Cross Border E-commerce: Welcome to The Future

By Alina Grace from https://haulystic.com

Cross-border e-commerce is defined as international e-commerce according to which, suppliers sell their products to consumers living in other countries and jurisdictions. However, consumers who trade with suppliers online and share one common language, border or currency, do not perceive it as cross border trading (e.g.trading within European Union).

Internet, smartphones and digitisation in general, play a major part in our everyday lives and most people nowadays, use these devices to make online purchases. Currently, there are 1.79 billion digital shoppers worldwide and this number will increase to 2.14 billion by 2021.

But let’s talk more about numbers.

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Paying Much More For Much Less

By Willis Eschenbach – Re-Blogged From WUWT

There’s an interesting and authoritative new [commenters pointed out it’s from 2012, I can’t find any newer research] study on the lifespan of those ugly bird-and-bat-choppers yclept “wind turbines”. It’s called The Performance of Wind Turbines in the United Kingdom and Denmark.

Here’s the Executive Summary, all emphasis is mine:

Executive Summary

1. Onshore wind turbines represent a relatively mature technology, which ought to have achieved a satisfactory level of reliability in operation as plants age. Unfortunately, detailed analysis of the relationship between age and performance gives a rather different picture for both the United Kingdom and Denmark with a significant decline in the average load factor of onshore wind farms adjusted for wind availability as they get older. An even more dramatic decline is observed for offshore wind farms in Denmark, but this may be a reflection of the immaturity of the technology.

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BlueScope Invests $1 billion in the US Steelmaking

By Ross Greenwood – Re-Blogged From 2GB

Steelmaking giant BlueScope is investing in a $1 billion expansion in the United States, with energy costs one-third of those in Australia.

They have announced a huge expansion to a key mill in the United States which has the benefit of lower energy costs.

BlueScope CEO Mark Vassella tells Ross Greenwood he is concerned about the impact of energy prices.

Buy Greenland?

By Dan E. Way – Re-Blogged From Liberty Headline

‘The negotiated acquisition of sovereignty is a longstanding and perfectly legitimate tool of statecraft…’

Former Alaska governor Sarah Palin, who knows a little something about the geographic and historical illiteracy of Americans, supports President Donald Trump’s interest in buying Greenland.

“The media would do well to learn some U.S. history. Our country’s desire to purchase Greenland predates the purchase of Alaska,” Palin wrote in a column for Breitbart News.

Palin reminded that in 1867 Secretary of State William Seward, first appointed by President Abraham Lincoln, attempted to buy Greenland.

Then, as now, Denmark refused to sell.

Appeals Court Revives Sarah Palin Defamation Suit Against NYTimes

Sarah Palin/Photo by Gage Skidmore (CC)

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Renewable Energy is a Blackout Risk After Blackout

By Helen Cahill For The Mail On Sunday – Re-Blogged From This is Money

  •  Company has downplayed the role of wind energy in the power cut
  • In April a study warned renewable power sources could risk network’s ‘stability’ 
  •  Half UK’s power generated from wind at one point on the day the power failed

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8 Main Causes of Bad Gas Mileage

Re-Blogged From Cars Direct

Bad gas mileage is caused by a number of different things. The list goes on and on, but there are various things that attribute to this problem. Bad gas mileage means that your car is not running as efficiently as it could, and it also means you are losing money at the pumps because you are filling up more often. Here are some of the main causes of poor gas mileage.

Bad Gas Mileage Causes:

  • Incorrect tire pressure is a common cause of bad gas mileage. It’s also one of the easiest things to correct. Periodically checking your tires with an inexpensive pressure gauge is a good way to catch this. Just be sure to use your car manufacturer’s recommended pressure levels stamped onto the driver’s side doorplate and not the “maximum pressure” numbers shown on the tire itself.

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How Fast is the World Warming?

Larry Kummer, Fabius Maximus Blog – Re-Blogged From WUWT

The world has been warming since the middle of the 19th century. Human-caused warming has become the dominant cause of warming since roughly WWII. The core consensus of climate scientists, proven by a bizarre number of studies (pouring more water on a rock doesn’t make it wetter), was clearly stated in the Summary of Policymakers by Working Group I of the IPCC’s Fifth Assessment Report.

