Read More : http://www.economist.com/blogs/schumpeter/2012/11/sandy
There have been five New York blackouts in my lifetime, which, if nothing else, suggests that it is hardly an aberrant event. The one in 1965 was a little spooky but exciting. In retrospect, it was a crack in the city that would widen into the anarchy of the blackout in 1977, with its rampant looting and arson. A disaster is good if, for nothing else, bringing into stark relief the vulnerabilities of a community.... "The Economist"
Read More : http://www.economist.com/blogs/schumpeter/2012/11/sandy
7 Comments
Andrew Carcur ECO3311-001
11/7/2012 01:32:01 am
The article talks about how the management of resources and priorities in the days after Hurricane Sandy hit the North East but specifically New York. The scarce resources brought in many price gauges on electricity, the article describes the Verizon store charging as much as $40 for a recharge, and how the different Phone companies due to their oligopoly were restoring the connection but kept their customers and users in the dark about any information on when they would get their service back. It just goes to show that New York City, a city that was thought to be prepared for any attack or any other event, could work with no disruption, but those theories proved to be wrong.
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R10338660 ECO 3311-001
11/7/2012 01:45:19 am
Sandy has brought light to a few subjects that need to be made known for all US citizens. First off, with Sandy, the response time for help was much faster than when Katrina hit New Orleans. This could be because we have learned from our neglect of Katrina how quickly an issue like this can grow. The resources put towards relief have made the effects of Sandy have just shown we still have areas to improve on being more prepared for situations like this. The next thing that Sandy shows is that entrepreneurs are still booming in this country. With entrepreneurs, this provides growth that as a country we should always strive for.
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R10461754 ECO 3311-001
11/7/2012 11:32:13 am
This article makes the argument true that owners of small businesses are the backbone to the American economy whether we're in a good or bad economy, small businesses & entrepreneurs always positively effect the economy and should be given a lot more recognition than what they currently receive. It also proves to me that our country is not as divided as we think we are. Yes, we may disagree on certain political leaders and ideas but the moment our country experiences triumph we as american citizens stick together and get through hard times.
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John Johns R10441392
11/7/2012 12:41:23 pm
Sandy was only a category one storm it looks as though NYC needs to something to prepare more for disasters such as this. The city is not that well prepared for disasters after the fact as well. There are still people in the area that do not have main resources needed at a time like this. Saying all this everyone is showing that they are able to work together through this disaster, even if the outside help is not as sufficient as it needs to be.
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R10397773 ECO 3311-001
11/7/2012 01:19:55 pm
There were many successes and failures after the devastation of Hurricane Sandy. Many resources weren’t available including electricity, but gas still flowed. I believe the management over the entire storm was handled alright, but we should be more prepared for what will happen. Many people were without service especially through AT&T and some through Verizon not getting any information on what to do about their situations after the storm. I believe the public has a responsibility to get things worked out and recognize the true problems they are dealing with and get together to find a solution.
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R10231388 ECO 3311-001
11/11/2012 11:33:52 am
This article exempifies the role of small businesses at a time of disaster through quicker response time and efficiency than larger companies. A natural disaster is the last thing New York City can handle. While the American people are teaming up for Sandy disaster relief in an efficient and timely manner, they also need to take into account that this was in-fact a smaller-scale hurricane compared to what it could have been. The power may be back on in Manhattan, but there are still areas of New York where tens of thousands of people are displaced from their homes. They have dealt with fire, snow, and floods over the past few weeks and are without power, heat, gas, or transportation. The importance of businesses throughout the North East, especially small businesses, is dire right now. Meanwhile, larger-scale companies are dealing with crowded networks and inflated prices.
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R01955239 Eco 3311-005
11/13/2012 01:10:27 pm
As always disasters are always bad, but there is a bright spot into all this darkness. Just like the market there is always a way the next product ready to step up when one company stops producing. Like whenever the Starbucks close there is a coffee truck to fill the void. There is always a way to make a quick buck when there is a natural disaster. You might think that life is drastically changed but in many ways there are just minor and subtle differences that allow you to live your old life.
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