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LifeLock CEO’s Identity Stolen 13 Times

Apparently, when you publish your Social Security number prominently on your website and billboards, people take it as an invitation to steal your identity.

LifeLock CEO Todd Davis, whose number is displayed in the company’s ubiquitous advertisements, has by now learned that lesson. He’s been a victim of identity theft at least 13 times, according to the Phoenix New Times.

That’s 12 more times than has previously been known.

In June 2007, Threat Level reported that Davis had been the victim of identity theft after someone used his identity to obtain a $500 loan from a check-cashing company. Davis discovered the crime only after the company called his wife’s cellphone to recover the unpaid debt.

About four months after that story published, Davis’ identity was stolen again by someone in Albany, Georgia, who opened an AT&T/Cingular wireless account using his Social Security number (.pdf), according to a police report obtained by the New Times. The perpetrator racked up $2,390 in charges on the account, which remained unpaid. Davis, whose real name according to police reports is Richard Todd Davis, only learned a year later that his identity had been stolen again after AT&T handed off the debt to a collection agency and a note appeared on his credit report.

Then last year, Davis discovered seven more fraudulent accounts on his credit report that were opened with his personal information and have outstanding debt, according to the police report.

Someone opened a Verizon account in New York, leaving an unpaid bill of at least $186. An account at Centerpoint Energy, a Texas utility, was delinquent $122. Credit One Bank was owed $573, and Swiss Colony, a gift-basket company, was seeking $312.

In addition to these amounts, Davis’s credit report showed five collection agencies were seeking other sums from accounts opened in his name: Bay Area Credit was pursuing $265; Associated Credit Services was seeking two debts in the amount of $207 and $213; Enhanced Recovery Corporation was chasing $250 and $381.

 

A spokeswoman for the Albany police, who investigated the AT&T/Cingular account but never made any arrest, told the New Times that Davis’ publication of his Social Security number created more victims than just himself.

“It’s unfortunate he chose to conduct business in that way,” spokeswoman Phyllis Banks said. “It’s not fair to [AT&T] because they’re losing a pretty substantial amount of money.”

LifeLock refused to discuss the issue with the New Times. The company did not respond to a request for comment from Threat Level.

The company was fined $12 million in March by the Federal Trade Commission for deceptive advertising.

Read the rest here.

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Psychos on Wall Street

The easiest way to explain the never-ending string of Wall Street scandals and implosions is to observe that a surprising percentage of people in the financial industry are psychos.

The latest edition of CFA Magazine, a trade publication for chartered financial analysts, features an article claiming one out of 10 people working on Wall Street are psychopaths.

Sherree DeCovny, the former investment broker who wrote the piece, says the estimate came from researchers, including a psychologist who treats Wall Street professionals.

In the 2005 book, “The Sociopath Next Door,” Harvard University psychologist Martha Stout claims one out of every 25 people in America is a sociopath. She defines sociopath as a person with no conscience.

“Sociopath” and “psychopath” describe a similar range of anti-social traits, including a lack of empathy, no regard for consequences and unbridled risk-taking. Ms. DeCovny defines them this way: “Back when we were little children…and we were learning right from wrong, they didn’t get it.”

Sometimes these people turn out to be Jeffrey Dahmer and drill a hole through your skull. But if you send them to Harvard and dress them in a fine suit, they could become your boss, your CEO or your senator. They excel in any arena where aggressive behavior is rewarded and where grandiose levels of confidence can result in rousing applause.

I have come to know many psychopaths, from Ponzi-schemers to book-cooking corporate executives. They are always charming and narcissistic. They display wonderfully glib senses of humor and spin the truth like a roulette wheel.

It is often difficult to argue that these people are indeed sick until the day they have to exchange their Armani suit for an orange jumpsuit.

I only know one man who openly admits he’s a psychopath. I called him to see what he thought of the numbers Ms. DeCovny reported.

“First of all, it’s not one out of 10,” says Sam Antar. “It’s probably eight out of 10.”

Read the rest here.

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Gold Flash Crash Rouses Suspicions of Witchcraft

By John Dizard

Ben Bernanke: ‘It will be especially important to evaluate incoming information’

As they say, a paranoid is someone who suspects nine of the five conspiracies against him. Last week was a feverish one for the more sensitive gold specu … investors, with a “flash crash” on Wednesday interrupting what had been a stately procession since December to ever-higher highs. Since gold people believe their positions represent not just an investment, but virtue itself, the losers smell witchcraft, and particularly evil Fed witchcraft at that.

