Commerzbank hit by mortgage losses

first_img whatsapp Share whatsapp Commerzbank hit by mortgage losses Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo Commerzbank has been hit by losses on commercial mortgages and the costs of integrating Dresdner Bank, it has reported.Third-quarter net profit of €113m (£97.6m) was below a €164m analysts’ estimate,.However, it is a turnaround from a loss of more than a billion euros a year ago.Commerzbank’s eastern European business dropped to a loss in the third quarter from a small profit in the previous three months.But the bank benefited from strong business at the Mittelstandsbank, which focuses on lending to medium-sized German companies, and provided an upbeat outlook for the full year in 2010 and 2011. s.“We are sailing into the next year with a tailwind and assume that the operating profit for 2011 will be higher than that seen in 2010,” said chief financial officer Eric Strutz. center_img Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Monday 8 November 2010 4:29 am Tags: NULL John Dunne last_img read more

SIS extends with Greyhound Racing Ireland

first_img SIS extends with Greyhound Racing Ireland “We have enjoyed a very close working relationship together up to now and this new agreement will enable us to continue to promote Irish greyhound racing to our customers, while also offering them a greater number of new betting opportunities in the process.” Tags: SIS Greyhound Racing Ireland Under the deal, SIS’s customers around the world will continue to have weekly access to competitive greyhound racing from tracks throughout Ireland. Regions: UK & Ireland “It is our intention to continue to work with SIS to maximise any further opportunities that may arise during the course of the agreement.” Topics: Sports betting Online sports betting Retail sports betting SIS will distribute coverage across its retail and online services, including the 24/7 Live Betting Channels end-to-end solution that provides operators with short-form content throughout the day, with a betting event every three minutes. “The SIS product has become a key part of our racing activity and is an important element for many involved in the greyhound community,” GRI chief executive Gerard Dollard said. Multi-channel live betting services supplier Sports Information Services (SIS) has signed a five-year extension to its partnership with Greyhound Racing Ireland (GRI).center_img Subscribe to the iGaming newsletter Sports betting The extension comes after SIS this week announced that it is to take its portfolio of UK and Irish greyhound content to Australia through an expansion of its partnership with Flutter Group-owned Sportsbet. 4th February 2021 | By Robert Fletcher SIS commercial director Paul Witten added: “We’re thrilled to be extending our partnership with GRI and to be distributing live pictures and data from a wide range of first-class Irish greyhound tracks over the next five years. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GRI’s tracks will feature more than 400 times a year across SIS’s services during the course of the extended deal. Email Addresslast_img read more

Botswana Insurance Holdings Limited (BIHL.bw) 2020 Presentation

first_imgBotswana Insurance Holdings Limited (BIHL.bw) listed on the Botswana Stock Exchange under the Insurance sector has released it’s 2020 presentation For more information about Botswana Insurance Holdings Limited (BIHL.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Botswana Insurance Holdings Limited (BIHL.bw) company page on AfricanFinancials.Document: Botswana Insurance Holdings Limited (BIHL.bw)  2020 presentation Company ProfileBotswana Insurance Holdings Limited (BIHL Group) is a leading financial services group in Botswana which operates through three subsidiaries. Botswana Insurance Fund Management (BIFM) is an asset management company and wholly-owned by BIHL Group; managing in excess of P23.9 billion in assets across equity, fixed income, real estate, liquidity and alternative investments. The subsidiary company is also invested in non-traditional assets which include the healthcare industry, tourism sector and property development. Botswana Life Insurance Limited (BLIL) is the leading life insurer in Botswana; with an estimated market share of 80%. Legal Guard is a legal expenses insurer which provides clients with access to personal legal counseling and assistance with experienced attorneys based in 11 branches located in the major towns and cities of Botswana. Legal Guard represents clients in civil, criminal and labour matters.last_img read more

