Jon-Stewart cool! Manipulating research to hide that Goddess Gaia has been cooling for the past decade has its humorous aspects—to a point. “Does it refute global warming?”, asks Stewart rhetorically. And he replies, “Of course not.” Stewart then takes aim at “denier” Sen. James Inhofe, and frames the errant global-warming activists who cooked the books as scientist who simply cut corners.
There are limits to the laughter ClimateGate will elicit on the Left. One doesn’t abandon a religion in one day, no matter the evidence.
Contra the USA, Israel’s high-tech sector is thriving and the country is enjoying unprecedented “current accounts surpluses.” Yet quite a few political types, on the left and the right, wish to see parts of this hub of high-tech activity handed over to Katyusha operators.
Courtesy of the Etinger Report, here are some economic indices produced by a population that would fit into a couple of large American cities:
• Siemens acquired Israel’s solar energy Solel for $418MN, following Siemens’ 40% acquisition of Israel’s solar company, Arava Power for $15MN (Globes business daily, Oct. 16, 2009). Sigma Designs acquired Israel’s CopperGate Telecommunications for $200MN (Globes, Oct. 1). Britain’s M86 acquired Israel’s Finjan for $35MN (Globes, Nov. 4).
• Fitch International Credit Rating Agency has joined Moody’s (A1 stable) and Standard & Poor (A stable), maintaining Israel’s long-term foreign exchange and local currency credit rating at A and A+ respectively. Israel is one of the very few countries which have maintained its credit rating during the economic crisis of the last two years. According to Fitch, Israel’s stable banking sector, absence of “bubbles,” hawkish budget-deficit (curbing government spending) policy and stability of the high tech and services sectors have produced unprecedented current accounts surplus and foreign exchange reserves (Wall Street Journal, Nov. 6, Yedioth Achronot, Nov. 8). A 7%-13% rise in hiring has been recorded by Israel’s high tech sector during 2009’s third quarter (Globes, Oct. 26).
• “[Microsoft’s CEO], Steve Ballmer calls Microsoft as much an Israeli company as an American company, because of the importance of its Israeli technologies. Google, Cisco, Microsoft, Intel, eBay – says one of eBay’s executives – the best kept secret is that we all live and die by the work of our Israeli teams…John Chambers, Cisco’s CEO, has bought nine Israeli start-ups… Such economic dynamism has occurred in the face of war, internal strife and rising animosity from other nations. During the six years following the bursting of the tech bubble in 2000, Israel suffered one of its worst periods of terrorist attacks and fought a second Lebanese War, and yet its share of the global venture capital market did not drop – it doubled from 15% to 31%… Israel, a tiny nation of immigrants torn by war, has managed to become the first technology nation…” (James Glassman, Exec. Dir. Of the G.W. Bush Institute, Wall St. Journal, Nov. 23, 2009 book review of Start-Up Nation: The Story of Israel’s Economic Miracle).
• HP expands it R&D operations in Israel, hiring 100 persons during the next two years, in addition to its current 5,000 employees (Globes Business daily, Nov. 25). Microsoft’s newest anti-virus software, Microsoft Security Essentials, was developed in Microsoft’s R&D center in Israel (Globes, Oct. 1).
• Israel has been chosen to succeed Germany in heading the largest R&D network in the world, the “Eureka Initiative,” a pan-European, inter-governmental initiative that supports European innovation and oversees 1.5BN British Pound investments annually. Israeli companies have participated in 40 – out of 300 – Eureka projects launched in 2008. Eureka operates like the highly successful US-Israel Bi-National Industrial R&D (BIRD) Foundation (Israel 21c, July 27).
• The World Intellectual Property Organization (WIPO) has recognized Israel as one of the fifteen international centers (countries) for the search and testing of patents. Thus, global innovators will be able to apply – in Israel – to patent testing and approval, which will be recognized internationally (Ynet, Sept. 30).
