishing breathless articles in support of biofuel subsidies and mandates, in fact criticizing the Bush administration and Congress for not moving faster on them. 

So is this what we must expect from the NY Times and the rest of the media?  Shameless pandering to politically correct policy goals that make no scientific sense until it is virtually too late to halt their momentum?  If so, everyone should read the Times' coverage on climate with a jaded eye, because it would not surprise me in the least to see the Times publish the definitive article on why the global warming alarmists are full of hot air only after Congress has gutted our economy with new climate taxes and mandates. 

Thoughts on Prosecutorial Abuse

With Eliot Spitzer going down for what shouldn't be a crime (paying for sex) rather than what should be (abuse of power), now is as good a time as ever to focus on prosecutorial abuse.  As in the case of Spitzer, the media seems to have little desire to investigate overly-aggressive prosecution tactics.  In fact, in most cities, the local media cheer-leads abusive law enforcement practices.  It makes heroes of these abusive officials, whether their abuses be against the wealthy (in the case of Spitzer) or the powerless (as is the case of our own Joe Arpaio here in Phoenix).

Tom Kirkendall continues to be on the case of the Enron prosecution team for their abuses, which have been ignored in the media during the general victory dance of putting Jeff Skilling in jail and running Arthur Anderson out of business.  But, guilty or innocent, Skilling increasingly appears to have solid grounds for a new trial.  In particular, the Enron prosecution team seems to have bent over backwards to deny the Skilling team exculpatory evidence.  One such tactic was to file charges against every possible Skilling witness, putting pressure on them not to testify for Skilling.  Another tactic was more traditional - simply refuse to turn over critical documents and destroy those that were the most problematic:

The controversy regarding what Fastow told
prosecutors and FBI agents who were investigating Enron became a big
issue in the Lay-Skilling prosecution when the prosecution took the
unusual step of providing the Lay-Skilling defense team a "composite
summary" of the Form 302 ("302's") interview reports that federal
agents prepared in connection with their interviews of Fastow. Those
composites claimed that the Fastow interviews provided no exculpatory
information for the Lay-Skilling defense, even though Fastow's later
testimony at trial indicated all sorts of inconsistencies

However,
I have spoken with several former federal prosecutors about this issue
and all believe that the government has a big problem in the Skilling
case on the way in which the information from the Fastow interviews was
provided to the Lay-Skilling defense team. None of these former
prosecutors ever prepared a composite 302 in one of their cases or ever
used such a composite in one of their cases. The process of taking all
the Fastow interview notes or draft 302's and creating a composite is
offensive in that it allowed the prosecution to mask inconsistencies
and changing stories that Fastow told investigators as he negotiated a
better plea deal from the prosecutors. 

Similarly,
the Enron Task Force's apparent destruction of all drafts of the
individual 302s of the Fastow interviews in connection with preparing
the final composite is equally troubling. Traditionally, federal agents
maintain their rough notes and destroy draft 302s. However, in regard
to the Fastow interviews, my sense is that the draft 302s were not
drafts in the traditional sense. They were probably finished 302's that
were deemed "drafts" when the Enron Task Force decided to prepare a
composite summary of the 302's.

Note that showing how a person's story has changed over time is a key prosecution tactic, but one that is being illegally denied to Skilling.  Apparently Skilling's team has now seen the actual interview notes, and believe they have found "a sledgehammer that destroys Fastow's testimony" against Skilling.  Stay tuned, a new trial may be on the horizon.

Stranger than Fiction -- Eliot Spitzer and Prostitutes

My novel BMOC included an incompetent and power-abusing Senator who managed to remain a darling of the press as long as he focused his attention on pork-barrel spending and using government power to help and hurt his friends and enemies.  However, the press finally turned on him when it became known he was involved with prostitutes.  The fairly cynical (if not realistic) moral was that it was fine to abuse government power, just don't get caught in a sex scandal.

Well, it seems that we will get to test that notion in real life.  Apparently, NY governor Eliot Spitzer has been dallying with prostitutes.  Now, I couldn't really care less about his purchase of sex -- I have argued many times for legalization of prostitution.  But it will be an interesting test of my book's cynical hypothesis, since to date the press has been in love with Spitzer despite (even because of) his abusive practices as AG and governor.  The radio news a few minutes ago actually said "Mr. Spitzer, who to date has had a squeaky clean reputation..."  Huh?  Only if you read the fawning PR work done for him by the NY Times in the past.

Update: Here is the passage from the book.  Sound familiar?

Taking a deep
breath, Givens said, "Senator, there is a reason that this one is not going
away. I will spell it out: S-E-X. The press doesn't give a shit about a few billion dollars of waste. No one tunes in to the evening news if the
teaser is "˜Government pays too much for a bridge, news at eleven.' The Today Show doesn't interview the
contractors benefiting from a useless bridge."