What does the gold crash mean, if anything? Was it the result of a conspiracy by short sellers, or, conversely, does it presage another crisis, as gold price declines did in mid-2008 and September of last year?

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The Flying Car May Only Be a Year Away

By |Posted Wednesday, March 9, 2011, at 4:29 PM ET

The Transition by Terrafugia. Click image to expand.

The Transition by Terrafugia

It’s a bird! It’s a plane! It’s a … Volkswagen with wings? A robotic duck? A character in a Pixar film? No. In the words of its inventors, it is a “roadable aircraft.” In the terminology of our collective imagination, it is a flying car. And maybe it is coming to a garage, street, highway, airstrip, or sky near you.

The company that makes the vehicle, Terrafugia—Latin for “flee the Earth”—is a small firm based in Woburn, Mass., made up almost entirely of engineers. It says it has scores of orders for the light two-person plane it calls the Transition, and plans to start production in the next year. The idea for the company and the aircraft came to Carl Dietrich, one of Terrafugia’s cofounders, while he was completing his doctorate at the Massachusetts Institute of Technology. It was, of all things, a regulatory change that sparked his imagination. In 2004, the Federal Aviation Administration created a new category of plane, light-sport aircraft. The small planes require only 20 hours of flight time for pilot certification, less time than it takes to get a beautician’s license in some states. Dietrich, already an indefatigable inventor, started toying with the idea of producing a flying car that enthusiasts and businesspeople could take on short trips—300 miles, say, a full day’s car trip but a quick flight—and then drive and keep at home.

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Here Are The Winners In An Oil Price Shock

On Friday, we quantified the biggest losers in the case of a sustained oil price shock, and were not surprised to find that the US leads the way with about a 0.9% hit to GDP for every $10 rise in crude prices (compared to about 0.4% for the entire world). Today, via Goldman we look at the flipside and while acknowledging that in absolute terms the world will suffer should crude prices sustain their move higher, there will be relative winners.

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Dept. of Energy Signs Agreements to Develop Small Nuclear Generators

By | Published about 17 hours ago

The Obama administration’s Department of Energy, led by Steven Chu, has taken a “portfolio” approach to easing the country into a future in which we’re less reliant on fossil fuels. Instead of betting on a single technology to solve all our problems, the DOE has been pushing a mix of renewables, efficiency measures, and nuclear power. After having licensed the first new nuclear plant in decades, the DOE has now reached agreements with companies that are trying to develop an alternative to these large facilities.

Rather than building large, Gigawatt-scale reactor buildings, several companies are developing what are termed small, modular nuclear reactors that produce a few hundred Megawatts of power. These are typically designed to be sealed units that simply deliver heat for use either directly or to generate electricity. When the fuel starts to run down, the reactors will be shipped back to a central facility for refueling. Since they will never be opened on site, many of the issues associated with large plants don’t come into play.

The new agreements, set up with Hyperion Power Generation, SMR, and NuScale Power, will give the companies access to the DOE’s Savannah River National Lab, with the intention of having them develop sites there for a test installation. Ultimately, the test installations are intended to provide data that will go into the licensing of these new designs. Chu, in announcing the agreement, stated, “We are committed to restarting the nation’s nuclear industry and advancing the next generation of these technologies.”

We’ll be running a feature on the future of nuclear power in the US early next week.

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Pro-Fracking Film Trumps Anti-Death Penalty Project on Crowdsourcing Site

by Hollywoodland

Right-leaning documentaries rarely get the chance to go head to head with their liberal-minded competition.

When was the last time a conservative documentary ended up battling it out for the Best Documentary Oscar?

http://www.youtube.com/watch?v=52XGMQbX8PE&feature=player_embedded

So it’s fascinating to watch the crowdsourcing battle royale between “FrackNation,” a film by Big Hollywood contributors Phelim McAleer and Ann McElninney which argues against the Obama administration’s stance on hydraulic fracking, and “Troy Davis Lives,” a documentary about the execution of a Georgia man convicted of killing a police officer.

To say the former is beating the latter is an understatement. If this were a boxing match they would have stopped the fight days ago.

Read the rest here.

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Dow 1,339,410: The Latest Milestone

This week, the Dow Jones Industrial Average closed above 13000 for the first time in almost four years. If you told yourself, “It’s just an arbitrary number,” you were right.

Round numbers on stock indexes are meaningless in themselves. But they aren’t a bad pretext for putting stock indexes in perspective—and that exercise might give you a less-jaundiced view on the market.