• The Dutch Forbion Capital Partners – joined by Alice Ventures, Vitalife, Kreos Capital and IHCV – led an $18.5MN round by Israel’s NiTi Surgical Solutions (Globes, Aug. 12). Apropos IT, Dolphin Equity Partners, Inter-Atlantic Group and Hyperion Partners invested $17MN in a 3rd round by Israel’s SeaPass (Globes, Nov. 5). Yorkville Advisors Global extended a $15MN line of credit to Israel’s Mazor (Globes, Sept. 4). USVP led a $12MN round by Israel’s water-recycling BPT (Globes, Aug. 31). Japanese electrical giants led a $12MN 2nd round of private placement by Israel’s Plurality (Globes, Nov. 19). Dupont Capital, Saints Capital, Carlisle, Adams Street Partners, Deutsche Telecom (T-Venture) and Argonaut participated in a $10MN round of private placement by Israel’s Actelis (Globes Sept. 9). Trilogy Partners led a $9/4MN round by Israel’s Crescendo Networks (Globes, Aug. 14). The US-based Volcano Capital and Wheatley partners led an $8MN round by Israel’s VisionSense (Oct. 19). Pfizer, Johnson & Johnson and Index Ventures invested $8MN in Israel’s NovoCure (Oct. 1). India’s Kushla Ventures and the Silicon Valley-based Kleiner Perkins led a $7MN round by Israel’s eASIC (Globes, Nov. 5). General Catalyst, Spark Capital and Union Square Ventures invested $6MN in Israel’s Boxee (Globes, Aug. 14). Benchmark Capital and Tamares invested $5MN in a 2nd round by Israel’s Panaya (Globes, Aug. 6). 7Health Ventures led a $5MN round by Israel’s Activiews (Globes, Sept. 15). Benchmark Capital leads a $3MN 2nd round by Israel’s Zlango (Globes, Nov. 19).
I have only a minor quibble with the superlative Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, in his dire warnings about the imminent loss of US sovereignty:
“The US Constitution is the thin edge of the wedge that has allowed U.S. governments to cede the rights of Americans to the UN. Specifically, the ‘Supremacy Clause’ in Article VI states that all treaties made by government shall be ‘the supreme Law of the Land,’ and shall usurp state law. Article VI has thus further compounded the loss of individual rights in the U.S.” It needs repealing, among others.
“The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, gave a scathing and lengthy presentation, complete with detailed charts, graphs, facts, and figures which culminated in the utter decimation of both the pop culture concept of global warming and the credible threat of any significant anthropomorphic climate change.”
“…If credible, the concern Monckton speaks to may well prove the single most important issue facing the American nation, bigger than health care, bigger than cap and trade, and worth every citizen’s focused attention.”
“Here were Monckton’s closing remarks, as dictated from my audio recording:
At [the 2009 United Nations Climate Change Conference in] Copenhagen, this December, weeks away, a treaty will be signed. Your president will sign it. Most of the third world countries will sign it, because they think they’re going to get money out of it. Most of the left-wing regime from the European Union will rubber stamp it. Virtually nobody won’t sign it.
I read that treaty. And what it says is this, that a world government is going to be created. The word “government” actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to third world countries, in satisfaction of what is called, coyly, “climate debt” – because we’ve been burning CO2 and they haven’t. We’ve been screwing up the climate and they haven’t. And the third purpose of this new entity, this government, is enforcement.
How many of you think that the word “election” or “democracy” or “vote” or “ballot” occurs anywhere in the 200 pages of that treaty? Quite right, it doesn’t appear once. So, at last, the communists who piled out of the Berlin Wall and into the environmental movement, who took over Greenpeace so that my friends who funded it left within a year, because [the communists] captured it – Now the apotheosis as at hand. They are about to impose a communist world government on the world. You have a president who has very strong sympathies with that point of view. He’s going to sign it. He’ll sign anything. He’s a Nobel Peace Prize [winner]; of course he’ll sign it.
[laughter]
And the trouble is this: if that treaty is signed, if your Constitution says that it takes precedence over your Constitution (sic), and you can’t resign from that treaty unless you get agreement from all the other state parties – And because you’ll be the biggest paying country, they’re not going to let you out of it.
