Climate Alarmists Get Burned
Since the early 2000s, when 3% of the world’s land caught fire, the area burned annually has trended downward. Last year, fires in the U.S. burned less than one-fifth of the average burn in the 1930s and likely only one-tenth of what caught fire in the early 20th century. In 2022, the last year for which there is complete data, the world hit a record low of 2.2% of burned area.
More Than 15% of LI Housing Is Rentals
Rentals account for 17.1% of housing in Suffolk, and 16.1% in Nassau. That compares to 35.5% in Westchester, and a national average of 34.6%, according to census data. Rents have also shot up significantly from $1,407 a month in Nassau in 2010 to $1,940 in 2021. In Suffolk, rents jumped from $1,427 a month in 2010 to $1,895 in 2021.
LI’s Shrinking Farmland
Suffolk County has more than 30,000 acres of remaining farmland. Nearly 600 farms on the Island had nearly $230 million in total sales. In addition, there are fewer than 1,000 acres for potatoes; meanwhile, wineries, farm stands and amusement park-type farms are changing the region.
Drowning in Debt
A recent report from the New York Fed found that credit card debt in the second quarter of this year reached a record $1.03 trillion, compared to $986 billion the previous quarter. As a result, the delinquency rate on credit card payments has risen to 7.2% — higher than it was before the pandemic. Meanwhile, higher interest rates just push credit card balances even higher.