Essay On Hurricane Katrina

The Washington Times opens with a statement describing the path of Hurricane Katrina and also shares the known death toll. This article gives the audience more of a general overview of the first known effects of the hurricane, without having too many newly revealed facts. The article has quotes from the governors of Mississippi, which gives the reader a feeling that

In the late summer of 2005, a terrible tragedy occurred that changed the lives of many in the south-east region of the United States. A Category 3, named storm, named Hurricane Katrina, hit the Gulf Coast on the 29th of August and led to the death of 1,836 and millions of dollars’ worth of damage (Waple 2005). The majority of the damage occurred in New Orleans, Louisiana. Waple writes in her article that winds “gusted over 100 mph in New Orleans, just west of the eye” (Waple 2005). Not only was the majority of the damage due to the direct catastrophes of the storm but also city’s levees could no longer hold thus breaking and releasing great masses of water. Approximately, 80% of the city was submerged at sea level. Despite the vast amount

First, Bush had created the Gulf Opportunity Zone- a government enterprise that he said would provide help on taxes, housing, education, and training for the victims of the hurricane. Secondly, Bush noted the he would ask Congress to pass the Urban Homesteading act to provide building sites on federal land through a lottery to low-income citizens, free of charge ( pg, 250). Lastly, a $10.5 billion given to FEMA for recovery efforts including shelter, food, and medical care. However, reconstruction and resettlement would cost around two to three times. (pg, 250). If Bush had executed a better plan for Hurricane Katrina, billions of government dollars would not have been spent

Statistics show that 75% of the African Americans in New Orleans were affected compared to the 15% of African Americans in the Biloxi-Gulfport metropolitan area (Cutter and Gall, 5). It also states, “The calamitous combination of insured development certainly accounts for much of hurricane katrina’s damage, specifically in New Orleans.” All levels of government failed to do their part, which includes state and local government.

Often, the government responds to natural disasters with thorough preparation and planning. The federal, state, and local levels of government do this in an effort to help reduce injury and property damage as well as ensure the overall safety of the general population. The 2005 Atlantic hurricane season saw the costliest and one of the deadliest storms in United States history. This storm was Hurricane Katrina. Hurricane Katrina displaced of an estimated 645,000 Louisiana citizens (Cepeda, Valdez, Kaplan, & Hill, 2010). This paper will examine…

(Thiede & Brown, 2013). Lastly, the improper constriction levees and floodwalls will be addressed (Thiede & Brown, 2013). By narrowing down the substantial factors, the government and public can learn from the disaster management mistakes of Hurricane Katrina so aftermath effects can be prevented/alleviated in the future. Recommendations for improving disaster management practices can also be provided and would be beneficial in saving many lives.

On August 29, 2005, Hurricane Katrina hit New Orleans, two days later roughly eighty percent of New Orleans was underwater. This hurricane ranked number three in the thirty deadliest US Hurricanes (Weather Underground, 2007). This disaster has had a ripple effect on the economy, the environment, the population of New Orleans, and the habitats of animals in that area. It also put to death over 1,500 people in Louisiana, more than half were senior citizens. In New Orleans, 134,000 housing units —70% of all occupied units — suffered damage from this Hurricane.

Hurricane Katrina resulted in massive loss of life and billions of dollars in property damage. There are many lessons worth learning from this event. Finger pointing started before the event was over. Most of the focus on Hurricane Katrina was on its impact on New Orleans; however, the storm ravaged a much wider area than that. This paper will briefly summarize the event, the impact on the city of New Orleans and the lessons learned to ensure preparedness today.

Hurricane Katrina affected millions of people and its aftermath has continued to affect Louisiana’s economy and environment to this day. In addition to the estimated 1,833 people that died due to the storm, millions of others were displaced from their homes in the surrounding areas (Zimmermann, 2015). According to the National Oceanic Atmospheric Administration, Hurricane Katrina caused an estimated $108 billion in damages (National Oceanic Atmospheric Administration, 2015). The storm caused extensive damage to the coast due to intense waves, and an estimated 80 percent of New Orleans and the surrounded area were flooded for an extended period of time.

Hurricane Katrina is notably one of the most infamous and costly natural disasters. At 6:10 am on August 29th 2005, is a day that will be remembered not in a positive way, but as a fearful and nightmare of Hurricane Katrina. In 2005, Hurricane Katrina struck the Gulf Coast of the United States. The surrounding areas faced a horrific catastrophe that left lasting economic and emotional distress on the individuals in the communities. In particular, there has been a lot of controversy over the city of New Orleans, Louisiana. On September 5, 2005 there was an estimated 11.9 million Americans that were affected by Katrina between Louisiana, Mississippi, and Alabama (U.S. Census Bureau). There have

Natural disasters happen all over the world, and they leave the economy is a struggling condition. Because no one can predict the effects of hurricanes, tornados, earthquakes, or fires, this can cause a hardship for the supplier and consumer. On August 29, 2005, Hurricane Katrina hit Louisiana, and I remember it like it was yesterday. Most of my family was still in Louisiana when Katrina hit Louisiana, and we had lost all connection to them. So many resources were in high demand such as water, gasoline, generators, food, and necessary supplies. Because the supply of oil in the Gulf was shut down and tankers could not get into the state the demand was high, and the supply was low. The demand refers to the amount that the consumers are prepared to purchase a product in a given time (Thomas & Maurice, 2010, p.37). During hurricane Katrina, the demand for gasoline was high which affect the

(Cooper & Baker, 2010). Many people in the region are in disbelief that another disaster could strike so soon after Hurricane Katrina just five years earlier. Lives were just returning to normal only to be tossed upside down again.

So, you can see that there are a lot of reasons to buy the hurricane insurance. Analyzing Joe Martinez’s earnings (175 000$ annually), we can say that the total premium for $ 13 000 is quite large amount (7% of annual earnings). If we will compare this amount with his monthly earnings ($ 14 583) it is 89%. But from another point of view, his eventual losses from hurricane’s devastation maximum can be $648 390, in case of 5th and 4th categories of hurricanes. We would like to give an advice to Joe Martinez, to buy standard and wind coverage insurance for $13 000, and he should think about

Additionally, the organization was scrutinized for its revenue recognition of an accident on September 30, 2010 rendering the shipment unsalable until analyzed for quality. Said accident resulted in several analysts downgrading the organization’s stock and issuing sell recommendations. Finally, such recommendations resulted in significant declines in stock prices and revocation of stock coverage. As such, questions arose as to the accuracy of revenue loss claims and aggressive accounting practices.

It is significant to note that BP made a total loss of $3,324 million after deducting the cost incurred in that year from the total sales and operating revenues. The loss is largely attributed to the infamous Gulf of Mexico Oil Spill on the 20 April 2010. The incident was triggered by a well blowout in the Gulf of Mexico, which ultimately led to an extensive oil spill. BP, however, responded quickly by funding the oil spill cleanup and setting up the Gulf Coast Restoration Organization (GCRO) that specializes in carrying oil spill cleanup operations, investigations and public reporting (BP p.l.c. 2012c). In the aftermath, BP has suffered considerably in financial performance. Figure 2.1 shows BP’s share price performance through the period of