Water receding delay:
CNBC just said that the Army Corp of Engineers estimated 88 days to get the water to recede. The infrastructure cannot begin to be rebuilt until that is done. I can't seem how NO could be a functioning city in any manner even remotely similar to what it was for at least a year.
They indicated earlier that the vast majority of passport services were under water. So, anyone waiting for a passport probably won't get one. Who knows how many other segments of our society are severely interrupted?
What I haven't yet heard is a list of publicly traded companies whose HQ's are incapacitated. In fact, I don't remember hearing one. Wouldn't the stocks be crashing?
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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