Science and Nonscience

By Neil Lock – Re-Blogged From http://www.WattsUpWithThat.com

Today, I’m going to write about science. This won’t be a technical paper. It won’t be full of numbers or equations. Instead, I’m going to look at science from the generalist point of view. I’m going to ask questions like: What is science? How useful is it to the making of decisions, including political ones? And, how can we tell good science from bad?

What is science?

According to Webster’s, science is: “knowledge or a system of knowledge covering general truths or the operation of general laws.”

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SEA LEVEL: Getting a Rise Out of Nothing

By Kip Hansen (with help from Steve Case) – Re-Blogged From http://www.WattsUpWithThat.com

animation_350Prologue:  I have been writing recently about Sea Level Rise, both as particular local examples (  Guam,  Canton,  Miami,   New York, and  NY/NJ  )  and in the series SEA LEVEL: Rise and Fall, of which this is the fourth installment.

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How does one get a rise out of nothing?

Let’s see just how R. Steven Nerem, of the CU Sea Level Research Group, manages to pull that trick out of a hat.  According to a report  at Nature.com:

 

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Corporate Earnings Repatriation

By Thomson Reuters – Re-Blogged From Newsmax

A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc. to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates – 15.5 percent or 8 percent – that companies must pay on $2.6 trillion in profits they are holding abroad.

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Fed’s Misguided View on Inflation Drives Stock Bubble

By Rob Williams – Re-Blogged From Newsmax

David Rosenberg, the widely cited chief economist and strategist at Gluskin Sheff & Associates Inc., said the Federal Reserve may be fueling another speculative stock bubble with loose monetary policies.

The central bank, which is undergoing a significant leadership change, may err on the side of caution by keeping interest rates too low for too long, he said in a Jan. 11 report obtained by Newsmax Finance. That would continue to give investors greater incentive to seek bigger gains in riskier assets like stocks and junk bonds.

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Been There, Exceeded That

By Willis Eschenbach – Re-Blogged From http://www.WattsUpWithThat.com

Much angst has been expended on a very vague climate threshold, the so-called “2 degrees Celsius limit”, sometimes called the “2° global warming tipping point”.  I find it all quite hilarious, for a reason that will become clear shortly. First a bit of prologue. Here’s the New Republic from 2014 about the two-degree limit:

This Is What Our Hellish World Will Look Like After We Hit the Global Warming Tipping Point

BY REBECCA LEBER, December 21, 2014

The de facto assumption of climate change policy is that the world must limit the increase in global temperatures to 3.6 degrees Fahrenheit (2 degrees Celsius) above pre-Industrial levels, or risk hitting a tipping point where the impact becomes irreversible.

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Bubble Stock Investing

  By Bob Shapiro
I invest in Gold & Silver, mostly miners.
Most people, I expect, are unwilling or don’t have the temperament to put all their eggs in one basket. The most familiar of the highly liquid investments is stocks – shares of most of the companies you know and love plus many that you’ve never heard of.
But, by pretty much any objective measure, stocks are in Bubble territory today, and the FED has started a tightening cycle – and has promised major tightening leading up to the mid-term elections this November.
I suggest that you still can make money in stocks today, using a strategy that Hedge Funds originally were designed to use – buy stocks that you think have the brightest prospects and sell short stocks that likely will be dogs (by comparison). If your ‘good’ stocks indeed do better than your ‘bad’ stocks, then you’ll make money. It matters not whether they both go up, both go down, or the ‘good’ is up and the ‘bad’ down, so long as the ‘good’ does better than the ‘bad.’
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China Officials View Treasuries Less Attractive

By Bloomberg – Re-Blogged From Newsmax

Officials reviewing China’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter.

China holds the world’s largest foreign-exchange reserves, at $3.1 trillion, and regularly assesses its strategy for investing them. It isn’t clear whether the recommendations of the officials have been adopted.

Image: China Officials Are Said to View Treasuries Less Attractive

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