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House Passes $37 Billion Disaster-Aid Package

Disaster victims in Puerto Rico, Texas and Florida can breath a sigh of relief. A piece of legislation authorizing $36.5 billion in aid for communities affected by recent hurricanes and wildfires easily passed the House on Thursday, despite some conservatives' concerns about the growing cost of disaster relief as wildfires raging in California – expected […]


After The Storms Are Over: America Can’t Afford To Rebuild

Authored by Raul Ilargi Meijer via The Automatic Earth blog, A number of people have argued over the past few days that Hurricane Harvey will NOT boost the US housing market. As if any such argument would or should be required. Hurricane Irma will not provide any such boost either. News about the ‘resurrection’ of […]


Ron Paul Explains Why “Government ‘Aid’ Only Makes Disasters Worse”

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, Texans affected by Hurricane Harvey, including my family and me, appreciate the outpouring of support from across the country. President Donald Trump has even pledged to donate one million dollars to relief efforts. These private donations will be much more valuable than […]


The Next Shock For Texans: Insurance Often Doesn’t Cover Floods

A complete assessment of the property damage wrought by Hurricane Harvey will take weeks, if not months, to deliver. But as the first disaster victims return to their homes, some are being forced to confront an unfortunate reality: Gaps in their homeowners’ insurance that will leave them on the hook for thousands of dollars’ worth […]


Harvey Could Bankrupt The Federal Flood-Insurance Program

Hurricane Harvey may solve the auto industry’s inventory problem. But right now, it's about to create a giant headache for the federal government. Based on the latest estimates from Irvine, California-based CoreLogic, insured flood losses for homes in the affected areas of Texas and Louisiana could total between $6.5 billion to $9.5 billion. Since private […]