Daily News: Weather News Headlines - [$$] Harsh Weather Weighs on Retailers' February Sales

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Thursday, Mar 06, 2014 06:37 PM PST
Today's Weather News Headlines - Yahoo! News: [$$] Harsh Weather Weighs on Retailers' February Sales Fed should be patient, keep trimming U.S. stimulus: Lockhart Scorcher summers predicted for Europe Effects of Climate change Harry Reid: 'Climate Change Is The Worst Problem Facing The World Today' House passes bill to block Obama climate plan EPA chief says new U.S. energy rules won't hobble business

[$$] Harsh Weather Weighs on Retailers' February Sales  Thursday, Mar 06, 2014 06:37 PM PST Severe winter weather continued to pressure retail sales in February, but improved traffic later in the month suggests sales may pick up once the spring thaw begins. Full Story	Top
Fed should be patient, keep trimming U.S. stimulus: Lockhart  Thursday, Mar 06, 2014 05:16 PM PST By Jonathan Spicer WASHINGTON (Reuters) - It could be another two months before the U.S. Federal Reserve can determine whether recent weak economic data is truly weather-related or something more permanent, so policymakers should keep trimming their bond-buying stimulus, a top Fed official said on Thursday. In an interview, Atlanta Fed President Dennis Lockhart said flatly that the central bank should keep reducing its policy accommodation even if the February jobs report on Friday falls short of expectations, making for three straight months of sub-par hiring in the world's largest economy. "In my mind, unless we really fall off track in the economy pretty dramatically, I think the tapering program should proceed," Lockhart told Reuters, adding that he has "modest" expectations for the government's nonfarm payrolls report. Lockhart attributed the weak data to the severe winter weather that has gripped much of the United States and issued a word of caution to anyone expecting the Fed to abruptly back off a plan to wind down its bond purchases by later this year. Full Story	Top
Scorcher summers predicted for Europe  Thursday, Mar 06, 2014 05:13 PM PST Europe is headed for scorching summers with temperatures well over 40 degrees Celsius (104 deg Fahrenheit) and droughts in the south within the next 40 years, climate scientists said Friday. Europe is expected to witness some of the most dramatic climatic changes due to global warming, according to research published in the journal Environmental Research Letters. As well as hotter summers, Europe's north should see considerably milder winters -- some 5 C to 8 C warmer in Scandinavia and Russia. "Most of Europe will experience higher warming than the global average" of 2 C, said the team. Full Story	Top
Effects of Climate change  Thursday, Mar 06, 2014 03:51 PM PST In today's day and age global warming may seem like a minimal problem now, but let an event like Sandy serves as a wake-up call for us.  If global warming is already causing problems now, in the future it could get worse. Not only will storms li Full Story	Top
Harry Reid: 'Climate Change Is The Worst Problem Facing The World Today'  Thursday, Mar 06, 2014 03:16 PM PST WASHINGTON -- Senate Majority Leader Harry Reid said Thursday that climate change is a really big deal -- the biggest, in fact. "Climate change is the worst problem facing the world today," said the Nevada Democrat at a roundtable with reporters. Reid has been growing ever more assertive on climate change. Last June, he said in a speech on the Senate floor that "we have no more important issue in the world than this issue, period." Four years ago, it was the Democrat-led Senate that effectively killed off major climate legislation. Full Story	Top
House passes bill to block Obama climate plan  Thursday, Mar 06, 2014 03:11 PM PST WASHINGTON (AP) — Aiming at the heart of President Barack Obama's strategy for fighting climate change, the Republican-controlled House voted Thursday to block the administration's plan to limit carbon pollution from new power plants. Full Story	Top
EPA chief says new U.S. energy rules won't hobble business  Thursday, Mar 06, 2014 02:36 PM PST By Ernest Scheyder HOUSTON (Reuters) - Carbon regulations can be crafted to help offset climate change without "shutting down business in its tracks," U.S. Environmental Protection Agency Administrator Gina McCarthy said at a major energy conference on Thursday. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago. "We don't have to choose between a healthy environment and a healthy economy," McCarthy, who has run the EPA for nearly a year, said about new rules she said would be proposed by this summer. "We know conventional fuels like coal and natural gas are going to continue to play a critical role in a diverse U.S. energy mix." The Houston visit came about a week after McCarthy toured North Dakota, trying to convince the state's coal, oil and ethanol producers that her agency was not trying to burden their industries with onerous regulations. Full Story	Top

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