Prepare yourself, natural disasters will only get worse (Washington Post, Sept 2011)

by Erwann Michel-Kerjan – The Washington Post – 09/15/2011 “The world has entered a new era of catastrophes. Economic losses from hurricanes, earthquakes and resulting tsunamis, floods, wildfires and other natural disasters increased from $528 billion (1981-1990) to more than $1.2 trillion over the period 2001-2010. The 9.0 earthquake and massive tsunami in Japan this […]

Hurricane Irene leaves behind a bill for taxpayers (LA Times, Sept 2011)

“Even if you don’t live on the storm-ravaged East Coast, Hurricane Irene is going to cost you. The storm left behind an enormous swath of destruction, with early estimates pegging the damage between $2 billion and $7 billion. And taxpayers will be left footing much of the rebuilding bill. That higher-than-necessary bill can be blamed […]