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Consumer News: Climate change has led to billions of dollars in flood damages, study finds

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Photo (c) John M Lund Photography Inc - Getty Images
Climate change is a source of stress for many consumers, and findings from a new study conducted by researchers from Stanford University may just add to that stress. 

Because climate change has led to more frequent weather events and more severe periods of precipitation, flooding has become a much more serious issue for many consumers. According to the researchers’ findings, flooding due to climate change has led to billions of dollars in damages in the last 30 years. 

“The fact that extreme precipitation has been increasing and will likely increase in the future is well known, but what effect that has had on financial damages has been uncertain,” said researcher Frances Davenport. “Our analysis allows us to isolate how much of those changes in precipitation translate to changes in the cost of flooding, both now and in the future.” 

Flood damage on the rise

The researchers’ goal was to determine whether rising flood damages were related to climate change or if there were other overriding socioeconomic factors that have come into play in recent years. They used existing economic models to compare climate change data, flood damages, and weather patterns between 1988 and 2017. 

“By bringing all those pieces together, this framework provides a novel quantification not only of how much historical changes in precipitation have contributed to the costs of flooding, but also how greenhouse gases influence the kind of precipitation events that cause the most damaging flood events,” said researcher Noah Diffenbaugh. 

The researchers found that over the last 30 years, flooding has yielded nearly $200 billion in related damages across the United States. They learned that climate change was directly linked to more than 35 percent of those costs, or roughly $75 billion in damages. The team explained that the severity of extreme weather events is mostly to blame in these cases, as flooding has only worsened as the weather has changed. 

“What we find is that, even in states where the long-term mean precipitation hasn’t changed, in most cases, the wettest events have intensified, increasing the financial damages relative to what would have occurred without the changes in precipitation,” said Davenport. 

This study points to just one area of significant cost that stems from climate change. Moving forward, the researchers hope that legislators can utilize these findings as the basis for serious climate-related policy change. Without changes, they believe flood damages will only surge higher as time goes on. 

“Accurately and comprehensively tallying the past and future costs of climate change is key to making good policy decisions,” said researcher Marshall Burke. “This work shows that past climate change has already cost the U.S. economy billions of dollars, just due to flood damages alone.” 



Posted: 2021-01-13 18:41:17

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Published: 22nd Jan 2021 11:00:14   By: Consumer Reports

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Published: 15th Jan 2021 11:00:03   By: Consumer Reports

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Published: 25th Dec 2020 05:00:01   By: Consumer Reports

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Published: 19th Nov 2020 10:15:13   By: EverydayDriver

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USB-C is more universally useful than Apple's klutz-proof power cable. Dan Ackerman explains why. Subscribe to CNET: https://www.youtube.com/user/CNETTV CNET playlists: https://www.youtube.com/user/CNETTV/playlists Download the new CNET app: https://cnet.app.link/GWuXq8ExzG Like us on Facebook: https://www.facebook.com/cnet Follow us on Twitter: https://www.twitter.com/cnet Follow us on Instagram: http://bit.ly/2icCYYm

Published: 22nd Jan 2021 01:00:11   By: CNET

Product Review Video: Galaxy S21 Ultra review: Nailed it


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The Galaxy S21 Ultra 5G had one job: Be better than last year’s Galaxy S20 Ultra. The Galaxy S21 Ultra, while just as bold, is a refined second take on the Ultra concept. There is still the 100 times “space zoom.” But it’s easier to use. There is still the “big for sake of being big” design, but it looks much more appealing. And there is still a high price, but at $1,200 it costs $200 less than the S20 Ultra. Subscribe to CNET: https://www.youtube.com/user/CNETTV CNET playlists: https://www.youtube.com/user/CNETTV/playlists Download the new CNET app: https://cnet.app.link/GWuXq8ExzG Like us on Facebook: https://www.facebook.com/cnet Follow us on Twitter: https://www.twitter.com/cnet Follow us on Instagram: http://bit.ly/2icCYYm

