Archive for the ‘Politics’ Category

Carbon Cycle: Emissions from forest clearance underestimated, land absorption underestimated

May 23, 2014

Two new papers just published show that the carbon cycle is far from being certain. We still have large uncertainties regarding the sources of carbon dioxide emissions and their magnitude and the sinks where, and mechanisms by which, carbon dioxide is absorbed. One in Global Change Biology. shows that emissions due to forest clearance have been underestimated by some 40% while the second in Nature suggests that there are large land sinks for carbon dioxide in the Southern Hemisphere (paywalled but reported here) which have largely been ignored by climate models.

  1. The amount of carbon lost from tropical forests is being significantly underestimated, a new study reports. In addition to loss of trees, the degradation of tropical forests by selective logging and fires causes large amounts of “hidden” emissions. 
  2. they find that land sinks for CO2 are keeping up with the increase in CO2 emissions, thus modeled projections of exponential increases of CO2 in the future are likely exaggerated. 

The “settled science of climate” is a an edifice tottering on two unproven hypotheses:

  1. That carbon dioxide concentration in the atmosphere is a key driver of global temperature, and
  2. That man-made emissions of carbon dioxide (primarily fossil fuel combustion) are the key contributor to concentration in the atmosphere.

If either of these two assumptions are incorrect, the entire edifice of climate science and climate policy comes tumbling down.

The first now looks decidedly weak. For almost 20 years now global temperatures have stagnated (and show a slight negative trend) while carbon dioxide emissions from combustion have increased sharply. Carbon dioxide concentration has also continued to increase but at a much lower rate than the rate of man-made emissions. No doubt carbon concentration has some impact but it is clearly far from being a key driver of global temperature.

The second assumes that “natural emissions” and absorption are roughly in balance and therefore it must be fossil fuel combustion which is responsible for the increase of carbon dioxide concentration. But the Carbon balance of the earth is far from certain. Volcanic de-gassng of CO2 has been grossly underestimated. The mass of CO2 absorbing bio-mass in the oceans has also been underestimated and remains still highly uncertain.

The error bands surrounding “natural” emissions are of the same magnitude as man-made emissions. Absorption of Carbon dioxide by the oceans and the biological life (algae) in the oceans are, at best, relatively uncertain estimations.

ktwop: Even though the combustion of fossil fuels only contributes less than 4% of total carbon dioxide production (about 26Gt/year of 800+GT/year), it is usually assumed that the sinks available balance the natural sources and that the carbon dioxide concentration – without the effects of man – would be largely in equilibrium. 

…… Carbon dioxide emission sources (GT CO2/year)

  • Transpiration 440
  • Release from oceans 330
  • Fossil fuel combustion 26
  • Changing land use 6
  • Volcanoes and weathering 1

Carbon dioxide is accumulating in the atmosphere by about 15 GT CO2/ year. The accuracy of the amounts of carbon dioxide emitted by transpiration and by the oceans is no better than about 2 – 3% and that error band (+/- 20GT/year)  is itself almost as large as the total amount of emissions from fossil fuels. ….. 

The demonisation of fossil fuel combustion is based on belief and not on evidence. The carbon dioxide assumptions which are the foundations of the climate orthodoxy are unsound.

Chinese back doors and mincing rascals from the US!

May 21, 2014

The United States on Monday charged  five Chinese military officers and accused them of hacking into American nuclear, metal and solar companies to steal trade secrets, ratcheting up tensions between the two world powers over cyber espionage.

Washington is playing the victim of cyber-espionage when in fact it is the world’s top intelligence power, a Chinese state-run newspaper has said in a sharply worded editorial after US authorities levelled criminal hacking charges at China’s army. “Regarding the issue of network security, the US is such a mincing rascal that we must stop developing any illusions about it,” wrote the Global Times, which is close to the ruling Communist party.

Meanwhile we learn from the Snowden affair that the US Government turned Silicon Valley into a surveillance partner. The second part of the United States of Secrets is to be broadcast by PBS tonight.

