Two Years Of Global Record-Breaking Cooling

Power lines and trees are seen covered in snow in the village of Wystepa, near Kielce in central Poland, January 24, 2010. The temperature is to drop to below minus thirty degrees Celsius in some parts of Poland according to local media. REUTERS/Peter Andrews (POLAND – Tags: ENVIRONMENT)

Global average temperatures have dropped by more than half a degree Celsius since President Trump took office and removed the United States from the Paris Global Climate Accord, laying waste to the climate alarmists such as Al Gore who claimed the earth would continue heating up at an unsustainable rate.

NASA data shows that global temperatures have dropped sharply over the past two years. Not that you’d know it, since there has been a total media blackout on the news. Mainstream media is refusing to report on the news because it will embarrass them after years of cheerleading for the climate alarmist camp.

Does that make NASA and mainstream media global cooling deniers?

Writing in Real Clear Markets, Aaron Brown looked at the official NASA global temperature data and noticed something surprising. From February 2016 to February 2018, “global average temperatures dropped by 0.56 degrees Celsius.” That, he notes, is the biggest two-year drop in the past century.

Snowing In Egypt

“The 2016-2018 Big Chill,” he writes,“was composed of two Little Chills, the biggest five month drop ever (February to June 2016) and the fourth biggest (February to June 2017). A similar event from February to June 2018 would bring global average temperatures below the 1980s average.”

Remarkably, no mainstream media outlet deemed this extraordinary news worthy of a single article or mention.

GWPF reports: They did, however, find time to report on such things as tourism’s supposed impact on climate change, how global warming will supposedly generate more hurricanes this year, and threaten fish habitats, and make islands uninhabitable. They wrote about a UN official saying that “our window of time for addressing climate change is closing very quickly.”

Reporters even found time to cover a group that says they want to carve President Trump’s face into a glacier to prove climate change “is happening.”

You get the picture.

Mainstream news covered stories that repeated what climate change advocates like Al Gore have been saying ad nauseam for decades.

What’s more, journalists are perfectly willing to jump on any individual weather anomaly — or even a picture of a starving polar bear — as proof of global warming. (We haven’t seen any stories pinning Hawaii’s recent volcanic activity on global warming yet, but won’t be surprised if someone tries to make the connection.)

We’ve noted this refusal to cover inconvenient scientific findings many times in this space over the years.

Hiding The Evidence

There was the study published in the American Meteorological Society’s Journal of Climate showing that climate models exaggerate global warming from CO2 emissions by as much as 45%. It was ignored.

Then there was the study in the journal Nature Geoscience that found that climate models were faulty, and that, as one of the authors put it, “We haven’t seen that rapid acceleration in warming after 2000 that we see in the models.”

Nor did the press see fit to report on findings from the University of Alabama-Huntsville showing that the Earth’s atmosphere appears to be less sensitive to changing CO2 levels than previously assumed.

How about the fact that the U.S. has cut CO2 emissions over the past 13 years faster than any other industrialized nation? Or that polar bear populations are increasing? Or that we haven’t seen any increase in violent weather in decades?

Crickets.

Reporters no doubt worry that covering such findings will only embolden “deniers” and undermine support for immediate, drastic action.

But if fears of catastrophic climate change on earth are warranted — which we seriously doubt — ignoring things like the rapid cooling in the past two years carries an even bigger risk.

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Janet Yellen ~ Suspended Realization ~ The Recovery Is Not Yet Complete ~ It Really Did Snow In Egypt On Dec 14, 2013

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Source Article from https://politicalvelcraft.org/2018/05/20/two-years-of-global-record-breaking-cooling/

AP’s April Budget Story Ignores Record Receipts to Rip Trump Tax Cut

In its April 2018 Monthly Treasury Statement, the federal government reported that it ran an all-time single-month record $214 billion surplus, primarily because it took in a record $510 billion in receipts. The Associated Press’s Josh Boak ignored the collections record, even though the AP noted the previous record when it occurred in 2015. Instead, Boak presented a different and far smaller out-of-context collections figure, and falsely claimed that the Republican Congress’s tax cuts are responsible for the increase in fiscal 2018’s seven-month budget deficit compared to last year. This negligence irresponsibly enables leftist pundits to continue to scream that the tax cuts aren’t working, despite growing evidence that they really are.

