Moving Day Newsletter

A newsletter exploring the connections between climate change, vibrant living, and influence.

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Articles

Jamie Dimon is right to worry about US economic stability

2 weeks ago | susanpcrawford.substack.com | Susan Crawford

We are living in a sliver of time in which long-term risks are climbing as short-term boosterism flares unconstrained. Yesterday, stock market investors shrugged off the idea that America might not be a great investment, seeing Moody's downgrade last week as a dip-buying opportunity: more than $4 billion flowed into US stocks by midday, setting an all-time record.
Moving Day

2 weeks ago | susanpcrawford.substack.com | Susan Crawford

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1 month ago | susanpcrawford.substack.com | Susan Crawford

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Everything's fine until it isn't: Lessons from NYC's fiscal crisis

1 month ago | susanpcrawford.substack.com | Susan Crawford

Go see "Drop Dead City," a terrific documentary about the near-bankruptcy of New York City in 1974-75. What led to the city's fiscal collapse? The unexamined creation of a mountain of risk in which everyone involved—banks, local government, investors—found it convenient to believe that the next guy would handle things. Smart politicians knew there had been a longtime deferral of fiscal reality, but the money kept flowing. Until suddenly it didn't. Willful blindness is the first chapter in this story.
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1 month ago | susanpcrawford.substack.com | Susan Crawford

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Extraordinary coastal growth means 2025 could be a unthinkably expensive disaster year

1 month ago | susanpcrawford.substack.com | Susan Crawford

Any toddler knows—or quickly learns—that if you build a sandcastle on a beach and fill its moat with favorite toys a wave will come along and wreak destruction. Well, think of US coastal communities as magnificent, intricately built networks of sandy structures. For decades, we have been building homes, businesses, and infrastructure, all packed closely together and crammed with treasures. That "value accumulation" leads to very high claims when storms or flooding arrive.
Global temperatures are going sharply up while US cities' financial ability to cope with the ravages of accelerating climate change is going sharply down

1 month ago | susanpcrawford.substack.com | Susan Crawford

The buildup of risk being caused by our nationwide reluctance to deal with the consequences of climate change is becoming more obvious. The bill will likely end up being paid by ordinary Americans, and particularly people who live in cities. It turns out that 2015 was an important year for the intersection of climate change and finance.
Moving Day

2 months ago | susanpcrawford.substack.com | Susan Crawford

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The Trump administration is dismantling FEMA's biggest climate adaptation program

2 months ago | susanpcrawford.substack.com | Susan Crawford

Cities in America face a high-heeled climb: How do you pay for climate adaptation efforts—updating stormwater infrastructure, retrofitting existing buildings to meet modern building codes, moving homes out of harm's way—in the absence of federal assistance or local political support? The picture grew gloomier this week with news that one of the few federal programs supporting pre-disaster work will be shuttered.
Treasury Secretary Scott Bessent sold his mansion in a Charleston flood zone-and is making some good points about managing climate risk

2 months ago | susanpcrawford.substack.com | Susan Crawford

Last month, Treasury Secretary Scott Bessent said that his father was a real estate developer and a "boom-bust kind of guy." He told Chamath Palihapitiya and David Friedberg of the popular "All-In Podcast" that was where his "passion for risk management came from." Sec. Scott Bessent speaks with podcast hosts David Friedberg and Chamath PalipapitiyaWhen it comes to physical climate risks, Secy. Bessent's recent personal real estate moves are prudent.