Increasingly industrial systems have their hardware  and/or their control systems equipped, at the time of manufacture, with “backdoors” to allow remote access at some future time. Inevitably the backdoors” are associated with embedded software very often with features to make it undetectable. These include power plants and their components, industrial control systems, access control systems, network appliances, surveillance systems, communication devices and even commercial aircraft.

In the US not only the software giants (Microsoft, Google, Apple, Facebook…), but even hardware manufacturers such as Boeing and GE and IBM and even automotive companies have been involved with installing “backdoors” and their associated software (malware) into their products.  Many US companies have regularly utilised their security services for industrial espionage and it is not very surprising that they feel beholden. Intelligence agencies in the US and Australia and the UK are not permitted to use Chinese Lenovo hardware because they are suspected of containing hidden  “backdoors”. Lenovo isn’t unique. Chinese firms accused of espionage in the past include Huawei and ZTE. Chinese government organisations in their turn are not permitted to use Microsoft products and Windows 8 is especially suspected for its many hidden, built-in vulnerabilities.

There is much active research in designing and hiding “backdoors” and in detecting and disabling them.

Hardware backdooring is practical, Jonathan Brossard, Blackhat Briefings and Defcon Conferences, Las Vegas, 2012

(We) will demonstrate that permanent backdooring of hardware is practical. We have built a generi proof of concept malware for the Intel architecture, Rakshasa, capable of infecting more than a hundred dierent motherboards. The net effect of Rakshasa is to disable NX permanently…. resulting in permanent lowering of the security of the backdoored computer, even after complete erasing of hard disks and re-installation of a new operating system. We shall also demonstrate that preexisting work on …. subversions such as bootkiting and preboot authentication software, brute-force or faking can be embedded in Rakshasa with little effort.

Silencing Hardware Backdoors, Adam Waksman and Simha Sethumadhavan, SP ’11 Proceedings of the 2011 IEEE Symposium on Security and Privacy,Pages 49-63

Hardware components can contain hidden backdoors, which can be enabled with catastrophic effects or for ill-gotten profit. These backdoors can be inserted by a malicious insider on the design team or a third-party IP provider. In this paper, we propose techniques that allow us to build trustworthy hardware systems from components designed by untrusted designers or procured from untrusted third-party IP providers. We present the first solution for disabling digital, design-level hardware backdoors. The principle is that rather than try to discover the malicious logic in the design–an extremely hard problem–we make the backdoor design problem itself intractable to the attacker. The key idea is to scramble inputs that are supplied to the hardware units at runtime, making it infeasible for malicious components to acquire the information they need to perform malicious actions.

The US accusing China is a case of the pot calling the kettle black. But the black methods now surely being used by the Chinese were all invented first in the US and probably under State sponsorship.

There are many Big Brothers out there.

AstraZeneca prepared to talk to Pfizer if bid is increased another 10%

May 19, 2014

According to the Svenska Dagbaldet

After AstraZeneca today rejected Pfizer’s latest bid of nearly 770 billion kronor, it looks like no deal for this year But in its written response to the bid Astra Zeneca’s board writes that it is prepared to negotiate with Pfizer if the bid is raised by ten percent.

So I suspect that it may be better for shareholders in AstraZeneca to sit tight and wait for the next bid – but it may take a few months. In the worst case, holding on to an independent AstraZeneca is not such a bad deal in the long run.

I have been a little amused with the conservative politicians in Sweden and the UK abandoning their “free market” principles and  invoking the “public interest”  to oppose the deal. But unless they can convert their concern for the “public interest” into something tangible for AstraZeneca shareholders, they are doing them a disservice. In fact I would argue that without acknowledging that the AstraZeneca shareholder interests are also a public interest to be protected, both Cameron’s government and Reinfeldt’s government are engaging in an extra-legal, repressive and discriminatory behaviour.

Needless to say the Left and the Communists are opposed to the deal on religious grounds because rationalisation  – if it leads to the loss of any jobs and even redundant jobs –  is always a great SIN.

Indian Election: All over? Runaway victory for Modi as B/C ratio soars to over 4.6

May 16, 2014

It is definitely all over now. Narendra Modi will be the next Prime Minister and he will not have to depend on any allies for his majority. Even the Shiv Sena will be superfluous. Mamata in W Bengal and Jayalalitha in Tamil Nadu have had landslide wins but Modi will not need to be beholden to them. For the first time in 30 years a coalition will not be necessary. The Aam Admi party made a poor showing, reinforcing the view that they make a lot of noise but are scared of governing. Congress may get less than 50 seats (!!) and be reduced to little more than a rump.

