Tag: natural disaster

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The Wrong Gulf

On Sunday, I gassed up my 1989 Volvo 740 for $2.69 a gallon–the good stuff–and moaned about high prices. Yesterday a friend IMed and told me to gas up before prices jumped 40 cents a gallon. Too late, $3.19 when my wife got the pumps. She paid more today, $3.49 a gallon, or a delightful 80-cent increase in just two days.

I predict the situation will get a lot worse. New Orleans is now the equivalent of a Biblical epic—disaster that will keep on going. The death, the destruction, the economic impact will be like another 9-11, except as an Act of God (Why should he get the blame, anyway?) rather than act of terrorism. Few weeks back, I blogged about the housing bubble. Katrina, that vicious bitch, put a hole in the bubble, I think. 

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An Encouraging Development

A story in today’s New York Times pictures a U.S. soldier unloading bottled water in Banda Aceh, Indonesia. The U.S. $350 million aid commitment and rallying of local resources—in this case the aircraft carrier Abraham Lincoln—is an encouraging improvement over the earlier U.S. “stingy” commitment to aid.

I’m too young to remember the America of World War II; it’s all just history to me. But goodwill went a long way in Europe and Asia, even turning enemies like Germany and Japan into allies following the war.