Federal tax collections are highest every April because final payments of prior-year income taxes and current-year first-quarter estimated payments are due from entrepreneurs, business owners, and investors who otherwise don’t have taxes withheld.

The previous single-month collections record was $471.8 billion in April 2015. The $510.4 billion collected last month smashes that previous high by over 8 percent, and is 12 percent greater than the $455.6 billion collected in April 2017.

April’s record collections figure was also significantly higher than the Congressional Budget Office anticipated, as it admitted on May 7:

Receipts collected in April were $30 billion to $40 billion larger than CBO expected when it prepared the estimates reported in The Budget and Economic Outlook: 2018 to 2028, which it issued on April 9.

Boak pretended in his May 10 AP story that the only April collections-related figure worth mentioning was one representing about 60 percent of its grand total:

APonAprilSurplus051018

Boak also failed to note that April’s $314 billion in income-tax collections was a stunning 26 percent higher than the $249 billion collected in April 2017.

AP recognized the Obama era’s previous April 2015 record, even in a shorter blurb in the May 13, 2015 New York Times:

APinNYTon0415Burplus051315

Boak’s attempt to blame the tax cuts for this year’s deficit increase is especially risible:

  • The government’s fiscal year runs from October to September. Tax cuts which became law in late December obviously had little impact on fiscal 2018’s first quarter.
  • Total collections through this year’s first seven months are $79 billion (4.1 percent) higher than last year’s comparable figure.
  • The problem is spending, which through seven months is up by $120 billion (5.2 percent) over last year.

In a May 10 editorial, Investor’s Business Daily cited April’s collections as evidence that “those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.”

Less widely distributed Reuters and Bloomberg dispatches cited April’s $510 billion in collections. Yet the AP’s Boak didn’t, likely because disclosing it would have discredited his inane “blame the tax cuts” claim.

On Monday, thanks at least partially to the misleading cover provided by AP, Politico columnist Brian Faler claimed that the “GOP tax cut not why economy is booming.”

As long as AP’s gatekeepers won’t report basic truths, rubbish like Faler’s will proliferate.

Cross-posted at BizzyBlog.com.

Source Article from https://www.newsbusters.org/blogs/nb/tom-blumer/2018/05/19/aps-coverage-april-budget-surplus-ignores-record-collections

Pakistan Just Broke The World Record For The Hottest April Day — Ever


By Amanda Froelich via Truth Theory

The effects of climate change are already being witnessed. Last week, Pakistan hit 122.3 degrees Fahrenheit (50.2 degrees C), the highest temperature recorded for the month of April — ever. The sweltering temperature was reported by the city of Nawabshah in Sindh, then was later confirmed by the Pakistan Meteorological Department.

The residents of Nawabshah are well-acquainted with extreme temperatures. After all, highs of 53 degrees C are oftentimes recorded during May, ahead of the summer monsoon. The issue is, scorching temperatures continue to rise.

Temperature records for the region extend back to 1930. The previous Pakistan April record was 122 degrees Fahrenheit (50 degrees C), and was reported just last year. This year, dozens of people collapsed with heatstroke from the “unbearable” heat.

As Al Jazeera reports, the World Meteorological Organization has not yet confirmed the record. However, respected climatologist Christopher Burt said the Nawabshah reading is the highest temperature “yet reliably observed in Earth in modern times.”

The news is concerning, as Nawabshah set a new record in March, as well. A reading of 113.9 degrees Fahrenheit (45.5 degrees C) was the highest March temperature recorded in Pakistan. Reportedly, residents in India and South Asia have been experiencing higher-than-normal temperatures, as well.

