shovel ready jobs!
This is a discussion on Hurrican Sandy - Not totally a bad thing within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Now its has happened... I didn't say I was glad it happened but since it did. There is an up side... what $10 Billion in ...
Now its has happened... I didn't say I was glad it happened but since it did. There is an up side... what $10 Billion in damages!
What better way to situlate the economy. Billions on $'s held by insurance companies paid out to every sector you can imagine... now this is real trickle down economics!
Nothing like war or natural disaster to bring the good people of this great nation together.
... or not!
Here at the rock, we have two basic rules...
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It is a drag on the economy.
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"A man without ethics is a wild beast loosed upon the world" Albert Camus
I guess the two candidates could pony up what they spent on their campaigns, that would certainly help.l
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Given the concentration for population and business - one can argue it's the financial center of the world - will definitely take it's toll on economy. Unrecoverable losses will equal no where near what will be spent to rebuild. Mark my words, early next year they'll announce another recession... which is already happening, not just because of hurricane, but it won't help.
Bummed about all the kids that won't have a Halloween this year.
Sorry, but I'm having a tough time seeing a bright side. What if it is merely a precursor of things to come?
"To reject the notion of expertise, and to replace it with a sanctimonious insistence that every person has a right to his or her own opinion, is silly."
Yes and no, depending on the aspects considered.
It might be a net "wash" on the portions compensated by insurance, but there are still many downsides. Reduced productivity due to people's change in focus, inability to get to work, lack of functional workplaces; impact on local economies due to reduced business; impacted upcoming projects that get delayed or cancelled; impact on local and regional services affected by disruptions and damage; impacted travel to/from such zones; impact on some percentage of the displaced people on the cusp of winter (potential destitution for some); impact on economy due to increased debt load to fund replacement/repair projects; financial market impacts, if the markets react badly to such widespread havoc, damage and disruption. Hopefully some sectors could see a bump in business (ie, construction) given the need to rebuild some portion of what's been destroyed, but it's hard to count on that.
The sky's not falling, no. But it's sure gotten a lot bumpier for many who are near the damaged zones, at least for awhile.