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On November 03 2012 01:29 Grumbels wrote:Show nested quote +On November 03 2012 01:24 Fruscainte wrote: Man, I posted on something of the first few pages how I thought this wasn't a big deal since it was a Cat 1 and whatever and holy fuck was I wrong, just want to get that out there and I apologize if any New Yorkers or otherwise affected got offended by what I wrote. I had no idea the circumstances of it merging with a blizzard and all the other shit and how damaging it was. So I apologize for that.
However, I do want to bring some discussion to the table briefly. My economics professor yesterday brought up a pretty interesting point. We were coincidentally talking about how natural disasters affect the economy, and she said that this will probably be extremely good for the economy. Not to say this was a "good" thing, but this is going to be a massive cleanup that is going to take at least 1-2 years to accomplish. That's thousands and maybe tens of thousands of low-skill AND high-skill jobs, that's infrastructure destroyed that needs to rebuilt that makes even more jobs, that's a boom in the housing market in a few years when they get back to rebuilding the thousands of houses destroyed.
What is everyone else's thoughts on that notion? I'm not an economics major, so I would like to hear something from someone who knows a lot more about how much this disaster might give some economic benefits. However, let's not take away from the disaster that this is. Any TL'ers adversely affected by this? ;_; Why not destroy some stuff yourself so you can rebuild it afterwards? This has the advantage of also providing demolition jobs.
Well it does create a lot of temporary jobs, katrina is evidence to that. I guess the question will be how beneficial temp jobs are to the economy.
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Damage=economic gain theory never works.
Although jobs are gained, people who are harmed by the disaster must pay themselves and thus suffer economically.
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On November 03 2012 01:31 heliusx wrote:Show nested quote +On November 03 2012 01:29 Grumbels wrote:On November 03 2012 01:24 Fruscainte wrote: Man, I posted on something of the first few pages how I thought this wasn't a big deal since it was a Cat 1 and whatever and holy fuck was I wrong, just want to get that out there and I apologize if any New Yorkers or otherwise affected got offended by what I wrote. I had no idea the circumstances of it merging with a blizzard and all the other shit and how damaging it was. So I apologize for that.
However, I do want to bring some discussion to the table briefly. My economics professor yesterday brought up a pretty interesting point. We were coincidentally talking about how natural disasters affect the economy, and she said that this will probably be extremely good for the economy. Not to say this was a "good" thing, but this is going to be a massive cleanup that is going to take at least 1-2 years to accomplish. That's thousands and maybe tens of thousands of low-skill AND high-skill jobs, that's infrastructure destroyed that needs to rebuilt that makes even more jobs, that's a boom in the housing market in a few years when they get back to rebuilding the thousands of houses destroyed.
What is everyone else's thoughts on that notion? I'm not an economics major, so I would like to hear something from someone who knows a lot more about how much this disaster might give some economic benefits. However, let's not take away from the disaster that this is. Any TL'ers adversely affected by this? ;_; Why not destroy some stuff yourself so you can rebuild it afterwards? This has the advantage of also providing demolition jobs. Well it does create a lot of temporary jobs, katrina is evidence to that. I guess the question will be how beneficial temp jobs are to the economy.
Exactly. The example my professor gave was her cousin, an electrical engineer, was struggling hard before this and about to foreclose his home. As soon as this hit, he was getting calls from 4 different companies -- including the one that fired him -- offering him free hotel, free flight, and free food for an entire year on $30/hr on a one year contract. This literally saved his economic life. I don't want to paint this as a positive thing that happened, I'm trying to avoid giving off that vibe as much as I can but I mean, there CAN be some silver lining can't there?
On November 03 2012 01:33 Praetorial wrote: Damage=economic gain theory never works.
Although jobs are gained, people who are harmed by the disaster must pay themselves and thus suffer economically.
That's kind of the thing I was thinking, the economic damage negates the economic growth.
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On November 03 2012 01:33 Praetorial wrote: Damage=economic gain theory never works.
Although jobs are gained, people who are harmed by the disaster must pay themselves and thus suffer economically.
I wonder what % of people had flood insurance and what not. In louisiana my parents and pretty much everyone else have really expensive policies that cover pretty much everything with a very low deductible.
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Obviously for some, this will be an opportunity, and for others, disaster.
