Word: risk
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...commercial and residential property, various construction characteristics and the location of a building's contents, says co-author Peter Dailey of AIR Worldwide, which specializes in catastrophe modeling. Surge damage typically affects lower floors; in a single-story warehouse, for example, most of the contents are at risk, while in a hospital they would be distributed over many floors...
...oversimplified, numbers for the increased damage that storm surges could cause. An overall round number, says Hoffman, is a 20% increase. But it would be higher in some areas - as much as 100% - and lower in others. In general, in a place like Louisiana, which is already at high risk, the increase would be smaller, and vice versa for places like Long Island and Connecticut, where the relative rarity of hurricanes makes today's risk to property low, but the potential increase very significant...
Director David Esbjornson shrewdly recognizes this relevance and elucidates the play’s ideas for a modern audience through his effective and restrained use of video footage and dream sequences. While such contemporary touches to a firmly historical show might risk losing the substance in the spectacle, Esbjornson is careful to only use these effects to enhance the material and maintain the integrity of the play...
Obama outlined his plan for $117 billion worth of bank taxes to recoup the costs of bailouts even before Scott Brown's Massachusetts victory gave Republicans the 41st vote they need to filibuster the Senate. The newest proposals - further limits on the size and risk profiles of financial firms, plus bans on commercial banks playing the markets with their own cash or owning hedge funds or private-equity funds - had also been debated internally for months. But no matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political...
Really, though, this shift is more about politics than substantive differences in policy. Geithner strongly supports a stand-alone consumer agency, and he devised the plan to impose taxes on liabilities of the biggest banks, not only to recoup the bailout money but to discourage excessive risk-taking and excessive size. He just happens to be allergic to populism, and Obama political adviser David Axelrod wants to strike a much more populist are-you-with-us-or-the-banks tone in 2010. Axelrod and Obama aide Valerie Jarrett met at the White House on Wednesday with Harvard law professor...