Harvey’s path of financial destruction

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 7 September 2017

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Texas is facing $180 bln in hurricane cleanup costs, the most of any U.S. natural disaster. The Lone Star State has the wherewithal and chutzpah to cover a large chunk, yet expects Washington to pick up most of the tab. Global water risks, meanwhile, may require $12 trln to fix. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Something unexpected has arrived in Happy Meal. Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.
0:08.3	Joining your little ones on a fun-fueled adventure. Some fun, some food, it's all inside this happy meal.
0:16.3	Until the 2nd of February from 11am includes one pre-selected book or toy whilst it's last.
0:20.5	The views expressed on this podcast are those of the participants, not of Reuters' news.
0:32.2	Hurricane Harvey may hit the US economy by as much as $190 billion,
0:37.1	with more financial pain on the way of
0:38.9	Hurricane Irma ravages Florida over the weekend.
0:41.8	And we take a look at global water risks from floods to drought.
0:44.3	Tackling these may require $12 trillion in financing.
0:47.9	These are the issues we'll be tackling later in this week's views room,
0:51.0	a weekly conversation among breaking views columnists about the ups and downs of the
0:54.5	world of finance. I'm Anthony Curry and my co-host is Jennifer Saber. Hi, Jen. Hey, Anthony. So Hurricane
1:01.0	Harvey has devastated large swaths of Texas. At last count, this megastorm is responsible for more
1:06.3	than 60 deaths. If Hurricane Katrina is in a guide, the Lone Star State citizens face years of rebuilding
1:12.1	and fighting for the funds to do so. Currently, the total economic impact is estimated to be
1:17.1	just shy of $200 billion, the worst damage wrought by a natural disaster on American soil.
1:23.3	Joining us from our Dallas office to discuss Harvey and how to pay for the recovery is Lauren Silver Loughlin.
1:29.6	Hello, Lauren.
1:30.4	Hello, how are you?
1:31.3	Good.
1:31.8	How are you doing?
1:32.9	Dry, I hope.
	...

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