By Walter Hickey 27 February 2013 (Business Insider) – Sequestration will likely go through as scheduled, meaning that Congress has not acted on the first of three “mini-cliffs” that resulted from January’s fiscal cliff negotiation. The next mini-cliff, scheduled to hit on March 27, will absolutely require action. If events in Congress remain at a […]
By Peter Hannam, Carbon economy editor18 February 2013 (Sydney Morning Herald) – Australia has been re-rated on international reinsurance markets after another summer of flooding and extreme weather raised the country’s peril profile, said Insurance Council of Australia chief executive Rob Whelan. As a result of the re-rating, Australian insurers have to pay more for […]
By DYLAN WALSH18 February 2013 (The New York Times) – A new report from the Government Accountability Office elevates the problem of looming gaps in satellite weather data to a “high risk” concern for the federal government The G.A.O.’s high-risk report, updated every two years to coincide with each new Congress, focuses on federal programs […]
By Simon Tisdall17 February 2013 (guardian.co.uk) – When super-typhoon Bopha struck without warning before dawn, flattening the walls of their home, Maria Amparo Jenobiagon, her two daughters and her grandchildren ran for their lives. The storm on 4 December was the worst ever to hit the southern Philippines: torrential rain turned New Bataan’s river into […]
By Chad Brooks, BusinessNewsDaily Contributor 8 February 2013 (LiveScience.com) – Despite signs of an economic recovery, the Great Recession’s scope and impact was so widespread and corrosive that it has left millions of Americans permanently damaged financially, a new study finds. The research from the John J. Heldrich Center for Workforce Development at Rutgers University […]
By Coral Davenport7 February 2013 NORFOLK, Virginia (National Journal) – Jimmy Strickland can tell you exactly how much money rising sea levels have cost his business. In 1989, he opened his accounting firm in a one-story brick building near Norfolk’s historic cobblestoned Hague district, which surrounds one of this low-lying city’s many tidal rivers. Dressed […]
By David Ariosto, CNN31 January 2013 (CNN) – An old wooden carving known as “the Sacred Cod” hangs in the Massachusetts State House. That figurine has stared down at lawmakers for more than two centuries as a reminder of how important cod fishing has been to New England, where generations have made a living by […]
By Renuka Rayasam17 January 2013 (Der Spiegel) – With snow blanketing the ground, it’s the perfect time of year to snuggle up in front of a fireplace. That, though, makes German foresters nervous. When the mercury falls, the theft of wood in the country’s woodlands goes up as people turn to cheaper ways to heat […]
By Nouriel Roubini 14 January 2013 Financial conditions in the eurozone have significantly improved since the summer, when eurozone risks peaked because of German policymakers’ open consideration of a Greek exit, and the sovereign spreads of Italy and Spain reached new heights. The day before European Central Bank President Mario Draghi’s famous speech in London […]
By Susan Heavey15 January 2013 WASHINGTON (Reuters) – The number of U.S. families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs, an analysis released on Tuesday shows. More working parents have taken jobs as cashiers, maids, waiters and other […]
