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Future hurricane seasons might start earlier, but not because of climate change

Future hurricane seasons might start earlier, but not because of climate change
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Monroe County Commissioner Forster wants to give cities more say on COVID, emergencies

Court Plunges Into Puerto Rico Defaults That Put Bond Market on Edge

The industry warns that bait-and-switch tactics could endanger trillions of dollars in debt and push local governments “off the precipice.” Remnants of a city sign lay on the beach damaged by Tropical Storm Laura in Salinas, Puerto Rico, on Aug. 22, 2020. (AP Photo/Carlos Giusti) BOSTON (CN) In a pair of cases that could send shockwaves through the multitrillion-dollar municipal bond market and dramatically increase borrowing costs for governments at all levels, the First Circuit heard arguments Thursday on whether Puerto Rico bondholders could collect on collateral for almost $4 billion worth of defaulted loans.  Puerto Rico and other parties that want the money claim the security interest of the bondholders is worthless, despite the common industry assumption that similar bonds are backed by an underlying revenue stream. 

Texas coast uses Christmas trees to rebuild dunes

Texas coast uses Christmas trees to rebuild dunes AFP, SURFSIDE BEACH, Texas Toni Capretta stood on a patch of Texas’ Gulf coast where just seven months earlier the dunes were nearly her height. Now they are gone. Her town of Surfside Beach comes alive during the summer months, when Texans flock to the coast, but the landscape’s saving grace is straight out of a winter wonderland: the beloved Christmas tree. The recycled evergreens are used to construct new dune barriers to protect the sensitive area from the ravages of powerful storms. Recycled Christmas trees lie on a beach in Surfside Beach, Texas, on Jan. 16.

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