“It is extremely likely (95 – 100% certain) that human activities caused more than half of the observed increase in global mean surface temperature from 1951 to 2010.”

Summary: Let’s take a break from political bickering to see how fast the Earth is warming. Just the facts, please.

Burning World - dreamstime_108149276

ID 108149276 © Ig0rzh | Dreamstime.

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Major Climate Change Review of British Food Production

By Eric Worrall – Re-Blogged From WUWT

The UK government wants academics, industry and the public to provide evidence to a major inquiry into British food, whose mandate appears to have a strong emphasis on considering the climate impacts of current means of food production.

Press release
Public to have their say on the food system of the future

British shoppers will be able to buy environmentally friendly, healthy and affordable food under plans for a radical shake-up of the UK’s food industry.

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A Plan To Win The Millennials’ War On Carbon

By Timothy Nerenz, Ph.D. – Re-Blogged From WUWT

Earlier this year, Rep. Alexandria Ocasio-Cortez announced the Green New Deal (GND), a public policy initiative whose central goal is de-carbonize the U.S economy in 12 years. She described GND as her millennial generation’s “World War II” and dismissed the question of how to pay for it with the response, “you just pay for it”. With all due respect to the Congresswoman, you don’t “just pay for it”, you pay someone to do it.

Just what is the “it” and who is the “someone” of the Green New Deal? In a recently published peer-reviewed article in the Journal of Human Resources and Sustainability Studies, I examined the scope of industrial mobilization that would be required to realize GND sustainability goals and proposed a conceptual blueprint and strategy to achieve them in the shortest feasible timeframe. Those who care to read it in its entirety can to so here: Thinking Inside The Box

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Surprise! The Great Barrier Reef is Not Dying from Global Warming

By Eric Worrall – Re-Blogged From WUWT

It is tough for scientists to maintain the fiction that Australia’s Great Barrier Reef is broken, when the government minister responsible for the reef goes and has a look for herself.

Great Barrier Reef is better than expected: Ley

GRAHAM LLOYD

The Great Barrier Reef is not dead, is not dying and is not even on life support, federal Environment Minister Sussan Ley has declared after her first official visit to the World Heritage-listed site.

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Is Your Freight Prepared for Brexit?

By Alina Grace of Haulystic Innovations

Aren’t you getting frustrated listening to different scenarios about Brexit every day? Brexit is around the corner and we still do not have a clear picture on what is going to happen to UK and the world after the 31ST of October, 2019. Logistics is an industry that has adapted to economic and political changes throughout the years.

So, why do we worry about Brexit?

Is the fact that United Kingdom will leave the EU, with or without a deal, so important that will change the landscape of the global supply chain services forever?

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Offshore Wind Tripped Up

By David Middleton – Re-Blogged From WUWT

From the too fracking funny files…

ENERGY TRANSITIONS
Trump admin throws wrench into offshore wind plans
Benjamin Storrow, E&E News reporter Climatewire: Monday, August 12, 2019

The Trump administration is ordering a sweeping environmental review of the burgeoning offshore wind industry, a move that threatens to derail the nation’s first major project and raises a host of questions for future developments.

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Electric Car Charging Stations May be Portals for Power Grid Cyberattacks

The map displays substations connected by transmissions lines along with electric vehicle charging stations. The size of the blue circles is proportional to the charging station demand. Such information can be used by hackers to disrupt either charging of electric vehicles or the power grid itself. Credit: NYU Tandon School of Engineering

Electric cars are an essential component of a lower-carbon future, but a new report from researchers at the New York University Tandon School of Engineering raises the specter that plug-in electric vehicles—and the charging stations that supply them—could be prime vectors for cyberattacks on urban power grids.

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Weekly Climate and Energy News Roundup # 372

The Week That Was August 17, 2019, By Ken Haapala, President SEPP

Brought to You by www.SEPP.org The Science and Environmental Policy Project

Quote of the Week: “There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.”—Soren Kierkegaard [H/t William Readdy]

Number of the Week: 22 Years

Censorship: Solar physicist Nir Shaviv reluctantly granted science journalist Doron Levin an interview, although Shaviv was skeptical that it would be published. A similar interview to a reporter for Bloomberg was reject by its editorial board. Leven assured Shaviv that Forbes would publish the interview online. It did – for a few hours. The interview was an immediate hit. Then, Forbes yanked the report with the statement:

“After review, this post has been removed for failing to meet our editorial standards.

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Dominoes Falling At Big Banks That Rigged Precious Metals Markets

By Clint Siegner – Re-Blogged From Gold Eagle

The crooked precious metals trading department at JPMorgan Chase lost another man last week. Christian Trunz pleaded guilty to criminal “spoofing” of the markets and resigned from his position as an Executive Director with the bank.

The story mirrors that of John Edmonds, the Chase banker who pleaded guilty last October for rigging gold and silver prices.

Like Edmonds’ illicit trading activity, Trunz’s was pervasive. It spanned nearly a decade – from 2007 through 2016 – and involved many “thousands” of orders.

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Directive 10-289

By Keith Weiner – Re-Blogged From Gold Eagle

Everyone must ask himself the question. Do you want the world to move to an honest money system, or do you just want gold to go up (we italicize discussion of apparent moves in gold, because it’s the dollar that’s moving down—not gold going up—but we sometimes frame it in mainstream terms).

Gold’s Going Up

We have written about the tension between these two goals before. Many people start with the former. They come to gold, as they begin to realize that the dollar is going off the rails, that there is something wrong with bail-outs, bail-ins, Quantitative Easing, Zero Interest Rate Policy, and negative interest rates. But a funny thing often happens along the way. They buy into the story of gold to $5,000 (or $65,000). They become speculators on its price. They use gold the way most people use stocks and real estate: as just another chip in Casino Federoyale, a way to make dollars.

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Enforce Rules Against False and Misleading Organic Claims

FDA must no longer let organic food growers, manufacturers and sellers get away with lies

By Paul Driessen – Re-Blogged From WUWT

A couple years ago, the US Food and Drug Administration sent a “Warning Letter” to Nashoba Brook Bakery, advising its owners that listing “love” as an ingredient in their granola violated the Food, Drug and Cosmetic Act. The product was “misbranded,” because “love” is “not a common or usual name of an ingredient,” FDA said. Such deceptive labeling practices could mislead consumers and are not allowed.

FDA has also warned and cited companies that make “unfounded,” “unproven” or “unsubstantiated” claims about their products. FDA is committed to “protecting the public health by taking action as needed against companies that deceive consumers.” It will not let companies say cannabidiol “has been linked to the effective treatment of Alzheimer’s disease,” if they don’t have solid evidence to back the claim up.

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How’s That Recession Coming?

Pretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.

Cass comes on board

The Cass Freight Index is one of the most robust proxies for the US and global economies there is. If freight isn’t moving, the economy is dying. As Cass says, their’s is a simple, fundamental approach to encapsulating the economy:

Central Bank Time Machine

We are now witnessing the death throes of the free market. The massive and record-breaking global debt overhang, which is now $250 trillion (330% of GDP), demands a deflationary deleveraging depression to occur; as a wave of defaults eliminates much of that untenable debt overhang. The vestiges of the free market are trying to accomplish this task, which is both healthy and necessary in the long term—no matter how destructive it may seem during the process. Just like a forest fire is sometimes necessary to clear away the dead brush in order to promote viable new growth. However, the “firemen” of today (central banks) are no longer in the business of containing wildfires, but instead proactively flooding the forest with a deluge of water to the point of destroying all life.

In point of fact, the free market is no longer being allowed to function. Communism has destroyed capitalism, as the vital savings and investment dynamic has been obliterated. Central banks have decided that savers deserve no return on their so-called risk-free investments and have hence forced into existence humongous bubbles in junk bonds and equity markets worldwide. They have destroyed the savings and investment dynamic and turned time backward.

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Peak Crazy!

By Mike Savage – Re-Blogged From Gold Eagle

In the unending blowing of the most epic financial market bubbles of all time, Germany may have just announced “peak crazy”. Overnight they issued 30-year bonds that had a NEGATIVE yield. With all of the financial shenanigans going on it is not even a surprise that they did it.

The real surprise is that the “authorities” were surprised when people didn’t line up for the honor of losing money financing their profligate debt. According to Zerohedge, the German government issued $2 billion of these bonds and the Bundesbank (German Central Bank) was forced to buy 58% of the offering.

