hurricane sandy


The New Future of Energy Policy

The rise of the powergrid (and new taxes)
Monday, November 26, 2012, 2:32 PM

Flood myths are common to human culture. Swollen rivers, tidal storms, and tsunamis make their appearance frequently in literature. But Hurricane Sandy, which has drawn newly etched high-water marks on the buildings of lower Manhattan (and Brooklyn), has shifted the discussion from storytelling to reality.

Volatility in climate has drawn the attention of policy makers for a decade. But as so often is the case, a dramatic event like superstorm Sandy – the largest storm to hit New York since the colonial era – has punctured the psyche of the densely populated East Coast, including the New York-Washington, DC axis where U.S. policy is made.

Not surprisingly, in the weeks since the historical hurricane made landfall, new attention is being paid to the mounting costs that coastal world megacities may face.

Intriguingly, however, this new conversation about climate, energy policy, and America’s reliance on fossil fuels comes after a five-year period in which the U.S. has dramatically lowered its consumption of oil and seen an equally dramatic upturn in the growth of renewable energy. » Read more


Image by NASA, Flickr Creative Commons

Off the Cuff: Forces of Nature

Man can only hold them back for so long
Thursday, November 1, 2012, 5:17 PM

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Behind the Bogus Jobs Numbers
    • Overestimates in the hundreds of thousands
  • The Massive Cost of Hurricane Sandy
    • The indirect costs are as concerning as the direct ones
  • Oh...Canada
    • No longer immune to the ills of its trading partners
  • The Fallible Fed
    • Out of arrows at this point?

The carnage of Hurricane Sandy provided a distraction this week from the election spectacle. Expect only a few more weeks of juiced-up numbers (e.g., jobs) and economic claptrap (the rebuilding from Sandy will be an economic boon and increase GDP!) before the unavoidable sinks in: There is no more carpet left to sweep things under. Recession is claiming nearly all of the G7 countries, the $20+ billion cleanup price tag from Sandy will be a sucker-punch to the already-toddering U.S. economy, and our leaders – irrespective of who wins the Presidential elections this month – are out of options. The forces of nature have been at bay long enough – and will now exert themselves, with prejudice.

Featured Discussion

Sandy post-mortem poll

Sandy post-mortem poll

How do you grade your current in-place emergency readiness? Did Sandy expose any holes?

Daily Digest

Image by NASA, Flickr Creative Commons

Daily Digest 10/31 - Sandy Damage Bill May Be $50 Billion, Greece PM Warns of Chaos

Wednesday, October 31, 2012, 11:56 AM
  • Storm's cost may hit $50B; rebuilding to ease blow
  • Greek PM Warns of Chaos if Austerity Blocked
  • Spanish banks sap profits with "desperate" price war
  • Portugal government seeks opposition support for more spending cuts
  • India Cuts Reserve Ratio to Back Growth Push; Holds Key Rate
  • Bernanke’s Cash Fuels Record Debt Rally
  • Hungary 'to offer wealthy foreigners citizenship in return for investment'
  • Fitch Puts Argentina's Junk-Level Sovereign Rating on Review For Downgrade
  • Superstorm Sandy cuts power to 8.1 million homes
  • Tenn. has 74 percent increase in homeless students
  • Storm-Surge Damage May Not Be Covered by Some Insurance
  • Why Germany Wants to See its US Gold
  • Bank of Japan Expands Stimulus as GDP Poised to Decline
  • Willow Road work will impact red light revenue (Illinois)
  • Four nuclear plants shut down in N.Y. area
  • Argentina scorns US debt ruling, vows to pay restructured bonds
Daily Prep

Photo by Jerry McCrea / The Star-Ledger

Clean Up Safely After a Disaster

Protect yourself and your family by following these tips
Tuesday, October 30, 2012, 2:55 PM

Learn about the dangers and procedures for safely cleaning up after major disasters and hurricanes.  Be aware of structural damage to properties, exposure to chemical and biological hazards, gas leaks and fumes from clean up equipment, and use extreme caution and safety practices with saws and tools.  You survived the storm, survive the clean up process also.

Featured Discussion

Storm Watch: Hurricane Sandy

Storm Watch: Hurricane Sandy

Our thread for tracking developments and keeping tabs on those in Sandy's path