6.6M Homes at Risk of Hurricane Damage This Year. Here’s Which States They’re In

6.6M Homes at Risk of Hurricane Damage This Year. Here’s Which States They’re In

REUTERS
By Beth Braverman

As hurricane season gets underway, real estate analytics firm CoreLogic is warning that there are more than 6.6 million U.S. homes at risk of being hit by a storm surge. That could lead to as much at $1.5 trillion in damage.

The homes are in 19 states and the District of Columbia along the Atlantic and Gulf Coasts. Six states account for more than three-quarters of all at-risk homes, with Florida having the most (2.5 million), followed by Louisiana (760,000), New York (465,000), New Jersey (446,148), Texas (441,304) and Virginia (420,052).

Related: How Climate Change Costs Could Soar to the Billions

“The number of hurricanes each year is less important than the location of where the next hurricane will come ashore,” CoreLogic’s senior hazard risk analyst said in a statement. “It only takes one hurricane that pushes storm surge into a major metropolitan area for the damage to tally in the billions of dollars. With new home construction, and any amount of sea-level rise, the number of homes at risk of storm surge damage will continue to increase.” 

The District of Columbia has the lowest number of properties at risk (3,700), followed by New Hampshire (12,400) and Maine (22,500

State Table (Ranked by Number of Homes at Risk)

Rank

State

Extreme

Very High

High

Moderate

Low*

Total

1

Florida

793,204

461,632

524,923

352,102

377,951

2,509,812

2

Louisiana

97,760

104,059

337,495

138,762

82,196

760,272

3

New York

127,325

114,876

131,039

91,294

N/A

464,534

4

New Jersey

116,581

178,668

73,303

77,596

N/A

446,148

5

Texas

45,800

70,894

112,189

116,168

96,253

441,304

6

Virginia

94,260

115,770

98,463

84,015

27,544

420,052

7

South Carolina

107,443

57,327

65,885

46,799

30,961

308,415

8

North Carolina

73,463

51,927

48,595

40,155

37,347

251,487

9

Massachusetts

31,420

65,279

74,413

49,325

N/A

220,437

10

Maryland

47,990

39,966

27,591

28,975

N/A

144,522

11

Georgia

41,970

52,281

28,852

19,190

8,465

150,758

12

Pennsylvania

1,467

45,776

37,983

32,426

N/A

117,652

13

Mississippi

14,809

20,643

29,387

27,507

10,588

102,934

14

Connecticut

25,292

23,656

22,230

26,529

N/A

97,707

15

Alabama

7,403

12,707

10,182

13,749

14,086

58,127

16

Delaware

11,523

10,854

13,528

13,811

N/A

49,716

17

Rhode Island

6,595

5,988

6,720

7,187

N/A

26,490

18

Maine

5,159

2,753

7,368

7,211

N/A

22,491

19

New Hampshire

2,514

3,470

4,234

2,272

N/A

12,490

20

District of Columbia

N/A**

N/A**

545

3,123

N/A

3,668

Total

1,651,978

1,438,526

1,654,925

1,178,196

685,391

6,609,016


* The "Low" risk category is based on Category 5 hurricanes, which are not likely along the northeastern Atlantic coast. States in that area have N/A designated for the Low category due to the extremely low probability of a Category 5 storm affecting that area.
** Washington, D.C. has no Atlantic coastal properties, but can be affected by larger hurricanes that push storm surge into the Potomac River. Category 1 and 2 storms will likely not generate sufficient storm surge to affect properties in Washington, D.C. 

When Uber Isn’t Uber Enough

Meet Blade, the Uber for Helicopters in NYC

Blade
By Eric Lawrence

Uber may be convenient, but New York’s Hamptons set doesn’t always have the time or patience to deal with the traffic getting out to their summer spots on Long Island’s East End.

Blade, which calls itself “the first digitally driven short distance aviation company,” says it has a solution for those who want to get to East Hampton within the hour, or Southampton in 35 minutes: Ordering their own chartered helicopter via an app.

