Week in Review – Science Edition

By Judith Curry – Re-Blogged From Climate, etc

A few things that caught my eye the past 4(!) weeks.

A hidden province of volcanoes in West Antarctica may accelerate sea level rise [link]

The Dominant Role of Extreme Precipitation Events in Antarctic Snowfall Variability buff.ly/2U3stFU

The Strength of Low-Cloud Feedbacks and Tropical Climate: A CESM Sensitivity Study buff.ly/2NiqxqB

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ITALEXIT: Italy’s Debt Crisis

By Mark O’Byrne – Re-Blogged From Gold Eagle

ITALEXIT: Italy to crash out of Euro and ‘rock EU to its foundations’
– Italy’s debt crisis will lead to default, exit from the euro, or both claims respected economist Bootle
– Italy has fallen back into recession with its economy shrinking by 0.2% in the last quarter
– “When Italy finally blows up, it will cause both a banking crisis that will shake the European economy and a political crisis that will rock the EU to its foundations”

by Roger Bootle of Capital Economics in the  Daily Telegraph

Last week’s data showing a drop in Italian GDP in Q4 of last year confirmed what many observers had already suspected: Italy is in recession.

Or rather, in another recession, for this follows similar phases in 2008, 2011 and 2012.

Where is this going to end?

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Italy Calls Europe’s Bluff, And The Euro Loses Either Way

By John Rubino – Re-Blogged From Gold Eagle

When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of responsibility would bring Rome back into line. But so far the Italians appear to be serious about ending austerity and forcing the ECB to finance their spending ambitions. The just-passed Italian budget calls for a rising deficit, in direct disobedience of Continental (read German) authorities.

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Germany Fails to Meet EU Climate Targets, Will Get Billed Billions

By Anthony Watts – Re-Blogged From WUWT

From Focus Magazin (h/t to GWPF)

The failure to meet European Union climate targets will cost Germany billions. According to a report, the German deficit means the government will have to buy CO2 certificates from Eastern Europe for two billion euros.

While Germany is missing its climate target by just under three percent, countries such as Bulgaria, Croatia, Slovakia and Hungary are doing significantly better, according to a report by Wirtschaftswoche.

Apparently Berlin is already preparing to make the payments. A spokesman for Federal Environment Minister Svenja Schulze (SPD) told “Wirtschaftswoche”: “We would rather invest the money in climate protection and the modernization of the infrastructure in Germany.”

Full story (in German)

(I predict that Germany,when officially told they have to buy billions in CO2 certificates, will tell the EU to go “stuff it” -Anthony)

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Weather Station (Lack Of) Maintenance

By Anthony Watts – Re-Blogged From WUWT

In Spain, Paco Eslava García has been following my lead on the poor quality of weather stations that produce record-high temperatures. I recently pointed out how the tentative all time high temperature in Africa could very well be due to being at an airport. I also pointed out that high temperature records in the Los Angeles area could be a product of poor siting. Such as this station on the roof of the Santa Ana fire station:

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Why The Global Collapse Will Be Devastating

By Egon von Greyerz – Re-Blogged From King World News

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News there is no way out and this is why the global collapse will be devastating.

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Interest Rate Rises will Trigger Renewable Business Collapses

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

h/t Willie Soon – the President of Spanish Energy Giant Iberdrola has suggested interest rate rises will wipe out large numbers of highly leveraged “unskilled” renewables businesses.

Iberdrola chief says global renewable sector facing Enron-style endgame

Ignacio Sánchez Galán, Presidente de Iberdrola

Ignacio Sánchez Galán, Presidente de Iberdrola. By Pabloherreros (Own work) [CC BY-SA 3.0], via Wikimedia Commons


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