Word: droughts
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...brink of ruin who receives an empathetic letter from his father. A celebration of resilience and hope, it is as moving a piece of Australian verse as has been published in decades. It's also pertinent. The driest continent on earth is in the grip of the worst drought in its recorded history. Beginning in 2002 and spanning, at times, the breadth of the country, the dry spell has pushed farmers to the limits of their ingenuity and patience. Some have cracked. In this hot land, the suicide rate in rural areas is 20% higher than in the cities...
...connect to a new pipeline, and discharge a liquid cargo essential to the running of the city. The ship will not, however, be carrying oil or petroleum. It is the first of many shipments of drinking water that form part of a program to slake the thirst of this drought-plagued city. Other proposals, such as a controversial plan to divert water from the Ebro river, have pitted the Catalan capital against farmers and other cities, in a mild foretaste of the water-wars that some have darkly predicted will afflict major regions of the planet in the coming years...
...Spain is in the grip of its worst drought in a century as a result of climate change - this year's total rainfall, for example, has been 40% lower than average for the equivalent period, and the country's reservoirs are, on average, only 30% full. The reservoirs serving Barcelona are only 20% full, and without significant rainfall, supplies of drinking water will likely run dry by October. "We're in crisis," says Joan Armengol, professor of ecology at the University of Barcelona. "And you can't leave 5.5 million people in crisis. The government has to take the bull...
...insulation manufacturer Johns Manville, carpetmaker Shaw--have taken hits, with profits down as much as 41% for 2007. Buffett barely blinks. "Is a carpet business in a postbubble period worth less because it's earning less now? No," he says. "If you own a farm and you have a drought once every 10 years, you don't mark down the value of your farm 30% the year of the drought...
...grain-feed prices have risen as a result of a drought in Australia as well as the accompanying use of corn for ethanol, which has reduced the amount available for feed for Japan's cows. The drought has also cut back on milk that would have been imported to supplement the Japanese market. Combined with competing demand for milk and milk products from emerging markets in China and Russia, the result is a collapse of the local butter production in Japan...