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?
At The Malware Musuem you can enjoy the experience of DOS-era viruses, trojans and other digital beasties without any of the risk. Many of them manifested as wild graphical tricks and other spectacular coding feats, distracting you as they formatted hard drives or corrupted files. The Malware Museum is a collection of malware programs, usually […]
Neglected public payphones in New York City are being turned into “GuyFi” stations: a place where one can rub one out for the sake of “stress relief.” Annalee Newitz reports on the wank booths from a company named “Hot Octopus”… The company reported that at least 100 men used the booth on its opening day […]
You’d be forgiven for thinking the videocassette format long-dead, but it turns out that Betamax is still around. Sony is finally going to withdraw tapes from sale, bringing a 40-year story to an end. The last recorders were sold in 2002. ベータビデオカセットおよびマイクロMVカセットテープ出荷終了のお知らせ [Sony; via The Verge]
If you’ve been blessed enough to avoid them yourself, you’ve definitely heard the horror stories. Late night, crushing out a ton of work, writing, coding, anything, then boom – your computer crashes. The battery blows, you spill water or coffee all over the place, or it just shuts down with no explanation, and you’re screwed. […]
You travel around a lot. It might be that jet set life from New York to LA to London to Tokyo, or it might be back and forth from the coffee shop to the office, or from the kitchen to the couch. Any which way, you’re mobile and that’s the way to live. When you […]
It’s 2016 and we like our technology really small. Our phones fit in our pockets, our remotes are lighter than ever, and even our cars seem to be shrinking. So your new drone shouldn’t be an exception. This Axis VIDIUS Drone is 21% off right now and it’s so little, your biggest problem won’t be […]