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I have to say I don't quite understand why OP got a warning for this thread. Was it because he made a thread about Sandy? Or because his post didn't have any links to news sites etc? I had been wondering about the same thing of why there was no existing thread about this and could have made a similar thread because of this so I would like to know why he got the warning.
Anyway. Looks like the storm caused some huge material damage (not to mention the human casualties) so the effects of this storm will probably extend quite far. I think they are talking about even dozens of billions of dollars worth of damage. I'm interested in seeing how long it will take to get the NY subway network back up and running considering that parts of it are currently completely underwater. A 4,5m storm surge in Manhattan sounds really huge.
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Probably because it was a very lazy OP with no information at all.
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Well if all an a economy's resources are being used, then yes, the broken window fallacy holds true. But if there are underutilized resources, like labor, then these things can stimulate the economy. So whereas the electrician didn't have a job before, he now has a job, and where the power company was saving up money because they thought the economic climate wasn't right, they now have to use the money.
On November 03 2012 01:34 Fruscainte wrote:Show nested quote +On November 03 2012 01:31 heliusx wrote:On November 03 2012 01:29 Grumbels wrote:On November 03 2012 01:24 Fruscainte wrote: Man, I posted on something of the first few pages how I thought this wasn't a big deal since it was a Cat 1 and whatever and holy fuck was I wrong, just want to get that out there and I apologize if any New Yorkers or otherwise affected got offended by what I wrote. I had no idea the circumstances of it merging with a blizzard and all the other shit and how damaging it was. So I apologize for that.
However, I do want to bring some discussion to the table briefly. My economics professor yesterday brought up a pretty interesting point. We were coincidentally talking about how natural disasters affect the economy, and she said that this will probably be extremely good for the economy. Not to say this was a "good" thing, but this is going to be a massive cleanup that is going to take at least 1-2 years to accomplish. That's thousands and maybe tens of thousands of low-skill AND high-skill jobs, that's infrastructure destroyed that needs to rebuilt that makes even more jobs, that's a boom in the housing market in a few years when they get back to rebuilding the thousands of houses destroyed.
What is everyone else's thoughts on that notion? I'm not an economics major, so I would like to hear something from someone who knows a lot more about how much this disaster might give some economic benefits. However, let's not take away from the disaster that this is. Any TL'ers adversely affected by this? ;_; Why not destroy some stuff yourself so you can rebuild it afterwards? This has the advantage of also providing demolition jobs. Well it does create a lot of temporary jobs, katrina is evidence to that. I guess the question will be how beneficial temp jobs are to the economy. Exactly. The example my professor gave was her cousin, an electrical engineer, was struggling hard before this and about to foreclose his home. As soon as this hit, he was getting calls from 4 different companies -- including the one that fired him -- offering him free hotel, free flight, and free food for an entire year on $30/hr on a one year contract. This literally saved his economic life. I don't want to paint this as a positive thing that happened, I'm trying to avoid giving off that vibe as much as I can but I mean, there CAN be some silver lining can't there? Show nested quote +On November 03 2012 01:33 Praetorial wrote: Damage=economic gain theory never works.
Although jobs are gained, people who are harmed by the disaster must pay themselves and thus suffer economically. That's kind of the thing I was thinking, the economic damage negates the economic growth.
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Baltimore, USA22254 Posts
On November 03 2012 02:17 Kilby wrote: I have to say I don't quite understand why OP got a warning for this thread. Was it because he made a thread about Sandy? Or because his post didn't have any links to news sites etc? I had been wondering about the same thing of why there was no existing thread about this and could have made a similar thread because of this so I would like to know why he got the warning.
On November 03 2012 02:21 heliusx wrote: Probably because it was a very lazy OP with no information at all.
Correct.
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I wonder if anyone in this thread lives in New Jersey or New York where most of the flooding as occurred, I'd like to hear a first hand account of how the restoration/help efforts are going. Does it seem like you're getting the help you need? Is it good/bad? Though I wonder if anyone in that situation would be checking TL forums right now.
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Hearing reports that a utility truck from Alabama that went up to help was told to go home because it wasn't union? The heck is wrong with people up there, people are dying and they care about some union crap? Get a grip!
