Trump reversed regulations to protect infrastructure against flooding just days before Hurricane Harvey

, 2h, August 28, 2017, http://www.businessinsider.com...ricane-harvey-2017-8

Just 10 days before Hurricane Harvey descended upon Texas on Friday, wreaking havoc and widespread flooding, President Donald Trump signed an executive order revoking a set of regulations that would have made federally-funded infrastructure less vulnerable to flooding.

The Obama-era rules, which had not yet gone into effect, would have required the federal government to take into account the risk of flooding and sea-level rise as a result of climate change when constructing new infrastructure and rebuilding after disasters.

Donald Trump U.S. President Donald Trump speaks about the violence in Charlottesville at Trump Tower REUTERS: Kevin Lamarque

Experts are predicting Harvey — the most powerful storm to hit the US since 2004 — will cost Texas between $30 billion and $100 billion in damage.

And in the coming days, Congress will be called upon to send billions of federal dollars to help with the state's recovery and rebuilding efforts.

But because of Trump's rollback of Obama's Federal Flood Risk Management Standards, experts across the political spectrum say much of the federal money sent to Texas will likely be wasted on construction that will be insufficiently protected from the next storm.

"We will rebuild things that should not be rebuilt and ... in ways that are less safe and secure than they should be," Eli Lehrer, president of the DC free-market think tank R Street Institute, told Business Insider.

Shana Udvardy, a climate preparedness specialist at the Union of Concerned Scientists, said it would be a "grave mistake" to rebuild in Texas without taking into consideration the increasing occurrence and severity of major storms. She added that the federal government will lag behind some 600 towns and cities that have already implemented requirements to build between one and three feet above the 100-year flood level.

Lehrer called Trump's decision to revoke the standards "the biggest step backwards that has ever been taken in flood management policy" and said the move will waste untold amounts of taxpayer money, harm the environment, and cost lives.

He and others argue that Trump's decision was a politically motivated attempt to undo President Barack Obama's climate change legacy.

"If the Obama administration had simply described this as a sensible taxpayer protecting land-use measure, the regulations would still be in effect," Lehrer said.

And some Republican lawmakers have denounced the move.

"This executive order is not fiscally conservative," Rep. Carlos Curbelo, a Florida Republican, said in a statement. "It's irresponsible and it will lead to taxpayer dollars being wasted on projects that may not be built to endure the flooding we are already seeing and know is only going to get worse."

The Obama administration estimated that the regulations would increase building costs by 0.25% to 1.25%, but would save taxpayers significant costs in the future. Studies show that for every $1 spent on disaster mitigation, the government will save $4 on post-disaster aid.

Joel Scata, an attorney with the Natural Resources Defense Council, told Business Insider that the regulations were in part spurred by the enormous costs of the disaster relief efforts following Hurricane Katrina in 2005 and Hurricane Sandy in 2012.

"This not only would have protected people and property from future flood events, but also was really meant to reduce the amount of disaster aid we spend on recovery," he said.

And while Trump justified the rollback as part of an attempt to streamline and speed up construction projects, Lehrer said the regulations' impact on the construction process would have been "subtle and inexpensive" in large part, and that an insignificant number of projects would have been abandoned due to increased costs.

Scata also said the rollback will likely have a disproportionate impact on poor and vulnerable individuals and communities.

For example, because the Department of Housing and Urban Development will not be obliged to build more resilient structures, those who live in public housing will suffer the consequences. On top of that, about 5%, or 11,000, of the country's public housing buildings are located in the floodplain, according to a 2015 HUD Inspector General report.

Original Post

Trump reversed regulations to protect infrastructure against flooding just days before Hurricane Harvey

, 2h, August 28, 2017, http://www.businessinsider.com...ricane-harvey-2017-8

Just 10 days before Hurricane Harvey descended upon Texas on Friday, wreaking havoc and widespread flooding, President Donald Trump signed an executive order revoking a set of regulations that would have made federally-funded infrastructure less vulnerable to flooding.

But because of Trump's rollback of Obama's Federal Flood Risk Management Standards, experts across the political spectrum say much of the federal money sent to Texas will likely be wasted on construction that will be insufficiently protected from the next storm.

Perhaps, the focused approach of the president.

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

Ha ha!!! Even you should know self praise is no praise. Baseman and Trump are two idiots. what are your credentials? A loud mouth behind a key board? 

FC posted:
ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

Ha ha!!! Even you should know self praise is no praise. Baseman and Trump are two idiots. what are your credentials? A loud mouth behind a key board? 

