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TJX Companies is confident in navigating weather-related events such as El Niño due to its warehouse distribution model, CEO Ernie Herrman said in a Q2 earnings call on Aug. 19.
Herrman said since the company keeps its liquidity and shipping out of its warehouses, it has better control than traditional retailers. Inventory doesn't need to go straight to the stores if the off-price retailer thinks there's going to be an unusual weather pattern in a certain region, he added.
"[T]his is a benefit of our model where we stage goods in our warehouses versus goods at most brick-and-mortar retailers come into the warehouse and have to go out," Herrman told **** ysts. He added that the company's "planning organization is really good at reacting to any wild swings in weather or natural disasters or any of those red flags."
Off-price retailers and classic retailers tend to have different supply chain models when it comes to how they manage their inventory, but it's not one-size fits all, Dheera Anand, a partner at Bain and Co., told Supply Chain Dive in an interview. The supply chain strategy Hermann described in TJX's earnings call is known as the hold and flow, or staged, model, Anand said.

#supply

Extreme weather is creating a more demanding environment for property owners, insurers, and communities. According to the National Centers for Environmental Information (NCEI), the United States recorded 27 confirmed billion-dollar weather and climate disasters in 2024, resulting in a total cost of $182.7 billion. These events spanned a wide range of extremes, including severe storm events, tropical cyclones, wildfires, drought/heat waves, and winter storm/cold wave events. Over the last decade, ***** ulative losses from these disasters have exceeded $1.4 trillion, driven significantly by population growth, material wealth, and increased development in hazard-prone areas. These figures suggest that the financial consequences of extreme events may increasingly depend on how accurately the value of exposed property is understood before a loss occurs.
That question becomes especially consequential during reconstruction. A 2026 report from Bloomberg, featured in Claims Journal, noted that surveys conducted by United Policyholders since 2007 found an average of two-thirds of wildfire survivors reporting that they were underinsured, with an average shortfall of $200,000 or more. The Insurance Information Institute has similarly estimated that two-thirds of American homeowners may be underinsured for wildfire losses, typically by about 20%, and in some cases by as much as 60%. These findings illustrate how the presence of an insurance policy can still leave a substantial difference between available coverage and the resources required to rebuild, particularly when construction costs rise after a catastrophe.
The financial implications can extend across the broader insurance ecosystem. Aon's 2026 Climate and Catastrophe Insight reported approximately $260 billion in global economic losses from natural catastrophes during 2025, compared with $127 billion in insured losses. For property stakeholders, such a figure may place greater attention on the relationship between the value ***** igned to an ***** et, the cost of restoring it, and the capital available when a loss occurs.
Frequency can add another layer to that calculation. Data from NCEI indicate that the average interval between U.S. billion-dollar disaster events was approximately 16 days during 2020–2024, compared with 82 days during the 1980s. NCEI notes that shorter intervals can leave less time and fewer resources for response, recovery, and preparation for subsequent events. As the time between major events contracts, property valuations may require more frequent attention because construction costs, labor conditions, materials, and local economic circumstances can change between policy reviews.

#property #losses #insurance #information

PG&E Corp (NYSE:PCG) shares fell more than 19% after California lawmakers advanced wildfire legislation that stopped short of the liability protections utility investors had been seeking.
The amended Senate Bill 492 excludes a proposal from Governor Gavin Newsom that would have blocked insurance companies from suing utilities over wildfire-related claims, raising fresh concerns about Pacific Gas and Electric Company's exposure to future disasters.
PG&E said the legislation, amended by the California Legislature, would make some progress on wildfire risk reduction and recovery but would not provide the sustainable solution the state needs.
"Specifically, the bill does not adequately address the financing risks created by California's current wildfire liability framework," the company said in a statement. "As a result, it falls short of creating the long-term durability needed to attract affordable investment to support a safer, more reliable energy system and help keep costs down for customers."
The company pointed to an April report from the California Earthquake Authority, which found that existing funding mechanisms are not sufficient. PG&E said SB 492 does not adequately address those concerns.