The Dow closed at 13009.12 on Tuesday, its highest level since May 19, 2008, and flickered around 13000 the rest of the week. It is easy to see why many investors shrugged and stayed on the sidelines: That was the ninth time since 2007 that the closing value of the Dow had climbed across the 13000 milestone, according to the WSJ Market Data Group. Along the way, the index had sunk below (and bounced back over) the 12000, 11000, 10000, 9000, 8000 and 7000 thresholds more than 300 times.

Earlier last month, the blogger Tadas Viskanta of AbnormalReturns.com angered some investors with a post titled “There Has Never Been a Better Time to Be an Individual Investor.” He says much of the online chatter about his post harked back to the 1990s, complaining that those—not these—should be considered the glory days. After all, the Dow is more than 1,000 points below its record high of 14164.53 in October 2007.

But there is a good case to be made that the Dow has never been higher—and that Mr. Viskanta is right. The Dow industrials, since their launch on May 26, 1896, have been reported as a “price-only” index that doesn’t capture the dividend income of the underlying companies. The same is true for most major stock indexes.

So I asked Meir Statman, a finance professor at Santa Clara University, and Jonathan Scheid, president of Bellatore Financial, an investment firm in San Jose, Calif., to calculate where the Dow would be today with all dividends reinvested back into the index. Counting dividends, the Dow would have closed this Tuesday at 1339410.97—more than 100 times above its official close.

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Happy Birthday, Dr. Seuss: The Seven Lady Godivas, His Little-Known ‘Adult’ Book of Nudes

by

What Peeping Toms have to do with failure and the expectations of genius.

One hundred and eight years ago today, the world welcomed Theodor Seuss Geisel, better-known as Dr. Seuss — legendary children’s book author, radical ideologist, lover of reading. Among his many creative feats is a fairly unknown, fairly scandalous one: In 1939, when Geisel left Vanguard for Random House, he had one condition for his new publisher, Bennett Cerf — that he would let Geisel do an “adult” book first. The result was The Seven Lady Godivas: The True Facts Concerning History’s Barest Family, which tells the story of nudist sisters who, after their father’s death, pledge not to wed until each of them has “brought to the light of the world some new and worthy Horse Truth, of benefit to man.”

Geisel wrote in the foreword:

A beautiful story of love, honor and scientific achievement has too long been gathering dust in the archives.”

Read the rest and see many more pages of the book here.

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10 Top Warren Buffett Dividend Stocks

NEW YORK (Stockpickr) — At Stockpickr, we track the top holdings of a variety of high-profile investors, such as George Soros and Carl Icahn.

It should come as no surprise that the most popular of these portfolios is that of renowned investor Warren Buffett, CEO of Berkshire Hathaway(BRK.A_), (BRK.B_) and one of the richest people in the world.

In his annual letter to shareholders, Buffett revealed that he has selected selected his successor at Berkshire Hathaway, though he did not reveal the person’s identity.

Today we’re taking a closer look at 10 of Buffett’s top dividend stocks, based on Berkshire Hathaway’s most recent quarterly 13F filing with the SEC, which reflects holdings as of Dec. 31, 2011. These stocks each comprise at least 1% of Berkshire’s portfolio and yield at least 1.5%.

Read the rest here.

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Warren Buffett’s Insurance Growth Engine May Stall

By Andrew Frye – Mar 2, 2012 10:16 AM ET

Warren Buffett, the former hedge fund manager who built Berkshire Hathaway Inc. into a $195 billion company by gaining leverage through insurance premiums, said this traditional source of new funds is drying up.

Berkshire’s (BRK/A) insurance units, which cover risks from fender benders to asbestos-related hospital bills, can no longer be relied on to provide new investment funds in the form of float, or accumulated premium, Buffett said in a Feb. 25 letter. Float, which rose to $70.6 billion as of Dec. 31 from $65.8 billion a year earlier and $39 million in 1970, is unlikely to “grow much — if at all — from its current level,” Buffett said.

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BREAKING: BP Settles Gulf Spill Suits, Expects $7.8B Payout

NEW ORLEANS (AP) — BP agreed late Friday to settle lawsuits brought by more than 100,000 fishermen who lost work, cleanup workers who got sick and others who claimed harm from the oil giant’s 2010 Gulf of Mexico disaster, the worst offshore oil spill in the nation’s history.