Orange Co. toughens parking standards and enforcement for all roads in…

first_imgShare on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply From the Orange County NewsroomEvery year, The Orange County Sheriff’s Office receives hundreds of complaints regarding improperly parked vehicles. The issues range from cars left on the side of the road with no tags or current registration, to RVs or trailers parked in front of people’s property for months, to semi-tractor trailers clogging up narrow residential streets. Please enter your comment! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear No parking any time sign in a local village TAGSapopkaEnforcementFinesOrange County GovernmentOrange County Sheriff’s OfficeParkingUnincorporated Orange County Previous articleFlorida earns average grade in Education Weekly assessmentNext articleThe gig economy is coming for elder care Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate The fix seemed easy … “just give ‘em a ticket or tow it!” However, our state and local laws didn’t make it that simple for law enforcement. Oftentimes, their answer was a frustrating “I’m sorry, there just isn’t anything we can do.” Until now.Well aware of frustration, Orange County transportation planners and the Sheriff’s Office parking enforcement specialist worked to develop a comprehensive set of parking standards and enforcement tools.The new standards make it clear that Orange County road rights-of-way (ROW) should not be used as parking lots for oversized trucks nor as storage lots for abandoned vehicles.  Additionally, the group found that existing fines for improper truck parking didn’t have enough teeth, so violators simply ignored the rules.On September 1, 2020, the following changes were approved by the Orange County Board of County Commissioners (these changes pertain to all roads in unincorporated Orange County) and will take effect November 2, 2020:$150 fine (up from $30) for parking commercial dual rear wheel vehicles in the ROW$30 fine OR tow for parking a vehicle with no license plate or current registration$30 fines for parking a trailer in the ROW$30 fine for parking an RV in the ROW$30 fine OR tow for vehicles parked under car covers$30 fine for blocking a mail delivery location (8 a.m. to 6 p.m.)The full list of parking standards can be found in Chapter 35 of the Orange County Code, which can be accessed on Orange County Planning’s webpage. For information and resources about towing, visit the Towing Information webpage.Complaints for parking violations should be directed to the Sheriff’s Office Parking Enforcement Unit by dialing the Sheriff’s Office non-emergency number 407- 836-HELP (4357). Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.last_img read more

Penthouse Las Palmas / Benthem Crouwel Architects

first_img 2008 Penthouse Las Palmas / Benthem Crouwel Architects Text description provided by the architects. The Penthouse floats a good three metres above the Las Palmas building, held aloft on thin steel columns. This two-story office volume is rounded off vertically at the head ends, in deliberate contrast with all other buildings on Wilhelmina Pier. The maritime mood projected by the Penthouse refers to its waterside location and to the history, inextricably interwoven with shipping, of the Kop van Zuid project on the south bank of the Maas River. Save this picture!Courtesy of benthem crouwel architektenThe Penthouse stands on twenty-three columns, with special attention to the feet to enhance the floating effect. The main core of Las Palmas stitches together old and new elements, lending stability to the whole. A large goods lift in this core ascends to a roof terrace, lying below the volume of the roof structure, and containing fourteen parking places. Above, the white volume opens up to the north and south with story-height butt-jointed glazing. Both directions offer an unimpeded view of the river, the Rijnhaven harbor basin and the shorelines of the city beyond. The Penthouse acts as an eye-catcher anchoring the refurbished Las Palmas in the skyline of Wilhelmina Pier.Project gallerySee allShow lessSerlachius Museum Gösta Extension Competition Proposal / XMLArticlesOffice Building in Vevey / Atelier Zündel & Cristea and ArchitramArticlesProject locationAddress:Rotterdam, The NetherlandsLocation to be used only as a reference. It could indicate city/country but not exact address. Share ArchDaily Area:  2350 m² Year Completion year of this architecture project “COPY” The Netherlands “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/147490/penthouse-las-palmas-benthem-crouwel-architekten Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/147490/penthouse-las-palmas-benthem-crouwel-architekten Clipboardcenter_img CopyPenthouse•Rotterdam, The Netherlands Projects Year:  Penthouse Las Palmas / Benthem Crouwel ArchitectsSave this projectSavePenthouse Las Palmas / Benthem Crouwel Architects Penthouse Architects: Benthem Crouwel Architects Area Area of this architecture project Save this picture!Courtesy of benthem crouwel architekten+ 29 Share CopyAbout this officeBenthem Crouwel ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingPenthouseDabasResidentialHousing3D ModelingRotterdamRotterdamThe NetherlandsPublished on July 10, 2011Cite: “Penthouse Las Palmas / Benthem Crouwel Architects” 10 Jul 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSafety Window Films in Associated Watch and Jewelry BuyersFaucetshansgroheKitchen Mixers – Talis MWindowsAir-LuxSliding Windows for High-Rise BuildingsSignage / Display SystemsGoppionDisplay Case – B-ClassGlassLAMILUXGlass Roof PR60Manuals & AdviceSikaFirestop SystemsMetal PanelsAmerican MetalcraftRainscreen – RS300Curtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWaste Containers / Recycling BinsPunto DesignLitter Bin – PapilonSound BoothsFramerySoundproof Phone Booths – Framery OneCarpetsnanimarquinaRugs – ShadeMore products »Read commentsSave想阅读文章的中文版本吗?Las Palmas阁楼 / Benthem Crouwel Architekten是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