"However, everybody and his dog will tune in if
the teaser is "˜Your tax dollars are funding call girls, film at eleven'. Jesus, do you really think the CBS Evening
News is going to turn down a chance to put hookers on the evening news? Not just tonight but day after day? Just watch "“ Dan Rather will be interviewing
hookers and Chris Mathews will be interviewing hookers and for God's sakes
Barbara Walters will probably have a weepy interview with a hooker."....

"You guys in the Senate can get away with a lot,
as long as long as a) you don't get caught or b) the scandal is so boring or
complex that it won't sell newspapers. Hell, I saw a poll the other day that a substantial percentage of
Americans to this day don't understand or even believe what Richard Nixon did
was wrong. But if you polled those same
people, every freaking one of them would say that they knew and believed that
Bill Clinton got [had sex with] an intern.

Update #2: Disclosure -- I did not like Spitzer, even at Princeton.  This, however, was not uncommon.  In fact, Spitzer managed to inspire a jihad in response to his governance of the student council there.

Update #3:  ROFL!  I got this email from a reader:

I eagerly await your
comments on the latest imbroglio involving your favorite Princeton
classmate.  Please don't take the high road.

It seems I may not be the only person who does not care for Mr. Spitzer.

Update #4:  I hope the girls paid sales taxes on their transactions and have all their payroll taxes in order.  Certainly Mr. Spitzer has established the principle that illegal businesses still owe taxes.

That seems to be the axiom in New York these days, where Gov. Eliot L.
Spitzer (D), struggling to close a $4.4 billion budget gap, has
proposed making drug dealers pay tax on their stashes of illegal drugs.
The new tax would apply to cocaine, heroin and marijuana, and could be
paid with pre-bought "tax stamps" affixed to the bags of dope.

Update #5:  Libertarians like myself will point out that this is all between consenting adults.  Of course, that did not stop Eliot Spitzer from trying to prosecute Dick Grasso for a pay package that was approved by consenting (and quite sophisticated) adults.

Update #6: It is being reported that Spitzer will resign.  QED folks.  Spitzer uses the state police to spy on political rivals and the press continues to call him a squeaky clean reformer.  But pay for sex with a consenting adult, and your gone. 

Update #7:  Tom Kirkendal has been all over Spitzer for years.  He writes:

But I hope that the most important lesson that
Spitzer's political career teaches us is not lost amidst the glare of a
tawdry sex scandal. As with Rudy Giuliani
before him, Spitzer rose to political power through the misuse of the
state's overwhelming prosecutorial power to regulate business
interests. In so doing, Spitzer manipulated an all-too-accommodating
mainstream media, which never misses an opportunity to take down an
easy target such as a wealthy businessperson. Spitzer is now learning
that the same media dynamic applies to powerful politicians, as well. 

However, as noted earlier here,
where was the mainstream media's scrutiny when Spitzer was destroying
wealth, jobs and careers while threatening to go Arthur Andersen on
American Insurance Group and other companies? Where was the healthy
skepticism of the unrestrained use of the state's prosecutorial power
to regulate business where business had no available regulatory
procedure with which to contest Spitzer's actions?

Numbers in the Media Are Almost Meaningless

Every time I dig into numbers in a media report, I typically find a real mess.  Russell Roberts finds the situation even worse than average in the recent Washington Post article on middle class finances.

The debt figure of $55,000 in 2004 (which supposedly is 151% higher
than in 1989 to pay for day-to-day expenses) is actually ALL forms of
debt INCLUDING mortgage debt. So how can that be? How can the median
family have only $55,000 of all kinds of debt when there's $95,000 of
mortgage debt all by itself?

That's because each line of the chart (other than the top line and
the bottom line) is a subset of all families and a different subset.

So among families that have mortgage debt (maybe 40-50% of all
families) the median mortgage debt among those families is $95,000.

But among families that have any kind of debt, (about 3/4 of all families) the median indebtednes including all kinds of debt
is $55,000. That includes mortgages debt....

So you can't add up any of the lines of the chart or even compare
them to each other. They're each for a different subset of the
population, the population who have that kind of debt or asset.

San Francisco City Government Outspends Exxon on Climate Advocacy

A bunch of media outlets credulously ran a Greenpeace press release as a news story last year, hammering on Exxon for donating a cumulative $2 million dollars to "skeptical" climate researchers.  Never mind that no one could explain what was so ominous about an American company exercising its free speech rights.  I and other pointed out that this $2 million was a trivial amount of spending compared to the billions that had been routed to global warming activists. 

This week, we get a great example.  While over a period of a decade, the great Satan ExxonMobil spent $2 million on climate issues, it turns out one city government, in San Francisco, spends this much each year on global warming activism:

In his quest to make San Francisco the greenest city in the nation,
Mayor Gavin Newsom recently created a $160,000-a-year job for a senior
aide and gave him the ambitious-sounding title of director of climate
protection initiatives.
...
But officials in the Newsom administration say that even 25 people working on climate issues is not enough and that having a director in the mayor's inner circle is necessary to coordinate all the city's climate initiatives."

