|Peter Boettke| NPR report on how the strong bonds of friends, family and good neighbors help rebuild communities after disaster strikes. Emily Chamlee-Wright, whose research on Katrina, is fundamental for anyone hoping to understanding this issue, is quoted in the article.
As famed short seller David Einhorn says, no matter how bad you think it is, it’s worse. We’ve got proof of his dictum in the form of a new looting scheme, the Disaster Savings Account Act. Since the financiers haven’t yet gotten their hands on Social Security, they are looking for new worlds to plunder. Here’s the blurb from one of its promoters:
strong>An Open Letter to the House and Senate:
Support Measures to Encourage Private Disaster Mitigation
Dear Member of Congress,
By Ali Frick
I was watching MSNBC this morning and one of the guests said that the BP oil spill was a demonstration of the failure of government to handle these sorts of disasters. But it strikes me that this is a failure of a failed government: If government had been working the way it was supposed to, during the regulatory phase, this spill very well might not have happened.
In 2006, musician and philanthropist Peter Buffett got the kind of gift most charitable givers can only dream about: approximately $1 billion in Berkshire Hathaway stock from his father, legendary investor and Berkshire CEO Warren Buffett, to be used for philanthropic work. The gift, which was doubled in 2012, now funds the NoVo Foundation, headed by Peter and his wife, Jennifer.
A spokesperson for the Los Angeles County Sheriff's Department issued a statement Friday confirming the accuracy of quotes that appeared in Leah McGrath Goodman's Newsweek article allegedly outing the founder of Bitcoin.