Flood insurance quagmire demands bold reform, not stopgaps
Changes to the National Flood Insurance Program are always politically complex.
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Changes to the National Flood Insurance Program are always politically complex.
The National Flood Insurance Program — the federal money pit that created perverse incentives to own property in areas most susceptible to climate change — is set to expire again
Study suggests the U.S. may undervalue timesaving transportation infrastructure How much money is time worth? It’s an age-old question, but University of Chicago economists and their collaborators think they have found the answer—$19.38 per hour. It’s a finding with policy implications, according to the economists, because it suggests the U.S. government may currently be underestimating the value of travel time. To quantify the value of time, the economists created a field experiment involving 3.7 million users of the Lyft app in 13 cities. By manipulating the price ...