Author: admin

  • Higher Aussie bids for Cubbie knocked back

    Higher Aussie bids for Cubbie knocked back

    By economics correspondent Stephen Long, ABCUpdated September 18, 2012, 10:37 pm

    It has been revealed that at least a dozen Australian bidders expressed interest in buying Queensland’s Cubbie Station but were rejected.

    The property is Australia’s largest cotton farm and the biggest irrigation operation in the southern hemisphere.

    Last month the Federal Government approved the sale of Cubbie Group to Chinese-led investors on the advice of the Foreign Investment Review Board.

    PM has now been told that since the sale was approved, at least a dozen parties have come forward with rival offers.

    Some of those were local businesses offering more money, but PM has been told those bids were rejected by the station’s administrator.

    Lawyer James Loell, who represents an Australian investor who wanted to buy Cubbie Station, has told PM about a conversation he had with Lachlan Edwards of Goldman Sachs, who is negotiating the sale for the administrator.

    “Lachlan Edwards rang me and I stated my business, told him I had a purchaser, a client who was extremely interested in purchasing Cubbie Station,” he said.

    “His words to me were to the effect that it was too late, they were in the final stages of negotiating a deal with the same parties that the Treasurer had recently announced, he’d given FIRB approval to.

    “I said are you sure it’s too late, and he said look, this has been going on for a long time.

    “We’ve got to take the bird in the hand and they are the bird in the hand.”

    Mr Loell says Mr Edwards told him he had had at least 12 approaches from different parties with similar interests.

    “I wouldn’t use the word necessarily ‘bids’, but parties similar to my client with an interest in owning the property. At least a dozen of them had approached him,” he said.

    ‘Bloody disgrace’

    Three years ago, Cubbie Station was placed in administration with debts of around $300 million.

    If the Cubbie Station sale goes ahead, the 93,000-hectare property will initially be 80 per cent owned by RuYi, a textile manufacturer owned by a consortium of Chinese and Japanese investors.

    As part of the sale conditions, the company will sell down its stake to 51 per cent within three years.

    Queensland National Party senator Barnaby Joyce has branded the decision to sell Cubbie Station to foreign investors “a bloody disgrace”.

    He is calling on the administrators to re-open the sale’s process.

    “The administrators’ role is to make sure that they do the best job for the National Australia Bank, and the National Australia Bank’s role is to make sure they get the best return back for their shareholders,” he said.

    “And you can only get the best return if you’re absolutely certain there wasn’t a better return out there in the marketplace.

    “Now, if there are another 12 bids, there are 12 things that is encumbered upon both the receivers and the National Australia Bank to properly investigate.”

    Critics

    Critics have labelled Senator Joyce’s stance xenophobic, but he denies there are racist undertones to his position.

    “I completely and utterly reject that. It is always so easy to basically impute a character with a taunt of a xenophobe. It stands in proxy for a dedicated and discerning argument,” he said.

    Cubbie’s administrator, John Cronin of McGrathNichol, did not return return the ABC’s calls.

    A spokesman from a public relations firm hired by the administrator said the sales process was not yet finalised.

    But he would not comment on whether rival parties offering more money had now come forward.

    There is a case to say that ditching the Chinese-led consortium’s bid now could undermine Australia’s reputation as a country open to foreign investment.

    But there is also little doubt that many would like to see Cubbie Station, and its vast water resources, remain in Australian hands.

  • When it rains, it pours: Intensification of extreme tropical rainfall with global warming modeled

     

    When it rains, it pours: Intensification of extreme tropical rainfall with global warming modeled

    Posted: 17 Sep 2012 09:42 AM PDT

    Global warming is expected to intensify extreme precipitation, but the rate at which it does so in the tropics has remained unclear. Now a new study has given an estimate based on model simulations and observations.
    You are subscribed to email updates from ScienceDaily: Severe Weather News
    To stop receiving these emails, you may unsubscribe now.
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    Google Inc., 20 West Kinzie, Chicago IL USA 60610

     

     

    When it rains, it pours: Intensification of extreme tropical rainfall with global warming modeled

    Posted: 17 Sep 2012 09:42 AM PDT

    Global warming is expected to intensify extreme precipitation, but the rate at which it does so in the tropics has remained unclear. Now a new study has given an estimate based on model simulations and observations.
    You are subscribed to email updates from ScienceDaily: Severe Weather News
    To stop receiving these emails, you may unsubscribe now.
    Email delivery powered by Google
    Google Inc., 20 West Kinzie, Chicago IL USA 60610

