Cubasch #3

Cubasch said:

After all, Mann’s study appeared in NATURE, a renowned peer-revewied specialist journal. In such cases, the IPCC team has to rely on peer review. To check each publication used in the IPCC report would take far too long.

Some more thoughts.

I guess we’re picking ourselves off the floor with this latest Cubasch comment.

Coincidentially, in the news today in Toronto, was how Manulife Financial Corp. dealt with a due diligence problem. Manulife is a reputable and excellent company. Manulife agents had been placing customers into investments with Portus Alternative Asset Management Inc., which recently failed. They were hit with a class action suit, alleging that they failed to carry out proper due diligence.

The Chairman of Manulife yesterday sent an open letter apologizing to Manulife customers and guaranteed $240 million in investments to its customers. Explaining the guarantee, they said that

"the product was not what we thought we were recommending."

A client described the failure to carry out proper due diligence as "shameful". The Chairman of Manulife said that

"the firm is reviewing compliance procedures and internal controls to ensure that this situation does not happen again".

2 Comments

  1. John A
    Posted Mar 4, 2005 at 4:54 PM | Permalink | Reply

    Cubasch:

    After all, Mann’s study appeared in NATURE, a renowned peer-reviewed specialist journal. In such cases, the IPCC team has to rely on peer review. To check each publication used in the IPCC report would take far too long.

    Dear Prof. Cubasch, I have some questions:

    Question: How long did it take one competent mathematician (Steve McIntyre) to discover severe data defects and profound errors in the statistical analysis?

    Question: How long did your PhD student take to find the "can of worms"?

    Question: How much money did the IPCC have to spend on promotional material on the Hockey Stick?

    Question: How much does the Kyoto Protocol cost so far?

  2. TCO
    Posted Sep 15, 2005 at 10:28 PM | Permalink | Reply

    You can’t handle the truth!!

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