Posts Tagged ‘tsunami’

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    Looking Back at a Decision

    Mar 26, 11 • 236 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]

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    A Budget Question

    Mar 14, 11 • 221 Views • No Comments

    Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A similar warning system for the U.S. west coast is being...  [read more]

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    Japan’s Sovereign Debt

    Mar 13, 11 • 209 Views • No Comments

    Hoping to sell more Japanese government bonds (JGBs), in a rather novel advertising campaign last June, the Japanese finance ministry said that, “Women have a thing for men who own JGBs.” Their message suggests that women prefer men who are...  [read more]