Even in its twilight days, Trump regime is still sticking climate science deniers in sensitive posts

first_imgSaid Jane Lubchenco, a professor of marine biology at Oregon State University and head of NOAA under President Barack Obama: “He’s not just in left field—he’s not even near the ballpark.” And Michael Mann, climate scientist at State University, emailed to National Public Radio to say that Legates has, throughout his career “misrepresented the science of climate change, serving as an advocate for polluting interests as he dismisses and downplays the impacts of climate change.”- Advertisement – “I think [Legates] can make messes that the Biden people are going to have to clean up, especially with respect to personnel appointments and author nominations and assignments,” said a former scientist with the research program, who stressed that new leadership could reverse any changes implemented by Legates. The fifth such assessment is now in the works. The two volumes of the Fourth National Climate Assessment were released in 2017 and 2018. As I reported then, the assessment noted that climate change isn’t some far-in-the-future problem, but is already happening, inflicting “substantial damages” on communities, and it’s going to get worse. Denier-in-Chief Trump didn’t like the assessment, and claimed he didn’t believe it. The only surprise is that he didn’t move sooner to screw things up with the next assessment. The Post notes: The move [to appoint Legates] has rattled rank-and-file scientists at NOAA, the lead agency working on the climate assessment, according to people inside and outside the organization. For much of Trump’s tenure, there has been little political interference at NOAA, the notable exception being Trump’s hand-drawn alteration of an official hurricane forecast, an incident known as “Sharpiegate.”center_img Legates has signed the Oregon Petition, which caught a lot of well-deserved flak for trying to pretend it was something it was not—a peer-reviewed study. The petition states:“There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth.”In testimony to Congress last year, Legates said, “Climate has always changed and weather is always variable, due to complex, powerful natural forces. No efforts to stabilize the climate can possibly be successful. […] The current emphasis on climate change abatement will do far more harm than good.”Legates is one of the many Trump appointments who ought to be out the door before the sun goes down Jan. 20. – Advertisement – – Advertisement –last_img read more

59 believe they do not require pensions advice

first_imgOver half (59%) of respondents believe they do not require pensions and retirement advice when planning to make a withdrawal from their pension pots, according to research by Money.co.uk.The study, which surveyed 669 over 55-year-olds with a pension, also revealed that just one in five (20%) of respondents that are making a withdrawal plan to take advantage of Pension Wise’s free 30-minute advice session. These respondents also cite this as a reason for not paying for the service of an independent financial advisor (IFA).The research also found:One in five (20%) respondents are willing to pay for financial advice when they make a withdrawal from their pension. This figure falls to 13% for male respondents.When asked why they feel they do not need financial advice, 28% of respondents think it is a waste of money, 27% cannot afford it and 15% want to access their money quickly without the ‘hassle’ of taking advice.Of those respondents that are planning to pay for advice, 82% say they are doing so because they want to ensure that they get such a major financial decision right.Respondents are willing to pay an average of £253 for financial advice, while 60% say they would pay £200 or less for it.Around a third (38%) of respondents making a withdrawal say they fully understand the tax implications of doing so.Hannah Maundrell, editor-in-chief Money.co.uk, said: “Our concern is that people will rush into a decision without fully researching the long-term impact or costings, simply because they need cash fast. After all, many people making a withdrawal from their pension are doing so to keep up with day-to-day living expenses.“Looking before you leap and all those other clichés really are the name of the game, especially when you’re gambling a financial future that you’ve worked so hard to save for.”Matthew Brown, private client partner at Thomas Miller Investment, added: “The research from money.co.uk highlights a very important issue, especially for employers who are funding workplace pensions at vast expense. “Thirty eight per cent of respondents did not feel that they understood the complex tax rules and options at retirement. Not only will an incorrect decision at retirement be very costly for the individual but their employer may well end up effectively wasting thousands of pounds of contributions.”last_img read more

Bank of Canadas business sentiment gauge turns negative and drops to lowest

first_img Sponsored By: Bloomberg News Canada’s recent economic slowdown and global trade tensions have begun to impact businesses confidence, according to a Bank of Canada survey.The Ottawa-based central bank’s first-quarter survey of executives — which took place in February and March — showed softening expectations for sales along with a sharp decline in the number of companies reporting labour shortages. The Bank of Canada’s composite gauge of sentiment turned negative and dropped to its lowest since 2016.The main headwinds are a more uncertain outlook in the Western Canadian energy sector 0 Comments Email April 15, 201911:00 AM EDT Filed under News Economy Twitter Reddit Share this storyBank of Canada’s business sentiment gauge turns negative and drops to lowest since 2016 Tumblr Pinterest Google+ LinkedIn Comment Featured Storiescenter_img More What you need to know about passing the family cottage to the next generation The softening picture reflects how the confluence of headwinds — from global trade wars, to last year’s slump in oil prices and a sluggish housing market — is beginning to ripple through the nation’s economy. The report will only reinforce expectations the central bank will keep interest rates on hold indefinitely.“The main headwinds are a more uncertain outlook in the Western Canadian energy sector, continued weakness in housing-related activity in some regions, and tangible impacts from global trade tensions,” the Bank of Canada said in the report in which it described the deterioration in sentiment as a “softening.” Bank of Canada’s Stephen Poloz reinforces perception rates are on hold The Canadian dollar has been on a tear this year, but it’s bullish run might be about to end The IMF cut Canada’s growth outlook — but Deloitte says its forecast is still too optimistic Bank of Canada Governor Stephen Poloz puts significant weight on the survey, which he considers an important supplement to harder economic data. The survey provides insight into everything from investment intentions to the amount of slack in the economy and inflation expectations, and Monday’s report was almost universally negative.More businesses reported their sales growth decelerated over the past 12 months, while expectations for future sales remained depressed.The share of companies reporting at least some difficulty in meeting increased demand fell to 31 per cent, the lowest since 2015. Readings on labour shortages also weakened to multi-year lows, while inflation expectations showed a marked softening. About two-thirds of all executives surveyed expect inflation won’t surpass 2 per cent over the next two years.One positive is investment and employment intentions remain robust, even though there was some softening for these questions as well. Among those surveyed, 39 per cent said they expect to increase spending on machinery and equipment, which is about the historical average but down from recent levels. Almost half the executives surveyed said they expect to raise employment levels over the next 12 months.The survey also found expectations for growth in the U.S. moderating. The share of businesses anticipating slow growth in the U.S over the next 12 months rose to 70 per cent in the survey, from 42 per cent three months earlier.With assistance from Erik HertzbergBloomberg.com Join the conversation → Theophilos Argitis Facebook advertisement Bank of Canada’s business sentiment gauge turns negative and drops to lowest since 2016 Economic slowdown and trade tensions have begun to impact business confidence ← Previous Next →last_img read more