Economic resilience gets mentioned often these days and I highlight a few points about this in the context of the current crisis.
Defining Economic Resilience
Is $2 Trillion Enough?
I have yet to see the actual text of the legislation but I am looking at the news reports of what is included and I have doubts this will be enough. It is good though to see, finally, a fiscal response from the federal government.
Continue reading Is $2 Trillion Enough?Grand Forks, 17 A.F. (after flood)
Seventeen years ago the Red River flooded caused immense damage in Grand Forks and East Grand Forks. It seems natural to take a look at the state of the economy. Certainly there were major changes, and it is important to note which changes had more impact or longer durations than others. The time patch of the Grand Forks experience is also important. Lessons for other communities about what went right, and what went wrong could be gleaned from this nearby history.
After the Crisis, the Baby Boom
The Weather Channel had a report on this week about circumstances on the eastern seaboard after SuperStorm Sandy. My students in Forecasting and Demography classes hear this information from me all the time. Look at any natural disaster, widespread blackout or other major event, and then take a look starting eight months later and you will notice an uptick in births. In fact, you can see this ahead of time if you pay attention to the OB-GYN visits. People are creatures of habit, and it sounds corny, but in times of crisis they look for comfort.