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90 seconds at 9am: Early Christmas sales buoyant; Copenhagen fails; Avatar a hit
Bernard Hickey details the key news over the weekend in 90 seconds at 9am, including news EFTPOS provider Paymark has reported sales are up 6.7% early in the Christmas shopping season.
Retailers report a slightly better feel going into Christmas, but the mood is not nearly as strong as it was in the boom years of 2004, 2005 and 2006. Employment is still weak, although better than expected. Shoppers are being more careful this year.
Meanwhile, the Copenhagen climate change conference has broken up without a binding agreement after weeks of discussions and thousands of plane trips belching out greenhouse gas emissions.
In the US, 7 more banks failed over the weekend, involving US$14.4 bln of assets and bringing the total of failed banks to 140 in the last couple of years
Finally, the Wellywood-produced Avatar is a hit with US$73 million of sales on its first weekend, a record for a 3D film.
11 Comments
"Small countries like Bolivia and
"Small countries like Bolivia and Sudan can jump up and down and stamp their feet but they are irrelevant when it comes to solving the challenge of climate change."
PM: Climate accord process must change
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10616714&p...
So maybe time for us to get real and stop wasting our time, TAXES and throttling our economy with so much jumping up and down and stamping our feet.
A little Christmas treat Hanoverians
A little Christmas treat Hanoverians should give Happy Hotchins and Eric the Eel : " Avatar & Feather ." Allied Farmers shareholders can bring the pitchforks and burning effigies , for the piece de la resistence . Some yuletide warmth won't go astray !
If unlimited growth was possible
If unlimited growth was possible - Gareth Morgan and other physics deniers take note - there wouldn't be a problem.
The 'jumping up and down' is merely the visual face of those limits. Not enough to go round anymore.
What is most interesting, is that all the developed countries (including NZ) were worried about their fiscal advantage/disadvantage. The Greenland Norse dies with all their coin (none of it fiat) in hand. Meaning we are slow learners.
My new-year's resolution is to take Morgan, you Bernard, Cunliffe, English et all, on re limits to growth, exponential impact, and the downstream effects.
Bah humbug :)
Chill pdk, I feel your
Chill pdk, I feel your angst, but i've come to the conclusion that rabid deniers would rather believe in anything (conspiracy, flakey justification, the tooth fairy etc) rather than the reality that is staring them in the face.
Take Hugh Pavelvich for example, It does not surprise me that someone who thinks we can develop houses like Houston would also think GCC is a conspiracy
So do what you can, be true unto yourself and have a Merry Christmass
Neven
Copenhagen accord keeps Big Carbon
Copenhagen accord keeps Big Carbon in business
"The only tree they were concerned with hugging was the money tree"
http://www.telegraph.co.uk/comment/columnists/christopherbooker/6845686/...
<blockquote>It’s the speed that impresses.
http://nominister.blogspot.com/2009/12/steyn-at-his-best.html
http://nominister.blogspot.com/2009/12/steyn-at-his-best.html
Hattip http://twitter.com/Peter_Cresswell <blockquote>Is the Eur
Hattip http://twitter.com/Peter_Cresswell
From: http://sppiblog.org/news/is-the-european-police-state-going-global
Environmentalism is the new Communism. The final death throes of freedom are here ...
Coldest temperatures on the East Coast of North America since records begun, deepest snow falls since the 1940's. Europe frozen under a blanket of snow, for the first time, the severe cold has stopped the Chunnel from operating for three days now.
Global warming: yeah right.
Hang on a bit mate.....""The
Hang on a bit mate.....""The propensity towards paying for things electronically continues, as is evidenced by it taking us just 14 months to move from 7 billion to 8 billion - whereas the first billion took ten years!," Simon Tong (paymark)....is the increase reported not just related to a move away from cash....and therefore not to be read as an overall gain in the xmas period splurge...????
Powerdoom, do we spot the
Powerdoom, do we spot the Inner Totalitarian peaking through?
Ha! my bad. Freudian slip? Peeking through 'swhat I meant to type.
<b>Bernard</b> : If I print
Bernard : If I print up a glossy prospectous , promising to mine the elusive " Unobtainium " ( key to solving planet earth's energy crisis ) , what % of respondents , sending their life-savings ( or what remains of it ) would be Hanoverians ?
And were these the same people who turned up for Telecom phone-card seminars / gave their bank account details over the internet to nice guys in Nigeria / poured millions into ferret farms / sent money to the Canadian sweepstakes / believed in Winston Peters.............Hmmmmmm , maybe I was overly generous , offering small bags of yummy gummies for their Allied stock ?
Records fall as snow blankets
Records fall as snow blankets the East Coast ...
http://www.nytimes.com/2009/12/21/us/21snow.html?_r=1&src=twt&twt=nytimes
Cold is warm - global warming. Yeah right.
We've got to dump our ETS before a single one of us pays more for power, for fuel, for every damned thing, from next July. It's insanity.
Must read article - http://www2.macleans.ca/2009/12/17/the-emperor%E2%80%99s-new-carbon-cred...
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