Published: 21st Jan 2021 04:00:20   By: CNET

FTC Video: Cómo evitar estafas de ingresos | Federal Trade Commission


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Aprenda a detectar propuestas de negocios, programas de asesoría y oportunidades de inversiones que son estafas y cómo evitarlas. Para aprender más visite https://ftc.gov/estafasdeingresos *********************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 14th Dec 2020 04:05:45   By: FTCvideos

FTC Video: How to Avoid Income Scams | Federal Trade Commission


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Learn about scams disguised as legitimate business offers, coaching programs, and investment opportunities and how to avoid them. Learn more at https://www.ftc.gov/incomescams. **************************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 14th Dec 2020 04:04:51   By: FTCvideos

FTC Video: Cómo Reportar Fraude en ReporteFraude.ftc.gov | Federal Trade Commission


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Este video demuestra cómo reportar fraude, estafas, y malas prácticas comerciales a la Comisión Federal de Comercio (Federal Trade Commission, FTC) en https://ReporteFraude.ftc.gov y por qué es importante hacerlo. ****************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 5th Nov 2020 03:59:43   By: FTCvideos

FTC Video: ¿Por qué reportar el fraude?


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Si piensas que viste una estafa, habla con alguien. Podrías ayudarle a alguien a evitar esa estafa. Y después, repórtalo a la Comisión Federal de Comercio en https://reportefraude.ftc.gov. Tu historia le podría ayudar a la FTC a parar a los estafadores. *************************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 22nd Oct 2020 02:45:32   By: FTCvideos

FTC Video: Why Report Fraud? | Federal Trade Commission


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If you think you see a scam, talk with someone. Your story could help someone avoid that scam. Then report it to the Federal Trade Commission at https://ReportFraud.ftc.gov. Your story could help the FTC stop the scammers. ****************************** Transcript: We all see scams. Even if we don't buy into one, we all get the calls, emails, and letters. Why are there so many? Well, scammers see us all as targets, so they keep trying to get our money or Social Security number or account numbers. And they're good at what they do. They know how to knock us off balance just long enough to take advantage. That's why we need a plan. So if you think you've spotted a scam, what do you do? First, tell somebody. The call or email might seem urgent, but slow down. Talk to a family member, friend, or neighbor. Tell them the story. Sometimes just saying it out loud helps. Maybe your friend got a similar message or knows someone who has. Or your story might just help your neighbor avoid that scam. Then tell the Federal Trade Commission. The FTC sues scammers and works to shut them down. When you report a scam to the FTC, investigators use your information to build cases against scammers. Other law enforcement agencies can see the reports, too, and use them to further their own investigations. Your story makes a difference. Every report is a piece of the puzzle that lets the FTC see the full picture of what scammers are doing and then stop them, because scammers don't scam just one person. But you could be the one person whose story tips the balance, stops someone from falling for the scam, or stops the scammer. So tell your story. As soon as you think you see a scam, talk with someone, and then tell the FTC. ****************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 22nd Oct 2020 01:08:11   By: FTCvideos

DIY Video: This Courtyard Makeover is FULL of Inspiring Ideas | HOME | Great Home Ideas


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Tara Dennis and Jason Hodges team up to turn a boring courtyard into a colourful space that's perfect for entertaining. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 26th Jan 2021 11:30:03   By: Great Home Ideas

DIY Video: How to Make a Table from Old Fence Palings | DIY | Great Home Ideas


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Adam Dovile shows you how to upcycle old fence palings to create a stunning dining table. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 25th Jan 2021 11:30:00   By: Great Home Ideas

