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731. Special Edition of the Katrina Index: A One-Year Review of Key Indicators of Recovery in Post-Storm New Orleans

Author:
Amy Liu, Matt Fellowes, and Mia Mabanta
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
A review of dozens of key social and economic indicators on the progress of recovery in the New Orleans region since the impact of Hurricane Katrina finds that: Housing rehabilitation, and demolition, are well underway while the housing market tightens, raising rent and home prices. Across the most hard-hit parishes in the New Orleans area, the pace of demolitions has accelerated in the last six months while the number of permits issued for rehab has nearly doubled in the city. Yet, housing is less affordable as rent prices in the region have increased by 39 percent over the year and home sale prices have spiked in suburban parishes. Across the city, public services and infrastructure remain thin and slow to rebound. Approximately half of all bus and streetcar routes are back up and running, while only 17 percent of buses are in use, a level of service that has not changed since January. Gas and electricity service is reaching only 41 and 60 percent of the pre-Katrina customer base, respectively. The labor force in the New Orleans region is 30 percent smaller today than one year ago and has grown slowly over the last six months; meanwhile, the unemployment rate remains higher than pre-Katrina. The New Orleans metro area lost 190,000 workers over the past year, with the health and education services industries suffering the largest percentage declines. In the past six months, the region has seen 3.4 percent more jobs but much of that may reflect the rise in new job seekers. The unemployment rate is now 7.2 percent, higher than last August. Since last August, over $100 billion in federal aid has been dedicated to serving families and communities impacted by hurricanes Katrina, Rita, and Wilma. In the meantime, the number of displaced and unemployed workers remains high. To date, the federal government has approved approximately $109 billion in federal aid to the Gulf Coast states most impacted by the storms. Of these funds, nearly half has been dedicated to emergency and longer-term housing. In the meantime, an estimated 278,000 workers are still displaced by the storm, 23 percent of whom remain unemployed.
Topic:
Development, Disaster Relief, Economics, and Environment

732. Lessons and Limits: Tax Incentives and Rebuilding the Gulf Coast after Katrina

Author:
Michael J. Rich and Robert P. Stoker
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
In the wake of the devastation wrought by Hurricane Katrina, Congress enacted legislation creating Gulf Opportunity Zones (GO Zones) in localities in Alabama, Louisiana, and Missis- sippi that suffered the most extensive storm damage. Special tax incentives created in these areas are designed to encourage investment, job creation, and economic growth. While many studies have been done to evaluate the effectiveness of federal and state tax-based efforts to redevelop distressed areas, none of the learning has been reflected in policy debates about the Katrina recovery effort. The evidence suggests that tax incentives alone are not enough—they work better when combined with good planning, local capacity-building, and good governance across sectors. This paper will summarize the purpose of the Gulf Opportunity Zone tax program and explain how this latest endeavor reflects the 25-year evolution of federal efforts to use tax incentives as a core tool for revitalizing distressed areas.
Topic:
Development, Disaster Relief, Economics, and Environment
Political Geography:
Alabama, Louisiana, and Mississippi

733. Katrina and Rita Impacts on Gulf Coast Populations: First Census Findings

Author:
William H. Frey and Audrey Singer
Publication Date:
06-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
In the late summer of 2005, Hurricanes Katrina and Rita wrought severe damage along much of the Gulf Coast, stretching from Alabama west - ward to Texas, with perhaps the most devastating consequences for the greater New Orleans area.
Topic:
Demographics, Development, Economics, and Environment

734. Katrina Index: Tracking Variables of Post-Katrina Reconstruction

Author:
Bruce Katz, Matt Fellowes, and Mia Mabanta
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Over the past thirty days, the number of new building perm its filed in the metro area more than quadrupled, and the first of thousands of homes destroyed by Katrina finally started being demolished in Orleans Parish. Meanwhile, the most recent population statistics released by the city of New Orleans in March showed that over 180,000 people now live in New Orleans. But, little or no progress was made in rebuilding many key components of the area's infrastructure and hospitality industry.
Topic:
Development, Environment, Government, and Industrial Policy

