Archive for the 'China' Category

Up a notch

Friday, April 25th, 2014

The US has drawn a Red Line around the Senkaku Islands, controlled by Japan but claimed by China, and the line was drawn personally by the LDIC. NYT:

the disputed islands fell under the United States-Japanese mutual defense treaty. “And we oppose any unilateral attempts to undermine Japan’s administration of these islands,” he said in a written response to the newspaper, The Yomiuri Shimbun. A Chinese Ministry of Foreign Affairs spokesman, Qin Gang, said Wednesday that China was “firmly opposed to treating the U.S.-Japan security treaty as applying to the Diaoyu Islands.”

“The United States should respect the facts, in a responsible manner abide by its commitment not to choose sides over a territorial sovereignty issue, be cautious on words and deeds, and earnestly play a constructive role for peace and stability in the region,” Mr. Qin said during a news conference.

Encounters between military vessels in the region have prompted concerns about the risk of escalation. Last year, a Chinese Navy vessel cut within about 100 yards of the Cowpens, an American cruiser that had been monitoring China’s aircraft carrier, the Liaoning, in the South China Sea.

Chinese and Japanese vessels in the East China Sea have also had several potentially dangerous encounters in recent years. In 2013, Japan said Chinese warships used radar that helps target weapons on a Japanese military vessel and a helicopter near the disputed islands. In an interview on Tuesday, the day the rules were approved, Adm. Wu Shengli, the commander in chief of the Chinese Navy, said the tensions with Japan remained serious and the risk of incidents at sea persisted.

“Nothing can be excluded,” Admiral Wu said in the interview with Phoenix Television, a satellite service based in Hong Kong. “That’s what we often call accidental discharge when cleaning a gun. The gun is an objective fact, but what we need to study is how to avoid accidental discharge when cleaning a gun.”

We see a pattern forming as we noted the other day. Wretchard has more of course. The question has become, not whether dangerous adventurism will take place over the next two years in the Pacific, but what form it will take.

Maybe just a coincidence, but…

Tuesday, April 22nd, 2014

National Post:

A Chinese court has ordered the seizure of a Japanese ship as compensation for the loss of two ships leased from a Chinese company before the two countries went to war in 1937. The 226,434-ton Baosteel Emotion, owned by Mitsui OSK Lines Ltd., was impounded on April 19 as part of a legal dispute that began in 1964, the Shanghai Maritime Court and Mitsui OSK said in notices on their websites. The move is the first time a Chinese court has ordered the seizure of Japanese assets connected to World War II…

The legal dispute over the ship comes as Japan and China spar over islands both countries claim in the East China Sea, and over Japan’s wartime aggression. Prime Minister Shinzo Abe sent an offering to the Yasukuni Shrine in Tokyo, following the visits this month of two cabinet ministers to the site that honours Japan’s war dead, including World War II criminals.

We saw massive Chinese anti-Japan demonstrations a decade ago based in large measure on WWII, so in one sense there is not much to see here. But you can’t help wondering whether this seizing of assets also reflects in part Ukraine syndrome, which also seemed to be on display in Chuck Hagel’s recent visit to China.

Through a glass darkly no more

Thursday, March 20th, 2014

Scott Johnson has a Tough Guy vs. Wimp visual that is pretty funny but misses an important point. The so-called wimp can be a tough guy — here and here are evidence as to whom he despises and is more than willing to act against. This is consistent with the standard religion of leftism by the way, that the US is an imperialist bad actor that has created enemies abroad and repression at home. Exactly what the faculty lounge is all about, but quite a bit more intense and ruthless. (BTW, these fellows and gals are often seriously lacking in historical knowledge, but they fill in the blanks with ideology; after all, truth isn’t about truth, it’s about a technique to get power to enforce equality of outcomes.)

