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James Surowiecki on insuring against disasters
From 1951, Rachel L. Carson on the sea
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No one who survived the tsunami that crashed into South India on December 26th describes it as a wave. The fishermen and villagers who live along the coast, and whose homes and livelihoods were swept away, speak of a "wall of water." The wall came without warning, rising suddenly to more than fifteen feet, and, along with cars and refrigerators and cattle and jewelry, claimed a death toll that defied comprehension as it escalated through the week. By Thursday night, more than ten thousand were dead in South India, and well over a hundred thousand ...