i.want.world

banking.economics.sustainability and other shiny stuff

  • Bird Poop

    • 15 Dec 2011
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    • risk
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    With.. Spalt, Hungary will have the most capable risk manager anyone can hope for. His experience and persistence are a guarantee that our subsidiary in Hungary will soon be seeing less risky times.


    Can someone please ask this guy what in the world does he mean?

    Can he really claim that one person - one person alone - with his stupendous skills at tackling risk, his immense foresight for intelligently deciphering future economic outcomes can lessen risks? I implore you to please see the bogus narrative in that quote above. Where are the watchdogs of critical thinking? Laughable.

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  • and on weather forecasts

    • 13 Dec 2011
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    • prediction randomness weather
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    Hope you did by now take this logical shortcut in concluding that weather forecasting is a crapshoot. Case in point: two hurricane forecasters admit that while their models fit beautifully in hindsight, they were incapable of predicting the future.

    Two top U.S. hurricane forecasters, revered like rock stars in Deep South hurricane country, are quitting the practice because it doesn’t work.

    William Gray and Phil Klotzbach say a look back shows their past 20 years of forecasts had no value.

    The two scientists from Colorado State University will still discuss different probabilities as hurricane seasons approach — a much more cautious approach. But the shift signals how far humans are, even with supercomputers, from truly knowing what our weather will do next.

    Gray, recently joined by Klotzbach, has been known for decades for an annual forecast of how many hurricanes can be expected each official hurricane season (which runs from June to November.) Southerners hang on his words, as even a mid-sized hurricane can cause billions in damage.

    Last week, the pair dropped this announcement out of a clear, blue sky:

    “We are discontinuing our early December quantitative hurricane forecast for the next year … Our early December Atlantic basin seasonal hurricane forecasts of the last 20 years have not shown real-time forecast skill even though the hindcast studies on which they were based had considerable skill.”

    I've maintained in fact that any type of forecasting is a waste of energy. They are mere useless publishing of empty suit experts who should be storytellers. I salute Klotzbach and Gray for their integrity.

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  • marginal progress in Haiti

    • 1 Dec 2011
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    • haiti
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    Haiti backers heralded some good news Monday for the earthquake ravaged Haiti: 44 miles of newly asphalted road, a new 605-acre industrial park in the north that will attract 65,000 jobs and a marquee hotel brand [Marriott].

    “This is a very special day. It is truly a day of change,” Luis Alberto Moreno, the head of the Inter-American Development Bank said Monday.

    The bank, which invests hundreds of millions of dollars in Haiti, is sponsoring a two-day investment forum in Port-au-Prince beginning Tuesday. So far, 1,000 people have registered, 500 of them business people from 29 countries.

    Here is more .

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  • Weather vs. Climate vs. Weather

    • 1 Dec 2011
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    • carbon weather
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    Walter Russell Mead explains the difference as he notes that we are very close to breaking the record for longest period in recorded US weather history without a Category 3 hurricane hitting the mainland. An excerpt:

    For those of you who are confused, let me remind you: the only meteorological phenomena that count are the ones that confirm the climate alarmist case.  It doesn’t matter what it is — drought, flood, blizzard, heat wave — if it can be made to support fear about the climate, it matters and it needs to be thoroughly analyzed and widely publicized.

    Meteorological phenomena that, to the unsophisticated, might appear to undermine the case that WE ARE ALL GOING TO DIE if we don’t immediately pass a stringent carbon treaty, are meaningless and should be ignored.

    A spate of hurricanes is climate; an absence of big storms isweather.  The absence of any major hurricanes for six years is a meaningless phenomenon; should a couple of big ones hit in any given year, then every editorial page in the country will fill with hand wringing, dire warning and I told you so.

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