Fight the Right
@nigel-purchase.mstdn.social.ap.brid.gy
77 followers 23 following 290 posts
Former fund manager and economist. Deeply alarmed by the climate crisis. Neo-liberalism has been catastrophic for our civilisation. I mostly follow back. [bridged from https://mstdn.social/@Nigel_Purchase on the fediverse by https://fed.brid.gy/ ]
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nigel-purchase.mstdn.social.ap.brid.gy
In vino veritas

From Open Mind (Tamino):

https://volewica.blogspot.com/2019/10/in-vino-veritas.html
In vino veritas
From Open Mind (Tamino): > **In truly fascinatingnew research, scientists have searched historical records to collect data about when the grape harvest began each year. Their research wasn’t published in the Journal of French Wine (I don’t know if there even is one), it was published in the journal Climate of the Past. That’s because the date when the grape harvest begins is a clue to temperature.**** > **** > ****The importance of clues like this is that they extend farther back in time than thermometer records. The grape harvest dates (GHD) start in the year 1354 — centuries before the thermometer was even invented. Also quite important: they are all for the same location: Beaune, France.**** > **** > ****When the temperature is hotter, the grapes are ready to harvest earlier. When it’s colder, they harvest later. If climate is really heating up, the grape harvest should be getting earlier. And what did they find? This:** > **I can also estimate the trend with a smoothing function, and regular readers know I’m fond of the lowess smooth (but different methods give essentially the same result):** > **It fluctuated before 1978 — real data does that — but since 1978 it has been declining precipitously [by about half a day a year]._This is not natural. It’s because of man-made climate change._**** > **** > ****We can get an “image” of how this indicates temperature has changed throughout the years, simply by turning the graph upside down:** > **That is one steep rise since 1978. Just as obvious as the recent steep rise, is the _lack_ of such things in the previous 600 years. _This is not natural_. It’s man-made climate change. Does the shape of this graph remind you of anything? Maybe … something like … a hockey stick?**** > **** > ****Whenever new evidence of climate change emerges, climate deniers try to dispute it by any means necessary. They especially hate anything that looks like a hockey stick because it shows so clearly how what’s happening today is not like what we’ve seen before. It’s not natural. Perhaps they’ll claim that French wine-grapes are communists who want to destroy our freedom and impose world government.**
volewica.blogspot.com
Reposted by Fight the Right
briankrebs.infosec.exchange.ap.brid.gy
RE: exchange/@vxdb/115338982793901975" class="hover:underline text-blue-600 dark:text-sky-400" target="_blank" rel="noopener">https://infosec.exchange/@vxdb/115338982793901975

I've been trying to get the cybercrime journalist @vxdb to abandon their seat at the Nazi Bar, or at least to also post here. So please join me in giving them a follow and a friendly hello.
infosec.exchange
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pepperthevixen.meow.social.ap.brid.gy
Hey there! I'm one of the blind folks who read alt text on here. I'd like to say thank you for adding that so that I can also enjoy images of cartoon animals. A little effort from you means a world of difference for people like me
#accessibility #alttext #blind
nigel-purchase.mstdn.social.ap.brid.gy
Politicians favouring fossil fuels are idiots

https://volewica.blogspot.com/2025/10/politicians-favouring-fossil-fuels-are.html