“Decatur Utilities sent a 6-man crew to the northeast Wednesday, October 31, bound for Seaside Heights, New Jersey, to assist with power restoration. Communications with Seaside Heights was poor due to lack of cell phone service in the area. Upon arriving at a staging area in Virginia, crews were held in place pending clarification of documents received from IBEW that implied a requirement of our employees to agree to union affiliation while working in the New York and New Jersey areas. It was and remains our understanding that agreeing to those requirements was a condition of being allowed to work in those areas.”
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United States23455 Posts
On October 30 2012 07:43 Zooper31 wrote: This thing is barely a Cat 1. Not sure what everyone is freaking out about. Shit I lived in Florida and a Cat 3 barely made us change our plans or stock up on supplies.
It's a glorified lightning/thunder storm. You have to realize that it isn't the wind that matters, it's the storm surge. The flooding damage is actually pretty severe. I live a few minutes away from Atlantic City New Jersey (inland, thank god) and the damage there is massive. And I used to live in Florida and dealt with large hurricanes as well. Trust me, this storm was a lot worse than you think.
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United States23455 Posts
On November 03 2012 07:21 XoXiDe wrote: I wonder if anyone in this thread lives in New Jersey or New York where most of the flooding as occurred, I'd like to hear a first hand account of how the restoration/help efforts are going. Does it seem like you're getting the help you need? Is it good/bad? Though I wonder if anyone in that situation would be checking TL forums right now. Hey thought I would reply. I live on the New Jersey coast and I have to say the disaster relief crews are actually doing a great job. Barrier Islands are still closed to non-residents, which is a bummer because I wanted to go down and volunteer today, but it seems like the help efforts are going really well all things considered.
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Baltimore, USA22254 Posts
On November 03 2012 09:35 iPlaY.NettleS wrote: Hearing reports that a utility truck from Alabama that went up to help was told to go home because it wasn't union? The heck is wrong with people up there, people are dying and they care about some union crap? Get a grip!
“Decatur Utilities sent a 6-man crew to the northeast Wednesday, October 31, bound for Seaside Heights, New Jersey, to assist with power restoration. Communications with Seaside Heights was poor due to lack of cell phone service in the area. Upon arriving at a staging area in Virginia, crews were held in place pending clarification of documents received from IBEW that implied a requirement of our employees to agree to union affiliation while working in the New York and New Jersey areas. It was and remains our understanding that agreeing to those requirements was a condition of being allowed to work in those areas.”
Thus why unions are SO fucking terrible for the sake of actually getting shit done...
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On November 03 2012 09:58 EvilTeletubby wrote:Show nested quote +On November 03 2012 09:35 iPlaY.NettleS wrote: Hearing reports that a utility truck from Alabama that went up to help was told to go home because it wasn't union? The heck is wrong with people up there, people are dying and they care about some union crap? Get a grip!
“Decatur Utilities sent a 6-man crew to the northeast Wednesday, October 31, bound for Seaside Heights, New Jersey, to assist with power restoration. Communications with Seaside Heights was poor due to lack of cell phone service in the area. Upon arriving at a staging area in Virginia, crews were held in place pending clarification of documents received from IBEW that implied a requirement of our employees to agree to union affiliation while working in the New York and New Jersey areas. It was and remains our understanding that agreeing to those requirements was a condition of being allowed to work in those areas.”
Thus why unions are SO fucking terrible for the sake of actually getting shit done...
Good thing the story isn't true then.
To clarify - the local unions are all saying they dont care and are saying they are accepting all help. Some have turned away help because they can't support anymore workers - not enough supplies or whatever to go around - they just need time, not more men on the ground.
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On November 03 2012 09:40 Darkhoarse wrote:Show nested quote +On October 30 2012 07:43 Zooper31 wrote: This thing is barely a Cat 1. Not sure what everyone is freaking out about. Shit I lived in Florida and a Cat 3 barely made us change our plans or stock up on supplies.
It's a glorified lightning/thunder storm. You have to realize that it isn't the wind that matters, it's the storm surge. The flooding damage is actually pretty severe. I live a few minutes away from Atlantic City New Jersey (inland, thank god) and the damage there is massive. And I used to live in Florida and dealt with large hurricanes as well. Trust me, this storm was a lot worse than you think.
I know how a hurricane works ok, I know most damage comes from the flooding and storm surge not the winds.
