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Economy – Articles, Analysis, Opinion

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Repairing storm damage is expensive, and insurance covers less than many people realize. Sean Rayford/Getty Images

Flood risk ratings: Translating risk to future costs helps homebuyers and renters grasp the odds

Telling people they have a flood risk rating of 10 is less powerful than explaining how much they’re likely to pay to deal with flooding over the next five years.
After the 2018 wildfire in Paradise, Calif., many fire-damaged homes were razed. Justin Sullivan/Getty Images

A case for retreat in the age of fire

Managed retreat is already common in flood-prone areas, but what about in neighborhoods at high risk from wildfires? Here are four ways communities can pull back for safety.
Image of Earth’s city lights, created with data from the Defense Meteorological Satellite Program. NASA/Newsmakers via Getty Images

What the controversial 1972 ‘Limits to Growth’ report got right: Our choices today shape future conditions for life on Earth

A 1972 report warned that unchecked consumption could crater the world economy by 2100. Fifty years and much debate later, can humanity innovate quickly enough to avoid that fate?
Many cities, such as New York, returned to hosting big public displays in 2021 after skipping 2020 due to the pandemic. AP Photo/John Minchillo

Yes, fireworks prices are skyrocketing, but there should be plenty of bottle rockets and sparklers for you and your family this Fourth of July

The latest data shows imports of bottle rockets, sparklers and other fireworks at a record pace, even as consumer demand appears likely to wane. That could create opportunities for patient revelers.