1045: It is less than 3 hours since counting began and it is looking like a runaway victory for Modi and a melt-down for Congress. The B/C ratio is reaching stratospheric heights at 4.6 (318/69).

1030: B/C ratio soars to 4.05 (304/75). An absolute and a very comfortable majority for Narendra Modi is emerging. Post election haggling and sops to regional fanatics may not be needed. Varun Gandhi has won in Sultanpur. Rahul Gandhi is behind in Amethi. 

1015: B/C ratio now at 3.58 (301/ 84). Comfortable majority in sight for BJP. Profit taking apparent as Sensex comes off its euphoric highs. 

0945: B/C at 3.45 (287/83) while Sensex climbs 1400 points (5+%) today

0930: B/C ratio soars to 3.63. Leads Total: 436, BJP+ 243; Congress+ 67, Others 128. BSE Sensex up about 1000 points (4%)

0915: Leads: Total: 318, BJP+ 174; Congress+ 64, Others 80. B/ C = 2.72

0900 IST: Leads — Total: 296, BJP+ 165; Congress+ 61, Others +70. B/C = 2.7

The B/C ratio has been running at 2.5 – 2.7 through the first hour.

If the first hour of vote counting is representative of what is to come BJP will end up with around 2.5 – 2.7 times as many seats as Congress. So if Congress could end up with around 90 – 100 seats then BJP will get around 240 – 260. 

0800: Counting has begun. About 8,000 candidates, 1.8 million voting machines and about 550 million votes to be counted.

Markets surge as Indian exit polls are awaited after close of polls today

May 12, 2014

UPDATE!

Narendra Modi - The next Indian Prime Minister (photo Forbes)

Narendra Modi – The next Indian Prime Minister (photo Forbes)

The real results have to wait till Friday but early exit poll results suggest that

  • the BJP led alliance (NDA) will get over 280 seats in the Lok Sabha (272 needed for majority) while the Congress led alliance (UPA) will get less than 120 seats. 
  • BJP will be the largest single party
  • the AAP may get 5 seats
  • Narendra Modi will be the next Prime Minister

The markets rose over 3% today.

Turnout was a record at just over 66% (of an electorate of over 800 million voters).

========================================

The Indian markets are reacting to rumours and “inside information” as to what the exit polls will reveal when they are published later today. The Election Commission has confirmed that the results of exit polls – which have been carried out over the last 6 weeks of polling and are prepared and waiting to be released – can be released after the polls close at 1830 local time (1500 CET) on the last day of the last phase of voting today.

Exit polls don’t have a very good record in predicting the result of Indian elections – especially when they are extrapolated. But we have the peculiar situation of markets being driven by the expectations of what the exit polls will say and where the actual results will not be known till Friday. Capital inflow from overseas has been particularly high and there is a feeling that this cannot be just on the advice of local investors without any special knowledge. There is a suggestion – not at all implausible – that some large investors and their overseas partners may well have carried out their own, private, exit polls. And, the story goes, these show that Narendra Modi and the BJP will get close to an absolute majority.

On Friday the BSE Sensex rose over 3% and so far today has risen another 2+%  – over 1000 points in a day and a half of trading.

BSE Sensex 12th May noon

BSE Sensex 12th May noon (Reuters)

NDTV

It seems that investors are betting that the BJP-led NDA will emerge victorious on May 16, when results are announced, analysts say.

“There is a lot of political hope that has got baked in valuations. Markets are factoring numbers close to 230-240 seats for the BJP alone, and if that is the case, the NDA will get a majority on its own. That will lead to pro-growth, right of central, stable formation, which is enthusing for the investors,” said Manishi Raychaudhri, strategist and head of research at BNP Paribas Securities.

Polls have consistently shown the BJP and its prime ministerial candidate Narendra Modi ahead, raising expectations that the opposition party, which is seen by markets as being more investor- and business-friendly, will either win or come close to an outright majority. The surprising part, however, is markets seem to be factoring in the best possible scenario (stable government led by Mr Modi) even before exit poll results, due later in the day. 

