Texas ranked worst state to live in the US, see where other states stand

USA Today

Texas ranked worst state to live in the US, see where other states stand

Amethyst Martinez and Isabelle Butera – July 19, 2023

How does life in your state compare to the rest of America?

CNBC released its rankings of the best and worst states to live in the United States last week.

Its rankings come from the network’s yearly research on the best states for business in 2023. One of the 10 criteria for the list is Life, Health & Inclusion, from which CNBC determines the best and worst states to live.

CNBC allots 350 possible points to each state, measuring categories such as per capita crime rates, environmental quality, health care and worker protections.

The research also examines anti-discrimination laws, voting rights and access to childcare. Surveys indicate a large percentage of women consider reproductive rights in deciding where they are willing to live and work, so CNBC includes abortion laws in this category.

In an aerial vies, buildings in the Dallas skyline are illuminated in blue Thursday, April 9, 2020. Cities and buildings across the nation were lighted in blue to show support for those fighting COVID-19. (Smiley N. Pool/The Dallas Morning News via AP) ORG XMIT: TXDAM321
In an aerial vies, buildings in the Dallas skyline are illuminated in blue Thursday, April 9, 2020. Cities and buildings across the nation were lighted in blue to show support for those fighting COVID-19. (Smiley N. Pool/The Dallas Morning News via AP) ORG XMIT: TXDAM321
Texas ranked the worst state to live in the US

Texas has received the number one spot on a not-so-pleasant list: The top 10 worst places in America to live and work in 2023.

While Texas landed at number six on CNBC’s yearly America’s Top States for Business study, the state scored significantly low in one category: Life, Health & Inclusion. Factors in this category include:

  • crime rates
  • environmental quality
  • health care
  • quality and availability of childcare
  • inclusiveness in state laws such as reproductive rights, protections against discrimination and voting rights.

Texas received 53 out of 350 points for its 2023 Life, Health & Inclusion score, giving it an F in its Top States grade and the lowest nationwide, securing its number one spot on the list.

CNBC did mention the boom in economic opportunity across the state. In the overall Top States for Business study, Texas received sixth place, with North Carolina taking the number one spot.

Top 10 worst states to live and work

The rest of the states that landed on the top 10 worst states to live and work for 2023 were:

  1. Texas
  2. Oklahoma
  3. Louisiana
  4. South Carolina and Alabama (tie)
  5. Missouri
  6. Indiana
  7. Tennessee
  8. Arkansas
  9. Florida
Vermont ranked the best state to live in the US

By contrast, Vermont won the acclaimed spot of the best place to live. Residents are statistically more stress-free and healthy. With the beautiful Green Mountains, Vermont offers the best air quality in the United States. The state provides the most accessible childcare, broad anti-discrimination protections and easy access to voting.

CNBC gave Vermont an A+ in Life, Health and Inclusion. The state’s largest weakness is worker protections, which are less stringent compared to some other states.

Top 10 best states to live and work
  1. Vermont
  2. Maine
  3. New Jersey
  4. Minnesota
  5. Hawaii
  6. Oregon
  7. Washington
  8. Massachusetts and  Colorado (tie)
  9. Connecticut
America’s top states for Business

CNBC examines on 86 metrics in 10 broad categories of business competitiveness when assigning its rankings. The research examines the workforce, infrastructure, cost of doing business, state laws and education, among other criteria.

Here is CNBC’s ranking for 2023.

  1. North Carolina
  2. Virginia
  3. Tennessee
  4. Georgia
  5. Minnesota
  6. Texas
  7. Washington
  8. Florida
  9. Utah
  10. Michigan

Heat wave hack: Cool your body in seconds using your pulse points

USA Today

Heat wave hack: Cool your body in seconds using your pulse points

 Maryal Miller Carter, USA TODAY – July 19, 2023

Hydration is essential for avoiding heat stress, but when summer fun hits, it can be easy to overheat despite our best efforts. Luckily, there’s a handy trick that can help quickly cool your body when the heat gets the best of you. The secret is applying something cold to pulse points. This simple technique can do wonders to lower body temperature quickly when you’re feeling overheated, have a fever, or experiencing a heat-related illness. These pulse points are your body’s “cooling spots” and they’re like little built-in air conditioners. In these areas, blood vessels are close to the surface of the skin. When cold is applied, the blood vessels constrict, reducing blood flow and providing instant relief from heat-related discomfort. Here’s a rundown of where to find those cooling spots and how to quickly cool down your body using pulse points.

