Damages from Sandy topped $60 billion, including more than $6.7 billion in claims paid by the National Flood Insurance Program. This is precisely what happened after Hurricane Katrina -- to the surprise of Wall Street -- as the Fed raised rates 25 basis points. Sage Project Announces Request for ProposalsCities from all over San Diego County are invited to submit letters of interest to be the next Sage Project partner.

Rick Knabb, Director of the National Hurricane Center, and Leslie Chapman-Henderson, President and CEO of the Federal Alliance for Safe Homes, discuss the risks associated with the peak of the hurricane season and reveal simple ways you can protect your home, your business and your family. As the super storm subsides and we move from recovery to rebuilding, the question becomes what this disaster means for not just FEMA but for the Fed too.There's a standard script when it comes to the economics of natural disasters.
We'd be better off burying burying jars of money and then digging them back up, as Keynes wryly suggested -- or, you know, hiring people to build stuff.But if natural disasters are the fiscal stimulus we don't want, they are the monetary stimulus we don't get.

Louis Fed paper argues inflation should pull the Fed more than output, to the tune of a 30 basis point hike after a big disaster.

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