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[Tuff-Stuff]

AutomaticEarth<>Debt Rattle September 7 2017

Posted by Raúl Ilargi Meijer at 9:14 am


St. Maarten seen through the eye of Irma

• Irma Devastates The Caribbean (AlJ)

• Trump Sides With Democrats On Debt Limit In Rare Bipartisan Deal (R.)

• Fed’s Fischer Resigns, Leaving Trump Earlier Chance To Shape Central Bank (R.)

• Deutsche Bank Boss Calls On ECB To Halt Cheap Money (R.)

• New Leak Of Brexit Papers Reveals Fissures Between Britain And EU (G.)

• Consumption Exhaustion (Lebowitz)

• China Realizes It Needs Foreign Companies (Balding)

• Apple Needs iPhone 8 To Solve A Giant Financial Headache (BI)

• Catalonia Launches Its Independence Challenge Against Spain (AFP)

• Emmanuel Macron To Outline Vision For Europe’s Future In Athens Speech (G.)

• Crisis-Ridden Greek Households Cut Even On Milk And Bread (KTG)

Too early to say much of anything. Barbuda is gone. So is much of St. Martin. Close to uninhabitable.

If Irma hits Puerto Rico anywhere near full force, that would be exceedingly dramatic. Ditto for Haiti, Miami. This has just started.

NOAA Hurricane Hunters flight director Richard Henning on CNN: “Irma “is actually getting stronger. … You can’t overhype this storm”.

Irma Devastates The Caribbean (AlJ)

Nearly every building on the island of Barbuda has been damaged and almost 900,000 people have been left without power in Puerto Rico as the Category 5 Hurricane Irma continues its journey towards mainland US. About 60 percent of Barbuda’s roughly 1,400 people were left homeless, Gaston Browne, Antigua and Barbuda prime minister, told the Associated Press news agency, when the eye of the storm passed almost directly overhead early on Wednesday. “Either they were totally demolished or they would have lost their roof,” Browne said after returning to Antigua from a plane trip to the neighbouring island. “It is just really a horrendous situation.” Browne said roads and telecommunications systems were destroyed and recovery will take months. A two-year-old was killed as a family tried to escape a damaged home during the storm, he said.

Puerto Rico was buffeted by powerful winds and heavy rain as authorities struggled to get aid to small Caribbean islands already devastated by the storm. The US National Weather Service said Puerto Rico had not seen a hurricane of Irma’s magnitude since Hurricane San Felipe in 1928, which killed a total of 2,748 people in Guadeloupe, Puerto Rico and Florida. But as the storm moved west, it devastated the small islands in its path. Significant effects were reported on St Martin, an island split between French and Dutch control. Photos and video circulating on social media showed major damage to the airport in Philipsburg and the coastal village of Marigot heavily flooded. The US National Hurricane Center said Irma’s winds would fluctuate, but the storm would probably remain at Category 4 or 5 for the next day or two as it moves past just to the north of the Dominican Republic and Haiti on Thursday, nears the Turks & Caicos and parts of the Bahamas by Thursday night and touches Cuba on Friday night

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