In many areas, it is normal for temperatures to rise before the monsoon rains begin to fall. However, more records are likely to be broken across India and Pakistan. According to a study conducted last year, mean temperatures across India have risen 0.5 degrees C over the last 50 years. Heat waves have also become more common.

What are your thoughts? Please comment below and share this news!

Source: Al Jazeera

Image Credit1: boscorelli / 123RF Stock Photo

Image Credit2: Wikimedia

Image Credit3: Wikimedia

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Source Article from https://truththeory.com/2018/05/06/pakistan-just-broke-the-world-record-for-the-hottest-april-day-ever/

Martin Jones ties Sharks franchise record

Former Los Angeles Kings goaltender Martin Jones is now in the San Jose Sharks record book. On Wednesday, in the Sharks’ 4-0 win over the Vegas Golden Knights at the SAP Center, Jones had 34 saves, which tied him with Evgeni Nabokov for the most saves in a playoff shutout in Sharks history.  

Jones made nine saves in the first period, 14 saves in the second period and 11 saves in the third period. With the win, the Sharks tied the best out of seven second round Stanley Cup playoff series at two games apiece with the Golden Knights. 

Nabokov was the first Sharks goaltender to make 34 saves in a San Jose playoff shutout victory. He accomplished the feat in a 3-0 Sharks win over the Calgary Flames in game three of the 2004 Western Conference Final and then again in a 2-0 Sharks win over the Detroit Red Wings in game one of the 2007 Western Conference semi-final. 

Jones, who began his National Hockey League career with the Kings in 2013-14, and played two playoff games in his rookie season when the Kings won the 2014 Stanley Cup, now has six career playoff shutouts including two in the 2018 Stanley Cup playoffs with the Sharks. Jones also shutout the Anaheim Ducks 3-0 in game one of the first round playoff series. 

The Sharks and the Vegas Golden Knights will continue their second round playoff series on Friday from the T-Mobile Arena in Las Vegas. For game five tickets, please click here. 

Source Article from https://m.axs.com/martin-jones-ties-sharks-franchise-record-130095

Tesla posts record loss of $710M, burns through $745M while struggling to produce its Model 3 electric cars

Elon Musk got testy with analysts amid concerns over company’s future, after it burned through $745.3m in cash during important quarter

Elon Musk

    

Tesla posted a record $709.6m net loss in the first quarter and burned through $745.3m in cash while struggling to crank out large numbers of its Model 3 mass-market electric car.

The loss and cash burn announced on Wednesday raised questions about the company’s future and whether it would be able to pay all of its bills by early next year without more borrowing or another round of stock sales.

During a sometimes testy conference call with analysts, Tesla’s CEO, Elon Musk, conceded that criticism was valid but said it was “quite likely” the company would make money and have positive cash flow in the third quarter.

“It’s high time we became profitable,” said Musk, who also promised restructuring this month to achieve profit goals. “The truth is you’re not a real company until you are, frankly. That’s our focus right now.”

But Tesla investors gave a rare rebuke to Musk after he cut off analysts asking about future profit potential, sending shares down 5% despite promises that production of the troubled Model 3 electric car was on track.

Tesla stock was little changed after the earnings announcement but fell during a conference call with analysts, when Musk began cutting analysts’ questions short, costing Tesla over $2bn in market capitalization.

“These questions are so dry. They’re killing me,” Musk said after an analyst asked what percentage of Tesla 3 reservation holders have started to configure options for their cars, an indicator of how much profit Tesla will be able to wring from the vehicles. Another analyst asked about a capital requirement before being cut off.

Musk then took several questions in a row about plans for a self-driving car network and other long-term projects from the host of a YouTube channel focused on investing, praising the questions as not boring.

Tesla said its net loss amounted to $4.19 per share. Excluding one-time expenses such as stock-based compensation, the company lost $3.35 per share. Revenue grew by 26% from a year ago to $3.4bn.

