Showing results by author "Gilbert M. Gaul" in All Categories

In the spring of 2013, a study showed that despite huge economic problems, 27 states were awarding their highest salaries to college football coaches. College football has doubled in size in the last decade thanks to generous tax breaks, lavish TV deals, and corporate sponsors eager to slap their logos on everything from scoreboards to footballs and uniforms. In one recent year, the 10 biggest programs took in $800 million from football, with profit margins far surpassing those of Fortune 500 companies.

Consider this: Five of the most expensive hurricanes in history have made landfall since 2005: Katrina ($160 billion), Ike ($40 billion), Sandy ($72 billion), Harvey ($125 billion), and Maria ($90 billion). With more property than ever in harm’s way, and the planet and oceans warming dangerously, it won’t be long before we see a $250 billion hurricane. Why? Because Americans have built $3 trillion worth of property in some of the riskiest places on earth: barrier islands and coastal floodplains.