I ask you again, were you not laughing just prior to Nov 6th?  Asking for credentials indicates your lacking.  You don't learn to be smart, you are born smart!

According to you Trump is responsible for the gains in the stock market.  Moron, if you are smart as you claim to be the market has discounted Trump agenda. The market is paying very little attention to what is going on in Washington. Let me help you out, it is all about earnings. Companies that beat earnings and provide higher guidance have seen their stock prices rise. On the average companies have been beating expectations and thus the rise/gains in the market.

FC posted:

According to you Trump is responsible for the gains in the stock market.  Moron, if you are smart as you claim to be the market has discounted Trump agenda. The market s are paying very little attention to what is going on in Washington. Let me help you out, it is all about earnings. Companies that beat earnings and provide higher guidance have seen their stock prices rise. On the average companies have been beating expectations and thus the rise/gains in the market.

You are too dumb to get into the subject matter!  Stick to halaal financing!!  You are a dummy to believe a PE of 15X is all about today's earnings.  That as deep as I will get with you.  You are too dumb to start educating here!

You are a shallow twerp whose education is reading the newspaper!!

ba$eman posted:
FC posted:

According to you Trump is responsible for the gains in the stock market.  Moron, if you are smart as you claim to be the market has discounted Trump agenda. The market s are paying very little attention to what is going on in Washington. Let me help you out, it is all about earnings. Companies that beat earnings and provide higher guidance have seen their stock prices rise. On the average companies have been beating expectations and thus the rise/gains in the market.

You are too dumb to get into the subject matter!  Stick to halaal financing!!  You are a dummy to believe a PE of 15X is all about today's earnings.  That as deep as I will get with you.  You are too dumb to start educating here!

You are a shallow twerp whose education is reading the newspaper!!

Who is talking about PE?  Your ignorance is on display. Go and Google what is a PE ratio and how it is calculated before spouting nonsense. You know shit.  Just throwing shit out and hoping it sticks and you are the smartest man on the board. Lol

ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

HAHAHAHAHAAAAA. Baseless you and Trump should shake each other's small hands.

FC posted:
ba$eman posted:
FC posted:

According to you Trump is responsible for the gains in the stock market.  Moron, if you are smart as you claim to be the market has discounted Trump agenda. The market s are paying very little attention to what is going on in Washington. Let me help you out, it is all about earnings. Companies that beat earnings and provide higher guidance have seen their stock prices rise. On the average companies have been beating expectations and thus the rise/gains in the market.

You are too dumb to get into the subject matter!  Stick to halaal financing!!  You are a dummy to believe a PE of 15X is all about today's earnings.  That as deep as I will get with you.  You are too dumb to start educating here!

You are a shallow twerp whose education is reading the newspaper!!

Who is talking about PE?  Your ignorance is on display. Go and Google what is a PE ratio and how it is calculated before spouting nonsense. You know shit.  Just throwing shit out and hoping it sticks and you are the smartest man on the board. Lol

You are a dummy!!  Do you think the Markets are dialing in today's declared earnings, which is based on yesterday's performance?  Banna, I don't throw shit at shit!!

cain posted:
ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

HAHAHAHAHAAAAA. Baseless you and Trump should shake each other's small hands.

Hey, he is president of the greatest country, and you are a nameless poster on an obscure site!!

ba$eman posted:
cain posted:
ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

HAHAHAHAHAAAAA. Baseless you and Trump should shake each other's small hands.

Hey, he is president of the greatest country, and you are a nameless poster on an obscure site!!

As a nameless poster I still have much more class than that moron, regardless his position. My hands and feet are are also much larger.

cain posted:
ba$eman posted:
cain posted:
ba$eman posted:

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

HAHAHAHAHAAAAA. Baseless you and Trump should shake each other's small hands.

Hey, he is president of the greatest country, and you are a nameless poster on an obscure site!!

As a nameless poster I still have much more class than that moron, regardless his position.

That was not the barometer.  Whatever you think, he is president, you are a nameless poster!

Trump is a double racist ass for most things,  including pardoning a convicted criminal.

Baseman is a loser like Trump with an oversize ego, who got hit on the head too many times with a Baseball.  When he cannot win an discussion, he runs home for a cutlass.

ba$eman posted:
FC posted:
ba$eman posted:
FC posted:

According to you Trump is responsible for the gains in the stock market.  Moron, if you are smart as you claim to be the market has discounted Trump agenda. The market s are paying very little attention to what is going on in Washington. Let me help you out, it is all about earnings. Companies that beat earnings and provide higher guidance have seen their stock prices rise. On the average companies have been beating expectations and thus the rise/gains in the market.

