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Climate and Inflation: When Weather Hits the Economy

Inflation is often described as a monetary phenomenon. Central banks adjust interest rates. Governments revise fiscal spending. Economists debate liquidity and supply chains. However,...
HomeResourcesDrowning New York

Drowning New York

New York has declared a State of Emergency as flash flooding wreaks havoc across New York City caused by torrential rain battering the northeastern US. The Mayor has advised the New Yorkers to stay home or shelter in place.

Brooklyn is particularly hard hit by rising water, with shocking videos showing streets and subways underwater. The MTA, the agency that runs the city’s transit system, reported widespread outages and delays.

A severe storm lodged over the city and parts of upstate New York, New Jersey and Connecticut, leading to widespread flood watches and warnings.

The New York area could see unprecedented rain, with between two and five inches falling in some areas since midnight.