House in Vale de Margem / Marlene Uldschmidt

first_img Projects “COPY” Save this picture!© Fernando Guerra | FG+SG+ 34 Share Portugal Houses Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/769973/house-in-vale-de-margem-ultramarino-marlene-uldschmidt-architects Clipboard 2014 House in Vale de Margem / Marlene Uldschmidt Year:  Year:  Area:  120 m² Area:  120 m² Year Completion year of this architecture project ArchDaily Architects: Marlene Uldschmidt Area Area of this architecture project CopyHouses•Pêra, Portugal 2014 House in Vale de Margem / Marlene UldschmidtSave this projectSaveHouse in Vale de Margem / Marlene Uldschmidt “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/769973/house-in-vale-de-margem-ultramarino-marlene-uldschmidt-architects Clipboard photographs:  Fernando Guerra | FG+SGPhotographs:  Fernando Guerra | FG+SGStructure:Protecna Engineering TeamCarpentry:Equipa Quatro, Comércio e Construcões, Lda.Architect In Charge:Marlene UldschmidtDesign Team:Maurícia BentoCity:PêraCountry:PortugalMore SpecsLess SpecsSave this picture!© Fernando Guerra | FG+SGText description provided by the architects. House in Vale de Margem is a single storey farmhouse located in a rural part of the Algarve, an extremely sensitive area to work in as part of the land is classified Agricultural Protection Zone. The studio believed that the intervention should be balanced harmoniously and above all integrated with the surroundingopen countryside.Save this picture!© Fernando Guerra | FG+SGCasa Vale de Margem features an extension to a traditional Portuguese farmhouse with its typically small rooms and openings. In order to create spaces flooded with light and air a white contemporary building as an additional wing was created to take advantage of the open aspect to the west.Save this picture!Floor PlanThe challenging topography of the site was integrated into the concept at an early stage by creating several layers inside the building which connect the open plan spaces.Save this picture!© Fernando Guerra | FG+SGA long external retaining wall wraps a protective cloak around the main building, mimicking the topography and makes the transition between the land and the building. This is detached from the wall to enhance its strong appearance and strengthen the movement towards the view into the valley beyond.Save this picture!SectionLarge glazed sliding elements connect the fluid open plan interior with the contrastingly rugged external areas. The wall was constructed using stone that had been excavated during the build process. To balance the simple white walls natural materials like locally sourced clay tiles were used referencing the original farmhouse floor and roof.Save this picture!© Fernando Guerra | FG+SGProject gallerySee allShow lessKUAN Architects Unveil Design for “The Antique Fish” Shopping Center in ChinaUnbuilt ProjectMonocle 24 Examines the Impact of the ‘Illegal City’Architecture News Share CopyAbout this officeMarlene UldschmidtOfficeFollowProductsStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesPêraPortugalPublished on July 10, 2015Cite: “House in Vale de Margem / Marlene Uldschmidt” 10 Jul 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogVentilated / Double Skin FacadeTechnowoodClick Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisOxidized Copper: Nordic BrownAcousticKvadrat AcousticsAcoustic Panel System in AMOREPACIFIC HeadquartersStonesCosentinoSilestone® Surfaces – Loft SeriesWoodLunawoodThermo Timber and Industrial ThermowoodLightsLouis PoulsenOutdoor Lighting – Flindt PlazaTiles / Mosaic / GresiteLove TilesPorcelain Tiles – NestAluminium CompositesMetawellAluminum Panels for Interior DesignMetallicsRHEINZINKZinc Roof Systems – Double Lock Standing SeamStoolsWilkhahnOffice Stool – Aline-SBulbs / Spots / Wall LightsUniosHorticultural Luminaire – Kobe FloMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Meredith M Establishes Community Alliance Partnership with Trained Dogs for Adoption

