Disaster Economics: Neighbors and Utility Companies

Still dealing with the impact of Hurricane Sandy, I keep pondering the cost of preparing for the next storm. Personally, it has been worth purchasing a generator. But, what to do about my neighbor? Located a half mile from my…

A Weather Dilemma for NYC

In NYC, the last time that the East River touched the Hudson River (see below) was on September 3, 1821 when a hurricane struck directly and the tide rose 13 feet in one hour. Should the city plan for it…