Sent to Gabriel Herrero's blog in the federally owned Spanish radio and TV company, RTVE, as comment to this post:
Respecto a "Fiel a los últimos ocho años, Paulson no da explicaciones sobre su estrategia, no responde las preguntas y no lleva siquiera claras las cuentas", indudablemente siempre se puede hacer mejor. Sin embargo, los comités del Congreso, celosos de sus poderes y preocupados sinceramente por sus deberes con los ciudadanos, pueden ser y son con frequencia un poquito dramáticos con sus explicaciones y sus informes. Vean discursos, minutas de reuniones, informes periódicos o irregulares, etc., enviados por el departamento [de Mr Paulson] al Congreso:
1 Explicaciones de Treasury Dept. en forma de press releases & statements (formato de fecha: mes/día/año):
01/06/2009 Treasury Releases Congressional Report on EESA
01/02/2009 Treasury Releases Guidelines for Targeted Investment Program
01/02/2009 Treasury Releases Emergency Economic Stabilization Report
12/31/2008 Treasury Releases Responses to Congressional Oversight Panel
12/29/2008 Treasury Announces TARP Investment in GMAC
12/23/2008 Treasury Provides TARP Funds to Local Banks
12/19/2008 Secretary Paulson’s Statement on Stabilizing the Auto Industry
12/19/2008 Treasury Term Sheets for Automotive Plan
12/17/2008 Treasury Hires Legal Firm Under the Emergency Economic Stabilization Act
12/10/2008 Interim Asst Sec Kashkari Testimony Before House Financial Services Committee
12/08/2008 Interim Asst Sec Kashkari Update on the TARP Program
12/05/2008 Interim Asst Sec Kashkari Remarks on Financial Markets and TARP Update
12/04/2008 Kashkari Testimony Before Senate Appropriations Financial Services Subcommittee
12/01/2008 Paulson Remarks on the U.S. Economy and Financial System
11/25/2008 Secretary Paulson Remarks on Consumer ABS Lending Facility
11/25/2008 Treasury Provides TARP Funds to Federal Reserve Consumer ABS Lending Facility
11/23/2008 Joint Statement by Treasury, Fed and the FDIC on Citigroup
11/19/2008/ Interim Assistant Secretary Kashkari Remarks on Implementation of the EESA
11/18/2008 Paulson Testimony before the House Committee on Financial Services
11/17/2008 Treasury Releases Capital Purchase Program Term Sheet for Privately Held Financial Institutions
11/14/2008 Interim Asst Sec Kashkari Testimony Before House Committee on Oversight and Govt. Reform
11/12/2008 Paulson Remarks on Financial Rescue Package and Economic Update
11/10/2008 Interim Asst Sec Kashkari Remarks at SIFMA Summit on the TARP 11/10/2008 Treasury to Invest in AIG Restructuring 11/07/2008 Treasury Announces Solicitation for Financial Agents
11/03/2008 Treasury Hires Legal Firms Under the Emergency Economic Stabilization Act 10/28/2008 Acting Under Sec Ryan Remarks at the SIFMA Annual Meeting
10/23/2008 Interim Asst Sec Kashkari Testimony Before Senate Banking Committee
10/22/2008 Treasury Names Interim Chief Investment Officer for TARP 10/21/2008 Treasury Hires Accounting Firms Under the Emergency Economic Stabilization Act
10/20/2008 Paulson Statement on Capital Purchase Program10/20/2008 Treasury Issues Guidance on Capital Purchase Program
10/16/2008 Treasury Hires Legal Adviser Under the Emergency Economic Stabilization Act10/14/2008 U.S. Government Actions to Strengthen Market Stability 10/14/2008 Treasury Announces Executive Compensation Rules Under the EESA
10/14/2008 Treasury Announces TARP Capital Purchase Program Description
10/14/2008 Joint Statement by Treasury, Federal Reserve and FDIC
10/14/2008 Paulson Statement on Actions to Protect the U.S. Economy
10/14/2008 Treasury Hires Custodian Under the Emergency Economic Stabilization Act
10/13/2008 Treasury Hires Investment Adviser Under the Emergency Economic Stabilization Act
10/13/2008 Interim Asst Sec Kashkari Remarks on Implementation of Economic Stabilization Act
10/06/2008 Treasury Announces Solicitations for Financial Agents
10/06/2008 Kashkari Appointed Interim Assistant Secretary for Financial Stability 10/06/2008 Procurement Authorities and Procedures
10/06/2008 Statement by the President’s Working Group on Financial Markets
10/03/2008 Paulson Statement on Bill Passage
09/29/2008 Paulson Statement on Emergency Economic Stabilization Act Vote
09/28/2008 Paulson Statement on Emergency Economic Stabilization Act
09/24/2008 Paulson Testimony before the House
09/23/2008 Paulson Testimony before the Senate
09/22/2008 G7 Statement on Global Financial Market Turmoil
09/19/2008 Statement on Comprehensive Approach to Market Developments