    Posted: 17 Sep 2012 09:42 AM PDT

    Global warming is expected to intensify extreme precipitation, but the rate at which it does so in the tropics has remained unclear. Now a new study has given an estimate based on model simulations and observations.
    You are subscribed to email updates from ScienceDaily: Severe Weather News
    To stop receiving these emails, you may unsubscribe now.
    Email delivery powered by Google
    Google Inc., 20 West Kinzie, Chicago IL USA 60610
  • 36% Of ‘Major’ Hotels At Risk From Sea Rise

    36% Of ‘Major’ Hotels At Risk From Sea Rise
    Bahamas Tribune
    More than one-third of “major” Bahamian hotels will be impacted by just a one metre sea level rise, with a regional study calling for “serious and urgent” action to address the likely climate change impacts on this nation. The study, published earlier
    See all stories on this topic »
    El Salvador in battle against tide of climate change
    The Independent
    A tiny rise in the sea level has, according to local people, seen about 1,000ft of the mangroves on which they depend vanish beneath the ocean since 2005. Another 1,500ft remains between the Pacific and their village, La Tirana. No one, it seems, knows
    See all stories on this topic »
    Future for coast?
    Auckland stuff.co.nz
    Sea levels are rising about 1.5mm higher each year and look likely to continue for the next few decades. But the speed of the rise will also gradually increase and by next century the Government is advising planners to look at 1cm increases a year
    See all stories on this topic »

    Auckland stuff.co.nz
    Construction of vast coastal reserve underway in Essex
    Wildlife Extra
    The RSPB’s Wallasea Island Wild Coast Project will create (148 hectares) of mudflats, acres (192 ha) of saltmarsh, acres (76 ha) of shallow saline lagoons and a second area of saltmarsh in anticipation of sea level rise. About eight miles of coastal
    See all stories on this topic »

    Wildlife Extra

     


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  • FOCUS ON…. ARCTIC BIG MELT

    FOCUS ON…. ARCTIC BIG MELT

    Arctic warning: As the system changes, we must adjust our science
    http://www.climatecodered.org/2012/09/as-arctic-system-changes-we-must-adjust.html
    David Spratt, ReNewEconomy, 12 September 2012
    The Arctic sea-ice big melt of 2012 “has taken us by surprise and we must adjust our understanding of the system and we must adjust our science and we must adjust our feelings for the nature around us”, according to Kim Holmen, Norwegian Polar Institute (NPI) international director.

    Ice loss shifts Arctic cycles
    http://www.nature.com/news/ice-loss-shifts-arctic-cycles-1.11387
    Quirin Schiermeier, Nature News, 12 September 2012
    Record shrinkage confounds models and portends atmospheric and ecological change.

    ‘Astonishing’ Ice Melt May Lead to More Extreme Winters
    http://www.climatecentral.org/news/astonishing-arctic-sea-ice-melt-may-lead-to-extreme-winter-weather-14989
    Climate Central, September 12, 2012
    The record loss of Arctic sea ice this summer will echo throughout the weather patterns affecting the U.S. and Europe this winter, climate scientists said on Wednesday, since added heat in the Arctic influences the jet stream and may make extreme weather and climate events more likely.
    AND
    Arctic sea ice melt ‘may bring harsh winter to Europe’
    http://www.guardian.co.uk/environment/2012/sep/14/arctic-sea-ice-harsh-winter-europe

    Arctic melt down: Scientists Speak Out (audio)
    http://www.ecoshock.info/2012/09/arctic-melt-down-scientists-speak-out.html

    EcoShock, 10 September 2012
    In 2012, the Arctic Sea Ice hit a stunning new record low. Rutgers scientist Jennifer Francis explains how this changes weather for billions of people in the Northern Hemisphere. Plus the Director of the Snow and Ice Data Center, Mark Serreze on record and what it means, and analysis from polar scientist Jennifer Bitz, U of Washington. In depth, direct from top scientists. Radio Ecoshock 120912 1 hour.

    The staggering decline of sea ice at the frontline of climate change
    http://www.guardian.co.uk/environment/2012/sep/14/decline-sea-ice-arctic
    John Vidal, Guardian, 14 September 2012
    Scientists on board Greenpeace’s vessel exploring the minimum extent of the ice cap are shocked at the speed of the melt.

    How Fast Can Ice Sheets Respond to Climate Change?
    http://www.sciencedaily.com/releases/2012/09/120913141136.htm
    Science Daily, Sept 13, 2012
    A new Arctic study in the journal Science is helping to unravel an important mystery surrounding climate change: How quickly glaciers can melt and grow in response to shifts in temperature.
    AND
    New Study Shows How Fast Ice Sheets Can Change
    http://www.climatecentral.org/news/new-study-shows-how-fast-ice-sheets-can-change-14996

    History of sea ice in the Arctic (pdf)
    http://bprc.osu.edu/geo/publications/polyak_etal_seaice_QSR_10.pdf
    Polyak, Alley et al, QSR29: 1757-1778 (2010)
    Although existing records are far from complete, they indicate that sea ice… consistently covered at least part of the Arctic Ocean for no less than the last 13–14 million years. Ice was apparently most wide-spread during the last 2–3 million years, in accordance with Earth’s overall cooler climate.

