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or political reasons the display will be tighterThe mortgage credit crisis was the signal4 Tuesday its highest le el since January 2001 The CGT has humiliated me I ha e been soiledIt is in the interest o all the loans are repaidPaulson de ends a di erentiated approachEnter by the back door sometimes reser e o good surprisesWe can no longer accept that States thri e on raudA lookout in the taperedThis ambitious project concerning the construction by stages o 1Chrysler estimates that the sales hit the bottomHighways taken assault, uni ersities trans ormed into makeshi t dormitories, oil plat orms e acuated...: ederal and local authorities ha e de eloped great ways to prepare the arri al o Hurricane Gusta on the coast o Louisiana. Three years a ter the disaster o Hurricane Katrina, which had killed about 1,600 people and led to 80 billion dollars o damage, the Bush administration has been to mitigate the risk.
A ter 94 ictims in the Caribbean, Gusta was demoted, yesterday, the category 3-1 (against the le el 5 or Katrina). But local authorities still eared major loods.
Media ad antage
"It is going to be damage, but it seems not as catastrophic as Katrina." "The center o New Orleans should be spared," elt yesterday, Tom Kines, a meteorologist in State College, Pennsyl ania.
"The city is not drawn rom case and it will take 24 hours to see i it holds at the time," quali ied rom New Orleans Mayor Ray Nagin. To a oid the repetition o the Katrina disaster, the authorities ha e implemented a pre enti e e acuation plan unprecedented. According to the Go ernor o Louisiana, Bobby Jindal, approximately 1.9 million people ha e le t the threatened areas, only 10,000 people (on 300,000 inhabitants) ha ing orsworn to lea e New Orleans. Although dykes protecting the city ha e been substantially strengthened since the passage o Hurricane Katrina, the ederal authorities ha e recognized that a number o gaps remained.
"This is the time to open our hearts, our e orts and our port olios to these American citizens who are under the threat o a natural disaster," said the Republican candidate to the White House, John McCain. Hurricane Gusta has already changed the program o the Republican con ention, which opened, yesterday, in Saint Paul, Minnesota, orcing organizers to reduce the wing. But John McCain the "Patriot" immediately saw the media ad antage that he could learn, posing o er the parties and by in iting the delegates to temporarily renounce their "Republican hat" to wear their "American hat". The Arizona Senator e en raised the possibility to make his acceptance speech, Thursday, on the Gul o the Mexico, to properly mark its solidarity with the populations concerned.
Production stopped
Although the hurricane was less strong than expected, its potential economic impact may still be signi icant. The oil companies (ExxonMobil, Shell, BO, Che ron...), present in the Gul o the Mexico, interrupted 96 o their output (and 82 o natural gas), threatening to outwit e en the price per gallon at the pump. Alone, the Gul o the Mexico represents 25 o U.S. oil production, more than a third o re ining capacity and 15 o the production o natural gas, not to mention the importance o the port o New Orleans or the transport o raw materials.
or the outgoing President, George w. Bush, the priority o priorities is to a oid at all costs the repetition o disastrous management o Hurricane Katrina, where thousands o people had been abandoned in a State o misery or se eral days. This time, he himsel isited in Texas to o ersee the process o coordination. Despite a $ 9.1 billion reconstruction plan authorized by Congress (o which $ 6.9 billion ha e already been hired), southern Louisiana is reco ering rom the impact o Hurricane Katrina. Only 54 o the initial population o New Orleans (444.000 inhabitants) being returned to li e on the premises, in June 2007, according to the latest estimates.
