[MCN] The Wall Street Journal July 2, 2026 -- Heat Waves Are Becoming a Chronic Drag on the Economy

[Lance Olsen]

The Wall Street Journal  July 2, 2026

Heat Waves Are Becoming a Chronic Drag on the Economy

Plus: the nuclear renaissance’s missing ingredient and the cutthroat battle to be America’s rare-earth champion

By Ed Ballard <https://www.wsj.com/news/author/ed-ballard>
https://www.wsj.com/business/energy-oil/heat-waves-are-becoming-a-chronic-drag-on-the-economy-f5000335

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Heat waves are underscoring how global warming has become a here-and-now issue for economists.

For George Buckley, chief European economist at Japanese bank Nomura, climate change is becoming harder to ignore, even in a profession preoccupied with quarterly data.

Extreme heat depresses economic activity by restricting work and disrupting transport. Economists at Dutch bank ING said canceled events and closed schools "brought back memories of the pandemic lockdowns."



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“When I tell politicians to act now, the most common answer is that they can’t do anything drastic, because that would be too unpopular among voters. 

“And they are right of course.”

15 yr. old Greta Thunberg in speech to European Parliament

Full text 
https://www.europarl.europa.eu/resources/library/media/20190416RES41665/20190416RES41665.pdf

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