Total household debt in the United States, 2004-2022. Total household debt rose by $394 billion, or 2.4 percent, to $16.90 trillion in the fourth quarter of 2022, according to the latest Quarterly Report on Household Debt and Credit. Credit card balances increased by $61 billion to reach $986 billion, surpassing the pre-pandemic high of $927 billion; mortgage balances rose to $11.92 trillion, auto loan balances to $1.55 trillion, and student loan balances to $1.60 trillion. The share of current debt transitioning into delinquency increased for nearly all debt types. Graphic: FBNY Consumer Credit Panel / Equifax

U.S. household debt hit record $16.9 trillion in Q4 2022, as consumers loaded up their credit cards – “It’s triple trouble for credit card borrowers”

By Alicia Wallace 17 February 2023 Minneapolis (CNN) – Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York. Total US household debt hit a record $16.9 trillion during the fourth […]

(a) Annual snow-zone fire detections subset by snow seasonality in California, 2001–2021. (b) Snow seasonality classifications for California. (c) All fire detections (2001–2021), colored by snow seasonality classification: blue (seasonal), red (ephemeral), and gray (non-snow zone). Fire detections in seasonal (blue) and ephemeral (red) snow zones during (d) 2001–2019 and (e) 2020–2021, noting fires named in the text. Graphic: Hatchett, et al., 2023 / Geophysical Research Letters

California’s snowpack is melting faster than ever before, leaving less available water – “The threats to the state’s water supply are imminent”

By Hayley Smith 14 February 2023 (Los Angeles Times) – For decades, Californians have depended on the reliable appearance of spring and summer snowmelt to provide nearly a third of the state’s supply of water. But as the state gets drier, and as wildfires climb to ever-higher elevations, that precious snow is melting faster and […]

EIU Democracy Index 2022, global map by regime type. The average global index score stagnated in 2022. Despite expectations of a rebound after the lifting of pandemic-related restrictions, the score was almost unchanged, at 5.29 (on a 0-10 scale), compared with 5.28 in 2021. The positive effect of the restoration of individual freedoms was cancelled out by negative developments globally. The scores of more than half of the countries measured by the index either stagnated or declined. Western Europe was a positive outlier, being the only region whose score returned to pre-pandemic levels. Graphic: EIU

EIU Democracy Index 2022: Frontline democracy and the battle for Ukraine – “Overall the story is one of stagnation. This is a dismal result given that in 2022 the world started to move on from the pandemic-related suppression of individual liberties that persisted through 2020 and 2021”

1 February 2023 (EIU) – The Democracy Index, which began in 2006, provides a snapshot of the state of democracy worldwide in 165 independent states and two territories. This covers almost the entire population of the world and the vast majority of the world’s states (microstates are excluded). The Democracy Index is based on five […]

Avoidable deaths per 100,000 population (standardized rates) in OECD nations, 2000-2020. Avoidable deaths per 100,000 population in the U.S. are higher than the OECD average. Graphic: The Commonwealth Fund

U.S. Health Care from a Global Perspective, 2022: Accelerating spending, worsening outcomes – “Americans are more likely to die younger, and from avoidable causes, than residents of peer countries”

By Munira Z. Gunja, Evan D. Gumas, and Reginald D. Williams II 31 January 2023 (The Commonwealth Fund) – In the previous edition of U.S. Health Care from a Global Perspective, we reported that people in the United States experience the worst health outcomes overall of any high-income nation.1 Americans are more likely to die younger, and […]

Map showing natural catastrophe loss events in 2022. Natural catastrophes caused overall losses of US$270 billion worldwide. Data: Munich Re, NatCatSERVICE, 2023. Graphic: Munich Re

Munich Re: Climate change and La Niña driving losses – “Climate change is taking an increasing toll. The natural disaster figures for 2022 are dominated by events that, according to the latest research findings, are more intense or are occurring more frequently.”