What this really should tell everyone is that those who actually earn their money rather than conjure it up out of nowhere actually care what type of return they are going to get for the risk that is being taken. Of course, when money is conjured up out of nowhere and at virtually no cost to the “printers” any return of capital is more than they started with. There could also be a few hedge funds out there speculating that rates will go even lower and lead to a short-term profit. (If there are any buyers at an even more negative rate).

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Weekly Climate and Energy News Roundup #371

The Week That Was: August 10, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: ““The aim of science is to seek the simplest explanations of complex facts. We are apt to fall into the error of thinking that the facts are simple because simplicity is the goal of our quest. The guiding motto in the life of every natural philosopher should be, ‘Seek simplicity and distrust it’.”— Alfred North Whitehead [H/t William Readdy]

Number of the Week: $20/kWh vs. $1,250/kWh

High Standards: On his website, Tony Heller frequently posts newspaper articles from the past showing that claims of “unprecedented” heat or cold are not so, at least for the US, where the public has had good weather reporting in the past. In a post presenting the extreme weather and drought experienced in the US during 1934, Heller’s post included an excerpt from the January 1907 Monthly Weather Review which has part of a brief essay by C.A. [TWTW was unable to determine who the writer, C.A., was.] Heller included a link to the entire page and essay. The essay bears repeating. (Edited slightly for understanding.)

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Our Costly Dalliance With Lord Keynes

In “The General Theory of Employment, Interest and Money”, Keynes virtually created macroeconomics. But Keynes was a mathematician, not an economist, and did not fully understand free markets, so he was hardly qualified to emerge as the most influential economist of the last century. His misconceptions still inform the establishment, comprising governments and their regulated financial sectors. Given that there is dawning acknowledgement that these policies are propelling leading nations into a common financial and economic crisis, a forensic dissection of Keynes’s errors and motivations is overdue. This essay is a brief attempt to rectify this omission.

Hayek’s assessment of Keynes

Perhaps we should have listened to Friedrich Hayek, when he said that his friend Lord Keynes was not an economist. This description of Keynes by Hayek is extracted from a video interview with Leo Rosten in 1975:

“He was a man with a great many ideas who knew very little about economics. He knew nothing but Marshallian economics. He was completely unaware of what was going on elsewhere. He even knew very little about nineteenth century economic history. His interests were very largely guided by aesthetic appeal, and he hated the nineteenth century and therefore knew very little about it, even about its scientific literature.”

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Trump and Johnson Add Unpredictability to French Summit

[Related: Trump offered to buy Greenland from Denmark whose Prime Minister said th idea was “absurd.” -Bob]

By Reuters – Re-Blogged From IJR

Brexit Britain’s overtures to U.S. President Donald Trump risk further complicating the search for common ground this weekend at a Group of Seven summit already clouded by transatlantic rifts over trade, Iran and climate change.

The summit host, President Emmanuel Macron of France, has set the bar low for Biarritz to avoid a repeat of the fiasco last year when Trump threw Canada’s G7 summit into disarray by leaving early, scotching the final communique.

Macron, an ardent europhile and staunch defender of multilateralism, will count on incremental advances in areas where a united front can be presented, with the meeting, which runs from Saturday to Monday, officially focusing on the broad theme of reducing inequality.

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Modern Transportation – A Miracle under Attack By Climate Zealots

By Steve Goreham – Re-Blogged From WUWT

Modern transportation is amazing. Each day, millions of people fly, drive, or are transported across our world for business, pleasure, or to see distant family members. These trips, which are powered by petroleum-based fuels, were all but impossible a century ago. But today, many of our leaders call for elimination of hydrocarbon-fueled transportation.

Between 1840 and 1860, more than 250,000 people traveled by wagon train from Independence, Missouri to the west coast on the Oregon Trail. Horses and oxen carried the settlers on this 2,000-mile, six-month journey. Disease, attacks by Native Americans, and run-overs by wagons claimed the lives of more than 15,000 travelers. Today, a family can make this same journey in a few days in the safety of their air-conditioned vehicle.

