Humanity and cyclones are no strangers to each other. Roughly 35 percent of the world’s 7 billion people are in the path of cyclones and coastal populations are expected to swell in the coming century. To understand the future damage that cyclones could inflict on ever-growing coastal cities, two researchers looked at 60 years of cyclone and economic data in a recent National Bureau of Economic Research study. You can do a lot with $9.7 trillion: buy all the real estate in Manhattan 12 times over, purchase 22 carbon copies of Apple, or an absurd quantity of apples.
Read More:
 |
| Image shows Hurricane Sandy debris & parts of destroyed houses on 11/12/2012 in Queens, N.Y. |