Watch the video above to learn how to quickly cool down your body using pulse points.

How to cool body down using pulse points
  • Find a pulse point on your body. Your body’s pulse points include:
    • The carotid artery in the neck.
    • The radial artery on the thumb side of the wrist.
    • The popliteal artery behind the knee.
    • The femoral artery in the groin, just above the crease where the thigh meets the abdomen.
    • The brachial artery, inside the elbow where the bicep meets the forearm.
    • The temporal artery on the side of the head, just above the temple.
    • The dorsalis pedis artery on the top of the foot.
    • The posterior tibial artery on the inner ankle.
  • Apply a cold compress or ice pack to one or all of the pulse points for 10-15 minutes. For best results, apply the cold compress or ice pack directly to the skin. If applying directly to the skin is uncomfortably cold, wrap the cold compress or ice pack in a towel to protect the skin.
  • You can also run cool water over the pulse points or take a cool shower. If taking a cold shower, start with your feet and work your way up to your head. This allows you to gradually acclimate your body to the cold water, which can help to prevent a sudden drop in blood pressure.
    • Avoid taking a cold shower if you have a heart condition or high blood pressure. The cold water can constrict the blood vessels, which can lead to a decrease in blood flow to the heart.
  • If feeling lightheaded or dizzy, simply stop and rest.
Heat stroke prevention tips

To prevent heat-related illnesses like heat stroke, it’s important to know how to prepare your body for hot weather. Here are some additional tips to stay cool and avoid heat stroke when the weather’s hot.

  • Stay cool from the inside out and drink plenty of fluids, which could include electrolyte-rich beverages.
  • Make a DIY cooling mist by filling a spray bottle with water and a few drops of refreshing essential oil like peppermint or eucalyptus. Spritz it on your face or body for an instant cooling sensation.
  • Wear loose-fitting clothing.
  • Practice deep breathing exercises, like inhaling slowly through your nose and exhaling through your mouth, to activate your body’s natural cooling response.
  • When the weather’s hot, choose a cool, shaded, well-ventilated environment.
  • Limit physical activity.

DeSantis has boasted about people flocking to Florida, but the transplants have helped the state reach inflation levels that are twice as high as the national average

Insider

DeSantis has boasted about people flocking to Florida, but the transplants have helped the state reach inflation levels that are twice as high as the national average

Kelsey Vlamis – July 18, 2023

An aerial view of Coconut Grove, Florida.
Coconut Grove, a neighborhood in Miami, Florida.Demetrius Theune/Getty Images
  • Florida was the fastest-growing state in 2022, but inflation is also booming there.
  • Miami-Ft. Lauderdale-West Palm Beach had the highest inflation of any large metro area in April.
  • High inflation and home insurance prices are among the costs that transplants may not anticipate.

Florida is hot.

It’s currently experiencing the scorching heat impacting many US states and for years it’s been among the hottest places to move.

But it’s also become a hotspot for inflation.

Some areas of the Sunshine State face the highest inflation rates in the US, even more than twice as high as the national average, which hit 3% in June, the lowest since early 2021.

The Miami-Ft. Lauderdale-West Palm Beach metro area had a rate of 9% for the year that ended in April, according to the Consumer Price Index. It was the highest rate of any metro area with more than 2.5 million residents. The area’s inflation rate was also high for the year that ended in June, at 6.9%. Another Florida metro area, Tampa-St. Petersburg-Clearwater, had an inflation rate of 7.3% for the year that ended in May.

Florida Gov. Ron DeSantis has blasted President Joe Biden over inflation.

He has also bragged that leftist ideologies in other states have pushed people away and driven them to Florida, but the state in part has its recent transplants to thank for the rising prices.

Amanda Phalin, an economist at the University of Florida, told CBS Miami that the state’s growing population and increased demand for housing have driven up prices. “A lot of people are still coming to Florida because the economy is really strong, and many like the fact that we don’t have an income tax like in New York, for example,” she said.

Florida was the fastest-growing state in 2022, but residents moving for perceived economic benefits may not realize the impact of higher prices. There’s also another cost of moving to Florida that transplants may not anticipate: steep homeowners insurance.

The Guardian reported the state is facing a crisis thanks to skyrocketing premiums for hurricane coverage. A 68-year-old resident who has lived in Florida for 30 years told the outlet if her homeowner insurance premium rises any more she “may have to sell up and move to another state.”

