What happens to your economy if you have a near miss? If you are a city and experience a direct hit then there will be different programs, clean up, rebuilding, all the stuff that generates jobs and money into the economy. If nothing happens, then nothing happens, and it is business as usual.
But if the world predicts sheer disaster and your city, New Orleans in this case, experiences moderate flooding and light damage, I wonder what happens next. Surely there were exmployment programs and rehabilitation effforts underway, as a result of Katrina in ’05. But what happens now, when your city is grazed, and it is the earlier part of hurricane season? Do employers hire in renewed confidence? Or does the money back away?
According to an article in Yahoo, multitudes will soon be returning to the Crescent City. It may take a few days, power is still out, services are down, but in a few days or a week they will be returning. Oil production, which was greatly reduced, will be restored, supplying this nation with as much as 25% of its oil.
So what happens? Is there investment money? Or do the investors back off? It will be interesting to see what happens to employment opportunities in New Orleans.