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NOT a Game Changer

By Rud Istvan – Re-Blogged From WUWT

ctm asked what I thought about the 7/31/2019 Forbes article by James Conca headed, “Net Zero Natural Gas Plant Game Changer.” My quick answer after reading the piece was, not much. He asked me to write up a WUWT guest post. I decided to research it rather than rely on Forbes; turns out Forbes omitted ‘fun’ facts, and got others just wrong.

Background

Carbon Capture and Sequestration (CCS) has been a green dream for a long time. (There is a now slightly dated review in essay Clean Coal in ebook Blowing Smoke.) There are two very fundamental problems.

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#ExxonKnew Epic Fail

By David Middleton – Re-Blogged From WUWT

This is just fracking mental…

The Oil Giants Might Finally Pay for Pulling the Biggest Hoax of All
New York State is alleging ExxonMobil knew the risks of climate change and defrauded its investors by misrepresenting them.

BY CHARLES P. PIERCE

[… Exxon Knew blather snipped…]

Exxon engaged in “a longstanding fraudulent scheme” to deceive investors by providing false and misleading assurances that it was effectively managing the economic risks posed by increasingly stringent policies and regulations it anticipated being adopted to address climate change, the lawsuit states. “Instead of managing those risks in the manner it represented to investors, Exxon employed internal practices that were inconsistent with its representations, were undisclosed to investors, and exposed the company to greater risk from climate change regulation than investors were led to believe,” the lawsuit said.

[…Exxon Knew blather snipped…] Continue reading

SA Blackout Blows Wind Farms Into Court

The Australian Energy Regular will take four South Australian wind farm operators to court accusing them of failing to perform properly during SA’s statewide blackout in 2016.

The action in the Federal Court will allege AGL Energy Ltd, Neoen SA, Pacific Hydro Ltd and Tilt Renewables all breached the National Electricity Rules.

“The AER has brought these proceedings to send a strong signal to all energy businesses about the importance of compliance with performance standards to promote system security and reliability” chair Paula Conboy said.

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Wrongheaded Climate Alarmism and “The Stupid Party”

By Larry Hamlin – Re-Blogged From WUWT

The so-called “debates” of the Democratic Party Presidential hopefuls have allowed these individuals to display their extraordinary lack of knowledge and colossal ignorance of the world’s energy, emissions and climate realities.

The global energy, emissions and climate alarmist deceptive and dishonest propaganda claims this Presidential election cycle compared to the last such cycle in 2015-2017 can be properly characterized as “it’s worse than we thought” to borrow a much overused phrase from the climate alarmism community.

The inane energy and emissions concepts contained in the Green New Deal along with other related climate alarmist antics supporting this absurdly costly, ineffective and unnecessary scheme are totally loony.

clip_image002

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Transport Chaos Across England and Wales After Major Power Cuts

Energy watchdog Ofgem warns it could take ‘enforcement action’ over the outage

Power cuts spark transport chaos in London – video

Large parts of England and Wales were left without electricity following a major power cut that had a serious impact on rail and road services, including city traffic lights.

Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour, while hundreds of thousands of homes were left without electricity after what the National Grid described as a problem with two generators.

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Apocalyptic Sea-Level Rise

Gregory J. Rummo From the Cornwall Alliance– Re-Blogged From WUWT

On February 2, 1978—41 years ago!—The Wall Street Journal warned in a headline that “Low-Lying Lands Could Be Submerged by Climatic Disaster.”

Fears of apocalyptic sea-level rise are nothing new despite the fact that they seem to have recently taken on a new life of their own, especially in South Florida, where I live.

The only scientific correlation I can make with any certainty is that these fears rise in direct proportion to the number of socialists elected to Congress.

So, let’s first talk about the science of climate change as it pertains to sea-level rise.

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Deflation Is Everywhere—If You Know Where To Look

By Keith Weiner – Re-Blogged From Gold Eagle

At a shopping mall recently, we observed an interesting deal at Sketchers. If you buy two pairs of shoes, the second is 30% off. Sketchers has long offered deals like this (sometimes 50% off). This is a sign of deflation.

Regular readers know to wait for the punchline.

Manufacturer Gives Away Its Margins

We do not refer merely to the fact that there is a discount. We are not simply arguing that Sketchers are sold cheaper—hence deflation. That is not our approach. Let’s look beneath the surface, and drill deeper.

