Investors Bet Against Stock in Harvard Professor’s Blog


gsr-231fdsfsLarge parts of southern England face more rainfall and winds of as strong as 80 mph (129 kilometers an hour) as the Royal Marines, police and fire teams evacuated homes after flood defenses were breached.

Following two months of rain and storms that have drenched the U.K., three severe flood warnings were in force across England andWales yesterday along with 176 medium-risk warnings and almost 300 low-risk alerts, the Environment Agency said.

Prime Minister David Cameron this week visited the worst-hit county of Somerset, where about 60 houses were evacuated, amid criticism his government cut funds for flood defense and has failed to do enough to avert disaster, including the dredging of riverbeds.

“We have got to do everything we can to help,” Cameron said on Feb. 7. “We will be dredging to make sure these rivers can carry a better capacity of water, so there are lessons to be learned and I’ll make sure they’re learned.”

A landslip at Crewkerne, Somerset, yesterday cut train lines to Devon and Cornwall, according to National Rail. A seven-year-old boy died yesterday in Chertsey, Surrey, of suspected carbon monoxide poisoning from a pump his family were using to remove flood water, the Telegraph newspaper reported. Fifteen people, including police officers, were also taken to the hospital as a precaution.

‘Hugely Challenging’

“The weather continues to be hugely challenging, with further wind and waves threatening the southwest coast and even more rain threatening to cause flooding along rivers across southwest, central and southern England,” Pete Fox, head of strategy and investment at the agency, said in a statement.

More than 7,500 U.K. homes have been engulfed, and coastal defenses battered, since the start of December. The southeast had its wettest January on record and the east coast was hit by the biggest tidal surge in 60 years. Tides in Wales were the highest since 1997. All roads to the communities of Muchelney and Thorney inSomerset have been cut off since Christmas Eve.

“This crisis is hugely traumatic for our residents and communities,” Somerset County Council Leader John Osman said yesterday.

Cameron’s government has said it will spend 130 million pounds ($213 million) in new funds to shore up flood protection during the next two years. Affected residents and the opposition Labour Party have criticized the government for responding too slowly and for cutting funds for flood defenses since taking power in 2010.

Angry Residents

Environment Agency Chairman Chris Smith, who’s in charge of the defenses, said on Feb. 7 on his first visit to Somerset since the crisis that he had no plans to resign. He was shouted at by an angry resident telling him to “sort the rivers out,” British Broadcasting Corp. footage showed.

The “most important thing” is to dredge the Tone and Parrett rivers “as soon as possible,” Smith said, in response to criticism by residents who blame the flooding on a lack of recent dredging.

The agency says it’s using pumping equipment continuously in Somerset, where both of its severe warnings were in place, removing as much as 2.9 million metric tons of water a day.

Landslides and floods are also hampering rail travel, with operators CrossCountry, First Great Western,South West Trains, Southeastern and Southern hit by delays, according to the National Rail Enquiries’ website.

The rail line between Exeter and Newton Abbot, connecting the cities of Plymouth and Penzance to the rest of England, isn’t expected to reopen until March 18, after an 80-meter (260 foot) section of sea wall collapsed under the track at Dawlish this week.

  • like this

    How do I discover varying people blog pages I really like with look, however just got a Blogger accounts, it really works superb. I am not visiting it now, besides the fact that i remember we have a way. Thanks for your assist to..

  • health insurance plans

    Hello.This post was extremely remarkable, especially because I was investigating for thoughts on this topic last Tuesday.