I have to rescind my previous marks after seeing the 24/7 news coverage for about a week now. The storm did shit ton of damage and it's unbelievable.
All I'm left with now is thinking why isn't the entire eastern seaboard actually prepared for these things, is it just not feasible financially to actually have things up to code to withstand a Cat 1-2 hurricane? Same thing happened in New Orleans with Katrina, they weren't prepared at all to be hit by a major hurricane and they paid dearly for it. Now it happens to be the northern part of the country paying for it. Albeit they rarely get storms of this magnitude if ever, shouldn't they have some kind of protection more than they did? It seems they only thing they were prepared to do was the tell everyone to evacuate and hope for the best. Seems to be Katrina all over again except in NYC/Jersey and they actually have aid helping the day after.
On November 03 2012 10:27 Bigtony wrote:Show nested quote +On November 03 2012 09:58 EvilTeletubby wrote:On November 03 2012 09:35 iPlaY.NettleS wrote: Hearing reports that a utility truck from Alabama that went up to help was told to go home because it wasn't union? The heck is wrong with people up there, people are dying and they care about some union crap? Get a grip!
“Decatur Utilities sent a 6-man crew to the northeast Wednesday, October 31, bound for Seaside Heights, New Jersey, to assist with power restoration. Communications with Seaside Heights was poor due to lack of cell phone service in the area. Upon arriving at a staging area in Virginia, crews were held in place pending clarification of documents received from IBEW that implied a requirement of our employees to agree to union affiliation while working in the New York and New Jersey areas. It was and remains our understanding that agreeing to those requirements was a condition of being allowed to work in those areas.”
Thus why unions are SO fucking terrible for the sake of actually getting shit done... Good thing the story isn't true then.
Ya I don't see a source anywhere, probably just some rumour people are spreading because of the devastation.
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Not even remotely close to katrina all over again. katrina killed thousands of people and levels thousands of homes and buildings.
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The thing is, even a category 2 hurricane would not have done this. The storm surge was caused by bad timing (first day of the full moon and hitting right at high-tide time) and the addition of a second powerful storm system combining with the hurricane. You can't 'prepare' for that kind of thing really.
As for New Orleans I believe their levies broke and the entire city is below sea level. Most/all the affected areas here are right at sea level (though they were abysmally prepared) or above.
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On November 03 2012 01:37 heliusx wrote:Show nested quote +On November 03 2012 01:33 Praetorial wrote: Damage=economic gain theory never works.
Although jobs are gained, people who are harmed by the disaster must pay themselves and thus suffer economically. I wonder what % of people had flood insurance and what not. In louisiana my parents and pretty much everyone else have really expensive policies that cover pretty much everything with a very low deductible.
Flood is usually written as a monoline policy by the government, where the terms are not so hot. Usually flood insurance has a high deductible that cannot be amended, and coverage is limited for personal lines to around 500k property (building) and 100k contents. To go beyond this you need special insurance, but then again if your parents are paying this they very well might have it. Although with flood specifically, I'm not sure they can remove or get a super low deductible. Most other lines you can, such as wind dmg.
Almost all homeowners policies are identical in the coverage they're provided. Sure, you can get broader coverage, but the coverage that exists is typically already on a "EVERYTHING is covered EXCEPT these few things listed." So really, all they may have done is remove those exceptions. For example, flood, volcano, and earthquake are all excluded.
On November 03 2012 10:40 heliusx wrote: Not even remotely close to katrina all over again. katrina killed thousands of people and levels thousands of homes and buildings.
Primarily because the levies broke though as opposed to the storm itself.
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On November 03 2012 10:34 Zooper31 wrote:Show nested quote +
Thus why unions are SO fucking terrible for the sake of actually getting shit done...
Good thing the story isn't true then. Ya I don't see a source anywhere, probably just some rumour people are spreading because of the devastation.
It's not that the story isnt true, or that people are making up rumors. There was a crew of workers from Alabama that waited in Virginia and turned around and went home. They had interpreted the issue as a union problem. All officials claim it was miscommunication and misunderstanding. Googling simply "union workers sandy" will point you to the related news articles.
There is enough confusion and chaos and totally random and non directed good will going around as to make managing relief efforts, at times, a sizable task.
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