August 2022 There are droughts in North America, South America, Europe, Asia, and Africa. * UN lists 23 countries that are in severe drought: Afghanistan, Angola, Brazil, Burkina Faso, Chile, Ethiopia, Iran, Iraq, Kazakhstan, Kenya, Lesotho, Mali, Mauritania, Madagascar, Malawi, Mozambique, Niger, Somalia, South Sudan, Syria, Pakistan, the United States and Zambia. * U.S. officials […]
Category Archives: Government
Worldwide Droughts
Also posted in Environment, Global Warming, health and wellness, International, Science
Tagged climate change, drought, extreme weather events, water
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Climate Endgame: Exploring Catastrophic Climate Change
Proceedings of the National Academy of Sciences of the United States of America released the study Climate Endgame: Exploring catastrophic climate change scenarios: Prudent risk management requires consideration of bad-to-worst-case scenarios. Yet, for climate change, such potential futures are poorly understood. Could anthropogenic climate change result in worldwide societal collapse or even eventual human extinction? […]
Also posted in Global Warming, International, Science
Tagged catastrophe, climate change, collapse of society, mass extinction events
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Florida Insurance Regulators Taking an “unprecedented” and “extraordinary” Step
The St. Lucie News Tribune reports: Florida insurance regulators are taking an “unprecedented” and “extraordinary” step to try and prevent tens of thousands of homeowners from being forced to look for new property insurance coverage if rating agency Demotech follows through on plans to downgrade many Florida carriers. The Florida Office of Insurance Regulation announced […]
Also posted in Environment, Global Warming, Science
Tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level
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Immigration and the Wage Inflation Spiral
An important factor in our inflation situation is immigration. The US has stagnant population growth (as does the UK, EU, etc. Japan has a declining population.) During the Trump administration, the US drastically curtailed immigration. The Biden administration continues to do so today. The result has been wage inflation. The wage inflation that started in […]
Also posted in Business, Finance, International
Tagged immigration, inflation, Trump, wage inflation
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Cost of Property Insurance in Florida
Florida Politics reports in their article, As climate in Florida sets ‘new normal,’ cost of property insurance will separate haves, have-nots: “Insurers believe that due to climate change, this is the new normal. They’re finding that catastrophic and non-catastrophic weather events are increasing in severity every year,” said Paul Handerhan, president of the Federal Association […]
Also posted in Environment, Global Warming, Science
Tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level
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Homeowners Insurance and Extreme Weather Events
Homeonwers insurance is becoming more expensive or even unavailable due to the increase frequency and intensity of extreme weather events caused by climate change. NOLA newspapers reports: Louisiana’s homeowners insurance market straining under weight of 600,000 claims Two active Atlantic hurricane seasons in a row have made some insurers insolvent. It’s the latest sign of […]
Also posted in Environment, Global Warming, Science
Tagged climate change, extreme weather events, flood insurance
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Climate Change: Adapt or Die
United Nations Press Release — UN scientists on Monday delivered a stark warning about the impact of climate change on people and the planet, saying that ecosystem collapse, species extinction, deadly heatwaves and floods are among the “unavoidable multiple climate hazards” the world will face over the next two decades due to global warming. UN-IPCC-Climate-Change-March-2022 […]
Also posted in Global Warming, International, Science
Tagged adapt, adaptation, climate change, extreme weather events, sea level rising
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The Cost of Flood Insurance
An article in the New York Times entitled The Cost of Insuring Expensive Waterfront Homes Is About to Skyrocket states, “Federal officials say the goal is fairness — and also getting homeowners to understand the extent of the risk they face, and perhaps move to safer ground, reducing the human and financial toll of disasters.” […]
Also posted in Global Warming, Science, weather
Tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level
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National Flood Insurance Program Increasing Rates
FEMA is updating the National Flood Insurance Program’s (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property’s flood risk. The […]
Also posted in Global Warming, Science, weather
Tagged climate change, flood insurance, flooding, real estate, rising sea level
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The Federal Reserve, the Treasury, and You
We were talking about a graph of the record high stock market… and, I said: You definitely need to keep this graph with it… the main reason the stock market is at this level is because the Federal Reserve has been buying stocks and bonds… lots of them. (That’s over 7 trillion pictured in the […]
Also posted in Business, Education, Finance, History, Politics, Science
Tagged Economics, Federal Reserve Bank, Treasury Department
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