The momentous settlement will have no cap to compensate the plaintiffs, though BP PLC estimated it would have to pay out about $7.8 billion, making it one of the largest class-action settlements ever. After the Exxon Valdez disaster in 1989, the company ultimately settled with the U.S. government for $1 billion, which would be about $1.8 billion today.

Read the rest here.

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Gov’t Motors Halts Production of Chevy Volt

By Keith Laing – 03/02/12 03:39 PM ET

General Motors has temporarily suspended production of its Volt electric car, the company announced Friday.

GM, which is based in Detroit, announced to employees at one of its facilities that it was halting production of the beleaguered electric car for five weeks and temporarily laying off 1,300 employees.

A GM spokesman told The Hill on Friday that production of the Volt would resume April 23.

“We needed to maintain proper inventory and make sure that we continued to meet market demand,” GM spokesman Chris Lee said in a telephone interview.

Lee noted that sales of the Volt were higher in February than they were in January, and added that California recently decided to allow the electric car to qualify for High Occupancy Vehicle (HOV) lanes in the state.

“We see positive trends, but we needed to make this market adjustment,” he said.

The Chevy Volt has come under criticism from Republicans in Congress because of reports of its batteries catching on fire during testing. President Obama gave the electric vehicle a vote of confidence in a speech to the United Auto Workers union this week, promising he would buy a Volt “five years from now, when I’m not president anymore.”

But Republicans have argued that the Volt was being pushed by the Obama administration for political reasons instead of consumer demand.

“Is the commitment to the American public or is the commitment to clean energy, that we are going to get there any way we can?” Rep. Mike Kelly (R-Pa.) asked in a hearing in the House in January about the Volt’s reported battery fires.

“When the market is ready … it won’t have to be subsidized,” Kelly said.

Chevy has argued the debate about the Volt has become too political.

“We did not develop the Chevy Volt to be a political punching bag,” General Motors CEO Daniel Akerson testified before Congress in the same January hearing. “We engineered the Volt to be a technological wonder.”

Read the rest here.

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Global Temperature Anomaly in February: Colder Than 20 Years Ago

UAH Global Temperature Update for February 2012: -0.12 deg. C

March 2nd, 2012 by Roy W. Spencer, Ph. D.

The global average lower tropospheric temperature anomaly cooled a little more in February, 2012, again not unexpected for the current La Nina conditions in the tropical Pacific Ocean (click on the image for the full-size version):

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Fakegate: The Obnoxious Fabrication of Global Warming

Peter Ferrara, Contributor

About every four years, the United Nation’s Intergovernmental Panel on Climate Change (IPCC) produces a voluminous Assessment Report (AR) on the state of global warming science, such as it is. Two years after each AR, the IPCC produces an updating Interim Report.

In 2008, The Heartland Institute, headquartered in Chicago, began organizing international conferences of scientists from across the globe who want to raise and discuss intellectually troubling questions and doubts regarding the theory that human activity is causing ultimately catastrophic global warming. Six conferences have taken place to date, attracting more than 3,000 scientists, journalists, and interested citizens from all over the world.

(Full disclosure: As indicated by my nearby bio, I am a Heartland Senior Fellow, one of several affiliations I have with free-market think tanks and advocacy groups.)

In 2009, Heartland published Climate Change Reconsidered: The Report of the Nongovernmental International Panel on Climate Change (NIPCC). That 860-page careful, dispassionate, thoroughly scientific volume, produced in conjunction with the Science and Environmental Policy Project (SEPP) and the Center for the Study of Carbon Dioxide and Global Change, explored the full range of alternative views to the UN’s IPCC. Two years later, Heartland published the 418 page Climate Change Reconsidered: The 2011 Interim Report of the NIPCC, which updated the research regarding global warming and “climate change” since the 2009 volume.

Through these activities and more like them, Heartland has become the international headquarters of the scientific alternative to the UN’s IPCC, now providing full scale rebuttals to the UN’s own massive reports. Any speaker, any authority, any journalist or bureaucrat asserting the catastrophic danger of supposed man-caused global warming needs to be asked for their response to Climate Change Reconsidered. If they have none, then they are not qualified to address the subject.

This is the essential background to understanding “Fakegate,” the strange and still being written story of the decline and fall of political activist Peter Gleick, who had successfully engineered a long career posing as an objective climate scientist. Gleick, who has announced he is taking a “temporary, short-term leave of absence” as president of the Pacific Institute, also served until recently as chairman of the science integrity task force of the American Geophysical Union.