Sketchers makes the sort of shoes that you wear frequently, especially for exercise. They are not made to last forever, and not haute couture that will be worn once every blue moon. If the customer likes the Sketchers styling and they fit well (e.g. for wide feet), then he will be back to buy the next pair in three or four months.

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Michael Moore-backed Documentary, ‘Planet of the Humans,’ Tackles ‘False Promises’ of Green Energy

Re-Blogged From Breitbart

What if alternative energy isn’t all it’s cracked up to be? That’s the provocative question explored in the documentary Planet of the Humans, which is backed and promoted by filmmaker Michael Moore and directed by one of his longtime collaborators. It premiered last week at his Traverse City Film Festival.

The film, which does not yet have distribution, is a low-budget but piercing examination of what the filmmakers say are the false promises of the environmental movement and why we’re still “addicted” to fossil fuels. Director Jeff Gibbs takes on electric cars, solar panels, windmills, biomass, biofuel, leading environmentalist groups like the Sierra Club, and even figures from Al Gore and Van Jones, who served as Barack Obama’s special adviser for green jobs, to 350.org leader Bill McKibben, a leading environmentalist and advocate for grassroots climate change movements.

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Germany Considers a 19% Meat Tax to Combat Global Warming

By Eric Worrall – Re-Blogged From WUWT

Anyone here believe that global warming zealots want to stop at 19%?

Germany may introduce ‘meat tax’ to protect the environment

Currently meat has reduced tax rate of 7 per cent but politicians say it should increase to 19

Phoebe Weston Science Correspondent @phoeb0  1 day ago

Germany could introduce a “meat tax” to protect the climate and improve animal welfare.

Currently meat in the country has a reduced tax rate of seven per cent but the Social Democrat party and the Greens are arguing that this should increase to the standard 19 per cent, with additional revenue spent on improving animal welfare.

New York Hot Dog
Monks Hot Dog, author Mark H. Anbinder

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Fighting Inflation, Fighting Deflation, Fighting For Their Lives

By Mark J Lundeen – Re-Blogged From Gold Eagle

The Dow Jones Index closed the week down 5.38% from its last all-time high of July 15th, a month ago. But looking at the Dow Jones as Mr Bear does in the BEV chart below, with every new all-time high registered as a 0.0%, or BEV Zero, and all other daily closings as a percentage decline from their last all-time high, comes short of displaying what has happened in the stock market since July 15th.

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Ten Causes of Warming

By Jim Steele – Re-Blogged From WUWT

What’s Natural?

All temperatures are not created equally. Rising temperatures have many causes. Good science demands we explore alternative hypotheses before reaching any conclusions. Below is a list of common causes of warming trends and heat events that everyone should consider in addition to any possible increased greenhouse effect.

1. Heat trapping surfaces: Asphalt and cement not only heat up much faster than natural habitat during the day, those materials hold the heat longer, increasing temperatures at weather stations situated near buildings and near asphalt. More asphalt, more warming, more record temperatures.

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Gold To Benefit As Chinese Economy Hits The Wall

By Mike Gleason – Re-Blogged From Gold Eagle

“No China Trade Deal Until 2020, Maybe 2021…Maybe Never”

Mike Gleason: Trade tensions with China have been one of the big stories in the financial press for the past year and a half. We’ve seen U.S. equity markets gyrate up and down. One day traders are euphoric on rumors that a deal with China will soon be reached. The next day, they’re depressed over news of escalating tariffs and some other negative developments. Most recently, we saw a big rally in the stock market on the announcement that some tariffs will be delayed by a few months, although with the further inversion of the yield curve here today, the day we’re talking, Wednesday, the stock market is giving pretty much all of that back. But that aside, I’d like to start by getting your assessment of the prospects for a trade deal here, Gordon. Do you think we’re going to see these tensions resolved in the next few months?

Gordon Chang: Certainly not. I don’t see a comprehensive trade deal until 2020, maybe 2021, maybe never. Problem is Xi Jinping, the Chinese ruler, doesn’t necessarily want a deal. He owns this trade war, quote-unquote, and if he makes significant compromises, he’s going to accept the political responsibility for that. You’ve got to remember that accumulating great power is of course an advantage, but it means he also accumulated great accountability. He can’t blame other people. So I think that the Chinese political system right now is pretty much frozen, and that means we’re not going to see a comprehensive deal. We’re probably not even going to see an interim arrangement, either.

