In reviewing the current tone of meetings of the Fed Reserve, Ms. Yellen, its chairwoman, added yet another reason for the lack-lustre performance of the US-GDP: the costs to the economy of climate change.
She mused, the crumbling of the US infrastructure, particularly, bridges and roads, due to a marked increase in floods and the need for repairs of many river levees are just indicators of the effects in our climate, as floral carbons collect above the earth's surface at alarming speeds. This, addition to, automation and worker homogenization.
Of course, in years ahead, Europe will suffer even more as the ice caps melt, sending a spectacular rise in the seas.
And, we are depending on the Army Corps of Engineers to protect our shores. Can they do it alone?
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