Friday, May 22, 2026

Looking forward to more Houston | Economy Explorer


from Bloomberg:

As supercell thunderstorms roared through Thursday night, leaving a deadly trail in Houston, the climate is warming and winds are increasing, although researchers are still teasing out the connection between a rapidly warming planet and relatively small-scale weather patterns. exact relationship.

A powerful storm with winds exceeding 75 mph (120 km/h) swept through the Houston area, causing downed trees, blown out windows and killing at least four people. Nearly 700,000 customers in the Houston area are still without power. According to preliminary estimates from AccuWeather, economic losses and damages could range from $5 billion to $7 billion.

This is a visual aid from AB Smith, “2023: A historic year for billions of dollars in weather and climate disasters in the U.S.,” NOAA (January 8, 2024) .

Year-to_Date visualization from the same file. Note that costs start accruing in July, and 2024 is still May.

I'm glad the current administration has a group of leaders who believe in science. If you doubt the relevance of my accusations, please recall this document, freed four years Suppressed later, and only by court order, by the Bush administration.

[link to document]

now we have Florida Governor DeSantis bans use of term 'climate change' in state regulations (As well as banning wind turbines in state waters and eliminating energy conservation subsidies).

(BTW, if you think only scientific intellectuals worry about climate change, see CBO here, hereand here .For macro modeling, see Congressional Budget Office-Office of Management and Budget (2024).)



Source link

Related articles

Recession Watch: I agree with ZeroHedge

from Zero Hedge Given the long lag between recession...

Immigration, recovery and inflation | Economic Explorer

inside The Fed recently conducted a review of...

What is the household's debt situation?

CNN published an article today titled "What happened...

Confidence, news and sentiment in May

While the (ultimate) sentiment measured by the U-M...
spot_imgspot_img