Author: Serkadis

  • Citroen and GQ Magazine team up to make GQbyCitroen Concept

    Citroen has really stepped up its concept game and has brought us some of the sexiest and unrealistic looking vehicles we’ve ever seen in the past two years. At this year’s 2010 Geneva Motor Show, Citroen showed the new SURVOLT Concept and a year before that Citroen took the show by storm with the GTbyCitroen concept (which will enter limited production). Continuing its streak of gorgeous concepts, Citroen has now teamed up with GQ magazine to create the new GQbyCitroen, a concept “car born through a unique partnership between the UK’s market-leading quality men’s monthly and a team of Citroen designers, collaborating to create the ultimate gentleman’s drive.”

    The GQbyCitroen marks the first time that a British magazine has collaborated with a car company in this way.

    “For me, the car that has always represented the pinnacle of automotive excellence and refinement is the GT – the Grand Tourer. It is not the all-out sports car, rather it is something gentlemanly, it has performance and it is for travelling, not racing, said Mark Lloyd, Chief Designer of Citroën’s International Projects. “We wanted to create something that, like GQ, was aspirational, but also retained the classic automotive ideals. We didn’t want a car for the mass market. We wanted a car for GQ.”

    The GQbyCitroen is powered by a 1.6L, 4-cylinder direct-injection gasoline engine mated to a plug-in hybrid system. The system propels the car from 0-60 mph in just 4.5 seconds with a top speed of 155 mph.

    GQbyCitroen Concept:

    -By: Kap Shah


  • Paul Krugman Caught In Contradiction On The Negative Effects Of Unemployment Benefits

    This is one of the hazards of being prolific. And it’s also one of the hazards of combining politics and economics.

    Econ Professor Donald J. Boudreaux wrote the following letter to the New York Times:

    Paul Krugman says that it is “bizarre” during today’s downturn to worry that unemployment benefits reduce people’s incentives to find jobs — indeed, that this concern is even at odds with “textbook economics” (“Senator Bunning’s Universe,” March 5).

    Prof. Krugman must count himself and his wife, Robin Wells, among those who hold bizarre ideas – or who, when writing economics textbooks, misrepresent economists’ views.  Here’s what they wrote on page 210 of their jointly authored textbook Macroeconomics (2nd ed.), published in 2009: “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect. . . .  In other countries, particularly in Europe, benefits are more generous and last longer.  The drawback to this generosity is that it reduces a worker’s incentive to quickly find a new job.  Generous unemployment benefits in some European countries are widely believed to be one of the main causes of “Eurosclerosis,” the persistent high unemployment that affects a number of European countries.”

    Sincerely,
    Donald J. Boudreaux

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  • YouTube's Revenue to Get Close to $1 Billion in 2010

    Google’s effort to turn YouTube into a money-making machine may finally be starting to come to fruition. While the company isn’t releasing any official numbers, the latest reports from analysts paint a very optimistic picture for the video site in terms of revenue. A Citigroup analyst estimates that YouTube will bring in $945 million in revenu… (read more)

  • It Begins: British Civil Servants Launch 2-Day Strike Against Budget Cuts

    london uk britain U.K. protest police crowd

    Up to 270,000 civil servants are striking over plans to cap severance pay, in the biggest unrest by the government sector in decades, according to BBC News.

    The walk-out could affect courts, ports, job and tax centers, and emergency police call sectors. It will culminate in a protest in London on Tuesday — assuming they don’t build up to unplanned riots.

    Large-scale protests have broken out in Greece and Portugal to protest budget cuts. Although Britain has kept orderly so far, the Queen’s country has been hamstrung by a near-hung parliament and unable to pass cuts more significant than the cap in severance pay.

    It’s looking like Credit Suisse might be right to call Britain the number one candidate for a funding crisis in 2010.

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  • GM’s Ed Whitacre wants more sales now, doesn’t care to watch PowerPoint slideshows

    If you’re wondering why General Motors Chairman and CEO Edward Whitacre keeps shuffling around management at the Detroit automaker, the answer is pretty simple: Whitacre wants more sales now. Apparently Whitacre doesn’t care about watching PowerPoint presentations on how sales will improve next year and will keep shuffling around sales and marketing teams until he gets the results he wants.

    Last week, Whitacre’s drive to get more sales changed up management, including a handful of firings and the decision to reinstate hundreds of rejected dealers.