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Slowest Start to Atlantic Hurricane Season Since 2004

By Anthony Watts – Re-Blogged From WUWT

Watching the current maps and models, it appears the 2019 Atlantic Hurricane Season is off to a slow start. For people that the depend on disaster porn (climate alarmists, media) that means no weather events to claim as being climate driven.

Current map from NHC

With no current areas of storm development, 2019 has had the slowest start since at least 2004 when Hurricane Charley was named on August 9th, 2004.

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Past, Present and Future Progress Requires Mining

By John M. Clema – RE-Blogged From WUWT

Metal and mineral needs are constant, constantly evolving, requiring new mines

Civilization’s progress has always been heavily dependent on farming and mining. The Stone Age didn’t end because mankind ran out of stones.

Instead, the discovery, mining and processing of metals like copper, bronze and iron, followed by the development of steel, led to progressively sharper, more effective tools, improved construction techniques, and other engineering and technological achievements. Nonmetallic minerals have also been and remain vital to civilization and progress.

Minerals – or their scarcity – have precipitated wars, but more often have led to certain countries becoming dominant in manufacturing vital products such as computer chips.

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China Coal Mine Approvals Surge Despite Climate Pledges

SHANGHAI/BEIJING (Reuters) – Approvals for new coal mine construction in China have surged in 2019, government documents showed, with Beijing expecting consumption of the commodity to rise in the coming years even as it steps up its fight against smog and greenhouse gas emissions.

FILE PHOTO: A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, China, October 24, 2015. REUTERS/Jason Lee/File Photo

Long-term cuts in coal consumption are a key part of China’s energy, environment and climate goals, but the fivefold increase in new mine approvals in the first-half of 2019 suggests China’s targets still provide ample room for shorter-term growth.

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Central Banks In Panic Mode

By Egon von Greyerz – Re-Blogged From Gold Eagle

In this interview Max Keiser and Egon von Greyerz discuss the enormous pressures in the financial system and the coming stampede into gold. Also:

  • The final phase of the currency race to zero has just started
  • Massive energy in gold, built up over the last 6 years
  • Gold will break its all-time high of $1920, without effort
  • Gold hit new all-time highs in many currencies. Now on its way to at least $10,000 or even $50,000
  • Central banks panicking over global banking system
  • Negative rates – Government bonds, world’s most risky investment
  • At some point, investors will dump overvalued bonds, resulting in hyperinflation and implosion of bond market
  • Dow Jones stock index, will face a vicious fall very soon and in years to come

HERE IS THE INTERVIEW:

Bubble Bubba Isn’t Doing Fine Anymore

Let’s take a look at how the average consumer is doing. I’ll call this typical consumer “Bubba” because I just read an article that claimed “Bubba’s doing better today than at any time since before the Korean War.” It disgusted me because I found it to be such a disingenuous set of lies wrapped in half-truths, all contrived to pacify the trickle-down peasants as that philosophy continues to short-change the middle class with its fake promise.

First of all, who cares about how Bubba was doing before the Korean War? That’s going back an awful long time to find a day the present could beat. It’s before my days, and I’m a grampa now. If you have to look back that far to find a time when Bubba wasn’t doing as “well” as he is today, you’re chasing a false narrative because working-class Bubba wasn’t even alive back then. Those pre-Korean-war Bubbas retired long ago, and frankly they are much better off today in retirement than today’s working Bubba.

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Inflationary Financing And GDP

By Alasdair Macleod – Re-Blogged From Gold Eagle

We tend to think of a nation’s accounts as being split between government and the private sector. It is for this reason that key tests of a nation’s economic sustainability and prospects for the currency are measures such as a government’s share of a nation’s economic output, and the level of government debt relative to gross domestic product.

While there is value in statistics of this sort, it is principally to give a quick overview in comparisons with other nations. For a more valuable analysis it is always worthwhile following different analytical approaches in assessing the prospective evolution of a currency’s future purchasing power.