Another Insurance Company Halts Florida Home Policies Amid Worsening Storms

HuffPost

Another Insurance Company Halts Florida Home Policies Amid Worsening Storms

Nina Golgowski – July 18, 2023

AAA has announced that it’s scaling back some of its homeowner’s insurance coverage in Florida, with the decision aligning with several other major insurance providers amid a rise in natural disasters.

“Unfortunately, Florida’s insurance market has become challenging in recent years,” the company said in a statement Tuesday.

“Last year’s catastrophic hurricane season contributed to an unprecedented rise in reinsurance rates, making it more costly for insurance companies to operate. Prior to that, the market was already strained by increased claims costs due to inflation and excessive litigation,” the statement continued.

Only “a very small percentage” of higher exposure homeowner’s policies are affected by the change, and those policyholders have been notified that their plan will not renew, the company said. A spokesperson declined to specify the number of policies or where in the state they are located.

A collapsed home is seen in Naples, Florida, following Hurricane Ian in 2022. The Category 5 Atlantic hurricane was the third-costliest weather disaster on record.
A collapsed home is seen in Naples, Florida, following Hurricane Ian in 2022. The Category 5 Atlantic hurricane was the third-costliest weather disaster on record.

A collapsed home is seen in Naples, Florida, following Hurricane Ian in 2022. The Category 5 Atlantic hurricane was the third-costliest weather disaster on record.

The announcement came a week after Farmers Insurance Group announced that it would no longer write any new policies or renew existing homeowner, auto and umbrella policies for people in Florida. Last year Bankers Insurance and Lexington Insurance, a subsidiary of AIG, also pulled out of the Florida homeowners market.

“This business decision was necessary to effectively manage risk exposure,” Farmers said in a statement released to the Tampa Bay Times.

Farmers in May similarly said it would no longer offer new home insurance policies in California due to more frequent and intense wildfires. The insurance company blamed its decision, in a previously released statement, on “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.”

A skeleton in sunglasses sits beside a sign reading
A skeleton in sunglasses sits beside a sign reading

A skeleton in sunglasses sits beside a sign reading “Just waiting for the insurance check,” on Florida’s Sanibel Island in May. The area was hit by Hurricane Ian in 2022.

It’s getting harder to live in the Sunshine State, with Floridians paying on average about $6,000 for their yearly home insurance premium, a 42% increase compared to last year, Mark Friedlander, spokesperson for the Insurance Information Institute, recently told USA Today. The average annual premium in the U.S., in comparison, costs $1,700.

Floridians have also had to deal with exceptionally high inflation rates and housing costs amid an ongoing flood of new residents from other parts of the country.

Forecasters have meanwhile given mixed predictions on this year’s hurricane season in the Atlantic, which started last month and will last through November.

The National Oceanic and Atmospheric Administration has predicted a near-normal hurricane activity season with 12 to 17 total named storms — one to four of which it said could become major hurricanes.

Colorado State University has meanwhile predicted that the season will be “above average, with 18 named storms — four of which they predict will become major hurricanes. CSU previously estimated that the season would be “near average” but updated its prediction due to record warm sea surface temperatures in most of the tropical and subtropical Atlantic.

Florida homeowners insurance prices are skyrocketing. Is self-insuring the answer?

Pensacola News Journal

Florida homeowners insurance prices are skyrocketing. Is self-insuring the answer?

Brandon Girod, Pensacola News Journal – July 18, 2023

Florida home insurance prices have skyrocketed over the years, outpacing the national average by nearly four times as homeowners still in the private market pay about $6,000 per year, which is quite a bit higher than the national average of $1,700.

Some homeowners have been able to find some reprieve through state-backed Citizens Property Insurance Corp., which was originally meant to serve as an insurer of last resort for homeowners unable to find insurance coverage in the private market. But it, too, is seeking to raise its rates by about 13.% to “depopulate” and shed some of the policies it has gained over the past three years.

Rising prices have led many Florida homeowners to question if purchasing home insurance is required and whether it’s cheaper to forego it completely — assuming their lender doesn’t require it.

SmartFinancial, a technology company that partners with some of the country’s top insurance companies to compare prices, recently laid out how much those out-of-pocket costs would run for the average homeowner.

Citizens eyes rate hike: Citizens Insurance seeks 13% rate hike as Florida reinsurance renewals see 30%+ increase

Do I need a home insurance policy in Florida?

