National (U.S.)

"Debt Deal Reopens Debate on Climate Catastrophes"

"A provision tucked into the debt ceiling legislation is rekindling debate about the nation's ability to pay for soaring catastrophe losses as coastal development and carbon dioxide emissions continue to rise.

The nation has struggled for years to find an effective way to help communities rebuild homes, businesses and infrastructure after natural disasters. Now, in a collision between downward federal spending and an upward presence of catastrophes, Congress is moving to pre-fund disasters.

Source: ClimateWire, 08/10/2011

"St. Louis Sewer District Will Pay $4.7 Billion to Stop Overflows"

"ST. LOUIS, Mo. -- In a legal settlement with the United States and an environmental foundation, The Metropolitan St. Louis Sewer District has agreed to make extensive improvements to its sewer systems and treatment plants, at an estimated cost of $4.7 billion over 23 years.

The improvements are intended to eliminate illegal overflows of untreated raw sewage and to reduce pollution levels in urban rivers and streams.

Source: ENS, 08/09/2011

As Stocks Plunge, Consumers Get a Break on Gas Prices

"HOUSTON — The growing gloom about the economy has pushed down oil and gasoline prices, along with the prices of an array of other commodities. And while that could mean more spending power for consumers, perhaps tempering any possible downturn, the steep drop in energy prices reflects worries that economic activity is headed in the wrong direction."

Source: NY Times, 08/09/2011

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