The actual estimates for insured structural damage caused by Hurricane Katrina are currently around US $25-30Bn. The current loss of life estimates are in the hundreds (although I'd be unsurprised if the eventual death toll does not eventually top 9/11 by quite a margin). But the economic damage from closing the Port of Southern Louisiana for up to three months is huge -- plausibly equal to 5% of the US balance of trade with the rest of the world. I can't put a figure on that total, but I'd be surprised if it isn't an order of magnitude more than the $25-30Bn insurance costs, and possibly even higher than the cost to date of the Iraq war and occupation ($200Bn). A couple of hundred billion here, a couple of hundred billion there -- pretty soon we're talking real money.
What are the likely consequences (locally and globally) of blowing a 5% of GDP sized hole under the waterline of the US economy?
The office I work in is full of things old people buy to make themselves feel young again. I can honestly say that our awesome new toy, The Swagtron T3 Hoverboard, makes me feel very, very old. I’ll explain why later. Swagtron T3 Pros There’s no way to overcharge the battery and that means no […]
One thing that’s consistent among amateur pool players is that they unknowingly stand up during their shots. Just as in golf, pool players need to keep their heads down and stay still after they shoot in order to hit straight. The DIGICUE helps keep shots consistent by letting you know every time you’ve had extra […]
A leaked memo from Apple CEO Tim Cook to his staff explaining why he met with Donald Trump — a guy who called Apple traitors for refusing to defeat their own security — explains the rationale: “tax reform.”
Using my iPhone while it’s charging is always a hassle. With tucked-away outlets and the meager length of included lightning cables, comfortable scrolling while plugged in is annoying. These 10-Ft MFi-Certified Lightning Cables are super convenient and probably the best iPhone accessory purchase I’ve made.At over three times the length of normal cables, these reach anywhere you […]
With countless applications for modern life, artificial intelligence (AI) is one of the most in-demand fields of study in tech. Beyond modelling human decision making processes and learning abilities, AI can be used to analyze massive volumes of data and create complex interactive systems.This Machine Learning & AI for Business Bundle made mastering these concepts possible for […]
Computer hacking isn’t just something happening to the DNC. Major software companies need white-hat hackers to ensure the security of their products and users, and I came across a Computer Hacker Professional Certification Package that conveniently teaches those advanced IT techniques online.This course package will prepare you for various computer security certification exams with over 60 hours […]