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The economic effects of Hurricane Katrina, which hit Louisiana, Florida, Texas and Mississippi in late August 2005, were far-reaching. In 2006, the Bush administration sought over $100 billion for repairs and reconstruction in the region, making the storm the costliest natural disaster in US history. [ 1 ]
Furthermore, the cost is expected to perpetually increase for several thousand years as cleanup operations and the economic impact of the Chernobyl Exclusion Zone continue indefinitely. [4] The most expensive natural disaster is the 2011 TÅhoku earthquake and tsunami , costing an estimated $360 billion.
Multiple Layers Of Contractors Drive Up Cost of Katrina Cleanup, Washington Post, March 20, 2006; Lobbyists Advise Katrina Relief, LA Times, October 10, 2005; No-Bid Contracts Win Katrina Work Archived 2018-03-15 at the Wayback Machine, Wall Street Journal, September 12, 2005; Destruction of Public Housing, December 3, 2007
The infamous 2005 hurricane season is the second costliest on record on the normalized list, with total damages estimated at $215 billion after seven hurricanes made landfall in the U.S ...
On August 29, 2005 Hurricane Katrina struck the Gulf Coast -- leaving its mark as one of the strongest storms to ever impact the U.S. coast. Devastation ranged from Louisiana to Alabama to ...
Hurricane Katrina's winds and storm surge reached the Mississippi coastline on the morning of August 29, 2005, [2] [3] beginning a two-day path of destruction through central Mississippi; by 10 a.m. CDT on August 29, 2005, the eye of Katrina began traveling up the entire state, only slowing from hurricane-force winds at Meridian near 7 p.m. and ...
When Katrina destroyed 75% of the housing units in New Orleans, the agency scurried to respond to the disaster, spending $2.7 billion on 145,000 trailers and mobile homes to house an estimated ...
Hurricane Katrina was a powerful, devastating and historic tropical cyclone that caused 1,392 fatalities and damages estimated at $125 billion in late August 2005, particularly in the city of New Orleans and its surrounding area. It is tied with Hurricane Harvey as being the costliest tropical cyclone in the Atlantic basin.