If
there are 25 people working on climate protection issues for the city,
that's a good start," Newsom spokesman Nathan Ballard said. "Ten years
ago [when the "globe" was still "warming"], there probably weren't any.
It's smart policy to have one point person at the highest level of city
government to coordinate all 25 of them."

The city has a climate
action plan, issued by Newsom after he took office in 2004, that aims
to cut the city's greenhouse emissions by 2012 to 20 percent below
1990's level.

In addition to the director of climate protection
initiatives in Newsom's office, San Francisco has an Energy and Climate
Program team of eight people in the Department of the Environment, who
combined earn more than $800,000 a year in salary and benefits,
including a "climate action coordinator." At least 12 San Francisco
Public Utilities Commission staff members work on climate issues
related to water and energy, including a $146,000-a-year "projects
manager for the climate action plan."

Also in the name of
climate control, the Municipal Transportation Agency has a "manager of
emissions reductions and sustainability programs" who works on making
Muni's bus fleet greener, and the San Francisco International Airport
has a "manager of environmental services" who oversees such projects as
the installation of energy-efficient lighting and solar panels.

The
list doesn't include the scores of staff members who work on broader
environmental policies, like the recently hired $130,700-a-year
"greening director" in Newsom's office, or Jared Blumenfeld, who earns
$207,500 a year in salary and benefits as the head of the city's
Environment Department, which has a staff of 65 and annual budget of
about $14 million.

It borders on journalistic malpractice that nearly every article on skeptics delve into their funding sources but no reporter ever seems to have ever asked climate alarmists about their funding sources nor delved into these funding issues.

The Format Wars May Be Over

It looks like Blu-Ray will soon defeat HD-DVD

Fans of Toshiba's HD DVD format have been kicked while they're down, this time by Wal-Mart's decision to ditch the format,
and sell Blu-ray players and media exclusively. Effective June, the
move is the result of customer feedback, and an attempt to "simplify"
patron's decisions. This news closely follows Best Buy's decision to
also give the format the boot. Speculation has already surfaced that
suggests Toshiba will abandon their own format "in the coming weeks"...

So file all that HD-DVD software next to your Betamax tapes.  I actually preferred the HD-DVD format, but thought from the beginning that Blu-Ray's position in home gaming machines, which immediately gave them a huge installed based before any of us started buying High Def. movie players for our home theaters, might give it a lead that could not be overcome. 

Most consumers have just wanted the format wars to be over so they could pick the right player and software (I partially avoided this problem by buying a combo player).  This is an interesting consumer-friendly role for Wal-Mart that I have never seen discussed, that of standards-setter.

So here is a message to Blu-Ray:  Now that you are on the verge of victory, you need to clean up your own house.  The creeping standards problem you have had, which has caused early players to be unable to play newer disks, has got to end.  In particular, it is irritating not to be able to play a newer disk because the fancy multimedia menu won't work.  When when you learn that we aren't interested in all that crap and just want the movie to start?  Just because the technology says you can do that stuff does not mean that you should.

Update: Reuters with the same news, and a rumor that Toshiba has already shut down production line.

Extrapolating From One Data Point

I had a friend in the consulting business that used to joke that he preferred to only have one data point when he had a point he wanted to make.  "If you only have one data point, you are free to slam a line through it in any direction and at any slope you want.  Once you have two, you are more constrained."

I am reminded of that story reading Trevor Butterworth's fabulous take down of typically bad media "science" scare story, this one on fireproofing materials in mattresses.  He has a lengthy fisking, but concludes:

What CBS produced is an advertorial for ABC Carpets and Homes, more
suited to a shopping channel. By failing to test any of the claims for
a risk against the science, by using a sample of one self-diagnosed
couple, by testing nothing, and not even bothering to interview someone
from the CPSC, let alone an independent toxicologist, the viewer is
left with the message: buy a bed at ABC if you want to be safe.

Tornadoes

It is incredible to me that anyone could treat Senator Kerry seriously at this point, but a credulous media seems to be lapping up his accusations that recent tornadoes represent an increase in such storm activity caused by global warming. 

I am way too tired of refuting this stuff over and over to repeat the whole post I put up a while ago about tornado frequency, but you can find it here.  But here is the short answer for those to tired to click through:  Apparent increases in tornado frequency are an artifact of improved technology that can detect more tornadoes.  If one corrects for this by looking only at tornadoes of the larger sizes (3-5) that were consistently detectable with 1950's technology, there has actually been a small decreasing trend in tornado strikes in the US.

This is drop-dead obvious to anyone who knows anything about weather.  However, since it keeps coming up, the NOAA has an explanation quite similar to mine plastered all over their site.

