The skyline of Pittsburgh is framed by ice along the bank of the
Allegheny River at sunset. Pittsburgh reached a low temperature of minus
9 degrees early Tuesday morning, and a high of 5 degrees.
Add $50 Billion to the Credit Card because Congress never acted to prevent the Climate Crisis.
By Jim Puzzanghera
Los Angeles Times
Los Angeles Times
The severe weather (click here) that has hit much of the country this winter has cost
the economy nearly $50 billion in lost productivity and 76,000 jobs,
according to a new survey.
And the debilitating effects of Old Man Winter hit factory production, which last month fell the most since the Great Recession ended, the Federal Reserve said Friday.
Manufacturing output dropped 0.8 percent in January compared with the previous month, the first decline since July and the biggest falloff since May 2009.
The decline was “partly because of the severe weather that curtailed production in some regions of the country,” the Fed said. It did not identify other factors, however.
Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC....
Twenty deaths and counting. Below are 'white out' conditions. What are ya doing out there? Getting lost and even having to face your life while trying to find a path to safety is one of the cruelest things that can happen to people. Please don't do this, nature has no will to protect anything, it just is. Physics has no mercy.
Blowing snow obscures the St. Joseph Lighthouse in St. Joseph, Mich. as a winter storm moves through southwest Michigan.
At least 20 deaths (click here) have been linked to a series of snowstorms and the blast of Arctic air that has held much of the Midwest and East in its grip since late last week.
Seven people have died in Michigan alone. On Monday, a car slid into a tanker truck, killing one person and critically injuring another. On Saturday, Branden Hewitt, 27, died in a car crash in Huron County and Timothy Nixon, 50, was struck and killed by a car while walking, The Weather Channel said. Three people died shoveling snow, and another person died of unspecified health issues, The Detroit Free Press reported.
Separate collisions in Missouri took the lives of two people, including a 1-year-old boy, according to the State Highway Patrol. Kiber Williams died Monday after the car he was riding in hit a snowplow near St. Joseph. In St. Louis, a motorist was killed after hitting a big rig on Interstate 44....
And the debilitating effects of Old Man Winter hit factory production, which last month fell the most since the Great Recession ended, the Federal Reserve said Friday.
Manufacturing output dropped 0.8 percent in January compared with the previous month, the first decline since July and the biggest falloff since May 2009.
The decline was “partly because of the severe weather that curtailed production in some regions of the country,” the Fed said. It did not identify other factors, however.
Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC....
Twenty deaths and counting. Below are 'white out' conditions. What are ya doing out there? Getting lost and even having to face your life while trying to find a path to safety is one of the cruelest things that can happen to people. Please don't do this, nature has no will to protect anything, it just is. Physics has no mercy.
At least 20 deaths (click here) have been linked to a series of snowstorms and the blast of Arctic air that has held much of the Midwest and East in its grip since late last week.
Seven people have died in Michigan alone. On Monday, a car slid into a tanker truck, killing one person and critically injuring another. On Saturday, Branden Hewitt, 27, died in a car crash in Huron County and Timothy Nixon, 50, was struck and killed by a car while walking, The Weather Channel said. Three people died shoveling snow, and another person died of unspecified health issues, The Detroit Free Press reported.
Separate collisions in Missouri took the lives of two people, including a 1-year-old boy, according to the State Highway Patrol. Kiber Williams died Monday after the car he was riding in hit a snowplow near St. Joseph. In St. Louis, a motorist was killed after hitting a big rig on Interstate 44....
The
severe weather that has hit much of the country this winter has cost
the economy nearly $50 billion in lost productivity and 76,000 jobs,
according to a new survey.
And the debilitating effects of Old Man Winter hit factory production, which last month fell the most since the Great Recession ended, the Federal Reserve said Friday.
Manufacturing output dropped 0.8 percent in January compared with the previous month, the first decline since July and the biggest falloff since May 2009.
The decline was “partly because of the severe weather that curtailed production in some regions of the country,” the Fed said. It did not identify other factors, however.
Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC.
- See more at: http://amestrib.com/news/severe-weather-costs-economy-nearly-50-billion#sthash.EjgPPEbH.dpufAnd the debilitating effects of Old Man Winter hit factory production, which last month fell the most since the Great Recession ended, the Federal Reserve said Friday.
Manufacturing output dropped 0.8 percent in January compared with the previous month, the first decline since July and the biggest falloff since May 2009.
The decline was “partly because of the severe weather that curtailed production in some regions of the country,” the Fed said. It did not identify other factors, however.
Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC.