2 Informes enviados al Congreso sobre transacciones del programa conocido como TARP (mes/día/año, PDFs):
01/06/2009
01/05/2009
12/31/2008
12/29/2008
12/23/2008
12/16/2008
12/09/2008
11/26/2008
11/25/2008
11/17/2008
10/29/2008
3 Los llamados tranche reports (mes/día/año, PDFs):
1/8/2009 Tranche Report
12/02/2008 Tranche Report
11/21/2008 Tranche Report
11/03/3008 Tranche Report
4 Explicaciones sobre los programas generados a partir de la legislación EESA (PDFs):
. Capital Purchase Program
. Systemically Significant Failing Institutions Program
. Automotive Industry Financing Program
. Targeted Investment Program
5 Report to Congress Pursuant to Section 102 of the EES Act: Dec 31, 2008, PDF
6 Reports to Congress Pursuant to Section 105 of the EES Act, PDFs:
Jan 06, 2009Dec 05, 2008
7 Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks at Brookings Institution, Jan 08, 2009:http://bipartisanalliance.blogspot.com/2009/01/interim-assistant-secretary-for.html
8 Remarks by Treasury Secretary Henry M. Paulson, Jr. on The Role of the GSEs in Supporting the Housing Recovery before the Economic Club of Washington, Treasury Dept, January 7, 2009:http://bipartisanalliance.blogspot.com/2009/01/sec-paulson-on-role-of-gses-in.html
9 Minutas de reuniones: Financial Stability Oversight Board (mes/día/año):
10/07/2008
10/13/2008
10/22/2008
11/09/2008
12/10/2008
Todos estos documentos se pueden pedir al servicio de prensa de la embajada más cercana. Si quieren nos los pueden pedir a nosotros.
Para estar al tanto de los nuevos documentos que se produzcan, pueden suscribirse a un servicio de envío por e-mail del propio Treasury Dept.: https://service.govdelivery.com/service/subscribe.html?code=USTREAS_145
Atentamente,
Jorge Mata
Bipartisan Alliance
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From time to time, Russian media run stories like this:
ReplyDeleteEarth on the Brink of an Ice Age, by
Gregory F. Fegel
Pravda, Jan 11, 2009
http://english.pravda.ru/science/earth/106922-1/
The earth is now on the brink of entering another Ice Age, according to a large and compelling body of evidence from within the field of climate science. Many sources of data which provide our knowledge base of long-term climate change indicate that the warm, twelve thousand year-long Holocene period will rather soon be coming to an end, and then the earth will return to Ice Age conditions for the next 100,000 years.
Ice cores, ocean sediment cores, the geologic record, and studies of ancient plant and animal populations all demonstrate a regular cyclic pattern of Ice Age glacial maximums which each last about 100,000 years, separated by intervening warm interglacials, each lasting about 12,000 years.
Most of the long-term climate data collected from various sources also shows a strong correlation with the three astronomical cycles which are together known as the Milankovich cycles. The three Milankovich cycles include the tilt of the earth, which varies over a 41,000 year period; the shape of the earth’s orbit, which changes over a period of 100,000 years; and the Precession of the Equinoxes, also known as the earth’s ‘wobble’, which gradually rotates the direction of the earth’s axis over a period of 26,000 years. According to the Milankovich theory of Ice Age causation, these three astronomical cycles, each of which effects the amount of solar radiation which reaches the earth, act together to produce the cycle of cold Ice Age maximums and warm interglacials.
Elements of the astronomical theory of Ice Age causation were first presented by the French mathematician Joseph Adhemar in 1842, it was developed further by the English prodigy Joseph Croll in 1875, and the theory was established in its present form by the Serbian mathematician Milutin Milankovich in the 1920s and 30s. In 1976 the prestigious journal “Science” published a landmark paper by John Imbrie, James Hays, and Nicholas Shackleton entitled “Variations in the Earth's orbit: Pacemaker of the Ice Ages,” which described the correlation which the trio of scientist/authors had found between the climate data obtained from ocean sediment cores and the patterns of the astronomical Milankovich cycles. Since the late 1970s, the Milankovich theory has remained the predominant theory to account for Ice Age causation among climate scientists, and hence the Milankovich theory is always described in textbooks of climatology and in encyclopaedia articles about the Ice Ages.