#wildfire #legislation #short #adequately

BEIJING, Aug 29 (Reuters) - The threat of a lake formed after a glacier collapse bursting near the China-Nepal border where a devastating flood occurred earlier this week has decreased, Chinese authorities said ‌on Saturday, as its size appears to have shrunk.
Satellite images from Thursday to Saturday morning suggest that ‌water in the lake – straddling the China-Nepal border at the confluence of two rivers – has been slowly flowing through, decreasing the reservoir gradually, state broadcaster CCTV reported citing the Water Resources Ministry.
The ministry said satellite imagery of the surface area of the lake at Purepu Tsangpo river showed it was 99,000 sqm in size on early Saturday morning – around the size of 14 football fields combined – having shrunk by 21,000 sqm compared with images from Thursday.
A glacier collapse on Wednesday sending a powerful torrent of rock, ‌ice, mud and debris through Himalayan ⁠mountain river systems swept away a border port complex linking China's Tibet to Nepal, killing hundreds and leaving thousands missing.
Experts and authorities have warned of the extremely high risk of ⁠secondary disasters in the valley, especially from the lake that was formed by glacier debris, potentially endangering rescue operations downstream.

#border #thursday #satellite

Aristotle Capital Management, LLC, an investment management company, released its "Value Equity Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a 4.32% total return in Q2 2026, underperforming the 13.87% gain for the Russell 1000 Value Index and the 15.20% return for the S&P 500, while its 1.99% year-to-date return also lagged the Russell 1000 Value Index's 16.26% and the S&P 500's 10.21%. The Fund attributed the performance gap largely to limited exposure to the AI infrastructure spending boom, noting that the U.S. has about 4,000 existing data centers and nearly 3,000 more planned or under construction, while AI-related demand has created bottlenecks in processors and memory. The letter highlighted the scale of the cycle, with industry cash flows in key AI hardware areas rising sharply, while the Russell 1000 Value Index's top 10 contributors gained an average 182% year to date and accounted for 9.29 percentage points of the index's 16.23% return. Looking ahead, the fund expects investors to eventually reassess the sustainability of current AI infrastructure earnings and valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Aristotle Value Equity Fund highlighted stocks like Motorola Solutions, Inc. (NYSE:MSI). Motorola Solutions, Inc. (NYSE:MSI) provides mission-critical communications, public safety, video security, and enterprise security solutions. The one-month return of Motorola Solutions, Inc. (NYSE:MSI) was 11.66% while its shares traded between $359.36 and $493.57 over the last 52 weeks. On August 27, 2026, Motorola Solutions, Inc. (NYSE:MSI) stock closed at approximately $487.28 per share, with a market capitalization of about $80.52 billion.
Aristotle Value Equity Fund stated the following regarding Motorola Solutions, Inc. (NYSE:MSI) in its Q2 2026 investor letter:
Motorola Solutions, Inc. (NYSE:MSI), the provider of mission-critical communications and security systems, was one of the largest detractors during the quarter. Shares declined as higher memory and supply chain costs weighed on near-term margin expectations. While these factors affected near-term results, they do not change our long-term thesis. At the core of the company is its land mobile radio business, which provides the communication backbone used by police, fire, and emergency responders—particularly during natural disasters or other high-stress situations when commercial networks may become congested or unavailable. These systems are deeply embedded in public safety agencies, where reliability, control, and resiliency are non-negotiable, and customer relationships are often supported by long-term service agreements, predictable equipment refresh cycles, and decades of trust. Importantly, Motorola is using this installed base to broaden its platform, integrating radios with video security, body-worn cameras, and command center so

Aug 26 (Reuters) - A massive flash flood killed at least nine people on Wednesday in the Himalayan border areas of ‌Nepal and adjoining Tibet, washing away villages, damaging roads, ‌bridges and power projects, with authorities fearing more casualties.
Here are some of the biggest disasters in the Himalayas over the last dozen years, which some ***** ysts have blamed on climate change and widespread development.
AUGUST 2025
Four die, with dozens missing, in sudden flooding and landslides in the Indian state of ‌Uttarakhand.
SEPTEMBER 2024

#himalayan #tibet #here #Indian

BEIJING, Aug 7 - Multiple districts in Beijing issued heavy rainfall warnings on Friday evening with authorities ‌warning residents of disasters including floods in the ‌city centre and also mudslides and landslides in agricultural and mountainous areas.
• The extreme rains come as China readies for Typhoon Dolphin, which is expected to make landfall along the country's eastern coast from Sunday to Monday.
• Beijing's Dongcheng, Xicheng, Haidian, Chaoyang, ‌Tongzhou and Pinggu ⁠districts all issued heavy rain warnings expecting hourly rainfall to exceed 50 millimeters.
• The highest ⁠rainfall occurred in Miyun district in northeast Beijing on Friday afternoon where precipitation reached 99.5 millimeters.
• Authorities said they have deployed more than 2,000 staff to help with the flooding around ‌Beijing.

