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September 12, 2012

Extreme Weather = Economic Catastrophes

Have you noticed the increasing rate of Extreme Weather in the USA and across the globe?

Probably. Especially if you know anything about climate change and global warming.

However lets consider the economic results of these increasing intense and frequent storms.

During the past decade the economic costs of extreme weather has more than tripled. Global weather disasters in 2011 cost the global economy $150 billion USD, which was a 25% increase over 2010 ($120 billion).

In 2011 the USA recorded 14 events that caused over a billion dollars of damage each. Compare that to the previous record year, 2008, when there was just 9 such disasters.

Economic costs, loss of life, destruction of property. These things are only going to get worse.

Especially while right-wing politicians and the oil/coal industries are still tooting the old horn of "economics is more important than environment", not realizing that they are shooting economics in the proverbial foot by ignoring the environment.

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