Ah, but how did we get so far away from the America many of us know in our bones? The answers are the university and the media. 3% of Yale donations went to Romney, which is pretty good, by the way. The media are 12-1 against conservatives, which we think slightly understates the case. Still, it’s kind of shocking that things have gotten this bad this fast; yet we only have to look back to the cases of Iran and Honduras to see that the pattern was fully formed and evident years ago. But still, this far this fast? Well, citizens, pause to consider a breathtaking exercise in projection from five years ago, and consider what, unfettered, this level of narcissism has wrought. And there you have it, this far this fast…


Friday, March 14th, 2014


For industrial output, the expansion of 8.6 percent for the two months, compared with the same period last year, was the weakest since April 2009. Retail sales growth, at 11.8 percent, was the weakest since early 2011. Investment in fixed assets rose 17.9 percent, the weakest pace in more than a decade. The January and February figures were grouped together to reduce distortions from the Lunar New Year holiday, which moves from year to year and can fall in either month. To some extent, the slowdown in China’s growth is the result of deliberate engineering by policy makers. Beijing realizes that the economy must shift away from exports and heavy manufacturing, and toward consumption-led growth,. At the same time, it is trying to rein in the sometimes-inefficient lending that has taken place during the last few years

Sometimes-inefficient lending? Could this rather inappropriate delicate tone have anything to do with China’s kicking NYT reporters out of the country?

Final point: check out the CSFB chart in this piece.

China brain teaser

Saturday, March 8th, 2014

As we were just saying, China is predicting lower growth and (at last!) slower secular fixed asset investment. Now it turns out that China has had its first domestic corporate bond default in recent memory — yes it was on one or another of Solyndra’s Asian relatives.

Mostly to date credit problems have been masked by the country’s mind-boggling shadow banking system that has tried to insulate the economy from post-2008 world economic problems. None of that taxes the brain, and we’ve covered related topics for years. But here’s a doozy: if you can figure out this infinite-loop-copper-trading-L/C scheme that apparently doesn’t require physical copper — well, more power to you. We’ll try to figure it out on our next long flight; if we do, we’ll report back.

China’s growth target 7.5% and lower fixed-asset investment

Friday, March 7th, 2014


In an annual parliament meeting that began on Wednesday, premier Li Keqiang said China aimed to expand its economy by 7.5% this year, the highest among the world’s major powers…China’s economic planner, the National Development and Reform Commission, told parliament the government will target 17.5% growth in fixed-asset investment this year, the slowest in 12 years. Investment is the largest driver of China’s economy and accounted for over half of last year’s 7.7% growth by rising 19.6%

And check out slides 3 and 4 of the presentation linked here. Slower is still fast.

Pow Zoom to the Moon

Wednesday, March 5th, 2014

No not the Honeymooners routine. NBC: “NASA astronauts cannot get to and from the station without Russian help, due to the retirement of the space shuttle fleet.” What’s Plan B?

Bonus question: what is China planning?

Gas attack

Tuesday, March 4th, 2014

What passes for wisdom today: “in the old Westerns or gangster movies, right, everyone puts their gun down just for a second. You sit down, you have a conversation; if the conversation doesn’t go well, you leave the room…if you look at Iranian behavior, they are strategic, and they’re not impulsive. They have a worldview, and they see their interests, and they respond to costs and benefits.” Fellow sure likes the sound of his own voice, and he’s far from alone in his naïveté. It’s what they really believe inside the beltway, the media, the media, and the academy. There’s a war on, but only one side is fighting.

Reality versus fantasy again

Sunday, February 23rd, 2014


Ladies and Gentleman, I bring you Professor Arithmetic and Engineer Murphy. Screw up and stuff happens. America has been screwing up and therefore Q.E.D. Of course none of these turnabouts should surprise us. The Soviet Union (remember them?) were going to take over the world all the way up to the moment it collapsed. How could they have collapsed when they had the KGB, the Red Army and half the papers in their pocket? Well they were overmatched. Dr. Evil, however powerful he imagines himself to be, always loses to God, Reality, Professor Arithmetic, Engineer Murphy — whatever you want to call them, because that’s the way things work. But before anyone breaks out the champagne, remember this doesn’t mean that “we” will always win. We are not always on the side of reality. The disaster visited on Chavez might just as soon overtake anyone who thinks he can print and inflate his way out of economic destruction. We will share their fate should we imitate their corruption, because reality doesn’t understand “too big to fail”. The world is partial to competence; as mathematics is partial to correctness; as natural selection favors the survival of the fittest. People knew that once.

At some time in the fairly recent past, truth stopped being a virtue. It was replaced by daft utopianism. The US can go further away from reality than most countries, courtesy of the reserve status of the dollar. But that doesn’t mean there won’t be a day of reckoning.

Numbers, numbers, who’s got the numbers?

