Crops were totally destroyed. A total of 7400 people were killed by Flora and damage was set at $435 million. 1964 An F4 tornado spawned by Hurricane Hilda cut a short 2 mile path through Larose, Louisiana. The path may have been short but the tornado killed 22 people and injured 165. Usually, hurricane-spawned tornadoes are not nearly this strong. Meanwhile, Hilda produced crossed the coastline with a pressure of 950 millibars and produced sustained winds of 120 mph at Franklin, Louisiana. There were 16 deaths from Hilda directly and total damage was $125 million. 1979 Without any severe weather watches or warnings, an F4 tornado ripped through Windsor Locks, Connecticut. The Bradley Air Museum was hit with 16 vintage aircraft totally destroyed. 3 people were killed and damage was set at $200 million. The tornado passed 1 mile east of the National Weather Service office at Bradley International airport with a wind gust of 86 mph recorded at the office. 1983 A prolonged very heavy rain event, starting back on September 29th, finally came to an end over the eastern 2/3 of Arizona. anywhere from 2 to 12 inches of rain fell during the period with most of the rain caused by moisture from the remains of Tropical Storm Octave.
Moving to United Kingdom
The British Pound which has the ISO of GBP (see British Pound exchange rate ) . Government : Constitutional monarchy and elected parliament Size : 244,820 square km. Economy : 6th largest in the world Need to transfer money to United Kingdom? Expert Help: If you are looking to make an international money transfer , we recommend TorFx as our preferred currency provider. Sending money overseas over 5000? Free Transfers, No Fees! Request a quote today! United Kingdom is one of the most visited destinations with Americans visiting this place in majority. The country has a number of factors in its favor including the colorful history which has taken in the Roman invaders, Vikings, Saxons and Normans and many more who have tried and ultimately failed to conquer the land. The United Kingdom comprises of England, Northern Ireland, Scotland and Wales. The UK offers the full range of climates from the cold winters of Scotland to the warmer climates of the South coast of England.
Fitch Downgrades United Kingdom to ‘AA+’; Outlook Stable
– Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. – The long average maturity of public debt (15 years) – the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. – The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis. – The gradual improvement in the UK banking sector’s capital and liquidity position has further reduced contingent liabilities arising from this sector. The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers. RATING SENSITIVITIES The Stable Outlook indicates a less than 50% chance of a change in the UK sovereign ratings over the next two years. The main factors that could lead to a negative rating action, individually or collectively, are: – Failure to stabilise the government debt to GDP ratio over the medium term. – Increased threat to macro-financial stability, for example arising from an intensification of the eurozone crisis or an erosion of confidence in the UK’s policy commitment to price stability. The main factors that could lead to a positive rating action, individually or collectively, are: – Stronger economic recovery and rebalancing of the UK economy than currently forecast. – Government budget deficits and debt declining at a faster pace than currently projected so that GGGD is on a sustainable path towards 90% of GDP and below. KEY ASSUMPTIONS A key assumption underpinning Fitch’s medium-term fiscal projections reflected in the ‘AA+’ rating and Stable Outlook is that the growth potential of the UK economy is around 2%-2.25% pa. This assumption is based on the UK’s labour market and demographic outlook and expectation that labour productivity will revert to its long-run trend of around 2% pa.