There is technically no requirement that homeowners must carry property insurance that covers fire, flood, theft or storms. The caveat is that most mortgage lenders will require homeowners to carry home insurance, windstorm coverage and even flood insurance if the property is located in a designated flood zone.

Those who purchased their home outright or have paid their mortgage off may choose to “self-insure,” which is an informal way to describe the act of foregoing home insurance and opting to pay for potential repairs completely out of pocket.

Farmers Insurance pulls out of Florida: Farmers Insurance is the 4th major insurer to leave Florida, underlining insurance crisis

How much does self-insurance cost?

Out-of-pocket expenses for home repairs will always vary based on where you live, supply and demand, the nature of the repairs and the quality of materials needed to make the repairs. In a press release, SmartFinancial provided a rough estimate of how much those costs would be for the average homeowner.

  • Roof replacement cost: $5,000-$10,000
  • Roof repair cost: $40-$1,800
  • Sinking or settling foundation: $4,000-$10,000
  • Water damage: $1,000-$5,000
  • Mold removal: $1,000-$4,000
  • HVAC replacement: $7,000-$10,000
  • Electrical rewiring: $4,000-$12,000
  • Termite damage: $3,000
  • Repair or replace a water heater: $600-$1,700
  • New pipes: $600–$1,600 per fixture; $5,000 for a new sewer line
  • Septic system repair: $1,750-$6,000

My Safe Florida Home grant: DeSantis extends My Safe Florida Home hardening grant. How it can slash insurance premiums

Homeowners insurance claim statistics

In addition to those costs, SmartFinancial also included information about how likely it is for homeowners to file claims involving wind and hail, fire and lightning, water damage and more.

  • Wind and hail account for 45.5% of claims. This amounts to about 1 in 35 homes.
    • The average cost to insurers for claims related to wind and hail was $11,695.
  • Fire and lightning account for 23.8% of home insurance claims.
    • The average cost to insurers was $77,340 per claim
  • Water Damage and Freezing account for 19.9% of home insurance claims
    • The average cost to insurers was $11,650 per claim
  • Bodily injury and property damage claims for injuries or damage to others.
    • The average cost to insurers was $30,324 per claim
  • 1 in 525 homes file a theft-related claim each year. These incidents account for 0.6% of home claims.
    • The average cost to insurers was $4,415 per claim
How many Florida homeowners go without insurance?

More than in most places. According to the Miami Herald, the Insurance Information Institute estimated that 13% of all Florida homeowners are going without property insurance, almost double the national average of 7%.

In DeSantis’ Florida, obsession with LGBTQ Floridians keeps hitting new lows

Orlando Sentinel – Opinion

Editorial: In DeSantis’ Florida, obsession with LGBTQ Floridians keeps hitting new lows

Orlando Sentinel Editorial Board – July 18, 2023

Joe Raedle/Orlando Sentinel/TNS

By now, most Floridians get it: The DeSantis administration is obsessed with targeting the LGBTQ community in Florida dishonestly, irrationally and repetitively across multiple venues.

The latest salvos will be fired on Wednesday, when the state Board of Education takes up a group of proposals that would once again drag Florida educators down the path of persecution. Sooner or later, local school boards — who are elected by, and accountable to, the voters of each county — must start pushing back against this ridiculous, ongoing assault.

The policies up for adoption at Wednesday’s meeting could be a good place to start — assuming they pass, which they likely will. “They’re just continuing the fear mongering from session,” says Jon Harris Maurer, public policy director for Equality Florida, describing 2023 legislative changes that fall squarely into the more-of-the-same-homophobic-nonsense category.

DeSantis support of anti-gay video called bad strategy, worse message

Among the rules set for discussion:

