| Creative Destruction? |
| 03/23/11 | | Disaster |
"Modern economies, it turns out, are adept at rebuilding and are often startlingly resilient. The quintessential example comes from Japan itself: in 1995, an earthquake levelled the port city of Kobe, which at the time was a manufacturing hub and the world's sixth-largest trading port. The quake killed sixty-four hundred people, left more than three hundred thousand homeless, and did more than a hundred billion dollars in damage (almost all of it uninsured). There were predictions that it would take years, if not decades, for Japan to recover. Yet twelve months after the disaster trade at the port had already returned almost to normal, and within fifteen months manufacturing was at ninety-eight per cent of where it would have been had the quake never happened."
|
| Seasonal hurricane forecast |
| 06/03/09 | | Disaster |
"The Colorado State team has done a good and honest job at looking at and sharing their own accuracy over time. There is a recent paper published by Klotzbach and Gray sharing the forecast accuracy since 1987."
|
| Hurricane Ike may cost insurers up to $18 Billion |
| 09/13/08 | | Disaster |
"Ike may cause $8 billion to $18 billion in insured losses on land as it moves from coastal Galveston to Houston and further inland, the Oakland, California-based firm said in an e- mailed statement today. Disruption to energy production is 'not expected to be extensive,' the firm said. Flagstone Reinsurance Holdings Ltd., the Bermuda-based insurer, predicted damage of $10 billion to $16 billion industrywide."
|
| Wall St.'s memorial day |
| 09/11/03 | | Disaster |
"The markets will open and close at the usual times, but activity will be halted at 8:46 a.m., 9:03 a.m., 9:59 a.m., and 10:29 a.m. ET for a minute of silence to mark the moments airplanes crashed into each of the World Trade Center's twin towers and the times when the buildings fell. Many market participants in New York will join in the ceremony commemorating the attack at Ground Zero, blocks away from the New York Stock Exchange."
|
| The day the lights went out |
| 08/15/03 | | Disaster |
"President George Bush has ordered an inquiry into a massive power failure affecting up to 60m North Americans. Whatever the immediate cause, an overloaded transmission system and poor regulation may be the real culprits."
|
| What caused the blackouts? |
| 08/15/03 | | Disaster |
"Years of under-investment by power companies have left behind a US electricity grid that is woefully inadequate to meet increased demand."
|
| Power returns to most areas hit by blackout |
| 08/15/03 | | Disaster |
"U.S.-Canadian task force charged with investigating outage"
|
| What's working, what's not in Ontario |
| 08/15/03 | | Disaster |
S.I. is back but we'll probably go down again due to rolling blackouts. Help your neighbors if you can.
|
