Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Deep freeze may have cost US economy about $5 billion
AP via Fort Wayne News Sentinel ^ | January 9, 2014 | Steve Karnowski

Posted on 01/10/2014 4:33:45 AM PST by John W

MINNEAPOLIS — Hunkering down at home rather than going to work, canceling thousands of flights and repairing burst pipes from the Midwest to the Southeast has its price. By one estimate, about $5 billion.

The country may be warming up from the polar vortex, but the bone-chilling cold, snow and ice that gripped much of the country — affecting about 200 million people — brought about the biggest economic disruption delivered by the weather since Superstorm Sandy in 2012, said Evan Gold, senior vice president at Planalytics, a business weather intelligence company in suburban Philadelphia.

While the impact came nowhere close to Sandy, which caused an estimated $65 billion in property damage alone, the deep freeze's impact came from its breadth.

"There's a lot of economic activity that didn't happen," Gold said. "Some of that will be made up but some of it just gets lost."

(Excerpt) Read more at news-sentinel.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: globalcooling

1 posted on 01/10/2014 4:33:45 AM PST by John W
[ Post Reply | Private Reply | View Replies]

To: John W

What about crop damage? Wheat is a winter crop. (except for spring wheat up in MT & WY)


2 posted on 01/10/2014 4:40:04 AM PST by Texas Fossil
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Great news. Now we can say global warming is good for the economy and tell the greenies and the EPA to pound sand.


3 posted on 01/10/2014 4:41:04 AM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Oh, Please!! I’m tired of this nonsense.


4 posted on 01/10/2014 4:41:51 AM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Wouldn’t it be good for the plumbers, the tree trimmers, the guys with snow plows on their pick-ups?


5 posted on 01/10/2014 4:44:31 AM PST by a.c.t.32
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

The custodians of the public exchange of opinions speak of the “cost” of these crisis situations, but it is not really a “cost”, it is a deferment of revenue, as the activity resumes soon after the end of the crisis.

If allowed to. Sometimes the “crisis” is used for the excuse to foreclose on any meaningful attempt to recover and improve the situation to what existed before, and the same things that contributed to the original failure are kept in place or made even more likely to repeat the dangerous circumstances.

Almost as if the issue were more important than its resolution.


6 posted on 01/10/2014 4:48:14 AM PST by alloysteel (Those who deny natural climate change are forever doomed to stupidity. AGW is a LIE.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

There are a lot of temporaries in this situation. The majority gets made up. I didn’t go to the store for two days. But I made it up yesterday. Filled up my car, too.


7 posted on 01/10/2014 4:48:37 AM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Texas Fossil

Cold temps are generally more damaging to wheat late in the growing cycle as the head is being formed in the stalk. This event should have minimal effect.


8 posted on 01/10/2014 4:53:22 AM PST by T-Bird45 (It feels like the seventies, and it shouldn't.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: T-Bird45

That is true, generally.

But if ground moisture is low, the extreme cold can destroy the stand of young wheat. I can see the affect here.


9 posted on 01/10/2014 5:04:32 AM PST by Texas Fossil
[ Post Reply | Private Reply | To 8 | View Replies]

To: John W

Obama has single handily cost the U.S. economy more than many, many “big freezes”.


10 posted on 01/10/2014 5:14:52 AM PST by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Joe Bastardi found 14 polar “vortex” examples since 1977, and posted two. How did we ever recover form those?!


11 posted on 01/10/2014 5:28:39 AM PST by Excellence (All your database are belong to us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

If the deep freeze caused $5 billion. Imagine what O’Beelzebub has cost us so far after 5 years.


12 posted on 01/10/2014 5:34:09 AM PST by Old Yeller ( Salvation is by grace through faith in the completed work of Jesus.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Conspiracy Guy

“Great news. Now we can say global warming is good for the economy and tell the greenies and the EPA to pound sand.”

We always knew that. A warmer climate with a higher level of CO2 is great for plants, including crops. More land would become arable, and there would be more food produced.

It’s the greenies who don’t get it, but, we always knew that, too.


13 posted on 01/10/2014 5:41:28 AM PST by Daveinyork (IER)
[ Post Reply | Private Reply | To 3 | View Replies]

To: John W

I would especially want to hear what Hillary Clinton has to say about this issue.


14 posted on 01/10/2014 6:20:11 AM PST by Cruz_West_Paul2016
[ Post Reply | Private Reply | To 1 | View Replies]

To: alloysteel
Your post #6 is brilliant logic and makes perfect sense.

Unfortunately far too many folks are busy with their "bread & circuses" to comprehend your point.

15 posted on 01/10/2014 6:29:55 AM PST by VideoDoctor
[ Post Reply | Private Reply | To 6 | View Replies]

To: Daveinyork

I know we knew but now they admit cold is bad. So now they are trapped.


16 posted on 01/10/2014 10:08:08 AM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
[ Post Reply | Private Reply | To 13 | View Replies]

To: John W
Seems like every time it's too cold, or too hot, or too rainy, or too snowy, we see another article about how much the economy has taken a hit. Apparently, the American economy can only function properly within a narrow range of mild weather.

I suggest we relocate the entire economy to someplace where it's always spring-like, such as San Diego or Honolulu, and watch it go gangbusters!
17 posted on 01/10/2014 10:24:44 AM PST by bus man (Loose Lips Sink Ships)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Conspiracy Guy

“So now they are trapped.”

I doubt it.


18 posted on 01/10/2014 11:18:47 AM PST by Daveinyork (IER)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Daveinyork

It’s called humor. But the media or RINO’s won’t call them out. Therefore no really trapped.


19 posted on 01/10/2014 4:05:11 PM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Conspiracy Guy

I missed your pun the first time around.


20 posted on 01/11/2014 5:23:39 AM PST by Daveinyork (IER)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Daveinyork

Not a problem. I wasn’t very precise. I tend to be esoteric.


21 posted on 01/11/2014 6:12:34 AM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
[ Post Reply | Private Reply | To 20 | View Replies]

To: John W

To be a really good AP writer, it s helpful to have a genetic condition that produces long curly butt hairs.

This writer is such a person. When tasked with a report, he goes into the bathroom and extracts one of the wild butt hairs and prints it


22 posted on 01/11/2014 6:16:20 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson