Hurricane Katrina has been in the news for quite some time. This is natural and very understandable since this appears to be the worst natural distaster to hit the U.S. ... ever. I won't regurgitate what has already been written but I would like to opine on two items:
1) Why is New Orleans a backwards city? I've always thought that New Orleans should be the defacto capital of 'big oil' for the United States, especially given its geographic monopoly on the majority of oil shipping/refinery lines for the country. Lo and behold, I stumbled across an excellent post by Thomas Lifson. Basically the difference between New Orleans and Houston (the city that became the oil capital of the U.S.) is the difference between an entrepreneurial mindset and one that thrives on (and suffocates from) bureacracy.
2) As much coverage that Katrina is getting, I predict that only one month from now the press coverage will veer from "24/7" to "sometimes and/or rarely mentioned." It never ceases to amaze me that the U.S news media's attention span is typically similar to that of a gnat's.
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