#districts #issued #millimeters

By Nate Raymond
Aug 7 (Reuters) - Two federal judges on Friday cleared the way for U.S. President Donald Trump's administration to end temporary protections from deportation that ‌had allowed thousands of people from South Sudan and Myanmar to live and ‌work in the United States.
Judges in Boston and Chicago rejected last-ditch efforts by immigrant-rights advocates to maintain the Temporary Protected Status designations for the two countries after the U.S. Supreme Court in June allowed the administration to end similar protections for thousands of people from Haiti and Syria.
The Supreme Court's ruling, powered by its 6-3 conservative majority, curtailed the ability of lower-court judges to review the U.S. ‌Department of Homeland Security's efforts under ⁠Trump to end TPS for about a dozen countries.
The designation covers people whose home countries have experienced natural disasters, armed conflicts or other extraordinary ⁠events, providing eligible migrants temporary protection from deportation and work authorization.

#judges #temporary #countries #protections

BARRON'S INVESTOR CIRCLE
Market disasters, much like those in life, rarely end up being as catastrophic as they feel in the moment. Fear tends to amplify every headline and every selloff until the outcome seems inevitable, as it did for private credit names like Blue Owl
OWL
-0.17%
earlier this year.
OWL
-0.17%

#like #circle #disasters #life

As crews battle fast-moving wildfires that have destroyed hundreds of structures and forced thousands to evacuate in the Spokane area, one wildfire survivor is urging Americans to prepare before disaster strikes.
Former Los Angeles mayoral candidate and reality personality Spencer Pratt, whose Pacific Palisades home was destroyed in the 2025 Palisades Fire, said the devastation unfolding in Spokane is a warning for communities across the country.
"My deepest sympathies to the folks in Spokane who just lost everything in an instant," Pratt wrote in a lengthy social media post Sunday. "Nothing can really prepare you for this devastation."
Pratt, who has been outspoken about the emotional and financial toll of losing his own home, warned that communities across the country should not ****** ume they are immune from similar disasters.
Palisades Fire Suspect Allegedly Driven By 'Societal Revenge,' Behavioral ****** yst Testifies In Court

#palisades #destroyed #devastation

George Kamel calls spousal allowance systems 'offensive to all people groups,' arguing they treat marriage like an employment contract and breed resentment.
Kamel recommends one joint checking account with a shared budget and equal no-questions-asked fun-money lines for each spouse.
Even on a $6,000 monthly budget, setting equal $200 fun-money amounts for each spouse makes financial partnership operational regardless of who earns the paycheck.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Ramsey Solutions personality George Kamel does not mince words about the "splowance" trend on social media. In his segment 22 Minutes of Family Money Disasters, he reacted to a woman who pitched a structured monthly allowance system where a husband pays his wife a $300 base rate, plus tiered bonuses called "sweets" ($15 each) and "spoils" ($25 each) for acts like love notes or massages. His verdict: the whole framework of one spouse doling out money to the other should be "offensive to all people groups."

#money #people #like

NEW YORK (AP) — A first-of-its-kind U.S. study suggests invasive mold infections may be an underappreciated — and potentially deadly — threat.
The researchers detected about 450 cases in Atlanta-area hospitals over five years. About a third of the patients died in the hospital.
The findings, published this week by the U.S. Centers for Disease Control and Prevention, come from an attempt to better gauge how common these kinds of illnesses are. The government does not require doctors to report the illnesses.
"It's kind of the first time we've had an estimate like this," said the CDC's Dr. Jeremy Gold, the study's senior author.
And it's important to understand it now, because the problem may grow in the future, he added. Mold exposure is a recurring problem in the wake of hurricanes, floods and other natural disasters influenced by climate change, researchers have found.

#disease

BOSTON (AP) — More than two dozen states on Thursday sued the Trump administration for requiring them to comply with election and immigration conditions to receive billions of dollars in federal funding for disasters.
The lawsuit, filed in Rhode Island and challenging Federal Emergency Management Agency and Department of Homeland Security policies, argued that the administration is requiring states to change their elections systems and help DHS with immigration enforcement. The conditions would also allow DHS to terminate grants at any time and for any reason.
"Once again, the Trump Administration is threatening to jeopardize public safety by unlawfully withholding billions in critical funding and once again, they won't get away with it," Rhode Island Attorney General Peter Neronha said. "This Administration is using the safety of Americans as collateral by attempting to bully the states into relinquishing their constitutional right to enact policies and laws that best serve their residents."
The states argue putting conditions on congressionally appropriated funding violates the Administrative Procedure Act and the U.S. Constitution's spending clause. A spokesperson for the Department of Homeland Security did not immediately respond to a request for comment.
The lawsuit is one of scores that have challenged the Trump administration over its repeated effort to browbeat mostly Democratic states into complying with its priorities to get billions of dollars in federal funding. The strategy has been used on everything from education funding to domestic violence grants to highway funding.