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The Yield “Curve” Knows

By Craig Hemke – Re-Blogged From Gold Eagle

As global interest plummets to historically negative levels—and as the U.S. bond market reveals a deeply inverted yield curve—it’s time again to assess what all of this means for the precious metals investor.

Just yesterday, a fellow on CNBC remarked that “no one had seen this coming”. By “this”, he meant a sharp rally in both gold and bonds. Oh really? We write these articles for Sprott Money each and every week.

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The Hong Kong Protests

It appears that the two steps forward, one step backwards approach of mainland China isn’t working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades, and the situation appears to be getting worse every week. What does it imply for the gold market?

Hong Kongers Protest

On Monday, Hong Kong’s Airport Authority canceled flights as demonstrators poured into its main terminal. What is going on in Hong Kong? The protests began over plans that would have allowed extradition from Hong Kong to mainland China. Although the bill was suspended, the protests continue, as people demand democratic reforms. The problem is that although Hong Kong – as a former British colony – still enjoys freedoms not seen in mainland China, they are on the decline. The protesters say that mainland China is meddling in Hong Kong, citing examples such as legal rulings that have disqualified pro-democracy legislators.

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Why You Shouldn’t Draw Trend Lines on Graphs

By Kip Hansen – Re-Blogged From WUWT

featured_image_linesWhat we call a graph is more properly referred to as “a graphical representation of data.”  One very common form of graphical representation is “a diagram showing the relation between variable quantities, typically of two variables, each measured along one of a pair of axes at right angles.”

Here at WUWT we see a lot of graphs —  all sorts of graphs of a lot of different data sets.  Here is a commonly shown graph offered by NOAA taken from a piece at Climate.gov called “Did global warming stop in 1998?” by Rebecca Lindsey published on September 4, 2018.

agw_propagsnda

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Australia Begs the USA for Fuel

By Eric Worrall – Re-Blogged From WUWT

When green virtue signalling goes bad.

Australia looks to access US fuel reserves to shore up supplies amid Persian Gulf tensions

By political reporter Jane Norman

Australia is eyeing off the United States’ tightly guarded fuel reserve as it seeks to overcome having less than a third of the stocks it should.

Key points:

NPS West Coal Bunker and Tower Demolition
NPS West Coal Bunker and Tower Demolition

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Farmers Feed Their Cows And Pigs Leftover Baked Goods, Expired Pet Food Due To Corn Price Surge

By Whitney Tipton From The Daily Caller – Re-Blogged From WUWT

Matt Cardy/Getty Images

Matt Cardy/Getty Images

August 02, 2019 6:14 PM ET
High corn prices have made U.S. farmers look for low-cost substitutes for livestock feed including crops from South America, day-old bakery products and expired pet food.

A historic spring corn planting delay has driven up local prices of corn, which is used to feed hogs, cattle and poultry, forcing farmers to seek alternatives including outdated baked goods, Reuters reported.

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Fraud and Corruption Bring Big Payoffs

California judges provide stage for kangaroo court justice over Roundup weedkiller

By Paul Driessen – Re-Blogged From WUWT

San Francisco area juries have awarded cancer patients some $80 million each, based on claims that the active ingredient in Roundup weedkiller, caused their cancer – and that Bayer-Monsanto negligently or deliberately failed to warn consumers that the glyphosate it manufactures is carcinogenic. (It’s not.) Judges reduced the original truly outrageous awards of $289 million and even $1 billion per plaintiff!

Meanwhile, ubiquitous ads are still trolling for new clients, saying anyone who ever used Roundup and now has Non-Hodgkin Lymphoma or other cancer could be the next jackpot justice winner. Mass tort plaintiff law firms have lined up 18,500 additional “corporate victims” for glyphosate litigation alone.

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Market Advances & Declines

[A “BEV” Chart shows the last high as 0% with pullbacks, corrections, and bear mrkets as percntages below the most recent high. -Bob]
By Mark J Lundeen – Re-Blogged From Gold Eagle

This week the Dow Jones saw above average volatility, especially early in the week, but on Friday closed only 3.92% from its last all-time high.

The Dow Jones in the table below (#10) was down 6% at Monday’s close, but recovered as the week progressed to Friday’s close, and that was the story for the rest of the indexes in the table too.

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