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"You are looking at retreat," says Prof Colin Thorne, a flooding expert at the University of Nottingham. "It is the only sensible policy - it makes no sense to defend the indefensible." This assessment of how the UK will have to adapt to its increasing flood risk is stark, but is shared by virtually all those who work on the issue.Centuries of draining wetlands, reclaiming salt marshes and walling in rivers is being put into reverse by climate change, which is bringing fiercer storms, more intense downpours and is pushing up sea levels. Sea walls are now being deliberately allowed to be breached, with new defences built further back, and fields turned into lakes to slow the rush of the water, as flood management turns back towards natural methods.Thorne says the strategy of once more "making space for water" has been around for a decade, but the urgency of implementing it has increased sharply. "We thought then we were talking about the 2030s, but it is all happening a heck of a lot quicker." Large parts of southern England had their wettest January ever recorded, the Met Office announced on Thursday, and the Somerset Levels, much of which is below sea level, have been inundated for weeks. "I have enormous sympathy for these people," says Thorne. But he thinks the 1,000-year history of keeping the sea out of the area is coming to the end. "Can the Somerset Levels be defended between now and the end of the century? No," he says. Hannah Cloke, a flooding expert at the University of Reading, agrees: "We could make the choice to protect the Levels forever, but that is going to take a lot of resources. My gut feeling is that you are going to have to let that be a marshland in the end. But people live there and have their livelihoods there, so it is very tricky." Cloke says greatest priority across the country is giving people the help they need to adjust to more frequent floods, from warnings and emergency planning down to home-level protection, such as water-absorbing

Source: http://blog.crowncapitalmngt.com/flooding-experts-say-britain-will-have-to-adapt-to-climate-change-and-fast/ "You are looking at retreat," says Prof Colin Thorne, a flooding expert at the University of Nottingham. "It is the only sensible policy - it makes no sense to defend the indefensible." This assessment of how the UK will have to adapt to its increasing flood risk is stark, but is shared by virtually all those who work on the issue.Centuries of draining wetlands, reclaiming salt marshes and walling in rivers is being put into reverse by climate change, which is bringing fiercer storms, more intense downpours and is pushing up sea levels. Sea walls are now being deliberately allowed to be breached, with new defences built further back, and fields turned into lakes to slow the rush of the water, as flood management turns back towards natural methods.Thorne says the strategy of once more "making space for water" has been around for a decade, but the urgency of implementing it has increased sharply. "We thought then we were talking about the 2030s, but it is all happening a heck of a lot quicker." Large parts of southern England had their wettest January ever recorded, the Met Office announced on Thursday, and the Somerset Levels, much of which is below sea level, have been inundated for weeks. "I have enormous sympathy for these people," says Thorne. But he thinks the 1,000-year history of keeping the sea out of the area is coming to the end. "Can the Somerset Levels be defended between now and the end of the century? No," he says. http://bit.ly/1cWF58F http://bit.ly/1nbYkMH

"You are looking at retreat," says Prof Colin Thorne, a flooding expert at the University of Nottingham. "It is the only sensible policy - it makes no sense to defend the indefensible." This assessment of how the UK will have to adapt to its increasing flood risk is stark, but is shared by virtually all those who work on the issue.Centuries of draining wetlands, reclaiming salt marshes and walling in rivers is being put into reverse by climate change, which is bringing fiercer storms, more intense downpours and is pushing up sea levels. Sea walls are now being deliberately allowed to be breached, with new defences built further back, and fields turned into lakes to slow the rush of the water, as flood management turns back towards natural methods.Thorne says the strategy of once more "making space for water" has been around for a decade, but the urgency of implementing it has increased sharply. "We thought then we were talking about the 2030s, but it is all happening a heck of a lot quicker." Large parts of southern England had their wettest January ever recorded, the Met Office announced on Thursday, and the Somerset Levels, much of which is below sea level, have been inundated for weeks. "I have enormous sympathy for these people," says Thorne. But he thinks the 1,000-year history of keeping the sea out of the area is coming to the end. "Can the Somerset Levels be defended between now and the end of the century? No," he says. Hannah Cloke, a flooding expert at the University of Reading, agrees: "We could make the choice to protect the Levels forever, but that is going to take a lot of resources. My gut feeling is that you are going to have to let that be a marshland in the end. But people live there and have their livelihoods there, so it is very tricky." Cloke says greatest priority across the country is giving people the help they need to adjust to more frequent floods, from warnings and emergency planning down to home-level prote

TWITTER came up with a business that allows people send out information quickly. The micro-blogging service sent out just one tweet on September 12th informing the world it had filed the required IPO papers confidentially with America's Securities and Exchange Commission (SEC) when it came to its initial public offering (IPO) but then there was silence. Normally it is mandatory to all companies to publish information regarding them right after they have submitted their initial IPO documents to the SEC. However Twitter took benefit from provision in America's Jumpstart Our Business Start-ups Act-or JOBS Act for short-that permits "emerging growth companies" to kick off the IPO process confidentially. They should be able to publish the IPO earlier than three weeks before they proceed on investor road shows to advertize shares. The act characterizes promising growth firms as ones with less than $1 billion of yearly revenue. The JOBS Act became law in April 2012. It is by giving some companies the option of filing for an IPO in secret that aims to encourage more flotation. According to the SEC, by the end of June 2013 roughly 250 companies in America had filed IPO documents confidentially. For many reason this approach appeals to Twitter. The firm anticipates that by maintaining its financial performance confidential for a while, and then heading fast to a listing, it can keep away from the kind of hype that surrounded Facebook's IPO in 2012. Although Twitter must reveal its correspondence with the regulator when it finally publishes its IPO documents it can also address any concerns the SEC has about its submission in private. It is hopeful to shun the fortune of Groupon, which exposed particulars of its finances immediately after it filed for an IPO in 2011. Several of the firm's accounting rules were openly questioned by the SEC, which frightened investors. There are other advantages too. If it wishes to, Twitter must only publish two years of audited f