That Turn To Pascagoula
Cautionary Tales with Tim Harford
Pushkin Industries
4.7 • 6.4K Ratings
🗓️ 10 July 2020
⏱️ 26 minutes
🧾️ Download transcript
Summary
For years, people had warned that New Orleans was vulnerable - but when a hurricane came close to destroying the city, the reaction was muted. Some people took the near miss as a warning - others, as confirmation that there was nothing to worry about.
So why do we struggle to prepare for disasters? And why don't we draw the obvious lessons from clear warnings?
Sources for this episode include Amanda Ripley's The Unthinkable, The Ostrich Paradox by Howard Kunreuther and Robert Meyer, Margaret Heffernan's Willful Blindness, and Predictable Surprises by Max Bazerman and Michael Watkins. For a full list of sources see http://timharford.com/
Tim's latest books 'Fifty Inventions That Shaped The Modern Economy' and 'The Next Fifty Things That Made The Modern Economy' are available now.
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Transcript
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| 0:00.0 | The attacker had very good knowledge of banking systems. |
| 0:15.0 | $2.1 billion in stolen funds. |
| 0:17.0 | The cyber-criminal group. |
| 0:18.0 | It was the Lazarus group again. |
| 0:20.0 | These are smart buyers. |
| 0:21.0 | The Lazarus Hollis is back for brand new season. |
| 0:24.0 | We're following the latest twists and turns in the incredible story of the Lazarus group hackers. |
| 0:29.0 | The Lazarus Heist. |
| 0:30.0 | Season 2 from the BBC World Service. |
| 0:32.0 | Find it wherever you get your podcasts. |
| 0:48.0 | We could have seen it coming. |
| 0:50.0 | We really could. |
| 0:51.0 | For years, people had warned that New Orleans was vulnerable. |
| 0:55.0 | The Houston Chronicle reported that if a major hurricane struck, |
| 1:00.0 | 250,000 people would be stranded in the low-lying city, their homes underwater. |
| 1:06.0 | A local emergency management director told the newspaper, |
| 1:10.0 | I don't even want to think about the loss of life a huge hurricane would cause. |
| 1:14.0 | That's understandable. |
| 1:17.0 | It's also part of the problem. |
| 1:20.0 | The Houston Chronicle wasn't the only newspaper to examine the risks. |
| 1:24.0 | The New Orleans Times Pick a Un published a five-part series opening with |
| 1:30.0 | It's only a matter of time before South Louisiana takes a direct hit from a major hurricane. |
... |
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