#federal

The USMNT's World Cup run comes to a crashing, embarrassing halt after a 4-1 dismantling by Belgium in the Round of 16. Hosts Christian Polanco and Alexis Guerreros try to process a complete tactical and fundamental capitulation on home soil. Despite winning the possession battle with 57%, the Americans looked paralyzed by fear and completely disconnected on the pitch. This allowed a heavily rotated Belgian squad playing without Kevin De Bruyne or Jérémy Doku to exploit amateur defensive errors from start to finish.
MLS on Apple TV ***** yst Taylor Twellman joins the studio to deliver a brutal reality check on the current state of US Soccer. The guys pull no punches dissecting individual disasters, including Sergiño Dest's fatal ball-watching on Belgium's early goals and 38-year-old Tim Ream being targeted and posterized in aerial duels. They also ***** yze Christian Pulisic's rough night where he was dispossessed 11 times before exiting with a calf injury. This left Malik Tillman as the lone starting bright spot after scoring the USA's solitary goal.
Beyond the pitch, the crew debates the psychological toll of the Folarin Balogun red-card reinstatement saga and Donald Trump's external political meddling. Looking ahead to the future, they review Mauricio Pochettino's cryptic post-match comments regarding his uncertain future with the federation. They debate what structural changes—from youth academy coaching overrides to a high-pressure promotion and relegation culture—are desperately needed to bridge the gap between American athleticism and elite international football intelligence.
Timestamps:
(0:18) – USMNT out of the World Cup: how did the USA capitulate 4-1 to Belgium?

This week’s list of two-start pitchers has three headliners but falls off quickly after that point. In fact, fantasy managers will may want to leave all of the additional options on waivers and instead focus on streaming the top one-start options.
On the hitting side, the Rockies have multiple players who should be added and streamed this week.
Griffin Jax, Rays, 41% (@ KC, @ HOU): Moving Jax to the rotation has been a tremendous success for the Rays, as the right-hander has posted a 2.40 ERA and a 1.20 WHIP across 11 starts. His ceiling is capped by his inability to work deep into games, but Jax still has proven his win potential by logging five innings in six of his past eight starts. The Royals and Astros have both been average against righties, and Kansas City has been one of baseball’s worst offenses on the road. The matchups are good enough to make Jax the top option in an shallow group.
Sean Burke, White Sox, 42% (@ BAL, @ CLE): After enduring some inconsistencies during May and the first half of June, Burke ironed out the rough spots when he allowed two runs over 13.2 innings while posting a 14:2 K:BB ratio in his past two starts. The 26-year-old has been effective overall this year (3.71 ERA, 1.21 WHIP, 9.0 K/9 rate) and can be used in all formats for a week with reasonable matchups. The start against the Guardians is especially enticing, since the team has struggled against righties and is missing centerpiece José Ramírez.
Zebby Matthews, Twins, 16% (@ HOU, @ NYY): Matthews has endured two seven-run disasters while tossing a quality start in his other six appearances. The right-hander is ****** e to the long ball (1.8 HR/9 rate), which is the only blemish on an otherwise solid skill set. Matthews would normally be atop this list but facing the clubs that rank first (Yankees) and fourth (Astros) in home runs makes him riskier than usual.

Saturday night is a monumental date with destiny for one Oba Femi.
By pinning Jey Uso, he'd become the 2026 King Of The Ring and be guaranteed a ****** le shot vs. Roman Reigns or Cody Rhodes at SummerSlam. Not only that, but Oba could have 2 matches on the August PLE - that ****** le showdown and another that retires the legendary Brock Lesnar seemingly for good.
Or, y'know, WWE boss Triple H might cool his jets on Femi and decide that another Uso main event push is what his audience really want to see instead. Hmm, it isn't. It really, really isn't. Look, this isn't supposed to be some brutal takedown of Jey, because he's class in his own way, but Oba must be the priority right now. Uso challenging Cody doesn't feel SummerSlam worthy anyway.
Other nightmares keeping 'The Game' and his fanbase awake all week include WWE fudging the Queen Of The Ring tourney's purpose, strong SmackDown heels looking like total tools opposite Cody, Danhausen turning the clock back to his borderline embarrassing debut at Elimination Chamber and old rivals reliving old problems in the women's midcard scene.
Real world events threatened to derail Night Of Champions over in Saudi Arabia completely, but WWE are on the way. They better hope it's a trip to remember rather than one everyone would much rather forget. We've already ****** ysed everything that simply must happen in Riyadh this weekend, so now it's time to zoom in on all of the disasters that could afflict Hunter's latest PLE.