Gleick has publicly confessed that he contacted The Heartland Institute fraudulently pretending to be a member of the Board of Directors. Emails released by The Heartland Institute show that he created an email address similar to that of a board member and used it to convince a staff member to send him confidential board materials. Gleick then forwarded the documents to 15 global warming alarmist advocacy organizations and sympathetic journalists, who immediately posted them online and blogged and wrote about them.

Their expectation apparently was that the documents would be as embarrassing and damaging to the global warming skeptics as were the emails revealed in the “Climategate” scandal to the alarmist side. The Climategate revelations showed scientific leaders of the UN’s IPCC and global warming alarmist movement plotting to falsify climate data and exclude those raising doubts about their theories from scientific publications, while coordinating their message with supposedly objective mainstream journalists.

But the stolen Heartland documents exonerated, rather than embarrassed, the skeptic movement. They demonstrate only an interest at Heartland in getting the truth out on the actual objective science. They revealed little funding from oil companies and other self interested commercial enterprises, who actually contribute heavily to global warming alarmists as protection money instead. The documents also show how poorly funded the global warming skeptics at Heartland are, managing on a shoestring to raise a shockingly successful global challenge to the heavily overfunded UN and politicized government science.

As the Wall Street Journal observed on Feb. 21, while Heartland’s budget for the NIPCC this year totals $388,000, that compares to $6.5 million for the UN’s IPCC, and $2.5 billion that President Obama’s budget commits for research into “the global changes that have resulted primarily from global over-dependence on fossil fuels.” That demonstrates how an ounce of truth can overcome a tidal wave of falsehood.

Maybe that is why Gleick or one of his coconspirators felt compelled to go farther and composed a fake memo titled “Confidential Memo: 2012 Heartland Climate Strategy.” Whoever did it understood that a document composed on his computer and distributed online would contain markings demonstrating its source and confirming the forgery, so they printed it out and scanned it to hide its digital trail. The scanned document itself, however, contained evidence that allowed even amateur sleuths to trace it back to the Pacific Institute’s offices, as explained in an article by Megan McCardle, a senior editor for The Atlantic. (McCardle, incidentally, is highly sympathetic to global warming alarmism.)

The forged cover memo, not the actual stolen document, contains language mirroring Climategate. It discussed fabricated projects that are not activities of Heartland, and references a $200,000 Koch Foundation contribution for climate change activities that doesn’t exist. The Koch Foundation confirms that it gave Heartland only $25,000 in 2011, earmarked for health care policy projects and not climate change, an amount equal to only 0.5% of Heartland’s 2011 budget. By contrast, as the Journal also observed, the budget last year for the Natural Resources Defense Council was $95.4 million, and for the World Wildlife Fund $238.5 million.

Heartland President Joe Bast said in a statement on the episode, “The stolen documents were obtained by [a then] unknown person who fraudulently assumed the identity of a Heartland board member….Identity theft and computer fraud are criminal offenses subject to imprisonment. We intend to find this person and see him or her put in prison for these crimes.”

While I am not a scientist, and write primarily on economics, tax policy and budget issues, I have been fascinated over the years by Heartland’s work on climate change. I’ve attended the Heartland global warming conferences and read through the organization’s publications on the issue. What has fascinated me is how the objective, dispassionate scientific presentations so thoroughly demolish the intellectual case for catastrophic man-caused global warming. In contrast, as the comments to this article will no doubt show, the case for catastrophic global warming is no more than appeals to authority (“the United Nations says it’s true!”) or ad hominem attacks.

The bottom line is that the temperature records are not consistent with the theory that human “greenhouse” gas emissions are the primary cause of global warming. Those records do not show temperatures rising in conjunction with such ever rising emissions as the globe increasingly industrializes. Instead, the temperature record shows an up and down pattern that follows the pattern of natural influences on global temperatures, such as cyclical sunspots and solar flares, and cycles of ocean churning from warmer to colder temperatures and back, such as the Pacific Decadal Oscillation (PDO).

Moreover, the incorruptible and objective satellite temperature records show only modest warming starting in the late 1970s, which stopped roughly 10 years ago, with more recent declines. That is consistent with temperature proxy records found in nature, such as tree rings and ice cores. But that diverges significantly from the corruptible and subjectively compiled land based records, the repeated manipulation of which has prompted several prominent climate scientists to call for an investigation. Perhaps Gleick’s skills in falsification can be found more broadly among his colleagues.

