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Hedge Fund Turns a Nervous Eye Toward Mega Sun Storm

Solar eruptions known as coronal mass ejections can disrupt human technologies on earth
Solar eruptions known as coronal mass ejections can disrupt human technologies on earthPhotograph by NASA/Solar Dynamics Observatory

First came the warning from scientists. Now a major hedge fund is reiterating the alert: A massive electromagnetic pulse could wipe out electric grids and cause “unimaginable consequences” for the global economy—and it’s time to start preparing.

Two years ago the earth narrowly avoided a major plasma eruption from the sun in an event called a coronal mass ejection. NASA’s report on the near catastrophe, released last week, described the July 2012 solar emission as the largest event in at least 150 years, rivaling the 1859 “Carrington Event” solar storm that struck earth and disabled the then-new telegraph system.