Relevant and even prescient commentary on news, politics and the economy.

Flood insurance

Via Truthout , (https://truthout.org/articles/flood-risks-are-rising-amid-climate-change-but-congress-is-delaying-action) comes a reminder of a perennial problem:

Floods are the most common disaster in the United States. And the 2020 hurricane season was the busiest to date in the Atlantic — 73 percent more “active” than normal, The Washington Post reported, with a record number of storms breaking ground on U.S. soil, totaling $37 billion in damage. The frequency of what is known as “sunny day” or “high tide” flooding (flooding linked to sea level rise and visible as water bubbling up from storm drains into city streets) is also on the rise. In 2019, the median flood frequency doubled from 2000 levels, up to four days per year. That median is expected to rise to six days this year. By 2050, high tide flooding could reach 75 days annually.

Given the heightened risk that the federal government’s own data reveals, delaying the implementation of a system that takes those numbers into account is like “putting your head in the sand and trying to ignore it,” Carolyn Kousky, executive director of the Wharton Risk Center at the University of Pennsylvania, told USA Today.

Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement

Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement

A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top education official.

The Oklahoma State Board of Education voted 4-3 on Thursday in favor of an agreement with the Oklahoma Public Charter School Association to settle a 2017 lawsuit.

The charter school association called the agreement a “tremendous step” for equality in school funding.

State schools Superintendent Joy Hofmeister said the settlement could violate state law and have “seismic” implications by redistributing school funding.

Weekly Indicators for March 15 – 19 at Seeking Alpha

 by New Deal democrat

Weekly Indicators for March 15 – 19 at Seeking Alpha

My Weekly Indicators post is up at Seeking Alpha.

Both the nowcast and the short term forecast continue to be red hot. But interest rates continue to batter the long term forecast.

As usual, clicking over and reading will bring you up to the virtual moment, and reward me a tiny bit for the efforts I put in.

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We are in the process of making changes to the comment section of Angry Bear to tackle the issue of comments disappearing or being delayed in posting. We need feedback from readers on their experience Friday and over the weekend: e-mail Dan at cdansplace2@aol.com or Bill at run75441@hotmail.com.

Weekly Indicators for March 8 – 12 at Seeking Alpha

 –by New Deal democrat

Weekly Indicators for March 8 – 12 at Seeking Alpha

My Weekly Indicators post is up at Seeking Alpha.

Although rising long term interest rates are likely to have consequences in 2022, 2021 is shaping up to be a blowout year for economic (and hopefully employment) growth, driven by dual huge monetary and fiscal stimuli.

As usual, clicking over and reading should bring you up to the figurative moment, and reward me just a little bit for my efforts.