With increased national doppler radar coverage, increasing population,
and greater attention to tornado reporting, there has been an increase
in the number of tornado reports over the past several decades. This
can create a misleading appearance of an increasing trend in tornado
frequency. To better understand the true variability and trend in
tornado frequency in the US, the total number of strong to violent
tornadoes (F3 to F5 category on the Fujita scale) can be analyzed.
These are the tornadoes that would have likely been reported even
during the decades before Dopplar radar use became widespread and
practices resulted in increasing tornado reports. The bar chart below
indicates there has been little trend in the strongest tornadoes over
the past 55 years.

My daughter when she was 9 years old was able to more accurately portray this fact in a class project than did Mr. Kerry.

Pseudo-Science Wack-a-Mole

Well, another pseudo-scientific "threat" that made front pages everywhere has been shot down by careful science.  Most of these stories are so dumb they shouldn't have ever made the press in the first place, but even when the weight of science is piled up against scare-mongering conjecture, the media addiction to treating these "threats" seriously still cannot be cured.  Just observe the continued media treatment of Thimerosal-autism concerns as somehow justified despite rock-solid science that there is no connection.  How long do we have to keep playing pseudo-science wack-a-mole?  Will media editors ever be able to bring respectability to their profession vis-a-vis science-related issues?

More on Public School Spending

Bill Steigerwald has a great editorial in the Pittsburgh Tribune-Review dissecting per-pupil public school spending in Pittsburgh.  Generally, when I quote media articles about school spending, I have to do what should be the obvious analyses myself (as with this pathetic Washington Post piece on school spending).  However, this would be totally redundant for Steigerwald's column.  I encourage you to read it all, but here are some highlights for Pittsburgh schools:

  • Per pupil spending in the public schools is $18,719
  • Quality private schools in Pittsburgh charge from $7,000 to an elite level at $19,500.  Humorously, just over $12,000 will get you a year at the University of Pittsburgh
  • Barely half of this spending goes towards the classroom.  The rest, presumably, goes to funding a probably enormous corps of vice-principals.  (If you ever are at a school board meeting that allows public comment or Q&A, ask how many vice-principals they have in their system).  In Pittsburgh, administrative costs are 72.5% of teacher salary costs, meaning there are likely about 3 administrators for every 4 teachers.  Ugh.
  • Teachers make $86,000 in salary and benefits, or $114,667 if you adjust for the fact they only work 9 months of the year.  Kind of obviates the "teachers are underpaid" myth.

The only other thing I would have called the schools out on is their defense that they have to pay transportation, administration, and debt service out of these costs, as if somehow this made their numbers non-comparable to private benchmarks.  So what?  Do you think my kid's private school evades these costs somehow?  Their school charges about $6,500 for middle school, and they make a profit on this (and do not get any donations).  I am pretty sure they also have to pay for administration of multiple schools (they have a network of 5 schools) and for debt service on the capital costs to build the schools in the first place.  Our schools don't have transportation, but many other private schools do.

Like Bill Gates Complaining About Starbucks Prices

I thought this from

At Montgomery Blair High School in Silver Spring, parents fear cuts in
Montgomery County's proposed $2.1 billion budget will threaten the
math-science magnet program.

Schaeffer puts this in perspective:

The desperate schools of Montgomery County will need to find some way
[to] stretch the $15,246 they have to spend on each of the 137,745 students
in their schools.

This is simply hilarious.  Sometimes it is hard to compare per-pupil spending on an apples to apples basis since each grade tends to be progressively more expensive than the last (high school is more expensive than middle school which is more expensive than elementary school).  Recognize that this is only partially because the education per se is more expensive at each step -- it is more because the expectation of extra-curriculars (sports, theater, etc.) go up at each level. 

However, taking 8th grade as a mean, I can say that my 8th-grader's tuition in a for-profit private school that receives no donations or outside scholarship money is less than half $15,246.  And the education he gets is generally considered the best in the city  (though his school is lighter than some rich-suburb public school on extra-curriculars).

If you have any doubt that local media generally act as cheerleaders for increased public spending, look no further than this.  Note the newspaper quote (from the Washington Post) and then Schaeffer's context:

I have saved the most touching story for last . . .

In Loudoun County, School Board members approved a
budget 14 percent higher than last year's to accommodate an expected
3,000 new students. The county faces a projected $250 million
shortfall, and the 54,000 student system will probably have to look for
new places for savings.

My heart goes out to the Loudoun County administrators. I can't see
how anyone can be expected to educate a child with just $15,000 or to
cover a 6 percent enrollment increase with just a 14 percent increase
in the budget.

The New Stadium Lie

This week, we in Phoenix are supposedly getting our payoff for subsidizing the hapless Arizona Cardinals with a billion dollar football stadium that is used for its intended purpose (football games) for 33 hours per year  (3 hours per game times 11 games:  2 Cardinals pre-season, 8 home regular season, Fiesta Bowl).  In exchange we get a nicer stadium (if I were to want to see a Cardinals game live) but worse TV options (because instead of the best game of the week, we have to see our home team).

