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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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After a judge ordered Trump's name be removed from the Kennedy Center, president says it will 'soon be closed, probably never to open again'

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U.S. says deals with Iran for safe Hormuz transit are prohibited
EnvironmentAlaska

Alaska declares snow emergency as 4 homeless die from El Nino snowfall of 9 inches in 24 hours

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 13, 2023, 11:16 AM ET
It's only November, but snow is falling in record amounts in Alaska.
It's only November, but snow is falling in record amounts in Alaska. Marc Lester/Anchorage Daily News/Tribune News Service via Getty Images

In an average November in Anchorage, Alaska, residents can expect to see a little over 12 inches of snow over the course of the month.

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Last week, in the span of two days, more than twice the much fell, with Wednesday shattering a single-day record with nine inches of snow in 24 hours. Some parts of the city saw 30 inches of snow total, resulting in road closures, power outages and school closings.

It’s just the beginning in what is expected to be a wild and perhaps unpredictable winter in America’s northernmost state. The city’s mayor has already declared a snow emergency, which will run through Nov. 17 at 6 p.m. City offices are closed to the public on Monday.

The storm is being blamed for four deaths so far, as homeless people who opted against going into a shelter died from events tied to the cold.

A winter storm warning remains in effect for Anchorage through noon AKST with accumulations expected of 6 to 9 inches, with some areas seeing another 12.

This winter is an El Niño year, and that could disrupt traditional winter weather patterns across the country as much as it did the summer. The last El Niño winter was 2018-2019 and resulted in an ice storm that brought snow and ice as far east as Charleston, SC. That was a mild El Niño. The one in 2023-2024 is expected to be stronger.

The NOAA, last month, predicted wetter-than average conditions for Alaska through February. Ironically, though, the state is expected to see warmer-than-average conditions on the whole this winter, as weill the Pacific Northwest and northern New England.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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