10 January 2023 (Munich Re) – With overall losses of around US$ 270bn (previous year US$ 320bn) and insured losses of roughly US$ 120bn (previous year US$ 120bn), 2022 joins the recent run of years with high losses. Overall losses were close to the average for the last five years, while insured losses were significantly […]

A sign that reads in Portuguese “Justice for Dom and Bruno” and with images of the British journalist Dom Phillips, on the left, and the indigenous specialist Bruno Pereira is displayed on the Arcos da Lapa aqueduct during a protest by environmental groups in Rio de Janeiro, Brazil, 26 June 2022. Brazilian police said Monday, 23 January 2023, they planned to indict Ruben Dario da Silva Villar, a Colombian fish trader, as the mastermind of the murders. Photo: Bruna Prado / AP Photo

Brazil police: Businessman ordered killings of men in Amazon

By Fabiano Maisonnave 23 January 2023 SAO PAULO (AP) – Brazilian police said Monday they planned to indict a Colombian fish trader as the mastermind of last year’s slayings of Indigenous expert Bruno Pereira and British journalist Dom Phillips. Ruben Dario da Silva Villar provided the ammunition to kill the pair, made phone calls to […]

Carbon credits claimed by Verra rainforest carbon credits vs. real emissions reductions. At least 90 percent of claimed credits do not represent real emissions reductions. Graphic: The Guardian

More than 90 percent of rainforest carbon offsets by biggest certifier are worthless, analysis shows – “It’s disappointing and scary”

By Patrick Greenfield 18 January 2023 (The Guardian) – The forest carbon offsets approved by the world’s leading certifier and used by Disney, Shell, Gucci and other big corporations are largely worthless and could make global heating worse, according to a new investigation. The research into Verra, the world’s leading carbon standard for the rapidly growing $2bn (£1.6bn) […]

A graveyard that has been washed into the sea due to coastal erosion at Monkey River, a coastal village in south-east Belize. Photo: Andrea Ocampo / UN Video

Saving a Belize village from man-made erosion – “I don’t want to see more graves go to the sea”

8 January 2023 (UN News) – “My grandma and my grandfather are now washed out in the sea,” says Mario Muschamp, gazing out at the coast near his close-knit Creole community. “You know, their graves are gone. That really hurts.” This is the reality for the inhabitants of Monkey River, who have watched on, powerless, […]

Map showing 28-day COVID-19 cases in U.S. counties on 26 January 2023. Graphic: Johns Hopkins University

Greg Olear: The Plague turns three – More than a million Americans are dead of COVID-19. Where is the outrage? “U.S. performance at the level of South Korea, Australia, New Zealand, or Japan in containing the pandemic would have saved over 300,000 American lives in 2020 alone”

By Greg Olear 24 January 2023 (Substack) – Three years ago today, the Centers for Disease Control confirmed a second travel-related infection of the SARS-CoV-2 virus in the United States, this time in Illinois. The Illinois case was the epidemiological equivalent of the second airplane hitting the World Trade Center. It meant that the first U.S. […]

Map showing significant economic loss events in 2022. Direct economic losses resulting from natural disasters in 2022 are estimated at $313 billion. This is close to the 21st century average, after adjusting actual incurred damage to today’s dollars using the U.S. Consumer Price Index. Though 2022 was far from record-breaking in terms of overall losses, it saw many impactful and costly events across the globe. Visualizing the geographic distribution of 2022 events allows for distinguishing certain patterns, including higher frequency of medium-sized Severe Convective Storm (SCS) events in the U.S. and Europe, and the prevalence of flooding events in Africa, Southeast Asia and Oceania. The map primarily shows the economic impact, which to some extent correlates with concentration of wealth — this is not a result of a reporting bias. What this map does not highlight is the humanitarian crises and displaced communities, as many events with significant human impacts do not necessarily translate into a high financial toll in terms of direct damage. Note that significant price inflation throughout the year already resulted in notable increases of per-event losses. Graphic: Aon

Aon: Global insured losses from natural disasters exceeded $130 billion In 2022, driven by second-costliest event on record – More than 19,000 heat-related deaths in Europe

CHICAGO, 25 January 2023 (PRNewswire) – Aon plc (NYSE: AON), a leading global professional services firm, today published its 2023 Weather, Climate and Catastrophe Insight report, which identifies global natural disaster and climate trends to help make better decisions to manage volatility and enhance global resilience. The report reveals that natural disasters caused a $313 billion global economic loss […]

Social media & sharing icons powered by UltimatelySocial