    “This structure has been developed with as few layers as possible between me, the dealer and the customer,” said Mark Reuss, president of GM North America. “By removing layers and giving leaders increased accountability, we allow them to move faster and focus on what needs to be done.”

    He said that performance of the reorganized team will be “based on how many cars and trucks they sell.”

    In Feb. FoMoCo passed GM in U.S. sales for the first time since July 1998.

    – By: Omar Rana

    Source: Automotive News (Subscription Required)


  • The Wrath of Carl: Edwards intentionally wrecks Keselowski at Atlanta [w/video]

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    Carl Edwards intentionally wrecks Brad Keselowski at Atlanta – Click above to watch video after the jump

    NASCAR had said it wanted a return this season to the bad boy days of oval racing where drivers settled disputes on the track rather than saying “Aw, shucks” in front of the camera afterward. On Sunday, America’s favorite motorsport got what it asked for when Carl Edwards used his No. 99 Roush Fenway Ford to intentionally wreck Brad Keselowski and his No. 12 Dodge on Lap 323 of the Kobalt Tools 500 at Atlanta Motor Speedway. The two were traveling around 190 miles per hour at the time when a tap from side by Edwards sent Keselowski’s car airborne and crashing into the outside wall. On-air commentators quickly noticed in replays that the white gloves worn by Edwards made a quick, sharp turn of the wheel towards Keselowski’s car right before the crash. At the time of the wreck, Keselowski was headed for his first top-10 finish of the season.

    The incident has sparked questions about whether retaliation on the track has gone too far in NASCAR. And while Edwards has been painted by many in the press as the bad boy in this situation, Keselowski has a reputation as a wrecker himself. Earlier in Sunday’s race on Lap 40, he clipped Edwards car on Turn 2. Long before that, Keselowski had spun Edwards last April at Talladega on the final lap to secure a victory, a wreck that caused some injuries in the grandstand as well. Keselowski’s other feuds with Denny Hamlin and Juan Pablo Montoya are also well known.

    Edwards reportedly admitted to officials after the race that the wreck was intentional, though he did not expect Keselowski’s car to go airborne. The affable Aflac spokesman may be suspended for a race, though NASCAR officials have said they would take their time to investigate the incident before making a decision. Follow the jump to see the crash in question as it happened and make your mind for yourself: Did Edwards go too far, or did Keselowski have it coming?

    [Source: FOX News, NASCAR]

    Continue reading The Wrath of Carl: Edwards intentionally wrecks Keselowski at Atlanta [w/video]

    The Wrath of Carl: Edwards intentionally wrecks Keselowski at Atlanta [w/video] originally appeared on Autoblog on Mon, 08 Mar 2010 09:26:00 EST. Please see our terms for use of feeds.

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  • Why Does JPMorgan Trade At Book Value?

    jamiedimon lookingout tbi

    From Reuters Breakingviews at the NYT:

    Jamie Dimon needs an even better postcrisis. The chief executive of JPMorgan Chase runs one of the only major banks in the United States that did not post a quarterly loss during the crash. And he has maneuvered his firm into a strong position to grow as the economy rebounds. But investors don’t yet seem convinced that it will.

    The shares have been stuck trading around book value, or assets less liabilities, since last summer. Put in perspective, that’s not all bad. They had tumbled to less than half that in the depths of the crisis. But to price the bank now at only a fraction more than breakup value seems overly cautious. Another crisis outperformer, Wells Fargo, by comparison, trades at 1.4 times book.

    Read the rest at the New York Times –>

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  • Battlefield: Bad Company 2 tops UK software charts

    There’s so much Battlefield: Bad Company 2 right now that servers are overwhelmed (qjnet/news/bfbc2-server-issues-due-to-overwhelming-server-demand-400-more-than-expected.html) with the mass of players wanting to take their fragging online. To no surprise at all, the latest GFK Chart Track has the

  • Ubisoft’s ‘You Must Be Connected To This Server’ Annoying DRM Servers Go Down

    Sometimes you have to wonder if folks like Ubisoft, who keep insisting that it needs to use DRM, are just messing with everyone. As you certainly know, Ubisoft decided to go with some incredibly annoying DRM for some new games, requiring you to be online at all times, even for single-player games. So, what happens? The servers that you must be connected to crashed, making those games completely unplayable for many, while creating lengthy login delays for others. That basically makes the game useless for many. Well, unless you downloaded the cracked version. Once again, DRM is shown to harm buyers, but do nothing to stop unauthorized use.

