Liars – The Burning Platform

It seems IKEA has decided to “voluntarily” recall 36 million of their shit particle board, slave labor produced products. All it took was the deaths of six innocent children and the government threatening legal action. Executives from IKEA should be prosecuted. They’ve known these products were defective since the early 1990s. I was in the corporate office in the early 1990s when the first child was killed when one of their cheap shabbily made drawers fell on the child. My boss, Mike McDonald, was the CFO and negotiated the payout to the family.

When the top drawers of these crap units are pulled out, the drawer unit falls over. IKEA then started giving out straps to secure the units to the wall, rather than fix the defect. Profits matter more to this “social responsible” company than the lives of children. They’ve been caught using child labor in India to make their rugs. They push the limits of tax laws to avoid taxes. Their products had formaldehyde in them until they were forced to stop.

They still deny responsibility for killing these kids. What a great company.

IKEA recalls 36 million chests and dressers after six deaths

Swedish furniture company IKEA Group [IKEA.UL] is recalling almost 36 million chests and dressers in the United States and Canada but said the products linked to the deaths of six children are safe when anchored to walls as instructed.

The recall covers six models of MALM chests or dressers manufactured from 2002 to 2016 and about 100 other families of chests or dressers that the U.S. Consumer Product Safety Commission said could topple over if not anchored securely to walls, posing a threat to children.

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18 spectacularly wrong apocalyptic predictions made around the time of the first Earth Day in 1970, expect more this year

Guest Post by Mark Perry

Carpe Diem

In the May 2000 issue of Reason Magazine, award-winning science correspondent Ronald Bailey wrote an excellent article titled “Earth Day, Then and Now” to provide some historical perspective on the 30th anniversary of Earth Day. In that article, Bailey noted that around the time of the first Earth Day, and in the years following, there was a “torrent of apocalyptic predictions” and many of those predictions were featured in his Reason article. Well, it’s now the 45th anniversary of Earth Day, and a good time to ask the question again that Bailey asked 15 years ago: How accurate were the predictions made around the time of the first Earth Day in 1970? The answer: “The prophets of doom were not simply wrong, but spectacularly wrong,” according to Bailey. Here are 18 examples of the spectacularly wrong predictions made around 1970 when the “green holy day” (aka Earth Day) started:

1. Harvard biologist George Wald estimated that “civilization will end within 15 or 30 years unless immediate action is taken against problems facing mankind.”

2. “We are in an environmental crisis which threatens the survival of this nation, and of the world as a suitable place of human habitation,” wrote Washington University biologist Barry Commoner in the Earth Day issue of the scholarly journal Environment.

3. The day after the first Earth Day, the New York Times editorial page warned, “Man must stop pollution and conserve his resources, not merely to enhance existence but to save the race from intolerable deterioration and possible extinction.”

4. “Population will inevitably and completely outstrip whatever small increases in food supplies we make,” Paul Ehrlich confidently declared in the April 1970 Mademoiselle. “The death rate will increase until at least 100-200 million people per year will be starving to death during the next ten years.”

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TRUST WALL STREET & THEIR MSM LACKEYS THIS TIME

The stock market topped out in January 2000 and proceeded to fall 40% over the next 32 months. Here is what the “experts” had to say at the time. You could fast forward to 2007 and the same idiots were saying the same things, before the market proceeded to drop 50%. Turn on CNBC today and many of these same shills are mouthing the same gibberish. At least they are consistent assholes.

March 1999: Harry S. Dent, author of “The Roaring 2000s.” “There has been a paradigm shift.” Poor Harry, the New Economy arrived, so did a long recession.

August 1999: Charles Kadlec, author, “Dow 100,000.” “The DJIA will reach 100,000 in 2020 after “two decades of above-average economic growth with price stability.”

October 1999: James Glassman, author, “Dow 36,000.” “What is dangerous is for Americans not to be in the market. We’re going to reach a point where stocks are correctly priced … it’s not a bubble … The stock market is undervalued.”

December 1999: Joseph Battipaglia, market analyst. “Some fear a burst Internet bubble, but our analysis shows that Internet companies … carry expected long-term growth rates twice other rapidly growing segments within tech.”

December 1999: Larry Wachtel, Prudential. “Most of these stocks are reasonably priced. There’s no reason for them to correct violently in the year 2000.” Nasdaq lost over 50%.

December 1999: Ralph Acampora, Prudential Securities. “I’m not saying this is a straight line up. … I’m saying any kind of declines, buy them!”

February 2000: Larry Kudlow, CNBC host. “This correction will run its course until the middle of the year. Then things will pick up again, because not even Greenspan can stop the Internet economy.”

April 2000: Myron Kandel, CNN. “The bottom line is in, before the end of the year, the Nasdaq and Dow will be at new record highs.”

September 2000: Jim Cramer, host of “Mad Money” on CNBC. Sun Microsystems “has the best near-term outlook of any company I know.” It dropped from $60 to below $3 in two years.

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What Do We Call Media Fraudsters And Hucksters?

Guest Post by Karl Denniger

Time to increase my long pitchforks, torches, lamposts and boiled rope trade, I suspect.

The words are hurled around like epithets.

People who reject the findings of climate science are dismissed as “deniers” and “disinformers.” Those who accept the science are attacked as “alarmists” or “warmistas. ” The latter term, evoking the Sandinista revolutionaries of Nicaragua, is perhaps meant to suggest that the science is part of some socialist plot.

In the long-running political battles over climate change, the fight about what to call the various factions has been going on for a long time. Recently, though, the issue has taken a new turn, with a public appeal that has garnered 22,000 signatures and counting.

The petition asks the news media to abandon the most frequently used term for people who question climate science, “skeptic,” and call them “climate deniers” instead.

Yes, and the so-called “climate denier” label is intended to evoke The Holocaust, which is an outrageous and intentional appeal to a factually-known act of mass-murder that left a few million skeletons behind as evidence.

The problem with so-called “climate science” is that it’s not science at all; it’s hucksterism and fraud. Let’s look at a few (and only a few!) of the problems that the so-called “climate change” people peddle.

1. It was called “global warming”, but when the warming stopped and failed to verify against the claims of their computer models for 15 years running they changed their name. That’s fraud.

2. Only something like 3% of the surface of the earth has a temperature probe covering a place in the immediate vicinity. That’s a lack of data.

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