Authored by Dale Steinreich viaThe Mises Institute,
As the floodwaters brought by Hurricane Harvey last week recede and new hurricane Irma moves slowly toward the Eastern U.S., it might be edifying to review how millions of Americans, despite federal anti-flood efforts, came to live and work in hazardous to dangerous flood-prone areas.
Submitted by Stock Board Asset
South Koreans clashed with police ahead of the deployment of four more Terminal High Altitude Area Defense (THAAD) systems in southern South Korea. Per Yonhapnews, the clash occurred as police were trying to disperse about 400 residents from their community center near the U.S. missile defense base in Seongju, some 300 kilometers south of Seoul.
Authored by Nick Cunningham via OilPrice.com,
About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much of the U.S.
If you count yourself among the unlucky residents of Southern Florida where Hurricane Irma looks likely to make her continental U.S. landfall, you may want to take notice of a new study just published by Kelly Edmiston of the Federal Reserve Bank of Kansas City which details the devastating toll that hurricanes can take on your hard-earned credit score.
In yet another attempt at de-escalation by the US, moments ago as president Trump was leaving the White House, he responded to a reporter question on whether there will be military action in North Korea, saying that "it's not his first choice", but adding that "we'll see what happens."