News Snapshot:
Courtesy of the Financial Times, an article on the economic impact that drought is having upon China, U.S., and Europe: Factories grinding to a halt, crops devastated, cargo ships forced to carry smaller loads and millions facing a risk of blackouts — these are just some of the drastic consequences of record low river levels during droughts that are gripping the US, Europe and now China. In the US, the historic lows in water levels in the critical Colorado Basin as a result of the southwestern ‘megadrought’ prompted a federal demand for the states of Arizona and Nevada to cut...