The giant loss in a critical quarter for the 15-year-old company fell short of Wall Street estimates. Analysts polled by FactSet expected an adjusted loss of $3.54 per share. Revenue, however, exceeded estimates of $3.28bn.

In April, Tesla said it would not need to return to markets for more capital because it expected to generate cash from sales of the Model 3. But it has had trouble getting them out the door to several hundred thousand people who put down $1,000 deposits to order one.

Moody’s Investor Service downgraded Tesla’s debt into junk territory back in March, warning at the time that Tesla didn’t have cash to cover $3.7bn for normal operations, capital expenses and debt that come due early next year. At the end of last year the company had a total of $9.5bn in long-term debt.

“The negative outlook reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall,” Moody’s wrote in a note to investors.

Tesla has had only two profitable quarters in its nearly eight years as a public company.

The key to raising cash to cover expenses is production of the Model 3 mass-market electric car, which starts at $35,000 but can easily top $50,000 with options.

Musk said the restructuring would involve getting rid of third-party contractors that have grown out of control. “We’re going to scrub barnacles on that front,” he said.

He admitted that Tesla made a mistake by adding too much automation too quickly at the factory.

The plant has missed Musk’s forecasts by a wide mark. When production started last summer he promised to build 20,000 Model 3s during the month of December. Instead, Tesla made only 2,425 during the entire fourth quarter.

Then Tesla forecast 10,000 Model 3s per month at the end of the first quarter. As it turned out, just under 9,800 were assembled from January through March, Tesla said in April. The Fremont, California, factory was shut down for four or five days last month to clear production bottlenecks, Tesla said.

The company, which also makes solar panels, predicted in April that production would climb rapidly through the second quarter and reach about 5,000 vehicles per week – which would return Tesla to its originally promised 20,000 per month rate – around the end of June. It predicted high sales and strong cash flow in the third quarter. “As a result Tesla does not require an equity or debt raise this year, apart from standard credit lines,” the company said.

The Model 3 is the most important piece of Tesla’s plan to become a mainstream automaker. At one point it had more than 500,000 potential buyers on a waiting list. But in April the company conceded that some had cancelled, although it refused to give numbers. Tesla said reservations “remained stable” through the first quarter.

Source Article from https://www.sott.net/article/384671-Tesla-posts-record-loss-of-710M-burns-through-745M-while-struggling-to-produce-its-Model-3-electric-cars

AOL Is Terminating a Record Number of E-Mail Accounts

 

We now know why AOL is terminating a record number of email accounts.

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Massive sinkhole opens up on farm after record rain in Rotorua, New Zealand

Colin Tremain next to the sinkhole

    

A giant sinkhole has opened up on a farm near Rotorua following Sunday’s record breaking rainfall in the region.

The sinkhole, or tomo, was about 200 metres long, 30m wide and 20m deep, farm manager Colin Tremain said.

It runs along a fault-line at the Tumunui farm and was discovered by one of the farm’s staff, who went out to get the cows first thing on Monday morning.

It’s the ninth serious tomo that has been on the farm that was at least 10m deep, Mr Tremain said.

Mr Tremain said he would put a fence around it because it was a waste of time trying to fill it in.

“There was one around the other side, I was watching it in the rain, huge amounts of water going in, it wasn’t even filling up with water, it’s just going straight out the bottom.”

The tomo would get even bigger because there was already a crack which extended 400 to 500 metres through the property, Mr Tremain said.

The farm had 146 millimetres of rain over a 24 hour period on Sunday.

According to NIWA, Rotorua had its wettest hour on record with 51.8mm of rain falling between 10am and 11am on Sunday, with a total of 167.8mm of rain falling between 4am on Saturday and 6pm on Sunday.

Source Article from https://www.sott.net/article/384405-Massive-sinkhole-opens-up-on-farm-after-record-rain-in-Rotorua-New-Zealand