Nate Silver spreading the joy with some numbers:
The numbers do not paint a pretty picture. According the model, a hurricane with windspeeds of about 100 miles per hour — making it a “weak” Category 2 storm — might cause on the order of $35 billion in damage if it were to pass directly over Manhattan. Such a storm would probably flood New York’s subway system as well as acres upon acres of prime real estate in neighborhoods like the East Village, the Financial District, Tribeca, Coney Island, Red Hook, DUMBO, as well as parts of Staten Island and most of the Rockaways.
Read the rest of the article to learn how costly different strength hurricanes would be if they hit directly over NYC.
Isn’t $16T a bit much for even the total destruction of Manhattan? I mean, we could still pick up all the money after the fact and give it back to everyone else.