Wednesday, January 29th, 2014

China Post:

In an article last Thursday titled “The enigma of China’s GDP statistics,” Xinhua said: “After the National Bureau of Statistics on Monday unveiled economic data for 2013, what grabbed the most attention was not only the 7.7-percent annual growth figure, but also a somewhat peculiar math problem.” While the country’s GDP amounted to 56.9 trillion yuan, or US $9.3 trillion dollars, Xinhua pointed out, the aggregate of the provincial GDP figures exceeded the national figures by 2 trillion yuan — with three of 31 provincial-level bodies not having reported their figures yet.

This phenomenon is not new. As Xinhua said, “the combined economic output of China’s provinces has long exceeded that of the national level compiled by the NBS.” The reasons are “overlapped calculation” and “price divergence” among different regions and “GDP obsession” of local officials.

“Due to local officials’ obsession with governing performance, the local figures will be more or less overblown,” Cong Liang, deputy head of the department of national economy of the National Development and Reform Commission, said at a press conference. “The NBS is working hard to correct this.” Hitherto, each year, local officials have been assessed on the basis of the increase in GDP in their localities. Thus, there is a huge incentive for officials to focus on increasing GDP regardless of any adverse effect and, in fact, to overstate GDP growth.

WSJ, quoting Lombard: “China’s economy grew just 6.1% in the fourth quarter of 2013…That compares with the 7.7% fourth-quarter increase reported by China’s statistics bureau.” When China’s was growing 10% a year give or take, the massive cooked books issue was less of a problem. In a 6% growth environment, it’s a different story. And remember, even this lower growth rate is part fantasy.

Bright lines, perilous times

Sunday, November 3rd, 2013

The NYT is still happy, though concerned that their man “misspoke” two dozen times or so. The AP is running news that was unthinkable five years ago, and ABC is mocking their erstwhile messiah. A line has been crossed, the line demarcating the limits of political BS.

So now we have a world where Saudi Arabia, Syria, Russia, Iran, Israel, Germany, England, and most of the rest of the world don’t believe a word the BS-er in chief says, along with at least the half of the USA that is paying attention — and that number seems likely to grow. Only the NYT and its followers, parts of the Washington press corps, and faculty lounges take the college professor seriously now. Everyone who wants to know now knows that a bright line has been crossed, and as a consequence we live in perilous times for the next three years or so.

Cultural sclerosis — things take 10x longer or don’t get done at all

Saturday, November 2nd, 2013


Harry Reid claims there isn’t “a single shred of evidence” regulations cause big economic harm…”In the first six months of the 2011 fiscal year, 15 major regulations were issued, with annual costs exceeding $5.8 billion and one-time implementation costs approaching $6.5 billion…Overall, the Obama administration imposed 75 new major regulations from January 2009 to mid-FY 2011, with annual costs of $38 billion”…the Federal Register shows over 4,200 new regulations soon to hit an already battered economy — not including impending Environmental Protection Agency clean air rules, new derivative rules, the Federal Communications Commission’s net neutrality rule, fuel economy mandates, ObamaCare and Dodd-Frank financial restrictions. Yet Reid claims regs are harmless

Construction of the world’s tallest building, the Empire State Building took 14 months in 1930. The Pentagon, the world’s largest office building, took 16 months in 1941. 26 months from the beginning of construction, the World Trade Center became the tallest building in the world in 1970. It is 148 months since September 11, 2001 and its replacement is only now nearing completion. We need 10x the time to do things that were done a century ago.

Regulation certainly isn’t the whole story, but it’s a part of the story of America’s cultural decline. Look what happens when you incentivize performance and cut red tape — a project done in half the allotted time. So it can be done, but rarely these days. Daniel Greenfield comments that in today’s culture competence is denigrated and DC and its lawyers substitute the magic of government:

Competence is the real modernity and it has very little to do with the empty trappings of design that surround it. In some ways the America of a few generations ago was a far more modern place because it was a more competent place. For all our nice toys, we look like primitive savages compared to men who could build skyscrapers and fleets within a year… and build them well.

Those aren’t things we can do anymore. Not because the knowledge and skills don’t exist, but because the culture no longer allows it. We can’t do them for the same reason that Third World countries can’t do what we do. It’s not that the knowledge is inaccessible, but that the culture gets in the way.

It’s our very hollow modernity that gets in the way of our truly being modern. We can no longer build big things because the ability to implement vision on a large scale no longer exists. We can still do impressive things as individuals, but that’s also true of Kenya or Thailand. And in China, they can carry out grandiose projects, but those projects have no vision or competence.

