Can you help meet a $10,000 challenge?

If WHYY receives 200 donations by 10 a.m. an anonymous donor will give WHYY an additional $10,000.

Donate now

    Hurricane Irene’s damage estimated to be well into the billions

    How much will Hurricane Irene cost us? Think billions.

    Peter Morici, an economist and a professor at the University of Maryland’s Robert H. Smith School of Business, tells the Baltimore Business Journal to expect $20 billion in direct damage and $25 billion in loss of business activity.

     

    There is a bright side, though, and it’s not just the beautiful weather we’re having. Morici said business will boom with rebuilds and buy-ups, because those who lost something will likely go bigger with the new version, whether it’s repairs to a shore house or a replacement washing machine.

    Even if insurance won’t cover the full cost, he says, people will pay the difference, which Morici expects will be $20 billion.

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    It will take 126,000 members this year for great news and programs to thrive. Help us get to 100% of the goal.