#ClimateChange
Politicians favouring fossil fuels are idiots
From Professor Ray Wills: > **Only excuse for politicians who** > > * **continue subsidies on costly fossil fuels** > * **think nuclear power is cheap** > * **claim clean energy is expensive** > * **want to end decarbonisation?** > > > **Idiots** > > **Only idiots ignore the data** > > **My model projections from 2018, and updated 2025:** Prof Will wasn't 100% correct in his forecasts back in 2018 (nearly 8 years ago). Other the other hand, he was among the least wrong. The IEA (International Energy Agency), for example, consistently, year after year, underestimated the growth in renewables, and overestimated the growth in demand for fossil fuels. I myself thought that emissions from coal peaked in 2018, and instead there was a surge in electricity generation from coal in China. You can read about my latest forecast that emissions have peaked, here. --- 2018 forecasts Wills sees oil peaking in 2027, and coal and gas peaking now. --- 2025 forecasts Note that the two charts below show primary energy consumption, which is much more than, say, electricity production, because three-quarters of the fuel burnt to generate electricity or to power an ICEV is wasted as heat. --- 2018 forecasts --- 2025 forecasts You'll notice that Wills doesn't think nuclear will grow: > **Most important reason nuclear isn't viable in one graph** > > **Apart from long build, it's expensive electricity, [and]if it's really hot, you need to turn them off** > > > Not to mention that all the lethal by-products. > **Global solar output overtook nuclear output 2025** > > **Global wind output will pass nuclear output early 2028** > > **Now here's where some peeps lose it and call me a loony:** > **[In] my model projection, renewable[s] will pass fossil fuel primary energy consumption in 2035** Does that mean that we will have halved emissions by then? No, because there is still growth in demand. But each year that the share of renewables rises means that demand growth will be increasingly supplied by renewables.
volewica.blogspot.com
nigel-purchase.mstdn.social.ap.brid.gy
Global upswing falters
The chart below shows the GDP-weighted average of the "Big 8" whole-economy PMI. This is a good guide to what's happening in the world economy, as the Big 8 (the USA, UK, China, Japan, Euro Zone, Brazil, India and Russia) make up ~70% of world GDP. After strengthening since April last year, the Big 8 PMI dipped in September, for the first time since April. The recovery which began in April was in response to the levelling off and then the decline in world Central Bank discount rates. Without Trump's tariff wars and the uncertainty induced by random, rapid policy changes, this recovery would, typically, be strengthening and accelerating. Instead, it's faltering. Yes, it's just one month. It _might_ reverse itself next month. And yes, China is strengthening, apparently. But Russia is in deep trouble, Brazil is sliding fast into recession, the UK is down for the second month, and the US is faltering. An October uptick is entirely possible. Yet, it is not terribly probable, and is likely to be followed (in my opinion) by another fall. We have two forces offsetting each other: the logical and normal upturn (with the usual lag) after interest rates start falling, and the slump caused by Trump's trade wars and resulting heightened uncertainty. Nothing about the Trump administration heightens confidence; everything suggests to business and consumers that spending delay would be prudent and wise. I think the fears about the consequences of Trump's policies are winning over the lagged response to interest rates. And of course, that is self-feeding. As economies slow, spending falls further, and the economy slows even more. Remember: everyone's spending is someone else's income. The traditional way to break that nexus is to cut interest rates and to increase government spending and cut taxes. Instead, Trump's tariffs have hit the US economy with a swingeing tax _increase_ and big _cuts to government spending_ , i.e., a significant fiscal _tightening_. And even if the Fed cuts the Fed Funds rate (and there is no guarantee that it will, as long as inflation is rising), the economy responds with a lag. It's very hard to see this ending well. --- Click on the chart to see a bigger and clearer image As a matter of interest, look what's happening in Brazil. Brazil's Central Bank raised interest rates. Trump hit them with a 50% tariff, and Argentina (a key trade partner) went into free-fall. Notice how deep the 2016 downturn was, when America "sneezed" and Brazil "caught a cold" (had a deep recession.)
volewica.blogspot.com
nigel-purchase.mstdn.social.ap.brid.gy
Valued at zero

