Date: 2025-01-17 12:29 pm (UTC)
juan_gandhi: (Default)
From: [personal profile] juan_gandhi
Thank you so much; really good stories.

Date: 2025-01-17 05:49 pm (UTC)
gingicat: (Default)
From: [personal profile] gingicat
Wasn't there a meteorite strike in Russia (Siberia?) that was captured on dashcam video some years back?

Date: 2025-01-17 05:56 pm (UTC)
movingfinger: (Default)
From: [personal profile] movingfinger
There were multiple video captures of the airborne fireball, but not of the ground impact.

Date: 2025-01-17 05:57 pm (UTC)
gingicat: (Default)
From: [personal profile] gingicat
Got it, that makes sense.

Date: 2025-01-18 09:15 am (UTC)
hairyears: Spilosoma viginica caterpillar: luxuriant white hair and a 'Dougal' face with antennae. Small, hairy, and venomous (Default)
From: [personal profile] hairyears
(6) Is recurring theme in the Financial Times.

The answer is 'Yes' and increasing numbers of households are becoming trapped in uninsurable houses and farms.

Uninsurable means unmortgageable and unsaleable.

The one thing missing from that article is the pernicious effect of state-backed insurance in Florida, with forty years of overbuilding in flood- and storm-risk disaster areas.

It's happening in the UK, too, with a slightly different flavour: the insurers had a gentleman's agreement with the Treasury and the regulatory authorities, that they would always make insurance available, on the understanding that adequate flood defences would always be built and maintained by the state.

This agreement was quietly abrogated by the coalition cabinet in 2011.

The places to watch are York, and the Severn Valley up- and downstream of Worcester.

Edited (Typo) Date: 2025-01-18 09:23 am (UTC)

Date: 2025-01-20 11:28 am (UTC)
fub: (Default)
From: [personal profile] fub
The lesson is to not make a gentleman's agreement with anyone who is not a gentleman. (Or gentle-woman, of course.)

Date: 2025-01-21 08:25 am (UTC)
hairyears: Spilosoma viginica caterpillar: luxuriant white hair and a 'Dougal' face with antennae. Small, hairy, and venomous (Default)
From: [personal profile] hairyears
At most, the worth of nonexistent paper; more often, a substantial net negative for all involved, voluntarily or not.

This is turning into the worst example of value-destruction in North America since the banking collapses of the Great Depression, and it will foreseeably surpass the costs of the Civil War to the Southern Confederate States.

...And it will continue getting worse.

We are observing an economic mechanism by which damaging events become widespread disasters; and I see no actions or policy proposals that will stop it becoming irrecoverable, and worsening.

Neither in the economic view, nor environmentally; and economomists are still persuading policymakers and managers to pretend that these two views as separate and disconnected abstractions.

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