‘Spider Rain’ as Millions of Baby Arachnids on Web Parachutes Fall from Sky
Imagine waking up to millions of baby spiders raining down from the heavens. It sounds like Charlotte’s Web meets Cloudy with a Chance of Meatballs – only a whole lot creepier.
Yet that’s exactly what happened in rural Golburn in the Southern Tablelands of New South Wales, Australia, according to The Sydney Morning Herald.
Ian Watson of Golburn told the paper that he looked up and saw a sky full of little black spiderlings and a tunnel of webs going up for hundreds of meters.
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An Australian naturalist said what’s called “ballooning” is a migration technique used by baby spiders, which climb up on a plant and release a streamer of silk web that is caught by the wind and carried away.
Martyn Robinson of the Australian Museum said the traveling spiders can go quite a distance, and that’s why there are spiders on every continent. They even land in Antarctica, he said, though they don’t last long.
Rick Vetter, an arachnologist, told the website LiveScience that "ballooning” is not unusual among certain types of spiders, but people just don’t notice it.
What is unusual, biology professor Todd Blackledge of the University of Akron in Ohio told LiveScience, is for millions of spiders to be blowing in the wind at the same time. He said the mass migration may have been caused by a sudden change in the weather that carried so many spiders aloft all at once.
The Washington Post says other incidents of so called spider rain have occurred recently in Texas, Brazil and another town in Australia.
Chart of the Day: SALT in the GOP’s Wounds
The stark and growing divide between urban/suburban and rural districts was one big story in this year’s election results, with Democrats gaining seats in the House as a result of their success in suburban areas. The GOP tax law may have helped drive that trend, Yahoo Finance’s Brian Cheung notes.
The new tax law capped the amount of state and local tax deductions Americans can claim in their federal filings at $10,000. Congressional seats for nine of the top 25 districts where residents claim those SALT deductions were held by Republicans heading into Election Day. Six of the nine flipped to the Democrats in last week’s midterms.
Chart of the Day: Big Pharma's Big Profits
Ten companies, including nine pharmaceutical giants, accounted for half of the health care industry's $50 billion in worldwide profits in the third quarter of 2018, according to an analysis by Axios’s Bob Herman. Drug companies generated 23 percent of the industry’s $636 billion in revenue — and 63 percent of the total profits. “Americans spend a lot more money on hospital and physician care than prescription drugs, but pharmaceutical companies pocket a lot more than other parts of the industry,” Herman writes.
Chart of the Day: Infrastructure Spending Over 60 Years
Federal, state and local governments spent about $441 billion on infrastructure in 2017, with the money going toward highways, mass transit and rail, aviation, water transportation, water resources and water utilities. Measured as a percentage of GDP, total spending is a bit lower than it was 50 years ago. For more details, see this new report from the Congressional Budget Office.
Number of the Day: $3.3 Billion
The GOP tax cuts have provided a significant earnings boost for the big U.S. banks so far this year. Changes in the tax code “saved the nation’s six biggest banks $3.3 billion in the third quarter alone,” according to a Bloomberg report Thursday. The data is drawn from earnings reports from Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
Clarifying the Drop in Obamacare Premiums
We told you Thursday about the Trump administration’s announcement that average premiums for benchmark Obamacare plans will fall 1.5 percent next year, but analyst Charles Gaba says the story is a bit more complicated. According to Gaba’s calculations, average premiums for all individual health plans will rise next year by 3.1 percent.
The difference between the two figures is produced by two very different datasets. The Trump administration included only the second-lowest-cost Silver plans in 39 states in its analysis, while Gaba examined all individual plans sold in all 50 states.