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¶ … damage of the most important natural disaster in the United States in the last hundred years, an article referring to Hurricane Katrina and, most significantly, to the extent of the damage, to the reconstruction possibilities and to the bearing these will carry on the U.S. fiscal policy and the U.S. fiscal deficit, the article Hurricane Katrina upends American fiscal policy is appropriate to explain relationships between governmental spending and overall fiscal policies, as well as the impact on national fiscal policy.
The article refers strictly to the impact on the U.S. economy and U.S. fiscal policy that Hurricane Katrina has brought about. As cynical as this may be, the logical relationship between Katrina, governmental spending, fiscal policy and, in the end, economic growth in the U.S., is quite simple to explain. The hurricane has brought about huge amounts of losses in the U.S. economy, losses that need to be counterbalanced by governmental policies, naturally...
The articles refers to the programs that President Bush has referred to in his speech on September 15, most notably, tax breaks, educational and training grants and federal reimbursements.
On the other hand, Katrina will also bring about a reduction of the economic growth that the U.S. has been experiencing in the last couple of years. This is due mainly to a certain increase in energy prices and a threat of overall inflation (despite relaxing results in terms of growth in consumer prices). The article mentions the term stagflation as explaining inflation with a slow economic growth.
The article, analyzing the effects of Katrina on U.S. inflation, economic growth and fiscal policy, allows us to draw some significant conclusions in this sense, relying on the data presented and on the fiscal theories at hand.
As such, the first conclusion one may draw is that Katrina will certainly imply a large amount…
An effective public transportation system has several positive effects including reducing local and regional energy expenditures; reducing dependence on fossil fuels and foreign energy supplies; improving the quality of life in the region as a whole; linking New Orleans with surrounding regions more effectively to stimulate clustered economic growth; and reducing income disparity by increasing access to jobs, public services, and educational institutions. An effective transportation system is also
A b) Event management People react differently when faced with disaster, some may respond and follow the disaster response plan without a problem, other may forget key instructions and follow their own plans, the most dangerous situations however, are when individuals freeze and fail to act when disaster strikes. Response before, during and after a disaster can be the difference between life and death. (Bridegan et al., 1997) Failure to heed
Natural disasters have the potential to dramatically alter life in local communities. The loss of human life reverberates through the generations, as does the loss of local businesses and the generalized economic and psychosocial strain. Yet there are also larger impacts from localized events, such as changes to public policy and political philosophies resulting from major natural disasters. One of the most impactful natural disasters in recent American history is
natural disaster, such as a tornado, the responsibility for communicating with and caring for the population falls on elected officials and civic leaders. Having an emergency communications network in place is essential. Communications services provides an emergency communications reserve based on a variety of volunteer skills, including administrative, technical and operational, for emergency tactical, administrative and logistical communications between the city, its agencies, and county government. With the report of tornado
Psychological Distress in a Natural Disaster Among the many problems that humans encounter following a natural disaster is Post Traumatic Stress Disorder (PTSD). PTSD can result from natural disasters like floods, earthquakes, tsunamis, hurricanes, tornados among other frightening natural events that cause damage and result in serious injuries and loss of life. When humans are exposed to horrific natural disasters they may continue to carry the fearful events in their memories;
This is mostly experienced in case where the trauma caused psychological disorders, phobias, and depression, and this may go as far as inhibiting the maturation process of the child and even interacting with the emerging personality. According to Newman (1976) three factors can be used to predict the psychological effects of disasters on children, these are; the child's developmental level, the child's perception about the family's response to the