The big selling point, the cherry on top of the sundae the NFL uses to push new stadiums, is a Superbowl.  Which is in town this week.  So far, the huge economic stimulus has not really poured into our household, but I guess I need to be patient.  Anyway, the timing seems good to link this article, which comes via the Sports Economist:

If you build it, they will come. This is usually the mantra of those in
favor of publicly financed sports stadiums, including the current
proposal for a new soccer stadium in Chester. In this case they
are visitors whose spending would turn devastated cities and
neighborhoods into exciting destination points. Local schools,
merchants, and residents all would benefit as municipal coffers swelled.

There's only one problem with this scenario. It's not true. Never has been. They
do come, but cities are not saved. Over the past two decades, academic
research has generated literally hundreds of articles and books
empirically challenging the alleged economic wonders of new stadiums,
even when they're part of larger development schemes. I have been
studying and writing about publicly financed stadiums for more than 10
years and cannot name a single stadium project that has delivered on
its original grandiose economic promises, although they do bring
benefits to team owners, sports leagues and sometimes players....

Why, then, given the overwhelming academic research challenging
stadium-centered economic development do political leaders (if not
average citizens) still support such projects? In a just-released
article in the Journal of Sport and Social Issues, my colleagues and I
studied media coverage of 23 publicly financed stadium initiatives in
16 different cities, including Philadelphia. We found that the
mainstream media in most of these cities is noticeably biased toward
supporting publicly financed stadiums, which has a significant impact
on the initiatives' success.

This bias usually takes the form of uncritically parroting stadium
proponents' economic and social promises, quoting stadium supporters
far more frequently than stadium opponents, overlooking the numerous
objective academic studies on the topic, and failing to independently
examine the multitude of failed stadium-centered promises throughout
the country, especially those in oft-cited "success cities" such as
Denver and Cleveland.

I can attest to the latter.  During the run up to various stadium-related referenda, the media was quite rah-rah for the stadium subsidies.  In fact, on radio, several talk show hosts denigrated voters who opposed the stadium subsidies as "stupid old retired people."  I remember calling in to a couple of talk shows opposing the stadium bills and being treated like a Luddite.

My article on sports team relocations and stadium subsidies as a prisoners dilemma game is here.

Does Anyone Have A Feeling For Numbers Anymore?

The Boston Globe, in its usual blundering math-challenged media way, blithely published an editorial the other day that included this hilarious "fact"

Since June, Israel has limited its exports to Gaza to nine basic
materials. Out of 9,000 commodities (including foodstuffs) that were
entering Gaza before the siege began two years ago, only 20 commodities
have been permitted entry since. Although Gaza daily requires 680,000
tons of flour to feed its population, Israel had cut this to 90 tons
per day by November 2007, a reduction of 99 percent. Not surprisingly,
there has been a sharp increase in the prices of foodstuffs.

OK, the Gaza has over a million residents, but do these 1.4 million people really require 1.36 million pounds of flour a day??  I find that hard to believe, and amazing that no editor even asked the question, much less checked.

Update:  Did a search.  Found this.  The Palestinian ministry puts consumption around 350 tons per day.  That makes a bit more sense.  Congratulations on missing the number by over 3 orders of magnitude.  You can bet they are doing a lot of quality fact-checking on those global warming estimates too.

Update 2: I agree with the commenter that the number they should have used was something like 680,000 pounds rather than tons.  I would have written it off as a typo, transposing tons for pounds, but the math was based on it being tons, not pounds, so it is not just a typo issue.

Prosecutorial Abuse

Tom Kirkendall has stayed on the case of Enron Task Force prosecutorial abuse even while most of the world has turned away, apparently believing that "mission accomplished"  (ie putting Skilling in jail) justifies about any set of shady tactics.

But the evidence continues to grow that Skilling did not get a fair trial.  We know that the task force bent over backwards to pressure exculpatory witnesses from testifying for Skilling, but now we find that prosecutors may have hidden a lot of exculpatory evidence from the defense.

Meanwhile, continuing to fly under the mainstream media's radar
screen is the growing scandal relating to the Department of Justice's
failure to turnover potentially exculpatory evidence to the defense
teams in two major Enron-related criminal prosecutions (see previous
posts here and here). The DOJ has a long legacy of misconduct in the Enron-related criminal cases that is mirrored by the mainstream media's myopia in ignoring it (see here, here, here, here and here).

This motion
filed recently in the Enron-related Nigerian Barge criminal case
describes the DOJ's non-disclosure of hundreds of pages of notes of FBI
and DOJ interviews of Andrew Fastow, the former Enron CFO who was a key prosecution witness in the Lay-Skilling trial and a key figure in the Nigerian Barge trial.

