By Dr. Jeff Masters 11 March 2019 (Weather Underground) – Texas and Louisiana have the highest rates of sea level rise in the U.S., with Grand Isle, Louisiana (7.75 mm or 0.305 inches per year) topping the list, according to the annual sea level “report card” from researchers at William & Mary’s Virginia Institute of […]
By Alexandre Tanzi 5 March 2019 (Bloomberg) – U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. “The increase in credit card balances is consistent with seasonal patterns […]
By Drake Bennett and Mark Chediak 28 February 2019 (Bloomberg Businessweek) – Laine Mason arrived at work on Nov. 8 expecting a busy day: Strong winds were forecast, which meant falling branches and toppled trees, and with them the possibility of downed power lines. Mason, who lives in the Northern California town of Corning, works […]
By Rachel Elbaum 21 February 2019 BRUSSELS (NBC News) – Europeans in Brussels, the unofficial capital of the E.U., have some choice words to describe Britain’s attempt to leave the 28-country bloc. “Horrifying,” “chaotic” and “frustrating” are just a few of them. There are just 36 days left until Brexit, and lawmakers have been unable […]
By Rebecca McCarthy 11 February 2019 (Longreads) – Atlantic City covers the northern third of Absecon Island, a barrier island made up of an alarming amount of sand. It is a bad town to die in — there are plenty of vacant lots but no cemeteries. In many places, if you dig down more than […]
By Heather Long 12 February 2019 (The Washington Post) – A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis. Economists warn that this is a red flag. Despite the […]
By Christopher Ingraham 8 February 2019 (The Washington Post) – The 400 richest Americans — the top 0.00025 percent of the population — have tripled their share of the nation’s wealth since the early 1980s, according to a new working paper on wealth inequality by University of California at Berkeley economist Gabriel Zucman.Those 400 Americans […]
By Ange Lavoipierre and Stephen Smiley 5 February 2019 (The Signal) – At the moment, Townsville is more or less underwater and large parts of Tasmania are on fire.Summer in Australia has always been extreme, but some corners of the country are experiencing climate-driven disasters that are worse than ever — and more of them […]
By Dr. Jeff Masters23 January 2019 (Weather Underground) – Earth was besieged by 39 billion-dollar weather disasters in 2018, the fourth-highest inflation-adjusted number of billion-dollar weather events on record, said insurance broker Aon (formerly called Aon Benfield) in their annual report issued 22 January 2019. Only 2011, with 44 billion-dollar weather disasters, and 2010 and […]
By Petra Löw8 January 2019 (Munich Re) – When compared with the record losses of the previous year from Hurricanes Harvey, Irma and Maria, the indications at the start of 2018 were that it would be a more moderate year. However, the second half of the year saw an accumulation of billion-dollar losses from floods, […]
