The Tremendous Economic Benefits Of Superstorm Sandy

The Tremendous Economic Benefits Of Superstorm Sandy (ZeroHedge, Oct 31, 2012):

The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our economy will be minor and ultimately positive, as rebuilding boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it on corporate TV and reading it in the corporate newspapers. There are stories in the press that this storm won’t hurt the earnings of insurers. The only way this can be true is if the insurance companies figure out a way to not pay claims. They wouldn’t do that. Would they?

It seems all the stories use unnamed economists as the background experts for their contention that this storm will not cause any big problems for the country. These are the same economists who never see a recession coming, never see a housing collapse, and are indoctrinated in Keynesian claptrap theory.

Bastiat understood the ridiculousness of Kenesianism and the foolishness of believing that a disaster leads to economic growth.

Bastiat’s original parable of the broken window from Ce qu’on voit et ce qu’on ne voit pas (1850):

Read moreThe Tremendous Economic Benefits Of Superstorm Sandy

Aerial Video: Hurricane Sandy Leaves Ruins And Devastation In New York, New Jersey

YouTube Added. 31.10.2012

Description:

Aerial footage filmed on Tuesday shows the aftermath of a huge fire in the Breezy Point neighbourhood of Queens, which destroyed 80 to 100 houses. Meanwhile, Lower Manhattan still has residual flooding from superstorm Sandy, although much of the water has receded from around Battery Park City. Across the Hudson River from Manhattan, large areas of Hoboken, New Jersey, remained under water.

NYC: Sewage, Bacteria, Gasoline Found in Floodwater

Sewage, Bacteria, Gasoline Found in NYC Floodwater (ABC News,Oct 31, 2012):

Water is everywhere in the aftermath of Hurricane Sandy – in basements, on the streets and in transit systems – but the one place that flood water is most dangerous is in your body.

ABC News chief health and medical editor Dr. Richard Besser collected floodwater and drinking water in some of the areas hit hardest by Sandy and had them tested at The Ambient Group lab. The floodwater collected in Lower Manhattan tested positive for gasoline and two types of bacteria found in sewage: E. coli and coliform.

“Very dangerous,” Besser said. “Make sure you wear protective gear if you are coming into contact with flood water.”

Read moreNYC: Sewage, Bacteria, Gasoline Found in Floodwater

NY National Guard Suddenly Decides Hurricane Sandy Relief Trumps Mock Disaster Drill

From the article:

“The idea is to further prepare for a catastrophic earthquake along the New Madrid fault line,…”

Flashback.

Pentagon Earthquake Nightmare: Fukushima On The Mississippi – 15 Nuclear Power Plants In The New Madrid Seismic Zone – New Madrid Fault Earthquake ‘History’

FEMA Opens Disaster Help Center In St. Louis Missouri (05/14/2011)

FEMA Wants to Buy 140 Million Pre-Packaged Meals For A Catastrophic Disaster Event Within The New Madrid Fault System (Required Shelf Life Only 36 Months???)

FEMA Wants to Buy 140 Million Blankets For A Catastrophic Disaster Event Within The New Madrid Fault System

FEMA Training Police That It is Perfectly Normal To Place People In FEMA Camps

MUST-SEE: Jesse Ventura Conspiracy Theory: Police State (And FEMA Concentration Camps) (Documentary)


NY National Guard Suddenly Decides Hurricane Relief Trumps Mock Disaster Drill (Wired, Oct 31, 2012):

Updated 8:42 a.m. Hours after being contacted by Danger Room, the New York Army National Guard on Tuesday night abruptly reversed a decision to send hundreds of soldiers out-of-state in the midst of the Hurricane Sandy relief effort.

The troops were previously declared unavailable to help New York recover from the state’s biggest hurricane in centuries. Instead, they were assigned to fight a fake disaster.

But hours before they were set to deploy, the troops’ participation in a week-long exercise in Missouri known as “Vigilant Guard” was cancelled. The exercise is designed to test the response to a mock earthquake in the Midwest. Until Tuesday, that previously scheduled drill took precedence over the real-world catastrophe that struck the East Coast. It was declared a bureaucratic near-impossibility to redeploy hundreds of guardsmen at a moment’s notice, even at a moment when so many are in need.

Troops from the New York Army National Guard’s 104th Military Police Battalion, the 1156th Engineer Company – 450 soldiers in all — were poised to head to the middle of the country. Dozens more from the 42nd Combat Aviation Brigade were supposed to train in Pennsylvania this weekend. ”At this point in time, we’re still sending our soldiers to Vigilant Guard,” Eric Durr, a spokesman for the New York State Division of Military and Naval Affairs, told Danger Room late Tuesday afternoon.