    Significant contribution to climate warming from the permafrost carbon feedback
    http://www.nature.com/ngeo/journal/vaop/ncurrent/full/ngeo1573.html
    Andrew H. MacDougall, Christopher A. Avis & Andrew J. WeaverNature Geoscience, 9 September 2012
    Permafrost soils contain an estimated 1,700 Pg of carbon, almost twice the present atmospheric carbon pool1. As permafrost soils thaw owing to climate warming, respiration of organic matter within these soils will transfer carbon to the atmosphere, potentially leading to a positive feedback.

    Limitations of a coupled regional climate model in the reproduction of the observed Arctic sea-ice retreat
    http://www.the-cryosphere.net/6/985/2012/tc-6-985-2012.html

  • FOCUS ON…. ARCTIC BIG MELT

    FOCUS ON…. ARCTIC BIG MELT

    Arctic warning: As the system changes, we must adjust our science
    http://www.climatecodered.org/2012/09/as-arctic-system-changes-we-must-adjust.html
    David Spratt, ReNewEconomy, 12 September 2012
    The Arctic sea-ice big melt of 2012 “has taken us by surprise and we must adjust our understanding of the system and we must adjust our science and we must adjust our feelings for the nature around us”, according to Kim Holmen, Norwegian Polar Institute (NPI) international director.

    Ice loss shifts Arctic cycles
    http://www.nature.com/news/ice-loss-shifts-arctic-cycles-1.11387
    Quirin Schiermeier, Nature News, 12 September 2012
    Record shrinkage confounds models and portends atmospheric and ecological change.

    ‘Astonishing’ Ice Melt May Lead to More Extreme Winters
    http://www.climatecentral.org/news/astonishing-arctic-sea-ice-melt-may-lead-to-extreme-winter-weather-14989
    Climate Central, September 12, 2012
    The record loss of Arctic sea ice this summer will echo throughout the weather patterns affecting the U.S. and Europe this winter, climate scientists said on Wednesday, since added heat in the Arctic influences the jet stream and may make extreme weather and climate events more likely.
    AND
    Arctic sea ice melt ‘may bring harsh winter to Europe’
    http://www.guardian.co.uk/environment/2012/sep/14/arctic-sea-ice-harsh-winter-europe

    Arctic melt down: Scientists Speak Out (audio)
    http://www.ecoshock.info/2012/09/arctic-melt-down-scientists-speak-out.html

    EcoShock, 10 September 2012
    In 2012, the Arctic Sea Ice hit a stunning new record low. Rutgers scientist Jennifer Francis explains how this changes weather for billions of people in the Northern Hemisphere. Plus the Director of the Snow and Ice Data Center, Mark Serreze on record and what it means, and analysis from polar scientist Jennifer Bitz, U of Washington. In depth, direct from top scientists. Radio Ecoshock 120912 1 hour.

    The staggering decline of sea ice at the frontline of climate change
    http://www.guardian.co.uk/environment/2012/sep/14/decline-sea-ice-arctic
    John Vidal, Guardian, 14 September 2012
    Scientists on board Greenpeace’s vessel exploring the minimum extent of the ice cap are shocked at the speed of the melt.

    How Fast Can Ice Sheets Respond to Climate Change?
    http://www.sciencedaily.com/releases/2012/09/120913141136.htm
    Science Daily, Sept 13, 2012
    A new Arctic study in the journal Science is helping to unravel an important mystery surrounding climate change: How quickly glaciers can melt and grow in response to shifts in temperature.
    AND
    New Study Shows How Fast Ice Sheets Can Change
    http://www.climatecentral.org/news/new-study-shows-how-fast-ice-sheets-can-change-14996

    History of sea ice in the Arctic (pdf)
    http://bprc.osu.edu/geo/publications/polyak_etal_seaice_QSR_10.pdf
    Polyak, Alley et al, QSR29: 1757-1778 (2010)
    Although existing records are far from complete, they indicate that sea ice… consistently covered at least part of the Arctic Ocean for no less than the last 13–14 million years. Ice was apparently most wide-spread during the last 2–3 million years, in accordance with Earth’s overall cooler climate.

    Significant contribution to climate warming from the permafrost carbon feedback
    http://www.nature.com/ngeo/journal/vaop/ncurrent/full/ngeo1573.html
    Andrew H. MacDougall, Christopher A. Avis & Andrew J. WeaverNature Geoscience, 9 September 2012
    Permafrost soils contain an estimated 1,700 Pg of carbon, almost twice the present atmospheric carbon pool1. As permafrost soils thaw owing to climate warming, respiration of organic matter within these soils will transfer carbon to the atmosphere, potentially leading to a positive feedback.