So, thank you, America. You were the beacon of freedom to the world. It is a privilege merely to stand on this soil of freedom while it is still free. But, in the next few weeks, unless you stop it, your president will sign your freedom, your democracy, and your prosperity away forever. And neither you nor any subsequent government you may elect will have any power whatsoever to take it back. That is how serious it is. I’ve read the treaty. I’ve seen this stuff about [world] government and climate debt and enforcement. They are going to do this to you whether you like it or not.
But I think it is here, here in your great nation, which I so love and I so admire – it is here that perhaps, at this eleventh hour, at the fifty-ninth minute and fifty-ninth second, you will rise up and you will stop your president from signing that dreadful treaty, that purposeless treaty. For there is no problem with climate and, even if there were, an economic treaty does nothing to [help] it.
So I end by saying to you the words that Winston Churchill addressed to your president in the darkest hour before the dawn of freedom in the Second World War. He quoted from your great poet Longfellow:
Sail on, O Ship of State!
Sail on, O Union, strong and great!
Humanity with all its fears,
With all the hopes of future years,
Is hanging breathless on thy fate!
Lord Monckton received a standing ovation and took a series of questions from members of the audience….”
“If you needed incontrovertible proof that homegrown retardation is far more pressing a problem than homegrown terrorism in modern-day America – 6-year-old Falcon Heene’s flight of fancy provided it.
The contagion that gripped the nation began on Oct. 15. Anyone turning on the boob tube was treated to a live broadcast of a levitating dome-shaped ‘homemade flying saucer.’
MSNBC’s David ‘Shyster’ informed his unfortunate viewers, matter-of-fact, that the small son of Richard and Mayumi Heene of Fossil Ridge Road in Fort Collins, Colo., had climbed into a carriage attached to the helium-filled contraption, which had become untethered. Boy and balloon were now scaling heights of 10,000 feet. …
Other TV entertainment outlets masquerading as news media hawked the Falcon pie-in-the-sky as fact. If anything, both the authorities and the media proceeded from the premise that Falcon was in fact flying two miles above them, rather than hiding somewhere on terra firma.
When you’re slothful, stout and stupid, it’s easier to look to the heavens than search high-and-low below. …”
Update I (Oct. 23): A NOTE FROM NASA. Edifying too:
Ilana,
It amazes me how the media are constantly duped by attention seekers such as these. I was at work when this was occurring and just like the rest of the fools out there, had to find out more what was going on.
Having launched hundreds of weather balloons, my initial reaction was “no way could a 6 year old boy be lifted by that balloon.”
If you use some math to deduce how much weight a 15 foot high and 5 foot wide balloon could lift at that altitude using helium gas, you come up with about 30 pounds. Not too may 6 year old boys weigh 30 lbs.
We were switching the channels at work to watch the coverage and noticed even the Weather Channel was carrying this. Now, did they use some basic buoyancy equations to figure out the impossibility of a boy being lifted by this balloon? Of course not! But then again the Weather Channel is now owned by NBC, so what do you expect.
Enjoy your articles!
Mark
Johnson Space Center
Update II (Oct. 24): I feel sorry for the Heene woman; she looks so sad. There are times when its obvious a brassy woman pretending to be abused is anything but. In this case, it’s plain to me that Mayumi Heene, while perhaps not abused, is certainly subservient to her husband. Via Drudge:
The mother of the 6-year-old boy once feared missing inside a runaway helium balloon admitted the whole saga was a hoax, according to court documents released Friday.
Mayumi Heene told sheriff’s deputies that she and her husband Richard “knew all along that Falcon was hiding in the residence” in Fort Collins, according to an affidavit used to get a search warrant for the home.
She allegedly told investigators the incident was a hoax meant to make them more marketable to the media.
Update III (Oct. 24): The column has been titled deliciously “Hyper Inflation” on Taki’s and appended with appropriately odious images. Added are some must-read links.
