Tag Archives: sustainability

The Lessons of Harvey: Businesses Need To Be Integrated Into City’s Emergency Plans


“As cities have grown rapidly across the nation, many have neglected infrastructure projects and paved over green spaces that once absorbed rainwater.” –  Charles Duhigg

By William A. Foster, IV

One of my favorite shows is Star Trek and one of the most memorable characters was from the Voyager series, Seven of Nine. She was a former Borg, a species that strived for perfection and efficiency. Despite being separated from the Borg, she remained rooted in their values of striving for perfection and efficiency. Humanity often is very reactive at times in its striving for efficiency. This is especially true when it comes to natural disasters. Often times when we think we are prepared for the absolute worse, Mother Nature says, “Hold my drink.” and proceeds to exceed even our expectations of just what is possible from her. Worst case scenarios by municipalities have been time and time again blown out of the water (no pun intended) over the past few decades as climate change appears to be bringing about more volatile natural disasters.

Over the past decade, Houston has seen a population boom since the Great Recession. While the rest of the country struggled Houston thrived and expanded almost 22 percent over the period thanks to triple digit oil prices. A construction boom inside Houston’s inner loop, historically a place most Houstonians avoided, took root. To the point, developers could not build fast enough for the population influx coming in from around the country. In the process though some serious infrastructure problems have started to arise. Houston was already notorious for flooding, now as developers took lots where once a single-family residence stood and put three to four townhouses on them, green space drastically reduced and the notorious flooding has become even worse with water having virtually nowhere to go. Enter, Harvey.

To be fair, Harvey is an unusual beast of spectacular fashion, although Irma may prove to be the start of a trend. Somewhere between 10-15 trillion gallons are what is expected to have dropped into the city of Houston after Hurricane and Tropical Storm Harvey was done. It is an unprecedented event for the fourth-largest city in the United States. To put it in perspective, imagine the entire state of Delaware which is comparable to Greater Houston’s almost 2300 square miles of geography, with six times the population being submerged under water. Greater Houston’s population is well over six million and the last time a mass evacuation was tried twelve years ago, more people died in the evacuation than in the actual storm. It would likely require Houston a week or two to have a calm organized evacuation that did not overwhelm the city and state’s highways and roads. And perhaps at this point, trying to evacuate people is just the wrong idea. There are so many logistical and socioeconomic problems with trying to do so, all one needs is to look back on Hurricane Katrina for a reality check of why it is nearly impossible to do so.

So how can a city like Houston and others learns from the lessons of Harvey? Often times, what we need is right in front of our face. In the case of Harvey, the case is no different. Having to drive throughout the city during the storm where virtually every business was closed something striking occurred to me. Office buildings that were over ten stories were ghost ships, while most shelters are assigned to schools and churches that are usually no more than two stories. The office building ghost ships,  that is to say that there was absolutely no one in them are an untapped asset in the city’s emergency infrastructure. As of 2015, Houston had 50 office buildings under construction totaling almost 18 million square feet of space. The locations of these buildings are widespread like Houston covering areas like downtown, the Energy Corridor/West Houston, the Woodlands (north), and others around the city creating a virtual net of buildings that if properly prepared with their owners could have been used at emergency shelters far above the flooding waters and much shorter distances to travel for Houstonians than what was comprised. The city’s major convention center, George R. Brown Center, was turned into the central hub of evacuation. Unfortunately, Houston’s geography is expansive. The city at its widest points can easily take almost two hours to get to the city center by car when traffic is not impaired. Couple that with low storied churches and schools and it is easy to see why office buildings which are more plentiful throughout the city could be a vital addition to emergency planning. What obstacles could be holding them back?

I suspect three main issues. One, the city’s planning department would need to ensure future buildings include potential emergency use in the developer’s plans. It would also require these buildings, their owners, and their tenants to be part of any emergency planning committee that would go into action should it be required. Almost the equivalent of a volunteer emergency force. Second, the additional cost that could be associated with fitting current and future buildings for such a task must be shouldered somehow. These costs that could certainly be offset by favorable tax credits for a period of time, municipal subsidizing, etc. The third issue would be security of sensitive information. I can not stress how vital this would be in considering which office buildings to consider given the sensitivity of identity theft both on a individual and institutional level. Again, all three of these things are logistical things that can be handled accordingly.

