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[ad_1] Failure to stop business-as-usual global warming will deliver a severe economic blow to Southern states , a recent paper by the Federal Reserve Bank of Richmond finds. Remarkably, this ground-breaking study, “ Temperature and Growth ” concludes that “under the business-as-usual scenario, the projected trends in rising temperatures could depress U.S. economic growth by up to a third.” As the Wall Street Journal summed up the findings: “ Climate Change May Deeply Wound Long-Term U.S. Growth .” The study focused on the impact of high temperatures in productivity and found that rising temperatures have their biggest negative economic impact in the summer — but that it’s not just outdoor work like farming and construction that suffers. Using historical data, the authors showed that the finance, retail, and real estate sectors also get hit hard during the hottest summers. The authors note that a scenario of low CO2 emissions would sharply reduce the economic harm. But such a scen...

[ad_1] Failure to stop business-as-usual global warming will deliver a severe economic blow to Southern states , a recent paper by the Federal Reserve Bank of Richmond finds. Remarkably, this ground-breaking study, “ Temperature and Growth ” concludes that “under the business-as-usual scenario, the projected trends in rising temperatures could depress U.S. economic growth by up to a third.” As the Wall Street Journal summed up the findings: “ Climate Change May Deeply Wound Long-Term U.S. Growth .” The study focused on the impact of high temperatures in productivity and found that rising temperatures have their biggest negative economic impact in the summer — but that it’s not just outdoor work like farming and construction that suffers. Using historical data, the authors showed that the finance, retail, and real estate sectors also get hit hard during the hottest summers. The authors note that a scenario of low CO2 emissions would sharply reduce the economic harm. But such a scen...

[ad_1] While several current and former officials said they had not heard the chief of staff call his boss “an idiot,” as NBC News reported on Monday, many said that Mr. Kelly had given the impression over many months that he did not hold the president in high regard. He speaks as if he sees himself as the lone bulwark against potentially dangerous decisions by the commander in chief, they say. And whether he used the word or not, they added, the story itself could serve to accelerate his departure. Yet Mr. Trump, always averse to confrontation, has continued to keep Mr. Kelly in his role, while increasingly steering around him on matters large and small. One person close to the White House said that it will be up to Mr. Kelly to end his tenure, since Mr. Trump knows how damaging it would be to dismiss a four-star Marine general. The result is that Mr. Kelly now finds himself in the position where several others who have worked for Mr. Trump have landed: aware that their jobs h...