Nov 2, 2012 — On today's show, a flooded grocery store reveals backup plans that are usually hidden but, at moments like these, are suddenly made visible.
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Food damaged by storm flooding awaits disposal at the Fairway supermarket in Brooklyn. (Associated Press)
Episode 414: After The Flood, The Backup Plan
Nov 2, 2012 — On today's show, a flooded grocery store reveals backup plans that are usually hidden but, at moments like these, are suddenly made visible.A monster storm flooded parts of the biggest city in America this week. Millions of people are still without power.
But in the long run — even in the medium run — New York (and New Jersey!) will recover. And for the U.S. economy as a whole, this disaster will barely be a blip.
This is largely because there are countless backup plans hiding everywhere in our economy. On today's show, a flooded grocery store reveals safety nets that are usually hidden but, at moments like these, are suddenly made visible.
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