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 Cobham catalog, exposed by The Intercept, features countless pages of surveillance gadgets sold to U.S. police to spy on American citizens: tiny black boxes with a big interest in you. In the creepily bland feature lists and nerdy product names is a whisper of a dark future; perhaps darker than anyone can imagine.
This image depicts the most commonly-found stylesheet colors on the web’s top sites—Paul Hebert did an amazing amount of analysis and this is just one of the intriguing visualizations he came up with. Most of these are obvious staples, especially HTML red and blue, though it’s interesting how far the blue “cluster” is from the […]
With the cacophony of an election year ablaze with unparalleled drama being fought on the front lines of Twitter, we find ourselves slowing down and staring at it like a bad accident. The need for escapist relief is perhaps more dire than usual right now. This fall, if it’s drama you crave, but the Hillary […]
If you own a dog, you’ve most likely heard of BarkBox – the monthly subscription box for dogs. What started as a simple idea to try out the subscription model on pet owners has since developed a cult following of dog lovers. If you haven’t given it a try yet, this one month free deal is the […]
With the iPhone headphone jack having gone by the wayside, we’re excited about the addition of the FRANKLIN Bluetooth Headphones in our store. These headphones are foldable so they’re easy to carry around, but most importantly, they pack impressive sound. Our biggest struggle with Bluetooth headphones is the worry of them dying at the worst moment. This pair lasts an impressive 8-10 […]
Evan Kimbrell, founder of the digital agency Sprintkick, recently released a series of online courses that feature some of the best advice we’ve come across. These courses are well worth your time, and will save you from making many typical mistakes down the line if you ever want to start your own business.With this Business […]