Midwest's Drought-Busting Rains Shift Farm-Economy Prospects
Torrential downpours across a broad swath of the Midwest this week are easing the worst drought in more than 50 years, changing the outlook for the American farm economy.
Torrential downpours across a broad swath of the Midwest this week are easing the worst drought in more than 50 years, changing the outlook for the American farm economy.
Faced with EPA orders to reduce stormwater runoff into the Chesapeake Bay, Maryland has required its 10 largest counties to institute a so-called rain tax on property owners.
At times, 2011 has felt like a parade of natural disasters: Earthquakes and tornadoes and floods, oh my! But wait, there are more coming. Hurricane season has just begun, and the forecasts for 2011 aren't pretty. Before the next one hits, we look back at the nation's 10 costliest hurricanes.
It's hard to fathom that something as mundane as weather could affect employment statistics. But it clearly does. And it also has big impact on how much work actually gets done. And beyond the snows of winter, there's distractions like the Super Bowl that keep worker from their duties.
The storms last month not only inconvenienced travelers; they also cut into Delta Air Lines's profit, the company warned Wednesday. Delta has lowered its profit guidance by $45 million as a result.
As ski areas in the West begin to open, a still-struggling economy and variable weather patterns could adversely affect America's multi-billion-dollar ski industry this season.
Tornadoes, floods, severe weather: It's shaping up to be another bad year on the natural disaster front, and that could place increased pressure on the U.S. insurance industry.