 One possibility why markets have not waited for exit poll results might have to do with speculation that big investors have already got a whiff of what results would be. In fact, overseas investors bought shares worth Rs. 1,268.78 crore in the cash market on Friday, their biggest purchase since March 28. Friday’s gains came at a time when markets had shed 2 per cent after hitting a record high of April 25. Clearly, smart money had some information. 

Deven Choksey, managing director of brokerage KR Choksey told NDTV that somewhere from the media, numbers suggesting that the BJP will get 260-270 seats, came out. It was in circulation on social media and markets took advantage of that, he said.

 

Israel is not immune from the neo-Nazi disease

May 12, 2014

Most countries in Europe have an enormous guilt complex – both singly and collectively – over the persecution of Jews in their countries for many hundreds of years and the indifference to what was happening in Germany which allowed Hitler’s Holocaust to take place. This persecution started at least 2,000 years ago but was organised  and well established by the time of the First Crusade in 1096 as the European nation-states developed and practiced enforced conversions. The Spanish Inquisition in 1478 was primarily directed at Jews (and Muslims) forced to convert to Catholicism. Much of this guilt now devolves to the credit of the nation-state of Israel even though this nation-state exists only as a consequence of  a very successful terrorist campaign carried out by Irgun and Hagganah. In a sense the creation of the nation-state of Israel was an attempt by the European countries to do what Hitler had tried to do with the Holocaust  – export the “Jewish Question” to somewhere else.

With that history of persecution of their fore-fathers, it could be expected that Jews in Israel would be especially sensitive to the persecution of minorities. But the nation-state of Israel is not synonymous with the persecuted Jews of Europe. More than 90% of Israel’s population of 8.1 million was born after the country was formed. Since the formation of Israel in 1948 (14th May), Israel and Israelis have been more of persecutors than persecuted against. And the youth of Israel have never actually experienced any persecution themselves.Their religious fanatics are just as “radicalised” and just as bent on “revenge” or Holy war as the European Muslim youth now keeping the Syrian civil war alive. Past persecution is clearly no defence against idiocy.

Right-wing neo-Nazism is alive and well all over Europe and even in Israel. And just as idiot- Mullahs radicalise Muslim youth. idiot-Rabbis drive the Israeli neo-Nazis.

HaaretzThe writer and Israel Prize laureate Amoz Oz said on Friday that those responsible for hate crimes against Arabs and Christians are “Hebrew neo-Nazis.”

Speaking at a Tel Aviv event marking his 75th birthday, Oz said that terms like “hilltop youth” and “price tag” are “sweet names for a monster that needs to be called what it is: Hebrew neo-Nazis groups.”

Oz added that in his mind, perhaps the only difference between neo-Nazis around the world and perpetrators of hate crimes in Israel is that “our neo-Nazi groups enjoy the support of numerous nationalist or even racist legislators, as well as rabbis who give them what is in my view pseudo-religious justification.”

Of course Amoz Oz is now being castigated for even using the word “Nazi” in relation to Jews. But the reality is that Israeli politicians and religious leaders give tacit support to the persecution of and discrimination against Muslims. The indignation at the use of the word “Nazi” is the same as that against Kerry for calling Israel an apartheid state.

But, I think, their indignation is misplaced and they protest too much.

Indian business hoping for/predicting a Modi/BJP landslide

May 10, 2014

The Great Indian Election Tamasha comes to an end on Monday and the results will be announced by the Election Commission on Friday, May 16th.

The Indian Stock Exchange (BSE Sensex) is riding very high. On Friday the index reached record levels and rose almost 3%. Business is looking for a stable and effective government. The last term of the Congress led government was one of the most ineffective terms of any government. Not least due to the coalition government which was virtually paralysed in the arms of its many and varied partners. Each of the regional coalition partners were more interested in cashing-in (politically and economically) than in governing or governance. The BJP in opposition was a party of disruption and their objective was to ensure and show that the government was ineffective. Parliament was more often disrupted than in session.