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  • U.S. Annual Energy Outlook predicts “alternative vehicles” won’t top 50% market share in 2035

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    Just because it’s difficult to predict the future doesn’t mean people won’t try. See, for example, the CEO of Shell, who said last week that he expects plug-in vehicles to make up 40 percent of the new car market in 2050. The U.S. Energy Information Administration isn’t looking that far ahead with its latest prediction – and it isn’t trying to convince stockholders of one thing or another – but it sees “alternative vehicles” (which includes flex fuel, hybrids and diesel) making up 49 percent of new vehicle sales by 2035. In 2008, this category only made up 13 percent. Why should we expect the increase? Higher CAFE standards and climbing fuel prices will force the issue.

    The breakdown of this “alternative vehicles” category is interesting, too. In 2008, flex fuel vehicles made up around 80 percent of the total, with hybrid electrics making up most of the rest. By the time we get to 2035, the EIA says flex fuel vehicles will make up less than half of the category, with hybrids and diesels all growing to fill the gap. Plug-ins? Well, the EIA thinks they’ll reach around five percent of the total market in 25 years. Thanks to Roy B. for the tip!

    [Source: U.S. Energy Information Administration]

    U.S. Annual Energy Outlook predicts “alternative vehicles” won’t top 50% market share in 2035 originally appeared on Autoblog on Mon, 08 Mar 2010 09:01:00 EST. Please see our terms for use of feeds.

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  • FLOTUS’ Inaugural Gown Goes to Smithsonian

    Sunlen Miller and Yunji de Nies of ABCNews report that Michelle Obama’s Inaugrual gown will be headed to the Smithsonian.

    First Lady Michelle Obama will be donating her inaugural gown to the Smithsonian’s National Museum of American History; it was announced today by the First Lady’s office.

    The white, one shoulder silk chiffon Jason Wu dress will join the ranks at the American History museum in Washington, D.C. of other First Lady’s famous dresses –Jackie Kennedy, Eleanor Roosevelt, and Helen Taft, among others. Mrs. Obama’s shoes and jewelry will also be on display.

    This will be an amazing addition to the existing FLOTUS collection at the Smithsonian. I’m sure the lines will be long to view this exibit, as they were this summer when I took my children. Read more about the exhibit. Posted by Bridgette.

    Post to Twitter Post to Plurk Post to Yahoo Buzz Post to Delicious Post to Digg Post to Facebook Post to MySpace Post to Ping.fm Post to Reddit Post to StumbleUpon

  • Sharpening Your Skills: Successful Negotiation

    Published: March 8, 2010
    Author: Staff

    Sharpening Your Skills dives into the HBS Working Knowledge archives to bring together articles on ways to improve your business skills.

    Questions to be Answered:

    • How is negotiation evolving?
    • How important are opening talks in determining a negotiation’s outcome?
    • Can you win against a non-negotiable partner?
    • How can women negotiate past gender stereotypes?

    How is negotiation evolving?

    The New Deal: Negotiauctions

    Whether negotiating to purchase a company or a house, dealmaking is becoming more complex. Harvard Business School professor Guhan Subramanian sees a new form arising, part negotiation, part auction. Call it the negotiauction. Here’s how to play the game. Key concepts include:

    • In a negotiauction, the rules are never perfectly pinned down, which creates both opportunities and challenges.
    • The three common negotiauction moves are set-up, rearranging, and shut-down.
    • Negotiauctions help in the current economic downturn by providing a more nuanced mechanism and better outcome for both parties.

    How important are opening talks in determining a negotiation’s outcome?

    Walking the Talk in Multiparty Bargaining: An Experimental Investigation

    At the onset of negotiation in multiparty talks, the dominant logic in discussions—be it fairness or competition—strongly influences the equality of payoffs even in complex, full-information multiparty bargaining. Research in this working paper by HBS professor Kathleen L. McGinn and coauthors Katherine L. Milkman and Markus Nöth add critical insights to our understanding of the role of communication in multiparty bargaining. Key concepts include:

    • In multiparty bargaining, as in two-party bargaining, communication may work in part through social awareness and in part by allowing players to threaten to walk away.
    • Communicating the willingness to walk away, in conjunction with loss aversion by stronger players, may help weaker players convince stronger players to move toward a more equal split of the available surplus, but it also permits strong players to threaten weak players.
    • In a competitive, multiparty game, communication may play a more nuanced role than observed in simpler bargaining contexts.