In addition, the work of the UN’s IPCC is based on numerous climate models that attempt to project temperatures decades into the future. Those models are all based on the circular assumption that the theory of man caused global warming is true. As 16 world leading climate scientists recently reported in a letter to the Wall Street Journal,

“[A]n important gauge of scientific expertise is the ability to make successful predictions. When predictions fail, we say that the theory is ‘falsified’ and we should look for the reasons for the failure. Shown in the nearby graph is the measured annual temperature of the earth since 1989, just before the first report of the Intergovernmental Panel on Climate Change (IPCC). Also shown are the projections of the likely increase of temperature, as published in the Summaries of each of the four IPCC reports, the first in the year 1990 and the last in the year 2007.

“From the graph it appears that the projections [of the models] exaggerate, substantially, the response of the earth’s temperature to CO2 which increased by about 11% from 1989 through 2011. Furthermore, when one examines the historical temperature record throughout the 20th century and into the 21st, the data strongly suggest a much lower CO2 effect than almost all models calculate.”

Seems like the models have been falsified.

The likely reason for that failure is that while the models recognize that increased CO2 itself will not produce a big, catastrophic increase in global temperatures, the models assume that the very small amount of warming caused by increased CO2 will result in much larger temperature increases caused by positive feedbacks. The real, emerging science, as the Heartland publications indicate, is that the feedbacks are more likely to be offset by negative feedbacks, resulting in a much smaller net temperature change. Scientists have pointed out that much higher CO2 concentrations deep in the earth’s history, as shown by proxy records, did not result in catastrophic temperature increases, a very powerful rebuttal to the idea today’s relatively low CO2 levels could trigger catastrophic global warming.

The results of the latest, most advanced data collection also suggest that CO2 is not responsible for the modest global warming of the late 20th century. The UN models agree with established science that if human greenhouse gas emissions were causing global warming, there should be a hot spot of higher temperatures in the troposphere above the tropics, where collected concentrations would have the greatest effect, and the warming would show up first. This is known in the literature on climate science as “the fingerprint” for man caused global warming. But data from global weather satellites and more comprehensive weather balloons show no hotspot, and no fingerprint, which means no serious global warming due to human greenhouse gas emissions. QED.

Moreover, satellites also have been measuring the energy entering the earth’s atmosphere from the sun, and the energy escaping back out to space. If the theory of man caused global warming is correct, then the energy escaping back out should be less than the energy entering, as the greenhouse gases capture some of the energy in the atmosphere. But the satellite data show negligible difference.

The real cutting edge in climate science was publicly exposed recently in a book by one of the long time leaders of the German environmental movement, Fritz Vahrenholt, in his new book, The Cold Sun. The book expresses the growing concern among more careful real climate scientists, rather than political scientists, that trends in solar activity portend a return to the cold, limited agricultural output, and widespread disease of the Little Ice Age, or even a more full blown, overdue by historical standards, real ice age.

The consolation is that those threatening developments are still centuries away. In an interview with Spiegel magazine, titled “I Feel Duped on Climate Change,” Vahrenholt tells readers that the UN’s forecasts on the severity of climate change are exaggerated and supported by weak science. The American version would be Al Gore producing a movie with the title, “The Most Inconvenient Truth:I Was Wrong.”

The root of the global warming confusion is that the UN is not a disinterested party that can be trusted to compile and interpret the climate science on which the world’s policymakers can rely. The UN sees the theory of man caused catastrophic global warming as a tremendous opportunity for gaining the regulatory and taxation powers of a world government.

It is at least as self-interested on the subject as oil and gas companies. It has used its role as grand overseer of climate science to advance its own agenda. The result has been a great disservice to the scientific community and to policymakers. It fueled a global panic and mass delusion that has cost hundreds of billions or even trillions of dollars, and is likely to cost trillions more before it finally runs its course.

That is why Gleick’s Fakegate memo is actually a perfect metaphor for the entire fabrication of global warming. It and the entire Fakegate scandal provide a window, much like Climategate did, into the global warming movement, and what we see is ugly indeed. Peter Gleick’s misconduct is repeated a hundred times every day, in the same dishonest, cynical, and corrosive way, by global warming advocates around the world.

Fakegate is another reason why he U.S. should withdraw all funding and participation in the UN’s IPCC, and establish its own panel of scientists representing the full spectrum of views to study whether there is any real potential threat from man caused global warming. I nominate as the Chairman for that panel Richard Lindzen, the retiring Alfred P. Sloan Professor of Meteorology at MIT.

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