We used to be able to combine the two by competently implementing grandiose visions, but our “modern” culture is the roadblock that prevents us from working together to make the great things that we can still envision individually.

Our modernity is style rather than substance. It’s Obama grinning. It’s the right font. It’s the right joke. It’s that sense that X knows what he’s doing because he presents it the right way. There’s nothing particularly modern about that. In most cultures, the illusion of competence trumps the real thing. It’s why so many countries are so badly broken because they go by appearances, rather than by results.

The idea that we should go by results, rather than by processes, by outcomes rather than by appearances, was revolutionary. For most of human history, we were trapped in a cargo cult mode. We did the “right things” not because they led to the right results, but because we had decided that they were the right things. There were many competent people, but they were hamstrung by rigid institutions that made it impossible to go from Point A to Point B in the shortest possible time.

And it’s not just the lawyers who are destructive kibitzers. The pundits and journalists, who also by and large couldn’t repair a toaster, are also believers in magic. Here they sit with the president, as Wretchard describes:

the great columnists of Washington. At these klatches, with the buzz of traffic and bustle of the grimy world held to a hum in the distance, the world lies spread before them malleable, fresh and new. And the great men can feel, even if lesser mortals cannot, that all that is is required to transform that dull universe into something extraordinary is the right phrase, the correct sales pitch, the perfect sound bite. Then the stars will vibrate to the idea and the multitudes will Get It. And so the search continues among the wordsmiths for the Spell, who believe in it with the conviction of zealots. Only try this. Try that. Try again. For they know the dictum: always be closing. Even if there is nothing to sell. The Founders, in rejecting the spell of aristocracy, were in their way rejecting magic. They seemed to say ‘trust in no king, no great leader’ — and that the highest and best thing we could aspire to was to simply be ourselves and make things work. In place of sorcery they trusted in the sanctity of the ordinary, in the immanence of truth; that a government “of the people, by the people, for the people”, while not on Obama’s imagined level would neveretheless never perish from the earth. But magic would; for even if Greenfield fears the sorcerers will return, their day is done. Their time is done because the wooden computer will not boot. Because the sums are in rebellion. Because reality, which is the real source of all true magic, was never consulted, let alone invoked.

In many ways, America was a better country back when there were shotgun weddings and almost everyone knew a farmer or a soldier. Now almost no one knows such earthy characters. However, a harsh future is coming to the US at some point, due to (1) QE infinity and (2) too much debt plus unfunded liabilities. Probably a bad day to have been one who preached that government was magic. We’ll see.

We will keep this promise, period………or something

Thursday, October 31st, 2013


It wasn’t sufficient to say people who like their plans will be able to keep it, which is narrowly untrue.

Narrowly? Watch this unequivocal assertion, seven times, no wait, make that 24 times, period!. Avik Roy at Forbes added up the numbers from the 2010 Federal Register:

the number of people facing cancellations, 51 percent of the employer-based market plus 53.5 percent of the non-group market (the middle of the administration’s range) amounts to 93 million Americans.

And so the rhetoric is now getting a little choppy:

if you had one of these substandard plans before the Affordable Care Act became law and you really liked that plan, you’re able to keep it. That’s what I said when I was running for office. That was part of the promise we made. But ever since the law was passed, if insurers decided to downgrade or cancel these substandard plans, what we said under the law is you’ve got to replace them with quality, comprehensive coverage — because that, too, was a central premise of the Affordable Care Act from the very beginning.

Compare the above with this nonsense that was retailed in 2008 to attract the gullible and innumerate. Credibility, RIP.

Eh and Eh…….and Eh

Thursday, October 17th, 2013

Eh and Eh, foreign and domestic dysfunction. And finally, a case can be made either way for shutdown. We happen to think it was good theater, the evidence for which is that is the rhetoric of the other side. But reasonable people can differ. This is not reasonable, however. Anyway, none of this matters because the country can’t be saved until it stops its practice of 40-70% of children in its various communities being born to unwed mothers.

