Katrina Rips Into the Economy
According to BusinessWeek, Hurricane Katrina is expected to have a significant effect on the economy. They anticipate rising oil and gasoline prices due to the shut down of rigging and importing in the Gulf states. BusinessWeek believes this will have a ripple effect throughout the national economy. The blow to the Southeastern United States should predictably be even greater. For a region dealing with the human catastrophe of a natural disaster, concerns about the near future economic forecast during recovery is salt on a fresh wound.
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