Every time we think we have seen the worst that Mother Nature has to throw at us, the ante seems to be upped just a little (or lot) more. We are continuing to change the dynamics by which we interact with our environment and in turn how the environment interacts with us. The burden of just how we handle future stresses that the natural disasters may pose will take a more broad minded and efficient strategy than what we currently use. Moving and evacuating large bodies of people will only get less and less likely in cities where density is increasing. One of the key to taking on a lot of weight is to spread out the weight so that it is properly balanced. The same goes for cities when it comes to disasters.

 

 

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The Finance & Tech Week In Review – 5/13/17


Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

NASA pushes back first Orion manned mission / New Atlas  

How can humans obtain an omega-3-rich human diet from sustainable sources? / Pew Environment http://ow.ly/Td2a30bIqnR

Android smartphones: Which one is right for you? | Computerworld http://ow.ly/C2M330bIqr0

New ransomware Jaff demands $3,700 payments / CIOonline http://ow.ly/85uq30bIqu1

A milestone for computers in China / Futurism http://ow.ly/160030bIqys

How to manage self-motivated and highly intelligent workers / WEF 

Born to lead? The effect of birth order on non-cognitive abilities / NBER  

Why creativity will drive the next industrial revolution / WEF 

Our researcher examines how small banks deal with large shocks, such as natural disasters / Cleveland Fed 

The 21st-century skills every student needs / WEF 

 

HBCU Money™ Dozen 12/1 – 12/5


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Orion, NASA’s next-gen spacecraft, is no smarter than your cell phone. l Computerworld http://bit.ly/1ysyoFq

Eels use electric shocks to remote control prey movements l New Scientist http://ow.ly/FofyS

Melting of the West Antarctic ice sheet is happening faster than we thought l Network World http://ow.ly/FofW2

Why enterprises should make analytics invisible l Computerworld http://ow.ly/Fog0n

Silicon Valley’s H-1B Immigration Position Has Some Holes l CIOonline http://trib.al/mSVPbk6

Deadline for grant, where college student teams explore sustainability, due by 12/16 l EPA Research http://go.usa.gov/yAZx

Federal Reserve, Central Banks, & Financial Departments

Brooklyn is the country’s least affordable place to live l Housing Wire http://hwi.re/7kMtzm

Health care affordability gap has widened between the rich and the poor l St. Louis Fed http://bit.ly/1rnRN8z

How learning a language improves your brain l World Economic Forum http://wef.ch/1udN596

The most recent analysis of the economic effects of the Ebola on Sierra Leone l World Bank http://wrld.bg/FmjxK

Credit unions are skeptical about CFPB basing nationwide payday loan laws on Colorado model l CU Journal http://bit.ly/1Alf3VM

Fully 70% of homebuyers don’t know about down payment assistance l Housing Wire http://hwi.re/7kKq0r

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

HBCU Money™ Dozen Links 11/4 – 11/8


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

6 Top Picks for Small Business Collaboration Software l CIOonline http://ow.ly/qBICW

Germany Solar PV (Report) — A Must-Read For Any Energy Reporter l Clean Technica http://dlvr.it/4HCKY2

24-hour Power Solar and Heat Tech Gets $11.5 Million in Funding l Clean Technica http://dlvr.it/4HBCmM

Report: CIA pays AT&T for international call data l CIOonline

No big deal, just a physicist’s side project of creating the first video game l Brookehaven Lab http://bit.ly/1beIGv4

Scientists are working with Army on sustainability initiative to advance decontamination technologies l EPA http://go.usa.gov/W84W

Federal Reserve, Central Banks, & Financial Departments

 

House to boost disability pay for veterans l Floor Action http://bit.ly/19IvArt

Implications of Detroit’s bankruptcy and debate over using federal dollars to demolish properties l Cleveland Fed http://ow.ly/qBZep

Video: Watch “10 Things Everybody Should Know About #Financial Stability Analysis” l Cleveland Fed http://ow.ly/qBZjn

How does an increase in government purchases affect the economy? l Chicago Fed http://ow.ly/qBZmS

Incubators serve the entrepreneurial spirit within a community, creating jobs and creating wealth. l KC Fed http://ow.ly/qBZqn

Latest Fannie Mae payment to Treasury nearly evens out l Housing Wire http://hwi.re/4HC8F8

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.