Securitization, QE, and the sovereign credit asset bubble

Saturday, September 28th, 2013

Asia Times:

Credit fundamentally changed in the nineties, with the proliferation of market-based credit (securitizations, the government-sponsored enterprises, derivatives, “repos”, hedge funds and “Wall Street finance”). Unbeknownst at the time – perhaps to this day – marketable securities-based credit created additional layers of instability compared to traditional (bank loan-centric) credit. These new instabilities and attendant fragilities should have been recognized with the bursting of a speculative Bubble in bonds/mortgage-backed securities/derivatives (along with the Mexican collapse) back in 1994/5. Fatefully, policy measures moved in the direction of bailouts, market interventions and backstops. Credit and speculative excesses were accommodated, ensuring a protracted period of serial booms, busts and policy reflations. Monetary policy fundamentally changed to meet the demands of this New Age marketable securities-based, highly-leveraged and speculation-rife credit apparatus…

zero rates were insufficient to incite private credit expansion after the collapse of the mortgage finance bubble. With this New Age (experimental) marketable credit infrastructure crumbling, the Bernanke Fed resorted to a massive inflation of the Fed’s balance sheet – an unprecedented monetization of government debt and mortgage-backed securities. What unfolded was a historic reflation of global securities prices, along with further massive issuance of marketable debt securities…the $160 billion (Fed and Bank of Japan) experiment in ongoing monthly QE (along with Draghi’s backstop)…

Stock prices have surged to all-time record highs. The S&P500 has gained 7.7% in three months, with Nasdaq up 12.4%. The small cap Russell 2000 has surged 11.3% in three months. The Nasdaq Biotech index has jumped 24.8%, increasing its 2013 gain to 53.3% (two-year gain of 116%). Internet stocks enjoy a three-month gain of 12.6%. The average stock (value line arithmetic) is up 11.2% in three months. Stock prices indicate the opposite of tightening.

This month saw an all-time weekly record for corporate debt issuance. The year is on track for record junk bond issuance and on near-record pace for overall corporate debt issuance. At 350 basis points (bps), junk bond spreads are near five-year lows (5-yr avg 655bps). At about 70 bps, investment grade credit spreads closed on Thursday at the lowest level since 2007 (5-yr avg 114bps). It’s a huge year for mergers and acquisitions. And with the return of “cov-lite” and abundant cheap finance for leveraged lending generally, US corporate debt markets are screaming the opposite of tightening…

The initial QE chiefly involved accommodating speculative de-leveraging (a shifting of positions from the speculators to the Fed’s balance sheet). As such, it actually had a much more muted impact on market liquidity than most appreciated at the time. Non-crisis QE, on the other hand, has had a profound impact. It has directly injected liquidity into the marketplace, while at the same time inciting additional risk-taking and speculative leveraging. Moreover, this added liquidity and heightened speculation hit already highly speculative/overheated global markets. In short, recent QE had a major inflationary impact on global speculative bubbles. From this perspective, it’s not too difficult to appreciate why global markets convulsed on the mere talk of even timid Fed tapering. On the margin, today’s QE has unprecedented impact – and this market addiction will not be easily conquered…

the greatest bubble in history is going on five years now. This thesis is based upon the global nature of current credit and speculative excess, along with attendant financial imbalances and economic maladjustment. My thesis is premised upon bubble excess having, after decades, made it to the heart of government finance and contemporary “money.” This implies acute – and intransigent – fragilities, which ensure policymakers won’t have the grit to pull back… loose money and monetary inflations just don’t bring out the best in people, policymakers or markets.

It’s been six years since the Bear Stearns conference call that noted the beginnings of the meltdown in sub-prime mortgages, and five years since the collapse of Lehman Brothers. Now we’re in the sovereign credit asset bubble. It is notable that Bill Gross does not see this ending well, but there doesn’t seem to be any clarity as to how this will exactly play out.

Occam’s razor

Friday, August 30th, 2013

Surely there are subtleties in Iran’s and Russia’s backing of Syria’s chemical attacks on the precise date of the anniversary of the US government declaring its policy that such an attack would constitute a red line. This media-aware behavior suggests a dare, but why? Occam’s razor suggests an answer. How fantastic is it for Putin that he can make the US administration look like fools while simultaneously spiking the price of his country’s most valuable export? (And the advance planning makes it possible to take advantage of the futures market as well.)

Shale gas and the middle east

Sunday, August 25th, 2013


China’s coal consumption has more than doubled. It now burns almost as much coal as the rest of the world combined. In the first three months of the year, levels of PM-10 (particulates with a diameter of 10 micrometers or less) in Beijing were almost 30 percent greater than during the same period a year earlier. By contrast, in the U.S. CO2 emissions hit an 18-year low in 2012. The reason? An explosion in shale gas production raised the share of electricity produced by natural gas from 20 percent to 30 percent, while bringing down the proportion produced by coal from 50 percent to 37 percent. China’s recoverable shale gas reserves are estimated to be 25 trillion cubic meters, 50 percent larger than those of the U.S.

