Weekly Climate and Energy News Roundup #165

By Ken Haapala, President, Science and Environmental Policy Project (SEPP)

A New Byrd-Hagel Resolution? As discussed in an article by Fred Singer, in 1997 the U.S. Senate passed by unanimous vote the Byrd-Hagel resolution against a climate protocol being considered by UN Framework Convention on Climate Change (UNFCCC) and by the Clinton-Gore Administration. The protocol in doubt became the unsuccessful Kyoto Protocol which extended the life of the UNFCCC and committed the parties to reduce emissions of carbon dioxide (CO2). Although technically signed by the US government, the Clinton-Gore administration did not submit the Kyoto Protocol to the Senate for ratification, as required by the Constitution to be binding on the US, in light of the opposition expressed in the Byrd-Hagel resolution.

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Cargo Cult US Policy

cropped-bob-shapiro.jpg   By Bob Shapiro

Melanesia includes island countries like Vanuatu, the Solomon Islands, Fiji, and Papua New Guinea. During World War II and other colonization eras, there developed what is called the Cargo Cult.

One main idea of the Cargo Cult was that it was the building of runways for airplanes which brought all the planes, which brought all the riches from the outside world. They believed that the cause of the planes coming was the existence of the landing strips.

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Arbitrage, Interest, & Exchange Rates

cropped-bob-shapiro.jpg   By Bob Shapiro

Arbitrage is an unfamiliar term. However, our Economy depends on it for every transaction. The simplest explanation is buying cheap in one market and selling higher in another market.

Everyday, you sell your productive work time in exchange for the necessities, and luxuries, of life. You wouldn’t do it unless you believed that your time was of cheaper value – to you – than the things you exchange it for.

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Business Cycles and Government Decisions

cropped-bob-shapiro.jpg   By Bob Shapiro

Economic conditions tend to run in cycles. Pressures build, official efforts are made to contain any perceived bad effects, and at some point, the pressures overwhelm all opposition. The cave-in frequently, but not always, sets pressures in motion in the opposite direction.

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Two Percent Inflation And The Fed’s Current Mandate

Ron Paul   By Ron Paul

Over the last 100 years the Fed has had many mandates and policy changes in its pursuit of becoming the chief central economic planner for the United States. Not only has it pursued this utopian dream of planning the US economy and financing every boondoggle conceivable in the welfare/warfare state, it has become the manipulator of the premier world reserve currency.

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Grandmaster Putin’s Gold Trap: Russia Is Selling Oil And Gas In Exchange For Physical Gold

Re-Blogged From http://www.Gold-Eagle.com By Dmitry Kalinichenko

Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB and therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.

Any accusations against this man only emphasizes his ability for quick analytical thinking and making clear and balanced political and economic decisions.

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Stolen Retirement

cropped-bob-shapiro.jpg   By Bob Shapiro

I’ve been reading about retirement lately. One piece of the retirement planning puzzle is figuring out how much money you need.

Let’s make some assumptions, for the purpose of this discussion – your requirements likely will vary considerably. Your annual earnings over your work life average $60K (near the current median family income),

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