    Can you win against a non-negotiable partner?

    HBS Cases: Negotiating with Wal-Mart

    What happens when you encounter a company with a great deal of power, like Wal-Mart, that is also the ultimate non-negotiable partner? A series of Harvard Business School cases by James Sebenius and Ellen Knebel explore successful deal-making strategies. From the HBS Alumni Bulletin. Key concepts include:

    • Driving a mutually agreeable deal with a large company such as Wal-Mart means price alone can’t be the centerpiece of the interaction.

    How can women negotiate past gender stereotypes?

    Gender in Job Negotiations: A Two-Level Game

    There remains a significant “unexplained” difference in male and female compensation that, according to research in the past several years, cannot be accounted for by gender differences in work commitment, education, and experience, or other considerations such as unionization. In this working paper, Hannah Riley Bowles and Kathleen L. McGinn review two bodies of literature on gender in negotiation. Key concepts include:

    • The traditional division of labor between the sexes—in which women managed the private realm and men the public—continues to have an indirect influence on job negotiation outcomes through gendered stereotypes feeding into gendered pay expectations.
    • The effects of gender on job negotiations are best understood if negotiations at work are viewed as a two-level phenomenon in which candidates’ job outcomes are the product of negotiations with domestic partners as well as prospective employers.
    • Taking stock of the practical implications of this literature may help candidates overcome disadvantageous effects of gender on job negotiations and facilitate the creation of greater value for their employers, their domestic partners, and themselves.

  • Toshiba talks Windows Phone 7 Toshiba TG03

    Toshiba has told Australian ChannelNews that the arrival of Windows Phone 7 and its lack of backward compatibility is not in fact an issue but an opportunity.

    Rob Wilkinson, General Manager of Toshiba Australia Information Systems Division said "Toshiba Australia is seriously looking at what opportunities are out there for us in the Smartphone market. We are talking to retailers and carriers. I have a model in my draw and we will make a decision shortly".

    Toshiba intends to launch a brand new Windows Phone 7 phone with a new generation of applications that will work on both Toshiba notebooks and netbooks as well as a new TG03 Smartphone.

    This feature was recently demoed with the same game being played on the desktop, phone and Xbox, but this technology will clearly have wider relevance than that.

    Senior Optus executives said Toshiba had an excellent brand name and a combination of a Toshiba Smartphone and a netbook running the new Windows 7 operating system will appeal to a lot of customers. "They are not tainted by the problems that are emerging with current model Windows Mobile phones" they said.  

    Carriers however face re-coding their whole library of applications which tend to be shipped with devices, hopefully not something which will delay the release of the new generation of phones.

    According to Toshiba’s leaked roadmap from last year, the TG03, which is a variation on the TG01, will feature a 5 megapixel camera and 3 channel speaker with 5.1 sound. This device will be aimed at media buffs and will come with desktop-based video transcoding software, ensuring a good experience when playing back video on the move. The device was originally meant to ship with Windows Mobile 6.5, but may now be delayed for Windows Phone 7.

    Read more at Smarthouse.com.au here.

  • Mega Man 3 coming to Japanese PSN

    Mega Man 10 hasn’t even hit the PlayStation Network yet and already we’re looking at another installment in the classic franchise. Coming next week to the Japanese PlayStation Store is Mega Man 3.

  • Report: Stirling Moss falls down elevator shaft, breaks bones but OK

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    Sir Stirling Moss and his carbon fiber elevator – Click above to watch video after the jump

    Reports are flooding our inbox this morning that Sir Stirling Moss, one of the most decorated drivers in all of motorsport, was injured falling down a lift shaft in his London home. Moss reportedly fell three floors down the shaft when the doors opened while the lift itself was still one floor above. The 80-year-old racing legend is said to have broken both ankles and four bones in his feet, though he is OK and expected to recover from his injuries in about six weeks.

    Now, you may be wondering why Moss has a lift in his home. Remember, “lift” in the UK means “elevator” in the U.S., and the elevator in Moss’ home is unlike any other. Let us take you back to June 2009. That month we reported about Moss’ swank London home that’s outfitted with such crazy contraptions as a giant tray that lowers from the ceiling to deliver dinner in front of the television, a remote-controlled jacuzzi tub and an automated inbox/outbox in his office. The report’s real gem, however, was Moss’ carbon fiber elevator that was designed especially for him by the Williams F1 team at the time.

