“The [Federal Open Market Committee] will continue to strike a balance between avoiding an overheating economy and bringing … price inflation to 2 percent on a sustained basis,” Chairman Jerome H. Powell said Congress as Fed chair. The new Chairman of the Federal Reserve made his first testimony to Congress: The Congress has assigned us […]
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Monetary Policy Report to the Congress
Underwater: Sea Level Rise
In a recent study by Matthias Mengel, Alexander Nauels, Joeri Rogelj & Carl-Friedrich Schleussner entitled “Committed sea-level rise under the Paris Agreement and the legacy of delayed mitigation action” published in the Journal Nature, the authors contend — sea levels will rise between 0.7 and 1.2 meters (27-47 inches) in the next two centuries even […]
The Economic Monsters: Inflation and Interest Rates
Economist Economic Forecast = Inflation (2018) Inflation Bites (2022) U.S. Mass Consumption Results in Global Economic Disparity, Inequity, and Poverty (2023) Investment Recommendation: Savings Bonds / I Bonds (2023) Your National Debt (2023) Economic Facts on Immigration, Budget Deficits and Inflation (2024) The Federal Reserve and the Chevron Decision (2024) Drill, Baby, Drill: The Existential […]
Climate Science Special Report: Human Induced
The Fourth National Climate Assessment (NCA4), Volume I has determined that climate change is being unduly accelerated by human activities. The report is an authoritative assessment of the science of climate change, with a focus on the United States. It represents the first of two volumes of the Fourth National Climate Assessment, mandated by the […]
New York City Sues Oil Companies Over Climate Change
The most likely force to cause a change in climate change is money. New York City is filing a law suit against five major oil companies (BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell), claiming they have contributed to global warming. Mayor Bill de Blasio said the city will seek billions of dollars in […]
Climate Disasters Made for Costliest Year
The National Oceanic and Atmospheric Administration (NOAA) reports: 2017 will be remembered as a year of extremes for the U.S. as floods, tornadoes, hurricanes, drought, fires and freezes claimed hundreds of lives and visited economic hardship upon the nation. Recovery from the ravages of three major Atlantic hurricanes making landfall in the U.S. and an […]
2017 3rd Warmest Year
The National Oceanic and Atmospheric Administration (NOAA) reports: The average U.S. temperature in 2017 was 54.6 degrees F (2.6 degrees F above average), making 2017 third warmest year in 123 years of record-keeping, according to scientists from NOAA’s National Centers for Environmental Information. In fact, the five warmest years on record for the U.S. all […]
Bomb Cyclone: Extreme Weather Events
“‘Bomb cyclone’ blasting East Coast before polar vortex uncorks tremendous cold late this week. The most severe winter weather yet will assault the area late this week.” — washingtonpost.com (January 3, 2018) The bomb cyclone blizzard was a 1,000 mile wide Nor’easter classified as a “bomb cyclone” because of its sharp drop in atmospheric pressure. […]
Christmas Creations
Christmas Creations is an original album of holiday music created for the 2017 season. Please listen to this “Merry Christmas!” Here’s wishing you a very merry Christmas Clearly, a very merry Christmas Winter solstice bliss “Merry Christmas!” Here’s wishing you a very merry Christmas Hold dearly this very merry Christmas In the tale Peace will […]
Sea Level Rise and Property Values
“Disaster on the Horizon: The Price Effect of Sea Level Rise” Asaf Bernstein, Matthew Gustafson, and Ryan Lewis. Sea level rise coming home, the market is paying attention (Halleluia! who woulda thunk it. The real estate market, especially on the coasts is a wretched hive of villainy)) The first sentence of the abstract is “Homes […]