Insofar as the Stock Exchange reflects the hopes and predictions of the business community, a Narendra Modi / BJP government is certain. Two years ago I would have thought this was not possible but by December 2012, I became convinced that Narendra Modi would be the next Prime Minister.  As the election has progressed and the Modi wave has been sustained, the stock exchange has moved inexorably upwards. The new kids on the block – the Aam Admi Party – had threatened to be a spoiler for Modi (and it could still happen) but they are increasingly looking lost. Their leader’s resignation as Chief Minister of Delhi has only strengthened the view that the party lacks substance. They can make a noise and oppose anybody and anything, but they are scared of – and incapable of – governing.

Back in February this year it became clear that the election would be held at the end of the government’s mandate in April. The actual dates were announced by the Election Commission on March 7th. The optimism in the markets has grown steadily.

Sensex after election announcement 2014 (chart from Bloomberg)

Sensex after election announcement 2014 (chart from Bloomberg)

Indian business, in my experience, is more concerned about the stability and rationality and continuity of government rather than the manifestos of the various parties. They dislike subsidy policies introduced just to woo voters – but are expert at milking subsidies when available. They prefer the slightly more free-market approach of the BJP and are suspicious of ideological socialism and protectionism. But they have had no difficulty with working with Congress led governments as well. What they just don’t want is another government which cannot overcome the internal strains of a coalition and cannot govern. Uncertainty is the prime enemy.

So if the stock exchange is a predictor of the election result then we can expect that Narendra Modi and his BJP will not only win but may even come close to an outright majority. If that happens we can expect a sharp index spike on Monday 19th May – perhaps +4-5%. But if there is no overall majority for Narendra Modi, then we could see the markets fall also very sharply. The Sensex reached 23,000 last Friday. By next Friday it could have crept upto about 24,000. Then depending upon Modi’s majority it could spike to over 25,000. But if Modi has no clear majority and another wishy-washy government is in prospect, it could drop to around 22,000 (-10%).

The EU Parliament at work

May 7, 2014

The European Parliament must be the most useless, unnecessary, wasteful and undemocratic parliament of any in the world.

766 MEP’s are each paid €7,000 per month.

Roger Helmer hard at work in the European Parliament

Parliament in session

Enthusiastic attendance

A hereditary seat to be handed down?

Israel moves closer to constitutional apartheid

May 5, 2014

John Kerry caused a bit of a fuss a few days ago by using the apartheid word with regard to Israel.

With immediate pressure from the Jewish lobbies in the US, he backed away from his use of the word. But there is little doubt that he meant it and that Israel – which already has two classes of citizenship in practice – is moving closer to a form of constitutionally sanctioned differentiation of nationality for Jews and non-Jews. Which is indistinguishable from a separate treatment of peoples by religion. Constitutionally sanctioned, religious discrimination it surely will be. Apartheid is not too strong a word.

Guardian

Binyamin Netanyahu will push ahead with a rare change to Israel’s basic laws – which amount to the country’s constitution – to insist Israel is “the nation state of one people only – the Jewish people – and of no other people”.

At Sunday’s weekly cabinet meeting, Netanyahu said the civil rights of minorities, including Arabs, would be guaranteed, and the move was vital at a time when aspects of Israel’s legitimacy were “under a constant and increasing assault from abroad and at home”. …

The proposed law would be in addition to Israel’s declaration of independence of May 1948 – the anniversary of which is celebrated on Tuesday – which defines Israel as a Jewish state.

Most of Israel’s basic laws deal with procedural issues relating to elections, the appointment of the prime minister, state payments and the administration of the judiciary, but some laws have been more controversial, including the 1980 law that designated Jerusalem as the capital of Israel.

Despite the intention that the new law should guarantee full equal rights, critics say it strays into contentious territory in its explicit definition which, regardless of passport and citizenship, would codify a differential notion of nationhood.

Every religion which claims some kind of special position for its own adherents – inevitably and of necessity – denigrates and sanctions discrimination against all who do not follow the “true faith”. Which is of course the fundamental weakness of every organised religion which claims to be the “true faith”. There are as many Heavens as there are organised religions.

A “faith” – by definition – is unproven and unprovable and its “truth” is indemonstrable.

