Home · News · News Sep 2018 · Sep 12 2018
Wednesday September 12, 2018

Hurricane Florence to cause "catastrophic" damage in Carolinas
Axios | Andrew Freedman | 09/12/18

Hurricane Florence continues to churn menacingly toward the Carolina coastline -- about two days away from coming very close to landfall in North Carolina. The storm will be capable of causing extreme damage, and will deliver a deadly one-two punch of coastal impacts from storm surge flooding and high winds, along with an inland deluge that will turn farms and communities into a virtual extension of the Atlantic.

The big picture: The odds that Florence will hit the brakes as it nears the coast have increased, and while this could lower the storm's peak winds at landfall, it will only mean a different set of deadly impacts. The storm surge flooding from a massive storm with an unusually large wind field and slow forward speed, along with freshwater inland flooding from a staggering amount of rain -- up to 3 feet in some areas, are the leading threats to pay attention to. ...

... The official forecast from the National Hurricane Center now calls for Hurricane Florence to make landfall as a Category 3 storm near Wilmington, North Carolina on Friday, walloping the coast with a record high storm surge. Its approach will be agonizingly slow due to the temporary buildup of a high pressure area to the storm's northwest, and this will allow the storm surge flooding to build over multiple high tide cycles. ... Read more

*The ties between Hurricane Florence and climate change
Axios | Andrew Freedman | 09/12/18

Hurricane Florence is a unique Atlantic hurricane, projected to stall out after hitting land and forecast to dump upwards of 2 feet of rain on several states, much like Hurricane Harvey did in Texas last year.

The big picture: There are several characteristics of the changing climate that are helping to increase the risks of damage from Hurricane Florence, even though global warming is not directly causing such a storm to spin up. ... Read more

New video of Hurricane Florence's massive eyewall | CNN | 09/11/18 | 10:05
Why a storm surge can be the deadliest part of a hurricane | Vox | 09/09/17 | 4:00

*The Great Recession's great hangover
WashingtonPost | Kate Rabinowitz and Youjin Shin | 09/12/18

The financial crisis and Great Recession had their roots in American homeownership. Successive presidents from both parties had encouraged more people to attain the American Dream of owning a home.

As housing prices rose -- and Wall Street found ways to enable riskier loans -- Americans' wealth climbed too, hitting a peak in 2007. But then the financial crisis and Great Recession hit, devastating Wall Street and causing financial upheaval for tens of millions of Americans. Even as the worst days waned, the crisis and recession profoundly shaped the decade that followed. ... GOOD Graphics, Read more

Trump's assault on Woodward riddled with contradictions
Politico | Annie Karni | 09/10/18

The president has slammed Woodward's book as 'fiction' -- even as he rails against former aides for leaking.

President Donald Trump has called journalist Bob Woodward's book on his administration a work of "fiction" and a "scam," claiming that quotes in the book are "made up" and that the author is a "liar."

At the same time, sources familiar with his thinking said he is livid at his former economic adviser, Gary Cohn, and his former staff secretary, Rob Porter, for "leaking" to Woodward.

It's difficult to rationally argue that the book could be both: fiction dreamed up by Woodward, and a betrayal by former top stewards of the administration, who shared with the famed journalist alarming details about how the White House functions. But it's not hard for Trump, who often spouts two opposing views intended for different audiences. And his supporters often soak up the contradictory claims just as readily as he spits them out, taking it all in stride. ... Read more

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Democracy Now! U.S. and World News Headlines for Wednesday, September 12 [7:23]
Climate Change Supercharges Hurricane Florence as 1.5 Million Evacuate in Carolinas & Virginia | DN | 09/11/18 | 20:32
Democracy Now! U.S. and World News Headlines for Wednesday, September 12 (FULL) | 59:02
Note: on the full 59:02 video look for small white (or black) circles on the Progressbar they denote the different news stories. You can move the pointer on the Progressbar to jump to each story, and around the video.
  1. Headlines
  2. A New Form of Slavery? Meet Incarcerated Firefighters Battling California's Wildfires For $1 An Hour
  3. Amika Mota Fought Fires as a Prisoner For 53 Cents/Hour. Now Free, She Can't Work as a Firefighter
  4. Death on the Dakota Access: Oil & Gas Boom Generates Dangerous Pipeline Jobs Amid Lax Regulations
Are Warnings About Chemical Warfare in Syria Another 'Weapon of Mass Distraction'? | TRNN | 09/11/18 | 16:08
Trump Abandons All Pretense of Being a 'Fair Broker' in the Israel-Palestinian Conflict | TRNN | 09/11/18 | 8:58
The Economy Under Trump: Business Optimism Combined with Inequality | TRNN | 09/12/18 | 12:34
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As Hurricanes Approach Trump Caught Taking Money From FEMA To Give To ICE | TYT | 09/11/18 | 9:09
The1a.org
*The Great Recession, Ten Years Later | 1a.org | 09/12/18 | 1hr
Ten years ago, Lehman Brothers financial services filed for bankruptcy, fueling a crisis that shook confidence in Wall Street and causing the housing market to explode.

There's evidence to suggest we're in the midst of a steady recovery, but many Americans are still dealing with the fallout.

According to a survey from the Transamerica Center for Retirement, nearly six out of 10 workers say they have not fully recovered from the Great Recession. Seven percent says they might never recover.

Greg Ip of The Wall Street Journal shares his view on how the financial crisis has rocked the consumer ethos:
The failure of Lehman Brothers exposed how cavalier the world had been toward risk. Households had bought homes they thought could never go down in price, banks had made loans they thought would never default and repackaged them into securities to make them seem riskless and governments, convinced depressions were a thing of the past, had stood by.

Since then, they have sought to ensure it never happens again. And thus, the world has retreated from risk. That retreat has reshaped institutions, regulations and attitudes, and in the process the economy: it is why economic growth has been so durable yet so muted, with less of the risk-taking that both drives booms and busts and raises long-run growth.

With time, even the deepest traumas wear off, and there are signs that risk-taking is returning, though in different forms from before. What remains unclear is whether it paves the way for years more of stable, crisis-free growth, or yet another bust.
Breaking: President Trump Admin Took Millions From FEMA For ICE Detentions | Rachel Maddow | MSNBC | 09/11/18 | 9:35
Bob Woodward: People Closest To President Donald Trump Don't Trust Him | Morning Joe | MSNBC | 09/12/18 | 15:14
Bob Woodward: I Didn't Use Off The Record Conversations | Morning Joe | MSNBC | 09/12/18 | 14:30
Ken Starr On Bill Clinton, Why A POTUS Can Be Indicted | Morning Joe | MSNBC | 09/12/18 | 12:13
Paul Manafort Could To Take A Deal. So What Does That Mean For Donald Trump? | The 11th Hour | MSNBC | 09/11/18 | 5:16
The Late Show with Stephen Colbert
Late Show Is Tracking Two Very Different Storms | Stephen Colbert | 09/12/18 | 4:01
The Late Show with Stephen Colbert
Donald Trump Is Really Bad at 9/11 | The Daily Show | 09/11/18 | 6:32
Late Night with Seth Meyers
Lie Detectors in the White House, Hurricane Florence | Seth Meyers | 09/12/18 | 4:10

09.12.2018. 10:14



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