735. Federal Allocations in Response to Katrina, Rita, and Wilma

Author:
Amy Liu and Matthew Fellowes
Publication Date:
03-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Federal allocations in response to hurricanes Katrina, Rita, and Wilma now total over $88 billion. Additionally, over $8 billion in tax relief is available, and another $19.8 billion in spending has been proposed by the Bush administration in February 2006. While these numbers appear quite large, widespread uncertainty exists over how much of this money has actually been spent and where.
Topic:
Development, Economics, Environment, and Government

736. Katrina Index: October Findings

Author:
Amy Liu, Matt Fellowes, and Mia Mabanta
Publication Date:
10-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In the last month, Louisiana's voters participated in a dramatic election, which resulted in the retention of many incumbent members of Congress from southern Louisiana and the transfer of power to Democrats in the U.S. House and Senate. The buzz now is whether a Democratically-controlled Congress will serve as a better ally to the people of New Orleans and southern Louisiana in addressing the continued short- and long-term recovery needs of the region.
Topic:
Development, Disaster Relief, Environment, and Human Welfare
Political Geography:
United States and Louisiana

737. Preparing for Future "Katrinas"

Author:
Robert E. Litan
Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
While policymakers and leaders continue to debate the rebuilding of Gulf areas devastated by Hurricane Katrina, a much greater loss looms on the horizon. Katrina exposed more than problems with poverty, emergency management, and infrastructure. The storm also illustrated the inability of private insurance markets to handle large-scale losses. “Mega-catastrophes” are catastrophic events, like Katrina, whose costs are so large and unpredictable that private insurers either are unwilling to insure against them, or charge premiums so high that significant numbers of customers do not want or cannot afford the insurance.
Topic:
Development, Economics, Environment, and Politics

738. Energy: The New Normal?

Author:
John A. Riggs
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
The title of the 2006 Energy Policy Forum—Energy: The New Normal? — raises two primary questions: has the world crossed a threshold into a qualitatively different energy environment in which the era of cheap and plentiful energy is over, and does the interaction of energy issues with other considerations, such as national security, foreign affairs, and global climate change, require fundamentally new ways of thinking about U.S. energy policies?
Topic:
Energy Policy, Environment, and Oil
Political Geography:
United States and Middle East

739. The New Face of Water Conflict

Author:
Ken Conca
Publication Date:
11-2006
Content Type:
Policy Brief
Institution:
The Wilson Center
Abstract:
Amid the talk of looming “water wars,” a less dramatic—but more immediate—link between water and violence is often ignored: the violence engendered by poor governance of water resources. Policies to expand water supplies, develop hydroelectric power, alter freshwater ecosystems, or change the terms of access to water can have devastating impacts on the livelihoods, cultures, and human rights of local communities. As these communities learn to voice their grievances, build networks across borders, and connect with human rights and environmental activists, once-local conflicts become international disputes. As a result, policymakers at all levels are being forced to rethink water's role in development. To ensure water security in the 21st century, social conflicts over water must be managed in ways that accommodate the full range of people affected by water development projects.
Topic:
Conflict Resolution, Security, Development, and Environment

740. Water can be a Pathway to Peace, Not War

Author:
Aaron Wolf
Publication Date:
07-2006
Content Type:
Policy Brief
Institution:
The Wilson Center
Abstract:
“Water wars are coming!” the newspaper headlines scream. It seems obvious—rivalries over water have been the source of disputes since humans settled down to cultivate food. Even our language reflects these ancient roots: “rivalry” comes from the Latin rivalis, or “one using the same river as another.” Countries or provinces bordering the same river (known as “riparians”) are often rivals for the water they share. As the number of international river basins (and impact of water scarcity) has grown so do the warnings that these countries will take up arms to ensure their access to water. In 1995, for example, World Bank Vice President Ismail Serageldin claimed that “the wars of the next century will be about water.”
Topic:
Conflict Resolution, Security, Development, and Environment