In short: This hurricane season could be as bad as in 2005 with Katrina. Gas inventories are low and prices could reach $6 by end of summer. Biden invoked the Defence Production Act to address the baby formula shortage. The FDA authorized Pfizer’s booster shots for children 5-11. More free tests from the CDC. Switzerland
The post News roundup for Fri, May 20, 2022 appeared first on The Prepared.
Read More
Hot weather caused a blackout in Texas. California and the Midwest will also struggle this summer Record temperatures (i.e. too hot, too early–can you see the pattern yet?) in the 90s and 100s caused six Texas power plants to trip offline, which resulted in 2,900 MW lost. FYI one megawatt of electricity is enough to
The post News roundup for Tue, May 17, 2022 appeared first on The Prepared.
Read More
US Economy States are proposing tax cuts and rebates to help people cope with high prices. Unfortunately, these strategies could make inflation even worse (i.e. people have more money? They will spend more, keeping the economy ‘hot’.) The Fed ultimately hopes for a ‘soft landing’ for the US economy, but history suggests it won’t be
The post News roundup for Fri, May 13, 2022 appeared first on The Prepared.
Read More
Economy, energy, and supply chain Recession fears are rising: “Recession risks are low now but elevated in 2023 as inflation could force the Fed to hike until it hurts”, said a global economist at Bank of America. Bill Gates said that there’s a “strong argument” we’re about to see a global economic slowdown, and other
The post News roundup for Tue, May 10, 2022 appeared first on The Prepared.
Read More