#ClimateChange#GlobalWarming#Housing#PublicInfrastructure: "The full impact of climate change is still some way off. But the sooner policymakers can resolve these questions, the better. The evidence shows that house prices react to these risks only after disaster has struck, when it is too late for preventive investments. Inertia is therefore likely to lead to nasty surprises. Housing is too important an asset to be mispriced across the economy—not least because it is so vital to the financial system.
Governments will have to do their bit. Until the 18th century much of the Netherlands followed the principle that only nearby communities would maintain dykes—and the system was plagued by underinvestment and needless flooding as a result.
Governments alone can solve such collective-action problems by building infrastructure, and must do so especially around high-productivity cities. Owners will need inducements to spend big sums retrofitting their homes to pollute less, which benefits everyone." https://www.economist.com/leaders/2024/04/11/global-warming-is-coming-for-your-home
Polish hackers figured out that a train manufacturer had programmed its trains to break down after certain dates, or if they were serviced at another company's workshop.
Well, that's a new one. I'm on a train to Carlisle which has been stuck at Preston for a while (after a load of people got on here), and was already overcrowded because the train before it was cancelled. They’ve just announced that the train is overcrowded and they will not let the train move until some people leave the train. So now everyone is looking at everyone else, wondering who is going to move.
WHY are we underfunding railways to the point where this is even an option?
@helenczerski I just got back from riding trains across Spain... it was incredible how efficient, easy and reliable they were. So much better than air travel. Why can't we have nice public transit things in the US? (Rhetorical) #publictransit#highspeedrail#publicinfrastructure