China faces greater hurdles in getting to its gas than does the US. But even in the US, there are issues. The largest market for CNG would be for cars, but right now they are more expensive, and there are only 600 gas stations open to the public. But it’s not difficult to imagine that, given an appropriate long-term price point for CNG, gas cars might become ubiquitous.

We’re led to think about this by looking at the middle east and the US’s deeply dysfunctional (and bi-partisan) approach. Spengler has some thoughts. Egypt, China, Russia and Saudi Arabia are all on the same page, and the US is on the outs. Over time, we can imagine the US Navy withdrawing from the region, particularly if shale gas turns out to be the big deal that some think it will be. Will China’s rapidly expanding navy take its place? Time and technology will tell.

Oh, BTW, Google is designing a self-driving car. Open the pod bay doors, HAL.

More than a trifecta

Friday, August 23rd, 2013

The WaPo quotes a former VP:

I remember a time when one of my friends made a racist joke and another said, hey man, we don’t go for that anymore. The same thing happened on apartheid. The same thing happened on the nuclear arms race with the freeze movement. The same thing happened in an earlier era with abolition. A few months ago, I saw an article about two gay men standing in line for pizza and some homophobe made an ugly comment about them holding hands and everyone else in line told them to shut up. We’re winning that conversation. The conversation on global warming has been stalled because a shrinking group of denialists fly into a rage when it’s mentioned…We have already crossed the 400 parts per million mark…We are seeing dramatic progress towards new policies in China, Korea, Ireland. We’ve seen a coal tax in India…The extreme events are more extreme. The hurricane scale used to be 1-5 and now they’re adding a 6.

Of course there’s global warming. Global cooling too. No doubt some portion of both is caused by humans. Our problem is with the hysteria and the mad desire to spend scarce and massive resources on something less serious than so many of the problems of the world. As for India, it’s increasing coal imports, and China is today going from 3 to 5 billion tpy of coal use in utilities. Sigh. (BOTW has some amusing commentary on the speech.)

We believe there will come a time when future generations will look back on this and wonder what the fuss was about. Exhibit A for them might be the famed hockey stick graph, which framed the distortion of reality succinctly when it eliminated the medieval warm period.

Inside baseball

Saturday, August 17th, 2013

Conrad Black has an excellent piece at NRO regarding a recent book on FDR and Soviet spying. Ron Radosh has a similar piece. John Earl Haynes and Harvey Klehr have a very detailed review of the Agent 19 scholarship at FrontPage. The authors remind us of the kids who memorized the HR’s, RBI’s, batting averages and all the other statistics of their favorite players back in our youth. Makes our head spin. However, the extensive espionage of the thirties and forties raises the interesting question of who their contemporary counterparts are and whom they’re working for. (Normally you might ask the NSA the question, but they’re tied up at the moment.)

36 to 24 at the moment

Thursday, August 15th, 2013

Organization Studies:

The largest group of APEGA respondents (36%) draws on a frame that we label ‘comply with Kyoto’. In their diagnostic framing, they express the strong belief that climate change is happening, that it is not a normal cycle of nature, and humans are the main or central cause. Supporters of the Kyoto Protocol consider climate change to be a significant public risk and see an impact on their personal life…The second largest group (24%) express a ‘nature is overwhelming’ frame. In their diagnostic framing, they believe that changes to the climate are natural, normal cycles of the Earth. Their focus is on the past: ‘If you think about it, global warming is what brought us out of the Ice Age.’ Humans are too insignificant to have an impact on nature: ‘It is a mistake to think that human activity can change this… It would be like an ant in a bowling ball who thinks it can have a significant influence the roll of the ball.’ More than others, they strongly disagree that climate change poses any significant public risk and see no impact on their personal lives.

This is from a peer-reviewed survey of 1077 respondents. They’re from Alberta so they may have noticed more than most that it’s been getting colder in the last 15 years, or at least not getting any warmer. (Really, how long do you think you’ll be taken seriously if your proof of concept includes pretending the medieval warm period never happened?) BTW, this is perhaps a good example of the limits of media-induced hysteria. Anyway, we’ll take 36 to 24 as a little victory for skepticism, a sine qua non of the scientific method.