Posts Tagged ‘Hurricane Katrina’

  • How much should cities plan for the storm of the century?

    Opportunity Cost: Preparing for Sandy and Katrina

    Dec 22, 12 • 268 Views • No Comments

    After every storm of the century, we ask why we didn’t prepare sufficiently. For Katrina it was better levee protection. And now, for Sandy, I just heard that the PATH–underground trains between NJ and NYC–had 4 foot flood gates (some news...  [read more]

  • Gasoline prices add 9/10 at the margin

    A New Name for Price Gouging

    Nov 2, 12 • 357 Views • No Comments

    Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily undrinkable several years ago and...  [read more]

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    Looking Back at a Decision

    Mar 26, 11 • 265 Views • No Comments

    Testifying in 1978, one public official said that economists, citing cost and benefit, recommended using a lower level of levee protection against hurricanes in Louisiana than he thought was necessary. (p. 90 of the Congressional Report on Hurricane Katrina)...  [read more]