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A new report from the First Street Foundation released Wednesday has found that 39 million U.S. properties are overvalued because damage risks from climate change as a result of flooding, hurricanes, and wildfires ““have yet to be reflected in the insurance premiums.” The largest percentage of those properties—60%—are coastal properties at risk from hurricanes, 30% are vulnerable to flooding, and 10% are in wildfire zones. At ClimateWire,Thomas Frank writes (paywall): The foundation’s latest report, “The Climate Insurance Bubble,” says the properties are “likely overvalued due to the underpricing or subsidization of climate risk in their insurance.” “It has the potential to impact property values… [...]
During her first broadcast after taking over as host of NBC’s venerable Sunday gab show “Meet the Press,” enemy of democracy Kristen Welker interviewed Donald Trump for some inane reason and asked him if he worries about going to prison when he lies in bed at night. And if new reports are accurate, like nearly every other answer he gave during that interview, his signature “sir story” response was a lie. “I don't even think about it,” Trump replied. “I'm built a little differently I guess, because I have had people come up to me and say, 'How do you do it, sir? How do you… [...]
What can be said about Texas Sen. Ted Cruz that hasn’t been illustrated by the character of Renfield in Bram Stoker’s “Dracula”? The Lose Cruz PAC wants you to know that Cruz has a podcast he won't shut up about. If you’re unfamiliar with his podcast, it’s an outlet for the insufferable Cruz to say things like nominating a Black woman to the Supreme Court amounts to reverse racism. The Lose Cruz PAC has put together a supercut of Cruz’s relentless promotion of his podcast. Released on Wednesday, with the title “Ted Cruz: part-time senator, full-time grifter,” the video shows… [...]
Following House Speaker Kevin McCarthy’s second stunning defeat in just three days, he cried “uncle,” calling it quits for the day. There reportedly weren’t enough votes for the House to officially adjourn, possibly because some Republicans apparently didn’t want to hang around just to vote to leave. xHouse Rs telling me some members have already caught flights out of DC today https://t.co/ztKqHP9vK6— Olivia Beavers (@Olivia_Beavers) September 21, 2023 That’s how seriously they take McCarthy, who declared on Monday, “I’ve told all of Congress you’re not going to go home. We’re going to continue to work through this.” On Wednesday, he… [...]