    While no reports of the accident mention anything about a carbon fiber elev… err, lift, being what Moss took his tumble down, we can’t imagine he has two lifts in his house. Follow the jump for video of the carbon fiber elev… dammit… lift in action, and beware F1 teams bearing gifts.

    [Source: The Independent]

    Continue reading Report: Stirling Moss falls down elevator shaft, breaks bones but OK

    Report: Stirling Moss falls down elevator shaft, breaks bones but OK originally appeared on Autoblog on Mon, 08 Mar 2010 08:28:00 EST. Please see our terms for use of feeds.

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  • Why There’s No Way The Government Can Tighten And Risk The Double Dip

    (This post previously appeared at the author’s blog)

    The household balance sheet remains the primary concern with regards to the economic recovery.  The latest data from the Federal Reserve on consumer credit showed the first expansion in credit in 12 months.  While many view this as a positive I remain skeptical of the sustainability of the recovery.  Total consumer credit expanded to $2.46T in January.  Unfortunately, this is exactly what the consumer shouldn’t be doing right now and substantially increases the risk of a stimulus withdrawal resulting in a double dip in 2011 or 2012.  At the same time we are beginning to see signs of life in consumer sales – another potentially negative omen for the wobbly recovery.  While all of this might appear to be a positive at first glance it substantially increases the risk of a double dip.  Allow me to elaborate.

    Fitch recently reported that the charge-off rate for prime credit cards remains at its highs:

    Fitch Ratings-New York-03 March 2010: U.S. credit card charge-offs surged to near record levels set last fall, according to the latest Credit Card Index results from Fitch Ratings.

    Fitch’s prime credit card charge-off index jumped 112 basis points (11%) to 11.37%. The results, which cover the January collection period, pushed the index to its highest level since September 2009’s record 11.52% and 54% above year earlier levels. The increase was largely driven by a payment holiday for Chase credit cardholders, which pushed more charge-offs into the current period .

    This highlights the continuing debt woes in the private sector (specifically consumers).  As we’ve long maintained, it is this perpetual expansion in consumer debt which not only caused the credit crisis, but could ultimately result in its nasty revival.  As Fitch notes, these trends are likely to continue barring some miracle return in jobs growth:

    “Late-stage delinquencies are still trending in the 4% range industrywide, which is keeping chargeoff levels in the double-digits,’ said Managing Director Michael Dean. ‘Until we see some meaningful improvement for employment numbers, consumer delinquencies and defaults will remain elevated at or near these levels.”

    Remember, we’ve lost over 7 million jobs during this recession.  If the jobs recovery were similar to the 2003 employment recovery it would take until 2016 to get back to the pre-credit crisis employment levels.

    What’s so interesting in all of this is the potential for a consumer led double dip in 2011 or 2012 if the government steps aside and the stimulus programs end.  As the following chart shows, you can easily see that American households have simply spent more than they earn over the last 6 years.  Ignore every single one of those parabolic (fear mongering) debt charts you have seen all over the internet and in research reports that attempt to show how scary the U.S. government’s mounting debt woes are (remember, as the sovereign issuer of the currency, THE UNITED STATES CANNOT DEFAULT ON ITS OBLIGATIONS! – see here & an explanation of the continuing deflation threat here).   But households certainly can default and do so every day.

    chart

    What’s crystal clear over the preceding 12 months is that the government stimulus has attributed for the majority of the economic rebound.  The hope, of course, is that the public sector will soon hand over the baton to the private sector.  I fear that is not a transition that can occur just yet.  According to my calculations the $1.4T gap between what households earn and household liabilities will continue to be a strain on households for approximately TWO more years.  This assumes no major structural changes in the economy or the housing market (which I actually expect to further weaken barring even more stimulus).  Households need to continue de-leveraging in order to repair their balance sheet back to a time when their incomes are in-line with what they spend.

    Of course, a continuing culprit in all of this is the banks.  This industry which takes much and produces little, continues to hurt the potential economic recovery with their debt based revenue model.  This is not to imply that the U.S. consumer played no role in taking out more debt than they should have, but the lack of regulation in the banking industry substantially contributed to the gross amount of debt that consumers (and banks) have been allowed to take on (no doc, no down loans come to mind here).  The United States government absolutely must pass harsh regulation on these banks and prohibit them from ever being able to fool the consumer into taking on so much debt (or leveraging up their own balance sheets with reckless products).  At the same time, U.S. consumers must wise up, continue to fix their balance sheets and make prudent and educated financial decisions.

