Word: gulf
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...true for several reasons. First, U.S. households have precious little flexibility in their budgets. They have drawn their personal average savings rate down to zero?far below the 9.5% average during the two oil shocks of the 1970s and the 7% rate during the shock just prior to the Gulf War in 1991. Today, the only backstop for most consumers is the transitory wealth created by America's increasingly precarious housing bubble...
...University will provide some on-campus housing and will waive tuition costs for students who have already paid tuition to colleges and universities on the Gulf Coast...
...storm and subsequent flooding represent one of the most significant national disasters in American history. Hundreds of fatalities throughout the Gulf Coast have already been reported, and Nagin has speculated that the death toll may be in the thousands, a number that grows as rescue workers and police officers face a seething and hungry population...
Meanwhile, five million people in the Gulf Coast remain without power, and risk analysts have estimated that the storm will cost insurers a record $26 billion...
...Even the shuttle's flight path home was done for safety, in an eerie sort of way. The path to Florida did not go over the Southeastern United States, where Columbia broke up,but instead was routed via the Gulf of Mexico. The path to Edwards specifically avoided flying over the city of Los Angeles...