  • An expansion of the rules intended to force students to use bathrooms associated with their gender determination at birth. This is an offshoot of 2023’s ridiculous “potty purity” law (HB 1521) that attempts to keep transgender individuals out of bathrooms that correspond with their identity across multiple venues, including private businesses and government buildings. Lawmakers have consistently ignored the fact that by determining gender through at-birth assignment, the law is all but guaranteed to generate more uneasiness because it forces individuals to use restroom facilities that don’t match with their current appearance or names. Yet lawmakers seem intent on forcing these uncomfortable confrontations, and have combined the bathroom provision with another rule that threatens the licensure status of teachers who violate it. Yet in most polls taken over the past 10 years, fewer than 40% of voters think that bathroom use by transgender people should be so illogically dictated.
  • A provision that would extend the infamous “Don’t Say Gay” provisions to middle schools. Remember when DeSantis’ then-communications director put extensive effort into convincing Floridians that the prohibition on classroom discussion of gender and sexual protection was to protect very young children from too much sexy talk — which she used as cover for the ugly contention that anyone who lined up against that legislation was a “groomer?” Well, this rips that argument to shreds: Middle-school-aged children are certainly aware that same-sex relationships exist. Yet this rule also threatens teachers with misconduct charges for talking too much about that reality.
  • A new rule that seems to be aimed at “protecting” students from unexpected exposure to drag queens at any school-sponsored event or activity, because that’s something that apparently happens all the time. (Or not.) The rule is written so broadly and confusingly that it could apply to many situations that most people would describe as harmless, including performances of Shakespeare plays, showing of the Disney film “Mulan” or a review of some religious texts.
  • Finally, a rule that punishes teachers that talk too much about preferred pronouns, which could make life difficult for English teachers.

We say these measures are likely to pass, because the Board of Education is currently acting as the public-school arm of DeSantis’ political committee. Still, we laud the organization of human-rights groups including Equality Florida, who intend to mobilize for Wednesday’s meeting (scheduled to start at 9 a.m. Wednesday at the Rosen Shingle Creek resort on Universal Boulevard in Orlando).

Their continued vocal opposition provides an ongoing reminder that, no matter how many times DeSantis and his supporters attack, this will never be something that passes without comment — and that it runs counter to the sentiments of the vast majority of the American people, who have long ago adopted a live-and-let-live approach to gender identity and sexual orientation. In an August 2022 Quinnipiac University poll, fewer than one in four Americans still opposed same-sex marriage. Support for civil-rights protections for LGBTQ people are almost as strong.

We hope, however, that local school officials are also paying attention. Unlike DeSantis’ supporters, who largely hold themselves aloof from the sentiments of Florida voters, they have to face their supporters. Even in the most conservative counties, many school board members are starting to express anguish over the pain they’re being forced to inflict. A widespread rebellion against these cruel and illogical policies might bring retaliation, since DeSantis has become increasingly fond of removing anyone from public office who dares to disagree with him.

Pride Month ends tomorrow, but Floridians must stand up for love year-round

But it would be a noble sacrifice. Florida needs more public officials to find the courage to stand up to Florida’s self-designated emperor and say “Governor, for someone so focused on ‘Don’t Say Gay,’ you sure seem to bring it up a lot. Find someone else to execute your politicized cruelty. We’re done.”

The Orlando Sentinel Editorial Board consists of Opinion Editor Krys Fluker, Editor-in-Chief Julie Anderson and Viewpoints Editor Jay Reddick.

Texas traps pregnant migrants in razor wire, pushes kids back into Rio Grande, state trooper complains

The Week

Texas traps pregnant migrants in razor wire, pushes kids back into Rio Grande, state trooper complains

Peter Weber, Senior editor – July 18, 2023

Razor wire at U.S. border in Texas
Razor wire at U.S. border in Texas Suzanne Cordeiro / AFP via Getty Images

Rolls of razor wire Texas installed along the U.S. side of the Rio Grande have ensnared several migrants, including a pregnant woman “in obvious pain” while having a miscarriage and a father trying to free his child “stuck on a trap” of razor wire–covered barrels in the water, a Texas state trooper wrote in July 3 email to a superior, the Houston Chronicle reported Monday.

The Dallas Morning News also obtained the email and a corroborating July 4 note from a second Department of Public Safety trooper. Both were identified by name. In recent weeks, as part of Gov. Greg Abbott’s (R) “Operation Lone Star” border initiative, Texas has rolled out about 88 miles of razor wire along the Rio Grande and also put buoys in the middle of the river to deter migrants from crossing over from Mexico. This has sparked conflicts with the U.S. Border Patrol, complaints from local businesses, and legal challenges from Mexico.

The trooper, stationed in Eagle Pass, said Operation Lone Star service members have been ordered to push children back into the Rio Grande and told not to give water to asylum seekers even as Texas sweltered in extreme heat.- ADVERTISEMENT -https://s.yimg.com/rq/darla/4-11-1/html/r-sf-flx.html

He recounted seeing National Guard soldiers push a 4-year-old girl trying to cross the razor wire back into the river “due to the orders given to them,” adding that the girl then passed out from exhaustion in temperatures “well over 100 degrees.” The 4-year-old girl, 19-year-old pregnant woman, and others lacerated by the razor wire or injured trying to avoid it in the June 30 incidents were transferred to emergency medical services, the trooper wrote.

