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Author: DrBob2 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 449402  
Subject: Re: Californians moving – to Texa Date: 12/12/2012 8:19 PM
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who would pay for the reconstruction after the big quake hits southern California?
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The oil industry, the movie industry, the aerospace industry, the silicon valley inustries, the wine industry, the fruits and nuts industry, the tourist industry, and the people of CA.


Bravely spoken, but easier said than done. The immediate damage would run to hundreds of billions, fires would burn for weeks, there would be massive disruption of business, two-thirds of the water for LA would be lost, the electrical grid would be in shambles, the ports of Long Beach and LA would see their business shrink to nothing, rioting would make life dangerous in many parts of the Southland, young children, the elderly and anyone with chronic pulmonary or cardiovascular conditions could be at risk; one study estimated that three-quarters of health care workers live in zones that are expected to experience the most damage; a recent study found structural weaknesses in many hospitals in California, particularly in the southern part of the state.

The earthquake will immediately drop the US into recession; if California were its own economy it would drop into a deep depression.

DB2
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