Hours later, that changed. “Last night the decision was made to cancel New York National Guard participation in Vigilant Guard,” Durr emailed on Wednesday morning. “The adjutant general [the Guard’s commanding officer] decided to keep troops in state in case they are needed.”

Read moreNY National Guard Suddenly Decides Hurricane Sandy Relief Trumps Mock Disaster Drill

18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy

18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy (Economic Collapse, Oct 31, 2012):

It is hard to put into words the absolute devastation that we are seeing along many areas of the east coast right now.  Boats have been washed ashore, homes have been razed, some coastal roads have been essentially destroyed, and large numbers of people are still trapped in their homes by flood waters.  It is being reported that more than 50 people are dead and more than 8 million people along the east coast have lost power.  Those without power might not get it back for a week or more.  In New York City, an all-time record storm surge of almost 14 feet caused incredible destruction.  It is going to take months for New York City to recover, and along the Jersey coast things are even worse.  Hurricane Sandy really did turn out to be “the worst case scenario” for much of the eastern seaboard.  At this point more than 15,000 flights have been cancelled, and nobody knows when subway service in New York City is going to be restored.  More than 4 million people a day use that subway system, and right now many of the most important tunnels are absolutely flooded with water. Sadly, this crisis is far from over.  The storm formerly known as Hurricane Sandy has moved inland over Pennsylvania where it continues to do a tremendous amount of damage.  The full extent of the destruction caused by this storm will probably not be known for weeks.We have truly seen some unprecedented things during this storm.  For example, a 168 foot long tanker was driven ashore on Staten Island.  Right now the tanker is sitting on Front Street.

Read more18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy

US Gov Report: 2 Refineries, 3 Nuclear Sites, And 6.25 Million Residents Still Dark

2 Refineries, 3 Nuclear Sites, And 6.25 Million Residents Still Dark (ZeroHedge, Oct 31, 2012):

The US Department of Energy has just released their latest storm damage report for Sandy and it does not make for good reading. Over 50% of New Jersey residents remain without electricity and almost 2 million people in New York state alone. Port Reading (Hess) and Linden (Phillips) refineries remain shutdown (about 308,000 barrels per day or 26% capacity offline), and 3 nuclear sites (Salem, Indian Point, and Nine Mile Point) remain offline and many of the others are at dramatically lowered output (only 52% of capacity online!). Not good…

2012_SitRep6_Sandy_10312012_1000AM

Sandy Total Loss Estimate: Up To $100 Billion

Sandy Total Loss Estimate: Up To $100 Billion (ZeroHedge, Oct 31, 2012):

In a stunningly accurate prediction of what to expect from a 100-year storm, the following 2011 report assessing the ‘risk increase to infrastructure due to a sea level rise‘ provides everything you did not want to know about just how bad the situation is with recovery from Sandy’s damage but were afraid to ask. Based on extrapolations from storm surge heights, the authors see a ‘perfect storm’ of this magnitude likely creating a total loss between $50 and $100bn. As Atlantic Cities notes, citing the report: The researchers also estimate that… it could take the subway system about 21 days to get working at 90 percent functionality. If all potential damage is considered, …that timeline could increase to several months, and that “permanent restoration of the system to the full revenue service that was previously available could take more than two years.”

Read moreSandy Total Loss Estimate: Up To $100 Billion

Now 5 Nuke Plants with Problems from Sandy: New Jersey’s Salem reactor shuts down as water pumps “not available” — Trouble with both units at New York’s 9 Mile Point — Also Oyster Creek, Indian Point, Limerick

Now 5 Nuke Plants with Problems from Sandy: New Jersey’s Salem reactor shuts down as water pumps “not available” — Trouble with both units at New York’s 9 Mile Point — Also Oyster Creek, Indian Point, Limerick (ENENews, Oct 30, 2012):

ABC:

[…] Salem Nuclear Power Plant on Delaware Bay in southern New Jersey, was manually shut down just after 1 a.m. Tuesday morning “when four of the station’s six circulating water pumps were no longer available due to weather impacts from Hurricane Sandy,” according to plant co-owner PSEG Nuclear. “No issues were encountered during the Salem Unit 1 shutdown,” said PSEG Nuclear, “and the plant is currently stable. In addition to the operating crews onsite, Salem has designated response teams available.”

Read moreNow 5 Nuke Plants with Problems from Sandy: New Jersey’s Salem reactor shuts down as water pumps “not available” — Trouble with both units at New York’s 9 Mile Point — Also Oyster Creek, Indian Point, Limerick