The baby boomer dream of tanning on the beach is fading as temperatures rise.
Rsing global temperatures would appear to be killing this version of summer.
None of what I have just described is enjoyable if the mercury is above 30 degrees C. Indeed, sunbathing becomes life-threatening. And who wants a week on Corfu if a large tract of the island is ablaze?
Those who own the capital stock — the hotels, the houses, the boats — naturally cling to the hope that this summer is an aberration and next year will return to normal. But they have been clinging to that hope for quite a few years now. The horrible question keeps suggesting itself: What if this is the new normal?
Niall Ferguson Bloomberg 30 July 2023
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