first_img Community News Top of the News HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeauty10 Celebrity Body Parts Insured For Ridiculous AmountsHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community Newscenter_img EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Meredith M Establishes Community Alliance Partnership with Trained Dogs for Adoption From STAFF REPORTS Published on Tuesday, January 12, 2016 | 2:17 pm Meredith M, announced today that is has established a community alliance partnership with Trained Dogs for Adoption.Based in Altadena, Trained Dogs for Adoption (TDFA), an all-volunteer organization, was formed to fill a void in the Greater Southern California dog rescue community for hard to place German Shepherds. TDFA actively seeks out, trains and places these dogs in loving and qualified homes.“We could not rescue, feed, provide vet care, train and shelter these amazing dogs that have been forsaken and in many cases, abused by their owners, without out the in-kind and financial support from businesses, friends and neighbors in Altadena. From animal shelters, to Girl Scout troops and other local non-profits, to members of the community who donate funds as well as their new and gently used clothes and household items for re-sale in our quarterly yard sales and local graphic designers and printers who donate their time and services to assist us in getting our jewelry ready for our annual Valentine’s Day and Christmas earring sales and to our local retail partner, Meredith M, who not only sells our product, but also helps to spread the word about TDFA and its programs. We thank-you from the bottom of our hearts and look forward to our continuing to partner with everyone for years to come” says Catherine Peters, co-founder and president, TDFA.“Giving back to the communities we serve is part of our DNA. Both Michael and I are animal lovers and owners of several rescue dogs so our partnership with TFDA really speaks to us” says Meredith Miller, co-owner. “We were delighted to be one of the local businesses chosen to sell their ornament earrings during the month of December. All proceeds – $400 – from sale of these colorful and festive earrings were donated back to TFDA to fund their rescue efforts. Michael and I are so passionate about the great work being done by TDFA that we decided that Meredith M would match funds raised in the store and round it up to an even $1,000. In the coming months, we look forward to continuing to work with Catherine and her team to raise awareness and funds for TDFA.”Meredith M is a trend-friendly women’s apparel and fashion accessories boutique that also features a selection of gifts and clothing for babies and toddlers. Owners Meredith and Michael Miller are committed to filling a void in the local marketplace, to contributing to the local economy and to the revitalization of the North Lake Avenue Corridor. 2 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * Business Newslast_img read more

Where’s me culture?

