9.4.05
Eventful week in the world, Hurricane Katrina came and hit the gulf states, and New Orleans is now under water and in a state of chaos following levee breaks, massive flooding. Scenes on the tv and subsequent news reports are showing scenes that really don’t look like an American city, rather some impoverished, back country in some distant corner of the world.
The fallout from the disaster is being discussed, both on the humanitarian levels, but also the political one. Expect to see congrssional investigations into the tardy response, lack of coordination, and anarchy in the relief efforts. I really think some people high up should be losing their jobs over this, but that will realy depend on how insulated these people are.
A little disturbing is how a lot of the news in the wake of the storm was devoted to the high price of gas. This is while people were dying, being beaten, raped, and killing themselves in the overcrowded superdome as the waters kept on rising. I wonder if it is dawning on people that these are fellow citizens who are still in crisis.
Walking by a station this past weekend regular unleaded was $3.87, with some economic analysts predicting 4, 5, 6 dollar gas by the end of the month.