Fantasy managers will be treated to a deep list of two-start options this week. Even without an obvious headliner, there are at least five pitchers who warrant strong consideration and a few others who make sense in the right situation. On the hitting side, the Red Sox and Mets should meet the needs of anyone who is looking for immediate help.
Zebby Matthews, Twins, 15% (vs. LAD, vs. COL): Matthews has logged a 4.78 ERA that has been heavily influenced by a pair of 7-run disasters. The 26-year-old has notched a quality start in each of his other five appearances, and his 34:9 K:BB ratio is an impressive mark. Homer prevention has been the main problem for Matthews, both this season (1.7 HR/9 rate) and throughout his brief career. If he can survive a start against the high-scoring Dodgers at the outset of the week, he could thrive against a Rockies offense that typically struggles on the road.
Andre Pallante, Cardinals, 42% (vs. ARI, vs. MIA): Pallante has always ranked among the league leaders in groundball rate, and is showing some skill improvements this year by producing a career-best 19.3% strikeout rate. Because he gives up plenty of contact, the right-hander will always be a weak option in the WHIP category. But he has become a serviceable innings eater on a team that has played better than expected, which makes him a viable option in 12-team leagues for two home starts this week.
Anthony Kay, White Sox, 13% (vs. CLE, vs. KC): Although he struggled in a tough matchup at Yankee Stadium last time out (4 IP, 4 ER), Kay has produced respectable results (3.77 ERA, 1.30 WHIP, 40:14 K:BB ratio) in nine starts since the calendar flipped to May. The southpaw finished six innings just twice this season, and the combination of a poor 7.0 K/9 ratio and inability to work deep into games gives him a low ceiling. That being said, he has favorable matchups this week, especially with the Guardians working without José Ramírez.
Mitch Keller, Pirates, 31% (vs. SEA, vs. CIN): Keller is having a disappointing season that includes his worst ERA since 2021 and worst WHIP since 2022. While the right-hander must take responsibility for a small drop in his strikeout rate, the biggest reason for his struggles is a 63.1% strand rate that is the second-worst mark among qualified pitchers. Keller won't make the cut in many leagues this week due to his bust potential, but with two starts at his pitcher-friendly home park, he is a better option than many will realize.

I’ve thoroughly enjoyed the first few days of this World Cup, contrary to my own expectations. The crowds have been lively, the games have been fun, and the fever is catching all around this vast country. It’s early days still, barely halfway through the first set of group stage games, but so far … so good.
And today is set up for further fun, with both finalists from four years ago and one of the more popular dark horse candidates all beginning their journeys.
Giddyup!
Beaten finalists four years ago. Champions the four years prior to that. Ever-expectant, World Cups tend to go either great, or downright disastrous for France. Champions 1998, 2018. Didn’t win a game 2022, 2010. Runners-up 2006, 2022. Didn’t even qualify 1990, 1994.
One of those disasters began with defeat to Senegal in the opening match of the 2002 tournament.

JOHANNESBURG (AP) — The first Group of 20 summit to be held in Africa opens on Saturday with an ambitious agenda to make progress on solving some of the long-standing problems that have afflicted the world's poorest nations.
Leaders and top government officials from the richest and leading emerging economies will come together at an exhibition center near the famous Soweto township in South Africa — once home to Nelson Mandela — to try and find some consensus on the priorities set out by the host country.
They include more help for poor countries to recover from climate-related disasters, re

David Richardson, acting FEMA chief, reportedly resigns after 7 months

David Richardson, who had headed up the Federal Emergency Management Agency as acting chief for almost seven months, reportedly resigned Monday, Nov. 17. The Washington Post, CBS and other outlets reported the resignation.
The agency has repeatedly drawn concern from members of Congress and others this year about its ability to respond to disasters after more than a third of its staff was decimated by the Trump administration and its efforts to slash bureaucracy and budgets. The agency had been under fire from President