Apparently while we rejoiced over the death of Osama bin Laden, the Mississippi river was flooding the South, primarily Mississippi, Alabama, and Louisiana.
… didn’t we just go through a country-devastating earthquake-tsunami double-play?
Natural disasters in the not-even-first-half of 2011:
- Flooding in the US southern states
- Earthquake + tsunami in Japan
- Earthquake in New Zealand
- Flooding in Australia
- Flooding in Brazil
Too many consecutive questions about whether we’ve hit record precipitation, whether the rate of natural disasters has increased, etc. have come up in a nauseatingly short time span. No one is thinking about the accelerating build up of crazy things happening around the world.
Forget the 401K, the condo, the life insurance, the bachelor’s degree, all that stuff. If the land we live in floods and Manhattan is underwater, everything I worked for and invested in has no future value.
If conservatives in Congress are so hawkish about our government’s expenditure, why don’t they care more about the cost that all the Mississippi flooding is going to incur? Someone’s going to have to rebuild that area, and it’s not going to be China funding it (well maybe indirectly through buying our Treasury bills).
I think we should take note of the natural disaster insurance being claimed and use that as an index of how much time we have left. Even Lloyd’s of London knows the numbers add up: “This series of catastrophic events is unprecedented so early in a year,” said the firm’s chief executive, Stephen Catlin. “Rates for certain classes of business are starting to rise following the first-quarter catastrophes. In the light of the more than $50bn in natural catastrophe losses incurred since the beginning of this year – including the damage from tornadoes in the US in April – combined with the prolonged low investment return environment, it would be totally appropriate for rates to increase on a widespread basis.”
Calling Captain Planet…. HELP!!!
- http://www.guardian.co.uk (May 13, 2011) - Natural disasters push insurance claims to $4bn, Lloyd’s of London says
- http://www.usatoday.com (May 13, 2011) – U.S. on record place for high-cost weather disasters