Enron Task Force prosecutors withheld the notes of the Fastow
interviews from the defense teams prior to the trials in the
Lay-Skilling and Nigerian Barge cases. If the Fastow notes turn out to
reflect that prosecutors withheld exculpatory evidence or induced
Fastow to change his story over time, then that would be strong grounds
for reversal of Skilling's conviction and dismissal of the remaining
charges against the Merrill Lynch bankers in the Nigerian Barge case.

The post goes on to describe pretty substantial violations of FBI rules in handling interviews with Fastow, including destruction of some of the Form 302's summarizing early interviews.  The defense hypothesis is that Fastow changed his story over time, particularly vis a vis Skilling's involvement, under pressure from the task force and the 302's were destroyed and modified to hide this fact from the defense, and ultimately the jury.

Long Time in Coming

Just about everything in the PC architecture has been upgraded -- much better microprocessors, more elaborate OS's, more memory, a much higher bandwidth bus architecture, etc.  However, one bit of 1980's era design still sits at the heart of the computer - the BIOS.  Sure, manufacturers have agreed to some extensions (particularly plug and play) and motherboard makers add in extensions of their own (e.g. for overclocking) but the basic BIOS architecture and functionality, which sits underneath the OS and gets things started when you flip the "on" switch, is basically unchanged. 

A few years ago, Intel proposed a replacement, but ironically only Apple has picked up on the BIOS replacement called EFI.  Now, it appears, at least one leading motherboard manufacturer for PC's is putting a toe in the water:

The specification allows for a considerable change in what can be implemented
at this very low level.

EFI is a specification that defines a software interface between an operating
system and platform firmware. EFI is intended as a significantly improved
replacement of the old legacy BIOS firmware interface used by modern PCs....

Graphical menus, standard mouse point-and-click operations,
pre-operating-system application support such as web browsers, mail applications
and media players, will all feature heavily within EFI.

Why These Particular People?

People have been defaulting on mortgages for all of recorded history.  In Roman times, such a default could well result in the mortgage-holder getting sold into slavery, so things have improved a bit.  But seriously, people default on their mortgages all the time.  So what makes those currently in default more deserving of taxpayer aid than those before them or after them?  I mean, other than the fact that the press is paying attention to these particular defaults?  A similar question was reasonably asked of 9/11 victims who scored government compensation when victims before or after of other transportation accidents and building fires have not been so rewarded.

I challenge any politician to answer this question with an answer other than "well, these people are in the media spotlight right now and as a politician, I want to be in the spotlight with them."

Update: More analysis here, including the bright side of the burst housing bubble:

Countrywide wants to be
able to take its loans that the market won't accept and refi them under
FHA or FNMA. That's what this is all about. Don't forget that.

It's
not about homeownership. Let's look at the latest 25th percentile
(starter homes) list prices for a range of CA cities, compared to the
price in January 2007:

LA: $365,000/ $429,920
OC: $414,900/ $499,000
Riverside: $259,900/ $335,000
Sacramento: $229,900/ $316,477
San Diego: $325,000/ $392,279
San Francisco: $380,000/ $468,376
San Jose: $489,950/ $580,589
Santa Cruz: $489,000/ $577,400

What
you see above is great news for all the people who would like to buy
homes without going bankrupt a few years down the line. It's VERY bad
news for banks and financial companies that made the original bad loans
without bothering to check whether the borrowers could pay the danged
loan. You figure out who this country should reward - responsible
aspiring home owners or stupid banks.

Video Update

Many of the feed readers out there grabbed my feed before I had fixed the video links in my post on my new climate video.  The links are fixed in the original post, but if those fixes are not reflected in your feed, the correct links are below.  Right click on the links to save:

Sorry about that.

New Climate Short: Don't Panic -- Flaws in Catastrophic Global Warming Forecasts

After releasing my first climate video, which ran over 50 minutes, I had a lot of feedback that I should aim for shorter, more focused videos.  This is my first such effort, setting for myself the artificial limit of 10 minutes, which is the YouTube limit on video length.

While the science of how CO2 and other greenhouse gases cause
warming is fairly well understood, this core process only results in
limited, nuisance levels of global warming. Catastrophic warming
forecasts depend on added elements, particularly the assumption that
the climate is dominated by strong positive feedbacks, where the
science is MUCH weaker. This video explores these issues and explains
why most catastrophic warming forecasts are probably greatly
exaggerated.

You can also access the YouTube video here, or you can access the same version on Google video here.

If you have the bandwidth, you can download a much higher quality version by right-clicking either of the links below:

I am not sure why the quicktime version is so porky.  In addition, the sound is not great in the quicktime version, so use the windows media wmv files if you can.  I will try to reprocess it tonight.  All of these files for download are much more readable than the YouTube version (memo to self:  use larger font next time!)

This is a companion video to the longer and more
comprehensive climate skeptic video "What is Normal -- a Critique of
Catastrophic Man-Made Global Warming Theory
."

