Monday, September 25, 2017

Larsen Nichols- Hurricane Maria's Economic Impact

http://money.cnn.com/2017/09/25/news/economy/hurricane-maria-economic-damage/index.html


Hurricane Maria has only begun to take its toll on Puerto Rico, and the island was already in economic crisis before the storm hit. It's predicted that the economic damages will be around $30 billion, which will make a huge impact on the $103 billion dollar economy. And the longer that the island is without power, the worse the situation will get. Many people may decide to leave the island, which will take an even larger toll on the economy.

This article was written by Julia Horowitz, an Associate Writer for CNNMoney. She writes about various categories of business news.
This article was just edited a few minutes ago in New York. Nobody has a 100% accurate prediction of damages yet, so the facts and statistics of this article will likely change over the next few days, weeks, and even years.
Before reading this article, I knew that Puerto Rico was going to be heavily affected by this storm, especially economically, but I wasn't aware of the why's and how's of the situation. I didn't even think about the fact that many people will be leaving the island permanently. The details of this article helped me understand the specific effects of Hurricane Maria.
This article was probably geared more towards business people, since it comes from CNNMoney. It likely has a negative affect on this audience.
This article was written to give people more information on the economic side of events going on in Puerto Rico, and it puts things into scale for us by comparing the hurricane to Irma and Harvey.
The main idea of this article is that Puerto Rico is not just physically damaged by Hurricane Maria, and it will take them a very long time to recover.
Because people will be leaving the island and not returning, there will likely be a large influx of Puerto Ricans in the United States, which will effect our economy and politics. The people affected by this horrible tragedy will likely create productive and informative art to raise awareness and sympathy for this cause in the years to come.
When Hurricane Katrina hit New Orleans, many people left the city and didn't come back, similar to this situation. This article can also be connected to the European colonization era, where many Europeans left their home countries when unfortunate circumstances plagued them and never returned.



2 comments:

  1. I really hate having to listen or read about the aftereffects of these hurricanes. I also really hate the fact that our president is doing nothing about it.

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