You are too dumb to get into the subject matter!  Stick to halaal financing!!  You are a dummy to believe a PE of 15X is all about today's earnings.  That as deep as I will get with you.  You are too dumb to start educating here!

You are a shallow twerp whose education is reading the newspaper!!

Who is talking about PE?  Your ignorance is on display. Go and Google what is a PE ratio and how it is calculated before spouting nonsense. You know shit.  Just throwing shit out and hoping it sticks and you are the smartest man on the board. Lol

You are a dummy!!  Do you think the Markets are dialing in today's declared earnings, which is based on yesterday's performance?  Banna, I don't throw shit at shit!!

Being the smartest person on the board you do have difficulties reading and understanding what you read. Go back reread what wrote. Stock prices are based on current earnings report and future guidance. I don't think you have a grasp of this basic concept.

Once again Trump agenda has stalled and it appears at this juncture that the house will not pass any of these initiatives. 

 

 

once

cain posted:
ba$eman posted:
cain posted:
ba$eman posted:
FC posted:
ba$eman posted:

Trump is playing hard ball.  He will stop many much needed infrastructure funds, then produce a big Trillion dollar infrastructure budget, include all the projects he cut, and include funding for the Great American Wall!!

The wall will be 16 bil out of a 1000+ Billion dollar fund!

This is a smart move by Trump!

What a clown!!! You make me laugh with your nonsense.  

I thought you were laughing at Trump just prior to Nov 6th!!  Keep laughing, and look in the mirror while you at it!  Baseman understand Trump's moves very well!  And bear in mind, Baseman is the smartest person on this board, bar none!

HAHAHAHAHAAAAA. Baseless you and Trump should shake each other's small hands.

Hey, he is president of the greatest country, and you are a nameless poster on an obscure site!!

As a nameless poster I still have much more class than that moron, regardless his position. My hands and feet are are also much larger.

Why stop at hands and feet?

FC posted:
ba$eman posted:
FC posted:
ba$eman posted:

You are too dumb to get into the subject matter!  Stick to halaal financing!!  You are a dummy to believe a PE of 15X is all about today's earnings.  That as deep as I will get with you.  You are too dumb to start educating here!

You are a shallow twerp whose education is reading the newspaper!!

Who is talking about PE?  Your ignorance is on display. Go and Google what is a PE ratio and how it is calculated before spouting nonsense. You know shit.  Just throwing shit out and hoping it sticks and you are the smartest man on the board. Lol

You are a dummy!!  Do you think the Markets are dialing in today's declared earnings, which is based on yesterday's performance?  Banna, I don't throw shit at shit!!

Being the smartest person on the board you do have difficulties reading and understanding what you read. Go back reread what wrote. Stock prices are based on current earnings report and future guidance. I don't think you have a grasp of this basic concept.

Once again Trump agenda has stalled and it appears at this juncture that the house will not pass any of these initiatives.

once

FC - A short helicopter view:

FC - If earnings is $1.95, why is the stock at $43?

For example, suppose that a company is currently trading at $43 a share and its earnings over the last 12 months were $1.95 per share. The P/E ratio for the stock could then be calculated as 43/1.95, or 22.05.

FC, it's all about expectations, not what's in the bag!

A stock with a high P/E ratio suggests that investors are expecting higher earnings growth in the future compared to the overall market, as investors are paying more for today's earnings in anticipation of future earnings growth.

FC - The very basics of the Markets for Industrials

The relationship between a company's earnings and its stock price can be complicated. High profits don't necessarily mean a high stock price, and big losses don't always lead to a low stock price. Of course, without earnings it is hard for companies to stay in business for long. You could say that two of the major factors that influence stock price are current earnings and promise of future earnings.

FC: there are other more complex measures to gauge a company however, PE under US GAAP (US Listed) is the broadest of measures.  Banks, etc used price-to-book, etc while others use EBITDA, Discounted CF/FCF, etc, and traditional Industrials and analyst also use them to triangulate with PE on earnings quality!

There are also technical indicators which could move the markets in the short term.  Furthermore, interest rates are a big factor.  Higher rates create competition with dividend yields and may pressure the FCF of highly leveraged companies bringing the markets down!

FC: The Trump effect - Lower taxes means higher FCF, as such, richer dividends.  Furthermore, it creates headroom in the operating P&L which makes hiring easier!  Added, Trumps plan on Infrastructure has created a ballooning in the valuation of languishing bricks and mortar companies.  These factor are the underpinnings of the broad rally in the Stock Markets under Trump, especially that inflation remains tempered!

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