    The latest data from the Fed on consumer credit shows that the days of saving and financial prudence may have been short-lived.  If the consumer continues to take on more debt than their income we will continue to see a very weak economic recovery.  And if the government attempts to pass on the baton by falsely assuming that the consumer can run with it, then we are at very serious risk of a double dip in 2011 or 2012.

    Read more market commentary at The Pragmatic Capitalist >

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  • Climate Change Global Warming Just Another Religious Faith

    Ask a dedicated Christian if they believe that Jesus died on the cross, and rose from the dead on the third day to forgive their sins. They will reply that yes, that is exactly the case. Those people are people just like you and me. They have all gone through school and been educated. Also like you and me they believe that, as human beings, once you die, that’s it. (for the bodily state) Ask them why they believe something that nearly all of us would say is improbable, and they reply that they accept this on faith. They have been told this and it is written as so in The Bible, and that’s good enough for them.

    They accept this on faith, and believe it absolutely.

    Ask someone who believes that Climate Change/Global Warming is caused by the emission of Carbon Dioxide (CO2) that man has emitted on the surface of the Planet, and just like the Christian says in response to his question, they also reply that, yes they do believe this. Then ask them if they can effectively explain the heat forcing properties of CO2 in the upper layers of the Atmosphere. Perhaps 99 of 100 of those believers cannot, so the question remains, why do they believe it. They reply that they have been told by Scientists that it does do this, it has been written in peer reviewed papers, and they also say that’s good enough for them.

    They accept this on faith and believe it absolutely.

    I was talking with someone who actually does believe in CO2 caused Climate Change/Global Warming, and trying to get the point across on some of the simple things. These things are what every one of who ever went through school actually has actually learned in their first year of High School Science, something they accepted then as a belief, but somehow over the years, something that has been forgotten. I will deal specifically with just three of the things we talked about.

    I asked him how much coal he thought a large coal fired power plant burned to produce its electrical power. He was astounded when I told him it was around 6.5 million tons of coal a year, and that averaged out to around 18,000 tons a day. He was somewhat puzzled, and said that couldn’t be so, as the number seemed so astonishingly high.

    I lived for a year in Central Queensland at Blackwater. This is almost in the centre of the vast Bowen Basin, which holds vast deposits of coal. This coal is some of the purest black coal on the Planet, and those deposits make this area one of the largest and richest deposits on Earth. There are numerous huge open cut mines close to Blackwater, and that coal is moved from there a distance of around 250 miles to the vast port where it is loaded on huge ships and then exported, mostly to China. This transportation process is carried out by train. 3 large Diesel Electric locomotives haul 100 cars loaded with the coal. Each car hold 100 tons, so each train load hauls 10,000 tons of coal. All up, the length from the front locomotive to the last car is almost three quarters of a mile.

    Why I mention this can now be referred back to the coal fired power plant. Each of those large plants has two of these large coal trains arriving every day, and nearly all of that coal is used each and every day.

    The second point I tried to make was that, considering the amount of coal each large plant burned, then how much of this CO2 was being emitted. When I mentioned that for each ton of coal being burned, 2.86 tons of CO2 was being emitted. He told me flat out ….. ‘You surely don’t believe that, do you?’

    I then proceeded to explain to him that this in fact was exactly the case.

    Using three things he learned in high school, I explained that for a fire to be sustained it needs three things, fuel, a supply of oxygen, and an ignition source. The coal is the fuel, oxygen is forced into the critical furnace, and the ignition source keeps that coal burning. The second thing was that matter cannot be destroyed. The third is if that matter cannot be destroyed, then a chemical reaction takes place. Each Carbon atom in the coal joins with two atoms of Oxygen to form the CO2. If the Carbon and the Oxygen weigh approximately the same, and in fact an Oxygen atom weighs (or has a mass) greater than the Carbon atom, then the weight of the resultant is three times greater. As coal is basically all Carbon with added elements in there as well, then the multiplier is in fact 2.86. That resultant CO2, although an unseen colourless odourless tasteless gas still has an actual physical weight 2.86 times that of the crushed coal being burned in that critical furnace. This link explains it more fully, and includes a link to the US Government site, The Energy Information Administration site, that explains it Scientifically.

