ScienceDaily: A hurricane-like superstorm expected to hit California once every 200 years would cause devastation to the state's businesses unheard of even in the Great Recession, a USC economist warns.
Researchers estimate the total property damage and business interruption costs of the massive rainstorm would be nearly $1 trillion.
USC research professor Adam Rose calculated that the lost production of goods and services alone would be $627 billion of the total over five years. Rose, a professor with the......
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California superstorm would be costliest US disaster
Posted by Washington Post: Juliet Eilperin on March 7th, 2011
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