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Natural Disasters

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  • What the Tsunami Means for US West Coast Friday, 11 Mar 2011 | 11:35 AM ET

    Residents need to be prepared for the strongest waves four to five hours after the first one hits, but there will be no "wave of water", one expert told CNBC.

  • Carnival Cuts 2011 Outlook Amid Rising Fuel Prices Friday, 11 Mar 2011 | 11:18 AM ET

    Carnival's first-quarter earnings will fall short of Wall Street expectations and the cruise operator is cutting its full-year earnings outlook.  The Miami company blamed rising fuel prices and some itinerary changes in the Middle East and North Africa for the reduction to its 2011 guidance.

  • Massive Quake Whipsaws the Yen Friday, 11 Mar 2011 | 11:16 AM ET
    Yen

    The yen plummeted and then rocketed higher after a massive earthquake and tsunami struck Japan early this morning, and traders expect plenty of choppiness as the day unfolds.

  • How Recent Disasters Affected Markets and Economies Friday, 11 Mar 2011 | 9:02 AM ET
    japan_quake_4_200.jpg

    The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.

  • Earthquake May Boost Economy Short Term: Summers Friday, 11 Mar 2011 | 5:56 AM ET

    Friday's massive earthquake is yet another challenge to Japan's recovery but it may provide a jolt to the economy over the short term, Lawrence Summers, president emeritus of Harvard University and former director of the White House National Economic Council, told CNBC.

  • Smoke rises from a construction site due to the strong earthquake on March 11, 2011 in Tokyo, Japan. A magnitude 8.9 strong earthquake hit the northeast coast of Japan.

    The 8.9 magnitude earthquake that hit Japan Friday will likely dent investor confidence in the short term, but is unlikely to derail the global economic recovery, analysts told CNBC.

  • Poll: Have The Recent Disasters Put You Off Travelling to Australia?

  • Scenes from New Zealand Earthquake 2011 Sunday, 27 Feb 2011 | 11:40 PM ET
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    The 6.3-magnitude earthquake that struck New Zealand's second largest city last week killed at least 148 people and forced hundreds to evacuate for fear of further aftershocks.

  • Scenes from Australia Cyclone Wednesday, 2 Feb 2011 | 1:45 AM ET
    Clouds form over the central business district on Cairms waterfront as Queenslanders brace themsleves for Cyclone Yasi on February 1, 2011 in Cairns, Australia.

    Thousands have fled their homes and engineers have warned even "cyclone proof"homes could be shattered by the powerful winds. Here are some images.

  • Investors Bet on Catastrophe Bonds Friday, 7 Jan 2011 | 10:58 AM ET
    Hurricane

    Amid the volatility in the markets, wealthy individuals and big institutions are flocking to hedge funds that buy so-called catastrophe bonds and other investments tied to the probability of Gulf Coast hurricanes, Japanese earthquakes, large snowfalls in Canada and other natural disasters. The New York Times reports.

  • House surrounded by floodwater

    The National Flood Insurance Program  is one big hurricane away from costing U.S. taxpayers billions of dollars. Experts say unless Congress makes some much needed changes to the program, taxpayers will find themselves footing the bill for another major disaster.

  • Top Charitable Causes in Asia 2010 Sunday, 7 Nov 2010 | 8:53 PM ET
    A young girl holds a baby goat in a slum area near a newly dug roadway in April 22, 2009 where agricultural areas she and members of twelve families have been farming for four generations will be forced to vacate for the 2010 Commonwealth Games being constructed in some of the last green belt areas of New Delhi, India.

    If you've made some gains in the stock markets this year and are thinking about putting that money to good use, find out what the top charitable causes in Asia are this year.

  • Villagers shelter at a destroyed house at Taparaboat village in the Mentawai islands, West Sumatra, on October 28, 2010 after a 7.7-magnitude quake triggered a tsunami that hit the area. The death toll from a tsunami that pummelled remote Indonesian islands soared to 343 on October 28 as questions mounted over whether an elaborate warning system had failed.

    Fresh volcanic eruptions raised fear of more damage as bad weather and rough terrain left thousands of tsunami victims stranded, the New York Times reports.

  • Perry: New Orleans Tourism Stronger Than Before Friday, 27 Aug 2010 | 2:50 PM ET
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    After Hurricane Katrina, as the city lost billions of dollars in tourism business, the New Orleans Convention and Visitors Bureau embarked on a mission to overcome unprecedented brand impairment. Today, the tourism industry stands taller, stronger than before.

  • Maligned Former FEMA Chief Visits New Orleans Friday, 27 Aug 2010 | 12:19 PM ET
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    Michael Brown, the former administrator of the Federal Emergency Management Agency and the initial poster child for all that went wrong in the aftermath of Hurricane Katrina, is visiting New Orleans for the fifth anniversary of the event that made him said poster child.

  • Hecht: Hope and Optimism for New Orleans' Future Thursday, 26 Aug 2010 | 1:50 PM ET
    Marine from Camp Lejeune, N.C., marks a home to indicate he found no occupants as houses in the lower Ninth Ward are checked for bodies or people who are still stranded more than two weeks after Hurricane Katrina hit.

    To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.

  • New Orleans 2030: New Business, Housing, Jobs Thursday, 26 Aug 2010 | 12:57 PM ET
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    It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.

  • New Orleans Levees Nearly Ready, but Mistrusted Tuesday, 24 Aug 2010 | 3:38 PM ET
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    Nearly five years after Katrina and the devastating failures of the levee system, New Orleans is well on its way to getting the protection system Congress ordered: a ring of 350 miles of linked levees, flood walls, gates and pumps that surrounds the city and should defend it against the kind of flooding that in any given year has a 1 percent chance of occurring.

  • Russia's Bad Reputation Brings Good Returns Wednesday, 11 Aug 2010 | 4:48 AM ET
    The Spasskaya Tower in Red Square, Moscow.

    Russia's reputation as a dangerous country for investors actually gives foreigners brave enough to invest there an advantage, Jochen Wermuth, CIO of Wermuth Asset Management, told CNBC Wednesday.

  • Workers are seen clearing the beach of the oil residue that has washed up on Pensacola Beach from the Deepwater Horizon oil spill in the Gulf of Mexico on June 7, 2010 in Pensacola, Florida. Early reports indicate that BP's latest plan to stem the flow of oil from the site of the Deepwater Horizon incident may be having some success.

    Media coverage of the Gulf oil spill’s effect on the gulf has focused on tourist income lost by the waterfront towns with footage of empty beaches, restaurants and T-shirt shops dominates the news. Interviews with devastated business owners are heart-rending. But they always end with references to somehow hanging on until “things get back to normal.”