https://volewica.blogspot.com/2018/05/valued-at-zero.html

#ClimateChange #climatecatastrophe
Valued at zero
> **For sandy coastlines, the rule of thumb is about one metre lost for each centimetre of sea level rise.** (From a news article about how some WA (West Australian) home owners face financial ruin as the sea level rises.) I've noticed at my local beach (Inverloch, in Victoria) that there is already serious coastal erosion, with dunes being washed away at their bases and whole beaches simply disappearing. This report is from the other end of Australia. And it's happening there too. > **Engineering consultants have warned residents in the coastal Shire of Gingin that governments could force them out when the sea renders their homes unsafe, and could well decide to provide no compensation for homes rendered worthless or taken by the sea. > > State policy dictates a controversial process of “managed retreat” for already-developed areas at risk of coastal erosion due to sea level rise. This means public infrastructure is gradually dismantled and moved behind hazard lines, and private properties are surrendered to the sea when utilities or access points are lost. > > Hard protections such as groynes and seawalls are considered a last resort. > > Coastal councils have been ordered to develop coastal hazard plans according to these policies, and the latest council to get one is the Shire of Gingin. > > Engineering firm Cardno’s draft plan depicts the threats Seabird, Lancelin and Ledge Point communities face, and people’s real prospect of being abandoned to deal with financial ruin. > > The shire, with just 1300-odd ratepayers across those areas, is unlikely to have the tens of millions required to buy back homes or build and maintain protective structures across all three towns. > > And governments are under no legal obligation to buy back land or compensate people if property is lost to the sea** [Read more here] The costs of global warming and climate change aren't in some dim and distant future. They are happening right now. And they will only get worse. --- Erosion at Grace Darling Park, Lancelin, late last winter. --- Erosion protection (sandbags) on Marmion Beach, West Coast Highway. Photo: David Prestipino. --- Lancelin after the last storm season. (Source of all pictures: The Age)
volewica.blogspot.com
Reposted by Fight the Right
radleybalko.bsky.social
Trump’s stupid tariffs killed the top market for U.S. soybean farmers (China). So he’s going to subsidize them. Meanwhile, his Argentina bailout subsidizes soybean farmers there who, thanks to his tariffs cutting out U.S. farmers, are now selling in China.

And that, friends, is the Art of the Deal!
Trump's Argentina bailout pits two competing MAGA factions against one another
President Donald Trump's attempt to give Argentina's fledgling economy financial assistance is creating a headache for him back in the U.S.
katv.com
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goss.c.im.ap.brid.gy
@Nigel_Purchase This is something that gets lost in the noise of MSM both siderism - his sloth and low intelligence
nigel-purchase.mstdn.social.ap.brid.gy
‘Baudin’s or bauxite?’: stark warning black cockatoo won’t survive mining expansion

BirdLife WA calls consequences of Alcoa’s proposals to clear 11,000ha of jarrah forest ‘irreversible and catastrophic’ for endangered bird […]
Original post on mstdn.social
mstdn.social
nigel-purchase.mstdn.social.ap.brid.gy
‘People are dying’: Belarusians warn Lukashenko’s crackdown is far from over

https://www.theguardian.com/world/2025/oct/04/people-are-really-dying-belarusians-warn-lukashenkos-crackdown-is-far-from-over

#tyranny #dictatorship #policestate #Belarus
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losttourist.social.chatty.monster.ap.brid.gy
@RunRichRun @Nigel_Purchase Here in the UK we don't have armed guards outside our synagogues because guns are effectively illegal.

Security is generally carried out by CST which is a community-led initiative. https://cst.org.uk/ So when you read in the news reports that "a security guard" was […]
Original post on social.chatty.monster
social.chatty.monster
Reposted by Fight the Right
rwg.aoir.social.ap.brid.gy
Hey! If you're new to the fediverse and curious about it, may I humbly suggest my new book, Move Slowly and Build Bridges?

https://moveslowlybuildbridges.com/

It offers a history of Mastodon and discusses the highs and lows of content moderation and governance on the fediverse. This is a […]
Original post on aoir.social
aoir.social
nigel-purchase.mstdn.social.ap.brid.gy
World growth should be picking up, but ....

https://volewica.blogspot.com/2025/10/world-growth-should-be-picking-up-but.html

#econmastodon #Economy #recovery #recession
World growth should be picking up, but ....
The chart below shows two different measures of average world Central Bank discount rates. The first is a GDP-weighted average covering the countries which together make up 83% of world GDP, the other shows the median discount rate (unweighted by GDP). Half (by number) of CB discount rates are below the median, and half above. CBs raised their discount rates when inflation rose during the rebound from the covid crash, and have been cutting them as inflation fell and economic growth stopped. Economies respond to falling (or rising) interest rates with a lag, which varies from cycle to cycle, and even from country to country, but which is something between 1 and 2 years, so we would expect world economic activity to be now accelerating. Trump's trade war has complicated this normal process, and though its effect will be mostly felt in the US, it will have some effect on global growth. The US is stagnating; in other countries on the whole, growth is picking up. However, it may be too early to see just how bad swingeing us tariffs, combined with a US recession, will be for US trade partners. If the effect is negative, you can expect CBs outside the US to cut rates faster, but the Fed may be unwilling to cut the Fed Funds rate as inflation accelerates. --- As usual, click on the chart to see a clearer image.
volewica.blogspot.com