Using Copyright Law to Block Price Arbitrage

Movie producers sell DVDs cheaper in, say, Taiwan than they do in the US.  This is not an unheard of economic phenomenon -- it happens in every commodity and product.  The reason we don't notice these price differences too much is that traders and arbitragers and shipping companies will target the largest price differentials and take advantage of them by buying and shifting products around until the price differential is less than the transportation and transaction costs.  Basic economics.

However, despite a number of structural advantages that already serve to reduce this cross-flow (e.g. different languages), the media companies are trying to stretch copyright law far beyond what CopyOwner says is legally defensible:

Copyright owners (including the owners of the "works" embodied in
the copyrighted labels on common non-copyrighted goods) like to
discriminate in pricing by creating artificial markets so that
discounts in one market won't be resold at a lower price in over-priced
markets. The thinking goes, "Why let U.S. consumers get the benefit of
prices that are affordable to people in developing countries when we
know we can get more out of the U.S. consumer's pocket?"

The
"first sale doctrine," now codified as Section 109 of the Copyright
Act, makes clear that the copyright owner's right of distribution is
subject to the copy owner's right to sell it to anyone, anywhere, at
any price. And that's great policy. Entrepreneurs who see too big a gap
between the prices charged U.S. consumers and the prices charged
consumers elsewhere for identical copies can buy the cheaper product
and sell it at a profit, while still giving the U.S. consumer a better
bargain.

But that's not why I nearly fell out of my chair. I
was used to these anti-competitive price discriminators ranting about
perfectly lawful gray market goods. What this story does is label these
perfectly legal importers as pirates. That's right. Despite quoting the
Supreme Court in Quality King Distributors v. L'anza Research International,
that "once the copyright owner places a copyrighted item in the stream
of commerce by selling it, he has exhausted his exclusive statutory
right to control its distribution," a ruling that suggests that the
evildoers are those who try to circumvent the law by preventing gray
market imports, they go on to call the importers "pirates"

Big Round Number

It is always amazing how big round numbers hold the media in thrall.  Last week we saw the inevitable spate of articles about oil crossing the $100 mark, if only for a few minutes of trading  (actually, the more interesting milestone was somewhere back in the low $90 range when we exceeded the highest past price for oil in inflation-adjusted dollars).

I don't get hugely worked up about gradual commodity price changes.  Oil price increases are signals, signaling marginal consumers to use less and suppliers with historically marginal sources and substitutes to consider their development.  Also, our economic dependence on oil per dollar of GDP has declined, meaning that $100 oil has less impact on the economy than, say, it would have 20 years ago:

Insightnov07energysec3

I would certainly prefer lower oil prices, and my business suffers to some extent when gas prices rise, but it is not a disaster  (it is interesting that higher oil prices are considered bad in the media, while lower home prices are considered bad in the media).  I know from past experience in the oil patch that oil price bubbles are often followed by oil price drops.  The high oil prices of the seventies were followed by rock-bottom oil prices in the eighties, and subsequent recession in the oil patch (causing the housing bust I discussed here). 

Also, given how we got to these higher oil prices, I tend to take them as good news.  Oil prices are not rising due to some drop off in supply.  Instead, they are rising because of a strong global economy, in particular with millions of people entering the middle class in Asia.  This is GOOD news. 

I have written on peak oil a bunch, so I won't get into it again.  Oil production at worst is going to flatten out for a long time, meaning we will have a steady rise in oil prices over time as the economy grows.  If you want a third party evaluation of peak oil theory, go ask climate catastrophists who believe that CO2 production is an impending disaster for the economy.  These guys know that there are lots of unproduced hydrocarbons out there, and it terrifies them.   Al Gore and James Hansen were running around last week trying to close off Canadian tar sands from development.

Finally, after this series of random thoughts, one more interesting take on this via Megan McArdle:  $100 oil was a stunt

Some observers questioned the validity of the price mark when it
emerged that the peak was the result of a trader "“ one of the "locals"
who trade on their own money "“ buying from a colleague just 1,000
barrels of crude, the minimum allowed, industry insiders said. The deal
on the floor of the New York Mercantile Exchange was at a hefty premium
to prevailing prices.

Insiders named the trader as Richard Arens, who runs a brokerage
called ABS. He was not available for comment. Analysts said he may have
been testing the ceiling of the crude price, but the premium he paid
surprised the market.

Before the $100-a-barrel trade, oil prices on Globex were at $99.53
a barrel. Immediately after the trade, prices went down to about
$99.40, suggesting a trading loss of $600 for Mr Arens.

Stephen Schork, a former Nymex floor trader and editor of the
oil-market Schork Report, commented: "A local trader just spent about
$600 in a trading loss to buy the right to tell his grandchildren he
was the one who did it. Probably he is framing right now the print
reflecting the trade."

