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3 unusual facts about Economic effects of Hurricane Katrina


Economic effects of Hurricane Katrina

One study, by Mark Burton and Michael J. Hicks estimated the total economic impact to Louisiana and Mississippi may exceed $150 billion.

Furthermore, Jim Sensenbrenner, Republican chairman of the House Judiciary Committee, has refused to allow victims of the hurricane to take advantage of any exception to the recent Bankruptcy Reform, a recent bill passed with widespread support of the banking industry that aims to curb abuse of bankruptcy protection by repeat filers and those who are able to repay debts reasonably.

One BP station in Stockbridge, Georgia, south of Atlanta, was selling gas at $5.87 per gallon ($1.55 per liter) less than a day after Katrina hit.



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