On June 25, he added, troopers came across a group of 120 hungry and exhausted people, including small children and nursing babies, resting along the river. The shift officer in command ordered the troopers to “push the people back into the water to go to Mexico,” the trooper recounted, and when the troopers refused and asked for new guidance, they were told to drive off. Other troopers and federal Border Patrol agents then stepped in and provided care to the migrants.

“I truly believe in the mission of Operation Lone Star,” the trooper wrote. “I believe we have stepped over a line into the inhumane.” He specifically said migrants need to be given water, and “the wire and barrels in the river needs to be taken out as this is nothing but a in humane [sic] trap in high water and low visibility.”

DPS spokesman Travis Considine told the Chronicle there is no policy against giving water to migrants and passed along emails from DPS Director Steven McCraw acknowledging seven additional cases in July of migrants needing “elevated medical attention” due to the razor wire. McCraw called for a safety audit and investigation of the trooper’s reports. A spokesman for Abbott said “Texas is deploying every tool and strategy to deter and repel illegal crossings between ports of entry,” criticizing President Biden’s border policies.

What record warm ocean temperatures could mean for hurricane season

CNN

What record warm ocean temperatures could mean for hurricane season

Jennifer Gray – July 17, 2023

Editor’s Note: A version of this article originally appeared in the weekly weather newsletter, the CNN Weather Brief, which is released every Monday. You can sign up here to receive them every week and during significant storms.

The Atlantic hurricane season is headed into uncharted territory with water temperatures in the Atlantic Ocean and the Gulf of Mexico warmer than they have ever been on record.

Seasonal forecasters are warning it means you need to prepare for a more uncertain forecast for the rest of the season with the potential for more storms and stronger ones.

Sea surface temperatures around parts of Florida and the Bahamas are warmer than 90 degrees Fahrenheit, shown here in shades of purple. - CNN Weather
Sea surface temperatures around parts of Florida and the Bahamas are warmer than 90 degrees Fahrenheit, shown here in shades of purple. – CNN Weather

Warm ocean water is one of the key ingredients for fueling hurricanes and it’s been in abundance so far this year. Scientists first sounded the alarm in April and the ocean warmth has only escalated since. Water in the Gulf of Mexico and the Atlantic has been record warm, especially for this early in the year. It includes off the coast of Florida, where water temperatures in the Florida Keys were close to 97 degrees in some spots last week.

It is important because warm ocean water breeds stronger, bigger and wetter storms. It gives hurricanes the energy they need to grow and sometimes rapidly intensify, something hurricane forecasters told CNN we could see more of this season. Warm oceans can also lead to more evaporation and wring out more rainfall falling from any storms.

But hurricane season predictions involve more than just warm water. It’s just one factor in the birth and survival of tropical cyclones, and it is creating more uncertainty than usual in what could happen the rest of the hurricane season.

“Uncertainty, uncertainty, uncertainty! That’s really the story going forward with this season,” Dr. Phil Klotzbach, a research scientist in the Department of Atmospheric Science at Colorado State University told me.

Klotzbach and the team at CSU are some of the pioneers of long-term hurricane season outlooks, and just increased the number of expected hurricanes and major hurricanes in their prediction for this season due to the warmer water in the Atlantic.

What makes this year even more uncertain is we are now under the influence of El Niño which typically suppresses activity in the Atlantic with increased wind shear, the changing of wind direction and speed with height which can blow budding storms to pieces and shred existing storms to death.

Klotzbach said the confluence of these record warm temperatures at the same time as a moderate to strong El Niño hasn’t been “observed historically.”

The million-dollar question right now is which will win out: warm ocean temperatures or El Niño. Early season predictions called for a near-average season, but Klotzbach and team seem to think the warm water will win out and are now calling for “an above-normal Atlantic hurricane season.”

Warm water won in June. According to Klotzbach, June had the lowest wind shear in the southern Atlantic Basin since 1988. Arlene, Bret and Cindy formed as a result.

Wind shear and dry air from Saharan dust picked up in the month of July, suppressing hurricane activity for the most part, but August through October could be different.

“Most climate models are forecasting slightly to somewhat-below normal shear in August, September and even into October,” Klotzbach said. “If that were the case, we would likely have an extremely busy season given how warm the Atlantic is.”

