The horrid economic effect of a warmer climate

Posted by bobbapink on Jun 24, 2002 at 10:49

Record Winter Weather Caused Major Economic Impacts In The U.S.

CHAMPAIGN, Ill. Unusual weather across most of the United States last winter created huge and generally positive impacts to the nation's struggling economy.

Nationally, an estimated $21 billion in benefits included lower heating costs, a reduction in snow-removal costs, increased construction income, reduced transportation costs, fewer insurance losses and increased retail sales. Most of the $0.5 billion in losses were realized by the tourism industry and by decreases in sales of snow-related equipment and winter clothing.

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