Another Clinton, another Bush (2)

May 4, 2014

The US Presidential Election is one of the great entertainment events of our time and the 2016 aspirants – declared and undeclared – are getting into position. I am looking forward to an exciting 6 months in 2016; perhaps not as exciting as in 2008 (Obama > Clinton v. McCain ± Palin) but surely not as boring as in 2012 (Obama/Romney). From an entertainment perspective I’m hoping for a Bush – Clinton battle. It could be quite interesting with Clinton attacking George Bush’s legacy and Jeb Bush pouring scorn on Obama’s non-accomplishments! Bill Clinton could be a a hidden flaw in his wife’s stable while Jeb Bush will have to keep his elder brother out of sight!!

Even in our various forms of democracy around the world, “hereditary” politicians have replaced the hereditary barons and kings of old. This is not just in India or Malaysia but also in Japan and across Europe and in the US. Dynastic politics in the US is not new and the passing of political positions of power – always subject to electoral victories – to marital partners or siblings or offspring happens quite often. A year ago a Hilary Clinton – Jeb Bush battle in 2016 seemed – at least – plausible. Now with 2 years to go the room for complete outsiders to emerge is shrinking. It is still very early of course. Each has still to first stand for and win their party’s nomination. Yet judging by the pairings that the polls envisage, the likelihood of a Clinton – Bush fight has just increased.

As of today Clinton would trounce Bush. But things could be much closer in two years. Though there seems to be no Democratic candidate to challenge Clinton, she will likely have to overcome the burden of the negative perception of the Obama years. While the perception of the Reagan years is of economic well-being at home and the Cold war victory abroad, the perception of the Obama years will be quite different. They will be seen as being long on hype and short on substance. A period of economic malaise at home and ineffectual foreign policy abroad. If Obama’s last two years in office continue to be as pedestrian and exhibit the same caution as the preceding six then, Hilary Clinton will have a significant incumbent factor against her.

Jeb Bush is not even the front-runner in the Republican party. He has not yet declared that he will run. But he may well be perceived as being more politically astute than even his father was and far more intelligent than his brother (though that is not saying very much).

Washington Post: 

The 2016 Republican presidential nominating battle is shaping up as the most wide-open in a generation, with a new Washington Post-ABC News poll showing five prospective candidates within four percentage points of one another at the top and a half-dozen more in the mix.

The picture is very different on the Democratic side, where former secretary of state Hillary Rodham Clinton is the clear front-runner. In a hypothetical matchup, Clinton leads former Florida governor Jeb Bush — seen by many GOP establishment figures as the party’s strongest general-election candidate — 53 percent to 41 percent.

Fox News:

A new poll that looked at how Florida registered voters would cast their ballots in a 2016 Republican primary, former Gov. Jeb Bush led by about a 2-to-1 margin over other GOP contenders.

Bush leads in the hypothetical GOP contest with 27 percent compared to 14 percent for U.S. Sen. Rand Paul of Kentucky, 11 percent for U.S. Sen. Marco Rubio of Florida, and 7 percent for New Jersey Gov. Chris Christie. As for other GOP hypothetical candidates, including U.S. Sen. Ted Cruz of Texas, none received more than 6 percent.

But when the poll included former U.S. Secretary of State Hillary Clinton in the mix, she beat any potential Republican challenger in a head-to-head match-up, according to the Quinnipiac University survey. In a potential faceoff between the former First Lady and Bush, Clinton snatched 49 percent support compared to 41 percent support for the former governor.

Politico:

The biggest parlor game on Wall Street and in corporate boardrooms these days is guessing whether former Florida Gov. Jeb Bush will run for president and save the GOP’s old establishment base from its rising populist wing.

The second most popular game is guessing what happens if Jeb says no. …….. if Bush doesn’t run, the list of Republican saviors could be short. Some donors fear Christie will never overcome the Bridgegate scandal. Rep. Paul Ryan of Wisconsin so far seems more inclined to stay in the House than to run for president. And to varying degrees, other candidates — such as Florida Sen. Marco Rubio and Govs. Scott Walker of Wisconsin and John Kasich of Ohio — are either unknown or untrusted.