Cash In on Global Warming
Why worry about preventing the climate crisis when you can profit from it? An online gambling site received more than 3,000 bets in three days on whether or when major U.S. landmarks will be flooded. Most are banking on Manhattan being underwater by 2011.
Why worry about preventing the climate crisis when you can profit from it? An online gambling site received more than 3,000 bets in three days on whether or when major U.S. landmarks will be flooded. Most are banking on Manhattan being underwater by 2011.
WAIT BEFORE YOU GO...AP via Yahoo!:
An online gambling service has started taking bets on global warming, including whether it can submerge some of the East Coast’s top vacation spots.
The odds that Virginia’s Cape Henry will be under water by 2015 — 200-to-1 at BetUs.com. Its odds for Cape Hatteras flooding by the same date — 300-to-1.
Don’t bet on it, says Phil Roehrs, a coastal engineer for the city of Virginia Beach. Roehrs said although sea levels are rising along the East Coast, scientists are not predicting anywhere near the levels and dates provided by the gambling service.
This year, the ground feels uncertain — facts are buried and those in power are working to keep them hidden. Now more than ever, independent journalism must go beneath the surface.
At Truthdig, we don’t just report what's happening — we investigate how and why. We follow the threads others leave behind and uncover the forces shaping our future.
Your tax-deductible donation fuels journalism that asks harder questions and digs where others won’t.
Don’t settle for surface-level coverage.
Unearth what matters. Help dig deeper.
Donate now.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.