Everyone’s ignoring these investors’ warnings on climate risk. You shouldn’t.: Climate change is rewriting the rules of real estate. - "The market reaction has been muted in part because governments still absorb much of the risk. Insurance premiums are often subsidized with state and federal dollars through programs like the National Flood Insurance Program (NFIP). Banks issue mortgages for risky homes and sell them to government-backed Fannie Mae and Freddie Mac, effectively transferring risk to taxpayers. Local officials balk at mapping climate risk, out of fear that it will hurt property values and lower tax revenue."
Voter anger over economy boosts Trump in 2024, baffling Democrats: Exit polls reflect public frustration about the state of the economy under Democrats, who blame social media, the press and bad luck. - "Republicans have relentlessly hammered Biden and Harris over inflation, blaming the 2021 economic rescue plan approved by Democrats, and Trump turned higher prices into a core feature of his stump speech. However, virtually all rich nations were hit with far higher inflation amid a covid-induced shift in consumption patterns and Russia’s war in Ukraine, which disrupted global supply chains."
Michael Fanone knows how many of you feel. He’s felt it for years. - "'We can’t say, in honesty, 'This is not who we are,'' Fanone said, gesturing his beer toward the television. 'We are violent. We are hate-filled. We are self-centered.'"
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