DIY Video: How to Make Easy Bean Enchiladas | FOOD | Great Home Ideas


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Ed Halmagyi shares his recipe for healthy vegetarian bean enchiladas. Click here to subscribe: https://bit.ly/3hxN7d5 EASY BEAN ENCHILADAS Preparation time: 20 minutes Cooking time: 1 hour Serves: 4 INGREDIENTS 2 brown onions, finely diced 1 stick celery, finely diced 8 cloves garlic, minced ½ bunch thyme leaves, chopped 2 Tbsp extra virgin olive oil 2 Tbsp tomato paste 1 Tbsp smoked paprika 2 tsp ground cumin 1 tsp ground coriander seeds 400g diced tomatoes 2 cups vegetable stock 2 x 400g cans 4 bean mix, rinsed and drained 1 cup quinoa Sea-salt flakes and freshly-ground black pepper 8 small multigrain tortillas 2 cups tomato pasta sauce 2 cups grated cheddar cheese coriander leaves, hot sauce and sour cream, to serve METHOD 1 Preheat oven to 180C. Sauté the onions, celery, garlic and thyme in extra virgin olive oil in a large saucepan set over a medium heat for 5 minutes. Mix in the tomato paste and spices, cook for 1 minute. Add the tomatoes, stock, mixed beans and quinoa. Bring to a simmer, cook for 20 minutes. Fit the lid and stand for 10 minutes. Season with salt and pepper. 2 Divide the bean mix between tortillas down the centre of each. Roll up, then arrange, seam side down, in an oiled oven tray. Top with pasta sauce and cheese, then bake for 25 minutes, until the cheese is melted and golden. Scatter with coriander, sprinkle with hot sauce, and serve with sour cream. Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 24th Jan 2021 11:30:00   By: Great Home Ideas

DIY Video: FOUR Natural Cleaning Products You Can Make at Home | HOME | Great Home Ideas


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Tara Dennis shares four recipes for natural cleaning products: a furniture polish, anti-bacterial spray, all-purpose cleaner and fabric softener. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 23rd Jan 2021 11:30:00   By: Great Home Ideas

DIY Video: How to Grow Healthy and Beautiful Orchids | GARDEN | Great Home Ideas


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Graham Ross shares his top tips for growing orchids at home. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.

Published: 22nd Jan 2021 11:30:00   By: Great Home Ideas

Business Video: 3 Reasons Why U.S. Corn Prices Are Rising


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Corn futures are trading at their highest levels since 2013 as estimates of the U.S. harvest and reserve stocks of the grain are revised downward. Now, the attention of traders turns to whether the South American crop will bolster supplies. Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_econ&utm_content=more_insights "Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake"

Published: 26th Jan 2021 07:21:22   By: Bloomberg Markets and Finance

Business Video: Chat Forums Lit Up Before Blue Sphere Soared 451%


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Jan.26 -- An obscure penny stock by the name of Blue Sphere Corp. suddenly skyrocketed 451%, handing a windfall of some $30 million to those who had loaded up on the stock in the weeks before. Bloomberg's Sarah Ponczek has more on Bloomberg Quicktake "Take A Break."

Published: 26th Jan 2021 06:08:42   By: Bloomberg Markets and Finance

Business Video: Bitcoin’s Weakness Is Lacking Commodity Aspect of Gold: Juckes


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Jan.26 -- Kit Juckes, chief FX strategist at Societe Generale, says the world and central banks are going to move to digital money, but questions the role Bitcoin and cryptocurrencies will play in the move. He speaks on “Bloomberg Surveillance.”

Published: 26th Jan 2021 04:55:55   By: Bloomberg Markets and Finance

Business Video: Citi Doesn’t Expect International Cross-Border Banking M&A


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Jan.26 -- Ronit Ghose, global head of bank research at Citi, discusses the state of the European banking sector and his outlook cross-border consolidation and M&A within the industry. He speaks on “Bloomberg Surveillance.”

Published: 26th Jan 2021 04:55:52   By: Bloomberg Markets and Finance

Business Video: U.S. Needs to Aim for Israel’s Vaccination Pace: Johns Hopkins


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Jan.26 -- Dr. Amesh Adalja, Johns Hopkins Center for Health Security senior scholar, discusses U.S. vaccine distribution. He speaks on “Bloomberg Surveillance.” The Johns Hopkins Bloomberg School of Public Health is supported by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies.

Published: 26th Jan 2021 04:55:47   By: Bloomberg Markets and Finance



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