Drought

National news

Stranded houseboats and grounded cruise ships: Europe’s rivers are shrinking amid heat and drought

Houseboats lie perched on desiccated riverbeds, receding water levels have left wide stretches of newly exposed riverbank and the shipping sector is bracing for trouble. The low-lying Netherlands is used to grappling with too much water; now it’s struggling with too little. On Thursday, the country declared an official water shortage, raising its national drought…

dody199608 mins

Stranded houseboats and grounded cruise ships: Europe’s rivers are shrinking amid heat and drought

Economy

2 months ago

Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis

Warnings from the Bank of International Settlements, even though written in dry economese, are worth heeding. It was the BIS, specifically Willam White and Claudio Borio, who identified dangerously elevated housing prices in many markets. Alan Greenspan pooh poohed their concerns. Better credentialed economist similarly dismissed White and Borio because all they had was empirical…

dody199609 mins