    He was surprised that he had actually forgotten this chemical reaction part of this, well not exactly forgotten it, more like just failed to correlate it to this application.

    I then explained, that keeping in mind that nearly 18,000 tons of coal being burned each day, then nearly 52,000 tons of CO2 was being emitted.

    He mentioned that the direction I was taking was actually going to confirm his belief that CO2 was in fact the problem.

    This led to the third point I explained to him.

    Working up from that, I told him that an amount of close on 50 Billion tons of CO2 was being emitted by man made causes on the surface of the Planet. Now he thought he did have me.

    I then explained to him that the level of CO2 in the total Atmosphere was 388 parts per million. He knew this level as fact, and to him, this was indeed a high level.

    Then I told him that this was in fact only 0.0388% of all that Atmosphere. He found that 388PPM was in fact easier to understand, because that made it ’seem’ high, and that the figure I used ‘artificially’ made it seem so low, even though both were exactly the same. He found that percentage figure difficult to comprehend, and referred to the number of 50 billion tons of CO2 being emitted. I explained the analogy of the small eraser in an average sized room, and also the analogy of $3.88 (CO2) compared to the $10,000 of the overall Atmosphere, and he still couldn’t quite grasp it because of that 50 billion tons.

    This was in fact the point I was trying to make.

    That 50 billion tons of man made CO2 emissions adds only a further one part per million to the overall total amount of CO2 in the atmosphere each year, or, a further 0.0001% of the overall Atmosphere. It’s similar to taking an eye dropper and adding one drop of water to a container already holding 18 gallons of water, and expecting that one added drop to have a major effect.

    What I was endeavouring to show him was that some context needs to be included into the debate, that he was accepting Science he had only been told about, and accepting it on pure faith alone, and that in the process, he had forgotten things that he himself had once learned to be factual.

    So, when I describe Climate Change as a religion, it is similar in every way to a religious faith, because just like those Christians who accept what they believe on faith alone, then the same applies in the case of this Climate Change/ Global Warming debate.

    He also seemed a little offended that I should use a term he believed was derogatory, that of Climate Change Religion. I asked him why it was okay for ‘believers’ to label me as a skeptic or even as a denier, and yet it was somehow offensive for me to call this a religion.

    My friend is still my friend. I knew even before I started that I was never going to change his point of view. He thinks I’m a little crazy because I don’t believe it, but he thinks I’m even more crazy to express my points of view out loud, or to write them down for all to see.

    Filed under: America (USA), Australia, Climate Alarmists, Climate Change, Environment, Environmental activists, Fanatics, Fear-mongering, Global Warming, Liberals, Lily-Livered Liberals, Limp-Wrist Liberals, Politics, Power Hungry, Propaganda, Public Opinion Tagged: Atmospheric Carbon Dioxide Levels, Carbon Dioxide (CO2) Emissions, Carbon Dioxide Production, Climate Change Hypocrisy, Climate Change Religion, Coal fired Power, Global Warming Alarmism, Global Warming Hype

  • Toyota gets dishonorable mention in Oscars opening

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    Click above to watch the video after the jump

    And here we thought all that Toyota bashing was happening just in Washington, D.C., in Midwest bars and on late night talk shows. It appears Toyota can’t even escape the negative press that has come as a result of the company’s recent recall woes at the 82 annual Academy Awards, either. During host Steve Martin and Alec Baldwin’s opening monologue, the two delivered a shot below Toyota’s collective belt in reference to the Japanese automaker’s unwanted acceleration issues.

    The joke wasn’t all that funny and there were even a few boos from the star-studded audience, but the bigger issue for Toyota is that the company’s quality woes has officially hit critical mass. After all, we’re sure Toyota is elated that many stars are driving around Hollywood in a fully loaded Prius just like Apple was no doubt thrilled when Steven Colbert busted out an iPad on stage at this year’s Emmys (Apple actually collaborated with Colbert on that one). But when Steve Martin correlates taking a hit out on someone with giving them a free Toyota… not good. And the headline sponsor of the mother of all awards shows? Hyundai and the 2011 Sonata. Hit the jump to watch the opening of the Oscars, and jog forward to about 6:15 to see the Toyota comment.

    [Source: YouTube]

    Continue reading Toyota gets dishonorable mention in Oscars opening

    Toyota gets dishonorable mention in Oscars opening originally appeared on Autoblog on Mon, 08 Mar 2010 08:00:00 EST. Please see our terms for use of feeds.

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