“These results provide evidence that natural disasters lead to declines in credit scores and mortgage performance, and that the effects persist or even worsen over time.” Ratcliffe et al. (2020) tinyurl.com/ywbjvfwt

Gallagher & Hartley correlate Equifax data with #Hurricane Katrina flooding. Consumer debt dropped. Homeowners used insurance+gov’t subsidies to pay off mortgages rather than rebuilding. For Katrina, some negative effects of natural disaster on #consumer-finance were avoided. tinyurl.com/zru7pxts

Hurricanes, floods and fires, more common because of climate change, have strong effects on low-income and heavily-indebted households, leading to higher bankruptcy rates. Canals-Cerdá and Roman review the literature as of 2021. tinyurl.com/42rzp969 #bankruptcy #floods #fires #hurricanes

Ibrahim Maalouf is often touring these days, selling out show and after show. I saw him in Théâtre du Blanc-Mesnil in early April. The band is big, featuring six trumpets and an amazing saxophone. Well worth a trip to wherever he is playing. #Paris #jazz www.ibrahimmaalouf.com/accueil/conc...

In Paris earlier this month on a long-delayed week of vacation, I was lucky to hear Bill Charlap at the excellent Le Duc des Lombards. Along with David Wong on bass and Carl Allen on drums, Charlap focused on the Great American Songbook. A pleasure. billcharlap.com for tour dates. #jazz #paris