An aerial picture taken on September 30, 2022, shows the only access to the Matlacha neighborhood destroyed in the aftermath of Hurricane Ian in Fort Myers, Florida. - Ricardo Arduengo/AFP/Getty Images
An aerial picture taken on September 30, 2022, shows the only access to the Matlacha neighborhood destroyed in the aftermath of Hurricane Ian in Fort Myers, Florida. – Ricardo Arduengo/AFP/Getty Images

As of now, there’s not much noteworthy on the horizon as far as tropical development goes. Subtropical Storm Don is meandering around the north-central Atlantic but poses no threat to land. Forecast models aren’t picking up any development this week. Forecasts for next week are hinting at some tropical development, but it’s far too early to have confidence in how, if or when this could materialize.

What we do know is hurricane season typically starts ramping up as we head into August. The first hurricane usually forms in early to mid-August. The eight-week span from mid-August through mid-October is when ocean temperatures are nearing their highest levels in the Atlantic, wind shear lessens considerably and when nearly 90% of all hurricane activity in the Atlantic happens.

The bottom line is this season is already unprecedented given the hot ocean temperatures, so forecasting the season in the uncharted territory we’ve entered is a challenge. We’ve got a lot of hurricane season left to go, which means you should prepare for the worst and hope for the best.

5 stats show how Russia’s economy is withering

Business Insider

5 stats show how Russia’s economy is withering

Phil Rosen – July 16, 2023

Vladimir Putin
Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square in central Moscow on May 9, 2023.GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images
  • Russia’s economy has deteriorated since Vladimir Putin ordered the invasion of Ukraine in February 2022.
  • Its current-account balance has crashed, the ruble is weakening, and it’s status as an energy superpower has crumbled.
  • At the same time, Russia’s domestic consumption and production are low.

Russia’s economy is a shadow of what it was 16 months ago.

Before Vladimir Putin ordered the invasion of Ukraine in February 2022 and prior to the onset of historic sanctions, Moscow commanded the world’s 11th largest economy and played a key role as a reliable, wide-reaching energy exporter.

Now however, from a weakening currency to tepid trade, all signs point to a sharp deterioration with no end in sight.

“Russia might collapse into multiple pieces, like the Soviet Union, and that might not be a bad thing for the world,” Volodymyr Lugovskyy, an economics professor at Indiana University, told Insider this week. “It’s resembling an empire right now, with a central power. Extreme events are highly possible.”

These five statistics illustrate how war has reshaped the Russian economy for the worse.

A weakening ruble

The ruble has been one of the worst-performing currencies this year, and geopolitical uncertainty in Russia has made it volatile.

During the failed mutiny in June by the Wagner Group, the currency tumbled to a 15-month low against the dollar as panicked citizens swapped for alternative currencies.

Over the last month, the ruble has weakened more than 6.8%, and it’s down more than 35% in the last year.

Current-account balance drops 93%

For the April to June quarter, the country posted a current-account surplus of $5.4 billion, marking a 93% plunge from a record $76.7 billion during the same stretch last year, according to the Russian central bank.

The fading current account surplus shows that Moscow has been unable to secure imports, and that its profits from energy exports are failing to prop up the economy like they did before.

Yale russia economy
Weakening Russian trade surplus illustrates inability to secure imports, and diminishing profits from windfall energy exports.Yale Chief Executive Leadership Institute

“The decline in the surplus of the balance of the external trade in goods in January – June 2023 compared to the comparable period of 2022 was caused by a decrease in both the physical volumes of export deliveries and the deterioration in the price situation for the basic Russian export commodities, energy commodities made the most significant contribution to the decline in the value of exports,” the Bank of Russia said in a statement.

Energy revenue crash

Russia’s Finance Ministry said in June that revenue from oil and gas taxes dropped 36% compared to a year ago, while profits from crude and petroleum products fell 31%.

Before the war, Russia was responsible for almost 40% of the European Union’s natural gas imports, and a quarter of the bloc’s crude oil.

Those numbers have gone to almost zero since then, and even though Putin has turned to China and India as alternative buyers, Moscow has had to sell energy at steep discounts.

Yale Russia economy energy
Russia’s energy exports now go mostly to China and India.Yale Chief Executive Leadership Institute
Russian car sales have tumbled

Before the invasion of Ukraine, roughly 100,000 vehicles were sold every single month across Russia, according to Yale research data shared with Insider.

Those sales have collapsed to about a quarter of that level, driven not only by soaring prices and sinking consumer sentiment, but also due to a lack of supply.

