Just Like the Financial Crisis and Fukushima: BP and the Government Decided to Temporarily Hide the Oil by Sinking It with Toxic Chemicals … The Gulf Ecosystem Is Now Paying the Price
UPDATE: *FIRST TSUNAMI WAVES REACH CHILE COAST, RADIO COOPERATIVA SAYS
At shortly after 1945ET, a massive 8.2 (revised up from 8.0) earthquake hit close to the coast of Chile:
*MAGNITUDE 8.0 QUAKE HITS OFF COAST OF CHILE, USGS REPORTS
*CHILE QUAKE MAGNITUDE REVISED UP FROM 8.0 TO 8.2 BY USGS
*FLASH: TSUNAMI WARNING ISSUED AFTER MAGNITUDE 8.0 QUAKE HITS OFF
*QUAKE CUTS ELECTRICITY SUPPLY TO MUCH OF ARICA, CHILE: TVN
The BBC reports the quake was shallow (which means it felt more powerful) and the tsunami wave's arrival is imminent. Copper prices are jumping on the news as the region is an active mining area.
Assuming that the dismal non-farm-payrolls print in January was "due to the weather," we suspect economists, strategists, and weather-forecasters everywhere are holding their breaths over the February print given the following 2 charts...
Really? It's all climate change?
While it took Japan over two years to admit the Fukushima situation on the ground is "out of control", a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not only the local environment and society but also globally, particularly Japan's neighbor across the Pacific - the US. To be sure, there has been much speculation, much of it unjustified, in the past two years debating when, how substantial and how acute any potential debris from Fukushima would be on the US. Which is why it was somewhat surprising to see the NOAA come out with its own modeling effort, which shows that not only "some buoyant items first reached the Pacific Northwest coast during winter 2011-2012" but to openly confirm that a debris field weighing over 1 million tons, and larger than Texas is now on the verge of hitting the American coastline, just west off the state of California.
Radiation Levels Will Concentrate in Pockets at Certain West Coast Locations
Radiation Levels Will Concentrate in Pockets In Baja California and Other West Coast Locations
Bullish for GDP, foodstamps and BLS scapegoating of the weather as the reason for a weak May jobs report.
What’s Causing the Mass Die-Off and Starvation of California Sea Lions?
The budget for "rat fees" comes to $125m.
2012 was a historic year for extreme weather that included drought, wildfires, hurricanes and storms. But, as NOAA reported yesterday, 2012 marked the warmest year on record for the contiguous United States. The average temperature for 2012 was 55.3°F, 3.2°F above the 20th century average, and 1.0°F above 1998, the previous warmest year. Rainfall was dismal also at 26.57 inches, 2.57 inches below average, making it the 15th driest year on record for the nation. NOAA also adds that the U.S. Climate Extremes Index indicated that 2012 was the second most extreme year on record for the nation, nearly twice the average value and second only to 1998. 2012 saw 11 disasters that reached the $1 billion threshold in losses. Climate Central also confirms that fully two-thirds of the lower 48 states recorded their first-, second- or third-hottest years, and 43 states had one of their top 10 warmest years ever recorded. Globally, 2012 appears to be the eight warmest on record.
The good news is that we can't foretell the future; if we could, it wouldn't be interesting at all.
Update: good news: the storm surge is now receding. The water level has to decline by 2-3 feet for the flooding to subside.
Curious how many feet of water the rats in downtown NYC are under right now? The real-time answer is available after the jump below, courtesy of the NOAA and this tide height tracker at New York's Battery.