Real estate, risks, & economics: links for May 3, 2019

Video: UK Parliament Endorses Jeremy Corbyn’s Call for a Climate Emergency Declaration

Corbyn: “Are we content to hand down a broken planet to our children? That is the question members must ask themselves today. We have the chance to act before it’s too late. It’s a chance that won’t be available to succeeding generations. It is our historic duty to take it.” We publish Corbyn’s full speech calling for the declaration.

A city in southern Germany has become the first in the country to declare a “climate emergency,” following similar moves in Canada, Britain and Switzerland.

Southern German city declares ‘climate emergency’

The World Bank has increased emergency support for the three southern African countries affected by a devastating cyclone that killed hundreds in March to $700 million, the lender said on Friday.

More than 1,000 people were killed across Mozambique, Zimbabwe and Malawi after Cyclone Idai, the worst cyclone in decades, lashed the eastern Indian Ocean coast bringing heavy winds and rains.

World Banks scales up support for Cyclone Idai hit nations to $700 million

Around 1.2 million people were evacuated from low-lying areas of Odisha and moved to nearly 4,000 shelters, according to India’s National Disaster Response Force.

Strong cyclone lashes India, forces 1.2 million from homes

Three people died in the April 18 storms and state officials plan to seek federal disaster aid.

Mississippi has seen 76 tornadoes so far in 2019.

April 18 Mississippi Tornado Outbreak Ties State’s One-Day Record

… the study, published today in the journal Science, tests and strongly supports the hypothesis that fluid injections are causing potentially damaging earthquakes further afield by the slow slip of pre-existing fault fracture networks, in domino-like fashion.

Study Suggests Earthquakes are Triggered Well Beyond Fluid Injection Zones

Last year had the worst blue-green algae bloom in Florida history, an Ocean Conservancy report said earlier this year. That was coupled with a devastating red tide outbreak along the state’s beaches that caused respiratory irritations in people and killed sea turtles, manatees, dolphins and fish. It was one of Florida’s largest red tide blooms in its recorded history lasting 15 months.

Florida Forms Task Force, Commits $3M to Study Toxic Algae Blooms

Busy Wildfire Season Along West Coast: Forecast



The unemployment rate declined by 0.2 percentage point to 3.6 percent in April, the lowest rate since December 1969.

The labor force participation rate declined by 0.2 percentage point to 62.8 percent in April but was unchanged from a year earlier.

… average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.77. Over the year, average hourly earnings have increased by 3.2 percent.

The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.4 hours in April.

The change in total nonfarm payroll employment for February was revised up from +33,000 to +56,000, and the change for March was revised down from +196,000 to +189,000. With these revisions, employment gains in February and March combined were 16,000 more than previously reported.

April reached a new record Arctic low sea ice extent. Sea ice loss was rapid in the beginning of the month because of declines in the Sea of Okhotsk. The rate of ice loss slowed after early April, due in part to gains in extent in the Bering and Barents Seas. However, daily ice extent remained at record low levels throughout the month.

Rapid ice loss in early April leads to new record low