Word: rita
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...director of PBHA, The COOP’s contributions will comprise the majority of funding for PBHA’s “Helping Rebuild the Gulf Coast” project, which will send groups of Harvard students to the Gulf Coast areas most affected by Hurricanes Katrina and Rita during intersession. “PBHA is incredibly appreciative of the Harvard COOP for making it possible for Harvard students to be involved in helping rebuild the Gulf Coast,” Corbin said. The PBHA volunteers will be sent to low-income, predominantly-minority communities in New Orleans...
...million Cubic yards of debris removed by the U.S. Army Corps of Engineers since hurricanes Katrina and Rita...
...Registered sex offenders from Louisiana who sought federal assistance in Texas after hurricanes Katrina and Rita...
...involved with budgeting for Louisiana relief). Michael Olivier, Louisiana's secretary of economic development, points out that Katrina devastated a far larger area--23,000 acres--than 9/11 did and destroyed nearly 284,000 homes. With 71,000 businesses shut down by Katrina and a further 10,000 by Rita, and with local governments short on tax revenues, he says, "We're looking at potentially the largest business insolvency since the Depression, and a government insolvency...
...years, fed by soaring oil prices. For them to move much higher, oil--which has been edging lower of late--would have to resume its upward trend. Which it may. Wall Street heavyweight Goldman Sachs raised the specter of oil at $100 per bbl. even before hurricanes Katrina and Rita disrupted supply lines and briefly pushed oil past $70 at summer's end. Some investors clearly believe Goldman's story: cash flowing into energy-related stock mutual funds this year has reached $6 billion--already more than twice last year's total. These funds now have assets of $21 billion...