Category: Hurricanes
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Proposed laws would allow billions in Florida retirement, other funds to be invested in risky Bitcoin
By Dan Christensen
FloridaBulldog.org
Republican legislators have filed bills that would authorize politicians and bureaucrats who oversee Florida’s General Revenue Fund, the Florida Retirement System (FRS), the Hurricane Catastrophe Fund and other huge state funds to invest up to 10 percent of their cash in Bitcoin and “other digital assets.” -
The Red Cross’ Secret Disaster
By Justin Elliott and Jesse Eisinger;Laura Sullivan
ProPublica and NPR
In 2012, two massive storms pounded the United States, leaving hundreds of thousands of people homeless, hungry or without power for days and weeks. Americans sent hundreds of millions of dollars to the Red Cross, confident their money would ease the suffering. They believed the charity was up to the job. They were wrong. -
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How Cellphone Companies Have Resisted Rules for Disasters
By Cora Currier
ProPublica
In a natural disaster or other emergency, one of the first things you’re likely to reach for is your cellphone. Landlines are disappearing. More than 30 percent of American households now rely exclusively on cellphones. Despite that, cell carriers have successfully pushed back against rules on what they have to do in a disaster.
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