JSER

What is wrong with The Register? When it comes to climate change they seem to manage to post the ridiculous and retarded “science” articles you’re ever likely to see.

Japanese scientists have made a dramatic break with the UN and Western-backed hypothesis of climate change in a new report from its Energy Commission.

Wow! That’s sounds like really groundbreaking news… 

One of the five contributors compares computer climate modelling to ancient astrology. Others castigate the paucity of the US ground temperature data set used to support the hypothesis, and declare that the unambiguous warming trend from the mid-part of the 20th Century has ceased.

Really? Climate change has stopped? That’s a relief, because i for one was starting to get worried. And they really cut those stupid western scientists down to size, “ancient astrology”, pfffssst!

These top scientists are probably the equivalent of the Royal Society in the UK, or the NASA climate research groups in the US. Let’s go check their website:

President: Dr. H. Ishitani (Prof. Keio University, Prof. Emeritus of Univ. of Tokyo)

Vice Presidents: Mr. T. Hattori(President, Japan Atomic Industrial Forum, INC, Adviser, Tokyo Electric Power Co., Ltd)

Mr.H.Nakatani(Advisor, Osaka Gas Co., Ltd., Chairman, Osaka Gas Chemicals Co., Ltd. )

Director of general affairs: Mr. Y. Kato (Executive Officer, Research & Development, The Kansai Electric Power Co., INC)

How odd! They all seem to be funded by power companies, the top polluters in Japan. Still, i’m sure they know what they are talking about – they went to universities you know…

What pisses me off about all of that is that it’s a ten second job to find, visit the JSER website, and determine that they a industry lobbying group. Not a scientific body. They no more represent mainstream science in Japan than… bah! Idiots. Why even waste the bandwidth on publishing such crap? It’s almost as if all they are interested in doing is stirring up controversy for the traffic it generates. Poor. Very poor.

Banking

Saturday morning madness. Been reading about the ongoing slow motion nationalisation of Citibank… got me thinking…

The current banking model is based in the love of growth, and not the kind of directed growth that the world seems to need, but growth at any cost, and in the short-term. See Taleb’s article in the FT, for a description of this madness, but in summary they’ve lost ever penny they’ve ever made (and then some).

Wouldn’t you rather put your money in a ‘bank’ that is run along very conservative lines? A kind of ‘enlightened’ bank that’s goals are things like:

  • maintain the value of deposits at all costs
  • maintain enough liquidity to turn the current fractional banking system on it’s head; 90 / 10, instead of 10 / 90.
  • invest cautiously with the goal of funding the running of the bank and protecting capital against sudden and unexpected shocks to the system
  • push any surplus cash into ethical, long-term focused projects that may only marginally impact the depositors, but have a very high chance of not negatively impacting them

Given that commercially run, publicly listed, banks effectively pay 0% interest on deposits, and still run the risk of losing all of your money (above minimal government guarantees), why isn’t someone pushing a depositor owned bank model like the above? Something tells me that it’d gather a lot of deposits from people like me who just don’t want to see their saving pissed away on coke and strippers for the potential reward of 0.01% interest. The risk / reward of the current system is obviously broken.

Any one know how to run a bank? Surely there must a banker out there somewhere humbled by the size of his failure, who’d be willing to give it a go…