I Called This One

I made this prediction way back in February of 2005:

I resisted the call by a number of web sites at the beginning of the
year to make predictions for 2005.  However, now I will make one:  We
will soon see calls to bring a tighter licensing or credentialing
system for journalists, similar to what we see for lawyers, doctors,
teachers, and, god help us, for beauticians
.  The proposals will be
nominally justified by improving ethics or similar laudable things,
but, like most credentialing systems, will be aimed not at those on the
inside but those on the outside.  At one time or another, teachers,
massage therapists, and hairdressers have all used licensing or
credentialing as a way to fight competition from upstart competitors,
often ones with new business models who don't have the same
trade-specific educational degrees the insiders have....

Such credentialing can provide a powerful comeback for industry insiders under attack.  Teachers, for example, use it every chance they get to attack home schooling and private schools,
despite the fact that uncertified teachers in both these latter
environments do better than the average certified teacher (for example,
kids home schooled by moms who dropped out of high school performed at
the 83rd percentile).  So, next time the MSM is under attack from the blogosphere, rather than address the issues, they can say that that guy in Tennessee is just a college professor and isn't even a licensed journalist.

So here we go, here are a few recent such calls for licensing of journalists.  The first via Hot Air:

Supporters of "citizen journalism" argue it provides independent,
accurate, reliable information that the traditional media don't
provide. While it has its place, the reality is it really isn't
journalism at all, and it opens up information flow to the strong
probability of fraud and abuse. The news industry should find some way
to monitor and regulate this new trend....

The premise of citizen journalism is that regular people can now
collect information and pictures with video cameras and cellphones, and
distribute words and images over the Internet. Advocates argue that the
acts of collecting and distributing makes these people "journalists."
This is like saying someone who carries a scalpel is a "citizen
surgeon" or someone who can read a law book is a "citizen lawyer."
Tools are merely that. Education, skill and standards are really what
make people into trusted professionals. Information without
journalistic standards is called gossip.

But that one is downright sane compared to this, from Cleveland's Voice for Social Justice (have you noticed how "social justice" always seems to require forcefully silencing people?):

For every champion of journalism who write stories about Walter Reed or
Extraordinary Rendition Flights, there are two reporters at Channel 19
who care very little about society. For every Seymore Hersh there are five Michelle Malkins or Ann Coulters.   With citizen journalists spreading like wildfire in blogs, we seem to have one Froomkin created, there are five extremist blogs proclaiming the assaults on homeless people everyday....

The Society of Professional Journalists must start licensing
journalists or the government will start doing it for them. We need to
start taking this practice seriously and separate the real journalists
from the fakes. The decisions made by journalists have consequences for
ruining people's lives or for causing grief, suicide or even murder.
The genocide in Rhwanda were carried out using the radio commentators
to urge citizens to kill Tutsis. If journalists want to be taken
seriously they must figure out how to separate the real from the
O'Reilly types. They must set up a structure to license journalists
with an enforcement mechanism to strip bad journalists from practicing
their craft.

This is from the weblog of a bunch of media students:

It scares me to think that the field I will going pursuing when I
graduate might be confused with entertainment reporting "“ things like
"Who Ben Affleck is dating now" and "Will Brad and Jen get back
together." Certainly, these things are news to a select few. I will
not, however, get into the whole tabloid issue. I seems to have sparked
some intense debate with that one a few weeks ago. But, I am worried
that with the onslaught of weblogs and internet news, many readers and
listeners will get confused and think what they're reading and watching
is actually news. I have nothing against web loggers, even though they
are a threat to my future career. But, all of this leads me to question
the professionalism of journalism.

Should we license journalists? This has been a question that has
been debated back and forth for awhile. Many journalists are against
the idea because they believe that that would mean licensing
information and licensing free speech. But I think we need to look at
the issues at hand right now. The news is getting out-of-hand. The
public is being onslaught with an enormous amount of information due to
our increasing rush of technology and it has to be hard for them to
differentiate between real news and opinions being costumed as news.
This is why we need to start seriously considering licensing
journalists. It may be the only real hope for the future of
journalists. With licenses, we can hold on to whatever ethical and
moral characteristics we have left in the news business. There will be
no more "parading reporters" and no more "video news releases." Who
thinks we should pursue this? Who thinks the entire idea is ridiculous?

Some countries are seriously considering it.  Brazil and Indonesia are looking into licensing their journalists.  Here's an article
from Indonesia - even though it's agaist thh idea of licensing it's
still a good example of how serious this debate is becoming

Its good we are taking lessons on free speech and the media from Indonesia and Brazil.  I probably should not make fun of the typos and grammar errors in this post by a "media student" since I make such mistakes all the time.  Of course, I am not a "licensed journalist."

This is not a new issue.  In the early 1980's, the US vigorously resisted attempts by the UN to implement a variety of euphemisms that boiled down to licensing requirements for international journalists.