first_imgAdvertisement by Alan [email protected] up for the weekly Limerick Post newsletter Sign Up CULTURE Night 2015 will showcase the very best Limerick has to offer on this Friday, September 18 with over 80 events taking place in the city and county.As preparations continue for Limerick’s European Capital of Culture 2020 bid, the Treaty City’s cultural community will use the event as an opportunity to highlight its creativity and dynamism.As part of the annual Culture Night initiative, a programme of visually stimulating events for all ages will be held throughout Limerick from 5 to 10pm to show its appetite for the designation of the European cultural title.Limerick City Gallery of Art, Dance Limerick, The Hunt Museum, Mungret College, St John’s Cathedral, Desmond Castle, Honeyfitz Theatre and Limerick Printmakers are among the venues opening their doors for this cultural feast.“It’s people who give cities the creativity and dynamism that makes them centres of learning, technical and cultural development, and research and innovation. This dynamism is never more evident than on Culture Night,” said Limerick Arts and Culture Officer, Sheila Deegan.“Museums, galleries, artists’ studios, theatres, towers, heritage centres, and other venues throughout the city and county will host a wide and varied array of cultural events for all of us to engage, re engage with and most of all celebrate and enjoy,” she added.After Limerick’s designation as the first National City of Culture, Ms Deegan believes the city has shown how culture is a key factor in creating a confidence within Limerick as a place and within ourselves by celebrating artists, designers and innovators.“The Cultural Revolution that began in Limerick in 2014 is continuing with great confidence and belief. Culture Night provides an annual creative platform for artists and creative spaces to share their passion and belief in the power of culture by showcasing Limerick as a rich and rewarding locus of culture.”For more details of the Culture Night programme of activities visit www.culturenight.ie. NewsLocal NewsWhere’s me culture?By Alan Jacques – September 12, 2015 837 WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Limerick Ladies National Football League opener to be streamed live Linkedin RELATED ARTICLESMORE FROM AUTHOR Printcenter_img WhatsApp Twitter TAGSCulture Night 2015limerick Email Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Previous articleRugby – Ulster Bank League returns #ublNext articlePresidential award for Sr Miriam Alan Jacqueshttp://www.limerickpost.ie Facebook Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” last_img read more

SoftwareReviews Announces Digital Workspace Award Winners

first_img Twitter WhatsApp WhatsApp TAGS  By Digital AIM Web Support – February 4, 2021 Twitter Facebook Pinterestcenter_img Facebook Local NewsBusiness SoftwareReviews Announces Digital Workspace Award Winners Previous articleLeading UK Retailer Halfords Expands 8×8 Cloud Contact Centre and Communications Deployment to Enhance Digital Transformation EffortsNext articleHavas Creative North America Appoints Bria Bryant as Head of Communications Digital AIM Web Support SoftwareReviews Announces Digital Workspace Award Winners Pinterestlast_img read more

$75 Billion in Flood Damages Linked to Climate Shifts

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: climate change flooding housing development Research Stanford University Share Save January 13, 2021 798 Views A new study authored by researchers at Stanford University has determined that increased precipitation created by increased global temperatures have contributed to one-third of the financial costs of flooding in the U.S. over the past three decades.The study, published in the journal Proceedings of the National Academy of Sciences, estimated that nearly $75 billion of the $199 billion in flood damages that occurred between 1988 and 2017 was the result of dramatic changes to the global climate. The Stanford researchers used climate and socioeconomic data for their study to determine if the increase in flooding was being driven primarily by climate change or by other ground-level factors including population growth, housing development, and increasing property values.“The fact that extreme precipitation has been increasing and will likely increase in the future is well known, but what effect that has had on financial damages has been uncertain,” said Frances Davenport, a PhD student in Earth system science at Stanford’s School of Earth, Energy & Environmental Sciences and the lead author of the study. “Our analysis allows us to isolate how much of those changes in precipitation translate to changes in the cost of flooding, both now and in the future.”The research team concluded that changes in precipitation accounted for 36% of the actual flooding costs that occurred during the three-decade period measured in their study, which also developed an economic model based on precipitation and flood damage reports. The study also created a model to calculate what the potential economic impacts that could have transpired if extreme precipitation changes never occurred.“What we find is that, even in states where the long-term mean precipitation hasn’t changed, in most cases the wettest events have intensified, increasing the financial damages relative to what would have occurred without the changes in precipitation,” said Davenport.“Accurately and comprehensively tallying the past and future costs of climate change is key to making good policy decisions,” said Burke. “This work shows that past climate change has already cost the U.S. economy billions of dollars, just due to flood damages alone.” Added Marshall Burke, an associate professor of Earth system science and the study’s co-author. Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Out-of-State Relocations for Retirees at Five-Year High Next: Best in Legal Guide: Spina & Lavelle PC Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post $75 Billion in Flood Damages Linked to Climate Shifts Home / Daily Dose / $75 Billion in Flood Damages Linked to Climate Shifts The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles About Author: Phil Hall climate change flooding housing development Research Stanford University 2021-01-13 Phil Hall Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more