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90 seconds at 9am: Early Christmas sales buoyant; Copenhagen fails; Avatar a hit

Posted in News

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.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

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.

It's the speed that impresses. In 2008, carbon trading worldwide reached $128 billion. That's why Morgan Stanley and Citigroup are hot for emissions schemes. According to the writer Jo Nova, carbon is on course to become the largest traded commodity"”bigger than oil or gas. As she says, it's the subprime mortgage of the commodities market. Like Al Gore, the world's first carbon billionaire, it's testament mainly to a kind of globalized gullibility. In the blink of an eye, the "settled science" of a small number of ideologues was propelled upwards into a "peer-reviewed" "consensus" and then an international fait accompli.

http://nominister.blogspot.com/2009/12/steyn-at-his-best.html

"Take Mahmoud Ahmadinejad and the Prince of Wales. One's a millenarian apocalyptic loon, and the other's president of Iran. On balance, widening the streets of Tehran for the imminent return of the Twelfth Imam seems marginally less deranged than insisting the planet is doomed in 96 months unless humanity abandons the evils of capitalism and "the age of convenience." (This from a man who has never drawn his own curtains.)"

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

Is the European police state going global?

From The Viscount Monckton of Brenchley in Copenhagen

Today the gloves came off and the true purpose of the "global warming" scare became nakedly visible. Ugo Chavez, the Socialist president of Venezuela, blamed "global warming" on capitalism "“ and received a standing ovation from very nearly all of the delegates, lamentably including those from those of the capitalist nations of the West that are on the far Left "“ and that means too many of them.

Previously Robert Mugabe, dictator of Rhodesia, who had refused to leave office when he had been soundly defeated in a recent election, had also won plaudits at the conference for saying that the West ought to pay him plenty of money in reparation of our supposed "climate debt".

Inside the conference center, "world leader" after "world leader" got up and postured about the need to Save The Planet, the imperative to do a deal, the necessity to save the small island nations from drowning, etc., etc., etc.

Outside, in the real world, it was snowing, and a foretaste of the Brave New World being cooked up by "world leaders" in their fantasy-land was already evident. Some 20,000 observers from non-governmental organizations "“ nearly all of them true-believing Green groups funded by taxpayers "“ had been accredited to the conference. ... However, the Danish police were far too free with their hands when pushing us around, and that is not acceptable in a free society. But then, Europe is no longer a free society. It is, in effect, a tyranny ruled by the unelected Kommissars of the European Union. That is perhaps one reason why police forces throughout Europe, including that in the UK, have become far more brutal than was once acceptable in their treatment of the citizens they are sworn to serve.

It is exactly this species of tyranny that the UN would like to impose upon the entire planet, in the name of saving us from ourselves "“ or, as Ugo Chavez would put it, saving us from Western capitalist democracy.

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...

Quote from page 2:

... because after 1960 the tree rings show no express elevator up the thermometer, but in fact a decline. That's the "decline" that Dr. Phil Jones, in his leaked email, is trying to "hide." Because, if you don't hide it, a basic truth emerges"”that the Medieval Warm Period was warmer than today, and the planet managed to survive and indeed prosper during it. It took two dogged Canadians, Steve McIntyre and Ross McKitrick, to demolish the hockey-stick fraud, and the enraged priests of the Settled Science cult have spent the years since 2006 trying to stick it back together. Dr. Keith Briffa had a crack in 2007 for the IPCC report. As usual, the CRU refused, in defiance of basic scientific etiquette, to reveal its raw data, but eventually the Royal Society ordered them to. And, when they did, it emerged that Dr. Briffa had cherry-picked a few trees from the Yamal peninsula in Siberia to obtain the desired result.