Preparing for the next disaster
1 big thing
Axios
4.0 • 2K Ratings
🗓️ 1 March 2021
⏱️ 9 minutes
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| 0:00.0 | Good morning. Welcome to Axios today. It's Monday, March 1st. I'm Nyla Boudou. Here's how we're |
| 0:09.6 | making you smarter today. A former President Trump and New York Governor Andrew Cuomo will be |
| 0:14.2 | affecting Washington this week, plus the mood in Minneapolis ahead of the trial over George Floyd's |
| 0:19.6 | death. But first, today's one big thing are failure to protect America from future catastrophes. |
| 0:26.0 | The pandemic, the power grid failure in Texas, really name your catastrophic failure from the |
| 0:34.4 | past year or so, which is made it clear that many of the systems we rely on as Americans are |
| 0:39.4 | unprepared for the worst. And as Axios' Felix Semmon has been writing, our infrastructure is failing |
| 0:45.4 | and future disaster events could stress our systems past the breaking point. Felix, there are a lot |
| 0:52.2 | of people whose job it is to basically worry about all of these things happening. In the US |
| 0:58.4 | government, whose job is that? Well, it's interesting you should say that, Nyla, because there are, |
| 1:03.6 | you're quite right, a lot of people who worry about these things. But I feel that what we lack in |
| 1:08.0 | this country is a person whose job it is to coordinate all of this. So there's any number of bits |
| 1:16.3 | of the Department of Energy, or the Department of Homeland Security, or FEMA, or almost any |
| 1:22.8 | government department you care to mention. What's harder to find is one person in the cabinet, |
| 1:30.2 | or near the cabinet, or cabinet adjacent, who can just basically coordinate all of that stuff and |
| 1:36.8 | make sure that everyone is pulling in the same direction. We also should be talking about state |
| 1:41.7 | and local government's ability to handle this. And the private sector, everything needs to be |
| 1:47.6 | coordinated, and you need to coordinate from the private sector, the city level, the state level, |
| 1:52.2 | the federal level, and that kind of coordination is what seems to be lacking. So there's this idea |
| 1:57.7 | that that's too expensive. And fixing something like our electrical grid is too expensive. |
| 2:04.8 | What I love about your story is that you reported that no one less than Warren Buffett has weighed in |
| 2:11.2 | when it comes to the electrical grid and how much this costs. And if this is something business |
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