In their 1976 paper Imbrie, Hays, and Shackleton wrote that their own climate forecasts, which were based on sea-sediment cores and the Milankovich cycles, "… must be qualified in two ways. First, they apply only to the natural component of future climatic trends - and not to anthropogenic effects such as those due to the burning of fossil fuels. Second, they describe only the long-term trends, because they are linked to orbital variations with periods of 20,000 years and longer. Climatic oscillations at higher frequencies are not predicted... the results indicate that the long-term trend over the next 20,000 years is towards extensive Northern Hemisphere glaciation and cooler climate."
During the 1970s the famous American astronomer Carl Sagan and other scientists began promoting the theory that ‘greenhouse gasses’ such as carbon dioxide, or CO2, produced by human industries could lead to catastrophic global warming. Since the 1970s the theory of ‘anthropogenic global warming’ (AGW) has gradually become accepted as fact by most of the academic establishment, and their acceptance of AGW has inspired a global movement to encourage governments to make pivotal changes to prevent the worsening of AGW.
The central piece of evidence that is cited in support of the AGW theory is the famous ‘hockey stick’ graph which was presented by Al Gore in his 2006 film “An Inconvenient Truth.” The ‘hockey stick’ graph shows an acute upward spike in global temperatures which began during the 1970s and continued through the winter of 2006/07. However, this warming trend was interrupted when the winter of 2007/8 delivered the deepest snow cover to the Northern Hemisphere since 1966 and the coldest temperatures since 2001. It now appears that the current Northern Hemisphere winter of 2008/09 will probably equal or surpass the winter of 2007/08 for both snow depth and cold temperatures.
The main flaw in the AGW theory is that its proponents focus on evidence from only the past one thousand years at most, while ignoring the evidence from the past million years -- evidence which is essential for a true understanding of climatology. The data from paleoclimatology provides us with an alternative and more credible explanation for the recent global temperature spike, based on the natural cycle of Ice Age maximums and interglacials.
In 1999 the British journal “Nature” published the results of data derived from glacial ice cores collected at the Russia ’s Vostok station in Antarctica during the 1990s. The Vostok ice core data includes a record of global atmospheric temperatures, atmospheric CO2 and other greenhouse gases, and airborne particulates starting from 420,000 years ago and continuing through history up to our present time.
The graph of the Vostok ice core data shows that the Ice Age maximums and the warm interglacials occur within a regular cyclic pattern, the graph-line of which is similar to the rhythm of a heartbeat on an electrocardiogram tracing. The Vostok data graph also shows that changes in global CO2 levels lag behind global temperature changes by about eight hundred years. What that indicates is that global temperatures precede or cause global CO2 changes, and not the reverse. In other words, increasing atmospheric CO2 is not causing global temperature to rise; instead the natural cyclic increase in global temperature is causing global CO2 to rise.
The reason that global CO2 levels rise and fall in response to the global temperature is because cold water is capable of retaining more CO2 than warm water. That is why carbonated beverages loose their carbonation, or CO2, when stored in a warm environment. We store our carbonated soft drinks, wine, and beer in a cool place to prevent them from loosing their ‘fizz’, which is a feature of their carbonation, or CO2 content. The earth is currently warming as a result of the natural Ice Age cycle, and as the oceans get warmer, they release increasing amounts of CO2 into the atmosphere.
Because the release of CO2 by the warming oceans lags behind the changes in the earth’s temperature, we should expect to see global CO2 levels continue to rise for another eight hundred years after the end of the earth’s current Interglacial warm period. We should already be eight hundred years into the coming Ice Age before global CO2 levels begin to drop in response to the increased chilling of the world’s oceans.
The Vostok ice core data graph reveals that global CO2 levels regularly rose and fell in a direct response to the natural cycle of Ice Age minimums and maximums during the past four hundred and twenty thousand years. Within that natural cycle, about every 110,000 years global temperatures, followed by global CO2 levels, have peaked at approximately the same levels which they are at today.
About 325,000 years ago, at the peak of a warm interglacial, global temperature and CO2 levels were higher than they are today. Today we are again at the peak, and near to the end, of a warm interglacial, and the earth is now due to enter the next Ice Age. If we are lucky, we may have a few years to prepare for it. The Ice Age will return, as it always has, in its regular and natural cycle, with or without any influence from the effects of AGW.
The AGW theory is based on data that is drawn from a ridiculously narrow span of time and it demonstrates a wanton disregard for the ‘big picture’ of long-term climate change. The data from paleoclimatology, including ice cores, sea sediments, geology, paleobotany and zoology, indicate that we are on the verge of entering another Ice Age, and the data also shows that severe and lasting climate change can occur within only a few years. While concern over the dubious threat of Anthropogenic Global Warming continues to distract the attention of people throughout the world, the very real threat of the approaching and inevitable Ice Age, which will render large parts of the Northern Hemisphere uninhabitable, is being foolishly ignored.