    Limitations of a coupled regional climate model in the reproduction of the observed Arctic sea-ice retreat
    http://www.the-cryosphere.net/6/985/2012/tc-6-985-2012.html

  • Nation needs a fusion of science and politics

    Nation needs a fusion of science and politics

    0

    THERE is nothing like looking at a galaxy billions of years old or the light from a star that has long ceased to exist as it destroyed itself in a supernova explosion to give you some perspective about your place in the universe.

    Since winning the Nobel Prize for physics I’ve been fortunate to travel the country sharing my passion for the mysteries and beauty of the universe with people from all walks of life.

    Last night I conducted one of my more unusual lectures when I invited our federal politicians on to the roof of Parliament House in Canberra for a bit of stargazing.

    We set up telescopes on the rooftop and took a tour of the planets, stars, nebulae and galaxies – the awe-inspiring objects that make up our universe.

    I talked our political leaders through some of the ideas that have helped build my career, such as what stuff really makes up our universe; what happened to the universe in the past; and what is going to happen in the future.

    We pondered the imponderable questions – “what happened before the Big Bang” and “if the universe is expanding, what is it expanding into?” We even considered life on other planets.

    But what’s really important in explaining my work is not what I think and what I know, it’s how I, and other scientists, think.

    Last night was a great opportunity for our leaders to leave the structure and constraints of politics and indulge their curiosity. It was a chance to move beyond Question Time, and to imagine, explore and play with ideas – to understand the process of discovery.

    You see, science is not about being 100 per cent right and showing other people are 100 per cent wrong – it’s about having ideas, putting them to the test and extending our collective understanding of our world. It’s our most powerful way of thinking, where the answers to questions are judged by the painstaking collection of evidence, not by our preconceptions and prejudices.

    Science and politics do not always have an easy partnership. Politicians talk in absolutes, they use their skills of communication for persuasion – they are often driven by ideology and the short-term imperatives of maintaining public support.

    Scientists are different beasts. We question everything, we never prove theories, we just attempt to disprove them until they exist beyond doubt, and even then waves of questioning continue.

    Our work is peer-reviewed, analysed, replicated and refined. It is no surprise that science is sometimes deemed ‘too hard’ for politics – it never gives black-and-white answers.

    So science is often sidelined as some abstract concept rather than an essential tool for making better decisions. You only have to look back at the climate debate to see these issues in action. Politicians and the public alike remain confused by the complex debate over the finer points of how we model the Earth’s climate.

    Despite the vast majority of experts endorsing the view that human activities are causing the Earth’s climate to change, there remain scientists who attack this prevailing view, and this will never change, no matter how strong the evidence is. Scientists are trained to challenge everything.

    But this does not mean we know nothing, and we cannot afford to have the widely established climate science outcomes treated as just “one side of the argument” against what is often uninformed opinion latching on to the skepticism inherent to our discipline.

    Politicians need expert bodies of scientists that they can trust, who can given honest assessments of what we know – and what we don’t know.

    This week is a big week for science. Science Meets Parliament brings together some 200 of Australia’s top scientists and puts them face to face with the country’s leaders in Canberra.

    It’s a much-needed opportunity for our profession to walk the corridors of parliament house and engage with the nation’s decision-makers. While last year’s Science Meets Parliament was over-shadowed by attacks on science, including death threats against scientists, this year the story is much more positive.

    As I’ve engaged with the public after receiving the Nobel Prize I have been heartened by the enthusiasm of people around the country to understand science and what we scientists do.

    The public understands our message to the politicians this week: For the benefit of the nation, Australia needs to have science front and centre in the public debate.

    Here are three important things I would like to see:

    MORE evidenced-based policy making – each proposal should consider the best available evidence and be nuanced by the political considerations of the day – not the other way around;

    MORE scientists in government – we don’t have to have a parliament full of lawyers and political practitioners. More diversity of backgrounds would strengthen our democracy, and this does not just include MPs but also advisers and government officials; and

    WE need a steady hand when it comes to funding science.

    Science is a long-term investment and feeding it one year and starving it the next will lead to a poor return. We need to nurture a love of science in schools, keep students engaged and interested enough to become not just the scientists and Nobel Prize winners of tomorrow, but citizens able to thrive in an increasingly sophisticated world.

    I hope last night starts a conversation about getting our leaders to see the world from outside their bubble and better appreciate how science can contribute. Maybe our MPs will continue to reach for the stars years after this night has passed.

    Professor Brian Schmidt was awarded the 2011 Nobel Prize in Physics