South Florida affiliate station 610 WIOD airs the show from 3:00pm to 6:00pm, Monday – Friday. On average, host Todd Schnitt has an estimated 800,000 listening audience across the country after scoring a huge deal XM Satellite radio.

The Schnitt Show began praising Shomari Stone on Monday, May 21, 2007 at 4:00pm about his report on Global Warming.

Schnitt said, “I have to give credit where credit is due. I have to highlight this individual. I am taking the time to reach out to a reporter, Shomari Stone, in Miami, he’s a CBS 4 WFOR reporter. Shomari did a news story on Global Warming. Instead of asking Hurricane Expert Dr. William Gray about hurricanes, he did a story about how Dr. Gray says humans ARE NOT causing global warming.” “Shomari Stone dared to expose the other side. He had the cahoonays.”

“I have no idea what Shomari’s position is personally. I have no idea. But you’ve got to hand it to him for presenting the other side of the story. A rarity. He’s good. Good job Shomari Stone. I appreciated the diligence that you put into the report.” “Finally, mainstream media, has a Dr., a professor that says, wait a sec, not so fast, on this annointed reason that’s been shoved down our faces. That’s all I ask for. Is just the other side of the debate. I’m not saying Al Gore should not present his stuff in “An Inconvenient Truth.” I just like both sides of an issue presented. Fantastic report! Finally I can’t tell you the last time I saw something like that. I don’t think it’s been done.”

You can watch CBS 4 Reporter Shomari Stone’s Exclusive Global Warming Report by clicking or copy and pasting the following link:

http://cbs4.com/video/?id=34785@wfor.dayport.com

If Mr Gore made a meaningful bet with Mr Limbaugh (i.e. for a significant chunk of Gore’s net worth), Mr Gore would have an incentive to stop his activism in order to decrease the chances of action on global warming and increase the chances of collecting on the bet.

This sort of thing is why Pete Rose isn’t in the hall of fame.

Having said that, smaller bets (i.e. enough money to be interesting, but not enough to modify behavior) have some significant value in that formulating the bet forces us to set out specific predictions that can then be either confirmed or falsified.

The value of this approach was demonstrated by the famous Simon-Ehrlich bet. The results of which conclusively sunk Mr Ehrlich’s theories on resource scarcity (interestingly Mr Ehrlich is now a noted proponent of global warming, which just goes to show that a history of being consistently and spectacularly wrong isn’t a barrier to getting your name in the papers).

I suspect the Mr Gore would have a much better chance of winning a reasonably formulated bet than Mr Ehrlich did. Global warming is a far more credible proposition than Mr Ehrlich’s Malthusian rants. Regardless, formulating a proposition (or set of propositions) that can be conclusively confirmed or falsified is a very valuable intellectual exercise.

HA: I’m very dubious of the “beachfront property” thing because real estate of all kinds is on a massive bull run right across the world, itself probably due to high global liquidity. As the effects of sea-level rise aren’t predicted for much before 2100, any signal is likely to be outweighed by the secular boom in real estate.

However, there are effects that are expected sooner – more, stronger storms being a case in point. Arguably, buying property in Florida has been shown to be unwise since Hurricane Andrew in 1992, and it’s only because there’s a perception of an implicit Federal guarantee that people still do it. Certain biases – catastrophe blindness, confirmation bias – would suggest that response is only likely after an example. Hence – Louisiana.

In the meantime, I am still waiting for Robin to set up an option on the futures price of whether or not Rush will bet. I want to go both long and short on it, preferably in the most complicated way possible, .