Tuesday, 24 October, 2017

Economic Hit From Harvey, Irma Could Reach $200 Billion

Another big hurricane raises stakes for heart patient Another big hurricane raises stakes for heart patient
Howard Terry | 13 September, 2017, 00:22

Its estimated cost of damages was $70.2 billion. As Harvey and Irma demonstrate, doing nothing on climate change is a radically risky choice, one that comes with a price tag no one is happy to pay.

Observers said it would refill depleted emergency accounts, as the state of Florida is bracing for Hurricane Irma which is even more powerful, and Texas is picking up the pieces after the devastation of Harvey.

For the first time in 166 years of weather records, two Atlantic Category 4 hurricanes have made landfall in the United States during the same year. The country averaged fewer than six big-dollar storms, flood, fires and freezes a year between 1980 and 2016, according to the National Oceanic and Atmospheric Administration.

In 2012, Trump referred to climate change as a "myth" propagated by the Chinese, and campaigned for President on withdrawing from the Paris Accords, a pledge he followed through on in June, when he announced that the U.S.

Hurricane Irma, expected to hit Florida this weekend, isn't expected to have any impact on gasoline prices nationally, Laducer said.

To combat storm damage, President Trump signed a $15.3 billion disaster relief package into law Friday that will suspend the US borrowing limit and extend the National Flood Insurance Program through December 8, 2017. The American Red Cross and many other groups also are collecting donations. Sandy caused at least 159 deaths and its impact on some of the major populated areas caused widespread interruption to water and electrical services.

The winds for a Category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale range from 130 miles per hour to 156 miles per hour.

While Hurricane Harvey gave the most attention its attention to Texas, the whole nation may feel affects from the disaster in the form of a temporary hike in gas pricing. Hurricane Katrina, which overwhelmed much of New Orleans, brought between $108 and $250 billion in damage to the region.

AccuWeather founder Dr. Joel Myers detailed the historic impact of the hurricanes, which are reportedly the first pair of Category 4 or higher storms to strike the USA mainland in the same season.

Hurricane Rita struck the U.S. Gulf coast at the Texas-Louisiana border on September 24, 2005, within a few days after the devastating Hurricane Katrina pummelled through the same region.

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