Archive for the ‘ EU ’ Category

Do the math

It seems the ALP isn’t much chop at it.

Riddle me this. With any budget surplus and carbon tax compo set to be tied to a hopeful EU carbon (dioxide) price of around $29 a ton, how’s it all going to work when it’s less than $5 a ton?

Carbon carking it

Just walk away already. How many more billions need to be wasted on useless gestures?

The world’s only global system of carbon trading, designed to give poor countries access to new green technologies, has “essentially collapsed”, jeopardising future flows of finance to the developing world.

Billions of dollars have been raised in the past seven years through the United Nations’ system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive.

No worries. There’s another junket in Qatar this December.

Image H/T Craig Kelly MP, via reader Sean (on Facebook)


Australian taxpayers are funding a 21-strong delegation of bureaucrats from the Department of Climate Change to attend a UN “Climate Change Conference” in Bangkok, with all the departmental staff travelling bus
iness class.

This delegation follows a $360,000 trip for a 38-member delegation to last year’s UN “Climate Change Conference” in Mexico, where Climate Change Minister Mr. Combet, parliamentary secretary for Climate Change Mark Dreyfus, and their advisers all flew business class to exotic Cancun – which followed the then Rudd government spending nearly $1.5 million on travel and accommodation costs for his delegation of 68 to Copenhagen “Climate Change Conference”.

MEP Nigel Farage: break up the euro; let Greece go

Tsk, tsk, DSK… 62, ugly as sin, but didn’t know the bombshell was a pro

Ooookay then.

DISGRACED former IMF chief Dominique Strauss-Kahn was charged today with involvement in an organised vice ring that procured prostitutes for top-class clients, lawyers said.

All very James Bond isn’t it… or is it?

Overweight, old, ugly but apparently he “never had the least inkling that the women he met could have been prostitutes.”

Oh well, innocent until proven guilty and all that jazz.

But speaking of DSK, just what was a confirmed socialist doing running the IMF anyway? In a capitalist society, one would think the vehicle of last resort for sick economies would be run by someone more capitalist than Adam Smith.

Conservative speakers in Australia

Hey, I’m in Korea so can’t go and actually see these guys speak (the events are all sold out anyway), but here’s Mark Steyn on the radio with Alan Jones and below is the the clip of Daniel Hannan MEP speaking to the IPA.

The West is out of money, and yet we have naive do-gooders still wanting to spend trillions we simply don’t have on an imaginary problem we don’t have either – AKA man-made global warming.

Iran to EU: No oil for you!

Iran goes all pre-emptive. Sanctions against their oil exports to the EU were set to take effect in July, but Iran has becided to cut it off now, namely to Britain and France.

Meanwhile, little bombs here, little bombs there?

Riots in Greece; socialism at its best

Greece’s citizens, quite the socialists by nature, are having a hard time of it now that they’ve run out of other people’s money and the free, unsustainable goodies that come with it.

OK, OK, so they haven’t run out. They’ve just had to cut back on their privilaged, pampered lifestyle in order to secure another whopping $171bn €230bn of bailout money that’ll, let’s face it, probably be a waste of (other people’s) money.

Greece’s parliament has approved an austerity and debt-relief bill, crucial for the country to avoid bankruptcy and remain in the eurozone. Lawmakers voted today in favor of the bill that imposes harsh new austerity measures in return for a $171 billion new bailout agreement and related deal with private creditors to shave $132 billion off the country’s national debt. The vote occurred after extensive rioting and looting swept through the Greek capital.

There are some good piccies to go with that last link, too.

Tyler Durden at ZeroHedge:

[T]he question now is what the popular Greek response will be having learned its politicians sold it out yet again, which will likely be nothing much, as it is 1 am local time, and as everyone knows revolutions in heavily socialist countries only start between 9 am and 5 pm, with a 2 hour break for siesta.

Will likely be nothing much? A bit harsh. They did manage to get out of bed and riot because, you know, trashing your own country when it’s already broke is the obvious smart choice.

Related: click here to see in pictures who loaned Greece the money.


Athens’ Starbucks ablaze.


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