Related: 10 Biggest Tech Flops of the Century​

Once you download the app, you can select your flight time, chill out in a Blade lounge at a Manhattan heliport and then enjoy “a snack, a drink, a newspaper and lots of other fun things” on your flight. Passengers are allowed one carry-on weighing 25 lbs. maximum — but no golf clubs.

The service, which launched in May 2014, doesn’t come cheap, at $595 per seat to go to Quogue, Southampton, East Hampton, Montauk or Fire Island. Blade can also be booked for trips to Nantucket, Martha’s Vineyard, Cape Cod and some other destinations in the Northeast as well as to the New York area’s major airports.

The website advises that if your flight is grounded due to bad weather, you’ll be offered a ride to your destination in a chauffeured Mercedes at no extra cost.

Top Reads from The Fiscal Times:

The Best and Worst States for Student Debt

REUTERS/Steve Dipaola
By Suelain Moy

Where you go to college and what major you pick can have huge financial consequences, but where you live after graduating can also have a big impact on how much your diploma is worth — and how well you can handle your student debt.

How likely are you to land a good paying job? How high will your living expenses be? The answers to those questions and others like them go a long way to determining how burdensome those monthly student loans payments are.

Related: The Best Investment the U.S. Could Make—Affordable Higher Education

To ensure your loan doesn’t break you, experts suggest that your payment should not exceed 8 to 10 percent of your monthly income.

Unsurprisingly, the personal finance website WalletHub says, “Student-loan borrowers will fare better in states that produce a combination of lower college-related debt levels, stronger economies and higher incomes.”

To find those states, WalletHub looked at seven metrics, with special emphasis given to student debt as a percentage of average income, the local unemployment rate for people aged 25 to 34 and the percentage of borrowers aged 50 or older. Here are the 10 best and worst states for student debt. You can click on your state on the map below to see where it ranks.

Related: Private Student Loans: Everything You Need to Know

10 Best States for Student Debt

  1. Utah
  2. Wyoming
  3. North Dakota
  4. Washington
  5. Nebraska
  6. Virginia
  7. Wisconsin
  8. Minnesota
  9. Colorado
  10. South Dakota

10 Worst States for Student Debt

  1. Mississippi
  2. Rhode Island
  3. Connecticut
  4. Maine
  5. Georgia
  6. South Carolina
  7. New York
  8. Alabama
  9. West Virginia
  10. Oregon

Source: WalletHub

Why We’re Wasting Billions on Teacher Development

REUTERS/Mario Anzuoni
By Beth Braverman

School districts spend an average $18,000 per year on teacher development, and teachers devote about 10 percent of their time to professional learning, but a new report finds that such programs may not be producing any measurable results.

The report, released today by TNTP, a nonprofit aimed at addressing educational equality, finds even with development programs, teachers do not show much improvement year over year, and the performance for the vast majority (70 percent) remained constant or declined over the past two to three years.

The report’s authors believe the lack of improvement stems from low expectations for teacher development and performance, and they suggest that schools need to rethink completely the ways that they measure teacher performance and the way they conduct student development.

Related: The Education Department Is Failing Students Who Got Defrauded

The study evaluated information on more than 10,000 teachers at three large school districts and a charter network covering nearly 400,000 students.

The authors report that teachers who do show improvement do not appear to be the result of deliberate, systemic efforts, and show no clear patterns that could improve development for others. “The absence of common threads challenges us to confront the true nature of the problem,” they write. “That as much as we wish we knew how to help all teachers improve, we do not.”

Rather than offer specific solutions, the authors suggest that schools redefine professional development, re-evaluate professional learning programs, and reinvent the ways they support teachers.

Top Reads from The Fiscal Times:

Happy Watermelon Day! 16 Sweet, Juicy Facts You Didn’t Know

An Asian elephant eats a watermelon on a hot day at the Everland amusement park in Yongin
REUTERS/Lee Jae-Won
By Suelain Moy

Frida Kahlo painted them and poets have celebrated them. In his “Ode to the Watermelon,” Pablo Neruda described it as “a fruit from the thirst-tree” and “the green whale of the summer.” He wrote: “its hemispheres open/showing a flag/green, white, red,/ that dissolves into/wild rivers, sugar, delight!” Abundant in summer, watermelons are by their very nature sweet and heavy, plus they’re full of vitamins: A, B6, and C. Aug. 3 is National Watermelon Day. We celebrate it here with 16 fun facts.

