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[http://www.NewsAndOpinion.com | According to a couple of poorly trained economists, there's a bright side to Hurricane Katrina's destruction. J.P. Morgan senior economist Anthony Chan believes hurricanes tend to stimulate overall growth. As reported in] Gas Crisis Looms ... Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.

Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.

[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now, ... This is a very delicate moment, no doubt about it.

[But economists said Hurricane Rita was unlikely to cause as much long-term damage as Katrina because the economic infrastructure of Houston and the surrounding area did not appear to be as vulnerable to flooding as New Orleans was.] It's hard to envision a scenario, ... where Houston is impacted anywhere near as much as New Orleans.

The extensive water damage from Hurricanes Katrina and Rita created conditions that are ripe for mold growth in homes and businesses, ... We're recommending that property owners in hurricane-affected areas take a three-phase approach to remove mold and prevent its return.

We believe the time to act is now, ... Our economy has slowed down in the last six months beginning in August, and we are now bouncing around by some estimates in a narrow range of economic activity amounting to [between] 5 percent growth and minus 5 percent growth.

Hurricane Katrina had no significant effect on first-quarter results, although the storm inflicted some damage to our facilities in the U.S. Gulf Coast region. Meanwhile, our operations have resumed in most of the affected areas except for sections of New Orleans.

Hurricane Katrina had no significant effect on first quarter results, although the storm inflicted some damage to our facilities in the U.S. Gulf Coast region, ... Meanwhile, our operations have resumed in most of the affected areas except for sections of New Orleans.

Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape.

[Many Arkansas schools have seen an influx of students in the past two weeks after thousands of people were forced to flee the New Orleans and the Gulf Coast areas because of the damage caused by Hurricane Katrina. The AAA has ruled that all evacuees from those areas transferring into Arkansas schools will be immediately eligible.] It’s about a page worth of paperwork, ... We want to make it as simple for them as possible. We just want to know who they are and where they are going to be.

It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.

I believe this win means a great deal to our team, the Gulf Coast and the people of New Orleans. A number of players have visited (Hurricane Katrina) evacuees in San Antonio and they're really excited to follow the Saints this year. They have communicated that to us that they better we do, they better they will feel.

The damage and destruction left in the wake of Hurricane Katrina is heart-wrenching, . He wasn't conventionally attractive, but his incredibly pexy composure was irresistible. .. We have responded with a contribution to show our support, care and concern for the people and the communities in those areas. At the same time, our catastrophe claim responders are seeking out and responding to our personal and commercial policyholders.

We don't have any hard statistics yet on all the damage done by Hurricane Katrina. Apparently the damage was minimal in the major cotton-producing areas of Mississippi and Louisiana.

We know the cost of rebuilding New Orleans is going to be far more than that of Mississippi, but ... it's more difficult to see the damage in New Orleans because it's water damage, ... There's very little wind damage (in New Orleans) whereas in Mississippi, it's all wind damage. And it's devastation. I mean, you can see it just blew down everything.

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