World Markets Admit Global Warming Affecting All Economies

posted by Ida B. Wells IV @ 16:52 PM
February 4, 2014

US-WEATHER-SNOW-MA    It may be happening drip by drip, but some economists finally admit that Global Warming contributes to international market declines. Lost work hours, school and shopping days––and most important lost lives––mean climate disruption is gradually shutting down world financial markets.

Fiona Harvey of the guardian.com insists:  “The country may be warming up from the polar vortex, but the bone-chilling cold, snow and ice that gripped much of the country – affecting about 200 million people––brought about the biggest economic disruption delivered by the weather since super-storm Sandy in 2012.”  And it is well-proven that Global Warming caused Hurricane Sandy.

Evan Gold, senior vice-president at Planalytics, a business weather intelligence company told Harvey about the frigid cold: “There’s a lot of economic activity that didn’t happen,” Gold said. “Some of that will be made up but some of it just gets lost.  It’s a small fraction of a percent, but it’s still an impact.”

The Economic Collapse avers: “Last month, new manufacturing orders in the U.S. declined at the fastest pace that we have seen since December 1980. . . vehicles sales for Ford were down 7.5 % and . . . for GM were down 12 %.  Both companies are blaming bad weather. . . .If our economic troubles continue to mount, could we be facing a global ‘financial avalanche’ fairly quickly?”

In an article last fall, Harvey, guardian.com environment correspondent, revealed:  “Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than $1.2 trillion, wiping 1.6% annually from global GDP, . . Air pollution caused by the use of fossil fuels is also separately contributing to the deaths of at least 4.5m people a year.”

She quoted from ‘Climate Vulnerability Monitor: A Guide to the Cold Calculus of A Hot Planet’ by the DARA group and the Climate Vulnerable Forum, which estimates poorer nations will soon lose 4% of GDP, while the U.S. could lose 2% of GDP and China will lose $ 1.2 trillion by 2030:

“While many governments have taken the view that climate change is a long-term problem, . . .a growing body of opinion that the effects are already being felt. . . . melting [Arctic sea ice] could be linked to cold, dull and rainy summers in parts of Europe––such as has been the predominant summer weather in the UK for the last six years. In global-warming-record-temperaturesthe US, this year’s severe drought has raised food prices and in India the disruption to the monsoon has caused widespread damage to farmers.”

In climatehotmap.org, the Union of Concerned Scientists summarize economic consequences of Global Warming. More than residential and commercial property and road and infrastructure damage, lost productivity will mean:

“Disruptions in daily life related to climate change can mean lost work and school days and harm trade, transportation, agriculture, fisheries, energy production, and tourism. Severe rainfall events and snowstorms can delay planting and harvesting, cause power outages, snarl traffic, delay air travel, and otherwise make it difficult for people to go about their daily business.”

In online Bible lessons, Apostle Paul prays:  “The eyes of your understanding being enlightened; that ye may know what is the hope of His calling . . . (Ephesians 1: 18).”  Let us pray with him that we will soon understand the tremendous cost of Global Warming in time enough to do something about it!

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