Related: Born in the USA: 24 Iconic American Foods

  • Watermelons are 92 percent water.

  • The word “watermelon” first appeared in English dictionaries in 1615, according to John Mariani’s The Dictionary of American Food and Drink.

  • Watermelons are related to pumpkins, as well as cucumbers and squash.

  • The world’s largest watermelon was grown by Lloyd Bright of Arkadelphia, Arkansas in 2005 and weighed 268.8 pounds, according to the Guinness Book of World Records.

  • Watermelons originated in southern Africa.

  • They appear in Egyptian hieroglyphics nearly 5,000 years ago. Watermelon seeds were found in the tomb of King Tut.



  • Early explorers carried watermelons on long trips as a source of water, like canteens.

  • Watermelons are both fruits and vegetables.

  • China is the largest producer of watermelons in the world today, followed by Turkey and Iran.

  • The U.S. currently ranks fifth in watermelon production worldwide. Georgia, Florida, Texas, California and Arizona are the states that grow the most watermelon.

  • On April 17, 2007, the Oklahoma State Senate passed a bill declaring watermelon as the official state vegetable.

  • Over 1,200 varieties of watermelon are grown in 100 countries across the world.

  • Watermelons were introduced to the New World by European colonists and African slaves. Spanish settlers started growing watermelon in Florida in 1576.

  • One cup of watermelon has more lycopene, a pigment with antioxidant effects, than a large fresh tomato.



  • You can eat the seeds. And the rind. Here’s a recipe for pickled watermelon rind.

  • Are your muscles feeling sore? Have some watermelon before your next workout. The juice contains L-citrulline, which the body converts to L-arginine, an amino acid that helps relax blood vessels and improves circulation.

Top Reads from The Fiscal Times:

Why Believing Donald Trump Will Be the GOP Nominee Is Delusional

U.S. Republican presidential candidate Donald Trump listens to a question at the Family Leadership Summit in Ames
REUTERS/Jim Young
By Eric Pianin

Despite his commanding lead at this early stage among GOP candidates, the 2016 nomination is anyone’s game. 

It is risky to put too much stock in the latest findings, including the NBC/Wall Street Journal poll released Sunday. That’s because the national telephone survey of 1,000 adults included only 252 registered voters who said they would vote for a Republican, and the poll has a margin of error of plus or minus 6.17 points.

Related: Why Jeb Bush’s Pragmatic Immigration Plan Has No Chance of Passing in the House

There are plenty of downsides to Trump’s candidacy – including his threat to mount a third-party campaign if he is denied the Republican nomination -- which has alarmed GOP leaders who are looking down the road to the general election.

Trump has the highest negatives of any of the top tier candidates, and a majority of Americans in the survey said they think Trump is hurting the Republican Party. Not surprisingly, the vast majority of Democrats interviewed said Trump was harming his party’s image, but nearly half the Republicans interviewed said the same thing.

Political analyst Nate Silver notes that Trump ranks just 13th in overall favorability among Republicans in a series of national polls. “If you’re going to imply that a candidate is popular based on their receiving 20 percent of the vote, you ought to consider what the other 80 percent thinks about him,” Silver wrote recently in his FiveThirtyEight blog. “Most Republicans who don’t plan to vote for Trump are skeptical of him instead.”

Related: Donald Trump Just Showed Why His Campaign Is Doomed

What’s more, about three in four Latinos said they have a negative view of Trump – and that more than half consider his comments about lawless Mexican immigrants to be racist or highly inappropriate, according to a separate NBC News/Wall Street Journal Telemundo poll released today.

The survey of 250 Hispanic-American voters revealed widespread hostility towards Trump, with only 13 percent saying they have a positive view of him.

The Republican presidential frontrunner has said repeatedly that many Latino voters “love” and support him, and that he would win the majority of that vote if he ends up as his party’s nominee. There is little evidence in this poll to suggest Trump is dealing with reality.

Top Reads from The Fiscal Times: