It is not just here but all over the world that extreme weather is taking its toll. It is not your imagination, the weather events are getting more and more extreme as the birth pains continue to intensify.
From Fires in Russia to Flooding in Asia, Extreme Weather Taking Its Toll
Floods have killed thousands in Asia and left millions homeless from Pakistan to North Korea, while fires and drought in Russia have roiled global markets and a tropical storm bears down on Bermuda. Asian devastation may stretch aid efforts as crops are destroyed at a time of soaring wheat prices, caused in part by Russia’s decision to ban grain exports through Dec. 31. Raw- sugar futures also rose in New York on speculation that Russia may import more to offset drought losses. -“Mother Nature is playing a very evil hand,” Peter McGuire, managing director at CWA Global Markets Pty., said in a telephone interview from Sydney today. “It’s always the poor that suffer.”
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