Yale collapse in russian economy car sales
Russia has seen a total collapse in car sales over the last year and a half.Yale Chief Executive Leadership Institute
Brain drain and emigration

Millions of Russians have emigrated since the start of the war in Ukraine, according to Yale data, with Uzbekistan alone taking in more than 400,000 fleeing citizens.

The flight of capital and talent out of Russia is illustrated in the surge of money transfers to neighboring countries that aren’t normally seen as financial hubs, according to Yale, such as Armenia, Georgia, and Kyrgyzstan.

“While there is no concrete measure of how much capital flight has taken place, proxy measures, such as the explosion of non-resident deposits in UAE bank accounts, suggests that Russians of means are taking their productive capital out of Russia at a dramatic clip,” Yale researcher Jeffrey Sonnenfeld said.

Russia’s economy has gone from bad to worse in a matter of months. Here’s where the country is feeling pain the most.

Business Insider

Russia’s economy has gone from bad to worse in a matter of months. Here’s where the country is feeling pain the most.

Zahra Tayeb – July 16, 2023

Russian President Vladimir Putin sitting in a chair in front of a Russian flag.
Russian President Vladimir Putin.Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP
  • Russia’s economy is going from bad to worse as Western sanctions hammer the country’s key sectors.
  • From slumping car sales to a plunging Russia ruble, the problems Russia faces keep on growing.
  • Here are key signs showing how Moscow’s economy is spiraling.

Russia’s economy just keeps getting worse – and there are plenty of ways to show that.

From plunging car sales to a dramatic collapse in its current-account surplus, there’s no way to hide Moscow’s troubles.

The country’s economic woes have multiplied since its invasion of Ukraine early last year. The conflict has triggered a wave of sanctions from the Western world. Some have even blamed Russian President Vladimir Putin for inflicting so much pain on the nation, with Yale researchers saying he’s “cannibalizing” Russia’s economy in his urge to conquer Ukraine.

“The lion’s share of the economy is controlled by the state, the energy and financial sectors, and Putin is taking from the seed capital of those businesses to use as a cookie jar for his war chest,” researchers Jeffrey Sonnenfeld and Steven Tian said.

Russians are buying fewer cars

Russia’s car industry is one part of the economy that’s being squeezed.

Insider’s Phil Rosen reported that car sales in Moscow have tanked by nearly 75% since the Ukraine war broke out. The decline has been fueled by a mix of three factors: soaring prices, decreasing supply, and deteriorating consumer sentiment.

“Russians are just buying less cars, period,” Tian said. “That speaks to the weakness of the consumer in Russia. This is as close to a proxy to deteriorating consumer sentiment as there is, and the story it tells is profoundly distressing. Russians just aren’t spending money.”

At the same time, the number of Russians buying foreign-branded cars – typically viewed as luxury purchases – has neared a standstill. Instead, consumers are buying locally sourced cars, many of which are riddled with mechanical issues.

Plunging exports

Another sign that Russia’s economy is flailing is the dramatic collapse in its current-account balance.

Moscow’s central bank posted a 93% year-on-year drop in its current-account surplus for the April-June quarter. it fell from a record $76.7 billion to $5.4 billion.

The rough financials show how badly Western sanctions are biting the country, particularly its key energy sector where its oil-and-gas exports have taken a huge hit after price caps and bans were imposed.

Energy export revenue

Moscow garners a big chunk of its revenue from sales of oil and gas products, but Western penalties have eroded that income stream.

In June, Russia’s Finance Ministry said that revenue from oil-and-gas taxes fell 36% compared to a year ago to about 571 billion rubles, and that profits from crude and petroleum products tumbled 31% to 426 billion rubles.

Ruble in freefall

Adding to Russia’s troubles is a tumbling ruble. The country’s currency slumped to a 15-month low of 94.48 against the dollar earlier in July, triggered by capital flight, shrinking tax revenues, and declining central-bank reserves.

“The ruble doesn’t have anywhere to go but down,” Konstantin Sonin, a University of Chicago economist, said in a tweet.

Concerns about the currency’s volatility have prompted a wave of domestic withdrawals from the country’s central bank, amounting to over $1 billion. The bank run was mainly fueled by the recent Wagner revolt.

Russia’s weakening currency has forced the country to take desperate measures. Recently, Russia’s foreign minister urged Southeast Asian countries to dump the dollar and use local currencies to conduct trade.